Stericycle Inc. Reports Drop In Q2 Income

Wilbur’s Recalls Milk Chocolate Covered Blueberries

Freeport, Maine -based Wilbur’s of Maine Chocolate Confections is recalling certain milk chocolate covered blueberries as it may contain undeclared chocolate covered almonds, an allergen, the U.S. Food and Drug Administration said.

The recall involves 8 oz resealable package of milk chocolate covered blueberries. The product comes in Wilbur’s branded 8-ounce, resealable zippered pouch bag, with UPC # 81321300430 and an expiration date of April 5, 2023.

The recalled Milk Chocolate Blueberries were distributed throughout New England in retail stores, and nationwide through mail orders.

The recall was initiated after a customer discovered chocolate covered almonds in a package of milk chocolate covered blueberries. The blueberry packaging does not reveal the presence of almonds.

As per investigation, the problem was caused by a temporary breakdown in the company’s packaging process. The company has now corrected the process and has instituted additional safety checks and corrective actions.

The agency noted that people who have allergies to almonds may get serious or life-threatening allergic reaction if they consume these products.

However, the company has not received any reports of illnesses related to the recalled products to date.

Consumers with nut allergies, who have purchased 8 oz packages of milk chocolate covered blueberries, are urged to return them to the place of purchase for a full refund.

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Isuzu Motors Q1 Profit Falls

Isuzu Motors Ltd. (ISUZY.PK), a Japanese commercial vehicle and diesel engine maker, on Friday posted a decline in earnings for the first quarter.

For the three-month period to June, the Yokohama headquartered firm reported a net profit of 36.05 billion yen or 46.51 yen per share, compared with 46.42 billion yen or 60.05 yen per share a year ago.

Profit before income taxes was at 58.36 billion yen, lesser than 61.81 billion yen of previous year period.

Operating earnings were at 54.77 billion yen, compared with 59.33 billion yen, posted for the first quarter of 2022.

Selling, general and administrative expenses moved up to 74.85 billion yen, from last year’s 47.99 billion yen.

The company registered cost of sales at 558.57 billion yen as against 422.27 billion yen, reported for the first quarter of last fiscal.

Isuzu Motors registered a rise in sales to 688.20 billion yen, from last year’s 529.60 billion yen.

Looking ahead, for full-year, the vehicle maker expects a net income of 127.00 billion yen or 163.84 yen per share, with an operating income of 200.00 billion yen, on sales of 3.000 trillion yen.

For the next quarter, the firm intends to pay a dividend of 33 yen per share against last year’s dividend of 29 yen per share, with a projection for a year-end dividend of 33 yen per share, compared with last year’s 37 yen per share.

Pirelli Q2 Profit Climbs, Lifts FY22 Revenue View; Stock Up

Shares of Pirelli & C. SpA (PPAMY.PK,PPAMF.PK) were gaining around 5 percent in the early morning trading in Italy after the tire manufacturer reported higher profit in its second quarter driven by strong revenue growth; The company also lifted its fiscal 2022 forecast for revenues.

For the second quarter, net profit climbed 37.8 percent to 123.2 million euros from 89.4 million euros in the prior year.

Adjusted Ebit was 253.1 million euros, up from 208.6 million euros in the second quarter 2021, Adjusted Ebit Margin was 15.1 percent, slightly down compared with 15.8 percent a year ago, due to the reduction of inventories and hyperinflation in Turkey.

Revenues grew 26.9 percent to 1.68 billion euros. Organic revenue growth was 19.8 percent excluding forex effect of +7.1 percent. Total volumes, meanwhile, edged down 0.6 percent with High Value volume up 5.7 percent and Standard volume down 7.9 percent.

Looking ahead for fiscal 2022, the company now expects revenues between around 6.2 billion euros and 6.3 billion euros, compared to previously expected around 5.9 billion euros to 6.0 billion euros.

Volumes are still expected to grow by between 0.5 percent and 1.5 percent driven by High Value. Adjusted Ebit Margin view is confirmed at around 15 percent.

In Italy, Pirelli shares were trading at 4.46 euros, up 4.89 percent.

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Trevor Noah Rips Russia for Brittney Griner Sentence

“We all know Russia doesn’t care about what Brittney Griner did,” Noah said, calling Russia “the same country that’s breaking every human rights law on the planet.”

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By Trish Bendix

Fluor Corp. Q2 Earnings Summary

Below are the earnings highlights for Fluor Corp. (FLR):

Earnings: $66 million in Q2 vs. -$83 million in the same period last year.
EPS: $0.38 in Q2 vs. -$0.53 in the same period last year.
Excluding items, Fluor Corp. reported adjusted earnings of $22 million or $0.13 per share for the period.

Revenue: $3.30 billion in Q2 vs. $3.68 billion in the same period last year.

Full year EPS guidance: $1.15 to $1.35

Stericycle Inc. Reports Drop In Q2 Income

Stericycle Inc. (SRCL) revealed earnings for second quarter that decreased from the same period last year

The company’s earnings came in at $10.5 million, or $0.11 per share. This compares with $29.3 million, or $0.32 per share, in last year’s second quarter.

Excluding items, Stericycle Inc. reported adjusted earnings of $44.1 million or $0.48 per share for the period.

The company’s revenue for the quarter rose 1.1% to $679.8 M from $672.7 M last year.

Stericycle Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $10.5 Mln. vs. $29.3 Mln. last year.
-EPS (Q2): $0.11 vs. $0.32 last year.
-Revenue (Q2): $679.8 M vs. $672.7 M last year.