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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 (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 (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 (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. (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 (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, 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.