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Halma Plc Says Trading In Line With Expectations

Lennar Corp. Q3 Profit Rises, Beats estimates

Lennar Corp. (LEN.B) released earnings for its third quarter that increased from the same period last year and beat the Street estimates.

The company’s bottom line totaled $1.47 billion, or $5.03 per share. This compares with $1.41 billion, or $4.52 per share, in last year’s third quarter.

Analysts on average had expected the company to earn $4.90 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 28.7% to $8.93 billion from $6.94 billion last year.

Lennar Corp. earnings at a glance (GAAP) :

-Earnings (Q3): $1.47 Bln. vs. $1.41 Bln. last year.
-EPS (Q3): $5.03 vs. $4.52 last year.
-Analyst Estimate: $4.90
-Revenue (Q3): $8.93 Bln vs. $6.94 Bln last year.

KB Home Q3 Profit Rises

KB Home (KBH) reported third-quarter net income of $255.3 million or $2.86 per share, up from $150.1 million or $1.60 per share last year.

Total revenues rose $1.84 billion from $1.47 billion last year.

Analysts polled by Thomson Reuters expected earnings of $2.67 per share and revenues of $1.87 billion for the quarter.

“KB Home achieved record third quarter financial results, with substantial year-over-year growth in revenues, margins and diluted earnings per share,” said Jeffrey Mezger, Chairman, President and Chief Executive Officer. “Although we experienced a shortfall in deliveries relative to our expectation due to extended build times and ongoing supply chain constraints, which will also impact our 2022 fourth quarter, our results demonstrate our larger scale, excellent portfolio of communities and a healthy balance sheet.”

H.B. Fuller Q3 Profit Rises

H.B. Fuller Company (FUL) Wednesday reported third-quarter net income of $46.5 million or $0.84 per share, up from $31.6 million or $0.58 per share last year.

Adjusted earnings were $1.06 per share, up from $0.79 per share last year.

Revenues for the quarter rose to $941.2 million from $826.8 million last year.

Analysts polled by Thomson Reuters expected earnings of $1.04 per share and revenues of $944.56 million for the quarter.

Looking forward to full year 2022, the company expects organic revenue growth of 17% to 18% and adjusted earnings of $1.15 to $1.30 per share.

Trip.com Group Limited Q2 Earnings Summary

Below are the earnings highlights for Trip.com Group Limited (TCOM):

Earnings: RMB69 million in Q2 vs. -RMB647 million in the same period last year.
EPS: RMB0.10 in Q2 vs. -RMB1.02 in the same period last year.
Excluding items, Trip.com Group Limited reported adjusted earnings of -RMB203 million or -RMB0.31 per share for the period.

Revenue: RMB4.01 billion in Q2 vs. RMB5.89 billion in the same period last year.

Melissa’s Dutch Red Potatoes With Dijon Mustard Sauce Recalled

World Variety Produce, Inc. is recalling select lots of Melissa’s Dutch Red Potatoes with Dijon Mustard Sauce as it contains undeclared egg, a known allergen, the U.S. Food and Drug Administration said.

The recalled product comes in 1.7OZ or 502g clear overwrap tray in cardboard sleeve packaging, with UPC Code 0-45255-15221-0, and select best use buy dates from August 15 to October 9.

The product was sold in the produce department and distributed in the states of Arizona, California, Florida, Iowa, Idaho, Kansas, Louisiana, Mississippi, Montana, New Jersey, Oklahoma, Texas, Utah, and Washington.

People with an allergy or severe sensitivity to egg may get serious or life-threatening allergic reaction if they consume the product.

However, the company has not received any reports of illnesses related to the product to date.

Consumers who have purchased Melissa’s Brand Dutch Red Potatoes with Dijon Mustard Sauce are urged to destroy and dispose of the recalled product.

For More Such Health News, visit rttnews.com

Polymetal Posts HY Loss – Quick Facts

Polymetal International plc (POLY.L) reported that its net loss for the six month ended 30 June 2022 was $321 million, compared to a profit of $419 million in the prior year, reflecting lower EBITDA and non-cash impairment charges. Loss per basic share was $0.68 compared to a profit of $0.89 per share in the previous year.

Adjusted EBITDA was $426 million, a decrease of 35%, against a backdrop of higher costs and lower sales volumes.

Underlying net earnings were $203 million down from $422 million in the prior year.

Revenue for the first-half of 2022 decreased 18% to $1.05 billion from the prior year.

The company noted that its board does not propose any interim 2022 dividends to allow the Group to strengthen its cash position and enhance its resilience in a highly volatile environment.

Polymetal continues to target its original 2022 production guidance of 1.7 Moz of gold equivalent.

Halma Plc Says Trading In Line With Expectations

Halma Plc (HLMA.L), a British multinational group of safety equipment firms, said on Thursday that its trading is in line with its previous expectations in the first-half as it has made a good progress due to a firm demand.

In addition, the Group has reaffirmed its sales guidance for the full-year.

The company also said it is benefitted by recent acquisitions, with the largest inorganic contribution being in the Environmental & Analysis sector, and more modest benefits in the Safety and Healthcare sectors.

For the year to March 2023, the UK-based company has reaffirmed its outlook provided in June.

Accordingly, the company still expects to deliver continued growth and maintain high returns in 2022-23, with good single digit percentage organic constant currency revenue growth and a return on sales similar to the second half of the 2021-22.

For the full-year, Halma expects a continued positive impact from the currency exchange.

The company now projects around a 135 million pounds of positive revenue effect, and around a 30 million pounds positive profit impact in 2022-23, compared with 2021-22.