Last $63.40 USD
Change Today -0.90 / -1.40%
Volume 361.7K
CORE On Other Exchanges
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As of 3:47 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

core-mark holding co inc (CORE) Key Developments

Core-Mark Holding Company, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for 2015

Core-Mark Holding Company, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. Net sales were $2,608.6 million against $2,491.3 million a year ago. Income from operations was $23.0 million against $23.8 million a year ago. Income before income taxes was $22.5 million against $23.2 million a year ago. Net income was $14.6 million against $15.0 million a year ago. Diluted per share was $0.62 against $0.65 a year ago. Adjusted EPS was $0.69 per share, up from $0.65 a year earlier. Adjusted EBITDA was $122.7 million against $109.5 million a year ago. For the year, the company reported net sales were $10,280.1 million against $9,767.6 million a year ago. Income from operations was $68.3 million against $29.0 million a year ago. Income before income taxes was $66.4 million against $66.0 million a year ago. Net income was $42.7 million against $41.6 million a year ago. Diluted per share was $1.83 against $1.79 a year ago. Net cash provided by operating activities was $66.5 million against $59.1 million a year ago. Additions to property and equipment, net was $53.9 million against $18.0 million a year ago. For 2015, the company sees adjusted EPS of $2.26 to $2.33 a share, adjusted EBITDA of $125 million and $129 million with revenues of $10.7 billion to $11.0 billion. Capital expenditures for 2015 are expected to be approximately $35 million, which will be utilized for expansion projects and maintenance investments. Diluted earnings per-share for the full year are expected to be between $1.84 and $1.91, which assumes $16 million of estimated LIFO expense. Diluted per-share estimates, excluding LIFO expense, are between $2.26 and $2.33. EPS estimates assume a 38% tax rate and 23.4 million fully diluted shares outstanding.

Core-Mark Holding Company, Inc. Declares Cash Dividend, Payable on March 26, 2015

Core-Mark Holding Company, Inc. announced its Board of Directors has approved a $0.13 cash dividend per common share. The dividend is payable on March 26, 2015 to stockholders of record as of the close of business on March 12, 2015.

Core-Mark Holding Company, Inc. to Report Q4, 2014 Results on Mar 02, 2015

Core-Mark Holding Company, Inc. announced that they will report Q4, 2014 results Pre-Market on Mar 02, 2015

Core-Mark Holding Company, Inc., Q4 2014 Earnings Call, Mar 02, 2015

Core-Mark Holding Company, Inc., Q4 2014 Earnings Call, Mar 02, 2015

Core-Mark Holding Company, Inc. Announces Executive Changes

Core-Mark Holding Company, Inc. announced two executive management changes following a careful review of the needs of the company. Chris Hobson, Senior Vice President of Marketing will assume the new position of Senior Vice President of Sales and Marketing. Mr. Hobson joined Core-Mark in 2000 as a General Sales Manager and has held several roles within the Company including Division President and most recently as the Company's Senior Vice President of Marketing where he has played an integral role in executing the Company's critically important Fresh and Vendor Consolidation Strategies. In his expanded role, Mr. Hobson will oversee all aspects of sales within the Company including National Accounts, Field Sales Force, Core Solutions Group, Merchandising and Sales Force Support. Scott McPherson, Senior Vice President of Corporate Development will assume the new position of Senior Vice President of Business Operations and Strategic Opportunities. Mr. McPherson joined Core-Mark in 1992 in the sales organization of the Portland distribution center, and has served in a variety of other positions for Core-Mark that include Division President and Senior Vice President US Divisions. Most recently he has served as Senior Vice President of Development, where he has led the Company's acquisitions, TRAC team (Training, Resources, Acquisitions, Conversions) and developed and overseen the Core Solutions Group, which has been critical to making retailers relevant and more profitable. Mr. McPherson will continue to lead Core-Mark's Acquisition strategy as well as the TRAC team and will assume leadership of the Company's Information Technology and Corporate Logistics Group in his redefined role. Mr. McPherson will be responsible for the oversight of teams that play an integral role in marshalling appropriate resources in the context of integrating new customers, new technology, new acquisitions and new buildings. Both organizational changes will become effective January 1, 2015.

 

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CORE

Industry Average

Valuation CORE Industry Range
Price/Earnings 37.9x
Price/Sales 0.2x
Price/Book 3.6x
Price/Cash Flow 35.5x
TEV/Sales 0.2x
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