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DAILY EARNINGS

AZZ Net Jumps; Acuity Brands, Herman Miller Net Decline


Author: Mukesh Buch
ticker.com
Last Update: 12:14 PM EDT July 03 2018

11:45 PM New York Acuity Brands third-quarter net plunged 11% to $73 million. AZZ first-quarter net jumped 30% to $16 million. Herman Miller fourth-quarter net slumped 5% to $32 million.

Tollbooth Index increased 85.72 or 0.6% to 15,060.68 but for the year-to-date soared 9.5%.

Earnings Review

Acuity Brands, Inc (AYI), the lighting products provider reported revenues in the third-quarter ending in May jumped 5.9% from a year ago to $944 million.

Net income in the quarter plunged 11.2% to $73 million or $1.80 per diluted share from $82.2 million or $1.90 in the same quarter last year.

The lighting products provider said operating profit in the quarter declined 19.5% to $105.9 million from a year ago period.

AZZ Inc (AZZ), the electrical equipment and engineered services said revenues in the first-quarter ending in May surged 27.7% from a year ago to $262.2 million.

Net income in the quarter jumped 30.3% to $15.7 million or 60 cents per diluted share from $12.1 million or 46 cents in the same quarter last year.

AZZ reaffirmed fiscal 2019 revenues forecast in the range of $900 million to $960 million and diluted earnings per share in the range of $1.75 to $2.25.

Delta Air Lines, Inc (DAL), the airline operator said traffic in June increased 3% to 21.4 billion revenue passenger miles and capacity advanced 3% to 24.2 billion available seat miles and load factor was flat at 88.5% from a year ago month.

Delta reaffirmed second-quarter earnings per share forecast to between$1.65 and $1.75 and pre-tax margin growth between 13% and 14%.

Herman Miller Inc (MLHR), the interior furnishings maker said revenues in the fourth-quarter ending on June 2 soared 7.1% from a year ago to $618 million.

Net income in the quarter slumped 4.8% to $31.8 million or 53 cents per diluted share from $33.4 million or 55 cents in the same quarter last year.

The interior furnishings maker said new orders in the quarter surged 9.3% to $620.8 million from a year ago period.

Herman Miller forecasted fiscal first-quarter net sales to be in the range of $610 million to $630 million and diluted earnings per share in the range of 63 cents to 67 cents.

PriceSmart Inc (PSMT), the membership warehouse club operator releasing third-quarter earnings results.
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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