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Consolidated SG&A for 3Q15 was 5.5% of net sales for $MLM compared with 5.3% in 3Q14. The increase reflects higher pension expenses in 2015. During 3Q15, $MLM incurred a loss of $25.1MM on the sale of the California Cement business and $3.6MM of related expenses subsequent to the transaction.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.