On October 31, Bill Barrett Corporation (BBG) reported its third quarter financial results and updated guidance for the remainder of 2017. Although the company had a net loss of $28.8 million for the quarter, they highlighted their 26% sequential production growth. They expect production growth of 20% in 2017 compared to 2016 and another 30% […]
Granite Construction (GVA) announced on October 30 that it received a $28 million design-build light rail sub-contract from Hensel Phelps. The project is for the light rail construction in Bellevue, Washington. Granite’s work will include site demolition, grading, utility installation, and paving. Sonal caught the news and sent an alert at 5:30 pm. The […]
On November 6, Baker Hughes (BHGE), a GE company, announced that its Board of Directors authorized a $3 billion share repurchase program. Baker Hughes will repurchase up to $3 billion of its common units from BHGE and GE and then use those proceeds to repurchase its own Class A shares. At the current share price, […]
On October 26, Scientific Games Corporation (SGMS) announced that it was awarded a new 10-year contract by the Kansas Lottery for lottery gaming systems and related services. The new systems implementation is scheduled to begin in July 2018. Based in Las Vegas, Scientific Games provides gambling products and services to organizations worldwide. Sonal caught the […]
On November 1, Casella Waste Systems Inc. (CWST) announced its third-quarter earnings. Third-quarter revenues were $160.3 million, which was an increase of 6% from the previous year. They reported that the outlook for the remainder of the year looks strong, and overall waste collection pricing is up over 3%. The company increased its annual guidance […]
ZAGG Inc. (ZAGG) released its third-quarter financial reports on November 1. The company reported net income of $9.8 million in the third-quarter compared to a loss of $7.1 million during the same period last year. ZAGG increased guidance on annual net sales from between $470 and $500 million to between $500 and $520 million. They […]
On November 2, Federal Signal Corp. (FSS) reported its third-quarter earnings of $0.24 per share, which is an increase of $0.07 per share over the previous year. In addition, the company increased its earnings guidance for the year 2017. Previous estimates were for EPS of $0.77 to $0.80, but Federal Signal increased those estimates to […]
On October 26, Dana Incorporated (DAN) released its third-quarter earnings. The company posted quarterly EPS of $0.59, which beat analyst estimates of $0.56. Quarterly revenue increased 32.3% compared to the third quarter last year. Dana also increased its guidance for annual EPS to $2.30-$2.50. Sonal detected the event and issued an alert on October […]
On October 31, Cooper Standard Holdings (CPS) reported third-quarter earnings that came in below estimates. Third quarter EPS were $2.11, which was $0.26 below analyst estimates. The company, however, updated its guidance on profit margins and sales. Cooper Standard raised fourth-quarter revenue estimates from $3.55 billion to $3.58-3.61 billion. Sonal picked up the news […]
Modine Manufacturing (MOD) announced its third-quarter earnings on October 31. The company reported quarterly profits of $15.9 million compared to a loss of $4.1 million in the same period last year. They also increased 2018 earnings guidance from $1.20-$1.35 per share to $1.30-$1.45 per share. Modine manufactures heating, cooling, and ventilation equipment in Racine, Wisconsin. […]
The United States federal government spends over $400 billion per year on federal contracts for goods and services. A large portion of that spending is determined through a competitive bidding process. Businesses of all sizes are free to bid on an available government contract. In addition to federal government contracts, state and local governments also […]
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