Operating performance in the quarter was strong and substantially above the equivalent quarter last year. The group increased EBITDA excluding special items by 21% to US$175 million, operating profit excluding special items by 51% to ...
Tags: Stronger Performance, EBITDA
Columbia Sportswear Company raised its 2014 outlook after announcing record first quarter net sales, a sharp increase in first quarter profits, surging wholesale demand, a strong launch of its Chinese joint venture and the acquisition of ...
Tags: Sportswear, Apparel
The world's top 40 medical device companies overall have enjoyed a slight gain in stock price so far this year. But there are exceptions to the rule as well, with reasons ranging from Getinge AB's quality control issues to Terumo Corp.'s ...
Tags: Medical Device, Health, Medicine
Mauritius-based clothing firm CIEL Textiles witnessed double-digit growth in first quarter profits as a result of good order books, improved international operations and rise in in seasonal sales of knitwear. Whilst all clusters and ...
Tags: CIEL Textiles, knitwear
Intel, the largest chip manufacturer in the world, has named Brian Krzanich, a 30-year veteran of the firm, as its new CEO. The Intel board of directors unanimously elected Krzanich, who has held the role of Intel COO since January 2012, ...
Tags: Intel, Computer Products
c- one of the biggest cement companies in the Kingdom - has announced plans to rehabilitate two kilns at its Hofuf factory. The company, which recently announced a 4.5% increase in first-quarter profits to $90.7m, had already re-opened ...
Tags: Cement, Construction
Intel, the world's largest chip manufacturer, has not adjusted its sales forecasts for 2013, despite a drop in first quarter revenue and a slump in PC sales. Revenue for Q1 2013 was $12.6bn (£8.2bn), down from $12.9bn (£8.4bn) ...
Tags: Computer Products, Intel
US frozen-food firm Overhill Farms has seen its first-quarter profits slide after a shift in product mix, less favourable commodity prices and increased costs weighed on margins. Alongside the results, Overhill revealed it was in talks ...
Tags: frozen-food firm, Overhill Farms, profits
US regional retailer Ingles Markets has booked an increase in first-quarter profits, despite what it claims was a "very competitive" holiday season. In the three months ended 29 December, net profit amounted to US$11.6m, a 9.2% increase ...
Tags: retailer, Operating profit, grocery sales
Canadian retailer Metro Inc has reported an increase in first-quarter profits as higher sales boosted margins. Metro booked a 17.1% rise in net earnings to C$121.4m (US$121.1m) for the quarter to 22 December. Excluding profits from a ...
Tags: food inflation, food industry, profits
J&J Snack Foods has reported another rise in first-quarter sales and a rebound in profits. The US snack maker reported net sales up by 11% for the three months to the end of December, to US$191.4m, mirroring its pace of growth in the same ...
Verizon Wireless announced that the BlackBerry Curve 9310 smartphone will be available online on Thursday,and in stores in"coming weeks,"at a price of$49.99 after rebate with a two-year service plan. The announcement came just minutes ...
Tags: Blackberry, Verizon Wireless
PepsiCo has booked a drop in first-quarter profits as restructuring costs weighed on earnings. Net profit in the three months to the end of March slid 1% to $1.13bn in the period, PepsiCo reported today (26 April). Reported EPS in the ...
Tags: PepsiCo, drop, first-quarter profits, restructuring costs, earnings
Smithfield Foods CEO Larry Pope has insisted the US meat will produce "another year of solid earnings" despite lower quarterly profits. Falling earnings from fresh pork and hog production contributed to a decline in first-quarter profits ...
Tags: Smithfield, solid earnings, lower quarterly profits, falling earnings
US food manufacturer Lancaster Colony has recorded an increase in first-quarter profits on the back of higher prices and lower input costs within its speciality food unit. In the three months to the end of September, net income climbed ...
Tags: Lancaster Colony, Q1, first-quarter profits, higher prices