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During 1Q16, $DOV generated free cash flow of $96.2MM, representing 5.9% of revenue and 96.8% of net earnings from continuing operations. For 2016, free cash flow fell $7.2MM over the prior year mainly as a result of an increase in CapEx spending of $9.2MM. The company expects to generate free cash flow of approx. 11% of revenue for full year 2016.
Visa ($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.