Kingspan Group PLC
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Based in Ireland
Company profile

Kingspan Group Public Limited Company is an Ireland-based company that provides insulation and building envelope solutions. The Company's five operating segment : Insulated Panels, Insulation Boards, Water & Energy, Data & Flooring and Light & Air. Insulated Panels segment is engaged in manufacturing insulated panels, structural framing and metal facades. Insulation Boards segment manufactures rigid insulation boards, building services insulation and engineered timber systems. Light & Air segment is engaged in manufacturing daylighting, smoke management and ventilation systems. Water& Energy segment is engaged in manufacturing energy and water solutions and all related service activities. Data & Flooring segment in focused on manufacturing data center storage solutions and raised access floors.

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Krispy Kreme stock sinks more than 8% after profit and sales miss, downbeat outlook

7:15 am ET August 17, 2022 (MarketWatch)

Shares of Krispy Kreme Inc. sank 8.8% toward a two-month low in premarket trading Wednesday, after the donut seller reported fiscal second-quarter results that missed expectations and provided a downbeat outlook, amid "unique economic pressures" faced by consumers. The net loss for the quarter to July 3 narrowed to $3.85 million, or 2 cents a share, from $17.14 million, or 13 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share fell to 8 cents from 13 cents, and missed the FactSet consensus of 10 cents. Total revenue grew 7.5% to $375.2 million, below the FactSet consensus of $385.9 million. For fiscal 2022, the company expects adjusted EPS of 29 cents to 32 cents and revenue of $1.49 billion to $1.52 billion, both below the FactSet consensus for EPS of 41 cents and revenue of $1.56 billion. "In the second quarter consumers faced unique economic pressures, which is why we invested in our customers through Acts of Joy such as Beat the Pump dozen pricing that matched a gallon of gas and other promotions to drive brand love," said Chief Executive Mike Tattersfield. "After the end of the second quarter, we took successful pricing actions in the U.S. and U.K. markets and we have seen a significant deceleration in key commodity costs for 2023 in recent weeks." The stock has edged up 0.2% over the past three months through Tuesday, while the S&P 500 has gained 5.3%.

-Tomi Kilgore


(END) Dow Jones Newswires

August 17, 2022 07:15 ET (11:15 GMT)

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