>>> NextEra Energy misses by $0.06, misses on revs; guides FY18 EPS above consen



NextEra Energy misses by $0.06, misses on revs; guides FY18 EPS above consensus; extends 6-8% EPS CAGR through 2021 (153.09)
  • Reports Q4 (Dec) earnings of $1.25 per share, excluding non-recurring items, $0.06 worse than the Capital IQ Consensus of $1.31; revenues rose 8.4% year/year to $4.01 bln vs the $4.18 bln Capital IQ Consensus.
  • Co issues upside guidance for FY18, sees EPS of $7.45-7.95, excluding non-recurring items, vs. $7.32 Capital IQ Consensus Estimate. With the certainty provided by the new tax reform legislation and the anticipated continued strength of the investment opportunities at both FPL and NextEra Energy Resources, NextEra Energy is also extending its longer-term growth outlook to 2021. The company expects a compound annual growth rate in adjusted earnings per share to be in a range of 6 to 8 percent through 2021, off a revised base at the midpoint of the new 2018 range, or $7.70 per share.
  • In 2019, the company now expects adjusted earnings per share to be in the range of $8.00 to $8.50.
  • For 2020 and 2021, the company now expects adjusted earnings per share to be in the range of $8.55 to $9.05 and $9.20 to $9.75, respectively.

>>> Colgate-Palmolive reports EPS in-line, beats on revs -->-4.6% pre open

Colgate-Palmolive reports EPS in-line, beats on revs (77.31)
  • Reports Q4 (Dec) earnings of $0.75 per share, in-line with the Capital IQ Consensus of $0.75; revenues rose 7.0% year/year to $3.98 bln vs the $3.92 bln Capital IQ Consensus.
  • Global unit volume increased 3.0%, pricing decreased 1.0% and foreign exchange was positive 2.5%. Organic sales (Net sales excluding the impact of foreign exchange, acquisitions and divestments) increased 2.0%.
  • Gross profit margin was 59.8% in fourth quarter 2017 versus 60.4% in fourth quarter 2016. Excluding charges resulting from the Global Growth and Efficiency Program in both periods, Gross profit margin was 60.4% in fourth quarter 2017, a decrease of 40 basis points versus the year ago quarter, as higher raw and packaging material costs and lower pricing were partially offset by cost savings from the Company's funding-the-growth initiatives.

>>> Hill-Rom beats by $0.10, reports revs in-line with preannouncement; guides Q

Hill-Rom beats by $0.10, reports revs in-line with preannouncement; guides Q2 EPS below consensus; raises FY18 EPS above consensus and long-term earnings growth and FCF guidance due to tax reform; CEO to retire (91.01)
  • Reports Q1 (Dec) earnings of $0.92 per share, $0.10 better than the Capital IQ Consensus of $0.82; revenues rose 5% year/year to $669.7 mln vs the $670 mln two analyst estimate, or 3% on a constant currency basis. Domestic revenue of $453 million grew 2%, while revenue outside the U.S. of $217 million advanced 13%, or 7% on a constant currency basis. Hill-Rom's core revenue advanced 2% on a constant currency basis, exceeding the co's guidance. Core revenue excludes FX, divestitures, other non-strategic assets the co may exit, and Mortara.
  • Co issues downside guidance for Q2, sees EPS of $1.00-1.02, excluding non-recurring items, vs. $1.04 Capital IQ Consensus Estimate.
  • Co issues upside guidance for FY18, raises EPS to $4.57-4.65 from $4.22-4.30, excluding non-recurring items, vs. $4.55 Capital IQ Consensus Estimate.
  • John J. Greisch, 62, president and chief executive officer, has informed the board of directors of his intention to retire from Hill-Rom during the company's fiscal third quarter. At the effective time of the retirement, Mr. Greisch will also step down from the board of directors of the company. Hill-Rom's board of directors has initiated a search process to identify a successor for Mr. Greisch, which is expected to be completed during Hill-Rom's fiscal third quarter. The process will include a review of both internal and external candidates.
  • Based on a preliminary assessment of new U.S. tax reform legislation, Hill-Rom expects a positive impact on its adjusted effective tax rate and adjusted earnings, and is updating its 2020 financial outlook. The tax-reform benefit is expected to result in an estimated adjusted effective tax rate of ~24 percent going forward, and Hill-Rom now expects to grow adjusted earnings per share in the 12 to 14 percent range on a compound annual basis through 2020. This compares to the company's prior guidance of growth in adjusted earnings per share of 10 to 12 percent on a compound annual basis through 2020. In addition, the company now expects to generate cumulative operating cash flow of ~$1.2 billion and cumulative free cash flow of ~$850 million over the next three years. Hill-Rom continues to expect reported revenue growth (on a constant currency basis) to be in the 3 to 4 percent range on a compound annual basis from 2017 through 2020. The company also continues to expect to accelerate core revenue growth (on a constant currency basis) to the 4 to 5 percent range on a compound annual basis. Core revenue adjusts for recent divestitures and other non-strategic assets the company may exit before 2020, with 2017 annual revenue of ~$100 million.
  • Hill-Rom is reaffirming its commitment to drive continued margin expansion, targeting an adjusted gross margin of ~50 percent and adjusted operating margin in the 19 to 20 percent range by 2020. Expansion is expected to be driven by product mix benefits, margin-accretive new product revenue of more than $350 million by 2020 and ongoing business optimization initiatives as previously announced. The company continues to expect to drive ~$50 million in pre-tax business optimization savings over the next several years, a portion of which will be reinvested to align resources with key priority growth areas, expand internationally and enhance global capabilities across the business.

>>> Honeywell beats by $0.01, reports revs in-line; raises FY18 EPS guidance, re

Honeywell beats by $0.01, reports revs in-line; raises FY18 EPS guidance, reaffirms revs outlook (161.84)
  • Reports Q4 (Dec) earnings of $1.85 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus of $1.84; revenues rose 8.6% year/year to $10.84 bln vs the $10.8 bln Capital IQ Consensus.
  • Co updates guidance for FY18, sees EPS of $7.75-8.00 (Prior $7.55-7.80) vs. $7.84 Capital IQ Consensus Estimate; sees FY18 revs of $41.8-42.5 bln vs. $42.23 bln Capital IQ Consensus Estimate.

>>> Rockwell Collins beats by $0.03, reports revs in-line

Rockwell Collins beats by $0.03, reports revs in-line
  • Reports Q1 (Dec) earnings of $1.59 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $1.56; revenues rose 68.6% year/year to $2.01 bln vs the $2 bln Capital IQ Consensus.
  • Government Systems provides a broad range of electronic products, systems and services to customers including the U.S. Department of Defense, other government agencies, civil agencies, defense contractors and ministries of defense around the world.
  • Cash used for operating activities was $259 million for the first quarter of fiscal year 2018, compared to a use of cash of $101 million in the first quarter of fiscal year 2017

>>> Air Products beats by $0.13, beats on revs; guides Q2 EPS above consensus; r

Air Products beats by $0.13, beats on revs; guides Q2 EPS above consensus; raises FY18 EPS outlook (174.00)
  • Reports Q1 (Dec) earnings of $1.79 per share, excluding non-recurring items, $0.13 better than the Capital IQ Consensus of $1.66; revenues rose 17.7% year/year to $2.22 bln vs the $2.12 bln Capital IQ Consensus.
  • For the quarter, adjusted EBITDA of $735 million increased 12 percent over the prior year, driven by the higher volumes and Asia pricing. Adjusted EBITDA margin of 33.2 percent decreased 160 basis points from the prior year, primarily driven by the China contract termination/plant sale and higher energy pass-through.
  • Co issues upside guidance for Q2, sees EPS of $1.65-1.70, excluding non-recurring items, vs. $1.65 Capital IQ Consensus Estimate.
  • Co raises guidance for FY18, sees EPS of $7.15-7.35 (Prior $6.85-7.05), excluding non-recurring items, vs. $7.06 Capital IQ Consensus Estimate.

>>> Temenos has not been approached to be acquired nor is it in discussion to do

Temenos has not been approached to be acquired nor is it in discussion to do so.

Temenos continues to leverage the strength of its business model and unique value proposition of packaged, upgradeable and open banking software to capture its significant market opportunity, support its clients in achieving their digital ambitions and to deliver outstanding returns for its shareholders. Temenos' market leadership position, award winning products, customer references and exceptional people provide the platform on which it will continue to redefine the way banking is done in the 21st century.

From the company