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Ares Management Makes Investment in DuPage Medical Group

Ares Management Makes Investment in DuPage Medical Group

August 16, 2017 at 2:27 pm 0 comments

Physician Group DuPage Medical Group said Wednesday it has entered a strategic partnership under which funds managed by the private equity group of Ares Management LP (ARES) have invested $1.45 billion. DuPage said the investment by Ares will enable continued support for growth initiatives across the entire organization, including the company’s practice management company, DMG Practice Management Solutions, and DuPageRead More

Applied Industrial Technologies Fiscal Q4 Results Top Estimates

Applied Industrial Technologies Fiscal Q4 Results Top Estimates

August 11, 2017 at 4:21 pm 0 comments

Applied Industrial Technologies reported fiscal Q4 sales were $681.5 million, an increase of 7.5% from the year-ago period and above the CapIQ mean for $680.2 million. Earnings in the quarter ended June 30 rose to $1.34 per share, including a $0.56 benefit, and up from $0.66 last year. Excluding the benefit, EPS would have been $0.78. Forecasts were for bothRead More

Lithia Motors Buys Downtown Los Angeles Auto Group

Lithia Motors Buys Downtown Los Angeles Auto Group

August 8, 2017 at 4:05 pm 0 comments

Lithia Motors said on Tuesday it has acquired Downtown Los Angeles Auto Group (DTLA) for an undisclosed sum and raised its FY earnings guidance. The company said the acquisition deploys about half of the $300 million raised in a recent senior notes offering. DTLA, comprised of Audi, Mercedes-Benz, Nissan, Porsche, Toyota, and Volkswagen stores located in downtown Los Angeles andRead More

Church & Dwight Company Q2 EPS Beats Street as Revenues Miss

Church & Dwight Company Q2 EPS Beats Street as Revenues Miss

August 3, 2017 at 4:09 pm 0 comments

Church & Dwight Company shares were down over 4% pre-market Thursday after the company reported Q2 adjusted EPS of $0.41, down from $0.43 a year earlier, but still exceeding Capital IQ’s poll estimate of $0.39 for the quarter. Revenues rose to $898.0 from $877.4 million, but lagged the $903.9 million estimate. For Q3, the company expects reported and organic salesRead More

Tutor Perini Unit Wins Construction Contracts

Tutor Perini Unit Wins Construction Contracts

July 31, 2017 at 3:45 pm 0 comments

Tutor Perini, a civil, building and specialty construction company, said Monday its Guam-based subsidiary Black Construction Corporation has been awarded two new projects collectively valued at $71 million. The first project, valued at approximately $44 million, is from the Guam Department of Public Works to widen route 3 between route 28 and Chalan Kareta. The second contract is worth approximatelyRead More

Tupperware Brands Reports Mixed Fiscal Q2

Tupperware Brands Reports Mixed Fiscal Q2

July 26, 2017 at 4:55 pm 0 comments

Tupperware Brands reported fiscal Q2 sales rose 1% to $572.9 million from the year-ago period but missed the CapIQ mean for $580.19 million. Adjusted earnings in the quarter ended July 1 rose 4% to $1.21 from last year and beat forecasts for $1.20. The company said it has decided to wind-down Beauticontrol’s operations over approximately the next 60 to 90Read More

BioPharmX Shares Drop

BioPharmX Shares Drop

July 24, 2017 at 4:40 pm 0 comments

BioPharmX shares fell 16% Monday after the company said it has struck a deal to sell 5.5 million shares to buyers for $0.36 each. BioPharmX said it plans to use net proceeds of approximately $1.9 million to advance its dermatology focused drug delivery and clinical programs, including advancing the company’s lead product BPX-01, and for working capital and other generalRead More