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Revenues

NI

NiSource has reaffirmed its 2024 adjusted EPS guidance of $1.70-$1.74, aligning closely with the consensus of $1.72. The company also projects annual adjusted EPS growth of 6-8% and rate base growth of 8-10% for 2023-2028, with a capital expenditure plan of $16.4 billion for 2024-2028.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:38 am

KMT

Kennametal has released its financial outlook for FY25, projecting sales between $2.0 billion and $2.1 billion, and adjusted EPS between $1.30 and $1.70. The company expects improved operating performance, offset by higher effective tax rates and currency headwinds. Pricing actions are anticipated to cover raw material costs, wages, and general inflation. Interest expense is projected at $27 million, with an adjusted effective tax rate of 27.5%. Free operating cash flow is expected to exceed 125% of adjusted net income, with primary working capital at 30% of sales by year-end. Capital spending is forecasted at $110 million.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:35 am

PRKS

United Parks & Resorts expects to deliver new records in revenue and adjusted EBITDA in 2024, driven by strong booking trends at Discovery Cove and increased group bookings. International visitation is also up compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:35 am

PRKS

United Parks & Resorts (NYSE:PRKS) reported Q2 2024 earnings per share (EPS) of $1.46, missing the analyst estimate of $1.55 by 5.81%. Sales were $497.593 million, also missing the estimate of $503.856 million by 1.24%. Despite the misses, EPS increased by 8.15% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:34 am

KMT

Kennametal has provided its Q1 fiscal 2025 outlook, expecting sales between $480M and $500M, slightly below the $488.07M estimate. Adjusted EPS is projected to be $0.20-$0.30, significantly lower than the $0.38 estimate.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:33 am

WWW

Wolverine World Wide (NYSE:WWW) reported Q2 earnings of $0.15 per share, beating the analyst estimate of $0.12. Sales were $425.20 million, surpassing the $411.06 million estimate. However, both earnings and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:32 am

DT

Dynatrace has provided its financial outlook for FY25, projecting adjusted EPS of $0.32-$0.33, which aligns with the estimated $0.32. The company also forecasts total revenue of $404M-$407M, slightly above the estimated $404.88M.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:32 am

TECH

Bio-Techne (NASDAQ:TECH) reported Q4 2024 adjusted EPS of $0.49, meeting analyst expectations. However, the company missed its sales estimate by a small margin, reporting $306.098 million against the expected $306.491 million. This represents a 1.59% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:31 am

ZBH

Zimmer Biomet Holdings (NYSE:ZBH) reported Q2 2024 adjusted EPS of $2.01, beating the $1.99 estimate. Sales were $1.942 billion, slightly above the $1.941 billion estimate. EPS increased by 10.44% year-over-year, and sales grew by 3.85%.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:31 am

KMT

Kennametal reported its Q4 2024 results, with adjusted EPS of $0.49 beating the estimate of $0.43, and sales of $543.308 million surpassing the expected $532.026 million.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 10:31 am