MSC Industrial’s Rocky Q2 Earnings Hint At A Cautious FY24 Outlook: Details
MSC Industrial reported decline in Q2 net sales, adjusted operating income and EPS, despite strong gross margin performance and cash flow generation.
Home Depot Scores Big With $18.25B SRS Acquisition, Boosts Addressable Market To $1T
Home Depot will acquire SRS Distribution Inc. for $18.25B. The deal is expected to close by end of fiscal 2024 and be dilutive to GAAP EPS but accretive from a cash EPS perspective.
Why Chemical Company Chemours Shares Are Plunging Premarket Today
Chemours shares fall as internal review reveals delayed payments and lack of transparency in management.
Ally Financial Taps Discover Financial Services Head Michael Rhodes As Its New CEO
Ally Financial appoints Michael G. Rhodes as new CEO effective April 2024, with extensive experience in digital and consumer banking.
Can CSG Systems Become A Billion Dollar Beacon In A Crowded Tech Market? Analyst Says Yes
Analyst bullish on CSG Systems' plan to grow to $1.5B by CY/25E, with potential for 2-6% organic growth and M&As driving EPS.
Closing Chapter: UBS And Apollo Wrap Up Agreements, Marking Carve-Out Of Former Credit Suisse Business
UBS inks deal with Apollo to wind down Non-Core and Legacy portfolio, reducing risk and gaining $0.3B in Q1 2024. Credit Suisse expects $0.9B loss.
Tsakos Energy Navigation Sails Past Revenue Estimates Despite Choppy Waters In Q4
Tsakos Energy Navigation Ltd reported Q4 revenue of $220.2M, down from $270.3M in prior year. EPS was $0.85, below $3.17 in prior year. Adjusted EBITDA was $124M. Cash reserves at $377M, debt at $1.56. Plans to pay $0.60 dividend in June 2024, double the amount in 2023.
Kimberly-Clark To Streamline Operations, Cut Workforce
Kimberly-Clark unveils transformation strategy to drive growth, optimize margins, and restructure operations with focus on innovation and sustainability. FY24 outlook reiterated.
Why Information Technology Company MariaDB Shares Are Rocketing Wednesday
MariaDB plc stock rises due to Progress Software's offer of $0.60/share, 216% premium to Feb 5. Also higher than K1's $0.55/share offer.
What’s Going On HSBC Shares Premarket Wednesday?
HSBC launches $150M Venture Debt offering in Singapore and $1B ASEAN Growth Fund, aiming to support high-growth companies and digital platform businesses.