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DAILY EARNINGS

Greenbrier, RPM Intl Surge; Monsanto Net Tumbles


Author: Mukesh Buch
ticker.com
Last Update: 2:50 AM ET January 07 2015

12:30 AM New York Greenbrier first-quarter net soared 113% to $33 million. Monsanto first-quarter net tumbled 34% to $243 million. MSC Ind first-quarter net fell 3% to $57million. RPM Intl second-quarter net climbed 10% to $70 million. Supervalu third-quarter net surged 155% to $79 million.

Tollbooth Index gained 0.5% or 44.76 to 9,811.95.

Earnings Review

Greenbrier Companies Inc (GBX), the railroad freight car equipment maker said total revenues in the first-quarter ending in November rose 0.9% to $495.1 million from a year ago period.

Net income in the quarter soared 113% to $32.8 million or $1.01 a diluted share compared to $15.4 million or 49 cents from the same quarter last year.

Separately, today the company signed an agreement to acquire a 19.5% stake in Amsted-Maxion Hortolandia, the railcar manufacturer in South America for $15 million.

Monsanto Company (MON), the agricultural products provider reported net sales in the first-quarter ending in November declined 6.5% to $2.87 billion from a year ago period.

Net income in the quarter tumbled 34% to $243 million or 50 cents a diluted share compared to $368 million or 69 cents from a same quarter last year.

MSC Industrial Direct Co Inc (MSM), the metalwork repairing service provider said net sales in the first-quarter ending in November jumped 7.8% to $731.1 million from a year ago period.

Net income in the quarter slipped 2.7% to $57.4 million or 91 cents a diluted share compared to $59 million or 93 cents from a same quarter last year.

MSC forecasted net sales for second-quarter between $717 million and $729 million and adjusted diluted earnings per share for the fiscal second quarter in the range of 84 cents to 88 cents.

RPM International Inc (RPM), the print and coating product maker stated net sales in the second-quarter ending in November was flat at $1.07 billion from a year ago period.

Net income in the quarter climbed 9.7% to $69.8 million or 52 cents a diluted share compared to $63.6 million or 48 cents from a same quarter last year.

Supervalu Inc (SVU), the wholesale grocery retailer reported net sales in the third-quarter ending on November 29 jumped 4.8% to $4.20 billion from a year ago period.

Net income in the quarter surged 154.8% to $79 million or 30 cents a diluted share compared to $31 million or 12 cents from a same quarter last year.

Schulman A Inc (SHLM) plummeted 4.2% or $1.54 to $34.77 after the plastic master-batch supplier stated net sales in the first-quarter ending in November rose 5% to $615.1 million from a year ago period.

Net income in the quarter plunged 12.6% to $13.2 million or 45 cents a diluted share compared to $15.1 million or 52 cents from a same quarter last year.

UniFirst Corp (UNF), the workplace uniform provider said revenues in the first-quarter ending on November 29 climbed 6.8% to $370.4 million from a year ago period.

Net income in the quarter jumped 8.6% to $37.4 million or $1.85 a diluted share compared to $34.5 million or $1.71 from a 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