$DRH (Diamondrock Hospitality Co.)

$DRH {{ '2016-06-27T15:04:37+0000' | timeago}} • Announcement

$DRH said it expects to record a gain on the sale, which will be excluded from its reported adjusted EBITDA and adjusted FFO. The company's 2016 guidance assumed the Hotel generated adjusted EBITDA and adjusted FFO of about $3.1MM and $2.7MM, respectively, following the sale, which closed on June 8, 2016.

$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.

$INN {{ '2017-07-10T21:02:05+0000' | timeago}} • Announcement

$INN announced Hope Taitz has been appointed to the company's Board of Directors as an independent director.

$SKT {{ '2017-07-06T13:17:07+0000' | timeago}} • Announcement

$SKT declared a quarterly dividend of $0.3425 per share for the second quarter ending June 30, 2017. The dividend will be payable on August 15, 2017 to holders as on July 31, 2017.

$SKT {{ '2017-07-03T19:38:48+0000' | timeago}} • Announcement

$SKT said Tanger Properties Limited Partnership has completed a public offering of $300MM of 3.875% senior notes due 2027. The notes will pay interest semi-annually at a rate of 3.875% per annum and mature on July 15, 2027. Net proceeds will be used to redeem its 6.125% senior notes due 2020, approx $300MM in aggregate principal amount outstanding.

$SKT {{ '2017-06-28T20:44:40+0000' | timeago}} • Announcement

$SKT's operating partnership, Tanger Properties Limited Partnership agreed to sell $300MM of 3.875% senior notes due 2027 in an underwritten public offering. Tanger intends to use the net proceeds of $295.9MM from the sale of the notes, together with borrowings under its unsecured lines of credit, to redeem all of its 6.125% senior notes due 2020.

$SPG {{ '2017-06-15T17:11:54+0000' | timeago}} • Announcement

Genting Simon, a joint venture between Genting Plantations and $SPG, has opened Genting Highlands Premium Outlet, its second Premium Outlet Center in Malaysia. The 278,000 sq-ft facility will feature over 130 designers and brand name stores.

$LHO {{ '2017-06-15T15:49:37+0000' | timeago}} • Announcement

$LHO declared a quarterly dividend of $0.45 per share of beneficial interest for the quarter ending June 30, 2017. The second quarter dividend will be paid on July 17, 2017 to common shareholders of record as of June 30, 2017.

$INN {{ '2017-06-05T13:49:40+0000' | timeago}} • Announcement

$INN to acquire an 812-guestroom, 5-hotel portfolio for its affiliate from $XHR for a total purchase price of $163MM. Related to the acquisition, $INN will be executing new franchise agreements with the respective franchisors for the hotels and expects to spend approx. $13-16MM in capital improvements for these agreements.

$DRH {{ '2017-06-02T12:47:15+0000' | timeago}} • Webcast

$DRH declared a quarterly dividend of $0.125 per share to stockholders as of June 30, 2017. The dividend will be paid on July 12, 2017.

$INN {{ '2017-06-02T11:57:59+0000' | timeago}} • Announcement

$INN completed the previously announced acquisition of the 261-guestroom Courtyard by Marriott Fort Lauderdale, which includes a 0.8 acre vacant land parcel and 6,200 sq. ft. of high-quality retail space, for a total purchase price of $85MM. $INN plans to invest $1.6MM over the next year into public space improvements and a patio bar redesign.

$TCO {{ '2017-06-01T20:49:01+0000' | timeago}} • Announcement

$TCO's BoD declared quarterly dividends of $0.40625 on its 6.5% Series J Cumulative Preferred Shares and $0.390625 on its 6.25% Series K Cumulative Preferred Shares. The preferred dividends will be payable June 30, 2017, to shareholders of record on June 15, 2017.

$TCO {{ '2017-06-01T20:48:20+0000' | timeago}} • Announcement

$TCO's BoD declared a regular quarterly dividend of $0.625 per share of common stock, payable June 30, 2017, to shareholders of record on June 15, 2017.

$TCO {{ '2017-06-01T13:21:00+0000' | timeago}} • Announcement

$TCO's shareholders voted to elect all of its director nominees, Robert Taubman, Cia Buckley Marakovits and Myron Ullman III, to the BoD at the company's 2017 Annual Meeting. The shareholders approved ratification of KPMG LLP as its independent registered public accounting firm for 2017.

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