The "Street" has Yahoo coming in at ..74 for the quarter that should be reported on or about January 27, 2015! All post's welcome! The "Good Dr's In"!
The "Street" has WETF coming in at .11 for the quarter that should be reported on or about February 06, 2015! All post's welcome! The "Good Dr's In"!
Sentiment: Strong Buy
#$%$ incorporated Issues Revenue and Earnings Guidance for Fiscal Year 2016
January 20, 2015 4:01 PM
FORT WORTH, Texas, Jan. 20, 2015 /PRNewswire/ -- #$%$ incorporated (#$%$), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services, today issued revenue and earnings guidance for fiscal year 2016. Fiscal year 2016 refers to the 12 month period beginning March 1, 2015 and ending on February 29, 2016.
Tom Ferguson, president and chief executive officer of #$%$, said, "Based upon the evaluation of information currently available to management, we are projecting our fiscal 2016 earnings to be within the range of $2.75 and $3.25 per diluted share, and revenues are estimated to be within the range of $875 to $925 million. Our fiscal year 2016 guidance reflects our estimates given the current market conditions, quarterly seasonality, and our plans for organic growth through product innovation, geographic expansion, and leveraging of our sales organization."
Mr. Ferguson continued, "During the course of the past year, we achieved a number of strategic initiatives, and made substantial progress in improving our operational efficiencies and expanding the global markets we serve - setting the stage for sustainable profitability. We look forward to achieving our 29th consecutive year of profitability, as we are firmly committed to focus on continuing to drive operational excellence, cost control, and strong cash flow."
Mr. Ferguson concluded, "Our next, regularly scheduled quarterly conference call will be in April 2015, where we will be reporting the operating results for our fourth quarter and 2015 fiscal year, and will further discuss our fiscal year 2016 guidance."
Sentiment: Strong Buy
Northern Trust Corporation Reports Fourth Quarter Net Income of $244.0 Million, Earnings Per Common Share of $0.98
Full Year Net Income of $811.8 Million, Earnings Per Common Share of $3.32
Northern Trust Corporation
Northern Trust Corporation today reported fourth quarter net income per diluted common share of $0.98, up from $0.70 in the fourth quarter of 2013 and $0.84 in the third quarter of 2014. Net income was $244.0 million, compared to $169.7 million in the prior year quarter and $204.5 million in the prior quarter. Return on average common equity was 11.5%, compared to 8.7% in the prior year quarter and 10.1% in the prior quarter.
The current quarter includes a $9.5 million income tax benefit related to Northern Trust’s decision to reinvest the pre-tax earnings of a foreign subsidiary indefinitely outside the U.S. Excluding the income tax benefit, net income per diluted common share, net income and return on average common equity in the current quarter were $0.94, $234.5 million and 11.0%. The prior year quarter included a $19.2 million pre-tax charge in connection with an agreement to resolve certain litigation. Excluding the legal settlement charge, net income per diluted common share, net income and return on average common equity in the prior year quarter were $0.75, $181.6 million, and 9.3%, respectively.
Net income per diluted common share for the full year was $3.32, compared to $2.99 in 2013. Net income for 2014 totaled $811.8 million, up $80.5 million, or 11%, from the prior year’s $731.3 million.
“Fourth quarter and full year results reflect a continued focus on serving the complex and evolving needs of our clients, while enhancing profitability and returns for our shareholders. Our return on equity improved to 10.0% in 2014 from 9.5% in 2013.
Jewett-Cameron Announces 1st Quarter Financial Results
Jewett-Cameron Trading Company Ltd.
NORTH PLAINS, Ore., Jan. 14, 2015 /PRNewswire/ -- Jewett-Cameron Trading Company Ltd. (JCTCF) today reported financial results for the first quarter of fiscal 2015 ended November 30, 2014.
Sales were $7.98 million for the first quarter of fiscal 2015 compared to sales of $8.01 for the first quarter of fiscal 2014. Income from operations for the quarter was $529,899 compared to $543,924 in the year-ago quarter. Net income was $327,787, or $0.12 per share, for the quarter compared to net income of $332,579, or $0.11 per share, for the first quarter of fiscal 2014. The net income per share was higher for the current quarter due to a lower weighted average number of common shares outstanding as a result of the Company's repurchase of common shares.
"Our markets remained competitive in the first quarter of fiscal 2015, and continued higher raw material prices continue to negatively pressure our profit margins," said CEO Don Boone. "However, the sales initiatives we initiated during fiscal 2014 have been successful in beginning to expand and diversify our customer base."
As of November 30, the Company's cash position was $1.984 million, and currently there is no borrowing against its $1.0 million line of credit. During the first quarter, the Company repurchased and cancelled a total of 118,969 common shares at an average price of $10.86 per share. The Company's most recent share repurchase plan expired on November 14, 2014. The Board of Directors will consider implementing new share repurchase plans in the future as an effective use of the Company's cash position.
About Jewett-Cameron Trading Company Ltd.
Jewett-Cameron Trading Company is a holding company that, through its subsidiaries, operates out of facilities located in North Plains, Oregon.
Sentiment: Strong Buy
WD-40 Company Reports First Quarter 2015 Financial Results
January 7, 2015 4:05 PM
SAN DIEGO, Jan. 7, 2015 /PRNewswire/ -- WD-40 Company (WDFC), a global marketing organization dedicated to creating positive lasting memories by developing and selling products that solve problems in workshops, factories and homes around the world, today reported financial results for its first fiscal quarter ended November 30, 2014.
Financial Highlights and Summary
•Total net sales for the first quarter were $96.4 million, an increase of 1 percent compared to the prior year fiscal quarter.
•Translation of the Company's foreign subsidiary results to U.S. dollars had a favorable impact on sales for the current quarter. On a constant currency basis total net sales were $95.8 million for the first quarter.
•Net income for the first quarter was $10.8 million, a decrease of 6 percent compared to the prior year fiscal quarter.
•Diluted earnings per share were $0.73 in the first quarter, compared to $0.74 per share for the prior year fiscal quarter.
•Gross margin was 51.6 percent in the first quarter compared to 52.0 percent in the prior year fiscal quarter.
•Selling, general and administrative expenses were up 3 percent in the first quarter to $27.4 million when compared to the prior year fiscal quarter.
•Advertising and sales promotion expenses were up 5 percent in the first quarter to $5.9 million compared to prior year fiscal quarter.
"During the quarter we experienced slow but steady growth of our multi-purpose maintenance products," said Garry Ridge, WD-40 Company's president and chief executive officer. "We did experience a decline in sales in our European markets and we've linked that decline to the unfavorable impact of foreign currency exchange rates, particularly the euro and U.S. dollar relative to the pound sterling, as well as the timing of customer orders within that region.
#$%$ incorporated Reports Financial Results for the Third Quarter of Fiscal Year 2015
Reports Third Quarter 2015 EPS of $0.77
Quarterly Sales of $224.8 million, up $27.1 million or 13.7% compared to Third Quarter Fiscal 2014
Backlog finished at $300.3 million, compared to $290.0 million for Third Quarter Fiscal 2014, an increase of 3.6%
Consolidated operating margin of 14.6% compared to 12.8% in Third Quarter Fiscal 2014
Company narrows FY 2015 EPS target range to $2.40 to $2.60 per share and lowers target revenue range of $825 million to $850 million on push-out of certain nuclear projects
FORT WORTH, Texas, Jan. 9, 2015 /PRNewswire/ -- #$%$ incorporated (#$%$), a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services, today announced unaudited financial results for the three month and nine month period ended November 30, 2014. Revenues for the third quarter of fiscal year 2015 were $224.8 million compared to $197.8 million for the same quarter last year, an increase of 13.7 percent. Net income for the third quarter was $20.0 million, or $0.77 per diluted share, compared to net income of $18.4 million, or $0.72 per diluted share, for the same quarter last year.
Earnings during the quarter included a pretax benefit of $0.6 million, or $0.02 per diluted share relating to the net effect of insurance proceeds collected to cover costs related to a fire in #$%$'s Arizona galvanizing facility, driving adjusted earnings of $0.75 per share in Q3 FY15. During Q3 FY14 the company benefitted from one-time items netting to $4.6 million on a pretax basis driving adjusted earnings to $0.59 for the quarter. A reconciliation of reported GAAP earnings to adjusted earnings is included with the financial tables at the end of this release.
Sentiment: Strong Buy
6:08 am #$%$ beats by $0.02, reports revs in-line; guides FY15 EPS in-line, revs in-line (#$%$) : Reports Q3 (Nov) earnings of $0.75 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus Estimate of $0.73; revenues rose 13.7% year/year to $224.8 mln vs the $223.74 mln consensus.
•#$%$'s backlog at the end of the third quarter of fiscal 2015 was $300.3 million, compared to $290.0 million at the end of the third quarter of fiscal 2014.
•Incoming orders for the third quarter of fiscal 2015 were $196.1 million while revenue for the quarter totaled $224.8 million, resulting in a book to ship ratio of 0.87.
•For purposes of comparison, for the third quarter of fiscal 2014 incoming orders were $193.7 million resulting in a book to ship ratio of 0.98 for that period.
Co issues lowers guidance for FY15, sees EPS of $2.40-2.60, excluding non-recurring items, vs. $2.50 Capital IQ Consensus Estimate (previously $2.40-2.80 per share); sees FY15 revs of $825-850 mln vs. $847.54 mln Capital IQ Consensus Estimate (previously $850 million to $900 million).
•Commentary: "In the coming quarters we expect to see continued growth in the power, petrochemical, and industrial markets...We are closely monitoring developments in the oil and gas market, and the nuclear power market where the signals for continued growth are not as apparent. For the remainder of fiscal 2014, we are adjusting our projections due to the push-out of certain large nuclear related projects at our NLI business unit that we believe will now ship in the later part of our next fiscal year. Due to this move, we are narrowing our earnings guidance for the full fiscal year 2015..."
Sentiment: Strong Buy
The Toro Company Reports Record Fiscal 2014 Results
• Fiscal 2014 sales increase 6.4 percent to a record $2.2 billion
• Net earnings per share for the year up 15 percent to a record $3.02
• Quarterly cash dividend increased 25 percent to $0.25 per share
• Company achieves Destination 2014 goals and launches next employee initiative
• BOSS® acquisition closed and integration progressing well
The Toro Company
December 4, 2014 12:10 PM
BLOOMINGTON, Minn.--(BUSINESS WIRE)--
The Toro Company (TTC) today reported net earnings of $173.9 million, or $3.02 per share, on a net sales increase of 6.4 percent to $2.173 billion for its fiscal year ended October 31, 2014. In fiscal 2013, the company delivered net earnings of $154.8 million, or $2.62 per share, on net sales of $2.041 billion.
For the fourth quarter, Toro reported net earnings of $10.9 million, or $0.19 per share, on a net sales increase of 8.3 percent to $414.1 million. In the comparable fiscal 2013 period, the company posted net earnings of $5 million on net sales of $382.4 million.
The company also announced that its board of directors has declared a quarterly cash dividend of $0.25 per share, a 25 percent increase from its previous quarterly dividend rate of $0.20 per share. This dividend is payable on January 12, 2015, to shareholders of record on December 23, 2014.
“Fiscal 2014 was a significant year for The Toro Company for many reasons,” said Michael J. Hoffman, Toro’s chairman and chief executive officer. “We delivered record sales, operating earnings and earnings per share, which enabled us to successfully achieve our Destination 2014 revenue and profitability targets. We celebrated our Centennial and officially launched the company’s second century. We entered into and subsequently closed the largest acquisition in our history with the addition of the BOSS® professional snow and ice management business.
The "Street" has NWL coming in at .51 for the quarter that should be reported on or about January 31, 2015! All post's welcome! The "Good Dr's In"!
Yes it was almost 16 years ago when "it" was put through the test of professionalism. Five Vice chairman's and CEO's later it is fairly well run again.
4:06 pm Sonic beats by $0.02, beats on revs; reaffirms FY15 outlook (SONC) : Reports Q1 (Nov) earnings of $0.18 per share, $0.02 better than the Capital IQ Consensus Estimate of $0.16; revenues rose 10.4% year/year to $139.9 mln vs the $133.45 mln consensus.
•System same-store sales increased 3.5% (in-line with estimates), consisting of a 3.5% same-store sales increase at both franchise and company drive-ins
•Company drive-in margins improved by 90 basis points
•While the macroeconomic environment may impact results, the co expects its initiatives to drive earnings per share growth in fiscal 2015 at the high end or slightly above its long-term 14% to 20% EPS growth target (vs. +18-20% previously)
•Reaffirms positive same-store sales in the low single digit range for the system;
•Reaffrms drive-in-level margin improvement of between 50 to 100 basis points, depending upon the degree of same-store sales growth at company drive-ins and commodity cost inflation
Sonic Achieves Strong First Quarter Results
Same-Store Sales Increase 8.5%
OKLAHOMA CITY--(BUSINESS WIRE)--
Sonic Corp. (SONC), the nation’s largest chain of drive-in restaurants, today announced results for the first fiscal quarter ended November 30, 2014.
Key highlights of the company’s first quarter of fiscal year 2015 included:
• Net income per diluted share was $0.18 compared with net income per diluted share of $0.14 in the prior-year period; excluding items outlined below, net income per diluted share was $0.13 in the first fiscal quarter of 2014, resulting in a 38% increase on an adjusted basis;
• System same-store sales increased 8.5%, consisting of an 8.5% same-store sales increase at franchise drive-ins and an increase of 7.9% at company drive-ins;
• Company drive-in margins improved by 70 basis points versus the first quarter of fiscal year 2014;
• 13 new drive-ins opened; and
• The company repurchased approximately $20 million of stock and paid its first-ever quarterly dividend of $0.09 per share.
“We are extremely pleased with our performance in the first quarter and believe that our focus on innovative products, increased media effectiveness and a layered day-part promotional strategy were instrumental to our continued success,” said Cliff Hudson, Sonic Corp. CEO. “Our business momentum remains strong as improvements in core menu items combined with limited-time-offer promotions are driving our same-store sales growth. Further, we expect our technology initiatives will provide an additional layer of growth to build sales and profits over the next several years.
“Our focus continues to be on our multi-layered growth strategy, which is comprised of initiatives to drive same-store sales growth, improve margins, increase royalty revenues, new drive-in development and deployment of free cash flow1.
KKR sells remaining stake in Alliance Boots
December 31, 2014 7:37 AM
NEW YORK & LONDON--(BUSINESS WIRE)--
KKR today announced the sale of its remaining stake in Alliance Boots to Walgreens Boots Alliance, Inc., the new holding company of Walgreen & Co., following the exercise by Walgreens of the call option to acquire the remaining 55% of Alliance Boots as the second step of the overall transaction. In August 2012, Walgreens acquired 45% of Alliance Boots in the first step of the overall transaction.
Dominic Murphy, Member, Head of KKR operations in the United Kingdom commented: “The investment in Alliance Boots adds to our track record of partnering with European entrepreneurs to build global companies and industry leaders. Since Alliance Boots was taken private in 2007, a strong investment program has led to a transformation of the company, both at the retail and distribution side, and to a strong international expansion across Europe, the Middle East and Asia. In 2012, we created, together with Walgreens, the world’s largest pharmacy-led health and wellbeing enterprise. Since then, Alliance Boots and Walgreens have made strong progress in executing on all synergies and plans, allowing the announcement today of the full combination.””
Stefano Pessina, who will become acting CEO of Walgreens Boots Alliance, commented: “I have often said that KKR couldn’t have been a better partner for me and Alliance Boots. They shared and supported my long-term vision of creating a global industry leader, with an ownership culture which encourages profitable growth, innovation and entrepreneurship. KKR has backed me every step of the way towards creating a global enterprise.”
Walgreens Boots Alliance spans more than 25 countries, with over 12,800 stores, over 370,000 employees and more than 340 pharmaceutical distribution centers serving more than 180,000 pharmacies
Sentiment: Strong Buy
The "Street" has WDFC coming in at .83 for the quarter that should be reported on or about January 09, 2015! All post's welcome! The "Good Dr's In"!
The "Street" has SONC coming in at .17 for the Quarter that should be reported on or about January 06, 2015! All post's welcome! The "Good Dr's In"!
Sonic to Release First Quarter 2014 Financial Results on January 6, 2015
December 17, 2014 4:00 PM
Sonic Corp. Watchlist
NASDAQWed, Dec 31, 2014 4:00 PM EST
5 Best Restaurant Stocks Poised to Benefit From Lower Oil Prices in 2015
TheStreet q 1 day 19 hrs ago
SONIC CORP Files SEC form 8-K, Change in Directors or Principal Officers
EDGAR Online 8 days ago
OKLAHOMA CITY--(BUSINESS WIRE)--
Sonic Corp. (SONC), the nation's largest chain of drive-in restaurants, today announced that it will release results for the quarter ended November 30, 2014 after the market close on January 6, 2015. The company will host a conference call to review financial results on Tuesday, January 6, 2015, at 5:00 PM ET.
The conference call can be accessed live over the phone by dialing (877) 591-4959 or (719) 325-4849 for international callers. A replay will be available one hour after the call and can be accessed by dialing (877) 870-5176 or (858) 384-5517 for international callers; the conference ID is 3996383. The replay will be available until Tuesday, January 13, 2015. An online replay of the conference call will be available approximately two hours after the conclusion of the live broadcast. A link to this event will be available on the investor section of the company's website, www.sonicdrivein.com.
About Sonic SONIC®, America's Drive-In®, is the nation's largest chain of drive-in restaurants with more than 3,500 drive-ins serving approximately 3 million customers every day. Over the past 60 years, SONIC has delighted guests with signature menu items, more than 1 million drink combinations, friendly service by iconic Carhops and ongoing support of education through its award-winning Limeades for Learning® program.
The "Street" has #$%$ coming in at .76 for the quarter that should be reported on or about January 09, 2015!
All post's welcome!
The "Good Dr's In"!
Sentiment: Strong Buy