New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 26, 2014
12:26 EDTSHW, RPM, FUL, VALH.B. Fuller falls after cutting full year profit outlook
Shares of H.B. Fuller (FUL), which manufactures adhesives, sealants and other specialty chemical products, are falling after the company cut its fiscal 2014 earnings per share outlook. WHAT'S NEW: Last night, H.B. Fuller reported second quarter adjusted EPS of 78c and revenue of $544M, compared to analysts' consensus estimates of 78c and $545.18M, respectively. WHAT'S NOTABLE: The company cut its FY14 EPS view to $2.80-$2.95 from $3.00-$3.15, versus consensus of $3.07. It said the downward revision reflects the expected delay in realizing margin improvement following the completion of the business integration project in Europe. The company is also adjusting its guidance for core income tax rate, which excludes discrete items, to 29% for the full year, down from its previous guidance of 30%. On its earnings conference call, H.B. Fuller said FY14 revenue growth was expected to be at the low end of its long-term range, compared to consensus of $2.14B. It also said margin expansion will be delayed this year. Management said Q2 ended with "good momentum" that should carry the company through the rest of the year. They now expect to exit the year slightly behind their 14% EBITDA margin target, and anticipate that all project one related impacts that the company experienced will be resolved. They expect inventory balance to return to more normal levels by the end of this fiscal year, and CapEx levels are expected to drop in the second half. PRICE ACTION: In early afternoon trading, H.B. Fuller fell $3.07, or about 6.1%, to $47.18 on heavy trading volume. Despite today's pull back, the stock is up approximately 20% over the past 12 months. OTHERS TO WATCH: Other companies in the sealants and chemicals space include Sherwin-Williams (SHW), The Valspar Corporation (VAL), and RPM International (RPM).
News For FUL;SHW;VAL;RPM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 9, 2015
06:01 EDTSHWEcolab downgraded to Neutral from Overweight at JPMorgan
Subscribe for More Information
October 8, 2015
14:31 EDTRPMRPM increases dividend 5.8% to 27.5c per share
RPM International announced at its annual meeting of stockholders that its board of directors declared a regular quarterly cash dividend of 27.5c per share, payable on October 30, to stockholders of record as of October 19. This payment represents a 5.8% increase over the 26c quarterly cash dividend paid at this time last year.
October 7, 2015
06:56 EDTRPMRPM lowers FY16 EPS view to $2.50 from $2.55, consensus $2.56
Subscribe for More Information
06:53 EDTRPMRPM reports Q1 EPS 74c, consensus 81c
Reports Q1 revenue $1.24B, consensus $1.27B. Q1 performance was impacted by the continuing strength of the U.S. dollar against most foreign currencies, coupled with rainy weather in North America. The company anticipates "a return to solid growth" in the consumer segment for the balance of the year. Additionally, in Q1 the combination of translational and transactional foreign exchange reduced EPS by 8c.
October 6, 2015
15:08 EDTRPMNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Monsanto (MON), consensus (2c)... Constellation Brands (STZ), consensus $1.32... Acuity Brands (AYI), consensus $1.62... Global Payments (GPN), consensus $1.43... RPM International (RPM), consensus 82c.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use