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VNT

Vontier forecasts FY24 sales to be between $3.040B and $3.100B, aligning closely with the $3.096B estimate. The company also reiterated its adjusted EPS guidance of $3.00 to $3.15, which is in line with the $3.12 estimate. Key highlights include a core sales growth of 4 to 6%, an adjusted operating profit margin expansion of 80 to 110 basis points year-over-year, and an adjusted free cash flow conversion of approximately 90 to 100%.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 10:37 am

BWA

BorgWarner's board has authorized a new share repurchase program, allowing the company to buy back up to $500 million worth of its shares over the next three years. This move is part of BorgWarner's strategy to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 10:34 am

LXP

LXP Industrial Trust projects its 2024 EPS to be between $0.08 and $0.12, an improvement from its previous forecast of $(0.02) to $0.02. The company also expects its Adjusted FFO to range from $0.61 to $0.65 per diluted common share, aligning with the consensus estimate of $0.63.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 10:18 am

XRAY

Dentsply Sirona announced its plan to repurchase up to $150 million of its common stock in the second quarter of 2024. This move is part of the company's strategy to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 10:07 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) is seeking shareholder reapproval for CEO Elon Musk's 2018 compensation plan, previously voided by a Delaware court. Environmental expert Eric Roesch criticized the plan as excessive, highlighting its disproportion to Tesla's financials. Tesla's revenue and net income have significantly grown, with the company aiming for a shareholder vote on the compensation package, now valued at $44.9 billion. The upcoming shareholder meeting is expected to be contentious due to recent stock performance and the magnitude of Musk's proposed payout.

Portfolio Pulse from Shanthi Rexaline

May 02, 2024 | 9:55 am

SHEL

Shell plans to maintain its capital expenditure (capex) for 2024 at $22 billion to $25 billion. The company has also revised its adjusted earnings outlook, now expecting a net expense of $1.7 billion to $2.3 billion, up from the previous forecast of $1.5 billion to $2.1 billion.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 6:36 am

SHEL

Shell plc has initiated a $3.5 billion share buyback program aimed at reducing its issued share capital. The program, set to last around three months, will see all repurchased shares cancelled. Completion is targeted before the Q2 2024 results announcement on August 1.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 6:31 am

INN

Summit Hotel Properties projects its FY24 adjusted Funds From Operations (FFO) to be in the range of $0.90 to $1.00, compared to the estimated $0.92.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:06 pm

SRI

Stoneridge, Inc. has updated its FY24 earnings per share (EPS) guidance to $0.30-$0.40, aligning with the estimated $0.30. The company also forecasts sales to be between $990 million and $1.010 billion, closely matching the estimated $992.854 million.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:02 pm

FARO

FARO Technologies projects Q2 revenue between $79M-$87M, slightly below the estimated $85.24M, with adjusted EPS ranging from $(0.08) to $0.12, against an estimate of $(0.02). The company anticipates a gross margin of 50.5% to 52.0%, and a non-GAAP gross margin of 51.0% to 52.5%. It also expects a net loss per share of ($0.43) to ($0.23) for the quarter ending June 30, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 9:59 pm