Last $91.01 USD
Change Today -1.48 / -1.60%
Volume 433.4K
BF/B On Other Exchanges
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As of 8:04 PM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

brown-forman corp-class b (BF/B) Key Developments

Brown-Forman Declares Regular Quarterly Cash Dividend, Payable on April 1, 2015

Brown-Forman's board of directors declared a regular quarterly cash dividend of 31 ½ cents per share on its Class A and Class B Common Stock. Stockholders of record on March 10, 2015 will receive the cash dividend on April 1, 2015.

Brown-Forman Corporation(NYSE:BF.B) dropped from S&P 500 Value Index

Brown-Forman Corporation(NYSE:BF.B) dropped from S&P 500 Value Index

Brown-Forman Corporation Announces Executive Appointments, Effective February 1, 2015

On December 15, 2014, Brown-Forman Corporation approved the appointment of Mark I. McCallum, who has been performing principal operating officer functions in his capacity as the company's executive vice president, president for Europe, Africa, Asia Pacific and Travel Retail, to the position of executive vice president, president of Jack Daniel's Brands, effective February 1, 2015. Also on December 15, 2014, the company approved the appointment of Thomas Hinrichs, who has been serving as the company's senior vice president, managing director Europe, to a principal operating officer position as senior vice president, president Europe, North Asia and ANZSEA, effective February 1, 2015. Mr. Hinrichs, age 52, has been serving as senior vice president, managing director Europe since January 2013. Prior to that role, he held the position of managing director, Greater Europe beginning in July 2006, becoming a senior vice president in December 2006.

Brown-Forman Corporation - Shareholder/Analyst Call

Brown-Forman Corporation - Shareholder/Analyst Call

Brown-Forman Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended October 31, 2014; Reaffirms Earnings Guidance for Fiscal 2015

Brown-Forman Corporation announced unaudited consolidated earnings results for the second quarter and six months ended October 31, 2014. For the quarter, the company reported net sales of $1,135 million against $1,079 million a year ago. Operating income was $303 million against $311 million a year ago. Income before income taxes was $296 million against $305 million a year ago. Net income was $208 million or $0.97 per diluted share against $206 million or $0.96 per diluted share a year ago. Foreign exchange negatively impacted reported operating income growth by ten percentage points in the quarter. For the six months, the company reported net sales of $2,056 million against $1,975 million a year ago. Operating income was $523 million against $528 million a year ago. Income before income taxes was $510 million against $516 million a year ago. Net income was $358 million or $1.67 per diluted share against $349 million or $1.62 per diluted share a year ago. Cash provided by operating activities was $70 million against $201 million a year ago. Additions to property, plant, and equipment was $59 million against $60 million a year ago. The company is reaffirming its underlying growth outlook for fiscal 2015, including 6-8% growth in underlying net sales, and 9-11% growth in underlying operating income. The company also expects reported results to continue to be negatively impacted by the strong appreciation of the U.S. dollar compared to other currencies. After considering current spot rates versus the prior year rates, as well as the company's hedge positions, the company anticipates a mid-single digit currency headwind on reported operating income growth for the full year. The company now expects diluted earnings per share of $3.15 to $3.35, which incorporates an anticipated negative impact from foreign exchange of approximately $0.15 per share compared to the first quarter outlook for a $0.06 per share negative impact from foreign exchange.

 

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BF/B

Industry Average

Valuation BF/B Industry Range
Price/Earnings 29.7x
Price/Sales 6.4x
Price/Book 9.4x
Price/Cash Flow 17.6x
TEV/Sales 3.4x
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