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Lennox Q1 Tops Estimates on EPS and Revenue; Affirms Full-Year Adjusted EPS

Lennox Q1 Tops Estimates on EPS and Revenue; Affirms Full-Year Adjusted EPS

Lennox International (LII), a heating, air conditioning and refrigeration company, reported Q1 adjusted earnings of $1.68 per share, up from $1.22 in the same period a year ago and exceeding the estimate of $1.43 from analysts polled by Capital IQ. Total revenue of $790.3 million was down from $834.8 million in the same period a year ago and topped the […]

Bemis Sees $215 Mln in Asset Sales To Clear Justice Department Antitrust Hurdles

Bemis Sees $215 Mln in Asset Sales To Clear Justice Department Antitrust Hurdles

Bemis Company (BMS), a plastic-packaging manufacturer attempting to complete a merger with Amcor, on Monday said Amcor plans to shed $215 million in assets to satisfy Department of Justice antitrust concerns. Amcor has agreed to sell plants in Massachusetts and Wisconsin for $215 million to privately held Techni-Plex. The combined sales revenue from the assets is about $100 million a […]

CannTrust Plans to Sell $200 Million in Stock, Sees Q1 Revenues More Than Doubling

CannTrust Plans to Sell $200 Million in Stock, Sees Q1 Revenues More Than Doubling

CannTrust Holdings Inc. (CTST) said it sees Q1 sales of $17 million, or 116% higher than the $7.8 million in the year-earlier period, as the Ontario cannabis producer commences a $200 million share offering. The company’s adjusted EBITDA loss is forecast to fall to between $3.5 million and $4.5 million from $8.55 million in the same period ended March a […]