Latest news with #quarterly
Reuters
a day ago
- Business
- Reuters
India's V-Guard misses profit estimates as weak summer hits cooling product demand
July 29 (Reuters) - V-Guard Industries ( opens new tab missed quarterly profit estimates on Tuesday, as sales in the cooling and kitchenware segments declined from a year earlier. The company reported a net profit of 738.5 million rupees ($8.5 million) for the quarter ended June 30, compared with 989.7 million rupees a year earlier. Analysts, on average, expected a profit of 844 million rupees, according to data compiled by LSEG. The company's revenue shrank marginally to 14.66 billion rupees from 14.77 billion rupees a year ago, led by a decline in sales in its kitchenware brand, Sunflame, and its consumer durables segment. V-Guard said that it will enter the lighting business. Early monsoon showers and a cooler-than-usual summer in south India, one of V-Guard's key markets, resulted in a 16.3% sales decline in the consumer durables portfolio, which comprises air coolers and fans. "Topline growth for the first quarter of fiscal 2026 was subdued due to a weak summer season," V-Guard said in a press release. Sales in the company's kitchenware business also declined, reflecting ongoing pressure in its distribution network. V-Guard is facing issues with sales channels that cater to armed and government personnel. These bulk-buying channels, which typically sell at discounted rates, have stockpiled large inventories and are housing a wider range of brands, V-Guard has said. PEER COMPARISON * The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT APRIL TO JUNE STOCK PERFORMANCE -- All data from LSEG -- $1 = 86.8350 Indian rupees
Globe and Mail
a day ago
- Business
- Globe and Mail
Interpublic Declares Common Stock Dividend
New York, NY, July 28, 2025 (GLOBE NEWSWIRE) -- Interpublic Group (NYSE: IPG) today announced that the company's Board of Directors has declared a quarterly dividend on IPG common stock of $0.33 per share, payable on September 16, 2025, to holders of record at the close of business on September 2, 2025. # # # About Interpublic Interpublic (NYSE: IPG) ( is a values-based, data-fueled, and creatively-driven provider of marketing solutions. Home to some of the world's best-known and most innovative communications specialists, IPG global brands include Acxiom, Craft, FCB, FutureBrand, Golin, Initiative, IPG Health, IPG Mediabrands, Jack Morton, KINESSO, MAGNA, McCann, Mediahub, Momentum, MRM, MullenLowe Global, Octagon, UM, Weber Shandwick and more. IPG is an S&P 500 company with total revenue of $10.7 billion in 2024. # # # Contact Information Tom Cunningham (Press) (212) 704-1326 Jerry Leshne (Analysts, Investors) (212) 704-1439
Globe and Mail
6 days ago
- Business
- Globe and Mail
GATX Corporation Announces Quarterly Dividend
The board of directors of GATX Corporation (NYSE: GATX) today declared a quarterly dividend of $0.61 per common share, payable September 30, 2025, to shareholders of record on September 15, 2025. This quarterly dividend is unchanged from the prior quarter. COMPANY DESCRIPTION At GATX Corporation (NYSE: GATX), we empower our customers to propel the world forward. GATX leases transportation assets including railcars, aircraft spare engines and tank containers to customers worldwide. Our mission is to provide innovative, unparalleled service that enables our customers to transport what matters safely and sustainably while championing the well-being of our employees and communities. Headquartered in Chicago, Illinois since its founding in 1898, GATX has paid a quarterly dividend, uninterrupted, since 1919. Investors and others should note that GATX routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the GATX Investor Relations website. While not all of the information that the Company posts to the GATX Investor Relations website is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media and others interested in GATX to review the information that it shares on under the 'Investors' tab.
Reuters
6 days ago
- Business
- Reuters
Valero Energy reports second-quarter profit fall
July 24 (Reuters) - Refiner Valero Energy (VLO.N), opens new tab reported a fall in second-quarter profit on Thursday, hurt by lower throughput volumes. The company reported a profit of $714 million, or $2.28 per share, for the quarter ended June 30, compared with $880 million, or $2.71 per share, from a year earlier.
Wall Street Journal
6 days ago
- Business
- Wall Street Journal
Dow Swings to Loss as Sales Decline Across All Segments
Dow swung to a loss in the second quarter after sales declined across all operating segments, reflecting in part trade and tariff uncertainties. The chemical maker swung to a loss of $835 million, or $1.18 a share, for the quarter, compared with net income of $439 million, or 62 cents a share, in the prior-year period.
