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Equity Actions

KAMN

Kaman Corporation has raised its FY23 net sales forecast to $765M-$775M, up from the previous estimate of $730.0 - $750.0 million. The company also increased its net earnings, Adjusted EBITDA, and diluted EPS expectations due to strong performance in its Engineered Products segment. However, the Operating Cash Flow and Free Cash Flow expectations remain unchanged.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:44 pm

CAR

Avis Budget Group, Inc. (NASDAQ:CAR) has announced a management realignment. Izzy Martins will be appointed as EVP & CFO, succeeding Brian Choi who will become EVP & Chief Transformation Officer. Jagdeep Pahwa will become Chairman, replacing Bernardo Hees who will continue as a Board Member. The changes are part of the company's commitment to its strategic vision and long-term success.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:44 pm

LMAT

LeMaitre Vascular has provided its Q4 and FY23 guidance. For Q4, it expects EPS of $0.34-$0.38 (vs $0.34 estimated) and revenue of $48M-$50M (vs $50.19M estimated). For FY23, it expects EPS of $1.32-$1.36 (vs $1.28 estimated) and revenue of $192.6M-$194.6M (vs $195.01M estimated). The company also mentioned special charges related to the St. Etienne factory closure.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:43 pm

MTW

The Manitowoc Company's Board of Directors has authorized a new share repurchase program of up to $35 million of the company's common stock. The program, which has no stated expiration, replaces the previous one. The company may repurchase shares in the open market based on its evaluation of market conditions and other factors.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:33 pm

SUM

Summit Materials has revised its FY23 adjusted EBITDA forecast to $560M-$570M. The company also expects capital expenditures to be around $240M-$260M.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:30 pm

PYPL

During a conference call, PayPal's CFO stated that the company is positioning itself to return to growth in its customer base.

Portfolio Pulse from Charles Gross

November 01, 2023 | 9:29 pm

DBRG

DigitalBridge Group, Inc. (NYSE:DBRG) announced that a subsidiary of the Abu Dhabi Investment Authority (ADIA) will acquire a 40% stake in Landmark Dividend LLC. The investment includes a commitment from ADIA and DigitalBridge to support Landmark's growth. The transaction requires regulatory approvals and is expected to close in the first half of 2024.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:26 pm

DXC

DXC Technology is on track to complete its $1 billion share repurchase program in fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:17 pm

CDNA

CareDx, Inc. (NASDAQ:CDNA) announced that CEO Dr. Reginald Seeto will step down from his position effective November 1, 2023, and transition to the role of Senior Advisor to the Chairperson. The company has established an Office of the CEO and initiated a search for a permanent CEO. CareDx also raised its 2023 revenue guidance to $274M-$278M, up from the estimated $255.42M.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:12 pm

BMRN

BioMarin Pharmaceutical Inc. has announced the retirement of its CEO, Jean-Jacques Bienaimé. Alexander Hardy has been appointed as the new President and Chief Executive Officer.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:10 pm