5:31PM Papa John's reaffirmed 2008 EPS above consensus; co guides FY09 EPS above consensus (PZZA) 16.26 -0.31 : Co reaffirmed its guidance above consensus; co says earnings for 2008 would be near the $1.68 low end of the previously announced range of $1.68-1.76, excluding the impact of BIBP and other items vs $1.57 First Call consensus. Co issues upside guidance; co guides FY09 EPS of $1.62-1.75, excluding BIBP, and excluding $0.30-0.35 per share unfavorable impact of 2009 initiatives not expected to reoccur in 2010, vs $1.61 consensus. Consolidated revenues are expected to be relatively flat in 2009 as compared to 2008 results. Domestic system-wide comparable sales are expected to range from flat to a decrease of 2% in 2009, with results for company-owned and franchised units expected to be relatively consistent. Consolidated revenues are expected to be relatively flat in 2009 as compared to 2008 results. Capital expenditures for 2009 are expected to be ~$30-35 mln, allocated relatively evenly between growth, cost reduction and ongoing maintenance initiatives.
4:18PM Monolithic Power lowers Q4 revs guidance (MPWR) 10.37 +0.16 : Co lowers guidance for Q4 (Dec), sees Q4 (Dec) revs of $34-35 mln, down from prior $39-43 mln vs. $38.46 mln First Call consensus. Co also sees Q4 gross margin in the lower end of the target range of 60% to 63%. "Since the beginning of November, MPS has seen a sharp decline in demand across all segments, reflecting the weak macroeconomic environment worldwide. It is very difficult to forecast in the current conditions, but our best estimate for fourth quarter revenue is between 34 and 35 million dollars, assuming there are no cancellations or pull-ins. Despite the current economic environment, MPS is still a very profitable company."
4:06PM Titan Machinery beats by $0.22, beats on revs; guides FY09 EPS above consensus, revs above consensus (TITN) 14.10 -0.89 : Reports Q3 (Oct) earnings of $0.45 per share, $0.22 better than the First Call consensus of $0.23; revenues rose 62.0% year/year to $214 mln vs the $162.3 mln consensus. Co issues upside guidance for FY09, sees EPS of $1.07-1.11 up from $0.89-0.94 vs. $0.93 consensus; sees FY09 revs of $635-675 mln up from $590-635 mln vs. $631.03 mln consensus.
9:32AM Life Partners Holdings sees Q3 EPS of $0.61 vs $0.55 single analyst est; revs $28.1 mln vs $25.20 mln single analyst est (LPHI) 32.40 +1.13 : Co announces a quarter of record earnings as it issued guidance for its third fiscal quarter ended November 30, 2008. For the quarter, Life Partners expects to report a 38% increase in net earnings which were $7.3 mln or $0.61 per share ($0.55 single analyst est) compared with earnings of $5.2 mln or $0.44 per share for the same period of last year. For the quarter ended November 30, 2008, Life Partners expects to report $28.1 mln in revenues ($25.20 single analyst est), a 46% increase over the $19.3 mln it reported for the same period last year.
9:11AM China Architectural Engineering expects FY08 EPS of $0.34-$0.37 (CAEI) 2.65 : Co announces that it is negatively revising its guidance for its Q4 ending Dec 31, 2008 due to increased cost estimates for certain running projects and an expected $2.5 mln bad debt provision. The company expects earnings for 2008 to be between $18-$20 mln, or $0.34-$0.37 per basic earnings per share for FY08. vs $0.55 single analyst estimate. Bert Grisel, the company's recently announced CFO said, "These prudent accounting measures demonstrates management is committed to following effective internal control procedures, including, but not limited to, regular reviews of our budgeted costs. Our status as a public company requires that we adhere to the highest quality of financial reporting standards and we will continue to focus and review our internal and external control where necessary, to ensure we meet these requirements."
7:37AM Honeywell sees reaffirms 08 guidance; sees FY09 EPS of $3.20-3.55 vs $3.37 First Call consensus; sees revs $33.6-35.3 bln vs $35.92 bln First Call consensus (HON) 28.95 : Co expects 2008 sales of approximately $36.6 bln, earnings per share of $3.76-3.80, and free cash flow of $3.2 bln, excluding cash taxes relating to the sale of the Consumable Solutions business (cash flow from operations of $4.0 bln). In 2009, the co forecasts sales of $33.6-35.3 bln and earnings per share of $3.20-3.55. Cash flow from operations is expected to be $3.9-4.1 bln and free cash flow (cash flow from operations less capital expenditures) is expected to be $3.0-3.2 bln. Co says "Great companies perform well even in tough economic times and we are well positioned to continue to do that again in 2009, "We expect to derive benefits from the repositioning actions taken over the past several years, as well as from our key initiatives including the Honeywell Operating System, Velocity Product Development, and Functional Transformation. In addition, we will continue to be a strong generator of free cash flow in 2009, which will provide us with ongoing financial flexibility."
Showing posts with label CAEI. Show all posts
Showing posts with label CAEI. Show all posts
Monday, December 15, 2008
Tuesday, September 23, 2008
Earnings - 23rd Sept 2008
11:51AM China Architectural Engineering sees third quarter 2008 earnings near high end of earlier guidance (CAEI) 7.69 +0.81 : Co issues an update on its previously-announced guidance for Q3. Co now expects net income for Q3 to reach near the high end of the $8-10 mln range projected on August 11, 2008. At earnings of $10 mln, or $0.18 per fully diluted share (note single estimate is $0.17), third quarter 2008 net income would be 219% above the $3.13 mln in net income reported in the third quarter of 2007. Co also reiterates its revenue guidance for Q3 of 2008, with revenues expected to reach at least $45 mln (vs $51.20 mln single estimate), representing a year-over-year increase of at least 66%. The expected rise is primarily due to the continued expansion of CAE's business outside its home market of Mainland China and into the U.S., Middle East and non-Asian markets. The revenue mix between domestic (China) and international projects now stands at a 50%-50% ratio, more than a quarter ahead of schedule.
9:10AM ArvinMeritor raises FY08 EPS guidance above consensus (ARM) 14.76 : Co raises its FY08 EPS, before special items, to be in range of $1.55-$1.65, vs First Call consensus of $1.54, up from the top end of the previous range of $1.40-$1.60. ARM also expects improved cash flow performance compared to its previous guidance. In Q3, the company forecasted free cash flow for FY08 to be in the range of negative $50 mln to negative $100 mln. Chip McClure, chairman, CEO and president, said, "Although we continue to operate in an uncertain economic environment, the ArvinMeritor team has executed well this year. We are pleased that we are able to improve our outlook for fiscal year 2008 despite weaker market conditions in North America and Europe."
9:00AM A-Power Energy signs its first sales contract for 2.7 MW wind turbines (APWR) 13.91 : Co announces that it has signed a sales contract with China National Automation Control System for the sale of five 2.7 MW wind turbines. Delivery of the five units is planned to occur in 4Q08. These wind turbines will be the first to be produced at APWR's new wind turbine production facility in Shenyang, China. This facility consists of two production lines with a designed annual capacity of 300 units of 2.7MW wind turbines and 420 units of 750kW wind turbines, totaling over 1.1GW in annual output.
7:05AM Asia Time Corporation increases its outlook for 2008 revenue and net earnings growth (TYM) 3.36 : Co announces it has increased its outlook for 2008 revenue and net earnings growth based on strong year-to-date performance. Management now expects revenue and net earnings to increase more than 50% year-over-year for 2008, an increase from the previously reported growth target of 30% over 2007. "July was a particularly strong month with approx $18.6 mln in rev and $2.5 mln in gross profit - more than double what we delivered in the same month last year," As previously reported, Asia Time's first half 2008 financial highlights include: -- 78.5% year-over-year net sales increase to $75.0 mln-- 96.6% year-over-year gross profit increase to $11.0 mln-- Net income of $5.7 mln, or $0.21 per diluted share.
6:18AM Air Products lowers Q408 EPS guidance (APD) 80.28 : Co issues downside guidance for Q4 (Sep), sees EPS of $1.24-1.26 vs. $1.40 First Call consensus. This revised outlook for the quarter is primarily attributable to the following factors: A fire sustained at the co's Ulsan, Korea nitrogen trifluoride production facility required the plant to be shut down and is expected to impact fourth quarter EPS by $0.05. Air Products has been able to continue supplying NF3 to its customers. The co anticipates bringing the Ulsan plant back online beginning in January 2009. Hurricanes Gustav and Ike reduced short-term demand from U.S. Gulf Coast customers and drove temporary increases in operational costs. This is expected to affect fourth quarter EPS by $0.05. The continued strengthening of the dollar against the Euro and Pound Sterling is expected to negatively impact fourth quarter EPS by $0.03. The slowdown in both semiconductor foundry and LCD manufacturing has lowered demand for electronic equipment and materials and is expected to impact fourth quarter EPS by $0.03. Further weakening of the manufacturing environment in Europe has slowed sales and is expected to reduce fourth quarter EPS by $0.03. The co expects to see a favorable tax rate due to lower taxable income, which is expected to favorably impact Q4 EPS by $0.03.
6:15AM Lennar misses by $0.04, beats on revs (LEN) 13.74 : Reports Q3 (Aug) loss of $0.56 per share, includes $0.53 per share charge related to valuation adjustments and other write-offs, $0.04 worse than the First Call consensus of ($0.52); revenues fell 52.7% year/year to $1.11 bln vs the $1.07 bln consensus. Revenues from home sales decreased 54% in Q308 to $995.7 mln from $2.2 bln in 2007. Revenues were lower primarily due to a 49% decrease in the number of home deliveries and a 9% decrease in the average sales price of homes delivered in 2008. New home deliveries, excluding unconsolidated entities, decreased to 3,694 homes in the third quarter of 2008 from 7,266 homes last year. In Q308, new home deliveries were lower in each of the co's homebuilding segments and Homebuilding Other, compared to 2007. The average sales price of homes delivered decreased to $270,000 in Q308 from $296,000 in the same period last year, due to reduced pricing. Sales incentives offered to homebuyers were $45,900 and $46,000 per home delivered, respectively, in the third quarter of 2008 and 2007.
9:10AM ArvinMeritor raises FY08 EPS guidance above consensus (ARM) 14.76 : Co raises its FY08 EPS, before special items, to be in range of $1.55-$1.65, vs First Call consensus of $1.54, up from the top end of the previous range of $1.40-$1.60. ARM also expects improved cash flow performance compared to its previous guidance. In Q3, the company forecasted free cash flow for FY08 to be in the range of negative $50 mln to negative $100 mln. Chip McClure, chairman, CEO and president, said, "Although we continue to operate in an uncertain economic environment, the ArvinMeritor team has executed well this year. We are pleased that we are able to improve our outlook for fiscal year 2008 despite weaker market conditions in North America and Europe."
9:00AM A-Power Energy signs its first sales contract for 2.7 MW wind turbines (APWR) 13.91 : Co announces that it has signed a sales contract with China National Automation Control System for the sale of five 2.7 MW wind turbines. Delivery of the five units is planned to occur in 4Q08. These wind turbines will be the first to be produced at APWR's new wind turbine production facility in Shenyang, China. This facility consists of two production lines with a designed annual capacity of 300 units of 2.7MW wind turbines and 420 units of 750kW wind turbines, totaling over 1.1GW in annual output.
7:05AM Asia Time Corporation increases its outlook for 2008 revenue and net earnings growth (TYM) 3.36 : Co announces it has increased its outlook for 2008 revenue and net earnings growth based on strong year-to-date performance. Management now expects revenue and net earnings to increase more than 50% year-over-year for 2008, an increase from the previously reported growth target of 30% over 2007. "July was a particularly strong month with approx $18.6 mln in rev and $2.5 mln in gross profit - more than double what we delivered in the same month last year," As previously reported, Asia Time's first half 2008 financial highlights include: -- 78.5% year-over-year net sales increase to $75.0 mln-- 96.6% year-over-year gross profit increase to $11.0 mln-- Net income of $5.7 mln, or $0.21 per diluted share.
6:18AM Air Products lowers Q408 EPS guidance (APD) 80.28 : Co issues downside guidance for Q4 (Sep), sees EPS of $1.24-1.26 vs. $1.40 First Call consensus. This revised outlook for the quarter is primarily attributable to the following factors: A fire sustained at the co's Ulsan, Korea nitrogen trifluoride production facility required the plant to be shut down and is expected to impact fourth quarter EPS by $0.05. Air Products has been able to continue supplying NF3 to its customers. The co anticipates bringing the Ulsan plant back online beginning in January 2009. Hurricanes Gustav and Ike reduced short-term demand from U.S. Gulf Coast customers and drove temporary increases in operational costs. This is expected to affect fourth quarter EPS by $0.05. The continued strengthening of the dollar against the Euro and Pound Sterling is expected to negatively impact fourth quarter EPS by $0.03. The slowdown in both semiconductor foundry and LCD manufacturing has lowered demand for electronic equipment and materials and is expected to impact fourth quarter EPS by $0.03. Further weakening of the manufacturing environment in Europe has slowed sales and is expected to reduce fourth quarter EPS by $0.03. The co expects to see a favorable tax rate due to lower taxable income, which is expected to favorably impact Q4 EPS by $0.03.
6:15AM Lennar misses by $0.04, beats on revs (LEN) 13.74 : Reports Q3 (Aug) loss of $0.56 per share, includes $0.53 per share charge related to valuation adjustments and other write-offs, $0.04 worse than the First Call consensus of ($0.52); revenues fell 52.7% year/year to $1.11 bln vs the $1.07 bln consensus. Revenues from home sales decreased 54% in Q308 to $995.7 mln from $2.2 bln in 2007. Revenues were lower primarily due to a 49% decrease in the number of home deliveries and a 9% decrease in the average sales price of homes delivered in 2008. New home deliveries, excluding unconsolidated entities, decreased to 3,694 homes in the third quarter of 2008 from 7,266 homes last year. In Q308, new home deliveries were lower in each of the co's homebuilding segments and Homebuilding Other, compared to 2007. The average sales price of homes delivered decreased to $270,000 in Q308 from $296,000 in the same period last year, due to reduced pricing. Sales incentives offered to homebuyers were $45,900 and $46,000 per home delivered, respectively, in the third quarter of 2008 and 2007.
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