LONDON, UK / ACCESSWIRE / July 30, 2018 /

Active-Investors has a free review on Realty Income Corp. (NYSE: O) following the Company’s announcement that it will begin trading ex-dividend on July 31, 2018. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on July 30, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on O:

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Dividend Declared

On July 17, 2018, Realty Income announced that its Board of Directors has declared its 577th consecutive common stock monthly dividend. The dividend amount of $0.22 per share, representing an annualized amount of $2.64 per share, is payable on August 15, 2018, to shareholders of record as of August 01, 2018.

Realty Income’s indicated dividend represents a yield of 4.74%, which is substantially higher than the average dividend yield of 3.06% for the Finance sector. The Company has raised its dividend for twenty-two years in a row.

Dividend Insights

Realty Income has a dividend payout ratio of 83.3%, which denotes that the Company distributes approximately $0.83 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Realty Income is forecasted to report earnings of $1.33 for the upcoming year compared to the Company’s annualized dividend of $2.64. One of the primary reasons for the difference between earnings and annualized dividend is that Realty Income is a Real Estate Investment Trust (REIT) which is structured by law to distribute at least 90% of earnings. Moreover, since REITs generate income from owning portfolios of investment real estate, they are likely to have higher depreciation charges.

Since depreciation is a non-cash charge, it does not directly impact the ability of dividend the companies can distribute. For this reason, Fund from Operations (FFO) is calculated by adding depreciation and amortization (D&A) to earnings and subtracting any gains on sales which then provides a better picture of any company’s profitability and capacity to pay and to sustain dividends. For instance, Realty Income’s net income available to common stockholders for the quarter ended March 31, 2018, was $83.2 million, or $0.29 per share, compared to $71.6 million, or $0.27 per share, in Q1 2017.

On the other hand, Realty Income’s FFO for the quarter ended March 31, 2018, increased 20.1% to $224.9 million compared to $187.2 million for the same quarter in 2017. FFO per share for the quarter ended March 31, 2018, increased 11.3% to $0.79 compared to $0.71 for the year ago corresponding period. The FFO number indicates that the Company should be able to comfortably cover its dividend payout through earnings.

Recent Development for Omega

On July 10, 2018, Realty Income announced that Reginald “Reggie” H. Gilyard and Gerardo “Gerry” I. Lopez have joined Realty Income’s Board of Directors. The Company in the press release stated that Messrs. Gilyard and Lopez bring to the Board of Directors over 50 years of combined leadership experience in retail, real estate, and consulting.

Mr. Gilyard is a Senior Advisor at The Boston Consulting Group, Inc. (“BCG”) where he is a recognized leader in strategy development and execution. Prior to re-joining BCG in 2017, Mr. Gilyard served as Dean of the Argyros School of Business and Economics at Chapman University.

Mr. Lopez recently joined as a partner of High Bluff Capital Partners, a private equity firm focused on investing in consumer-facing companies. Mr. Lopez previously served as President and Chief Executive Officer of Extended Stay America, Inc., the largest owner/operator of company-branded hotels in North America.

About Realty Income Corp.

Realty Income is an S&P 500 company dedicated to providing shareholders with dependable monthly income. The Company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,300 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

Stock Performance Snapshot

July 27, 2018 – At Friday’s closing bell, Realty Income’s stock fell 1.29%, ending the trading session at $55.04.

Volume traded for the day: 1.48 million shares.

Stock performance in the last month – up 0.94%; previous three-month period – up 6.98%; and past six-month period – up 1.53%

After last Friday’s close, Realty Income’s market cap was at $15.85 billion.

Price to Earnings (P/E) ratio was at 48.97.

The stock has a dividend yield of 4.80%.

The stock is part of the Financial sector, categorized under the REIT – Retail industry.

Active-Investors:

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NO WARRANTY

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NOT AN OFFERING

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ReleaseID: 507185

Stock Monitor: Insteel Industries Post Earnings Reporting

LONDON, UK / ACCESSWIRE / July 30, 2018 /

If you want access to our free earnings report on Steel Dynamics, Inc. (NASDAQ: STLD), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=STLD. The Company reported its second quarter fiscal 2018 operating and financial results on July 24, 2018. The steel producer and metals recycler outperformed top- and bottom-line expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Insteel Industries, Inc. (NASDAQ: IIIN), which also belongs to the Basic Materials sector as the Company Steel Dynamics. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Steel Dynamics most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the second quarter of the fiscal year 2018, Steel Dynamics reported net sales of $3.09 billion compared to $2.39 billion in Q2 2017. The Company’s revenue numbers beat analysts’ estimates of $2.89 billion.

During Q2 2018, Steely Dynamics’ income from operations soared 89% to a record $501.9 million on a y-o-y basis, and its adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) increased 68% to a record $590.4 million.

For Q2 2018, Steel Dynamics posted a net income of $362 million, or $1.53 per diluted share. Comparatively, the Company’s net income was $154 million, or $0.63 per diluted share, in Q2 2017. The Company’s earnings beat Wall Street estimates of $1.49 per share.

Segment Results

During Q2 2018, Steel Dynamics’ Steel Operations segment’s operating income soared 59% to a record $537 million sequentially, based on a growth of 8% in shipments and metal spread expansion, as average steel product pricing increased more than consumed raw material scrap costs. The segment’s average product selling price per ton increased $110 to $932 in the reported quarter. The segment’s average ferrous scrap cost per ton melted increased $27 to $348 in the reported quarter.

For Q2 2018, Steel Dynamics’ Flat Roll Steel Operations unit’s operating income advanced 67% sequentially, driven by a metal spread expansion related to a continued strong underlying demand, higher selling values, and a growth of 5% in shipments. Steel Dynamics’ Long Product Steel Operations unit’s operating income surged 36% on a q-o-q basis, as a result of improved shipments and metal spread expansion, primarily from the Company’s Structural and Rail Division. Steel Dynamics’ steel production utilization rate was 99% in Q2 2018 compared to 94% in Q1 2018 and 91% in Q2 2017.

Steel Dynamics’ Recycling Operations segment’s operating income was $26 million in Q2 2018 versus $28 million in Q1 2018. Higher procurement costs offset a rise of 7% in recycled ferrous shipments, resulting from a strong domestic steel mill demand.

During Q2 2018, Steel Dynamics’ Fabrication Operations segment recorded an operating income of $14 million compared to $20 million in Q1 2018, as improved average selling values and higher shipments were more than offset by higher steel input costs.

Cash Matters

During H1 2018, Steel Dynamics generated a strong cash flow from operations of $504 million and maintained liquidity of $2.0 billion at June 30, 2018. On June 29, 2018, the Company used available cash of $396 million to fund the acquisition of Heartland.

In H1 2018, Steel Dynamics repurchased $118 million of its common stock.

Outlook

Steel Dynamics announced that it plans to increase its production to approximately 40,000 tons per month during H2 2018, with the expectations to reach an annual run-rate of between 800,000 tons and 900,000 tons of cold roll, pickled and oiled, and galvanized flat roll steel by mid-year 2019.

For Q3 2018, Steel Dynamics is forecasting earnings contribution from Heartland to be reduced by approximately $12 million to $15 million (pre-tax), due to fair value accounting adjustments. On a through-cycle basis, the Company believes the increased benefit of the Heartland acquisition will ultimately improve its through-cycle EBITDA between $50 million and $60 million per year.

Stock Performance Snapshot

July 27, 2018 – At Friday’s closing bell, Steel Dynamics’ stock was marginally down 0.91%, ending the trading session at $47.99.

Volume traded for the day: 1.21 million shares.

Stock performance in the last month – up 4.92%; previous three-month period – up 5.31%; past twelve-month period – up 31.41%; and year-to-date – up 11.27%

After last Friday’s close, Steel Dynamics’ market cap was at $11.70 billion.

Price to Earnings (P/E) ratio was at 13.14.

The stock has a dividend yield of 1.56%.

The stock is part of the Basic Materials sector, categorized under the Steel & Iron industry.

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PRESS RELEASE PROCEDURES:

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NOT AN OFFERING

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ReleaseID: 507186

LONDON, UK / ACCESSWIRE / July 30, 2018 /

Active-Investors has a free review on The Clorox Co. (NYSE: CLX) following the Company’s announcement that it will begin trading ex-dividend on July 31, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on July 30, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on CLX:

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Dividend Declared

On May 21, 2018, Clorox announced that its Board of Directors has declared a quarterly dividend of $0.96 per share on its common stock, payable August 17, 2018, to stockholders of record as of the close of business on August 01, 2018. This reflects the Company’s 14% dividend increase that was announced in February 2018 ahead of the typical May announcement timing, due to the benefits of tax reform.

Clorox’s indicated dividend represents a yield of 2.95%, which is substantially higher than the average dividend yield of 1.77% for the Consumer Goods sector. Total annual dividends paid to Clorox’s shareholders have increased each year since 1977.

Dividend Insights

Clorox has a dividend pay-out ratio of 68.1%, which means that the Company spends approximately $0.68 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

As per analysts’ estimates, Clorox is forecasted to report earnings of 6.37 per share for the next year, which is considerably higher than the Company’s annualized dividend payout of $3.84 per share.

At March 31, 2018, Clorox’s cash and cash equivalents totaled $1.17 billion compared to $417 million as on June 30, 2017. The Company’s fiscal 2018 year-to-date period ended March 31, 2018, net cash from continuing operations increased 19% to $574 million compared to $483 million in the year ago same period. Cash provided by operations decreased $40.6 million due to changes in working capital. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain its dividend distribution for a long period.

Upcoming Earnings

On June 28, 2018, Clorox announced that it will host a live audio webcast of a discussion with the investment community about its fourth-quarter and fiscal year 2018 results on August 02, 2018. The webcast is scheduled to begin at 1:30 p.m. ET.

About The Clorox Co.

Clorox is a leading multinational manufacturer and marketer of consumer and professional products with approximately 8,700 employees worldwide and fiscal year 2017 sales of $6 billion. Clorox markets some of the most trusted and recognized consumer brand names, including its namesake bleach and cleaning products. More than 80% of the Company’s sales are generated from brands that hold the No. 1 or No. 2 market share positions in their categories.

Stock Performance Snapshot

July 27, 2018 – At Friday’s closing bell, Clorox’s stock marginally rose 0.73%, ending the trading session at $132.72.

Volume traded for the day: 1.52 million shares, which was above the 3-month average volume of 1.38 million shares.

Stock performance in the last month – up 1.60%; and previous three-month period – up 12.18%

After last Friday’s close, Clorox’s market cap was at $17.21 billion.

Price to Earnings (P/E) ratio was at 24.06.

The stock has a dividend yield of 2.89%.

The stock is part of the Consumer Goods sector, categorized under the Housewares & Accessories industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

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NO WARRANTY

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NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

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ReleaseID: 507187

LONDON, UK / ACCESSWIRE / July 30, 2018 / If you want access to our free research report on United Natural Foods, Inc. (NASDAQ: UNFI) (“UNFI”), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=UNFI as the Company’s latest news hit the wire. On July 26, 2018, the Company announced that it has signed an agreement to acquire SUPERVALU Inc. (NYSE: SVU). The all-cash deal is valued at approximately $2.9 billion, including debts. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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The deal is expected to create one of the largest premier wholesaler and distributor of foods in North America.

Management Quotes

Sharing his views on the acquisition of SUPERVALU, Steven Spinner, Chief Executive Officer (CEO) and Chairman of UNFI, said:

“Combining our leading position in natural and organic foods with SUPERVALU’s presence in fast-turning products makes us the partner of choice for a broader range of customers. Together, we can provide our ‘better for you’ products, as well as other high-growth segments, improving customers’ competitive advantages in a dynamic marketplace.”

Mark Gross, CEO of SUPERVALU, added:

“We have been executing an ambitious strategic transformation for over two years. We believe that this transaction is the best and natural next step for our stockholders, customers, and employees.”

Terms of Acquisition

As per the terms of the acquisition, UNFI has agreed to pay $32.50 in cash for each SUPERVALU share, which works out to approximately $2.9 billion. UNFI’s offer includes the assumption of SUPERVALU’s debts and liabilities. The offer is at a 67% premium of SUPERVALU’s share price of $19.45 at the close on July 25, 2018, which was the last day of trading before the deal was announced. The deal has received the approval from the Boards of Directors of both Companies. The transaction is expected to close in Q4 2018, subject to the receipt of approvals from shareholders and regulators, and the fulfilment of closing conditions.

Once the merger is complete, Steven Spinner will helm the business of the merged entity, while Sean Griffin, Chief Operating Officer (COO) of UNFI will focus on the integration of SUPERVALU into UNFI. Griffin will lead a team consisting of executives from both Companies to ensure a faster and smoother integration, the implementation of best practices from each Company, and the realization of important synergies.

UNFI plans to finance the acquisition mostly via fresh debt from Goldman Sachs.

Going forward, UNFI plans to divest the retail assets of SUPERVALU in a planned and economic manner. The Company expects that the stronger cash flows due to the acquisition and the funds realized from the divestment of SUPERVALU’s retail assets will enable it to pay off its debts sooner.

Value Proposition

UNFI expects the deal to expand its customer base across channels especially in the ‘better for you’ products space where it has lower representation. UNFI will get cross-selling opportunities with a larger products portfolio, including meat and produce, which will complement its existing range of natural and organic products. UNFI is expected to expand its geographic footprint and scale of operations, resulting in increased efficiencies and effectiveness. The merged entity expects to leverage the latest technology for streamlining processes and reduce costs in the long-run while offering the best in customer experiences. UNFI expects the acquisition to be accretive to its earnings per share (EPS) within one year of closing the deal, and achieve a double-digit adjusted EPS growth after the first year. UNFI expects to realize run-rate cost synergies of over $175 million by the third year of finalizing the merger.

Reasons behind sale of SUPERVALU

The deal comes in at an opportune time for SUPERVALU, which was under pressure from activist investor, Blackwells Capital LLC, who was pushing for a complete overhaul of the Company’s Board and pushing for the sale of the balance SUPERVALU stores. In May 2018, SUPERVALU had completed the sale of 21 of its 38 Farm Fresh stores to 3 different retailers, namely: Harris Teeter, Kroger Mid-Atlantic Division, and Food Lion. In the same month, SUPERVALU also completed the sale of 7 of its distribution centers and leased them back from the owner for an initial term of 20 years, with 5 five-year renewal options. The sale and lease back of the distribution centers are expected to be completed in October 2018. The proceeds from the sale of its stores and distribution centers were aimed at paying off its huge debts. SUPERVALU had been struggling to manage its debts taken for the acquisition of Albertson’s, Inc. in 2006 for approximately $17.4 billion. SUPERVALU had been exploring strategic options for its business since April 2018.

About SUPERVALU Inc.

Eden Prairie, Minnesota-based SUPERVALU is one of the largest grocery wholesalers and retailers in the US. It operated a network of 3,437 stores as on February 24, 2018, composed of 3,323 wholesale primary stores and 114 traditional retail grocery stores operated under 3 retail banners in 3 geographic regions. It has 18 distribution centers and specialty warehouses and its retail business consist of grocery chains – CUB FOODS in Minneapolis-St. Paul, HORNBACHER’S in the Fargo-Moorhead area, SHOP ‘N SAVE in St. Louis, and SHOPPERS in Washington D.C. The Company has approximately 23,000 employees, and reported annual sales of approximately $14 billion in the fiscal year 2018.

About United Natural Foods, Inc.

Providence, Rhode Island-based UNFI is a wholesale distributor to the natural, organic, and specialty industry in the US and Canada. The Company caters to a broad customer base consisting of natural product superstores and ecommerce retailers, to conventional supermarket chains and independent health food retailers. UNFI is a major supplier to Whole Foods Market which was acquired by Amazon in August 2017. The Company distributes over 110,000 natural and organic foods and wellness products and supplies to over 43,000 customer locations across the US and Canada. The Company also has a highly-evolved logistics network to support its operations from the distribution centers. UNFI also owns and operates 12 retail natural products stores, mainly in Florida, through its subsidiary, Earth Origins Market.

Stock Performance Snapshot

July 27, 2018 – At Friday’s closing bell, United Natural Foods’ stock declined 5.71%, ending the trading session at $32.51.

Volume traded for the day: 3.58 million shares, which was above the 3-month average volume of 573.23 thousand shares.

After last Friday’s close, United Natural Foods’ market cap was at $2.08 billion.

Price to Earnings (P/E) ratio was at 10.96.

The stock is part of the Services sector, categorized under the Food Wholesale industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

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PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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ReleaseID: 507188

LONDON, UK / ACCESSWIRE / July 30, 2018 /

If you want access to our free earnings report on Whirlpool Corp. (NYSE: WHR), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=WHR. The Company reported its second quarter fiscal 2018 operating and financial results on July 24, 2018. The appliance maker provided its guidance for FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Whirlpool most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=WHR

Earnings Highlights and Summary

For the second quarter of the fiscal year 2018, Whirlpool’s net sales were $5.1 billion compared to $5.3 billion in Q2 2017. The Company’s revenue numbers lagged analysts’ estimates of $5.30 billion.

During Q2 2018, Whirlpool’s earnings before interest and taxes (EBIT) were negative $562 million, or 10.9% of sales, compared to positive $251 million, or 4.7% of sales, in Q2 2017. On a GAAP basis, the Company’s results were negatively impacted by approximately $860 million due to an asset impairment charge related to the Europe, Middle-East, and Africa (EMEA) region and a preliminary settlement with the FCA.

Whirlpool’s ongoing EBIT were $343 million, or 6.7% of sales, in the reported quarter compared to $350 million, or 6.5% of sales, in the prior year’s same period. On a GAAP and ongoing basis, Whirlpool’s EBIT margin was favorably impacted by product price/mix and restructuring benefits, which more than offset unit volume declines, raw material inflation, and unfavorable foreign currency impacts.

Whirlpool reported a net loss of $657 million, or $9.50 loss per diluted share, in Q2 2018 compared to net earnings of $189 million, or $2.52 per diluted share, in Q2 2017. The Company’s ongoing earnings were $3.20 per diluted share in the reported quarter versus $3.35 per diluted share in the prior year’s comparable period. Whirlpool’s earnings came in short of Wall Street’s estimates of $3.43 per share.

Regional Review

During Q2 2018, Whirlpool North America reported net sales of $2.8 billion compared to $2.8 billion in Q2 2017. The region reported EBIT of $331 million, or 11.9% of sales, in the reported quarter compared to $336 million, or 11.9% of sales, in the year ago corresponding period. For the reported quarter, the region recorded a favorable impact of product price/mix, which was offset by unit volume declines, raw material inflation, and higher freight costs.

For Q2 2018, Whirlpool EMEA reported net sales of $1.1 billion compared to $1.2 billion in Q2 2017. The region reported EBIT of negative $25 million, or 2.3% of sales, in the reported quarter compared to negative $2 million, or 0.2% of sales, in the prior year’s same period. For Q2 2018, the region’s favorable impacts of product price/mix and restructuring benefits were more than offset by unit volume declines, raw material inflation, and unfavorable foreign currency impacts.

Whirlpool Latin America reported net sales of $852 million in Q2 2018 compared to $986 million in Q2 2017. The region recorded EBIT of $33 million, or 3.8% of sales, in the reported quarter versus $57 million, or 5.8% of sales, in the year earlier comparable quarter. During Q2 2018, the region’s sales and EBIT were negatively impacted by the trucker strike in Brazil.

During Q2 2018, Whirlpool Asia reported net sales of $428 million compared to $373 million in Q2 2017. The region generated EBIT of $43 million, or 10.1% of sales, in the reported quarter compared to negative $30 million, or 8.0% of sales, in the year earlier corresponding quarter. The region’s ongoing EBIT totaled $43 million, or 10.1% of sales, in Q2 2018 compared to $10 million, or 2.5% of sales, in Q2 2017.

Cash Matters

During Q2 2018, Whirlpool obtained financing in an amount approximately equal to anticipated proceeds from the sale of its Embraco compressor business, and used it to accelerate share repurchases through a ‘modified Dutch Auction’ tender offer. The Company repurchased 6,269,591 shares at a price of $159.50 per share, for an aggregate cost of approximately $1 billion.

For the six months ended June 30, 2018, Whirlpool reported cash used in operating activities of negative $584 million compared to negative $191 million in the prior year’s same period. The Company reported a negative free cash flow of $725 million in H1 2018 compared to negative $356 million in H1 2017; primarily driven by volume-related working capital timing, in addition to the timing of certain payments and accruals, compared to the prior year.

Outlook

For the full fiscal year 2018, Whirlpool is forecasting GAAP earnings per diluted share to be in the range of $0.15 to $0.75, and ongoing earnings per diluted share to be in the band of $14.20 to $14.80. For FY18, the Company expects to generate cash from operating activities of approximately $1.5 billion and free cash flow of approximately $850 million.

Stock Performance Snapshot

July 27, 2018 – At Friday’s closing bell, Whirlpool’s stock was slightly up 0.20%, ending the trading session at $127.89.

Volume traded for the day: 1.78 million shares, which was above the 3-month average volume of 1.77 million shares.

After last Friday’s close, Whirlpool’s market cap was at $8.79 billion.

The stock has a dividend yield of 3.60%.

The stock is part of the Consumer Goods sector, categorized under the Appliances industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

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PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

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SOURCE: Active-Investors

ReleaseID: 507189

Stock Monitor: John Bean Technologies Post Earnings Reporting

LONDON, UK / ACCESSWIRE / July 30, 2018 / If you want access to our free earnings report on Illinois Tool Works Inc. (NYSE: ITW) (“ITW”), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ITW. Illinois Tool Works reported its second quarter fiscal 2018 operating and financial results on July 20, 2018. The equipment manufacturer for the transportation, power, food, and construction industries provided guidance for the upcoming quarter and fiscal year. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for John Bean Technologies Corporation (NYSE: JBT), which also belongs to the Industrial Goods sector as the Company Illinois Tool Works. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Illinois Tool Works most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=ITW

Earnings Highlights and Summary

For the three months ended ITW’s revenue was up 7% to $3.83 billion compared to $3.60 billion with 4% organic growth. The Company’s reported numbers lagged behind analysts’ estimates of $3.85 billion.

During Q2 2018, ITW’s operating income was $932 million, reflecting an increase of 7% compared to $872 million in Q2 2017, and operating margin was 24.3%, up 10 basis point (bps) compared to the year ago corresponding period. Excluding Q2 2017 legal settlement, the Company’s operating income rose 9% on a y-o-y basis and operating margin increased 50 bps. ITW’s enterprise Initiatives contributed 110 bps of margin improvement, more than offsetting 70 bps of unfavorable price/cost impact.

ITW reported GAAP earnings of $666 million, or $1.97 per share, in Q2 2018 compared to earnings of $587 million, or $1.69 per share, in Q2 2017. The Company recorded a benefit of $0.03 per share related to a legal settlement in Q2 2017. Excluding this item, ITW’s earnings advanced 19% on a y-o-y basis. ITW’s earnings fell short of Wall Street’s expectation of $1.98 per share.

During Q2 2018, ITW’s all seven business segments delivered positive y-o-y revenue growth, led by Welding with 13%, followed by Test & Measurement and Electronics and Specialty both up 4% compared to the year ago same period.

Cash Matters

For Q2 2018, ITW’s after-tax return on invested capital was 28.7%, reflecting an improvement of 440 bps, of which 400 basis points resulted from new US tax rules and regulations.

In Q2 2108, ITW’s free cash flow surged 38% to $533 million on a y-o-y basis. During the reported quarter, the company repurchased $500 million of its own shares.

Outlook

ITW stated that based on current foreign exchange rates, the Company’s H2 2018 earnings per share are projected to have a $0.12 negative currency impact versus prior guidance.

For FY18, ITW adjusted earnings guidance to reflect this impact and is now forecasting earnings in the range of $7.50 to $7.70 per share, or 15% growth at the midpoint. The Company also revised its outlook for operating margin to a range of 24% to 25% reflecting price/cost related margin dilution.

ITW continues to expect organic growth of 3% to 4%, free cash flow at or above 100% of net income, and an effective tax rate of approximately 25% for FY18. The Company is expecting to repurchase $1.5 billion of its own shares in FY18.

During Q3 2018, ITW is projecting earnings to be in the range of $1.80 to $1.90 per share, with revenue expected to grow 2% to 3% and organic growth of 3% to 4%.

Stock Performance Snapshot

July 27, 2018 – At Friday’s closing bell, Illinois Tool Works’ stock slightly fell 0.74%, ending the trading session at $140.21.

Volume traded for the day: 1.12 million shares.

After last Friday’s close, Illinois Tool Works’ market cap was at $47.70 billion.

Price to Earnings (P/E) ratio was at 18.90.

The stock has a dividend yield of 2.23%.

The stock is part of the Industrial Goods sector, categorized under the Diversified Machinery industry.

—

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 507181

Stock Monitor: Gorman-Rupp Post Earnings Reporting

LONDON, UK / ACCESSWIRE / July 30, 2018 / If you want access to our free earnings report on Lennox International Inc. (NYSE: LII) (“Lennox”), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=LII. The Company reported its second quarter fiscal 2018 operating and financial results on July 23, 2018. The manufacturer of furnaces, air conditioners, and other products outperformed top- and bottom-line expectations. Additionally, the Company raised its earnings guidance for FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for The Gorman-Rupp Company (NYSE: GRC), which also belongs to the Industrial Goods sector as the Company Lennox Intl. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Lennox International most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For the second quarter of the fiscal year 2018, Lennox generated record GAAP revenues of $1.18 billion, up 7% compared to $1.10 billion in Q2 2017. The Company’s adjusted revenues were up 9% to a record $1.16 billion on a y-o-y basis in the reported quarter. Lennox’s revenue numbers beat analysts’ estimates of $1.13 billion.

On a GAAP basis, Lennox’s gross profit was $362 million, up 6% on a y-o-y basis. The Company’s gross margin was 30.8%, down 10 basis points (bps). On an adjusted basis, Lennox’s gross profit was $357 million, up 7% on a y-o-y basis, while its adjusted gross margin was 30.8%, down 70 bps. The Company’s gross profit on a GAAP and adjusted basis was positively impacted by higher volume, favorable price, sourcing, and engineering-led cost reductions, as well as a favorable foreign exchange.

For Q2 2018, Lennox’s GAAP operating income was a record $195.1 million, up 11% from $175.4 million in Q2 2017.

On a GAAP basis, Lennox’s income from continuing operations was $139.2 million, or $3.39 per share, in Q2 2018 compared to $116.4 million, or $2.71 per share, in Q2 2017. The Company’s adjusted income from continuing operations was $150.5 million, or $3.67 per share, in the reported quarter compared to $121.0 million, or $2.83 per share, in the prior year’s same quarter. Lennox’s earnings beat Wall Street’s estimates of $3.56 per share.

For Q2 2018, Lennox’s adjusted earnings from continuing operations excluded net after-tax charges of $11.3 million; a $31.4 million asset write-down associated with Refrigeration divestitures; a net gain of $18.0 million from the sale of the Australia and Asia businesses and Sydney-area real estate; and a net gain of $2.1 million for various other items.

Segment Results

During Q2 2018, Lennox’s Residential Heating & Cooling business segment’s revenues rose 10% to a record $716 million. The segment’s profit was a record $154 million, up 9%; while its margin remained flat at the record level of 21.5%. The segment’s results were positively impacted by a higher volume; a higher price; sourcing and engineering-led cost reductions; lower selling, general, and administrative expenses (SG&A); and a favorable foreign exchange.

For Q2 2018, Lennox’s Commercial Heating & Cooling business segment’s revenues advanced 13% to a record $292 million. The segment’s profit rose 18% to a record $53 million, while its margin expanded 70 bps to 18.0%. The segment’s results were positively impacted by a higher volume; a higher price; sourcing and engineering-led cost reductions; and a favorable warranty.

Lennox’s Refrigeration business segment’s revenues were $150 million on an adjusted basis in Q2 2018, up 2%. The segment’s profit was up 5% to $22 million, while its margin expanded 40 bps to 14.9%. The segment’s results were positively impacted by a higher volume; a higher price; engineering-led cost reductions; sourcing benefits, including selling refrigerant allocations in Europe; and a favorable foreign exchange.

Cash Matters

During Q2 2018, Lennox’s net cash from operations was $49 million compared to $59 million in Q2 2017. The Company’s capital expenditure was $21 million in the reported quarter versus $19 million in the prior year’s comparable quarter. For Q2 2018, Lennox free cash flow was $28 million compared to approximately $41 million in Q2 2017.

Lennox’s total debt was $1.35 billion at the end of Q2 2018. The Company’s total cash and cash equivalents were $39 million at the end of June 2018. During Q2 2018, Lennox paid $21 million in dividends and $200 million for stock repurchases.

Outlook for FY18

For FY18, Lennox updated its guidance for GAAP revenue growth from 4% – 8%, with a benefit of 1% from foreign exchange, to 4% – 6%; in order to reflect the timing of Refrigeration divestitures and neutral foreign exchange. The Company also raised its guidance for adjusted revenue growth from 4% – 8%, with a benefit of 1% from foreign exchange, to 6% – 8%, with a neutral foreign exchange.

Lennox raised its GAAP earnings per share from continuing operations guidance from $8.79 – $9.39 to $9.43 – $9.83, and also raised its adjusted earnings per share from continuing operations guidance from $9.75 – $10.35 to $9.95 – $10.35. Additionally, Lennox raised its stock repurchase guidance from $350 million to $450 million.

Stock Performance Snapshot

July 27, 2018 – At Friday’s closing bell, Lennox International’s stock slightly climbed 0.70%, ending the trading session at $211.12.

Volume traded for the day: 272.09 thousand shares.

Stock performance in the last month – up 8.92%; previous three-month period – up 6.50%; past twelve-month period – up 22.68%; and year-to-date – up 1.37%

After last Friday’s close, Lennox International’s market cap was at $8.47 billion.

Price to Earnings (P/E) ratio was at 24.80.

The stock has a dividend yield of 1.21%.

The stock is part of the Industrial Goods sector, categorized under the Diversified Machinery industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 507182