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$POOL has signed an exclusive distribution agreement with Alawwal Properties Corp. Under the terms of the agreement, $POOL has granted Alawwal the exclusive right within the Middle East and North Africa Region to market and sell the PoolSafe product, and to form revenue share partnerships with its clients and relationships.
For full-year 2018, $WHR expects GAAP diluted EPS of $12.45-13.45 and ongoing diluted EPS of $14.50-15.50. The company expects to generate cash from operating activities of approx. $1.7-1.8Bil and free cash flow of approx. $1-1.1Bil for FY18.
$WHR reported a net loss of $268MM or $3.69 per share in 4Q17 compared to a net income of $180MM or $2.36 per share in 4Q16. This includes a one-time non-cash charge of approx. $420MM related to tax reform. 4Q17 ongoing diluted EPS was $4.10. Net sales were $5.7Bil, up 1% compared to the prior-year period.
$MSM said its sales target for 2Q18 is between $761MM and $775MM, with average daily sales estimated to grow 9.1% annually. The company expects earnings per share in the range of $1.93 to $2.03 for the second quarter. Adjusted earnings, excluding special items, are forecasted between $1.00 per share and $1.04 per share.
$MSM, a distributor of metalworking and maintenance operations, reported a marked rise in 1Q18 profit on higher sales, helped by productivity growth and inputs from acquisitions. First quarter profit was $60MM or $1.05 per share, up from $54MM or $0.96 per share reported in the same period last year. Total sales moved up 12% to $769MM.
$AVT announced the availability of the AT&T IoT Starter Kit (2nd Generation), a new System-on-Module IoT solution that provides a complete development environment for both prototyping and production of sensor-to-cloud applications and services. This kit is fully compliant with FCC, PTCRB, and AT&T network certifications for operations in the US.
$MSM's BoD declared a cash dividend of $0.58 per share, representing a 21% increase from the previous regular quarterly dividend of $0.48 per share. The dividend is payable on Jan. 30, 2018 to shareholders of record at the close of business on Jan. 16, 2018. The ex-dividend date is Jan. 12, 2018.
Electronics company $ARW has signed a definitive agreement to acquire eInfochips, an IT services company headquartered in San Jose, California. The acquisition, an initiative to expand Arrow’s IoT offerings, is expected to close later this month. The company did not disclose financial terms of the transaction.
In an effort to improve digital experience for home improvement customers, $LOW has named Vikram Singh as SVP, Chief Digital Officer, effective Jan. 4, 2018. Singh joins Lowe's most recently from $AMZN and brings extensive experience across product strategy, engineering, marketing, business development, operations and user experience design.
$MSA's BoD has elected Nishan J. Vartanian as a director of the company. Mr. Vartanian currently serves as President and COO. His election is part of a planned management succession, and coincides with an announcement made by Chairman and CEO William M. Lambert that he intends to retire as CEO in May of 2018.
$URI's subsidiary United Rentals North America, Inc. has extended the expiration date of its offer to exchange up to $750MM of its outstanding 4.875% Senior Notes due 2028 issued in a registered offering for equivalent of its new 4.875% Senior Notes due 2028. The offer is now scheduled to expire on Dec. 15, 2017.
$LOW has appointed Sylvain Prud'homme as President, International, effective Dec. 15. Prud'homme will also continue to serve as President and CEO of Lowe's Canada. This appointment follows the announcement that Richard D. Maltsbarger will be transitioning to COO of the U.S. business in February.
During the Thanksgiving weekend, a large number of consumers turned to their smartphones and computer screens for their shopping needs. Amazon, as expected, gobbled up a lion's share of the online transactions. Lets take a look at the other retailers that made a killing last weekend. $TGT $WMT $AMZN $KSS $M $COST $BBY $GME $HD $LOW