Author Archives: Stephen Percoco
Peabody Energy: Maintaining Guidance Despite Disappointing in Q1
Peabody reported a sharp decline in its 2019 first quarter revenues and profitability (even though its earnings per share rose). The declines were due to lower volumes, lower prices and higher costs in its seaborne metallurgical (SMC) and Powder River … Continue reading
United Parcel Service (UPS) 18Q1 Results
UPS reported 19Q1 EPS of $1.28, down from $1.55 a year ago. Non-GAAP EPS, which excludes the after tax impact of transformation strategy costs – i.e. costs that “will create efficiencies across the enterprise and produce higher-quality revenue growth” – … Continue reading
Meritage Homes (MTH) 18Q1 Results
Meritage reported 18Q1 diluted EPS of $0.65 per share, down from $1.07 last year, but a penny ahead of consensus estimates. Home closing revenue declined 4% to $698.7 million, as a 2% increase in unit closings was more than offset … Continue reading
AT&T (T) 18Q1 Results
AT&T reported diluted EPS of $0.56 per share, down from $0.75 a year ago. Non-GAAP adjusted EPS of $0.86 per share was up slightly from $0.85 last year and in line with consensus estimates. The difference between GAAP and non-GAAP … Continue reading
PulteGroup (PHM) 18Q1 Results
PulteGroup reported first quarter earnings of $166.8 million or $0.59 per share, even with a year ago, but still well ahead of the consensus estimate. Revenues were just short of $2.0 billion, up 1.4% from the prior year. Unit closings … Continue reading
Arch Coal (ARCH) 18Q1 Results
Arch reported 18Q1 diluted EPS of $3.91, up from $2.75 in 17Q1 and well ahead of the consensus estimate of $2.71. The gain in earnings came despite a 3.5% decline in revenues to $555.2 million, primarily because of lower expenses … Continue reading
Verizon (VZ) 18Q1 Results
Verizon reported 18Q1 GAAP earnings of $1.22 per share, better than last year’s $1.11. Non-GAAP adjusted EPS of $1.20 were also up from $1.17 last year. This year’s GAAP results benefited from a $0.02 gain on a pension adjustment related … Continue reading
Acme United Corp. (ACU) 18Q1 Results
The company reported diluted EPS of $0.24 per share, up from $0.21 a year ago. Sales declined 1% to $31.4 million due mostly to a non-repeat of a large order from a distributor who was launching a first aid kit … Continue reading
American Express 18Q1 Results: The Momentum Continues
Earnings of $1.80 per share included a $0.21 charge related to merchant fees litigation. Excluding that charge, AXP’s 2019 first quarter EPS would have been $2.01, up from $1.86 a year ago and in line with market expectations. Management reported … Continue reading
Cloud Peak Energy: Valuable Assets But Little Income
On January 29, Cloud Peak Energy (“CPE”) announced that it had hired a team of professionals to help it review its capital structure and formulate restructuring alternatives. That followed its announcement last November that it was pursuing strategic alternatives, including … Continue reading