PVH Corp (PVH) Posts Surprise Profit
Post# of 57
Posted On: 06/02/2015 2:02:25 AM
PVH Corp. (PVH) delivered stronger-than-expected quarterly profit in its financial results, driven by the strength of its Calvin Klein business.
For the first quarter 2015, PVH posted revenues of $1.88 billion, a 4.3% decrease year over year, and non-GAAP net income of $124.7 million, or $1.50 per diluted share, compared to non-GAAP net income of $122.1 million, or $1.47 per diluted share in the same quarter the prior year, exceeding the Capital IQ Consensus of $1.38 earnings per share on revenues of $1.86 billion for the period
PVH has raised its non-GAAP EPS guidance for the full year 2015 to a range of $6.85 to $6.95 from the previously reported range of $6.75 to $6.90. The company also announced a $500 million three-year stock repurchase program.
PVH, one of the world’s largest apparel companies, owns and markets the iconic Calvin Klein and Tommy Hilfiger brands worldwide.
More about PVH Corp. (PVH) at www.pvh.com
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Billionaire Larry Robbins' Glenview Capital Management, LLC disclosed on Monday in a regulatory filing (SC 13D) with the Securities and Exchange Commission (SEC) a 7.06% (9,614,197 shares) stake in Manitowoc Company, Inc. (MTW). Also, consistent with its investment intent, Glenview Capital said that it may discuss with the company options for exploring alternatives that could enhance shareholder value.
MTW recently reported first-quarter 2015 sales of $752.1 million. The company remains on track regarding the separation of its Cranes and Foodservice businesses, which is anticipated to occur during the first quarter of 2016.
MTW is a multi-industry, capital goods manufacturer with 92 manufacturing, distribution, and service facilities in 25 countries. It is comprised of two segments – cranes and foodservice equipment
More about The Manitowoc Company, Inc. (MTW) at www.manitowoc.com.
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Crown Equity Holdings Inc. (CRWE) is currently developing its CRWE PR Network, which disseminates community, state, national and global news & information and is also the portal in promoting the company's services, such as its business directory, business-to-business global trading, real estate, press release and video distribution, discounted vouchers and advertising platforms
CRWE's growing network of community targeted sites is expected to be a one-stop shop for the various needs of consumers.
Roxzu ( www.roxzu.com ) in development stage, is an on-line e-commerce coupon distribution channel and marketplace for merchants to create brand awareness for their business. The geo-location based mobile marketing application Roxzu is expected to be integrated in all the CRWE PR Network.
CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
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Disclaimer: CRWE-PR Finance is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at CRWE-PR Finance www.finance.crwe-pr.com/disclaimer
For the first quarter 2015, PVH posted revenues of $1.88 billion, a 4.3% decrease year over year, and non-GAAP net income of $124.7 million, or $1.50 per diluted share, compared to non-GAAP net income of $122.1 million, or $1.47 per diluted share in the same quarter the prior year, exceeding the Capital IQ Consensus of $1.38 earnings per share on revenues of $1.86 billion for the period
PVH has raised its non-GAAP EPS guidance for the full year 2015 to a range of $6.85 to $6.95 from the previously reported range of $6.75 to $6.90. The company also announced a $500 million three-year stock repurchase program.
PVH, one of the world’s largest apparel companies, owns and markets the iconic Calvin Klein and Tommy Hilfiger brands worldwide.
More about PVH Corp. (PVH) at www.pvh.com
**
Billionaire Larry Robbins' Glenview Capital Management, LLC disclosed on Monday in a regulatory filing (SC 13D) with the Securities and Exchange Commission (SEC) a 7.06% (9,614,197 shares) stake in Manitowoc Company, Inc. (MTW). Also, consistent with its investment intent, Glenview Capital said that it may discuss with the company options for exploring alternatives that could enhance shareholder value.
MTW recently reported first-quarter 2015 sales of $752.1 million. The company remains on track regarding the separation of its Cranes and Foodservice businesses, which is anticipated to occur during the first quarter of 2016.
MTW is a multi-industry, capital goods manufacturer with 92 manufacturing, distribution, and service facilities in 25 countries. It is comprised of two segments – cranes and foodservice equipment
More about The Manitowoc Company, Inc. (MTW) at www.manitowoc.com.
**
Crown Equity Holdings Inc. (CRWE) is currently developing its CRWE PR Network, which disseminates community, state, national and global news & information and is also the portal in promoting the company's services, such as its business directory, business-to-business global trading, real estate, press release and video distribution, discounted vouchers and advertising platforms
CRWE's growing network of community targeted sites is expected to be a one-stop shop for the various needs of consumers.
Roxzu ( www.roxzu.com ) in development stage, is an on-line e-commerce coupon distribution channel and marketplace for merchants to create brand awareness for their business. The geo-location based mobile marketing application Roxzu is expected to be integrated in all the CRWE PR Network.
CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
**
Disclaimer: CRWE-PR Finance is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at CRWE-PR Finance www.finance.crwe-pr.com/disclaimer
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