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drmicrocaps 23 posts  |  Last Activity: 13 hours ago Member since: Jan 19, 2011
  • The Toro Company Reports Record Third Quarter Results
    Third quarter sales increase 11.3 percent to a record $567.5 million driven by strong retail demand for both professional and residential products
    Quarterly net earnings per share increase 28 percent to a record $0.87
    Company is well-positioned to achieve Destination 2014 goals as it launches its second century
    Business Wire The Toro Company
    58 minutes ago
    BLOOMINGTON, Minn.--(BUSINESS WIRE)--

    The Toro Company (TTC) today reported net earnings of $50 million, or $0.87 per share, on a net sales increase of 11.3 percent to $567.5 million for the third quarter of fiscal 2014. In the comparable fiscal 2013 quarter, the company delivered net earnings of $40.1 million, or $0.68 per share, on net sales of $509.9 million.

    For the first nine months, Toro reported net earnings of $163 million, or $2.82 per share, on a net sales increase of 6 percent to $1.759 billion. In the comparable fiscal 2013 period, the company posted net earnings of $149.9 million, or $2.53 per share, on net sales of $1.659 billion.

    “Our team is especially proud to deliver record results and double-digit sales and earnings growth for the third quarter in which we also celebrated our Centennial milestone,” said Michael J. Hoffman, Toro’s chairman and chief executive officer. “After successfully managing through the challenges of a late spring, our quarterly results benefited from favorable summer growing conditions in key markets that, similar to last year, helped drive retail sales across most of our businesses. Shipments of golf equipment and irrigation products increased on strong retail demand for our innovative product offerings. In addition, we returned to a more normal quarterly flow for channel purchases of professional equipment subject to Tier 4 emission standards. Landscape contractor customers continued to invest in turf maintenance equipment, which also helped drive sales.

    Sentiment: Hold

  • Reply to

    3rd Quarter results

    by drmicrocaps Aug 16, 2011 11:08 AM
    drmicrocaps drmicrocaps Aug 20, 2014 11:14 PM Flag

    SIFCO Industries, Inc. (“SIFCO”) Announces Third Quarter Fiscal 2014 Financial Results

    SIFCO Industries, Inc.
    August 8, 2014 9:43 AM
    CLEVELAND--(BUSINESS WIRE)--

    SIFCO Industries, Inc. (NYSE MKT: SIF) today announced financial results for its third quarter of fiscal year 2014, which ended June 30, 2014.

    Third Quarter
    • Net sales from continuing operations in third quarter fiscal 2014 increased 8.1% to $31.0 million, compared to $28.7 million in third quarter fiscal 2013.
    • Income from continuing operations before income taxes in third quarter fiscal 2014 was $2.6 million compared to $4.2 million in third quarter fiscal 2013.
    • Net income from continuing operations for third quarter fiscal 2014 was $2.0 million, or $0.37 per diluted shar

    Sentiment: Buy

  • Reply to

    News

    by drmicrocaps Jan 5, 2012 8:24 PM
    drmicrocaps drmicrocaps Aug 15, 2014 11:01 AM Flag

    Newell Rubbermaid Announces Chief Financial Officer Doug Martin Leaving the Company

    Newell Rubbermaid
    ATLANTA, Aug. 14, 2014 (GLOBE NEWSWIRE) -- Newell Rubbermaid (NWL) announced today that Doug Martin, Executive Vice President and Chief Financial Officer, has resigned from the company effective August 31, 2014 to accept a senior leadership position with another company. Newell Rubbermaid has retained Spencer Stuart to help identify a new Chief Financial Officer. While that search is underway, John Stipancich, the company's Executive Vice President, General Counsel, Corporate Secretary and EMEA Leader, has been named the company's Interim Chief Financial Officer.

    Michael Polk, President and Chief Executive Officer, commented, "On behalf of the Board of Directors and the entire company, I want to thank Doug for his invaluable contributions and leadership over twenty-seven years of service with Newell Rubbermaid. During the last two years as Chief Financial Officer, Doug has been instrumental in driving the Growth Game Plan into action. I know Doug and his family are excited by returning home to their extended family in the Midwest and I wish him continued success in his future endeavors. Doug leaves us with an experienced financial team that will ensure a seamless transition while we search for a successor. John Stipancich has agreed to broaden his role and serve as Interim CFO during the leadership transition period."

    Mr. Stipancich, a ten year veteran of Newell Rubbermaid, is a member of the company's Executive Leadership Team. He currently has operating responsibility for the company's business operations in Europe, the Middle East and Africa, and the company's global legal functions. Prior to joining Newell Rubbermaid, he held executive positions with Evenflo Co., Inc. and Borden, Inc., both former Kohlberg Kravis Roberts & Co. portfolio companies.

    Sentiment: Buy

  • Reply to

    2nd Quarter Results

    by drmicrocaps Aug 14, 2013 3:13 PM
    drmicrocaps drmicrocaps Aug 15, 2014 10:45 AM Flag

    RLJ Entertainment Reports Financial Results for the Second Quarter Ended June 30, 2014

    RLJ Entertainment, Inc.
    SILVER SPRING, Md., Aug. 13, 2014 (GLOBE NEWSWIRE) -- RLJ Entertainment Inc., ("RLJ Entertainment" or "the Company") (RLJE), today reported results for the second quarter ended June 30, 2014. Full detail of the financial results as well as Management Discussion and Analysis, or MD&A, can be found in the Company's Form 10-Q to be filed with the SEC.

    RLJ Entertainment is a leading creator, owner and distributor of media content across digital, broadcast and physical platforms. The Company leverages its branding expertise, access to content and direct to consumer skills to optimize the value of its programs for distinct audiences.

    RLJ Entertainment is focused on driving growth through the development of interest-based entertainment services for targeted audiences in niche genres including British drama and mystery, urban, action/thriller, and fitness, by using new technologies to deliver that content to consumers.

    Robert L. Johnson, Chairman of RLJ Entertainment, stated, "I am pleased with the Company's performance in the second quarter as our efforts to fortify the Company's long-term growth strategy are now bearing fruit. Our core operations delivered solid growth in revenue and Adjusted EBITDA and our digital distribution initiatives are ramping nicely, helping to establish a platform that brings niche programming to loyal and passionate audiences."

    Miguel Penella, Chief Executive Officer of RLJ Entertainment, commented, "This was a good quarter for our business. Following the successful combination of two compelling content businesses, Acorn and Image, we have been hard at work securing cost savings, refining and strengthening our investment in unique IP content, accelerating our digital distribution approach and improving our balance sheet.

    Sentiment: Strong Buy

  • Reply to

    2nd Quart and 6 month results

    by drmicrocaps Aug 16, 2011 5:47 PM
    drmicrocaps drmicrocaps Aug 14, 2014 2:18 PM Flag

    Wireless Telecom Group Announces Second Quarter 2014 Financial Results, Including an Increase in 6-Month Net Sales of 27% Year-over-Year
    Business Wire Wireless Telecom Group, Inc.
    6 hours ago
    PARSIPPANY, N.J.--(BUSINESS WIRE)--

    Wireless Telecom Group, Inc. (NYSE MKT:WTT) announced today results for the second quarter ended June 30, 2014.

    For the quarter ended June 30, 2014, the Company reported net sales of $10,439,000, compared to $8,705,000 for the same period in 2013, an increase of 20%. Net sales in the Network Solutions segment were $7,602,000, compared to $5,954,000 for the same period in 2013, an increase of 28%. Net sales in the Test and Measurement segment were $2,837,000, compared to $2,751,000 for the same period in 2013, an increase of 3%.

    The Company also reported net income of $716,000 or $0.03 per diluted share for the second quarter of 2014, compared to net income of $1,058,000, or $0.04 per diluted share, for the second quarter of 2013, a decrease of 32%.

    For the six months ended June 30, 2014, the Company reported net sales of $19,624,000, compared to $15,502,000 for the same period in 2013, an increase of 27%. Net sales in the Network Solutions segment were $13,992,000, compared to $9,748,000 for the same period in 2013, an increase of 44%. Net sales in the Test and Measurement segment were $5,633,000, compared to $5,754,000 for the same period in 2013, a decrease of 2%.

    The Company also reported net income of $1,156,000 or $0.05 per diluted share for the first six months of 2014, compared to net income of $1,404,000, or $0.06 per diluted share, for the first six months of 2013, a decrease of 18%.

    Sentiment: Buy

  • Reply to

    2nd Quarter Results

    by drmicrocaps Aug 15, 2013 2:54 PM
    drmicrocaps drmicrocaps Aug 14, 2014 2:57 AM Flag

    RCI Hospitality Holdings, Inc. (formerly Rick's Cabaret International, Inc.) Reports Strong Core 3Q14 Performance
    PR Newswire RCI Hospitality Holdings, Inc.
    August 11, 2014 4:05 PM
    HOUSTON, Aug. 11, 2014 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (formerly Rick's Cabaret International, Inc.) (RICK) today announced strong core performance for the 2014 third quarter ended June 30, 2014; stepped up open market purchases of common shares in the 2014 fourth quarter; and an updated capital allocation strategy in recognition of the Company's increased cash generating power.

    View photo
    .RCI HOSPITALITY HOLDINGS INC
    Highlights

    3Q14 GAAP EPS diluted of $0.07 includes $0.21 per share cost net of tax of previously announced legal settlements and $0.02 per share net of tax on a loss on sale of property. Excluding these, the resultant core EPS diluted was $0.30 compared to $0.23 in the year ago quarter.
    3Q14 Non-GAAP EPS* diluted of $0.35 includes the $0.02 cost mentioned above. Excluding this, Non-GAAP EPS was $0.37 compared to Non-GAAP EPS of $0.36 in the year ago quarter.
    RCI has updated its capital allocation strategy to take maximum advantage of its growing cash generating ability. Rather than using excess cash to primarily finance the acquisition of adult clubs and the development of sports bars/restaurants, RCI will examine all opportunities—including current operations, potential acquisitions, restaurant development, expedited debt pay down, stock buybacks, and potential dividends—on the basis of which will provide the most favorable shareholder return.

    Sentiment: Buy

  • Reply to

    2nd quarter results

    by drmicrocaps Aug 11, 2011 12:23 PM
    drmicrocaps drmicrocaps Aug 6, 2014 9:09 PM Flag

    Lakes Entertainment Announces Results for Second Quarter 2014
    Lakes Entertainment, Inc. (LACO) today announced results for the three and six months ended June 29, 2014.

    Second Quarter Results
    Net earnings for the second quarter of 2014 were $0.1 million, compared to net earnings of $0.2 million for the second quarter of 2013. Earnings from operations were $0.3 million for the second quarter of 2014 compared to a loss from operations of $1.2 million for the second quarter of 2013. Basic and diluted earnings per share were less than $0.01 for the second quarter of 2014 compared to basic and diluted earnings per share of $0.01 for the second quarter of 2013.

    Lakes Entertainment reported second quarter 2014 net revenues of $14.1 million, compared to prior-year second quarter net revenues of $8.5 million. Second quarter 2014 net revenues were related to the operation of Rocky Gap Casino Resort near Cumberland, Maryland, (“Rocky Gap”). Lakes acquired this property in August 2012 and gaming operations began on May 22, 2013. During the second quarter of 2013, net revenues of $4.8 million were related to the operation of Rocky Gap. Also included in prior-year second quarter net revenues were $3.7 million in management fees related to the management of the Red Hawk Casino, near Sacramento, California, owned by the Shingle Springs Band of Miwok Indians. There were no management fees earned during the second quarter of 2014 due to the August 29, 2013 termination of the management agreement for the Red Hawk Casino.

    During the second quarters of 2014 and 2013, property operating expenses for Rocky Gap were $8.2 million and $3.4 million, respectively, and primarily related to gaming operations, rooms, food and beverage and golf.

    Sentiment: Strong Buy

  • Reply to

    2nd Quarter and 6 month results

    by drmicrocaps Aug 4, 2012 2:19 AM
    drmicrocaps drmicrocaps Jul 31, 2014 5:13 PM Flag

    KKR & Co. L.P. Announces Second Quarter 2014 Results
    Exit Activity Drives Record Total Distributable Earnings
    GAAP net income (loss) attributable to KKR & Co. L.P. was $178.2 million and $388.3 million for the quarter and six months ended June 30, 2014, respectively, up from $15.1 million and $208.6 million in the comparable periods of 2013.
    Total distributable earnings was $701.0 million and $1,147.8 million for the quarter and six months ended June 30, 2014, respectively, up from $403.8 million and $694.4 million in the comparable periods of 2013.
    Distribution per common unit was $0.67 and $1.10 for the quarter and six months ended June 30, 2014, respectively, up from $0.42 and $0.69 in the comparable periods of 2013.
    Economic net income (“ENI”) was $501.6 million and $1,131.8 million for the quarter and six months ended June 30, 2014, respectively, up from $144.4 million and $792.2 million in the comparable periods of 2013.
    ENI after taxes per adjusted unit was $0.62 and $1.43 for the quarter and six months ended June 30, 2014, respectively, up from $0.18 and $1.06 in the comparable periods of 2013. (1)
    ENI after taxes and equity-based charges per adjusted unit was $0.57 and $1.32 for the quarter and six months ended June 30, 2014, respectively, up from $0.15 and $0.99 for the quarter and six months ended June 30, 2013. (1)
    Fee and yield earnings were $154.2 million and $317.0 million for the quarter and six months ended June 30, 2014, respectively, up from $101.0 million and $188.5 million in the comparable periods of 2013.

    Sentiment: Strong Buy

  • Reply to

    "Whisper Number"

    by drmicrocaps Oct 15, 2013 11:48 PM
    drmicrocaps drmicrocaps Jul 31, 2014 11:48 AM Flag

    The "Street has WETF coming in at .075 for the quarter that should be reported on or about November 1, 2014! All post's welcome! The "Good Dr's In"!

    Sentiment: Strong Buy

  • Reply to

    "Whisper Number"

    by drmicrocaps Oct 23, 2012 2:47 PM
    drmicrocaps drmicrocaps Jul 31, 2014 11:16 AM Flag

    6:40 am Newell Rubbermaid beats by $0.04, reports revs in-line; reaffirms FY14 EPS guidance (NWL) : Reports Q2 (Jun) earnings of $0.59 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus Estimate of $0.55; revenues rose 3.1% year/year to $1.52 bln vs the $1.51 bln consensus.

    Sentiment: Buy

  • Reply to

    2nd Quarter Results

    by drmicrocaps Jul 27, 2012 1:15 PM
    drmicrocaps drmicrocaps Jul 31, 2014 11:00 AM Flag

    Newell Rubbermaid Announces Strong Second Quarter Results
    GlobeNewswire Newell Rubbermaid
    4 hours ago
    4.6% Core Sales Growth and Normalized EPS of $0.59
    3.1% Net Sales Growth and Reported EPS of $0.54
    Reaffirms Full Year Guidance
    Second Quarter Executive Summary

    3.1 percent net sales growth; 4.6 percent core sales growth, excluding foreign currency
    40.0 percent reported gross margin; 40.3 percent normalized gross margin
    14.0 percent reported operating margin; 15.8 percent normalized operating margin
    $0.54 reported EPS, up 45.9 percent versus prior year; $0.59 normalized EPS, up 18.0 percent versus prior year
    Significantly increased advertising investment to build brands and support new innovation
    Repurchased 3.9 million shares at a cost of $114.3 million
    Agreed to acquire Ignite Holdings, LLC, a leading designer and marketer of on-the-go beverage containers under the Contigo(R) and Avex(R) brands
    ATLANTA, July 31, 2014 (GLOBE NEWSWIRE) -- Newell Rubbermaid (NWL) today announced its second quarter 2014 financial results.

    "We have delivered very strong second quarter results across all key metrics," said Michael Polk, Newell Rubbermaid's President and Chief Executive Officer. "Outstanding top line performance in Writing, Tools and Commercial Products drove core sales growth of 4.6 percent. Normalized gross margin increased to 40.3 percent driven by pricing, productivity and positive mix. Normalized operating margin increased to 15.8 percent despite more than doubling our investment in advertising, and normalized EPS increased 18 percent to $0.59. These strong results give us increased confidence that our strategy of accelerating advertising and promotion in support of our brands is working. In fact, we now believe we are tracking toward the high end of our normalized EPS guidance range of $1.94 to $2.00 for the full year.

    Sentiment: Buy

  • Reply to

    2nd Quarter Results

    by drmicrocaps Aug 3, 2013 2:26 PM
    drmicrocaps drmicrocaps Jul 30, 2014 3:20 AM Flag

    Wed, Jul 30, 2014, 3:18AM EDT - US Markets open in 6 hrs
    Northern Trust Corporation Reports Second Quarter Net Income of $181.9 Million, Earnings Per Common S
    Records Pre-Tax Charges and Write-offs of $42.3 million ($0.12 per diluted common share)
    Business Wire Northern Trust Corporation
    July 16, 2014 8:05 AM
    CHICAGO--(BUSINESS WIRE)--

    Northern Trust Corporation today reported second quarter net income per diluted common share of $0.75, compared to $0.78 in the second quarter of 2013 and $0.75 in the first quarter of 2014. Net income was $181.9 million, compared to $191.1 million in the prior year second quarter and $181.4 million in the prior quarter. Return on average common equity was 9.2%, compared to 10.0% in the prior year quarter and 9.3% in the prior quarter.

    The current quarter includes pre-tax charges and write-offs totaling $42.3 million. Excluding these charges and write-offs, net income per diluted common share, net income, and return on average common equity were $0.87, $209.8 million, and 10.6%, respectively.

    Frederick H. Waddell, Chairman and Chief Executive Officer, said, “Our business continued to expand in the second quarter as trust, investment and other servicing fees, which represent 65% of revenue, increased 8% compared to last year and assets under custody and under management increased 20% and 15%, respectively.

    We also continue to focus on sustainable improvements to our financial performance and on investing in attractive growth opportunities.

    Sentiment: Hold

  • drmicrocaps by drmicrocaps Jul 30, 2014 2:58 AM Flag

    Wynn Resorts, Limited Reports Second Quarter 2014 Results
    Business Wire Wynn Resorts, Limited
    18 hours ago
    LAS VEGAS--(BUSINESS WIRE)--

    Wynn Resorts, Limited (WYNN) today reported financial results for the second quarter ended June 30, 2014.

    Net revenues for the second quarter of 2014 were $1,412.1 million, compared to $1,332.3 million in the second quarter of 2013. The growth was the result of a 12.5% increase in net revenues from our Las Vegas Operations and a 3.2% net revenue increase from our Macau Operations. Adjusted property EBITDA (1) was $467.4 million for the second quarter of 2014, a 9.8% increase from $425.7 million in the second quarter of 2013.

    On a US GAAP basis, net income attributable to Wynn Resorts for the second quarter of 2014 was $203.9 million, or $2.00 per diluted share, compared to net income attributable to Wynn Resorts of $129.8 million, or $1.28 per diluted share, in the second quarter of 2013.

    Adjusted net income attributable to Wynn Resorts, Limited (2) in the second quarter of 2014 was $215.1 million, or $2.11 per diluted share (adjusted EPS), compared to an adjusted net income attributable to Wynn Resorts of $152.9 million, or $1.51 per diluted share, in the second quarter of 2013.

    Wynn Resorts also announced today that the Company has approved a cash dividend for the quarter of $1.25 per common share. This dividend will be payable on August 26, 2014, to stockholders of record on August 12, 2014.

    Macau Operations

    In the second quarter of 2014, net revenues were $960.6 million, a 3.2% increase from the $930.9 million generated in the second quarter of 2013. Adjusted property EBITDA in the second quarter of 2014 rose to $307.0 million, up 5.8% from $290.1 million in the second quarter of 2013.

    Table games results in Macau are segregated into two distinct reporting categories, the VIP segment and the mass market segment.

    Sentiment: Hold

  • Reply to

    2nd Quarter Results

    by drmicrocaps Jul 22, 2011 12:40 PM
    drmicrocaps drmicrocaps Jul 30, 2014 2:48 AM Flag

    Macau Operations

    In the second quarter of 2014, net revenues were $960.6 million, a 3.2% increase from the $930.9 million generated in the second quarter of 2013. Adjusted property EBITDA in the second quarter of 2014 rose to $307.0 million, up 5.8% from $290.1 million in the second quarter of 2013.

    Table games results in Macau are segregated into two distinct reporting categories, the VIP segment and the mass market segment.

    Table games turnover in the VIP segment was $26.4 billion for the second quarter of 2014, an 11.7% decrease from $29.9 billion in the second quarter of 2013. VIP table games win as a percentage of turnover (calculated before commissions) for the quarter was 2.93%, within the expected range of 2.7% to 3.0% and in-line with the 2.94% experienced in the second quarter of 2013.

    Table games win in the mass market segment increased by 43.3% to $311.0 million in the second quarter of 2014. Mass market table games win per unit per day increased by 53.0% to $17,852 from $11,671 in the second quarter of 2013. Drop in the mass market segment was $682.3 million in the second quarter of 2014, up 8.9% from the 2013 second quarter, while the segment’s win percentage of 45.6% compares to 34.6% in last year’s second quarter and sequentially to 43.4% in the first quarter of 2014. Note that customers purchase mass market gaming chips at either the gaming tables or the casino cage. Chips purchased at the casino cage are excluded from table games drop and will increase the expected win percentage. With the increased purchases at the casino cage, we believe the relevant indicator of volumes in the mass market segment should be table games win.

    Slot machine handle of $1.5 billion for the second quarter of 2014 was 24.4% above the prior-year quarter, and slot win increased 14.1% compared to the prior-year period. Win per unit per day was 59.1% higher at $1,163, compared to $731 in the second quarter of 2013.

    Sentiment: Buy

  • Reply to

    2nd Quarter and 6 month results

    by drmicrocaps Aug 4, 2012 2:19 AM
    drmicrocaps drmicrocaps Jul 25, 2014 12:27 AM Flag

    KKR & Co. L.P. Announces Second Quarter 2014 Results
    Exit Activity Drives Record Total Distributable Earnings
    GAAP net income (loss) attributable to KKR & Co. L.P. was $178.2 million and $388.3 million for the quarter and six months ended June 30, 2014, respectively, up from $15.1 million and $208.6 million in the comparable periods of 2013.
    Total distributable earnings was $701.0 million and $1,147.8 million for the quarter and six months ended June 30, 2014, respectively, up from $403.8 million and $694.4 million in the comparable periods of 2013.
    Distribution per common unit was $0.67 and $1.10 for the quarter and six months ended June 30, 2014, respectively, up from $0.42 and $0.69 in the comparable periods of 2013.
    Economic net income (“ENI”) was $501.6 million and $1,131.8 million for the quarter and six months ended June 30, 2014, respectively, up from $144.4 million and $792.2 million in the comparable periods of 2013.
    ENI after taxes per adjusted unit was $0.62 and $1.43 for the quarter and six months ended June 30, 2014, respectively, up from $0.18 and $1.06 in the comparable periods of 2013. (1)
    ENI after taxes and equity-based charges per adjusted unit was $0.57 and $1.32 for the quarter and six months ended June 30, 2014, respectively, up from $0.15 and $0.99 for the quarter and six months ended June 30, 2013. (1)
    Fee and yield earnings were $154.2 million and $317.0 million for the quarter and six months ended June 30, 2014, respectively, up from $101.0 million and $188.5 million in the comparable periods of 2013.
    Book value was $10.4 billion on a total reportable segment basis as of June 30, 2014 or $12.52 per adjusted unit.
    Return on equity and cash return on equity were 28.7% and 22.2%, respectively, on a trailing twelve month basis.
    Assets under management (“AUM”) and fee paying assets under management (“FPAUM”) totaled $98.0 billion and $79.7 billion as of June 30, 2014, respectively.
    Previously announced acquisition of KFN has closed.

    Sentiment: Strong Buy

  • Reply to

    2nd Quarter Results

    by drmicrocaps Jul 27, 2012 1:15 PM
    drmicrocaps drmicrocaps Jul 25, 2014 12:19 AM Flag

    Newell Rubbermaid to Acquire Contigo(R) and Avex(R) Beverage Container Brands
    First Significant Acquisition Since 2008
    GlobeNewswire Newell Rubbermaid
    July 21, 2014 9:29 AM
    ATLANTA, July 21, 2014 (GLOBE NEWSWIRE) -- Newell Rubbermaid (NWL) has signed a definitive agreement to acquire Ignite Holdings, LLC ("Ignite") from North Castle Partners, a leading private equity firm focused on consumer businesses that promote healthy, active and sustainable living.

    Ignite is a leading designer and marketer of durable beverage containers sold under the Contigo and Avex brands. Ignite is expected to deliver $125 million of net sales in 2014 and has a strong growth track record in the on-the-go thermal and hydration beverage containers market, achieving a historical four year sales CAGR of 35 percent. The purchase price is $308 million, subject to customary working capital adjustments. The acquisition is expected to be accretive to Newell Rubbermaid's growth rate, normalized operating income margin and normalized EPS in the first year. Newell Rubbermaid plans to reinvest a portion of Ignite's profitability to more aggressively build the Contigo and Avex brands.

    Newell Rubbermaid President and CEO Michael Polk said, "Ignite has a great track record of growth, establishing a leading share position in two of the fastest growing consumer durable categories in North America. Their commitment to leverage great design to deliver differentiated products is evident in their results. The acquisition of Ignite marks the next step in the Growth Game Plan as we transform Newell Rubbermaid into a larger, faster growing, more global and more profitable company."

    The acquired business will become part of the Home Solutions segment with Contigo and Avex joining the company's Rubbermaid(R), Calphalon(R), Goody(R) and Levolor(R) brands.

    "Ignite's focus on design, product performance and constant innovation is a seamless fit with our Growth Game Plan strategy,"

    Sentiment: Buy

  • Reply to

    "Whisper Number"

    by drmicrocaps Oct 15, 2013 11:48 PM
    drmicrocaps drmicrocaps Jul 19, 2014 12:20 PM Flag

    The "Street has WETF coming in at .08 for the quarter that should be reported on or about August 01, 2014! All post's welcome! The "Good Dr's In"!

    Sentiment: Strong Buy

  • Reply to

    3rd Quarter and 9 Month Results

    by drmicrocaps Jul 15, 2011 5:08 PM
    drmicrocaps drmicrocaps Jul 15, 2014 9:56 AM Flag

    Jewett-Cameron Announces 3rd Quarter Financial Results
    PR Newswire Jewett-Cameron Trading Company Ltd.
    17 hours ago
    NORTH PLAINS, Ore., July 14, 2014 /PRNewswire/ -- Jewett-Cameron Trading Company Ltd. (JCTCF) today reported financial results for the third quarter and nine month periods of fiscal 2014 ended May 31, 2014.

    Sales for the third quarter of fiscal 2014 totaled $15.3 million compared to sales of $15.1 million for the third quarter of fiscal 2013. Income from operations was $1,552,537 compared to income of $1,686,508 for the third quarter ended May 31, 2013. Net income after other items and income taxes for the current quarter was $936,329, or $0.33 per share, compared to net income of $1,018,564, or $0.32 per share, in the year-ago quarter.

    For the nine months ended May 31, 2014, Jewett-Cameron reported sales of $33.1 million compared to sales of $38.6 million for the nine months ended May 31, 2013. Net income was $1,506,306, or $0.50 per share, compared to net income of $2,289,941, or $0.73 per share, in the first nine months of fiscal 2013. The year ago period was positively affected by the one-time gain on the sale of property of $353,852.

    "Several of our market segments have become much more competitive during the last year," said CEO Don Boone. "We have also seen increases in raw material prices, which together has resulted in lower margins. As a response, we have initiated several programs to obtain new business, including introductory pricing and the launch of several new products."

    As of May 31, 2014, the Company's cash position was $4.2 million, and there was no borrowing against its $1.0 million line of credit. The Company has historically utilized its cash position by implementing share repurchase programs as an effective method of enhancing shareholder value. During the third quarter of fiscal 2014 ended May 31, 2014, the Company repurchased and cancelled a total of 327,078 common shares at a total cost of $3,234,699.

    Sentiment: Strong Buy

  • Reply to

    2nd Quarter Results will be announced

    by drmicrocaps Jul 20, 2011 9:38 PM
    drmicrocaps drmicrocaps Jul 10, 2014 11:38 AM Flag

    Newell Rubbermaid to Webcast Second Quarter 2014 Earnings Results
    GlobeNewswire Newell Rubbermaid
    3 hours ago
    ATLANTA, July 10, 2014 (GLOBE NEWSWIRE) -- Newell Rubbermaid (NWL) today announced its second quarter 2014 earnings results will be released Thursday, July 31, prior to market open and will be followed by a live webcast at 8:00 a.m. ET. To listen to the webcast, please visit Events & Presentations in the Investor Relations section of Newell Rubbermaid's Web site. The live webcast will be recorded and made available for replay.

    About Newell Rubbermaid

    Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with 2013 sales of approximately $5.7 billion and a strong portfolio of leading brands, including Sharpie(R), Paper Mate(R), Rubbermaid Commercial Products(R), Irwin(R), Lenox(R), Parker(R), Waterman(R), Rubbermaid(R), Levolor(R), Calphalon(R), Goody(R), Graco(R), Aprica(R) and Dymo(R). As part of the company's Growth Game Plan, Newell Rubbermaid is making sharper portfolio choices and investing in new marketing and innovation to accelerate performance.

    Contact:
    Nancy O'Donnell
    Vice President, Investor Relations
    +1 (770) 418-7723
    David Doolittle
    Vice President, Global Communications
    +1 (770) 418-7519 Search FinanceSearch Web
    Steven AvatarSteven

    Sentiment: Buy

  • Reply to

    News

    by drmicrocaps Sep 21, 2011 9:52 PM
    drmicrocaps drmicrocaps Jul 2, 2014 11:10 AM Flag

    #$%$ incorporated Completes the Acquisition of a Minnesota Galvanizing Facility
    Acquisition strengthens market leadership position; Increases to 36 the number of galvanizing facilities in North America
    PR Newswire #$%$ incorporated
    June 30, 2014 4:50 PM

    FORT WORTH, Texas, June 30, 2014 /PRNewswire/ -- #$%$ incorporated (#$%$), a global provider of electrical products and highly engineered services and a provider of galvanizing services in North America, today announced that it has successfully completed a transaction to acquire substantially all of the assets of Zalk Steel & Supply Co., a Minneapolis, Minnesota-based galvanizing company that has served its customers in the upper Midwest of the United States since 1955. The acquisition of Zalk Steel & Supply, a small-kettle niche provider of galvanizing services, brings to 36 the number of galvanizing plants in the Galvanizing Services Segment of #$%$, and further enhances #$%$'s position as the market leader in the North American galvanizing industry.

    Tom Ferguson, president and chief executive officer of #$%$ incorporated, said "We are extremely pleased to make this strategic acquisition that allows us to expand our network of galvanizers and broadens our service capabilities in the Midwestern U.S. with yet another successful operating plant. Operated with pride and integrity since its founding in 1955, Zalk Steel & Supply has a rich heritage of providing a superior level of service and support to their customers.

    Sentiment: Buy

EGT
0.55-0.03(-5.17%)Aug 21 3:58 PMEDT

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