Why LCI rejected a $101 cash proposal for its Patrick merger
LCI rejected Monomoy’s $101 cash proposal and backed its Patrick merger. The board’s valuation case relies on future cash flows and expected cost savings.
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Latest reporting · Page 16
Page 16. Company news, earnings coverage and financial analysis.
How AutoNation keeps lifting adjusted earnings per share while earning less
AutoNation’s buybacks helped adjusted earnings per share rise. Adjusted profit fell from a year earlier in both the second and third quarters.
RBC Bearings didn't need its latest acquisition to beat its sales forecast
RBC Bearings beat its own sales forecast as its industrial business regained momentum. The company also paid off its term loan, while other debt remains.
nVent's sales grew 44% before its latest data-center deal could help
nVent beat its July sales forecast before Maverick Power could contribute. Its earlier results show how the mix of growth has changed.
Newell's sales recovery isn't lifting its earnings target
Newell's sales are recovering, but it cut expected operating cash flow by $250 million. Pension payments and less invoice financing help explain why.