Monday, May 29 2017 - 12:30pm
Friday, May 26 2017 - 4:00pm
Friday, May 26 2017 - 2:00pm
Friday, May 26 2017 - 1:30pm
Friday, May 26 2017 - 12:00pm
$LOW's FY16 capital forecast is approx. $1.5Bil. Expansion plans are expected to account for approx. 45% of planned net cash outflow. Investments in existing stores are expected to account for approx. 30% of net cash outflow. Approx. 20% is for corporate programs and other planned Capex, accounting for approx. 5% is for investments in distribution.
$CY announced a new wireless solution delivering advanced coexistence combining 802.11ac high-performance Wi-Fi, Bluetooth and Bluetooth Low Energy for IoT applications. This solution incorporates a USB 2.0 hub providing a common WLAN and Bluetooth interface, ideal for smart home products and network peripherals like home appliances and printers.
"Fiscal 2018 provides further organic revenue growth opportunities in the 3-5% range and increased acquisitions revenue opportunities with our lowest leverage in over five years," said Nigel Vinecombe, Executive Chairman of $LABL, as the company posted its 4Q17 results.
$LABL's net revenue rose 7% to $227.1MM in 4Q17, doubling the net attributable income to $16.7MM from last year's 8.3MM. Earnings jumped to $0.98 per diluted share from $0.49 a share, helped by increased volumes in North America, Latin America, and Australia in the quarter, along with acquisitions contributing to revenues.
$AMWD's selling, general and administrative costs for 4Q17 increased to 12.1% of net sales from 11.1% in the previous year quarter. $AMWD's expense ratio was negatively impacted by corporate business development expenses related to a potential M&A target that the company ultimately decided not to pursue.