Reports

ASX rises, as Japan stocks hit 30-year high on reports of Yoshihide Suga resigning

Australian shares have finished their week moderately higher, with mining and energy stocks driving much of the gains.

The ASX 200 rose by 0.5 per cent to close at 7,523 points, clawing back some of its losses from the past couple of days.

In the past week, the benchmark index has gained 0.5 per cent.

But its performance paled in comparison to the Japanese stock market, which surged to a 30-year high on Friday.

Japan’s Topix index vaulted as much as 1.7 per cent to 2,018 points, a level last seen in April 1991.

The Nikkei had jumped 2 per cent to 29,111 by 4:25pm AEST, its highest level since

Stagwell Marketing Group LLC Reports on Its Exceptional Performance and Highlights Business and Financial Updates Provided in MDC Partners Filing

WASHINGTON, July 13, 2021–(BUSINESS WIRE)–Stagwell Media LP, which on July 8, 2021 entered into an amendment to the transaction agreement providing for the combination of its businesses (the “Proposed Transaction”) with MDC Partners, Inc. (“MDC”) (Nasdaq: MDCA), announced today that its subsidiary, Stagwell Marketing Group LLC (“Stagwell” or the “Company”), has generated strong performance through the second quarter and expects continued outperformance through the remainder of the year. Accordingly, Stagwell has provided updated financial guidance to MDC and the Special Committee of its Board of Directors reflecting improved performance for the Stagwell business through the end of 2021.

Stagwell Partner Jay Leveton offered the following commentary on the Company’s performance in 2021 and the outlook for the remainder of the year:

“Stagwell’s second quarter 2021 results significantly out-performed our forecasts and we were significantly ahead of second quarter 2020 results even though 2021 is an ‘off-cycle year’

EXFO reports third quarter results for fiscal 2021

  • Sales reached US$72.6 million
  • Bookings attained US$87.0 million, book-to-bill ratio of 1.20
  • IFRS net loss totaled US$3.7 million
  • Adjusted EBITDA amounted to US$4.3 million
  • Proxy circular forthcoming on board-approved, going-private transaction

QUEBEC CITY, July 14, 2021 /PRNewswire/ – EXFO Inc. (NASDAQ: EXFO) (TSX: EXF), the communications industry’s test, monitoring and analytics experts, reported today financial results for the third quarter ended May 31, 2021.

“In the third quarter of 2021, EXFO delivered sales and adjusted EBITDA consistent with expectations while strong bookings were mainly driven by a recovery from the coronavirus pandemic and a good performance in EMEA,” said EXFO’s CEO Philippe Morin.

Third Quarter Highlights

  • Sales. Sales improved 9.8% year-over-year in the third quarter of 2021 mainly due to increased spending on fiber deployments in the Americas and Europe, Middle East and Africa (EMEA) following a period of reduced investments caused by the coronavirus

Flowserve Corporation Reports First Quarter 2021 Results

DALLAS–(BUSINESS WIRE)–Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced its financial results for the first quarter ended March 31, 2021.

First Quarter 2021 Highlights (all comparisons to the 2020 first quarter, unless otherwise noted)1

  • Reported Earnings Per Share (EPS) of $0.11 and Adjusted EPS2 of $0.28
    • Reported EPS includes after-tax adjusted items of $22.6 million, including realignment costs, below-the-line foreign exchange impacts and debt retirement costs
  • Total bookings were $945.0 million, down 3.3%, or 6.0% on a constant currency basis and up 14.5% on a sequential basis
    • Original equipment bookings were $487.7 million, or 52% of total bookings, up 2.7%, or down 0.1% on a constant currency basis and up 20.5% on a sequential basis
    • Aftermarket bookings were $457.3 million, or 48% of total bookings, down 8.9%, or 11.5% on a constant currency basis

Henry Schein Reports Fourth Quarter 2020 Financial Results From Continuing Operations

MELVILLE, N.Y.–(BUSINESS WIRE)–Henry Schein, Inc. (Nasdaq: HSIC), the world’s largest provider of health care solutions to office-based dental and medical practitioners, today reported fourth quarter financial results from continuing operations. Results from continuing operations exclude contributions from Henry Schein’s former Animal Health business, which was spun off in February 2019 to form a new publicly traded company, Covetrus (Nasdaq: CVET).

Total net sales for the quarter ended December 26, 2020, were $3.2 billion, an increase of 18.6% compared with the fourth quarter of 2019, driven by sales of personal protective equipment (PPE) and COVID-19 related products. The 18.6% increase included 17.1% internal growth in local currencies, 0.3% growth from acquisitions and 1.2% growth related to foreign currency exchange. (See Exhibit A for details of sales growth).

GAAP net income attributable to Henry Schein, Inc. from continuing operations for the fourth quarter of 2020 was $141.9 million, or $0.99

Sensata Technologies Reports Fourth Quarter and Full Year 2020 Financial Results

SWINDON, England–(BUSINESS WIRE)–Sensata Technologies (NYSE: ST), a global industrial technology company and leading provider of sensor-rich solutions that create insights for customers, today announced financial results for its fourth quarter and full year ended December 31, 2020.

Operating results for the fourth quarter of 2020 compared to the fourth quarter of 2019 and the third quarter of 2020 are summarized below. These results include non-GAAP financial measures, each of which is defined and reconciled to the most directly comparable GAAP measure later in this press release.

Revenue:

  • Revenue was $906.5 million, an increase of $59.8 million, or 7.1%, compared to $846.7 million in the fourth quarter of 2019.
  • Revenue increased 5.3% from the fourth quarter of 2019 on an organic basis, which excludes a 1.8% increase from foreign currency exchange rates versus the prior year period.
  • Revenue increased 15.0% from the third quarter of 2020 on a reported

Accenture Reports Very Strong First-Quarter Results and Raises Business Outlook for Fiscal 2021 | Business

NEW YORK–(BUSINESS WIRE)–Dec 17, 2020–

Accenture (NYSE: ACN) reported financial results for the first quarter of fiscal 2021, ended Nov. 30, 2020, with revenues of $11.8 billion, an increase of 4% in U.S. dollars and 2% in local currency over the same period last year. Revenue growth for the quarter was reduced approximately 2 percentage points by a decline in revenues from reimbursable travel costs.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201217005184/en/

Q1 FY21 Earnings Infographic (Graphic: Business Wire)

GAAP diluted earnings per share were $2.32, an 11% increase from $2.09 for the first quarter last year, including gains on an investment of $0.15 and $0.08, respectively. On an adjusted basis, EPS of $2.17 increased 8% from $2.01 for the first quarter last year.

Operating income was $1.89 billion, a 7% increase over the same period last year, and operating margin was 16.1%, an expansion of