8:06 am #$%$ beats by $0.07, reports revs in-line; raises FY16 guidance on US Galvanizing acquisition (#$%$) :
Reports Q1 (May) earnings of $0.77 per share, $0.07 better than the Capital IQ Consensus Estimate of $0.70; revenues rose 5.9% year/year to $228.9 mln vs the $228.59 mln consensus.
Earnings for the first quarter of fiscal 2016 were positively impacted by an improved gross margin of 25.9% compared to 25.6% in the first quarter of fiscal 2015, despite the challenging comparison year over year from insurance proceeds related to business interruption settlements.
Co issues guidance for FY16, raises EPS to $2.85-3.30 from $2.75-3.25 vs. $2.94 Capital IQ Consensus; raises FY16 revs to $900-940 mln from $875-925 mln vs. $910.90 mln Capital IQ Consensus. This is a direct result of our acquisition of U.S. Galvanizing and our expectation that it will provide accretion of ~ $0.10 in EPS for fiscal year 2016."
#$%$ incorporated Announces Plan to Build New "Greenfield" Galvanizing Services Plant in Reno, Nevada
PR Newswire #$%$ incorporated
12 hours ago
FORT WORTH, Texas, June 30, 2015 /PRNewswire/ -- #$%$ incorporated (#$%$), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services, today announced the construction of a new hot-dip galvanizing plant near Reno, Nevada. The new 25 acre plant site is located in the Tahoe-Reno Industrial Center east of Sparks, Nevada will be open for business by January of 2016. Upon completion of the new Reno facility, #$%$ Galvanizing Services will operate a network of 43 hot-dip galvanizing plants in the United States and Canada.
The new Reno plant will be an environmentally friendly, state of the art, 50,000-square foot facility with a 30'-6"L x 7'-3"W x 10'D kettle. #$%$ Galvanizing – Reno, LLC will employ 25 to 30 people, expanding as demand for high quality hot-dip galvanizing services grows. Initial hires will include production, maintenance and administrative personnel. Local employment is anticipated to grow to 60 plus people over the course of two to three years.
Tim Pendley, chief operating officer of Galvanizing Services of #$%$ incorporated, commented, "We chose Reno because of all of the positive economic development in the area. It provides the opportunity to develop this new and untapped market. We've been planning the expansion into the Reno area for several years, waiting for the opportune time to invest in the future of this growing community. Upon completion of the Reno facility we will have 43 galvanizing facilities in our network allowing us to provide superior customer service with customized turnaround times that are unmatched in the industry. We are very excited to be a part of Nevada's future."
The" Street" has SAFM coming in at 3.05 for the Third Quarter of 2015 that should be reported on July 15, 2015
Sentiment: Strong Buy
The "Street" has NFLX coming in at .33 for the quarter that should be reported on or about July 15, 2014! All post's welcome! The "Good Dr's In"!
DENTSPLY International Reports First Quarter 2015 Results
DENTSPLY International Inc.
May 6, 2015 7:02 AM
· First quarter adjusted earnings per diluted share of $0.59 vs. $0.59 in first quarter 2014
· Currency headwind on sales of approximately10%
· Adjusted operating margin for the first quarter expanded 100 bps to 18.7%
· Operating cash flow increased 2% while free cash flow increased 26%
York, PA - May 6, 2015 - DENTSPLY International Inc. (XRAY) today announced sales and earnings for the three months ended March 31, 2015.
First Quarter Results
Net sales in the first quarter of 2015 of $656.3 million decreased 10.1% from $730.1 million in the first quarter of 2014. Net sales, excluding metals content, of $631.5 million decreased 8.4% from $689.2 million in the first quarter of 2014. The revenue decline, excluding precious metals, primarily reflects constant currency growth of 1.3% that was more than offset by a 9.7% headwind from foreign currency translation.
Net income attributable to DENTSPLY International for the first quarter of 2015 was $64.0 million, or $0.45 per diluted share, compared to $72.9 million, or $0.50 per diluted share in the first quarter of 2014. On an adjusted basis, excluding certain items, net earnings per diluted share were flat at $0.59 compared to $0.59 in the first quarter of 2014. A reconciliation of the non-GAAP measure to earnings per share calculated on a US-GAAP basis is provided in the attached table.
Bret Wise, DENTSPLY`s Chairman and Chief Executive Officer, stated "Our first quarter adjusted earnings results were slightly better than anticipated, overcoming some weakness in Europe and the substantial currency exchange headwind we face this year.
DENTSPLY International Reports Fourth Quarter and Fiscal 2014 Results
DENTSPLY International Inc.
February 18, 2015 7:05 AM
Fiscal 2014 adjusted earnings per diluted share grew 6% to $2.50
Fiscal 2014 operating cash flow increased 34% to $560 million
2014 adjusted operating margins expanded 80 bps to 18.4%
York, PA - February 18, 2015 - DENTSPLY International Inc. (XRAY) today announced sales and earnings for the three months and year ended December 31, 2014.
Fourth Quarter Results
Net sales in the fourth quarter of 2014 of $719.0 million decreased 5% from $753.7 million in the fourth quarter of 2013. Net sales, excluding precious metals content, of $691.0 million decreased 3% from $713.7 million in the fourth quarter of 2013. The revenue decline, excluding precious metals, primarily reflects constant currency growth of 2% that was more than offset by a 5% headwind from foreign currency translation.
Net income attributable to DENTSPLY International for the fourth quarter of 2014 was $84.7 million, or $0.59 per diluted share, compared to $74.4 million, or $0.51 per diluted share in the fourth quarter of 2013. On an adjusted basis, excluding certain items, net earnings decreased to $0.60 per diluted share from $0.61 per diluted share in the fourth quarter of 2013. A reconciliation of the non-GAAP measure to earnings per share calculated on a GAAP basis is provided in the attached table.
Full Year Results
Net sales for the full year 2014 were $2.92 billion, a decrease of 1% from the prior year. Net sales in 2014, excluding precious metal content, were $2.79 billion, a 1% increase over 2013, reflecting positive constant currency growth in each of DENTSPLY`s major geographic regions which includes the United States, Europe, and Rest of World. Constant currency growth of 2% was partially offset by a 1% headwind from currency trans
TrueBlue Reports Q4 and Full-Year 2014 Results
Adjusted EBITDA Growth of 53 Percent for Fourth Quarter 2014
Business Wire TrueBlue, Inc.
February 5, 2015 4:05 PM
TACOMA, Wash.--(BUSINESS WIRE)--
TrueBlue, Inc. (TBI) announced today that revenue for the fourth quarter of 2014 was $691 million, an increase of 54 percent, compared to revenue of $449 million for the fourth quarter of 2013. Net income for the fourth quarter of 2014 was $0.65 per diluted share, compared to $0.36 for the fourth quarter of 2013. Adjusted net income per diluted share* for the fourth quarter of 2014 was $0.52, compared to $0.35 for the fourth quarter of 2013. Adjusted EBITDA* for the fourth quarter of 2014 was $42 million, an increase of 53 percent, compared to $27 million in the fourth quarter of 2013.
The company also reported record annual revenue of $2.2 billion, an increase of 30 percent, compared to $1.7 billion for 2013. Net income for 2014 was $1.59 per diluted share, compared to $1.11 for 2013. Adjusted net income per diluted share was $1.45 for 2014, compared to $1.08 for 2013. Adjusted EBITDA for 2014 was $116 million, an increase of 33 percent, compared to $87 million in 2013.
“Our focus has always been on providing customers with workforce solutions to improve the performance of their business,” TrueBlue CEO Steve Cooper said. “The acquisition of Seaton added new industry-leading service lines in recruitment process outsourcing (RPO), managed service provider (MSP) solutions, and on-premise staffing, which are meeting all of our performance expectations. Combined with our specialized staffing service lines, we now offer more solutions to meet our customers’ increasingly complex talent needs.”
TrueBlue acquired Seaton’s service lines, including Staff Management | SMX, PeopleScout and HRX, on June 30, 2014.
Sentiment: Strong Buy
Tupperware Brands Reports First Quarter 2015 Results
- First quarter sales up 3% in local currency+, at mid-point of guidance, and down 12% in dollars.
- Adjusted*, diluted E.P.S. $1.02, up 4% in local currency.
- GAAP diluted E.P.S. $0.59 versus $1.02 prior year including negative foreign exchange and incremental Venezuela impacts of $0.33 and $0.15, respectively.
- South America segment, up 37% in local currency and down 21% in dollars. Brazil continued strong sales growth, up 46% in local currency.
PR Newswire Tupperware Brands Corporation
April 22, 2015 7:00 AM
ORLANDO, Fla., April 22, 2015 /PRNewswire/ -- (TUP) Tupperware Brands Corporation today announced first quarter 2015 operating results.
.Tupperware Brands Logo
Rick Goings, Chairman and CEO, commented, "We delivered right in the middle of our sales guidance in the first quarter, up 3% in local currency, despite a difficult comparison and a few challenged markets, demonstrating the strength of our diversified global portfolio. Significant contributors to sales growth were Argentina, Brazil, China, Tupperware U.S. and Canada, and the South African businesses."
Goings continued, "We feel confident in our ability to deliver improved results in the quarter ahead through the levers in our business model. At the same time, we look toward the future and executing our strategies to contemporize the business model, strengthen our core business fundamentals and extend our reach to better support and grow our 2.9 million global sales force."
First Quarter Executive Summary
First quarter 2015 net sales were $582 million. Emerging markets**, accounting for 66% of sales, achieved an 8% increase in local currency. Established markets were down 6% in local currency primarily from Europe.
GAAP net income of $29.5 million, down 44% versus prior year GAAP net income of $52.2 million.
Lionsgate Reports Strong Financial Results For Fiscal 2015
Adjusted Net Income Increases to $257.5 Million or $1.85 Adjusted Basic Net Income per Share; Net Income Grows to $181.8 Million or $1.31 Basic Net Income per Share
Adjusted EBITDA Increases to $384.9 Million on Revenue of $2.40 Billion
Television Production Revenue Grows to Record $579.5 Million
Free Cash Flow Increases to $261.6 Million
PR Newswire Lions Gate Entertainment Corp.
May 21, 2015 4:00 PM
SANTA MONICA, Calif. and VANCOUVER, British Columbia, May 21, 2015 /PRNewswire/ -- Lionsgate (LGF), a premier next generation global content leader, today reported revenue of $2.40 billion, adjusted EBITDA of $384.9 million, adjusted net income of $257.5 million or $1.85 adjusted basic net income per share and net income of $181.8 million or $1.31 basic net income per share for fiscal 2015 (fiscal year ended March 31, 2015).
Free cash flow in fiscal 2015 was $261.6 million, marking the third straight year in which the Company delivered over $250 million in free cash flow.
Strong domestic and international television performance, a film slate including The Hunger Games: Mockingjay -- Part 1, Insurgent and John Wick, increased earnings from the Company's investment in the EPIX channel, reduced interest expense and lower theatrical marketing costs all drove the Company's profitability in the fiscal year.
"We're pleased to report very strong financial results in fiscal 2015, bolstered by a stellar performance from our television business, complemented by a great year on the strategic front as well," said Lionsgate Chief Executive Officer Jon Feltheimer.
Nathan's Famous, Inc. Reports Year-End And Fourth Quarter Results
PR Newswire Nathan's Famous, Inc.
June 8, 2015 5:00 PM
JERICHO, N.Y., June 8, 2015 /PRNewswire/ -- Nathan's Famous, Inc. (NATH) today reported results for its fiscal year and the fourth quarter that ended March 29, 2015.
For the fifty-two weeks ended March 29, 2015:
Net income increased by 40.5% to $11,703,000 as compared to $8,327,000 for the fifty-two weeks ended March 30, 2014;
Earnings per diluted share increased by 40.9% to $2.55 per share, as compared to $1.81 per share for the fifty-two weeks ended March 30, 2014;
Income from operations increased by 82.7% to $19,958,000, as compared to $10,921,000 during the fifty-two weeks ended March 30, 2014;
Adjusted EBITDA, as subsequently defined, increased by 68.5% to $22,497,000 as compared to $13,350,000 for the fifty-two weeks ended March 30, 2014; and
Revenues increased by 24.3% to $99,112,000, as compared to $79,752,000 during the fifty-two weeks ended March 30, 2014.
For the thirteen weeks ended March 29, 2015:
Net income increased by 26.2% to $1,537,000, as compared to $1,218,000 for the thirteen weeks ended March 30, 2014;
Earnings per diluted share increased by 25.9% to $0.34 per share, as compared to $0.27 per share for the thirteen weeks ended March 30, 2014;
Income from operations increased by 66.5% to $2,967,000, as compared to $1,782,000 during the thirteen weeks ended March 30, 2014;
Adjusted EBITDA, as subsequently defined, increased by 46.7% to $3,561,000 as compared to $2,427,000 for the thirteen weeks ended March 30, 2014; and
Revenues increased by 17.9% to $20,340,000, as compared to $17,259,000 during the thirteen weeks ended March 30, 2014.
On March 10, 2015, Nathan's completed its financing of $135.0 million aggregate principal amount of 10.000% Senior Secured Notes due 2020. Nathan's declared a special cash dividend of $25.00 per share, or approximately $116.1 million to shareholders of record on March 20, 2015.
AZZ incorporated Announces Agreement to Acquire the Galvanizing Business of Trinity Industries
AZZ acquires six hot-dip galvanizing plants; enters into long term strategic supply and service agreement with Trinity Industries for galvanizing services
FORT WORTH, Texas, June 5, 2015 /PRNewswire/ -- AZZ incorporated (AZZ), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services, announced today that it has acquired the assets of U.S. Galvanizing, LLC, a premier provider of steel corrosion coating services, and a wholly-owned subsidiary of Trinity Industries, Inc. (TRN). With the purchase of these assets AZZ Galvanizing Services has increased its network of hot-dip galvanizing plants to 42 sites in the United States and Canada. U.S. Galvanizing, LLC generated revenue of approximately $34 million in sales on a trailing twelve-month basis as of March 31, 2015.
The acquisition of the U.S. Galvanizing, LLC assets includes six galvanizing facilities located in Hurst, Texas; Kennedale, Texas; Big Spring, Texas; San Antonio, Texas; Morgan City, Louisiana; and Kosciusko, Mississippi. Additionally, the transaction includes Texas Welded Wire, a secondary business integrated within U.S. Galvanizing's Hurst, Texas facility. As part of this acquisition, AZZ and Meyer Steel Structures, a leading manufacturer of steel structures for electricity transmission and distribution, and a wholly-owned subsidiary of Trinity Industries, have entered into a long-term supply and service agreement where AZZ will be the primary supplier of hot-dip galvanizing services for Meyer Steel Structures.
The "Street" has AZZ coming in at .73 for the 1st quarter that should be reported on or about June 26, 2015!
All post's welcome!
The "Good Dr's In"!
Sentiment: Strong Buy
The Toro Company Reports Record Second Quarter Results
• Second quarter sales increase 10.9 percent to a record $826.2 million
• Net earnings per share for the quarter up 8.6 percent to a record $1.64
• Favorable spring weather and innovative products help build retail momentum in the quarter
The Toro Company
May 21, 2015 8:30 AM
BLOOMINGTON, Minn.--(BUSINESS WIRE)--
The Toro Company (TTC) today reported net earnings of $93.8 million, or $1.64 per share, on a net sales increase of 10.9 percent to $826.2 million for its 2015 second quarter ended May 1, 2015. In the comparable fiscal 2014 period, the company delivered net earnings of $87.1 million, or $1.51 per share, on net sales of $745 million.
“Good spring weather conditions helped generate robust retail sales during the quarter,” said Michael J. Hoffman, Toro’s chairman and chief executive officer. “Additionally, I’m proud of the dedication of and execution by our strong team that enabled us to deliver our record results. On the residential side of the business, we drove increased sales due to our innovative product line-up, including our new platform of consumer zero-turn riding mowers and new all-wheel drive walk power mower. We also benefited from expanded retail placement for these products. In our professional segment, landscape contractors readied themselves for the spring season by investing in our zero-turn riding and walk behind mowers and newly introduced Toro® and Exmark® branded spreader-sprayer turf management products. Additionally, our recently acquired BOSS® line of snow and ice management products contributed to our second quarter results. Like other companies, however, our earnings were not immune from unfavorable foreign currency rates and also were affected by segment mix.”
Wireless Telecom Group Announces First Quarter 2015 Financial Results Including Revenue of $8.6 Million
Wireless Telecom Group, Inc.
May 13, 2015 8:00 AM
PARSIPPANY, N.J.--(BUSINESS WIRE)--
Wireless Telecom Group, Inc. (NYSE MKT:WTT) announced today results for the first quarter ended March 31, 2015.
For the quarter ended March 31, 2015, the Company reported net sales of $8,628,000, compared to $9,185,000 for the same period in 2014, a decrease of 6%. Net sales in the Network Solutions segment were $5,895,000, compared to $6,390,000 for the same period in 2014, a decrease of 8%. Net sales in the Test and Measurement segment were $2,733,000, compared to $2,795,000 for the same period in 2014, a decrease of 2%.
Non-GAAP normalized EBITDA for the quarter ended March 31, 2015 was $534,000, compared to $1,116,000 for the same period in 2014. Our non-GAAP normalized EBITDA results do not include the Company’s tax provision, depreciation and amortization and stock compensation expense, as well as certain other costs. A reconciliation of net income to non-GAAP normalized EBITDA results is included in an attachment to this press release.
The Company also reported net income of $194,000 or $0.01 per diluted share for the first quarter of 2015, compared to net income of $440,000, or $0.02 per diluted share, for the first quarter of 2014, a decrease of 56%.
Paul Genova, CEO of Wireless Telecom Group, Inc. commented, “The Network Solutions segment experienced softness in order flow for Q1 2015 due to a slow start in capital spending by the North American carriers. We expect this softness to continue in the near term; however, we continue to be encouraged by the need for global investment to satisfy the significant broadband coverage and capacity requirements for DAS systems.
Sentiment: Strong Buy
Stanley Black & Decker Reports 1Q 2015 Results
Stanley Black & Decker
April 23, 2015 6:00 AM
NEW BRITAIN, Conn., April 23, 2015 /PRNewswire/ -- Stanley Black & Decker (SWK) today announced first quarter 2015 financial results.
•1Q'15 Revenues Increased 1% To $2.6 Billion; Robust Organic Growth Of 8% Mostly Offset By 7% Currency Impact
•1Q'15 Operating Margin Expanded 120 Basis Points To 13.3% Despite $50 Million Of Currency Headwinds
•1Q'15 Diluted GAAP EPS Was $1.07 Consistent With 1Q'14 As Strong Operational Performance Was Offset By Higher Planned Restructuring Charges And A Higher Tax Rate
•Executed Actions That Reduced Share Count By Approximately 8 Million Shares During The Quarter
•Reiterating 2015 Full Year GAAP EPS Guidance Range Of $5.65 To $5.85, Up 5% To 9%, Despite $60 To $70 Million ($0.30 To $0.35 Per Share) In New, Incremental Foreign Currency OM Pressure
•Year Over Year Currency-Related EPS Headwinds Included In Full Year Guidance Now Total $1.00 To $1.10 (19% To 20% Of Prior Year EPS)
•2015 Free Cash Flow Still Expected To Be At Least $1.0 Billion
1Q'15 Key Points:
•Net sales for the period were $2.6 billion, up 1% versus prior year, as positive volume (+7%) and price (+1%) were substantially offset by currency (-7%).
•Gross margin rate for the quarter was 37.0%, up 50 basis points from the prior year rate of 36.5% as a result of favorable volume, price, productivity and cost actions which more than offset unfavorable currency.
•SG&A expenses were 23.7% of sales compared to 24.5% in 1Q'14 reflecting volume leverage and cost control.
•Operating margin rate was 13.3% up 120 basis points from 1Q'14, reflecting actions to improve profitability and generate operating leverage which more than offset unfavorable currency.
•Restructuring charges for the quarter were $24.9 million compared to a restructuring credit of $3.7 million in 1Q'14.
Lakes Entertainment Announces Results for First Quarter 2015
Lakes Entertainment, Inc.
May 6, 2015 6:30 AM
Lakes Entertainment, Inc. (LACO) today announced results for the three months ended March 29, 2015.
First Quarter Results
Lakes Entertainment reported first quarter 2015 net revenues of $12.8 million, compared to prior-year first quarter net revenues of $12.3 million. Net revenues were related to the operation of Rocky Gap Casino Resort near Cumberland, Maryland (“Rocky Gap”). The increase in net revenues was primarily related to an increase in gaming revenues during the first quarter of 2015 compared to the first quarter of 2014.
Net losses for the first quarter of 2015 were approximately $1.7 million, compared to net losses of approximately $1.8 million for the first quarter of 2014. Losses from operations were $1.3 million for the first quarter of 2015 compared to losses from operations of $1.6 million for the first quarter of 2014. Basic and diluted losses per share were $0.13 for each of the first quarters of 2015 and 2014.
During the first quarter of 2015, property operating expenses for Rocky Gap were $7.5 million compared to $7.3 million during the first quarter of 2014 and were primarily related to gaming operations, rooms, food and beverage and golf. The increase in property operating expenses resulted primarily from an increase in gaming-related expenses, most notably gaming taxes, due to the increase in gaming related revenue in the current year quarter.
For the first quarter of 2015, selling, general and administrative expenses were $6.1 million compared to $5.7 million during the first quarter of 2014. Included in these amounts were Lakes corporate selling, general and administrative expenses of $2.4 million and $2.0 million during the first quarters of 2015 and 2014, respectively.
Sentiment: Strong Buy
Wynn Resorts, Limited Reports First Quarter 2015 Results
Wynn Resorts, Limited
April 28, 2015 4:05 PM
LAS VEGAS--(BUSINESS WIRE)--
Wynn Resorts, Limited (Nasdaq: WYNN) today reported financial results for the first quarter ended March 31, 2015.
Net revenues for the first quarter of 2015 were $1,092.2 million, compared to $1,513.6 million in the first quarter of 2014. The decline was the result of a 37.7% net revenue decrease from our Macau Operations, partially offset by a 1.6% increase in net revenues from our Las Vegas Operations. Adjusted property EBITDA (1) was $323.0 million for the first quarter of 2015, a 34.7% decrease from $494.6 million in the first quarter of 2014.
On a US GAAP basis, net loss attributable to Wynn Resorts, Limited for the first quarter of 2015 was $44.6 million, or $0.44 per diluted share, compared to net income attributable to Wynn Resorts, Limited of $226.9 million, or $2.22 per diluted share, in the first quarter of 2014.
Adjusted net income attributable to Wynn Resorts, Limited (2) in the first quarter of 2015 was $70.5 million, or $0.70 per diluted share (adjusted EPS), compared to an adjusted net income attributable to Wynn Resorts, Limited of $236.7 million, or $2.32 per diluted share, in the first quarter of 2014.
Wynn Resorts also announced today that the Company has approved a cash dividend of $0.50 per common share, a reduction from its previous quarterly dividend. This dividend will be payable on May 21, 2015, to stockholders of record on May 11, 2015.
In the first quarter of 2015, net revenues were $705.4 million, a 37.7% decrease from the $1,132.7 million generated in the first quarter of 2014. Adjusted property EBITDA in the first quarter of 2015 was $212.3 million, down 44.7% from $384.3 million in the first quarter of 2014 due primarily to weakness in the VIP segment.
Table games turnover in the VIP segment was $1
Sentiment: Strong Buy
7:14 am Colgate-Palmolive reports EPS in-line, revs in-line; sees low-single-digit earnings per share decline on a dollar basis,
The Clorox Company Reports 3 Percent Sales Growth in Q3; Updates Fiscal Year 2015 Outlook for Sales and EPS
The Clorox Company
OAKLAND, CA--(Marketwired - May 1, 2015) - The Clorox Company (NYSE: CLX) today reported sales growth of 3 percent and a decrease of 5 percent diluted net earnings per share (EPS) from continuing operations for its third quarter, which ended March 31, 2015. On a currency-neutral basis, sales grew 5 percent.
"I'm pleased we delivered strong results in the third quarter, allowing us to raise our fiscal year sales outlook and update our EPS outlook," said Chief Executive Officer Benno Dorer. "All U.S. segments contributed to sales growth, and sales for International grew strongly on a currency-neutral basis. Importantly, our continued incremental investments in demand building, including meaningful innovation, are paying off, as we saw the highest market share growth in about four years.
"In addition, the company delivered gross margin expansion in the quarter, demonstrating that we're on track with our strategy to deliver growth profitably through strong cost savings programs and price increases.
"As we look to the remainder of the year and into fiscal 2016, I believe we have the right plans in place to address