$INGR (Ingredion Incorporated)

$INGR {{ '2016-08-17T18:25:23+0000' | timeago}} • Announcement

$INGR said it agreed to buy the rice starch and rice flour business from Sun Flour Industry based in Banglen, Thailand. Details of the transaction have not been disclosed. Once acquisition is complete, $INGR will have four manufacturing facilities and 870 employees in Thailand, including the 120 employees joining the company from Sun Flour.

$GIS {{ '2017-09-21T13:28:05+0000' | timeago}} • Webcast

$GIS said retail margin changes wasn't really a big driver in 1Q18. Looking at retail sales, what drove the company's positive pricing was a combination of two things. One is baseline sales outpaced its growth overall so $GIS still has 300 basis point improvement on overall sales. And the other was good quality merchandizing.

$GIS {{ '2017-09-21T13:00:54+0000' | timeago}} • Webcast

$GIS expects to lessen the declines on its adjusted operating profit margin and adjusted EPS in 2Q18 and to drive growth on those measures in the 2H18. The company reiterated that it remains on track to deliver the FY18 guidance $GIS outlined in July.

$GIS {{ '2017-09-21T12:57:52+0000' | timeago}} • Webcast

$GIS' adjusted gross margin for 1Q18 fell 230 basis points and adjusted operating margin was down 210 basis points, due to volume deleverage, higher input cost including currency-driven inflation on imported products and unfavorable trade expense phasing. $GIS expects each of these margin drivers to turn more favorable in the remainder of 2018.

$GIS {{ '2017-09-21T12:56:58+0000' | timeago}} • Webcast

$GIS anticipated a slow start to the year 2018 on adjusted operating profit and adjusted EPS driven by sales declines in the phasing of input cost, expenses and cost savings. $GIS expects sales results to strengthen and 1Q18 margin headwinds to lessen in the remainder of 2018, driving growth on profit EPS in 2H.

$GIS {{ '2017-09-20T12:04:17+0000' | timeago}} • Infographic

$GIS General Mills Earnings AlphaGraphic: Q1 2018 Highlights

$GIS {{ '2017-09-20T11:29:40+0000' | timeago}} • Announcement

Net sales for $GIS' Europe & Australia segment for 1Q18 rose 3% to $492MM, with benefits from net price realization and mix and favorable foreign currency exchange. Net sales for the Asia & Latin America fell 8% to $392MM, due to reporting calendar timing shift and challenges related to enterprise reporting system implementation in Brazil.

$GIS {{ '2017-09-20T11:26:49+0000' | timeago}} • Announcement

$GIS still expects FY18 organic net sales to decline 1-2%, an improvement of 200-300 basis points over FY17 results, and constant-currency adjusted EPS to increase 1-2% from the base of $3.08 earned in FY17. $GIS still sees constant-currency operating profit to be flat to up 1% and adjusted operating profit margin to be above year-ago levels.

$GIS {{ '2017-09-20T11:24:13+0000' | timeago}} • Announcement

Net sales for $GIS' Convenience Stores & Foodservice segment were essentially flat to year-ago levels at $447 million, due largely to growth in cereal and frozen meals offset by declines in yogurt and biscuits. Organic net sales were also flat to last year.

$GIS {{ '2017-09-20T11:24:03+0000' | timeago}} • Announcement

Net sales for $GIS' North America Retail segment totaled $2.44Bil for 1Q18, down 5% from prior year, reflecting low single-digit declines in contributions from volume and net price realization and mix. Net sales were down double-digits in the U.S. Yogurt operating unit, driven by continued declines for Yoplait Greek and Yoplait Light products.

$GIS {{ '2017-09-20T11:23:51+0000' | timeago}} • Announcement

By directing resources toward these global priorities, $GIS expects to drive a 200 to 300 basis point improvement in its organic net sales trends in FY18. This represents an important step in returning the business to consistent organic net sales growth.

$GIS {{ '2017-09-20T11:23:40+0000' | timeago}} • Announcement

For FY18, $GIS identified 4 global growth priorities: growing cereal globally, including CPW; improving U.S. yogurt through innovation; investing in differential growth opportunities including Haagen-Dazs ice cream, snack bars, Old El Paso Mexican food, and natural and organic food brands; and managing Foundation brands with appropriate investment.

$GIS {{ '2017-09-20T11:23:15+0000' | timeago}} • Announcement

$GIS posted 1Q18 adjusted EPS of $0.71, down 9% from the prior year. Constant-currency adjusted EPS also fell 9%, reflecting lower adjusted operating profit, partially offset by lower interest, taxes, and average diluted shares outstanding in the quarter.

$GIS {{ '2017-09-20T11:23:03+0000' | timeago}} • Announcement

$GIS reported a 1.1% decline in 1Q18 earnings due to lower sales and volume declines in the North America Retail and Asia & Latin America segments. Net income fell to $404.7MM from $409MM last year, while EPS increased 3% to $0.69 from $0.67 on lower average diluted shares outstanding. Net sales tumbled 4% to $3.77Bil.

$POST {{ '2017-09-19T17:30:34+0000' | timeago}} • Announcement

$POST announced that it will acquire $BOBE for $77.00 per share, at an equity value of $1.5Bil. Jim Dwyer will continue in his current role as President and CEO of the Michael Foods Group. Post management expects Bob Evans to contribute approximately $107MM of adjusted EBITDA on an annual basis.

$BOBE {{ '2017-09-19T16:38:36+0000' | timeago}} • Announcement

Rowley Law PLLC is investigating potential claims against $BOBE and its BoD for breach of fiduciary duty concerning the proposed acquisition of the company by $POST for $77.00 per share in cash. The transaction is valued at about $1.5Bil and is expected to close in the calendar 1Q18.

$MED {{ '2017-09-18T15:36:43+0000' | timeago}} • Announcement

$MED plans to begin the transition of its headquarters from Owings Mills to Baltimore City within the next few months, and complete the move by the end of 2017. More than 160 employees will move to the new downtown headquarters, while manufacturing facility and related staff will remain at current location.

$INGR {{ '2017-09-18T13:24:03+0000' | timeago}} • Announcement

Ingredients solutions provider $INGR has appointed James Zallie as president and CEO, effective January 1, 2018. Zallie will also join the company’s board of directors. Zallie joined Ingredion in 2010 when the company acquired National Starch. Ingredion said its current CEO and President Ilene Gordon will retire in July 2018.

$INGR {{ '2017-09-15T21:14:26+0000' | timeago}} • Announcement

$INGR increased its quarterly dividend to $0.60 per share on its common stock from $0.50 per share last quarter. The dividend is payable on October 25, 2017, to stockholders of record on October 2, 2017.

$CLX {{ '2017-09-13T13:01:19+0000' | timeago}} • Announcement

$CLX said its BoD declared a quarterly dividend of 84 cents per share on the company's common stock. The dividend is payable on Nov. 13, 2017, to stockholders of record on Oct. 25, 2017.

$NWL {{ '2017-09-07T14:34:21+0000' | timeago}} • Announcement

$NWL, a consumer goods company, entered into a definitive agreement to acquire Chesapeake Bay Candle for $75MM. Based in Rockville, Chesapeake Bay Candle has an annual net sales of approx. $55MM. The acquisition will be reported as part of Newell Brands’ Live segment and funded from cash on hand at the time of closing, probably in 4Q17.

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