Greenbrier, Monsanto, Supervalu Rise; MSC, RPM Intl, Schulman Fall

Mukesh Buch
07 Jan, 2015
New York City

Greenbrier net soared and agreed to acquire 19.5% stake in Amsted-Maxion Hortolandia. Monsanto profit tumbled 34% on 7% decline in revenues. MSC Industries net fell 3%. Supervalu profit surged 155%. Schulman net plunged 13%. UniFirst net jumped 9%.

[R]11:40 AM New York – Greenbrier net soared and agreed to acquire 19.5% stake in Amsted-Maxion Hortolandia. Monsanto profit tumbled 34% on 7% decline in revenues. MSC Industries net fell 3%. Supervalu profit surged 155%. Schulman net plunged 13%. UniFirst net jumped 9%.[/R]

Tollbooth Index gained 0.5% or 44.76 to 9,811.95.

Earnings Review

Greenbrier Companies Inc ((GBX)) surged 6.9% or $3.42 to $52.73 after the railroad freight car equipment maker said total revenues in the first-quarter ending in November rose 0.9% to $495.1 million from a year ago period.

Net income in the quarter soared 113% to $32.8 million or $1.01 a diluted share compared to $15.4 million or 49 cents from the same quarter last year.

Separately, today the company signed an agreement to acquire a 19.5% stake in Amsted-Maxion Hortolandia, the railcar manufacturer in South America for $15 million.

Monsanto Company ((MON)) gained 1.4% or $1.59 to $117.35 after the agricultural products provider reported net sales in the first-quarter ending in November declined 6.5% to $2.87 billion from a year ago period.

Net income in the quarter tumbled 34% to $243 million or 50 cents a diluted share compared to $368 million or 69 cents from a same quarter last year.

MSC Industrial Direct Co Inc ((MSM)) declined 3.2% or $2.59 to $75.79 after the metalwork repairing service provider said net sales in the first-quarter ending in November jumped 7.8% to $731.1 million from a year ago period.

Net income in the quarter slipped 2.7% to $57.4 million or 91 cents a diluted share compared to $59 million or 93 cents from a same quarter last year.

MSC forecasted net sales for second-quarter between $717 million and $729 million and adjusted diluted earnings per share for the fiscal second quarter in the range of 84 cents to 88 cents.

RPM International Inc ((RPM)) plunged 9.3% or $4.58 to $44.50 after the print and coating product maker stated net sales in the second-quarter ending in November was flat at $1.07 billion from a year ago period.

Net income in the quarter climbed 9.7% to $69.8 million or 52 cents a diluted share compared to $63.6 million or 48 cents from a same quarter last year.

Supervalu Inc ((SVU)) increased 1.7% or 16 cents to $9.35 after the wholesale grocery retailer reported net sales in the third-quarter ending on November 29 jumped 4.8% to $4.20 billion from a year ago period.

Net income in the quarter surged 154.8% to $79 million or 30 cents a diluted share compared to $31 million or 12 cents from a same quarter last year.

Schulman A Inc ((SHLM)) plummeted 4.2% or $1.54 to $34.77 after the plastic master-batch supplier stated net sales in the first-quarter ending in November rose 5% to $615.1 million from a year ago period.

Net income in the quarter plunged 12.6% to $13.2 million or 45 cents a diluted share compared to $15.1 million or 52 cents from a same quarter last year.

UniFirst Corp ((UNF)) dropped 3.7% or $4.36 to $112 after the workplace uniform provider said revenues in the first-quarter ending on November 29 climbed 6.8% to $370.4 million from a year ago period.

Net income in the quarter jumped 8.6% to $37.4 million or $1.85 a diluted share compared to $34.5 million or $1.71 from a same quarter last year.