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Stock Market & Financial Investment News

News Breaks
January 16, 2013
16:20 EDTIEX, THOThor Industries names Dominic Romeo CFO
Thor Industries (THO) has named Dominic Romeo as Senior VP and CFO effective February 4. Mr. Romeo most recently served as CFO of IDEX Corp. (IEX). The company also announced the promotion of Colleen Zuhl to VP and Corporate Controller effective February 4. Mrs. Zuhl has served as interim CFO since October 15, 2012, having previously served as Director of Finance.
News For THO;IEX From The Last 14 Days
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March 26, 2015
12:04 EDTTHOWinnebago sinks after Q2 results trail estimates
Shares of recreational vehicle manufacturer Winnebago Industries (WGO) are sinking after the company’s second quarter results trailed analysts’ consensus estimates. WHAT'S NEW: This morning, Winnebago reported Q2 earnings per share of 30c on revenue of $234.5M, trailing analysts' consensus estimates of 38c and $253.26M, respectively. Compared to the same period last year, the company said motorhome revenue increased 2.4% in the second quarter, which was mainly a result of motorhome unit shipment growth of 2.4%. Towables operating income improved $302,000 due primarily to revenue growth of 11.8%, comprised of a 7.7% increase in ASP and 5.2% growth in unit shipments. Gross profit as a percentage of sales improved 30 basis points in Q2 year over year. WHAT'S NOTABLE: In explaining the weak results, the company noted that operating expenses increased in Q2 compared to last year. This was mainly due to $1.5M of incremental general and administrative expenses associated with two strategic initiatives that commenced during the quarter related to ERP implementation and strategic sourcing, as well as increased legal and equipment maintenance costs. Sarah Nielsen, the company's Chief Financial Officer, noted that operating cash flow for Q2 was affected by an increase in receivables of approximately $13M due to timing of invoicing in the quarter. She said the company ended the quarter with elevated inventory levels, in part due to the rental build season. In the second half of the year, the company expects to generate positive cash flow through the continued strength of its operating results, as well as favorable changes in working capital. PRICE ACTION: In early afternoon trading, Winnebago fell $3.42, or about 14.4%, to $20.37 on more than five times its average daily trading volume. Including today's pull back, the shares have lost approximately 23% over the past 12 months. OTHERS TO WATCH: Others in the recreational vehicle space include Thor Industries (THO), down 1.5%, Drew Industries (DW), down 0.9%, and Patrick Industries (PATK), up 0.15%.
March 24, 2015
09:38 EDTIEXIDEX Corp. management to meet with Oppenheimer
Meeting to be held in Massachusetts on March 30 hosted by Oppenheimer.
March 23, 2015
12:18 EDTTHOThor Industries management to meet with Sidoti
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March 20, 2015
11:41 EDTIEXCantel Medical names Peter Clifford as CFO
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