$TY (Tri-Continental Corporation)

$TY {{ '2016-03-04T15:14:12+0000' | timeago}} • Announcement

$TY said it declared 1Q distribution of $0.2155 per common share and $0.6250 per preferred share. Dividends on common stock will be paid on March 22 to common stockholders of record on March 14 and dividends on preferred stock will be paid on April 1 to preferred stockholders of record on March 14. The ex-dividend for both is March 10.

$SHW {{ '2017-07-20T14:50:57+0000' | timeago}} • Announcement

$SHW expects 2017 core net sales to increase by a mid single digit percentage compared to full year 2016. Also, $SHW expects incremental sales from the Valspar acquisition to be about $2.4Bil in 2017. However, the company lowered its 2017 EPS guidance to $12.30-12.70 from $13.65-13.85.

$SHW {{ '2017-07-20T14:47:08+0000' | timeago}} • Announcement

$SHW expects 3Q17 core net sales to increase a low to mid single digit percentage compared to last year. The company predicts 3Q17 EPS of $3.70-4.10, including a $1.10 charge from costs associated with the Valspar acquisition, and includes an EPS increase of $0.40-0.60 from Valspar operations.

$SHW {{ '2017-07-20T14:45:09+0000' | timeago}} • Announcement

$SHW's net sales in the Consumer Brands Group for 2Q17 grew 16% from last year, due primarily to the inclusion of Valspar sales for the month of June. The Performance Coatings Group's net sales climbed 48% due primarily to one month of Valspar sales, higher paint sales volume and selling price increases.

$SHW {{ '2017-07-20T14:41:07+0000' | timeago}} • Announcement

$SHW's net sales in the Americas Group for 2Q17 increased 8.7% from last year. This was due primarily to higher architectural paint sales volume across most end market segments, the impact of the change in revenue classification and selling price increases.

$SHW {{ '2017-07-20T14:39:18+0000' | timeago}} • Announcement

$SHW's net sales for 2Q17 increased 16% from last year. This was due primarily to the addition of Valspar sales for the month of June and higher paint sales volume in The Americas Group and the Performance Coatings Group. The change in revenue classification increased sales 2.2%.

$SHW {{ '2017-07-20T14:38:26+0000' | timeago}} • Announcement

$SHW reported a drop in 2Q17 earnings due to charge related to the divestiture of the Valspar North American Industrial Wood Coatings business and acquisition-related costs. Net income fell to $319.11MM or $3.36 per share from $378.06MM or $3.99 per share last year. Net sales grew to $3.74Bil from $3.22Bil.

$GWW {{ '2017-07-19T19:32:05+0000' | timeago}} • Webcast

In the US segment, $GWW said it expects volume growth of 6-8% in the back half of the year, based on price changes. The company, meanwhile, did not give a month-wise update on volume growth.

$GWW {{ '2017-07-19T18:59:11+0000' | timeago}} • Webcast

$GWW said its mid-size customer volume continued to accelerate throughout 2Q17 and was positive for the first time in five years during the quarter. The company added that currently, about 50% of the mid-size customer volume is on more competitive pricing.

$GWW {{ '2017-07-19T14:00:08+0000' | timeago}} • Infographic

$GWW W.W. Grainger, Inc. Earnings AlphaGraphic: Q2 2017 Highlights

$GWW {{ '2017-07-19T12:44:44+0000' | timeago}} • Announcement

$GWW's sales for the US segment were up 1% YoY in 2Q17, driven by a 5 percentage point increase from volume. Canada segment sales fell 3% in US dollars, while sales for the Other Businesses increased 11% during this period.

$GWW {{ '2017-07-19T12:41:24+0000' | timeago}} • Announcement

In the US segment, $GWW's gains from the sale of assets in 2Q17 were offset by restructuring costs. The Canadian business announced plans to close 59 branches in 2017 as part of restructuring. $GWW also announced the wind-down of its business in Colombia. Restructuring items represented $1.07 per share in charges.  Excluding them, EPS decreased 5%.

$GWW {{ '2017-07-19T12:37:57+0000' | timeago}} • Announcement

$GWW CFO Ron Jadin announced that he will be retiring at 2017-end. Jadin joined Grainger in 1998 and has served in various financial roles including as CFO since 2008.

$GWW {{ '2017-07-19T12:34:09+0000' | timeago}} • Announcement

Despite a drastic fall in earnings in 2Q17, $GWW reiterated its 2017 sales and EPS guidance of sales growth of 1-4% and adjusted EPS of $10-11.30. CEO DG Macpherson said, "Outside the US, we took aggressive action to streamline our portfolio and focus on profitable businesses. Based on what we are seeing, we are reiterating our 2017 guidance."

$GWW {{ '2017-07-19T12:26:52+0000' | timeago}} • Announcement

Industrial supplies company $GWW saw 43% fall in net earnings in 2Q17, even as sales increased 2% to $2.61Bil. The sales growth during the quarter was spurred by its continued volume growth from the pricing initiatives in the US. Net earnings were $98MM, or $1.67 per share, compared to $173MM, or $2.79 per share in the year-over period.

$TWX {{ '2017-07-17T11:48:48+0000' | timeago}} • Announcement

$TWX's shareholders approved merger with $T. The company continues to expect the transaction to close before year-end 2017, with regulatory review of the deal underway.

$TWX {{ '2017-06-30T19:22:35+0000' | timeago}} • Announcement

$TWX has declared a regular quarterly cash dividend of $0.4025 per share. The dividend is payable on August 1, 2017, to shareholders of record as of July 10, 2017. Consistent with its merger agreement with $T, Time Warner has aligned the timing of its dividend with that of AT&T’s dividend.

$MNRO {{ '2017-06-28T17:08:04+0000' | timeago}} • Announcement

$MNRO elected lead director Robert Mellor as independent Chairman of the BoD. Robert Gross, Executive Chairman, will retire from the Board and the company at the conclusion of the annual shareholder meeting on Aug. 15, 2017.

$MNRO {{ '2017-06-28T17:04:47+0000' | timeago}} • Announcement

$MNRO elected Brett Ponton as its next President and CEO. Ponton most recently served as CEO of American Driveline Systems, the parent company of AAMCO Transmissions & Total Car Care. Ponton will succeed John Van Heel, who has decided not to renew his long-term contract when it expires on Oct. 1, 2017.

$TWX {{ '2017-06-23T16:12:00+0000' | timeago}} • Announcement

$TWX said Warner Bros. Interactive Entertainment has launched WB Games New York, a service provider of online features and web-based communities for the company’s video games. WB Games New York builds cloud-based gaming backend technology, which allows developers to quickly add online features to their games on almost any platform.

$TWX {{ '2017-06-19T21:22:10+0000' | timeago}} • Announcement

Under a new agreement, $TWX will develop and produce shows for $SNAP from across its networks and entertainment companies. These new shows will encompass a range of genres, including scripted drama and comedy.

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