RXSD. Sales Increase 101% and Net Income Advances 103% .. BEAV Record <BEAV.O> beat estimates, ...ORCL beat estimates....TELC beat estimates..
This was probably the best "earnings plays" newsletter in the last year. There were no 'downers' and even stocks like JBL, COST,TOM were giving good gains on 'anticipation'.. I will be giving you my last 'earnings plays' newsletter on SI for the 22 of June through 30th of June. I will have it by tomorrow afternoon.
Starting from July 1st, only subscribers to "Market Gems" will get the full newsletter with analysis, but members of Silicon Investor will still be getting 'abridged' earnings plays, daily watch lists, etc. July promises to be an earnings season fraught with excitement, and no doubt some surprises but it should be an extremely profitable one for us. Returns for June have been extraordinary taking into consideration the many 'bad' days when the market was down 3 digits. We were able to circumnavigate the 'problem' sectors and catch a ride on the strong retailers, personnel, consumer nondurables, or anything that 'bucked the downtrend'..
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B/E Aerospace Reports Fiscal 1999 First Quarter Results: Record Revenues and Earnings From Operations Exceed Expectations; Company Confirms Outlook for Strong Second Half
WELLINGTON, Fla.--(BUSINESS WIRE)--June 17, 1998--B/E Aerospace,
Inc. (Nasdaq-NMS: BEAV) today announced record revenues and operating
earnings for its fiscal 1999 first quarter ended May 30, 1998. Net
sales for the fiscal 1999 first three months were an all-time record
for any quarter in the Company's history reaching $139,991,000, up 23
percent versus fiscal 1998 first quarter sales of $113,846,000. First
quarter gross profit of $51,880,000 (37.1% of sales) was up 26 percent
from the fiscal 1998 first quarter level of $41,063,000 (36.1% of
sales). The Company reported record operating earnings before
acquisition-related charges of $18,468,000 (13.2% of sales) in the
current period, an increase of 29 percent over the prior year. As
previously reported in B/E's recently filed Form 10-K for fiscal 1998,
the Company recorded a nonrecurring charge of $98,253,000 in the
current period for the acquisition of in-process research and
development and acquisition-related expenses associated with AMP and
PBASCO. As a result of these charges, the Company reported a net loss
of $(89,383,000), or $(3.87) per share for the quarter. Earnings and
earnings per share (diluted) before the special charge for the period
were $8,870,000 and 37 cents, an increase of 28 percent and 23
percent, respectively, over the prior year's results of $6,943,000
and 30 cents per share (diluted).
B/E Vice Chairman and Chief Executive Officer Robert J. Khoury
stated, "Our first quarter results for fiscal 1999 continue to reflect
the ongoing strength of our operations over the past two years. We
have, in fact, now exceeded consensus Wall Street earnings
expectations for nine consecutive quarters."
"Approximately two-thirds of the Company's revenues are derived
from refurbishment, retrofit, spares and service revenues. We
anticipate that these aftermarket revenues as a percentage of total
revenues will continue to increase over the next several years as
airlines complete the retrofits of the cabin interiors in their
fleets. The growth in our revenues and backlog over the past three
years has been driven by the aftermarket, and we expect that with our
growing installed base and the health of our airline customers this
backlog growth will result in continued revenue gains. In addition,
the combined strength of the aftermarket, the composition of our
backlog and related expected follow-on orders, as well as the expected
contributions from our acquisitions are all positives which lead us to
remain confident in our outlook for a strong second half for the
Company."
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BOCA RATON, Fla., June 17 /PRNewswire/ -- Rexall Sundown, Inc.
(Nasdaq: RXSD) today announced record results for the three months ended May
31, 1998.
Net sales for the third quarter rose 101% to $151.0 million from
$75.0 million for the same period in fiscal 1997. Pro forma net income of
$19.4 million for the three months just ended increased $9.8 million or 103%
compared to last year's third quarter. Diluted earnings per share for the
third quarter were $0.26 compared to $0.13 in the third quarter last year.
In making the announcement, Chris Nast, the Company's Chief Executive
Officer, stated, "We are very proud to have achieved this dramatic level of
sales and net income growth. Sales to retailers rose 156% compared to the
same period last year, and Rexall Showcase International, the Company's direct
sales division, continued its success, posting a strong sales gain of 45%
compared to the prior year's quarter. More impressive is the fact that our
third quarter operating margin of 19.8% increased 1.7 points, compared to the
third quarter of fiscal 1997, despite the increase in our investment in
advertising, research and product development and manufacturing capacity."
For the nine months ended May 31, 1998, net sales increased 87% to
$377.2 million from $202.0 million in the previous year. "The Company's year
over year sales growth continues to significantly outpace that of the overall
industry and reflects the leadership we are bringing throughout the entire
category. Our products continue to be well received by consumers and our
distribution continues to expand," Mr. Nast said.
The Sundown(R) Vitamin and Herbal product lines remain the number one
selling brands in the total U.S. food, drug and mass markets and the Company's
Osteo Bi-Flex(TM) product remains the third best-selling nutritional
supplement in the country. The Company continues to expand its sales to
existing retail customers while adding new customers. Also contributing to
the Company's record results was the Rexall Showcase International division
which launched new products such as the ProPortion(TM) Bar, expanded its
Aestival(TM) personal care product line and continued to increase its
distributor base.
Pro forma net income for the nine months ended May 31, 1998 rose 89% to
$48.6 million from $25.8 million in last year's period. Diluted earnings per
share for the most recent nine month period were $0.66 compared to $0.37 in
the same period a year ago.
Carl DeSantis, Chairman of the Board, said, "The continuation of record
levels of sales and earnings reflects all the investments and efforts that the
Company and its employees are making to ensure our continued leadership in the
vitamin and nutritional supplement industry." DeSantis also noted that during
the quarter the Company expanded its stock option program beyond the
management level to include all employees. Mr. DeSantis added, "We are
pleased to add this benefit which will ensure that the interests of our
employees, management, distributors and shareholders are harmoniously aligned.
With positive trends in the vitamin and nutritional supplement industry along
with our continued focus on science-based and proprietary products, we are
well positioned to sustain our leadership role into the future," Mr. DeSantis
said.
Rexall Sundown, Inc., develops, manufactures and distributes vitamins,
nutritional supplements and other consumer health products in the United
States and internationally. Visit the Rexall Sundown web site at www.rexallsundown.com.
Oracle Corporation Reports Record Fourth Quarter and Fiscal Year End <ORCL.O>
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Oracle Corporation Reports Record Fourth Quarter and Fiscal Year End Results
Fourth Quarter EPS $0.41
Oracle Tops $7 Billion in Annual Revenues
REDWOOD SHORES, Calif., June 17 /PRNewswire/ -- Oracle Corporation
(Nasdaq: ORCL) today announced record fiscal year results for the period ended
May 31, 1998. Oracle's two businesses, database and applications, totaled
$7.1 billion in annual revenues. The database business, including database,
tools and related services, reported $5.3 billion for fiscal year 1998, and
grew at 17 percent compared to the prior year, continuing its position as the
largest database business in the world. The applications business and related
services grew 58 percent for the year, totaling $1.8 billion in annual
revenues, continuing its position as the second largest applications business
in the world.
Revenues for the fourth quarter increased 24 percent (28 percent in local
currencies) to $2.4 billion from $1.9 billion in the same period last year.
Net income for the period increased to $403 million, or $0.41 per share,
compared to net income of $360 million, or $0.36 per share, in the same period
last year.
For the total fiscal year 1998, revenues grew 26 percent (31 percent in
local currencies) to $7.1 billion. Net income for the period increased to
$955 million, or $0.96 per share, excluding charges related to acquired
in-process research and development from Treasury Services Corporation and
Navio Communications, Inc., in Oracle's first quarter. This compares to net
income of $845 million, or $0.84 per share, for fiscal year 1997, excluding
the $24 million after tax charge in Oracle's fiscal 1997 third quarter for the
purchase of Datalogix, Inc.
Overall license and other related revenue in the fourth quarter grew by
10 percent year-over-year reflecting continued demand for Oracle's core
products in the fourth fiscal quarter. In particular, database in the
Americas increased 24 percent, leading overall license performance. Services
revenue increased 43 percent, year-over-year, which continued a four year
trend of consistent 40 plus percent growth.
Oracle Americas led sales growth by geographic region, up 33 percent,
followed by EMEA (Europe, Middle East and Africa), up 23 percent (27 percent
in local currencies), versus the same period last year. Asia Pacific was down
17 percent in reported dollars (down 2 percent in local currencies) versus the
same period last year, reflecting continued weak economic conditions in Asia
Pacific.
During the fiscal year, Oracle delivered new versions of each of its major
products:
-- Oracle8, launched in June 1997, received high appraisal from key
industry publications throughout the world by winning the following awards:
* InfoWorld - Product of the Year
* InfoWorld - Best of Test Center
* Networking Solutions - Product of the Year
* Datamation - Product of the Year
* Windows NT Magazine - Most Influential Database on NT
* Information Week - One of the Most Important Products of the Year
* PC Magazine - Finalist Fourteenth Annual Awards for Technical
InfoWorld named for technical excellence
* Data News (Belgium IT Magazine) - Database Management Software of the
Year
* Network News (Italian IT Magazine) - Best Database of the Year
* Network and Communications (Swedish IT Magazine) - Best in Test
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