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DAILY EARNINGS

Cintas, Clarcor, Lennar Net Jump; Tech Data Net Tumbles


Author: Mukesh Buch
ticker.com
Last Update: 1:29 PM ET March 19 2015

12:30 AM New York Cintas third-quarter net climbed 12% to $95 million. Clarcor first-quarter net soared 10% to $27 million. Lennar first-quarter net surged 47% to $115 million. Tech Data fourth-quarter net tumbled 27% to $81 million. Williams-Sonoma fourth-quarter net climbed 10% to $147 million.

Tollbooth Index fell 0.6% or 28.35 to 10,526.54.

Earnings Review

Cintas Corporation (CTAS), the businesses services provider said total revenues in the third-quarter ending in February slid 0.2% to $1.11 billion from a year ago period.

Net income in the quarter climbed 12.2% to $94.9 million or 80 cents per diluted share compared to $84.6 million or 69 cents from the same quarter last year.

For the fiscal 2015, the company forecasted revenue to be in the range of $4.46 billion to $4.49 billion and earnings per share between $3.55 and $3.58.

Clarcor Inc (CLC), the filtration products maker reported net sales in the first-quarter ending in February climbed 12.3% to $351.1 million from a year ago period.

Net income in the quarter soared 9.9% to $26.7 million or 53 cents per diluted share compared to $24.3 million or 48 cents from the same quarter last year.

Herman Miller, Inc (MLHR), the furniture designer stated net sales in the third-quarter ending in February soared 13.3% to $516.4 million form a year ago period.

Net income in the quarter jumped 8.2% to $21 million or 35 cents per diluted share compared to $19.4 million or 33 cents from the same quarter last year.

Herman forecasted sales for the fourth-quarter between $530 million to $560 million and earnings per share in the range of 39 cents to 43 cents.

Lennar Corporation (LEN), the real estate developer stated total revenues in the first-quarter ending in February soared 21% to $1.64 billion from a year ago period.

Net income in the quarter surged 47.2% to $114.96 million or 50 cents per diluted share compared to $78.1 million or 35 cents from the same quarter last year.

Tech Data Corp (TECD), the technology products wholesaler said net sales in the fourth-quarter ending in January declined 8% to $7.34 billion form a year ago period.

Net income in the quarter tumbled 26.5% to $80.7 million or $2.11 per diluted share compared to $109.8 million or $2.87 from the same quarter last year.

Williams-Sonoma, Inc (WSM), the home furnishing retailer reported total revenues in the fourth-quarter ending on February 1 jumped 4.8% to $1.54 billion from a year ago period.

Net income in the quarter climbed 9.5% to $147 million or $1.57 per diluted share compared to $133.8 million or $1.38 from the same quarter last year.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc