Acuity Brands, AZZ, RPM Intl Plunge, Monsanto Net Loss Narrows

Mukesh Buch
05 Oct, 2016
New York City

Acuity Brands profit and revenues surged. AZZ net plunged 42% on 9% drop in revenues. Constellation Brands net jumped 19%. Global Payments net fell but the payment services provider lifted fiscal outlook. Monsanto net loss narrowed. RPM International net jumped 13%.

[R]2:00 PM New York – Acuity Brands profit and revenues surged. AZZ net plunged 42% on 9% drop in revenues. Constellation Brands net jumped 19%. Global Payments net fell but the payment services provider lifted fiscal outlook. Monsanto net loss narrowed. RPM International net jumped 13%.[/R]

Tollbooth Index increased 44.87 or 0.4% to 10,918.72.

Earnings Review

Acuity Brands, Inc ((AYI)) plunged 6% or $15.37 to $239.67 after the lighting fixtures provider reported net sales in the fourth-quarter ending in August soared 22% from a year ago to $925.5 million.

Net income in the quarter surged 38% to $82.9 million or $1.89 per diluted share compared to $60.1 million or $1.37 per share from the same quarter last year.

AZZ Inc ((AZZ)) tumbled 12.8% or $8.32 to $56.83 after the galvanizing services provider said revenues in the second-quarter ending in August declined 9% from a year ago to $195 million.

Net income in the quarter plummeted 41.9% to $10 million or 38 cents per diluted share compared to the $17.2 million or 67 cents per share from the same quarter last year.

Constellation Brands, Inc ((STZ)) advanced 2.1% or $3.45 to $169.24 after the alcohol, beer and wine maker said revenues in the second-quarter ending in August soared 17% from a year ago to $2.02 billion.

Net income in the quarter jumped 19% to $358.9 million or $1.75 per diluted share compared to the $302.4 million or $1.49 per share from the same quarter last year.

Global Payments Inc ((GPN)) jumped 3.2% or $2.46 to $78.90 after the payment technology services provider reported revenues in the first-quarter ending in August surged 25.5% from a year ago to $939.5 million.

Net income in the quarter fell 1.8% to $85.1 million or 55 cents per diluted share compared to the $86.6 million or 66 cents per share from the same quarter last year.

Global Payments lifted fiscal 2017 revenue estimate in the range of $3.2 billion to $3.3 billion, a growth of 47% to 52% compared to fiscal 2016 and earnings per share between $3.45 and $3.55, an increase of 16% to 19% from a year ago.

Monsanto Company ((MON)) increased 77 cents to $102.38 after the agricultural products maker said total revenues in the fourth-quarter ending in August jumped 8.5% from a year ago to $2.56 billion.

Net loss in the quarter narrowed to $191 million or 44 cents per diluted share compared to $495 million or $1.06 per share from the same quarter last year.

RPM International Inc ((RPM)) declined 3.2% or $1.68 to $51.05 after the paints and coatings maker reported revenues in the first-quarter ending in August rose 0.8% from a year ago to $1.25 billion.

Net income in the quarter soared 13% to $112.8 million or 83 cents per diluted share compared to the $99.8 million or 74 cents per share from the same quarter last year.

Weyerhaeuser Co ((WY)) slid 7 cents to $30.96 after the timber harvester agreed to sell its printing papers business North Pacific Paper Company to One Rock Capital Partners, LLC for undisclosed financial terms.

The transaction is expected to close in the fourth-quarter of this year.