Streetbeat News

Revenues

BWMX

Betterware de México (BWMX) clarifies its agreement to sell the Jafra México office building in Mexico City, countering a Bloomberg report about the sale's cancellation. The sale, valued at Ps. 385.7 million, is part of a strategy to offload non-strategic assets and reduce debt. Proceeds will be received over three years, and Jafra México plans to relocate to a more modern, leased office in June 2024 to enhance competitiveness and employee well-being.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:35 pm

PCH

PotlatchDeltic reported Q1 sales of $228.127M, missing the consensus estimate of $229.544M by 0.62%, marking an 11.57% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:29 pm

LGCL

Lucas (LGCL) reported a significant increase in its FY23 financial performance, with revenues reaching $208M, up 92.3% YoY. Gross margin improved slightly to 28.4%, and net income saw a substantial rise of 115% to $11M compared to the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:26 pm

SMPL

The Simply Good Foods Company announced its expectation for OWYN to achieve net sales of approximately $120 million, indicating a positive outlook for the brand's performance.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:24 pm

SMPL

The Simply Good Foods Company (NASDAQ:SMPL) announced its acquisition of Only What You Need (OWYN) for $280 million in cash, aiming to expand its portfolio in the fast-growing RTD protein shake market. OWYN, known for its plant-based, allergen-free shakes, is expected to achieve net sales of $120 million in 2024. The acquisition, financed through cash and committed financing from Barclays and Deutsche Bank, is anticipated to close by the end of fiscal year 2024. This strategic move is expected to enhance Simply Good Foods' presence in the nutritional snacking category and provide growth opportunities through increased distribution, household penetration, and product innovation.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:23 pm

CNO

CNO Financial Group reported Q1 2024 earnings of $0.52 per share, missing the consensus estimate of $0.65 by 20%. However, their quarterly sales of $1.156 billion exceeded expectations by 23.54%, marking a 14.91% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:21 pm

NTST

Netstreit (NTST) reported Q1 2024 FFO of $0.31 per share, surpassing the $0.29 estimate, with sales of $37.673M exceeding the $36.982M forecast, marking a 27.91% year-over-year increase.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:19 pm

PARA

Paramount+ reported a 51% year-over-year revenue increase and surpassed 71 million global subscribers, adding 3.7 million net subscribers in the quarter.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:10 pm

CLW

Clearwater Paper's CEO, Arsen Kitch, anticipates ongoing strength in tissue performance and a rebound in paperboard demand for the current year. He also believes that customer de-stocking has largely concluded. Additionally, Kitch expressed enthusiasm about finalizing the acquisition of Augusta and welcoming their team to Clearwater Paper.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:08 pm

PARA

Paramount Global reported a 17% increase in Q1 total advertising revenue and a 6% rise in total company revenue.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:08 pm