Category: Mergers & Acquisitions

Gilead Sciences GILD NASDAQ:GILD
Analysis, BioTech, Commodities, Diversified Tech, Finance, Global Equity, Mergers & Acquisitions, Semiconductors, Services Sector, software, Software, Tech IPO

Avnet Reports Soft Sales to Western Markets, Growth in Asia

We’re maintaining our fair value estimate and moat rating for Avnet AVT after it reported third-quarter results that indicate trepidation from enterprise businesses in Western markets, but continued growth in emerging markets. Avnet generated $6.3 billion of total sales, in line with seasonality and our own expectations. Pro-forma sales to higher-margin Western markets (EMEA and Americas) declined year-overyear in both of Avnet’s segments—electronics marketing (EM) … Continue reading Avnet Reports Soft Sales to Western Markets, Growth in Asia

John MeadyLeave a comment
Analysis, BioTech, Commodities, Diversified Tech, Finance, Global Equity, Mergers & Acquisitions, Semiconductors, Services Sector, Software, software, Tech IPO

Ametek Delivers Earnings Growth in First Quarter

Ametek AME delivered first-quarter earnings of $0.51 per diluted share, an 11% increase versus the first quarter of 2012. While operating margin performance was ahead of pace to meet our full-year expectation, revenue growth, including acquisitions, of 7% was a bit weaker than we anticipated. Management increased the bottom end of its full-year EPS guidance from $2.07 to $2.08, resulting in a new midpoint of … Continue reading Ametek Delivers Earnings Growth in First Quarter

John MeadyLeave a comment
Analysis, BioTech, Commodities, Diversified Tech, Finance, Global Equity, Mergers & Acquisitions, Semiconductors, Services Sector, Software, software, Tech IPO

American Electric Power Posts Flat First-Quarter Earnings

American Electric Power AEP reported $0.80 ongoing EPS for the first quarter of 2013, flat from the year-ago quarter. Management reaffirmed ongoing 2013 EPS guidance of $3.05 to $3.25. The company recently announced a $0.49 quarterly dividend, a 4.3% increase and in line with the previously announced increased targeted dividend payout ratio of 60% to 70%. We are reaffirming our 2013 EPS forecast, our $48 … Continue reading American Electric Power Posts Flat First-Quarter Earnings

John MeadyLeave a comment
Analysis, BioTech, Commodities, Diversified Tech, Finance, Global Equity, Mergers & Acquisitions, Semiconductors, Services Sector, Software, software, Tech IPO

Range’s First-Quarter Results Come in Ahead of Expectations

Range Resources RRC reported first-quarter results Thursday. Quarterly production came in at 876 MMcfe per day, up 4% sequentially and 34% year over year and above both the company’s guidance and our forecast of 839 MMcfe/d. Growth was led by Range’s Marcellus acreage, where the firm continued to deliver impressive results across both its liquids-rich and dry-gas areas. Range maintained its 2013 guidance of 20%-25% … Continue reading Range’s First-Quarter Results Come in Ahead of Expectations

John MeadyLeave a comment
Mergers & Acquisitions, Software

Textura Corporation Acquires LATISTA

On Thursday, after the markets closed, Textura announced that it acquired LATISTA for $35 million in cash; the deal is expected to close on December 2. LATISTA provides in‐the‐field project management applications, such as punch lists and document management. The company has a similar business model to Textura, as it charges general contractors based on the total construction value of projects that are using the … Continue reading Textura Corporation Acquires LATISTA

Colin Pettis
FB Nasdaq FB Facebook
Finance, Mergers & Acquisitions, software, Software

Western Digital Surpasses Expectations in Fiscal Q3

Western Digital posted third quarter results that surpassed our expectations and management’s quarterly guidance, making it clear that the market hasn’t forgotten about hard disk drives (HDDs). While Western Digital’s near-term prospects are better than we had anticipated, we are maintaining our stable moat rating as these opportunities are balanced by adverse secular trends that will likely limit the company’s long-term performance. Sales in the … Continue reading Western Digital Surpasses Expectations in Fiscal Q3

Richard AtkinsLeave a comment