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$AIN said it agreed to buy $HRS' composite aero-structures division for total consideration of $210MM including assumption of $23MM capital lease. The acquisition is projected to be slightly add to $AIN earnings in 2016, with projected 2016 sales of $80-90MM and Adjusted EBITDA of $13-15MM. The deal will close by end of 1Q16 or early 2Q16.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.