Streetbeat News

Earnings

RS

Reliance anticipates sustained healthy demand trends into Q1 2024, despite ongoing macroeconomic uncertainties and geopolitical issues.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:58 am

GPC

Genuine Parts Company (GPC) has provided its FY24 outlook, projecting adjusted EPS of $9.70-$9.90, slightly above the $9.84 estimate. Revenue is expected to grow by 3%-5%, with automotive sales growth at 2%-4% and industrial sales growth at 3%-5%. The company anticipates diluted EPS of $8.95-$9.15, an effective tax rate of approximately 24%, net cash from operating activities between $1.3 billion and $1.5 billion, and free cash flow of $800 million to $1 billion.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:57 am

GPC

Genuine Parts (NYSE:GPC) reported Q4 adjusted EPS of $2.26, surpassing the $2.19 estimate, marking a 10.24% year-over-year increase. However, their sales of $5.58B fell short of the $5.64B estimate, a slight 1.10% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:56 am

RS

Reliance Steel & Aluminum (RS) reported Q4 adjusted EPS of $4.73, surpassing the $3.92 estimate, with sales of $3.34B also beating the $3.30B estimate. However, this represents a decrease from the previous year's earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:54 am

YETI

YETI shares are trading lower following the release of their Q4 financial results, which fell short of estimates. Additionally, the company's guidance for FY24 earnings is below the consensus expectations.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:53 am

ARCH

Arch Resources (NYSE:ARCH) reported Q4 earnings of $6.07 per share, missing the $7.35 estimate, a 73.81% decrease from last year. Sales were $774.02M, beating the $706.66M estimate but down 9.94% from last year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:53 am

JMIA

Jumia Technologies reported a decrease in Q4 sales to $59.41M, down 10.64% from $66.48M YoY. The loss narrowed to $(20)M from $(51.41)M YoY.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:51 am

MTRN

Materion Corporation projects its adjusted earnings per share (EPS) for fiscal year 2024 to be in the range of $6.10 to $6.50, compared to the analyst estimate of $6.29.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:49 am

DNOW

DNOW reported Q4 adjusted EPS of $0.22, surpassing the $0.17 estimate, with sales of $555M also beating the $540.83M estimate. This represents a 12% decrease in EPS from last year but a 1.46% increase in sales.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:49 am

NS

NuStar Energy has provided a positive financial outlook for FY24, projecting a net income of $220M-$260M and EBITDA of $720M-$780M, even as it anticipates a merger with Sunoco LP to close in Q2 2024. The company also plans to self-fund its operational expenses, growth capital, and distributions, aiming for a year-end debt-to-EBITDA ratio below four times.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:48 am