Category: Featured

Featured, Services Sector, Tech IPO

Realty Income Posts Rapid Increase in Acquisition Numbers

Realty Income announced $503 million of acquisitions for its third quarter as well as the issuance of as many as 7.475 million shares of its common stock to help fund the deals. This acquisition activity brings Realty Income to a total of $4.57 billion of new property investments so far in 2013, its most acquisitive year ever. Of that $4.57 billion total, $3.2 billion was spent … Continue reading Realty Income Posts Rapid Increase in Acquisition Numbers

Adam KeintzelLeave 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