core-mark holding co inc (CORE) Key Developments
Core-Mark Selects Boyd Coffee Company as Strategic Category Partner
Apr 28 15
Core-Mark Holding Company, Inc. now joins Boyd Coffee Company to expand its coffee and beverage-based solutions. This strategic partnership brings together two companies to focus on programs and better solutions for the coffee and beverage arena and in the future. This newly created strategic partnership with Boyd Coffee Company will enable Core-Mark customers to be able to offer the finest tasting, visually appealing, and consumer-relevant product offering in the industry. Together, it will give combined customers an even broader set of tools to drive coffee sales and profits, while staying in touch with the ever changing consumption trends of the beverage consumer.
Core-Mark Holding Company, Inc. Presents at Sidoti 19th Annual Small-Cap Equity Conference, Mar-17-2015
Mar 11 15
Core-Mark Holding Company, Inc. Presents at Sidoti 19th Annual Small-Cap Equity Conference, Mar-17-2015 . Venue: The Grand Hyatt Hotel, New York City, New York, United States.
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
Mar 2 15
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
Mar 2 15
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
Feb 25 15
Core-Mark Holding Company, Inc. announced that they will report Q4, 2014 results Pre-Market on Mar 02, 2015