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Last $72.97 USD
Change Today -0.68 / -0.92%
Volume 1.5M
TAP On Other Exchanges
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As of 8:04 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

molson coors brewing co -b (TAP) Key Developments

Molson Coors Brewing Company Declares Quarterly Dividend, Payable on June 15, 2015

Molson Coors Brewing Company declared a regular quarterly dividend on its Class A and Class B common shares of $0.41 per share, payable June 15, 2015, to shareholders of record on May 29, 2015. The quarterly dividend is payable to holders of Class A and Class B common stock of Molson Coors Brewing Company.

Molson Coors Brewing Company Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Molson Coors Brewing Company announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's net sales were $700.0 million compared with $816.0 million a year ago. Operating income was $125.3 million compared with $204.2 million a year ago. Income from continuing operations before income taxes was $93.5 million compared with $169.6 million a year ago. Net income from continuing operations was $80.7 million or $0.42 per diluted share compared with $164.8 million or $0.89 per diluted share a year ago. Net income attributable to the company was $81.1 million or $0.43 per diluted share compared with $163.4 million or $0.88 per diluted share a year ago. Net income from continuing operations attributable to the company was $79.2 million compared with $165.3 million a year ago. The decrease was due to lower non-core income, a higher tax rate and unfavorable currency movements in 2015. Net cash used in operating activities was $202.6 million compared with net cash provided by operating activities of $149.7 million a year ago. Additions to properties were $73.7 million compared with $65.3 million a year ago. Underlying after-tax income was $86.1 million or $0.46 per diluted share compared with $102.2 million or $0.55 per diluted share a year ago. The company reported a 15.8% decrease in underlying after-tax income for the first quarter 2015, driven by unfavorable foreign currency and a higher tax rate that was cycling a large discrete tax benefit a year ago. Underlying EBITDA was $228.6 million in the quarter, a 9.0% decrease from a year ago. Underlying pretax income was $102.0 million compared with $106.5 million a year ago.

Molson Coors Brewing Company Presents at 2015 Goldman Sachs Global Staples Summit, May-12-2015 10:05 AM

Molson Coors Brewing Company Presents at 2015 Goldman Sachs Global Staples Summit, May-12-2015 10:05 AM. Venue: The Goldman Sachs Conference Center, New York, New York, United States. Speakers: Gavin D. Hattersley, Global Chief Financial Officer.

Molson Coors Brewing Company, Q1 2015 Earnings Call, May 07, 2015

Molson Coors Brewing Company, Q1 2015 Earnings Call, May 07, 2015

Molson Coors Seeks Acquisitions

Mark Hunter, President and Chief Executive Officer of Molson Coors Brewing Company (NYSE:TAP) said, "Molson Coors has demonstrated a desire to look at craft acquisitions." Aside from keeping the doors open to acquisition, the company routinely makes additions to its internal portfolio of craft beers.

 

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Price/Cash Flow 25.3x
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