You know what is funny they paid so much and I believe they paid Staples! That's almost a billion dollars and the first time that some company that shelled out millions to name some stadium has actually made money of it!
Fiscal Year 2021 Results For fiscal year 2021, Meritor posted sales of $3.8 billion, up $0.8 billion, or approximately 26 percent from the prior year. The increase in sales was driven primarily by higher global truck production in all markets. Net income attributable to Meritor was $199 million, or $2.73 per diluted share, compared to $245 million, or $3.24 per diluted share in the prior year. Net income from continuing operations attributable to the company was $200 million, or $2.74 per diluted share, compared to net income from continuing operations attributable to the company of $244 million, or $3.23 per diluted share in the prior year. The decrease in net income year over year was driven primarily by income, net of tax, associated with the termination of the company's distribution arrangement with WABCO Holdings, Inc. ("WABCO") in fiscal 2020 and higher freight, steel and electrification costs in fiscal year 2021, partially offset by conversion on higher revenue.
Cash flow from operating activities in the fiscal year was $197 million, compared to $265 million in fiscal year 2020. Free cash flow for the full fiscal year was $107 million, compared to $180 million in fiscal year 2020. The decrease in cash provided by operating activities was driven primarily by $265 million of cash received in fiscal year 2020 from the termination of the distribution arrangement with WABCO and an increase in fiscal year 2021 working capital requirements. You can see these earnings are messy because of one big write off. Outlook for Fiscal Year 2022 The company is providing the following guidance for fiscal year 2022: Revenue to be in the range of $4.1 billion to $4.3 billion Net income attributable to Meritor and net income from continuing operations attributable to Meritor to be in the range of $220 million to $255 million Diluted earnings per share from continuing operations in the range of $3.05 to $3.55 Adjusted diluted earnings per share from continuing operations to be in the range of $3.25 to $3.75 Adjusted EBITDA margin to be in the range of 11.5 percent to 12.5 percent Operating cash flow to be in the range of $275 million to $320 million Free cash flow to be in the range of $175 million to $200 million "While 2021 was a challenging industry environment, we performed well. Now in the last year of our M2022 plan, we remain focused on earnings and growth, particularly as we expand our customer base in the growing commercial vehicle electrification market," said Chris Villavarayan, CEO and president of Meritor. Down 3% could be a nice opportunity here) Meritor, Inc. (MTOR) NYSE - Nasdaq 27.61+0.08 (+0.29%) At close: November 16 4:00PM EST 26.75 -0.86 (-3.11%)<--------------- Pre-Market: 07:54AM EST
Wed, November 10, 2021, 5:21 PM JACKSONVILLE, Fla., November 10, 2021--(BUSINESS WIRE)--Redwire Corporation (NYSE: RDW; "Redwire" or "the Company") announced yesterday it would reschedule its earnings announcement for the third quarter ended September 30, 2021, which had been previously scheduled for Wednesday, November 10, 2021. On Friday evening, November 5, 2021, Redwire management was notified by an employee of potential accounting issues with a business subunit. Management promptly informed the independent Audit Committee of the Board of Directors. The Audit Committee has commenced an independent investigation. Given the timing of the recent notification, the Company has not finalized its financial statements and expects to file an NT-10Q. The Company has voluntarily reported the matter to the Securities and Exchange Commission. Redwire remains confident in its business prospects and, to date, the Company has not identified any material misstatements or restatements of its previously filed financial statements.
It's looking like a perfect Gummy- Now $6.45 Innoviz Technologies Ltd. (INVZ) NasdaqCM - NasdaqCM 5.92-0.08 (-1.33%) At close: November 16 4:00PM EST 6.45 +0.53 (+8.95%)<------------------- Pre-Market: 08:12AM EST
July $13 INVZ is a $10 stk. 7 days ago they had earn Nov 8th before earn stk was $4.74 went up a good sign. This is a big time bottom call and could lead to $14. I am in a fix. It's not quite HF material.... I would have to sell something like ECOR....
Ha!!!!!! Becky must be reading The Garden. She just said it reminds her of 1999 regarding the Crypto Arena! You go Becky!
1-> INVZ 2-> MTOR 3-> URBN ET ain't half as fun w/o Stoney. Did you notice, as KC pointed out in another thread, all the weed stocks were up? Why not our recently ipo'd Colombia connection? Dump it Stoney. Is KC a good guy? I don't ever check these other threads except sometimes I hit most read and leave a nasty comment. I noticed a bit of a selloff actually in these names yesterday and my Colombian stk held firm. The question of weed stocks I have been wrestling with. Flora is the best positioned in my view. Then Green Thumb has been getting investment love they might be interesting.