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$MLHR's consolidated GM was 38.4% in 1Q17. Operating income was $56MM or 9.4% of sales. Effective tax rate was 32%. The company ended 1Q17 with total cash and cash equivalents of $65.1MM. Cash flow from operations was $30.2MM. Capex was $22MM. $MLHR expects Capex of $80-90MM for FY17.
Visa ($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.