$IFF expects to contribute a total of approx. $30MM to its non-US pension plans during 2015. During 3Q15, there were no contributions made to the qualified US pension plans. In 3Q15, $3.6MM of contributions were made to the non-US plans.
Medical technology company $SYK reported 10.4% increase in its 1Q17 earnings, helped by increased revenue growth. Net earnings rose to $444MM from $402MM during 1Q16. Diluted EPS rose 9.3% to $1.17 from $1.07 in prior year quarter. Net sales rose 18.4% YoY to $2.96Bil. Excluding items, $SYK earned $1.48 per share, up 19.4%.
In 1Q17, $CMG saw a 28.1% jump in revenue to $1.07Bil, with comparable restaurant sales soaring 17.8% and restaurant-level operating margin rising to 17.7% from 6.8%. Net income was $46.1MM, improved from last year's net loss of $26.4MM. Diluted EPS was $1.60 vs. diluted net loss per share of $0.88, helped by 57 new restaurants this quarter.
Life science research company $ILMN's earnings for 1Q17
quadrupled, helped by a pre-tax gain of $453MM resulting from the GRAIL
repurchase of shares from $ILMN. Net income jumped 314% to $373MM or $2.52 per
share from $90MM or $0.60 per share a year ago. Revenue increased 4.54% to