$SJM said that David West will assume the role of Strategic Advisor to the Executive Committee, effective March 1, 2016. At the conclusion of his employment agreement, on April 30, 2016, David will remain a member of the Company's Board of Directors, advising in areas that include corporate strategy and growth capabilities.
$BF.A$BF.B said the company is comfortable with the Tequila portfolio currently. On pricing, the company added that the pricing in US and Mexico is holding steady. The company also commented that Tequila, and especially El Jimador and Herradura brands, have grown their sales mainly through volume and not through pricing.
$DIOD sees 4Q16 revenue to be impacted by as much as $10MM, with revised revenue range for such quarter now being $222-238MM. Gross margin is also expected to be cut by about 3% to 29.2% of revenue, plus or minus 1%. Non-GAAP operating expenses of 23.5% of revenue, plus or minus 1%, and weighted shares to calculate EPS of 49.5MM remain unchanged.
$DIOD said its wafer fab in Lee's Summit, MO (KFAB) experienced a fire in its wet etch wafer fabrication area on Nov. 18, 2016. Due to the fire, all production in KFAB has been temporarily suspended. Repair plans have been submitted to landlord and to city for approval. Once approval is received, $DIOD expects repairs to take 1-3 days.
$JW.A$JW.B signed two new society contracts in 2Q17 with combined annual revenue of $2.7MM; 12 contracts were renewed with combined annual revenue of $7.9MM and one contract with annual revenue of $1.6MM was not renewed. Journal Subscriptions increased 1% on a constant currency basis, with 99% of targeted business contracted for 2016.