New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 10, 2014
16:06 EDTZEPZep says fire-related sales losses may prompt revenue declines
The company said, "We are making excellent progress on our business continuity plan execution as we recover from the incident at our aerosol production facility, but realize this will create some uncertainty with respect to our future operational and financial results. We are communicating with our customers and working to minimize disruptions in the supply of aerosol products. We continue to believe our insurance will cover the majority of the costs associated with this incident, including business interruption; however we expect the timing of expenditures and insurance recovery to be misaligned. While we are encouraged by recent sales results, we believe that continuing sales pipeline success may only partially offset the fire-related sales losses potentially resulting in revenue declines in some or all of the next four quarters. We invested in a number of initiatives over the past year that started to deliver results in the most recent quarter. Had it not been for the incident, we expected these initiatives to continue to gain traction in the fourth quarter and beyond. However, we are now focused on implementing our business continuity plan with an eye on mitigating the impact of disruption, and believe that the returns on recent investments may be delayed as we manage through the recovery period.
News For ZEP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 17, 2015
14:13 EDTZEPGabelli raises stake in Zep Inc. to 19.87% from 18.87%
Subscribe for More Information
April 15, 2015
13:48 EDTZEPGabelli reports 18.87% stake in Zep Inc.
April 9, 2015
10:00 EDTZEPOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:22 EDTZEPZep Inc. downgraded to Neutral from Buy at Sidoti
Subscribe for More Information
April 8, 2015
16:22 EDTZEPOn The Fly: Closing Wrap
Subscribe for More Information
12:17 EDTZEPOn The Fly: Midday Wrap
Subscribe for More Information
10:01 EDTZEPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Almost Family (AFAM) downgraded to Neutral from Outperform at Baird... Angie's List (ANGI) downgraded to Neutral from Buy at B. Riley... Annaly Capital (NLY) downgraded to Underperform from Market Perform at FBR Capital... Apple (AAPL) downgraded to Hold from Buy at Societe Generale... Calamos (CLMS) downgraded to Underperform from Market Perform at Keefe Bruyette... Catamaran (CTRX) downgraded to Hold from Buy at Argus... Cinemark (CNK) downgraded to Neutral from Buy at Janney Capital... Crestwood Equity (CEQP) downgraded at BofA/Merrill... Cummins (CMI) downgraded to Neutral from Buy at Goldman... Kinder Morgan (KMI) downgraded to Buy from Conviction Buy at Goldman... L'Oreal (LRLCY) downgraded to Neutral from Outperform at Exane BNP Paribas... NextEra Energy Partners (NEP) downgraded to Neutral from Buy at Goldman... Regal Entertainment (RGC) downgraded to Neutral from Buy at Janney Capital... Trina Solar (TSL) downgraded at BofA/Merrill... WebMD (WBMD) downgraded to Sell from Neutral at Goldman... Yingli Green Energy (YGE) downgraded at BofA/Merrill... Zep Inc. (ZEP) downgraded to Sell from Buy at Wunderlich.
09:28 EDTZEPZep Inc. downgraded to Sell from Buy at Wunderlich
Wunderlich downgraded Zep Inc. to Sell after the company announced an agreement to be acquired by New Mountain Capital for $20.05 per share.
09:20 EDTZEPOn The Fly: Pre-market Movers
Subscribe for More Information
08:04 EDTZEPZep Inc. sees FY15 gross profit margins 46%-48% of net sales
Subscribe for More Information
08:03 EDTZEPZep Inc. reports Q2 cash EPS 10c, consensus 6c
Subscribe for More Information
08:02 EDTZEPZep Inc. to be acquired by New Mountain Capital for $20.05 per share in cash
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use