The T List: Six Things We Recommend This Week
Home décor from Dolce & Gabbana, a Brutalist eatery — and more.
Kia Seltos X Line rolls out
The Kia Seltos X Line variant joins the mid-size SUV’s range as the new top-spec model. It is priced at ₹17.79 lakh for the petrol and ₹18.10 lakh (ex-showroom, India) for the diesel. Kia had previewed this model with the Seltos X-Line concept at the 2020 Auto Expo. Bookings for the new model is open via Kia’s dealer network and their website.
Kia has given the Seltos X-Line numerous cosmetic upgrades, with the biggest exterior change being the ‘Xclusive Matte Graphite’ paint, which is exclusive to this segment.
Additionally, Kia has also given the X-Line an ‘Xclusive Piano black’ (gloss black) finish on the front and rear skid plates, outside rear view mirrors, shark-fin antenna, tailgate garnish and faux exhaust on the rear bumper. These gloss black inserts are accompanied with ‘Sun Orange’ accents on the skid plates, side door garnish and centre caps of the wheels which are 18-inch alloy wheels with a matte graphite finish.
Coming to the interior, the Seltos X-Line sports a new Indigo Pera leatherette upholstery that can be seen on the seats (which also get a new honeycomb pattern) as well as the door cards. Besides these changes, the feature list remains unchanged when compared to the previous top-spec GT Line variant.
Kia offers the X Line with a 140hp, 242Nm, 1.4-litre, turbo-petrol as well as a 115hp, 250Nm, 1.5-litre, turbo-diesel. These engines are only available with automatic gearbox options — the turbo-petrol comes mated to the 7-speed DCT gearbox, while the diesel engine gets a 6-speed torque converter.
Toro Co Q3 adjusted earnings Beat Estimates
Toro Co (TTC) reported a profit for its third quarter that climbed from last year.
The company’s profit totaled $96.32 million, or $0.89 per share. This compares with $88.97 million, or $0.82 per share, in last year’s third quarter.
Excluding items, Toro Co reported adjusted earnings of $99.45 million or $0.92 per share for the period.
Analysts had expected the company to earn $0.76 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 16.2% to $976.84 million from $840.97 million last year.
Toro Co earnings at a glance:
-Earnings (Q3): $99.45 Mln. vs. $88.72 Mln. last year.
-EPS (Q3): $0.92 vs. $0.82 last year.
-Analysts Estimate: $0.76
-Revenue (Q3): $976.84 Mln vs. $840.97 Mln last year.
Full year EPS guidance: $3.53 to $3.57
Brady Corp. Guides FY22 Adj. EPS In Line With Estimates – Quick Facts
While reporting financial results for the fourth quarter on Thursday, Brady Corp. (BRC) initiated its earnings guidance for the full-year 2022, in line with analysts’ expectations.
For fiscal 2022, the company now expects earnings in a range of $2.90 to $3.10 per Class A nonvoting common share and adjusted earnings in a range of $3.12 to $3.32 per Class A nonvoting common share.
On average, four analysts polled by Thomson Reuters expect the company to report earnings of $3.13 per share for the year. Analysts’ estimates typically exclude special items.
For the fourth quarter, the company reported net income of $28.03 million or $0.53 per share, compared to $27.69 million or $0.53 per share in the prior-year quarter. Excluding items, adjusted earnings per Class A nonvoting common share was $0.70, compared to last year’s $0.53.
Sales for the quarter increased 21.6 percent to $306.13 million from $251.74 million in the same quarter last year. Organic sales increased 12.6 percent.
The Street was looking for earnings of $0.70 per share on net sales of $300.46 million for the quarter
On Wednesday, Brady’s Board of Directors authorized an increase in the Company’s share buyback program, bringing the amount of the Company’s Class A Common Stock authorized for repurchase up to a total of two million shares, inclusive of the shares in the existing share buyback program.
G-III Apparel Boosts FY22 Outlook As Q2 Results Top Estimates – Quick Facts
While reporting financial results for the second quarter on Thursday, G-III Apparel Group, Ltd. (GIII) provided earnings and net sales guidance for the third quarter and raised its earnings and net sales forecast for the full-year 2022.
For the third quarter, the company expects earnings in a range of $1.65 to $1.75 per share on net sales of approximately $1.00 billion.
On average, seven analysts polled by Thomson Reuters expect the company to report earnings of $1.64 per share on revenues of $972.45 million for the quarter. Analysts’ estimates typically exclude special items.
Looking ahead to fiscal 2022, the company now projects earnings in a range of $3.10 to $3.20 per share on net sales of approximately $2.70 billion.
Previously, the company expected earnings in a range of $2.60 to $2.70 per share on net sales of approximately $2.57 billion.
The Street is looking for earnings of $2.68 per share on net sales of $2.57 billion for the year.
For the second quarter, the company reported net income of $19.2 million or $0.39 per share, compared to a net loss of $15.0 million or $0.31 per share in the prior-year quarter.
Net sales for the quarter surged 62.5 percent to $483.1 million from $297.2 million in the same quarter last year.
Analysts expected earnings of $0.09 per share on net sales of $468.85 million for the quarter.
Ciena To Buy Vyatta Virtual Routing And Switching Technology From AT&T – Quick Facts
Ciena Corp. (CIEN) announced a definitive agreement with AT&T to acquire its Vyatta virtual routing and switching technology. These technologies will help to accelerate Ciena’s Adaptive IP solution set. The company plans to integrate the team of engineering specialists into its Routing and Switching R&D organization.
Also, Ciena has agreed to support the Vyatta routing platform in AT&T’s wireless network across multiple 5G use cases, enterprise business services and virtual networks with cloud scalability.
Separately, Ciena reported third-quarter adjusted earnings per share of $0.92 compared to $1.06, a year ago. On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $0.79, for the quarter. Analysts’ estimates typically exclude special items.
Revenue increased to $988.1 million from $976.7 million, prior year. Analysts expected revenue of $969.25 million, for the quarter.
Shares of Ciena were up 5% in pre-market trade on Thursday.