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November 13, 2012
12:21 EDTTYCEarnings Preview: Tyco International sees Q4 strongest of the year seasonally
Tyco International (TYC) is expected to report Q4 earnings before the market open on Wednesday, November 14 with a conference call scheduled for 8:00 am ET. Analysts are looking for EPS of 35c on revenue of $2.72B. The consensus range is 24c-46c for EPS, and $2.66B-$2.78B for revenue, according to First Call. Tyco reported mixed Q3 results, beating adjusted EPS but missing revenue estimates. On its Q3 conference call, the company noted that its proposed separation was "on track" for completion at the end of September . Management said Q4 was seasonally the strongest operating quarter of the year, and they expected Q4 operating margin to reach 14%. For Q4, they forecast an additional 6c of EPS on a sequential basis, and 9c year-over-year despite the benefit of a 53rd week last year. On September 18, the company forecast FY13-FY17 recurring revenue growth of 5%-7%, and EBITDA margin of 50%. Recent sentiment on the Street has been mixed, with analysts having contrasting views on the value of the company post-breakup.
News For TYC From The Last 14 Days
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February 4, 2016
07:08 EDTTYCCowen to hold a forum
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January 29, 2016
08:30 EDTTYCTyco sees restructuring, repositioning charges of $20M in Q2
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08:29 EDTTYCTyco sees $75M-$100M in restructuring charges in FY16
Tyco expects final resolution of the IRS settlement in the next six months.
08:28 EDTTYCTyco sees Q2 revenue about $2.3B, consensus $2.36B
Tyco sees Q2 revenue to decline approximately 4% year-over-year. The company expects a $120M foreign currency headwind in Q2.
08:21 EDTTYCTyco announces deal with IRS to 'tentatively resolve' debt issue
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06:05 EDTTYCTyco backs FY16 EPS ex-items view of $2.05-$2.20, consensus $2.10
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06:05 EDTTYCTyco sees Q2 EPS 44c-46c, consensus 46c
06:04 EDTTYCTyco reports Q1 EPS ex-items 42c, consensus 41c
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January 28, 2016
11:14 EDTTYCJohnson Controls continues to expect at least $650M in synergies from merger
Oost merger, the company expects $4.5B EBITDA, $500M operating synergies and $150M tax synergies.
11:12 EDTTYCJohnson Controls sees no hiccups, improved momentum for Tyco transaction
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