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TT

Trane Technologies has raised its FY23 outlook, expecting an adjusted EPS of $9.00, up from the previous range of $8.80 to $8.90, and above the estimated $8.87. The company also anticipates revenue growth of 10%-11%, up from the prior estimate of around 10%. Organic revenue growth for FY23 is expected to be 8%-9% compared to full-year 2022.

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November 01, 2023 | 10:17 am

FDP

Fresh Del Monte Produce (NYSE:FDP) reported Q3 adjusted earnings of $0.35 per share, missing the analyst consensus estimate of $0.42 by 16.67%. This is a 35.19% decrease from the same period last year. The company also reported quarterly sales of $1.00 billion, missing the analyst consensus estimate of $1.07 billion by 6.26%, a 4.84% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 10:15 am

KMT

Kennametal has reiterated its FY24 sales forecast of $2.1B-$2.2B and adjusted EPS of $1.75-$2.15. The company remains focused on its multi-year growth and innovation strategy.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 10:13 am

DD

DuPont has reaffirmed its FY23 adjusted EPS outlook of $3.45, which is in line with estimates. However, the company has lowered its revenue outlook to $12.17 billion from the previous range of $12.45 billion to $12.55 billion, which is below the $12.45 billion estimate.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 10:13 am

SITE

SiteOne Landscape has projected its Q4 adjusted EBITDA to be between $400M-$410M. The company also anticipates price deflation to moderate in 2024, but it will continue to be a headwind for the remainder of the year.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 10:11 am

AXTA

Axalta Coating Systems (AXTA) has projected its FY23 net sales growth outlook to be in the mid-single-digits and adjusted EBITDA to be around $950 million.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 10:10 am

TEL

TE Connectivity (NYSE:TEL) reported Q4 earnings of $1.78 per share, beating the analyst consensus estimate of $1.76 by 1.14 percent. However, this is a 5.32 percent decrease from the same period last year. The company also reported quarterly sales of $4.04 billion, beating the analyst consensus estimate of $4.01 billion by 0.62 percent, but this is a 7.43 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 10:08 am

LPX

Louisiana-Pacific Corporation (LPX) expects a decrease in net sales for its Siding division by approximately 10% YoY in FY23. The company also anticipates a sequential decline in OSB's net sales by around 30% in 4Q23, with an expected adjusted EBITDA of $60M-$80M. Capital expenditures for 2023 are projected to be between $280M and $295M.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 10:08 am

DD

DuPont de Nemours (NYSE:DD) reported Q3 earnings of $0.92 per share, beating the analyst consensus estimate of $0.84 by 9.52%. However, the company's quarterly sales of $3.06 billion missed the analyst consensus estimate of $3.15 billion by 2.92%. This represents a 12.2% increase in earnings but a 7.81% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 10:07 am

SITE

SiteOne Landscape Supply (NYSE:SITE) reported Q3 earnings of $1.25 per share, missing the analyst consensus estimate of $1.44 by 13.19%. This is a 21.88% decrease from the same period last year. However, the company reported quarterly sales of $1.15 billion, beating the analyst consensus estimate of $1.14 billion by 0.44%. This is a 3.81% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 10:05 am