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$STLD said it completed the acquisition of Vulcan Threaded Products, Inc. The purchase price for Vulcan and its real estate assets is $114MM on a debt free, cash free basis, including $30MM of estimated working capital, and has been funded with available cash. The deal is expected to be immediately accretive to 2016 earnings & cash flow per share.
Visa ($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.