Category: Diversified Tech

Diversified Tech, Tech IPO, Venture Capital

Skyworks Reports 2Q Earnings, Expects Solid 2H Growth

Skyworks Solutions reported healthy fiscal second quarter earnings. Although the company gave investors a third-quarter outlook that was modestly below our expectations, it hinted at nice growth in the second half of calendar 2013. Skyworks’ revenue was $425 million in the March quarter, slightly above the outlook of $420 million as discussed by management in January. Sales were down 6% sequentially because of seasonal weakness … Continue reading Skyworks Reports 2Q Earnings, Expects Solid 2H Growth

Kristen BartonLeave a comment
Diversified Tech, Finance, Semiconductors

MeadWestvaco Joint Ventures Highlight Q3 Earnings Report

After reviewing MeadWestvaco’s third-quarter results and the pending land sale with Plum Creek Timber, analysts do not expect to materially change the fair value estimate of $34 per share. Starting with third-quarter results, solid performance from MWV’s Industrial and Specialty Chemicals divisions again offset persistent weakness in the Food and Beverage and the Home, Health, and Beauty segments–a trend we expect to continue going into … Continue reading MeadWestvaco Joint Ventures Highlight Q3 Earnings Report

Chris LewisLeave a comment
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Diversified Tech, Featured, Finance

Forward Air Posts Strong Revenue in Q3

Forward Air’s third-quarter consolidated revenue increased 18.5%. Excluding the addition of its new temperature-controlled operation, TQI, which was acquired in March, revenue was up 10%. The core airport-to-airport business grew 4% from last year, driven by solid 5.5% tonnage growth, partly offset by a 1% fall in total yield. Forward Air Solutions (the pooled distribution business) posted solid 55% sales growth, reflecting previously announced new … Continue reading Forward Air Posts Strong Revenue in Q3

Chris LewisLeave a comment
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Diversified Tech, Featured, Finance, Services Sector

Weak Hospital Spending Hurts Varian Medical Systems Q4 Results

Varian Medical Systems reported fairly weak fiscal fourth-quarter results. The company’s performance continues to be affected by tightening U.S. radiology reimbursement for freestanding clinics and the generally weak hospital spending environment. Our narrow moat and positive moat trend ratings remain intact; we continue to believe Varian is well positioned to capitalize on its strong technological platform and produce strong results over the next decade. We’re … Continue reading Weak Hospital Spending Hurts Varian Medical Systems Q4 Results

Chris LewisLeave a comment
Diversified Tech, Featured, Finance, Semiconductors, Software

Winnebago Industries Reports Another Excellent Quarter

Winnebago Industries reported another excellent quarter to close out fiscal 2013. We plan to modestly increase our fair value estimate to reflect more expense leverage and a higher mid-cycle margin than previously modeled. Revenue for the quarter increased 31.8% year over year thanks to a 43.1% rise in motor home deliveries to 1,890 units. For the full fiscal year, deliveries were the highest in five … Continue reading Winnebago Industries Reports Another Excellent Quarter

Mark DoerrLeave a comment
Diversified Tech, Featured, Finance

Precision Castparts Posts Record Sales in Second Quarter

Precision Castparts reported record sales of $2.36 billion in the second quarter of fiscal 2014, a 23% increase including 6% organic. The surprise, once again, was the 170-basis-point increase in operating margins to 27.5%, as the company has quickly brought Titanium Metals’ midteens operating margins closer to Precision’s mid-20s levels, leaving no doubt regarding the execution ability. Solid commercial aerospace build rates, strong spares, the shipment … Continue reading Precision Castparts Posts Record Sales in Second Quarter

Mark DoerrLeave a comment