Fundamental analysis

Watsco EPS Jumps 64% to $3.71 Setting Records for Sales, Operating Profit, Operating Margin and Net Income

Retrieved on: 
Thursday, July 22, 2021
Accounting, Fundamental analysis, Profit, Management accounting, Economy, Finance, Cash flow, Corporate finance, Operating cash flow, Watsco, Net income, Earnings before interest and taxes

MIAMI, July 22, 2021 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) reported record second quarter and first-half operating results for the periods ended June 30, 2021, establishing new records for sales, operating income, operating margin, net income and earnings per share (EPS) for both periods.

Key Points: 
  • MIAMI, July 22, 2021 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) reported record second quarter and first-half operating results for the periods ended June 30, 2021, establishing new records for sales, operating income, operating margin, net income and earnings per share (EPS) for both periods.
  • The acquired businesses had annualized sales of approximately $350 million in 2020 and currently serve more than 14,000 customers from 50 locations.
  • The Company has targeted operating cash flow to exceed net income in 2021.
  • Since 2000, operating cash flow was approximately$3.3 billionversus net income of$3.2 billion, surpassing the Companys goal.

LMP Announces a Definitive Acquisition Agreement for a Kia Dealership in Connecticut, Including the Associated Real Estate, Generating Approximately $40 Million in Annualized Revenue and $1.9 Million in Adjusted EBITDA

Retrieved on: 
Thursday, July 22, 2021
Fundamental analysis, Finance, Intangible assets, Goodwill, Earnings before interest, taxes, depreciation and amortization, Money, Forward-looking statement, Economy

Purchase price of approximately $2.8 million for goodwill and $6.45 million for the associated real estate expected to be funded through a combination of cash on LMPs balance sheet and debt financing.

Key Points: 
  • Purchase price of approximately $2.8 million for goodwill and $6.45 million for the associated real estate expected to be funded through a combination of cash on LMPs balance sheet and debt financing.
  • Expected to add approximately $1.9 million in adjusted EBITDA or $0.19 per share in 2022.
  • Richard Aldahan, LMPs Chief Operating Officer, stated, This acquisition expands our Northeast footprint.
  • You are cautioned not to place undue reliance on forward-looking statements, which reflect expectations only as of this date.

PJSC Magnitogorsk Iron and Steel Works: MMK Group IFRS financial results for Q2 and H1 2021

Retrieved on: 
Thursday, July 22, 2021
Earnings before interest, taxes, depreciation and amortization, Fundamental analysis, Private equity, Profit

MMK Group's revenue increased by 49.0% quarter-on-quarter (q-o-q) to USD 3,255 mln, which reflects a growth in sales volumes amid higher global steel prices.

Key Points: 
  • MMK Group's revenue increased by 49.0% quarter-on-quarter (q-o-q) to USD 3,255 mln, which reflects a growth in sales volumes amid higher global steel prices.
  • EBITDA for Q2 2021 almost doubled q-o-q to USD 1,435 mln, reflecting revenue growth fuelled by favourable market developments.
  • Net profit was USD 1,031 mln, more than double q-o-q as a result of higher margins on the back of favourable market conditions.
  • Reliable dividend payouts are a key element of our operations, aimed at creating more value for all shareholders of the Company.

Colabor Group Reports Results for the Second Quarter 2021

Retrieved on: 
Wednesday, July 21, 2021
Cash flow, Corporate finance, Fundamental analysis

We are proud of the results generated in the second quarter.

Key Points: 
  • We are proud of the results generated in the second quarter.
  • Consolidated sales for the second quarter amounted to $108.1 million compared to $95.5 million during the corresponding quarter of 2020, an increase of 13.2%.
  • Net earnings for the second quarter were $1.7 million, compared to net loss of $2.9 million for the corresponding period of 2020.
  • Cash flows from operating activities reached $(2.9) million for the second quarter, compared to $3.2 million for the corresponding period of 2020.

Avante Logixx Inc. Announces Record Adjusted EBITDA of $6.0 Million (or $0.285 Per Share) for the Year Ended March 31, 2021 on Revenues of $91.7 Million

Retrieved on: 
Tuesday, July 20, 2021
Fundamental analysis, Finance, Money, Economy, Profit, Financial regulation, International Financial Reporting Standards, Earnings before interest, taxes, depreciation and amortization, Earnings

Not for distribution to U.S. news wire services or for dissemination in the United States

Key Points: 
  • For the reasons set forth above, readers should not place undue reliance on forward-looking information.
  • This press release includes certain measures which have not been prepared in accordance with IFRS such as EBITDA and Adjusted EBITDA.
  • Neither EBITDA nor Adjusted EBITDA is an earnings measure recognized by International Financial Reporting Standards (IFRS) and do not have a standardized meaning prescribed by IFRS.
  • Avantes method of calculating Adjusted EBITDA may differ from methods used by other issuers and, accordingly, Avantes Adjusted EBITDA may not be comparable to similar measures used by other issuers.

Avnet Announces Preliminary Results for Fourth Quarter Fiscal Year 2021

Retrieved on: 
Tuesday, July 20, 2021
Software, Hardware, Data management, Technology, Supply chain management, Logistics, Supply chain management, Transport, Retail, Corporate finance, Finance, Money, Fundamental analysis, Economy, Earnings per share, Avnet, GAAP, Generally Accepted Accounting Principles, Reconciliation, Earnings call

Avnet, Inc. (Nasdaq: AVT) today announced preliminary, unaudited results for fourth quarter sales, operating margins, and earnings per share. Sales and earnings per share will exceed the high end of previous guidance.

Key Points: 
  • The company will release the final financial results for the fourth quarter and fiscal year 2021 on August 11 after market close.
  • Following the earnings release, Avnet Chief Executive Officer Phil Gallagher and Avnet Chief Financial Officer Tom Liguori will host a webcast and teleconference at 1:30 p.m. PDT / 4:30 p.m. EDT.
  • Any analysis of results and outlook on a non-GAAP basis should be used as a complement to, and in conjunction with, results presented in accordance with GAAP.
  • The following table presents the reconciliation of preliminary non-GAAP adjusted diluted earnings per share to the preliminary GAAP diluted earnings per share for the fourth quarter of fiscal 2021 ended July 3, 2021.

ManpowerGroup Reports 2nd Quarter 2021 Results

Retrieved on: 
Tuesday, July 20, 2021
Service companies, Corporate finance, ManpowerGroup, Financial ratios, Fundamental analysis, Jonas Prising, Finance, Economy, Earnings per share

FinancialresultsinthequarterwereimpactedbytheweakerU.S.dollarrelativetoforeign currenciescomparedtotheprioryearperiod, resulting in a 13 cents positive impact to earnings per share in the quarter compared to the prior year.

Key Points: 
  • FinancialresultsinthequarterwereimpactedbytheweakerU.S.dollarrelativetoforeign currenciescomparedtotheprioryearperiod, resulting in a 13 cents positive impact to earnings per share in the quarter compared to the prior year.
  • Excluding the prior year impact of special items, on a constant currency basis, net earnings per diluted share increased 938% during the quarter.
  • Jonas Prising, ManpowerGroup Chairman & CEO, said, "Our second quarter results reflect an improving global economic environment and increased demand for our services across our key markets and brands.
  • In conjunction with its second quarter earnings release, ManpowerGroup will broadcast its conference call live over the Internet on July 20, 2021 at 7:30 a.m. CDT (8:30 a.m. EDT).

DGAP-News: Vossloh Aktiengesellschaft: Vossloh raises sales guidance for full-year 2021, EBIT margin guidance confirmed

Retrieved on: 
Monday, July 19, 2021
Finance, Money, Profit, Fundamental analysis, Private equity, Vossloh, Economy, Earnings before interest, taxes, depreciation and amortization, ebit, Werdohl, Margin at risk

Vossloh Aktiengesellschaft: Vossloh raises sales guidance for full-year 2021, EBIT margin guidance confirmed

Key Points: 
  • Vossloh Aktiengesellschaft: Vossloh raises sales guidance for full-year 2021, EBIT margin guidance confirmed
    The issuer is solely responsible for the content of this announcement.
  • Vossloh raises sales guidance for full-year 2021, EBIT margin guidance confirmed
    Werdohl, July 19, 2021.
  • In terms of profitability, Vossloh continues to anticipate an EBITDA margin of 13 to 14 percent and an EBIT margin of 7 to 8 percent for fiscal year 2021.
  • Accordingly, the EBIT margin was 9.2% (previous year: 7.6%) and the EBITDA margin 14.8% (previous year: 14.0%).

LMP Announces a Definitive Acquisition Agreement for General Motors and Nissan Dealerships in Texas, Including the Associated Real Estate, Generating Approximately $250 Million in Annualized Revenue and $27 Million in Adjusted EBITDA

Retrieved on: 
Monday, July 19, 2021
Fundamental analysis, Earnings before interest, taxes, depreciation and amortization, Private equity, Profit

Purchase price, including real estate, of approximately $141 million expected to be funded through a combination of cash on LMPs balance sheet, $42 million in common stock and debt financing.

Key Points: 
  • Purchase price, including real estate, of approximately $141 million expected to be funded through a combination of cash on LMPs balance sheet, $42 million in common stock and debt financing.
  • Expected to add approximately $27 million in adjusted EBITDA or $2.19 per share in 2022.
  • We project these additions to our network have the potential to add approximately $5 billion in revenue, $229 million in adjusted EBITDA or $8.80 in adjusted EBITDA per share.
  • You are cautioned not to place undue reliance on forward-looking statements, which reflect expectations only as of this date.

Ellington Financial Announces Estimated Book Value Per Common Share as of June 30, 2021

Retrieved on: 
Friday, July 16, 2021
Banking, Professional services, Finance, Valuation, Finance, Money, Financial economics, Fundamental analysis, Ellington Management Group, Investment, Book value, New York Stock Exchange

Ellington Financial Inc. (NYSE:EFC) (the "Company") today announced its estimated book value per common share of $18.47 as of June 30, 2021.

Key Points: 
  • Ellington Financial Inc. (NYSE:EFC) (the "Company") today announced its estimated book value per common share of $18.47 as of June 30, 2021.
  • Estimated book value per common share is subject to change upon completion of the Company's month-end and quarter-end valuation procedures relating to its investment positions, and any such change could be material.
  • Examples of forward-looking statements in this press release include statements regarding the Company's book value per common share.
  • Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C.