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
$SVU cut full-year adjusted EBITDA outlook due to softer than prior expected 2Q business performance in its Retail and Save-A-Lot segments. In spite of this recent new business in its Wholesale segment will begin to positively contribute to results later this fiscal year. Full year adjusted EBITDA is now likely to be about 5% lower than last year.
$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.