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Stock Market & Financial Investment News

News Breaks
June 26, 2014
12:26 EDTFUL, SHW, VAL, RPMH.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
Check below for free stories on FUL;SHW;VAL;RPM the last two weeks.
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July 29, 2014
13:45 EDTFULH.B. Fuller announces polymer emulsion price increase in North America
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08:56 EDTRPMRPM has a luncheon meeting with Philadelphia Securities Association
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July 28, 2014
11:04 EDTRPMRPM says raw materials 'relatively stable'
10:26 EDTRPMRPM says 'fully cooperating' with SEC
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07:48 EDTRPMRPM agrees in principle to resolve asbestos personal injury claims
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07:37 EDTRPMRPM sees FY15 EPS $2.38-$2.42, consensus $2.40
Sees FY15 revenue growth of 6%-8%, consensus $4.58B; Sees FY15 consumer segment sales growth of 5%-7%; Sees FY15 industrial segment sales growth of 6%-8%. The company said, "This expectation is predicated on continued growth within our consumer segment, as a result of continuation of trends from fiscal 2014: ongoing recovery in the North American housing market, market share gains and market acceptance of new products at higher price points than our traditional consumer product lines. In the industrial segment, we expect momentum in our European businesses to continue at a more moderate pace, with a return to growth at the Tremco roofing division, along with slow growth in businesses serving the North American commercial construction markets."
07:35 EDTRPMRPM notified that SEC investigating company on timing of GSA accrual
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07:33 EDTRPMRPM reports Q4 Industrial segment sales pu 8.5% to $769.2M
Reports Q4 Industrial segment organic sales up 8.2%; Reports Q4 RPM's consumer segment up 10% to $507.5M, with organic sales up 9%
07:32 EDTRPMRPM reports Q4 EPS 80c, consensus 78c
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July 22, 2014
10:00 EDTVALOn The Fly: Analyst Upgrade Summary
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05:39 EDTVALValspar upgraded to Conviction Buy from Neutral at Goldman
Goldman Sachs upgraded Valspar to Conviction Buy from Neutral citing the valuation discount peers, the recovery in the U.S. housing market and momentum in the company's Australian business. The firm raised its price target for shares to $97 from $83.
05:27 EDTVALValspar upgraded to Conviction Buy from Neutral at Goldman
July 18, 2014
10:54 EDTSHWSherwin-Williams downgraded to Hold from Buy at Zelman
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July 17, 2014
07:05 EDTSHWSherwin-Williams reports Q2 Paint Stores Group sales up 17.2% to $1.88B
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07:04 EDTSHWSherwin-Williams raises FY14 EPS to $8.50-$8.70, consensus $8.49
Sees FY14 net sales growth 8%-13%, consensus $11.13B; This annual guidance includes our expectation that the Comex acquisition will increase net sales by a low single digit percentage in the year and negatively impact diluted net income per common share $.35 per share in 2014.
07:03 EDTSHWSherwin-Williams sees Q3 EPS $3.15-$3.25, consensus $3.06
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07:03 EDTSHWSherwin-Williams reports Q2 EPS $2.94, consensus $2.93
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