In today’s briefing:
- (Mostly) Asia-Pac M&A: Austal, Best World, Isetan Singapore, Langham Hospitality, Azure, Genex Power
- AptarGroup Inc.: Initiation Of Coverage – Will The Expansion & Refining Of Manufacturing Operations Catalyze Growth? – Major Drivers
- Graphic Packaging Holding Company: Initiation Of Coverage – These Are The 3 Biggest Challenges In Its Path! – Major Drivers
- Valvoline Inc.: Initiation Of Coverage – Will The Improvements in Non-Oil-Change Revenues and Premiumization Continue To Happen? – Major Drivers
(Mostly) Asia-Pac M&A: Austal, Best World, Isetan Singapore, Langham Hospitality, Azure, Genex Power
- I tally 52 – mostly firm, mostly Asia-Pac – transactions currently being discussed and analysed on Smartkarma. Inside is a timetable of upcoming key events for each deal.
- Four new deals discussed on Smartkarma: Austal (ASB AU)‘s spurned Offer; Best World (BEST SP)‘s Exit Offer; Isetan Singapore (ISET SP)‘s parent Offer; and (maybe) Langham Hospitality (1270 HK)‘s privatisation.
- Key updates took place on: Azure Minerals (AZS AU), Genex Power Ltd (GNX AU), IntelliCentrics Global Holding (6819 HK) and JSR Corp (4185 JP).
AptarGroup Inc.: Initiation Of Coverage – Will The Expansion & Refining Of Manufacturing Operations Catalyze Growth? – Major Drivers
- Aptar Group, Inc. delivered solid core sales growth of 2% in Q4 2023, reaching an adjusted EPS of $1.21 per share, which marked a progression from past results.
- The increase was attributed to a record year for the company’s proprietary drug delivery systems and its fragrance dispensing technologies.
- Aptar achieved an increased adjusted EBITDA margin of more than 21%, marking a 3-point elevation from the prior year, backed by robust growth in the pharmaceutical end markets.
Graphic Packaging Holding Company: Initiation Of Coverage – These Are The 3 Biggest Challenges In Its Path! – Major Drivers
- Globus Medical, a leading musculoskeletal solutions provider, has reported record revenues of $1.569 billion for the full year 2023, marking a growth of 53% compared to the previous year.
- The strong performance includes four months of sales after its merger with NuVasive.
- This remarkable growth maintained the company’s industry-leading profitability, generating a record non-GAAP EPS of $2.32 and an adjusted EBITDA of 30%.
Valvoline Inc.: Initiation Of Coverage – Will The Improvements in Non-Oil-Change Revenues and Premiumization Continue To Happen? – Major Drivers
- Valvoline Inc., a leading worldwide marketer and supplier of premium branded lubricants and automotive services, reported robust results for the first quarter of fiscal 2024.
- The company’s strong performance was marked by a robust top-line growth with system-wide store sales growing 12.3% to $723 million.
- Both company and franchise same-store sales expanded respectively with 6.1% and 8% growth.
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