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DAILY EARNINGS

RPM Intl, Sonic Net Soar; Monsanto Net Swings to a Loss


Author: Mukesh Buch
ticker.com
Last Update: 1:46 AM ET January 06 2016

12:00 PM New York Monsanto first-quarter net swung to a loss of $253 million. MSC Indl Direct first-quarter net declined 4% to $55 million. RPM Intl second-quarter net surged 20% to $83 million. Sonic first-quarter net soared 24% to $13 million. UniFirst first-quarter net slumped 4% to $36 million.

Tollbooth Index dropped 102.33 or 0.9% to 10,498.24.

Earnings Review

Landec Corporation (LNDC), the food and biomaterials products maker said revenues in the first-quarter ending on November 29 jumped 6% from a year ago to $140.4 million.

Net income in the quarter tumbled 42% to $1.9 million or 7 cents per diluted share compared to $3.2 million or 12 cents per share from the same quarter last year.

The company forecasted revenues in the fiscal 2016 to increase between 3% and 6% and operating income in the range of 25% to 35% and net income between 10% and 20%.

Monsanto Company (MON), the agricultural products maker reported revenues in the first-quarter ending in November plunged 22.6% from a year ago to $2.22 billion.

Net in the quarter swung to a loss of $253 million or 56 cents per diluted share compared to profit of $243 million or 50 cents per share from the same quarter last year.

Monsanto forecasted earnings per share in the fiscal 2016 in the range of $4 to $4.66.

MSC Industrial Direct Co Inc (MSM), the maintenance products distributor said revenues in the first-quarter ending on November 29dropped 3.3% from a year ago to $706.8 million.

Net income in the quarter declined 4% to $55 million or 89 cents per diluted share compared to $57.4 million or 91 cents per share from the same quarter last year.

The company estimated net sales in the second-quarter between $680 million and $692 million and diluted earnings per share in the rage of 76 cents and 80 cents.

RPM International Inc (RPM), the paints and coatings maker stated revenues in the second-quarter ending in November soared 7.9% from a year ago to $1.16 billion.

Net income in the quarter surged 19.6% to $83.4 million or 62 cents per diluted share compared to $69.8 million or 52 cents per share from the same quarter last year.

Sonic Corporation (SONC), the drive-in restaurant operator said revenues in the first-quarter ending in November increased 4.2% from a year ago to $145.80 million.

Net income in the quarter soared 23.8% to $12.5 million or 24 cents per diluted share compared to $10.1 million or 18 cents per share from the same quarter last year.

The drive-in restaurant operator reaffirmed its fiscal year earnings per share outlook to increase between 16% and 20% and same store sales to increase between 2% and 4%.

UniFirst Corporation (UNF), the workplace uniforms provider reported revenues in the first-quarter ending on November 28 rose 0.8% from a year ago to $373.4 million.

Net income in the quarter slumped 4% to $35.9 million or $1.78 per diluted share compared to $37.4 million or $1.85 per share from the same quarter last year.

The uniforms provider forecasted revenues in the year in the range of $1.46 billion to $1.48 billion and earnings per share between $5.60 and $5.80.
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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