10:45 AM New York – Amerco fourth quarter net soared 149% to $25.4 million. Navistar second quarter net swung to $172 million loss. Pall Corp. third quarter net increased 11% to $78.9 million. Men’s Wearhouse first quarter net decreased 1.82% to $26.9 million. UTi Worldwide first quarter net surged 48.3% to $12.9 million.
Earnings Review
American Greetings Corporation (
AM), the seasonal cards maker acquired assets of UK based Clinton Cards PLC and certain of its subsidiaries and also acquired the senior secured debt of Clinton Cards for $56 million. The acquisition includes approx 400 stores and saving 4500 jobs. American Greetings is one of the biggest suppliers of Clinton''s.
Amerco (
UHAL), the holding Company reported total revenue in the fourth quarter ending in March increased 7.2% to $523 million compared to $488 million in the same period last year. Net earnings in the quarter soared 149% to $25.4 million or $1.29 per diluted share compared to $10.2 million or 52 cents per share a year ago quarter.
Lululemon Athletica Inc. (
LULU), the athletic apparel retailer reported net revenue in the first quarter ending on April 29 increased 52% to $285.7 million compared to $186.8 million in the same period last year. Comparable stores sales increased to 25% for the first quarter.
Net income in the quarter soared 30.5% to $43.6 million or 32 cents per diluted share compared to $33.4 million or 23 cents per share a year ago quarter.
Molina Healthcare, Inc. (
MOH), the health care solution provider cited an uncertainty surrounding to medical costs in Texas it’s withdraw from fiscal 2012 earnings guidance.
Navistar International Corporation (
NAV), the holding company reported total net sales in the second quarter ending on April 28 edged down to $3.30 billion compared to $3.35 billion in the same period last year. Net loss in the quarter swung to $172 million or $2.50 per diluted share compared to net income of $74 million or 93 cents per share a year ago earlier.
Navistar updated guidance for adjusted profit for fiscal year ended October 31, 2012 to be between $600 million and $750 million.
Pall Corporation (
PLL), the purification technology provider reported total sales in the third quarter ending in April inched up 0.6% to $658 million compared to $654 million in the same period last year. Net income in the quarter increased 11% to $78.9 million or 67 cents per diluted share compared to $71.1 million or 60 cents per share a year ago period.
The J. M. Smucker Company (
SJM), the food products maker reported total net sales in the fourth quarter ending in April grew 14.3% to $1.36 billion compared to $1.19 billion in the same period last year. Net income in the quarter increased 9.7% to $104.1 million or 93 cents per diluted share compared to $94.9 million or 82 cents per share a year ago earlier.
Titan Machinery Inc. (
TITN), the agricultural and construction equipments retailer reported total revenue in the first quarter ending in April soared 33% to $421.7 million compared to $318.2 million in the same period last year. Net income in the quarter rose 4.2% to $7.5 million or 36 cents per diluted share compared to $7.2 million or 40 cents per share a year ago period.
Company reiterates fiscal 2013 revenue and earnings guidance. Revenue expected of $1.95 billion to $2.1 billion, net income to be between $53.8 million and $58.0 million and earnings per share in the range of $2.55 to $2.75.
The Men’s Wearhouse, Inc. (
MW), the specialty retailer reported total net sales in the first quarter ending on April 28 increased 1.1% to $586.6 million compared to $580.3 million in the same period last year. Net income in the quarter decreased 1.82% to $26.9 million or 52 cents per diluted share compared to $27.4 million or 52 cents per share a year ago earlier.
For the fiscal year which is 53 week year the company expects earnings per share to increase 13% to 17% to in a range of $2.70 to $2.78 from the prior year.
UTi Worldwide Inc., (UTIW)), the holding company reported revenue in the first quarter ending in April decreased 4.2% to $1.15 billion compared to $1.20 billion in the same period last year. Net earnings in the quarter surged 48.3% to $12.9 million or 12 cents per diluted share compared to $8.7 million or 8 cents per share a year ago quarter.