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Last $54.78 USD
Change Today +0.44 / 0.81%
Volume 285.1K
CORE On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

core-mark holding co inc (CORE) Snapshot

Open
$54.20
Previous Close
$54.34
Day High
$55.09
Day Low
$53.94
52 Week High
02/26/15 - $71.51
52 Week Low
06/3/14 - $40.93
Market Cap
1.3B
Average Volume 10 Days
129.0K
EPS TTM
$2.04
Shares Outstanding
23.1M
EX-Date
05/20/15
P/E TM
26.8x
Dividend
$0.52
Dividend Yield
0.91%
Current Stock Chart for CORE-MARK HOLDING CO INC (CORE)

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core-mark holding co inc (CORE) Details

Core-Mark Holding Company, Inc., together with its subsidiaries, markets fresh and broad-line supply solutions to the convenience retail industry. The company distributes various products, including cigarettes, other tobacco products, candies, snacks, fast food, groceries, fresh products, dairy, bread, beverages, general merchandise, and health and beauty care products, as well as offers marketing programs and technology solutions. Its customers include traditional convenience stores, grocery stores, drug stores, liquor stores, cigarette and tobacco shops, hotel gift shops, military exchanges, college and corporate campuses, casinos, hardware stores, and airport concessions, as well as other specialty and small format stores that carry convenience products. The company provides its products through a network of 29 distribution centers in the United States and Canada. Core-Mark Holding Company, Inc. was founded in 1888 and is headquartered in South San Francisco, California.

5,933 Employees
Last Reported Date: 03/2/15
Founded in 1888

core-mark holding co inc (CORE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $480.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $322.3K
Senior Vice President of U.S. Distribution - ...
Total Annual Compensation: $282.9K
Senior Vice President of Business Operations ...
Total Annual Compensation: $270.3K
Senior Vice President of U.S. Distribution - ...
Total Annual Compensation: $230.0K
Compensation as of Fiscal Year 2014.

core-mark holding co inc (CORE) Key Developments

Core-Mark Holding Company, Inc. Announces Sixth Amendment to Credit Agreement with JPMorgan Chase Bank, N.A

On May 21, 2015, Core-Mark Holding Company, Inc. and its subsidiaries, JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto entered into a Sixth Amendment to Credit Agreement amending the company's Credit Agreement dated as of October 12, 2005. The Sixth Amendment, among other changes, extended the company's credit facility for two additional years, from May 2018 to May 2020, fixed the unused facility fee at 25 basis points, and provided for quarterly borrowing base reporting, subject to certain provisions.

Core-Mark Holding Company, Inc. Approves Amendment to the Certificate of Incorporation

Core-Mark Holding Company, Inc. at the AGM held on May 19, 2015, approved an amendment to the certificate of incorporation to increase number of authorized shares of common stock from 50,000,000 shares to 100,000,000 shares.

Core-Mark Holding Company, Inc. Declares Cash Dividend, Payable on June 15, 2015; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Raises Earnings Guidance for the Full Year 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 June 15, 2015 to stockholders of record as of the close of business on May 22, 2015. The company reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $2,452.3 million compared to $2,300.9 million a year ago. Income from operations was $9.9 million compared to $4.6 million a year ago. Income before income taxes was $9.1 million compared to $4.0 million a year ago. Net income was $5.5 million or $0.24 per basic and diluted share compared to $2.4 million or $0.10 per diluted share a year ago. Net cash provided by operating activities was $82.1 million compared to $77.6 million a year ago. Additions to property and equipment, net were $2.7 million compared to $5.0 million a year ago. Adjusted EBITDA increased 44.0% to $22.9 million in the first quarter of 2015 compared to $15.9 million in the first quarter of 2014. The increases in net income and adjusted EBITDA for the first quarter of 2015 were driven primarily by an increase in non-cigarette gross profit, which grew at a higher rate than operating expenses. Excluding LIFO expenses, diluted earnings per-share were $0.30 for the first quarter of 2015 compared to $0.17 for the first quarter of 2014, a 76.5% increase. The company raised the low end of its guidance for the full year of 2015. Annual net sales guidance for 2015 is now expected to be between $10.8 billion and $11.0 billion, up from $10.7 billion and $11.0 billion. This expected growth in sales is driven largely by market share gains. Adjusted EBITDA for 2015 is now expected to be between $126.5 million and $129 million, up from $125 million and $129 million. Diluted earnings per-share for the full year are expected to be between $1.87 and $1.91, up from $1.84 and $1.91. Diluted per-share estimates, excluding LIFO expense, are expected to be between $2.29 and $2.33, up from $2.26 and $2.33. Key EPS assumptions remain unchanged and include $16 million of LIFO expense, a 38% tax rate and 23.4 million fully diluted shares outstanding. The company reaffirmed capital expenditures estimates for 2015 of approximately $35 million, which will be utilized for expansion projects and maintenance investments. The company expected free cash flow will be between $65 million and $70 million for 2015. The company anticipated free cash flow will support another increase in dividend as has been historical practice.

 

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Industry Analysis

CORE

Industry Average

Valuation CORE Industry Range
Price/Earnings 27.7x
Price/Sales 0.2x
Price/Book 2.7x
Price/Cash Flow 26.0x
TEV/Sales 0.1x
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