Sunday, May 14, 2023

Week in Review 19/23



 

Welcome and thanks for reading!

In this review, I will make a summary of important and interesting news and events over the last week related to my portfolio holdings. Also, I will put together some interesting articles from other websites that caught my attention during the past week.



Received Dividends:



May 8, 2023


  • €17.60 – Air Products and Chemicals, Inc. (APD)


May 9, 2023


  • €44.44 – Medifast, Inc. (MED)


May 11, 2023


  • €27.30 – Global X SuperDividend ETF (SDIV)


May 12, 2023


  • €35.73 – General Dynamics Corporation (GD)


Week 19: Total net dividends €125,07


Dividend income is reported after the deduction of taxes. Check more at my Monthly Dividend sheet.



Portfolio Holdings News:



May 8, 2023


  • QUALCOMM Incorporated (QCOM) to Acquire Autotalks; QCOM announced that its subsidiary, Qualcomm Technologies, Inc., has entered into a definitive agreement to acquire Israel's Autotalks Ltd, which produces chips used in technologies aimed at reducing car collisions. The transaction is subject to customary closing conditions.



  • Viatris Inc. (VTRS) Reports Results for First Quarter 2023; VTRS reports first quarter Non-GAAP EPS of $0.77, 16.6% below last year's result but $0.07 more than expected. Revenue decreased 11.2% to $3.72 billion, which was $90 million less than expected. Management expects Full-Year Total Revenues ($15.5B - $16.0B), Adjusted EBITDA ($5.0B - $5.4B) and Free Cash Flow ($2.3B - $2.7B) to be at Midpoint of 2023 Guidance.


  • Air Products and Chemicals, Inc. (APD) to Supply an Electric-Driven LNG Plant in China; APD announced it has signed an agreement to supply its proprietary liquefied natural gas (LNG) process technology and equipment to Technip Energies for the Xi'An LNG Emergency Reserve & Peak Regulation Project with Shaanxi LNG Reserves & Logistics Company Ltd, in ShaanXi Province, China. Air Products' technology will be vital for the liquefaction train producing 800,000 tons per year of LNG when the plant becomes operational.



May 9, 2023


  • NCC AB (NCC) to refurbish county hospital in Trollhättan; NCC has signed an additional agreement with Västfastigheter for an assignment covering part of the refurbishment and expansion of the operation and surgery ward at Northern Älvsborg County Hospital (NÄL) in Trollhättan. The order value is approximately SEK 150 million.


  • Duke Energy Corporation (DUK) Reports First-Quarter 2023 Financial Results; DUK reports Non-GAAP EPS of $1.20, missing analyst estimates by $0.06 and decreasing 7.0% year-over-year. Revenue of $7.28 billion beats analyst estimates by $1.02 billion and increased 3.9% versus the same quarter last year. Management are reaffirming 2023 EPS guidance range of $5.55 to $5.75.



  • Air Products and Chemicals, Inc. (APD) Reports Fiscal 2023 Second Quarter Results; APD reports Non-GAAP EPS of $2.74, beating analyst estimates by $0.08 by increasing 17% year-over-year. Revenue grew 8.5% to $3.2 billion, topping estimates by $120 million. Management increased fiscal 2023 full-year adjusted EPS guidance to $11.30 to $11.50 and fiscal 2023 third quarter adjusted EPS guidance of $2.85 to $2.95.



May 10, 2023


  • Sampo plc (SAMPO) Reports Results for January-March 2023; SAMPO reports first quarter Earnings per share of €0.53, 62.7% below from last year and €0.07 below of estimates. Profit before taxes of €359 million beats analyst estimates by €17 million and increased 30% versus the same quarter last year. SAMPO’s Board of Directors has proposed to the AGM that Mandatum is separated from the Group by way of a partial demerger of Sampo plc.


  • Koninklijke Ahold Delhaize N.V. (AMS:AD) Reports Q1 2023 Results; AD reports Non-GAAP EPS of €0.61, beating analyst estimates by €0.03 by increasing 10.5% year-over-year. Revenue of €21.6 billion misses analyst estimates by €7 million but increased 9.1% versus the same quarter last year. Management reiterates its 2023 full-year outlook, including underlying operating margin of ≥4.0%, underlying EPS at around 2022 levels and free cash flow of approximately €2.0 billion.



  • Nutrien Ltd. (NTR) Reports First Quarter 2023 Results; NTR reports Non-GAAP EPS of $1.11, missing analyst estimates by $0.37 and decreasing 59% year-over-year. Revenue of $6.11 billion misses analyst estimates by $210 million and decreased 20.2% versus the same quarter last year. Management are revising full-year 2023 adjusted EBITDA guidance to $6.5 to $8.0 billion and full year 2023 adjusted net earnings guidance2 to $5.50 to $7.50 per share.



  • Manulife Financial Corporation (MFC) Reports Q1 2023 Results; MFC reports first quarter Non-GAAP EPS of C$0.79, 4% above last year's result but C$0.01 less than expected. Global Wealth and Asset Management net inflows of $4.4 billion in 1Q23, compared with net inflows of $6.8 billion in 1Q22. Book value of C$22.01 per share vs. C$26.49 in Q4 2022 and C$20.11 in Q1 of last year.


May 11, 2023


  • UPM-Kymmene Corporation Lowers Outlook; UPM lowers its outlook for 2023. Comparable EBIT in H1 2023 is now expected to decrease from H1 2022. Full-year 2023 comparable EBIT is expected to decrease from 2022. Earlier, UPM expected comparable EBIT to increase in H1 2023 from H1 2022, and 2023 to be another year of strong financial performance.


  • Cardinal Health, Inc. (CAH) Increase Quarterly Dividend; CAH announced today that its Board of Directors approved an increase to the Company's quarterly dividend from $0.4957 to $0.5006 per share, an increase of 1% increase. The dividend will be payable on July 15, 2023 to shareholders of record at the close of business on July 3, 2023.


  • Walgreens Boots Alliance, Inc. (WBA) Sells Shares of AmerisourceBergen Corporation; WBA announced that it has sold shares of AmerisourceBergen Corporation (NYSE: ABC) common stock pursuant to variable prepaid forward transactions executed in reliance on Rule 144 of the Securities Act of 1933, as amended, for current proceeds of approximately $644 million. WBA’s ownership of AmerisourceBergen’s common stock has decreased as a result of the concurrent share repurchase by AmerisourceBergen but remains at approximately 17%.


  • Algonquin Power & Utilities Corp. (AQN) Announces 2023 First Quarter Financial Results; AQN reports Non-GAAP EPS of $0.17, beating analyst estimates by $0.01 but decreasing 19% year-over-year. Revenue of $778.6 million beats analyst estimates by $44.9 million and increased 6.2% versus the same quarter last year. Management reiterates its previously-disclosed estimate of Adjusted Net Earnings per common share for the 2023 fiscal year within a range of $0.55-$0.61.


May 12, 2023




Articles that caught my attention:





Thanks for stopping by, have a nice next week!


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