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News

Earnings: Phillips 66, Abbott Labs, Coach (PSX, ABT, COH)

Mike Deane Jan 29, 2015


Before the opening bell on Thursday, a number of big name, dividend paying companies announced their quarterly earnings. Below, we look at these earnings reports and break down the important points for investors.


Phillips 66 Beats Q4 EPS Estimates


Phillips 66 (PSX ) reported fourth quarter earnings of $1.1 billion, which are down slightly from last year’s Q4 earnings of $1.2 billion. Adjusted earnings per share came in at $1.63, which is up from $1.34 reported last year, and above analyst’s estimates of $1.41.

PSX chairman and CEO Greg Garland had the following comments: “Our solid fourth quarter was the result of our diversified asset portfolio and operational excellence, even as commodity prices declined. During the quarter, we generated more than $1 billion in cash flow and returned over $800 million of capital to shareholders, while continuing to fund value-enhancing growth projects.”


Abbott Labs Beats EPS Estimates; Falls Short on Revenue


Abbott Labs (ABT ) reported fourth quarter revenues of $5.4 billion, up 5.6% from last year’s Q4 sales of $5.07 billion. Adjusted net earnings for the quarter came in at $1.09 billion, or 71 cents per share, compared to last year’s Q4 figures of $918 million, or 58 cents per share. Analysts were expecting EPS of 69 cents and revenues of $5.48 billion. Looking ahead, ABT sees FY2015 EPS in the range of $2.10 to $2.20, which is in-line with analysts’ expectations of $2.14.


Sherwin-Williams Misses Q4 Estimates


Sherwin-Williams (SHW ) reported fourth quarter sales of $2.57 billion, which is up slightly from last year’s Q4 sales of $2.46 billion. Net income for the quarter came in at $132.74 million, or $1.37 per share, compared to last year’s $116.1 million, $1.14 per share. Analysts were expecting EPS of $1.38 on revenues of $2.6 billion. Looking ahead, SHW sees Q1 EPS in the range of $1.30-$1.45 and FY2015 EPS in the range of $10.90-$11.10. Analysts are expecting Q1 EPS of $1.55 and FY2015 EPs of $11.03.


Stanley Black & Decker, Inc.


Stanley Black & Decker, Inc. (SWK ) reported fourth quarter sales of $3 billion, up from last year’s $2.9 billion. Analysts were expecting $2.98 billion in revenues. Net earnings attributable to common shareholders for the quarter came in at $145.8 million, or 91 cents per diluted share, compared to last year’s Q4 figures of $56.1 million, or 35 cents per diluted share. On an adjusted basis, SWK’s earnings came in at $1.56, beating analysts’ expectations of $1.52. For FY2015, SWK sees EPS in the range of $5.90-$6.10, while analysts expect $6.06.


Harley-Davidson Beats Q4 Estimates


Harley-Davidson (HOG ) reported fourth quarter revenues of $1.2 billion, up slightly from last year’s $1.19 billion. Earnings for the quarter came in at 35 cents per share, marking a 2.9% increase over last year. HOG beat analysts’ estimates of 24 cents EPS on revenues of $1.06 billion. for 2015, Harley-Davidson expects shipments to increase by 4% to 6%.


Coach Beats Q4 EPS Estimates


Coach, Inc (COH ) reported second quarter sales of $1.22 billion, marking a decline from last year’s Q2 sales of $1.42 billion. Analysts were expecting $1.23 billion in sales. Net income also came in lower at $183.5 million, or 68 cents per diluted share, compared to last year’s $297.4 million, or $1.06 per diluted share. On an adjusted basis, COH’s EPS came in at 72 cents, beating analysts’ expectations of 66 cents.

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