Streetbeat News

Revenues

OMI

Owens & Minor (OMI) has projected its fiscal year 2024 revenue to be between $10.5 billion and $10.9 billion.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:40 am

HRI

Herc Holdings has reaffirmed its FY24 guidance, projecting equipment rental revenue growth of 7% to 10% and adjusted EBITDA between $1.55 billion and $1.60 billion.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:38 am

GM

General Motors (GM) has raised its 2024 EBIT-adjusted guidance from $12.5B-$14.5B to $13.0B-$15.0B and increased its 2024 automotive operating cash flow guidance from $18.3B-$21.3B to $19.2B-$22.2B.

Portfolio Pulse from Bill Haddad

July 23, 2024 | 10:34 am

KMB

Kimberly-Clark expects its FY24 organic net sales to grow at a mid-single-digit rate. However, reported net sales are anticipated to be negatively impacted by 400 basis points due to currency translation and 120 basis points from divestitures.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:33 am

HRI

Herc Holdings (NYSE:HRI) reported Q2 earnings of $2.60 per share, missing the analyst estimate of $2.91 by 10.65%. However, sales were $848 million, beating the estimate of $832.02 million and showing a 5.74% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:33 am

PHM

PulteGroup (NYSE:PHM) reported Q2 2024 earnings per share (EPS) of $3.83, surpassing the analyst consensus estimate of $3.26 by 17.48%. The company also reported quarterly sales of $4.600 billion, beating the estimate of $4.491 billion by 2.43%. This represents a 9.78% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:32 am

KMB

Kimberly-Clark (NYSE:KMB) reported Q2 2024 adjusted EPS of $1.96, beating the $1.71 estimate, but sales of $5.029 billion missed the $5.109 billion estimate. EPS increased by 18.79% year-over-year, while sales decreased by 2.05%.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:32 am

GM

General Motors (NYSE:GM) reported Q2 2024 adjusted EPS of $3.06, beating the estimate of $2.72. Sales were $47.969 billion, surpassing the $45.302 billion estimate and showing a 7.20% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:30 am

GE

GE Aerospace has raised its FY24 outlook, now expecting revenue growth in the high single digits, up from the previous low single digits. The adjusted EPS forecast has also been increased to $3.95-$4.20, compared to the prior $3.80-$4.05, and is in line with the $4.08 estimate.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:29 am

GE

GE Aerospace reported a significant increase in total orders for Q2, reaching $11.2 billion, an 18% year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 10:26 am