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drmicrocaps 101 posts  |  Last Activity: Apr 21, 2014 10:30 PM Member since: Jan 19, 2011
  • Utah Medical Products, Inc. Reports Financial Performance for Fourth Quarter and Year 2013
    GlobeNewswire Utah Medical Products, Inc.
    14 hours ago
    SALT LAKE CITY, Jan. 30, 2014 (GLOBE NEWSWIRE) -- Utah Medical Products, Inc. (UTMD) concluded another excellent financial year in 2013 under difficult conditions. The results according to Generally Accepted Accounting Principles in the U.S. (US GAAP) are clouded somewhat by a favorable adjustment to UTMD's tax provision, as explained below.

    In the fourth calendar quarter (4Q) 2013 and year of 2013, UTMD's changes in U.S. GAAP financial results compared to the same time period in the prior calendar year were as follows:

    4Q Year

    (October -- December) (January -- December)
    Sales: +3% (3%)
    Gross Profit: -- (4%)
    Operating Income: -- (2%)
    Net Income: +54% +12%
    Earnings Per Share: +51% +10%
    US GAAP earnings per share (EPS) for the 2013 calendar year were $3.02. Year 2012 EPS were $2.74.

    Excluding the noncash effects of depreciation, amortization of intangible assets and non-cash stock option expense and asset impairment expense, 2013 consolidated earnings before taxes plus interest expense were $18,136 compared to $18,703 in 2012. Currency amounts in this report are in thousands, except per share amounts and where noted.

    As shareholders likely remember, in March 2011 UTMD acquired 100% of the stock of Femcare Holdings Limited in the UK, and its subsidiaries. Included in the purchase price were identifiable intangible assets (IIA) of $38.8 million, almost all of which are being amortized over a fifteen year useful life in operating expenses. This approximately $2.5 million per year amortization expense reduces the income statement tax provision, but is not deductible on the tax return.

    Sentiment: Hold

  • Reply to

    Question About WYNMY and WYNMF

    by cidenver Dec 30, 2013 7:43 PM
    drmicrocaps drmicrocaps Jan 30, 2014 10:31 PM Flag

    Both are ADRS just a different Class of Common stock.

    Sentiment: Hold

  • Reply to

    4th Quarter and year end results

    by drmicrocaps Feb 3, 2013 9:15 PM
    drmicrocaps drmicrocaps Jan 30, 2014 9:47 PM Flag

    Wynn Macau Earnings Beat Estimates on Margin Improvement
    By Vinicy Chan Jan 30, 2014 1:21 PM PT 0 Comments Email Print
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    Wynn Macau Ltd. (1128) profit rose 32 percent in the fourth quarter as billionaire Steve Wynn’s casino operator raised margins by attracting more premium mass-market gamblers.

    Adjusted property earnings before interest, taxes, depreciation and amortization, or Ebitda, rose to $374.2 million from $283.2 million a year earlier, according to a statement by parent company Wynn Resorts Ltd. (WYNN) dated Jan. 30. That surpassed the $343.3 million average of 10 analyst estimates compiled by Bloomberg. Net revenue jumped 25 percent to $1.12 billion.

    Wynn Macau “gained mass market share as it converted 12 to 13 VIP gaming tables to mass in mid-October,” Karen Tang, a Hong Kong-based analyst at Deutsche Bank AG, wrote in a research note published Jan. 27.

    Bigger rivals including Sands China Ltd. (1928) and Galaxy Entertainment Group Ltd. (27) have been adding shops, restaurants and entertainment shows to lure the mass and premium mass market gamblers who bet in cash and provide fatter margins because they don’t rely on junket operators to bring them to Macau.

    Wynn’s premium-mass segment could grow further in 2014 after the company renovates the Wynn Hotel tower, Praveen Choudhary, a Hong Kong-based Morgan Stanley analyst, wrote in a research note dated Jan. 7.


    Photographer: Lam Yik Fei/Bloomberg
    Vehicles drive past the Wynn Macau casino resort, operated by Wynn Resorts Ltd., in Macau, China.
    Junket Operators

    Casino revenue in Macau, the only place in China where casinos are legal, jumped 19 percent to $45 billion last year, with about two-thirds of the revenue coming from high-stake bettors from mainland China whose gambling trips are arranged by junket operators.

    Sentiment: Buy

  • Reply to

    "Whipser Number"

    by drmicrocaps Oct 19, 2013 12:43 PM
    drmicrocaps drmicrocaps Jan 30, 2014 9:37 PM Flag

    Wynn Resorts Earnings Beat Estimates as Macau Revenue Surges
    By Christopher Palmeri Jan 30, 2014 4:44 PM PT 0 Comments Email Print
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    * Price chart for WYNN RESORTS LTD. Click flags for important stories.
    WYNN:US201.517.64 3.94%
    Wynn Resorts Ltd. (WYNN), the casino company controlled by billionaire Steve Wynn, reported fourth-quarter earnings that beat analysts’ estimates as revenue in Macau surged. The shares rose in extended trading.

    Profit increased to $2.27 a share, excluding items, compared with the $1.75 average of 22 analysts’ estimates compiled by Bloomberg. Revenue gained 18 percent to $1.52 billion, the Las Vegas-based company said in a statement today. Analysts on average had projected $1.44 billion.

    “Results were primarily driven by strong mass market revenues in Macau, which we view favorably, given that it is a more stable and higher-margin business,” said John Kempf, an RBC Capital Markets LLC analyst in a research note today.

    Sales in Macau, Wynn Resorts’ biggest market, rose 25 percent to $1.12 billion in the quarter. Gambling industry revenue in the enclave, the only part of China where casinos are legal, increased 24 percent in the fourth quarter to $12.5 billion, according to the Gaming Inspection and Coordination Bureau there.

    The company’s Las Vegas business posted a 2.4 percent gain in revenue to $400 million. It benefited from higher room rates and an increase in convention business, Wynn said on a conference call today. Results in that market in 2014 would be equal or better, he said.

    ‘Very Satisfying’

    Net income rose to $213.9 million, or $2.10 a share, from $111.4 million, or $1.10, a year earlier.

    “The numbers speak for themselves,” Wynn, 72, said. “For two hotels to have cash flow of $1.8 billion and change is very satisfying.”

    Sentiment: Hold

  • drmicrocaps by drmicrocaps Jan 30, 2014 9:34 PM Flag

    The "Street has WTT coming in at .046 for the 4th quarter that should be reported on or about March 30, 2014! All post's welcome! The "Good Dr's In"!

    Sentiment: Hold

  • drmicrocaps by drmicrocaps Jan 30, 2014 8:00 PM Flag

    Wynn Palace Project in Macau

    The Company is currently constructing Wynn Palace, a full-scale integrated resort containing a 1,700-room hotel, performance lake, meeting space, casino, spa, retail offerings, and food and beverage outlets on Cotai in Macau. In July 2013, we signed a $2.6 billion guaranteed maximum price (GMP) contract for the project’s construction. The total project budget, including construction costs, capitalized interest, pre-opening expenses, land costs and financing fees, is $4.0 billion. We expect to open our resort on Cotai in the first half of 2016.

    During the fourth quarter of 2013, we invested approximately $184.9 million in our Cotai project, taking the total investment to date to $704 million.

    Sentiment: Hold

  • Reply to

    Bullish Article?

    by drmicrocaps Apr 30, 2011 4:32 PM
    drmicrocaps drmicrocaps Jan 30, 2014 7:47 PM Flag

    Wynn Palace Project in Macau

    The Company is currently constructing Wynn Palace, a full-scale integrated resort containing a 1,700-room hotel, performance lake, meeting space, casino, spa, retail offerings, and food and beverage outlets on Cotai in Macau. In July 2013, we signed a $2.6 billion guaranteed maximum price (GMP) contract for the project’s construction. The total project budget, including construction costs, capitalized interest, pre-opening expenses, land costs and financing fees, is $4.0 billion. We expect to open our resort on Cotai in the first half of 2016.

    During the fourth quarter of 2013, we invested approximately $184.9 million in our Cotai project, taking the total investment to date to $704 million.

    Sentiment: Buy

  • Reply to

    4th Quarter and year-end results

    by drmicrocaps Jan 31, 2013 5:10 PM
    drmicrocaps drmicrocaps Jan 30, 2014 6:42 PM Flag

    Wynn Resorts, Limited Reports Fourth Quarter and Year End 2013 Results
    Business Wire Wynn Resorts, Limited
    2 hours ago
    LAS VEGAS--(BUSINESS WIRE)--

    Wynn Resorts, Limited (WYNN) today reported financial results for the fourth quarter and year ended December 31, 2013.

    Net revenues for the fourth quarter of 2013 were $1,519.9 million, compared to $1,289.1 million in the fourth quarter of 2012. The growth was driven by a 24.6% revenue increase from our Macau operations and 2.4% higher net revenues from our Las Vegas operations. Adjusted property EBITDA (1) was $498.4 million for the fourth quarter of 2013, a 25.1% increase from $398.5 million in the fourth quarter of 2012.

    For the full year, net revenues were $5,620.9 million in 2013, up 9.1% from $5,154.3 million in 2012. Adjusted property EBITDA grew 14.9% to reach an annual record of $1,810.8 million in 2013, a result of record annual performances at both Wynn Macau and Wynn Las Vegas. For 2013, adjusted property EBITDA at Wynn Macau rose 13.4% to $1,324.1 million and increased 19.1% to $486.7 million at Wynn Las Vegas.

    On a US GAAP basis, net income attributable to Wynn Resorts for the fourth quarter of 2013 was $213.9 million, or $2.10 per diluted share, compared to a net income attributable to Wynn Resorts of $111.4 million, or $1.10 per diluted share, in the fourth quarter of 2012. Such figures for the full year were $728.7 million, or $7.17 per diluted share, in 2013 and $502.0 million, or $4.82 per diluted share, in 2012.

    Adjusted net income attributable to Wynn Resorts (2) in the fourth quarter of 2013 was $231.2 million, or $2.27 per diluted share (adjusted EPS), compared to an adjusted net income attributable to Wynn Resorts of $118.2 million, or $1.17 per diluted share, in the fourth quarter of 2012. For the full year, adjusted net income attributable to Wynn Resorts rose significantly in 2013 to $776.8 million, or $7.64 per diluted share.

    Sentiment: Hold

  • drmicrocaps by drmicrocaps Jan 29, 2014 11:30 PM Flag

    The "Street has WYNN coming in at 1.76 for the 4th quarter that should be reported on or about January 30, 2014! All post's welcome! The "Good Dr's In"!

    Sentiment: Buy

  • Reply to

    "Whipser Number"

    by drmicrocaps Oct 19, 2013 12:43 PM
    drmicrocaps drmicrocaps Jan 29, 2014 9:59 PM Flag

    he "Street has WYNN coming in at 1.76 for the 4th quarter that should be reported on or about January 30, 2014! All post's welcome! The "Good Dr's In"!

    Sentiment: Hold

  • Wynn Resorts Announces Fourth Quarter Earnings Release Date
    Business Wire Wynn Resorts, Limited
    January 28, 2014 4:05 PM

    LAS VEGAS--(BUSINESS WIRE)--

    Wynn Resorts, Limited (WYNN) announced today that it will release the Company’s financial results for the fourth quarter and year ended December 31, 2013 after the market close on Thursday, January 30, 2014, followed by a conference call at 1:30 p.m. PT (4:30 p.m. ET).

    The call will be broadcast live at “Company Information” section. Interested parties may also dial (855) 415-3151 or, for international callers, (706) 643-0974. The conference call ID is 36406973.

    A replay of the call will be available through February 13, 2014 by dialing (855) 859-2056 or, for international callers, (404) 537-3406. The replay access code is 36406973.

    Contact:
    Wynn Resorts, Limited
    Lewis Fanger, 702-770-7555
    Vice President

    Sentiment: Hold

  • Reply to

    4th Quarter and year-end Reults

    by drmicrocaps Feb 3, 2011 12:50 AM
    drmicrocaps drmicrocaps Jan 29, 2014 9:29 AM Flag

    Tupperware Brands Reports Record Fourth Quarter and Full Year Results; Raises Quarterly Dividend 10%
    -- Fourth quarter sales up 1% in U.S. dollars and 5% local currency+ versus last year.
    -- GAAP diluted E.P.S. $1.74, versus $1.34 last year. Adjusted*, diluted E.P.S. $1.81, up 12% in local currency.
    -- Full year cash flow before investing activities $263 million, up 13% versus last year.
    -- Share repurchases of $75 million / 832 thousand shares.
    -- Board of Directors declares a 10% higher quarterly dividend of 68 cents per share, $2.72 annual run rate.
    PR Newswire Tupperware Brands Corporation
    2 hours ago
    ORLANDO, Fla., Jan. 29, 2014 /PRNewswire/ -- (TUP) Tupperware Brands Corporation today announced record fourth quarter and full year 2013 operating results.

    Rick Goings, Chairman and CEO, commented, "We continued to deliver steady top line growth in the quarter. Focusing on our sales force remains our top priority, as increasing its size is key to delivering consistent growth in our business. We had a meaningful sequential increase in total sellers in the quarter, closing the year with 2.9 million worldwide, a 4% increase over the end of 2012. Worldwide, our local management teams have the expertise to drive strategic initiatives in their business units in order to motivate our sales force, and we achieved a sequential improvement as well in the active seller comparison in the quarter. Even with challenging environmental conditions and macro-economic factors in several of our emerging markets, as a group, these markets delivered solid sales growth in local currency, being up 12% over last year. An integral part of our "And" story, our established markets, while down in total, improved sequentially versus the prior quarter, and several of these markets reported growth as key strategies caught hold."

    Goings continued, "As we look to 2014, we remain focused on providing a good return to our investors

    Sentiment: Hold

  • Reply to

    4th Quarter and Year-end results

    by drmicrocaps Feb 4, 2013 2:15 PM
    drmicrocaps drmicrocaps Jan 28, 2014 6:12 PM Flag

    Yahoo Reports Fourth Quarter and Full Year 2013 Results
    Business Wire Yahoo! Inc.
    1 hour ago
    SUNNYVALE, Calif.--(BUSINESS WIRE)--

    Yahoo! Inc. (YHOO) today reported results for the fourth quarter and full year ended December 31, 2013.

    Q4 2012 Q4 2013
    Percent
    Change
    GAAP revenue $1,346 million $1,266 million
    (6)%
    Revenue ex-TAC $1,221 million $1,200 million (2)%
    GAAP income from operations $190 million $174 million (8)%
    Non-GAAP income from operations $340 million $330 million (3)%
    GAAP net earnings per diluted share $0.23 $0.33 40%
    Non-GAAP net earnings per diluted share $0.35 $0.46 31%

    Full Year 2012
    Full Year 2013
    Percent
    Change
    GAAP revenue
    $4,987 million
    $4,680 million
    (6)%
    Revenue ex-TAC
    $4,468 million
    $4,426 million
    (1)%
    GAAP income from operations
    $566 million
    $590 million
    4%
    Non-GAAP income from operations
    $1,049 million
    $935 million
    (11)%
    GAAP net earnings per diluted share
    $3.28
    $1.26
    (62)%
    Non-GAAP net earnings per diluted share
    $1.31
    $1.52
    16%

    "I'm encouraged by Yahoo's performance in Q4 and 2013 overall. We saw continued stability in the business, and our investments allowed us to bring beautiful products to our users and establish a strong foundation for revenue growth," said Yahoo CEO Marissa Mayer. "In Q4, we launched the new Yahoo Mail, Yahoo Finance, and our new Flickr photo books, while quickening our pace of experimentation. We are extremely heartened by the year-over-year traffic increase we experienced in 2013, an early sign of return on our investments and the acquisitions we’ve made."

    GAAP revenue was $1,266 million for the fourth quarter of 2013, a 6 percent decrease from the fourth quarter of 2012. Revenue excluding traffic acquisition costs (“revenue ex-TAC”) was $1,200 million for the fourth quarter of 2013, a 2 percent decrease compared to the fourth quarter of 2012. GAAP revenue was $4,680 million for the full year of 2013, a 6 percent decrease compared to the prior year.

    Sentiment: Hold

  • Reply to

    "Whisper Number"

    by drmicrocaps Oct 23, 2012 2:47 PM
    drmicrocaps drmicrocaps Jan 28, 2014 5:59 PM Flag

    Newell Rubbermaid (NWL) Likely to Beat Earnings?
    Zacks By Zacks Equity Research
    8 hours ago

    We expect Newell Rubbermaid Inc. (NWL), the producer of Sharpie pens and Rubbermaid containers, to beat expectations when it reports fourth-quarter 2013 results before the market opens on Jan 31.

    Why a Likely Positive Surprise?

    Our proven model shows that Newell Rubbermaid may beat earnings because it has the right combination of 2 key components.

    Positive Zacks ESP: Newell Rubbermaid currently has an Earnings ESP of +2.17%. This is because the Most Accurate estimate stands at 47 cents per share, while the Zacks Consensus Estimate is pegged at 46 cents.

    Zacks #3 Rank (Hold): Note that stocks with a Zacks Rank #1, 2 and 3 have a higher chance of beating earnings. The Sell rated stocks (#4 and 5) should never be considered going into an earnings announcement.

    The combination of Newell Rubbermaid’s Zacks Rank #3 (Hold) and Earnings ESP of +2.17% makes us confident of a positive earnings beat on Jan 31.

    What is Driving Better-than-Expected Earnings?

    Newell Rubbermaid is one of the leading manufacturers of home and office products in the U.S. The company continues to progress well with its ‘Growth Game Plan’ strategy announced in Oct 2012, under which it has sold its hardware and Teach Platform businesses. Under the ‘Growth Game Plan’ strategy, the company intends to lay off approximately 10% of the workforce, build a new organizational model as well as leadership team. We believe that the overall growth plan will help Newell Rubbermaid reduce the complexities of the organization, boost customer services and sourcing functions as well as increase investments in the core business areas.

    Further, we believe that Newell’s Project Renewal program will help reduce operating costs and the complexities of the organization, while increasing investments in the most important growth areas within the business.

    Newell has topped the Zacks Consensus Estimate for the past several yea

    Sentiment: Buy

  • Reply to

    News

    by drmicrocaps Jun 30, 2013 10:42 AM
    drmicrocaps drmicrocaps Jan 28, 2014 12:49 AM Flag

    Acorn TV's Record-Breaking Year With Exclusive North American Premieres of Hit British Mysteries and Dramas
    GlobeNewswire RLJ Entertainment, Inc.
    January 22, 2014 11:00 AM
    'Best British TV' Streaming Service Triples Subscribers and Grows 475% in Weekly Views

    On Track for Groundbreaking 2014 With Even More Exclusive Premieres and Availability on Additional Platforms

    SILVER SPRING, Md., Jan. 22, 2014 (GLOBE NEWSWIRE) -- With the growing excitement surrounding British television and its reputation for brilliant casts, sumptuous costumes and well-written storylines, Acorn TV, the first streaming service focused on the best of British TV in North America, achieves a record-breaking year. Acorn TV, RLJ Entertainment's (RLJE) first proprietary digital channel, tripled its subscribers, reached nearly four million website visits in just the last six months, has grown 475% in weekly views. The North American premiere of smash hit UK series Doc Martin, Series 6, among others exclusives, and its growing marketing outreach for its popular Roku and online channels were instrumental in Acorn TV's success in 2013. 2014 is looking to be another record year with more exclusive premieres, including episodes from the final series of Agatha Christie's Poirot; and increased availability on additional devices.

    In fall 2013, the exclusive premiere of Doc Martin, Series 6 set a new record for Acorn TV with more than a quarter of a million views during its initial eight-week debut. Doc Martin is one of the biggest success stories on public television in recent years, and, in the U.K., it's among ITV's highest-rated dramas with more than 10 million viewers. Additionally in 2013, Acorn TV introduced North American viewers to a diverse assortment of exclusive premieres, including Australian noir Jack Irish starring Guy Pearce; archaeological reality series Time Team, UK hit series Vera starring two-time Oscar nominee Brenda Blethyn;

    Sentiment: Buy

  • Reply to

    News

    by drmicrocaps Sep 27, 2013 10:27 PM
    drmicrocaps drmicrocaps Jan 27, 2014 10:32 PM Flag

    KKR to invest in Sedgwick
    PR Newswire Sedgwick Claims Management Services, Inc.
    15 hours ago

    MEMPHIS, Tenn., Jan. 27, 2014 /PRNewswire/ -- Sedgwick Claims Management Services, Inc., a leading provider of technology-enabled claims and productivity management solutions, announced today that KKR, together with management, have signed an agreement to acquire majority ownership of Sedgwick for approximately $2.4 billion from its current group of investors, which includes Hellman & Friedman LLC and Stone Point Capital LLC.

    "We couldn't ask for a better partner in the next stage of Sedgwick's evolution," said David A. North, president and CEO of Sedgwick. "KKR has an exceptional record of investing in financial services companies and will be a valuable strategic resource for our organization. We share a commitment to continued innovation in the claims and productivity management industry. My colleagues and I look forward to collaborating with KKR as we develop solutions for the changing needs of our clients."

    "This is a critical time for employers as they adjust to an evolving health care delivery model, the shifting demographics of the workforce and a multitude of additional challenges," said Tagar Olson, Member of KKR and head of its financial services investment practice. "Sedgwick has an exceptional management team, a strong track record of innovation and the technology-driven solutions to address these challenges. We believe our partnership will enable them to maintain and enhance their leadership position in the industry."

    On an annual basis, Sedgwick handles more than 2.1 million claims and has fiduciary responsibility for claim payments totaling more than $11 billion.

    The transaction is expected to close during the first quarter of 2014, subject to customary conditions and regulatory approvals.

    Sentiment: Strong Buy

  • Reply to

    Thoughts on earnings coming up?

    by grayson9799 Jan 24, 2014 12:18 PM
    drmicrocaps drmicrocaps Jan 27, 2014 7:11 PM Flag

    See "Whisper Number"!

    Sentiment: Hold

  • Reply to

    1st Quarter results

    by drmicrocaps Feb 24, 2012 3:07 AM
    drmicrocaps drmicrocaps Jan 27, 2014 6:47 PM Flag

    Apple Reports First Quarter Results
    iPhone and iPad Sales Drive Record Revenue and Operating Profit
    Business Wire Apple Inc.
    1 hour ago
    CUPERTINO, Calif.--(BUSINESS WIRE)--

    Apple® today announced financial results for its fiscal 2014 first quarter ended December 28, 2013. The Company posted record quarterly revenue of $57.6 billion and quarterly net profit of $13.1 billion, or $14.50 per diluted share. These results compare to revenue of $54.5 billion and net profit of $13.1 billion, or $13.81 per diluted share, in the year-ago quarter. Gross margin was 37.9 percent compared to 38.6 percent in the year-ago quarter. International sales accounted for 63 percent of the quarter’s revenue.

    The Company sold 51 million iPhones, an all-time quarterly record, compared to 47.8 million in the year-ago quarter. Apple also sold 26 million iPads during the quarter, also an all-time quarterly record, compared to 22.9 million in the year-ago quarter. The Company sold 4.8 million Macs, compared to 4.1 million in the year-ago quarter.

    Apple’s Board of Directors has declared a cash dividend of $3.05 per share of the Company’s common stock. The dividend is payable on February 13, 2014, to shareholders of record as of the close of business on February 10, 2014.

    “We are really happy with our record iPhone and iPad sales, the strong performance of our Mac products and the continued growth of iTunes, Software and Services,” said Tim Cook, Apple’s CEO. “We love having the most satisfied, loyal and engaged customers, and are continuing to invest heavily in our future to make their experiences with our products and services even better.”

    “We generated $22.7 billion in cash flow from operations and returned an additional $7.7 billion in cash to shareholders through dividends and share repurchases during the December quarter, bringing cumulative payments under our capital return program to over $43 billion,” said Peter Oppenheimer, Apple’s CFO.

    Sentiment: Strong Buy

  • Reply to

    4th Quarter and year end results

    by drmicrocaps Jan 26, 2012 4:57 AM
    drmicrocaps drmicrocaps Jan 24, 2014 8:23 PM Flag

    Northern Trust Corporation Reports Fourth Quarter Net Income of $169.7 Million, Earnings Per Common Share of $0.70.
    Full Year Net Income of $731.3 Million, Earnings Per Common Share of $2.99.
    Business Wire Northern Trust Corporation
    January 22, 2014 7:35 AM
    CHICAGO--(BUSINESS WIRE)--

    Northern Trust Corporation today reported fourth quarter net income per diluted common share of $0.70, up from $0.69 in the fourth quarter of 2012 and down from $0.84 in the third quarter of 2013. Net income was $169.7 million in the current quarter, up 1% from $167.7 million in the prior year fourth quarter, and down 18% from $206.5 million in the prior quarter. Return on average common equity was 8.7% in the current quarter, compared to 8.8% in the prior year quarter and 10.6% in the prior quarter.

    The current quarter includes a $19.2 million pre-tax charge ($11.9 million after tax, or $0.05 per common share) in connection with an agreement to resolve certain long-standing class action litigation. Excluding the charge, fourth quarter results would have reflected net income per common share of $0.75, net income of $181.6 million, and return on average common equity of 9.3%. The prior quarter included a $32.6 million pre-tax gain ($20.3 million after tax, or $0.08 per common share) on the sale of an office building property. Excluding the gain, the prior quarter results would have reflected net income per common share of $0.76, net income of $186.2 million, and return on average common equity of 9.6%.

    Reported net income per common share for the full year was $2.99, compared to the prior years $2.81 per common share. Net income for 2013 totaled $731.3 million, up $44.0 million, or 6%, from the prior years $687.3 million.

    Frederick H. Waddell, Chairman and Chief Executive Officer, commented, Our fourth quarter and full year results reflect continued focus on serving our clients and improving the profitability and returns of our business. Our return on equity improved to 9.5% in 2013

    Sentiment: Hold

  • Reply to

    4th Quarter and Year-End results

    by drmicrocaps Feb 12, 2012 2:31 PM
    drmicrocaps drmicrocaps Jan 24, 2014 9:15 AM Flag

    Stanley Black & Decker Reports 4Q and Full Year 2013 Results
    Business Wire Stanley Black & Decker
    2 hours ago
    NEW BRITAIN, Conn.--(BUSINESS WIRE)--

    Stanley Black & Decker ( SWK ) today announced fourth quarter and full year 2013 financial results.

    4Q13 Revenues Increased 9% To $2.9 Billion; Organic Growth Reached 4% As Organic Growth Initiatives Contributed 2 Points
    4Q13 Diluted GAAP EPS Was $0.41; Excluding Charges, 4Q13 Diluted EPS Was $1.32
    Full Year Revenues Increased 8% To $11.0 Billion; Organic Growth Was 3%
    Full Year Diluted GAAP EPS Was $3.26; Excluding Charges, Full Year Diluted EPS Was $4.98
    Full Year 2013 Free Cash Flow Of $502 Million; $854 Million Excluding Charges & Payments; Working Capital Turns Reached 8.0
    4Q13 Key Points:

    Net sales were $2.9 billion, up 9% versus prior year, attributable to volume (+4%) and acquisitions (+6%), partially offset by currency (-1%); price was flat for the quarter.
    The gross margin rate for the quarter was 35.5%. Excluding charges, the gross margin rate was 35.6%, down slightly from the prior year rate of 36.0%, as the favorable impact of volume, productivity and cost synergies was more than offset by emerging market currency pressures and lower Security margins.
    SG&A expenses were 24.2% of sales. Excluding charges, SG&A expenses were 22.6% of sales, relatively unchanged from the 4Q12 level of 22.5%.
    Operating margin was 11.3% of sales. Excluding charges, operating margin was 13.0% of sales, down 50 basis points from prior year.
    The tax rate was a benefit of 20.6%. Excluding charges, the rate was 22.1%, in line with expectations.
    Working capital turns for the quarter were 8.0, up 0.4 turns from 4Q12. Free cash flow was $698 million, excluding $69 million of charges and payments.
    Stanley Black & Deckers Chairman and CEO, John F. Lundgren, commented,

    Sentiment: Hold

EGT
0.8699+0.0110(+1.28%)Apr 22 3:53 PMEDT

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