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THR

Thermon Group Holdings has updated its FY23 revenue forecast to $462M-$488M, up from the previous estimate of $455M-$485M. The company also increased its adjusted EPS forecast to $1.69-$1.83, up from $1.66-$1.82. Both new estimates exceed market expectations.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:55 pm

APTV

Aptiv PLC has projected its net sales for FY23 to be between $19.95 billion and $20.25 billion, which is higher than the estimated $17.79 billion.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:55 pm

IRM

Iron Mountain Inc has reiterated its FY23 revenue forecast of $5.5B-$5.6B, which is in line with the estimated $5.54B. The company also expects its AFFO per share to be between $3.91 and $4.00.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:55 pm

SBH

Sally Beauty Holdings has revised its FY23 net sales forecast, expecting a low-single digit year-on-year decline. The company also adjusted its operating margin to 9.0% - 9.4%, compared to the previous 8.5% - 9.5%.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:54 pm

NJR

New Jersey Resources (NYSE:NJR) reported Q3 earnings of $0.10 per share, beating the analyst consensus estimate of $(0.03) by 433.33%. However, the company's quarterly sales of $264.07 million missed the analyst consensus estimate of $547.71 million by 51.79%. This represents a 52.19% decrease over sales of $552.34 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:54 pm

KTB

Kontoor Brands has reaffirmed its FY2023 GAAP EPS guidance of $4.55-4.75, against an estimate of $4.43. The company expects revenue to increase at a low-single digit percentage over 2022, with stronger growth in the second half of the year. Adjusted gross margin is expected to be between 43.5% and 44.0%, and adjusted SG&A is expected to increase at a mid-single digit percentage. Capital expenditures are expected to be between $35 million and $40 million.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:54 pm

BLD

TopBuild has raised its FY23 sales outlook to $5.025B-$5.175B, up from the previous estimate of $4.7B-$4.9B. This is also higher than the market estimate of $4.91B. The company's adjusted EBITDA for 2023 is expected to be between $950M and $1B.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:54 pm

TRMB

Trimble (NASDAQ:TRMB) reported Q2 earnings of $0.64 per share, beating the analyst consensus estimate of $0.58 by 10.34%. The company also reported quarterly sales of $993.60 million, surpassing the analyst consensus estimate of $979.08 million by 1.48%. This represents a 5.57% increase over sales of $941.20 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:54 pm

VNT

Vontier Corporation has updated its FY23 adjusted EPS forecast to $2.79-$2.87, previously $2.77-$2.87, against a consensus of $2.86. The company expects total and core sales to decrease by low-to-mid-single digits.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:53 pm

TKR

Timken (NYSE:TKR) reported Q2 earnings of $2.01 per share, missing the analyst consensus estimate of $2.07 by 2.9%. The company also reported quarterly sales of $1.27 billion, missing the analyst consensus estimate of $1.29 billion by 1.40%. However, this is a 10.23% increase over sales of $1.15 billion the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:53 pm