StockSelector.com
  Research, Select, & Monitor Wednesday, November 25, 2020 5:40:39 AM ET  
Trade Ideas The Market Industries Stocks Portfolio

 
Ticker Lookup
Crown Holdings, Inc.$96.76$.991.03%

  Quote | Ranking | Chart | Valuations | Sentiment | Industry | News | Earnings | Analysts | More...

Your Target?

 Crown Holdings, Inc. Reports Fourth Quarter 2017 Results
   Wednesday, February 07, 2018 5:11:00 PM ET

Crown Holdings, Inc. (CCK ) today announced its financial results for the fourth quarter and year ended December 31, 2017.

Highlights

-- Loss per share of $0.67 for the quarter, including non-cash charge of $1.32 per share for impact of U.S. tax reform

-- Adjusted earnings per share of $0.79 for the quarter; $4.03 full year versus $3.93 in 2016

-- Full year cash flow from operations of $760 million; adjusted free cash flow of $503 million

-- Beverage can volumes grew 4.5% in quarter

-- Entered into agreement to acquire Signode Industrial Group

Net sales in the fourth quarter increased to $2,168 million compared to $1,923 million in the fourth quarter of 2016, reflecting increased global beverage and food can volumes, the pass through of higher raw material costs, and $83 million of favorable currency translation.

Income from operations was $222 million in the fourth quarter of 2017. Segment income improved to $245 million in the quarter over the $236 million in the fourth quarter of 2016, including an $11 million benefit from currency translation.

Commenting on the quarter, Timothy J. Donahue, President and Chief Executive Officer, stated, "Our solid fourth quarter and full year operating results were in line with expectations and reflect strong performances throughout the Company’s global businesses. We exceeded our adjusted free cash flow projections due to another year of excellent working capital performance. Global beverage can volumes advanced three percent for the full year with particularly robust shipments in Europe, Latin America and Southeast Asia.

"In January 2018, ahead of schedule, the new glass facility in Chihuahua, Mexico commenced operations to serve the expanding beer market in the northern part of the country. Additional growth projects completed in 2017 included the start-up of a two-line beverage can plant in Nichols, New York, the conversion of a second beverage can line in Custines, France from steel to aluminum, a beverage can capacity expansion in Colombia, the commencement of a one-line beverage can facility in Jakarta, Indonesia and the addition of a second production line to our Danang, Vietnam beverage can plant. In 2018, we expect to begin production at our new one-line beverage can plant in Yangon, Myanmar during the second quarter and our new two-line beverage can facility in Valencia, Spain during the fourth quarter. The Valencia plant will commence our conversion from steel to aluminum for beverage cans in the growing Spanish market. Additionally, we will construct a third beverage can line at our existing plant in Phnom Penh, Cambodia. These initiatives reflect that the can continues to become the increasingly preferred package of beverage marketers and consumers around the world.

"In December 2017, Crown announced that it has entered into an agreement to acquire Signode Industrial Group, a leading global provider of transit packaging systems and solutions, from The Carlyle Group for cash consideration of $3.91 billion. With this acquisition, Crown adds a portfolio of premier transit and protective packaging franchises to its existing metal packaging businesses, further broadening and diversifying our customer base and significantly increasing cash flow. Signode’s products supply critical in-transit protection to high value, high volume goods across a number of end-markets, including metals, food and beverage, corrugated, construction and agriculture, among others. Combined with its highly engineered equipment and service business, Signode’s geographic and product mix will provide a strong platform for value creation."

Interest expense was $65 million in the fourth quarter of 2017 compared to $62 million in 2016 primarily due to an increase in average borrowing rates.

During the fourth quarter of 2017, the Company recorded a tax charge of $177 million to recognize the estimated impact of the Tax Cuts and Jobs Act (the "Act"). The charge primarily includes an adjustment to write down the Company’s existing U.S. net deferred tax assets to account for a reduction in the U.S. statutory rate from 35% to 21%, and provisional adjustments principally for the estimated impact of deemed repatriation of foreign earnings. The provisional elements of the charge represent a reasonable estimate of the impact of certain requirements of the Act and will be updated as new information becomes available during the measurement period, which concludes in December 2018. The Company does not expect these charges to result in the payment of cash due to its anticipated use of existing tax attributes to offset any tax payments that would otherwise be owed.

The net loss attributable to Crown Holdings in the fourth quarter of 2017 was $89 million compared to income of $65 million in the fourth quarter of 2016. The reported loss per share was $0.67 in the fourth quarter of 2017 compared to diluted earnings per share of $0.47 in the prior year quarter. Adjusted diluted earnings per share were $0.79 compared to $0.71 in the fourth quarter of 2016.

A reconciliation from net income and diluted earnings per share to adjusted net income and adjusted diluted earnings per share is provided below.

In connection with the Signode transaction discussed above, in January of this year the Company, through its subsidiaries, issued EUR 335 million principal amount of 2.25% senior unsecured notes due 2023, and EUR 500 million principal amount of 2.875% senior unsecured notes and $875 million principal amount of 4.75% senior unsecured notes due 2026. The Company also entered into agreements with lenders for EUR 750 million and $1.25 billion of Term Loan B borrowings to be drawn at the closing of the acquisition.

On January 3, 2018, the Company issued a Worker Adjustment and Retraining Notification (WARN) announcing its intention to close the Lawrence, Massachusetts beverage can manufacturing facility. The facility consists of two production lines with a capacity of 1.6 billion 12-ounce beverage cans per year and employs approximately 100 people.

Full Year Results Net sales for the full year were $8,698 million compared to $8,284 million in 2016, primarily due to increased global beverage and food can volumes, the pass through of higher raw material costs, and $19 million of favorable currency translation.

Income from operations was $1,077 million in 2017. Segment income improved to $1,128 million over the $1,078 million in 2016, including a benefit of $5 million from currency translation.

Interest expense was $252 million in 2017 compared to $243 million in the prior year primarily due to an increase in average borrowing rates. .

Net income attributable to Crown Holdings for 2017 was $323 million compared to $496 million in 2016. Reported diluted earnings per share were $2.38 compared to $3.56 in 2016. Adjusted diluted earnings per share were $4.03 compared to $3.93 in 2016.

During 2017, the Company purchased 6.2 million shares of its common stock for $339 million.

Outlook Excluding the impact of the Signode acquisition discussed above, the Company currently expects first quarter and full year 2018 adjusted diluted earnings per share to be in the ranges of $0.75 to $0.85 per share and $4.30 to $4.50 per share, respectively. Also excluding the impact of the acquisition, the Company currently expects a full year 2018 adjusted effective tax rate of approximately 26%, cash provided by operating activities (before the impact of new accounting guidance discussed below) of approximately $925 million, and capital expenditures of approximately $425 million.

Impact of New Accounting Pronouncements in 2018 As previously disclosed in each of the Company’s filings on Form 10-Q for 2017, three recently issued accounting standards are expected to have an impact on the Company’s reporting and disclosure in 2018.

Under new guidance, only the service cost component of pension and postretirement benefit costs will be presented with other compensation costs as a deduction in arriving at income from operations. The remaining components will be reported outside income from operations as a separate line item. The expected impact of this guidance on the Company’s 2018 results will be a reduction in income from operations of approximately $67 million as compared to what would have been reported under the previous guidance, with an offsetting gain reported below income from operations and no impact on net income or earnings per share. Prior period results will be restated to reflect the new guidance.

The Company expects that new guidance related to the classification of certain cash receipts and payments associated with its receivables securitization programs will result in a change to the classification of these payments on the statement of cash flows. Specifically, the Company expects that certain cash receipts that were previously reported as cash from operating activities will now be reported as cash from investing activities. The Company intends to revise its definition of adjusted free cash flow in 2018 to include those receipts that were previously reported in operating activities and will now be reported as investing activities. The change in classification will have no impact on cash available for debt payment or other uses. Prior period cash flow statements will be restated to reflect the new guidance.

The Company expects that new revenue recognition rules will accelerate the timing of revenue recognized on certain of its products. The new rules are not expected to materially impact the amount of revenue recognized over the full year of 2018 when compared to the previous accounting guidance, but could have an impact on the amounts recognized on a quarterly basis. Upon adoption of the standard on January 1, 2018, the Company will record unbilled receivables, representing revenue that is accelerated as of that date under the new guidance, with offsets to reduce inventory and record net profit directly in equity. The new guidance will have no impact on cash flow from operations or free cash flow. Prior period results will not be restated to reflect the new guidance.

Non-GAAP Measures Segment income, adjusted free cash flow, adjusted net income, the adjusted effective tax rate, adjusted earnings per share, and the information presented excluding the impact of currency translation are not defined terms under U.S. generally accepted accounting principles (non-GAAP measures). Non-GAAP measures should not be considered in isolation or as a substitute for net income, income per diluted share, effective tax rates or cash flow data prepared in accordance with U.S. GAAP and may not be comparable to calculations of similarly titled measures by other companies.

The Company views segment income as the principal measure of the performance of its operations and adjusted free cash flow as the principal measure of its liquidity. The Company considers both of these measures in the allocation of resources. Adjusted free cash flow has certain limitations, however, including that it does not represent the residual cash flow available for discretionary expenditures since other non-discretionary expenditures, such as mandatory debt service requirements, are not deducted from the measure. The amount of mandatory versus discretionary expenditures can vary significantly between periods. The Company believes that adjusted net income, the adjusted effective tax rate, adjusted diluted earnings per share, and information excluding the impact of currency translation are useful in evaluating the Company’s operations as these measures are adjusted for items that affect comparability between periods. Reconciliations of estimated adjusted diluted earnings per share for the first quarter and full year of 2018 to estimated diluted earnings per share on a GAAP basis are not provided in this release due to the unavailability of estimates of the following, the timing and magnitude of which the Company is unable to reliably forecast without unreasonable efforts, which are excluded from estimated adjusted diluted earnings per share and could have a significant impact on earnings per share on a GAAP basis: gains or losses on the sale of businesses or other assets, restructuring costs, asset impairment charges, acquisition related costs including fair value adjustments to inventory, asbestos-related charges, losses from early extinguishment of debt, the tax impact of the items above, and the impact of tax law changes or other tax matters. The Company believes that adjusted free cash flow provides a meaningful measure of liquidity and a useful basis for assessing the Company’s ability to fund its activities, including the financing of acquisitions, debt repayments, share repurchases or possible future dividends. Segment income, adjusted free cash flow, the adjusted effective tax rate, adjusted net income, adjusted diluted earnings per share and information excluding the impact of currency translation are derived from the Company’s Consolidated Statements of Operations and Cash Flows and Consolidated Balance Sheets, as applicable, and reconciliations to segment income, adjusted free cash flow, the adjusted effective tax rate, adjusted net income, adjusted diluted earnings per share and information unadjusted for currency translation can be found within this release.

Conference Call The Company will hold a conference call tomorrow, February 8, 2018 at 9:00 a.m. (EST) to discuss this news release. Forward-looking and other material information may be discussed on the conference call. The dial-in numbers for the conference call are (630) 395-0227 or toll-free (888) 606-8412 and the access passcode is "packaging". A live webcast of the call will be made available to the public on the internet at the Company’s web site, www.crowncork.com. A replay of the conference call will be available for a one-week period ending at midnight on February 15. The telephone numbers for the replay are (203) 369-3622 or toll free (888) 566-0708.

Cautionary Note Regarding Forward-Looking Statements Except for historical information, all other information in this press release consists of forward-looking statements. These forward-looking statements involve a number of risks, uncertainties and other factors, including the future impact of currency translation; the continuation of performance trends in 2018; the Company’s ability to successfully complete and begin production at capacity expansion projects within expected timelines and budgets in Cambodia, Myanmar, and Spain; continued performance improvements at new plants and capacity expansions in Colombia, France, Indonesia, Mexico and New York; continued global beverage, food and aerosol can growth; customer and consumer preference for beverage cans; the Company’s ability to close the Signode transaction on the anticipated timeframe or at all, including whether the transaction will be approved by competition authorities in relevant jurisdictions; whether the operations of Signode can be successfully integrated in the Company’s operations; the Company’s ability to generate expected earnings and cash flow provided by operating activities in 2018 while maintaining capital expenditures at forecasted levels; the timing and amount of future adjustments, if any, to the provisional tax charges recorded as part of the Tax Cuts and Jobs Act; the cash tax impact of the Act and the impact of new accounting pronouncements on the Company’s reporting and disclosure in 2018 that may cause actual results to be materially different from those expressed or implied in the forward-looking statements. Important factors that could cause the statements made in this press release or the actual results of operations or financial condition of the Company to differ are discussed under the caption "Forward Looking Statements" in the Company’s Form 10-K Annual Report for the year ended December 31, 2016 and in subsequent filings made prior to or after the date hereof. The Company does not intend to review or revise any particular forward-looking statement in light of future events.

Crown Holdings, Inc., through its subsidiaries, is a leading supplier of packaging products to consumer marketing companies around the world. World headquarters are located in Philadelphia, Pennsylvania.

For more information, contact: Thomas A. Kelly, Senior Vice President and Chief Financial Officer, (215) 698-5341 Thomas T. Fischer, Vice President, Investor Relations and Corporate Affairs, (215) 552-3720 Ed Bisno, Bisno Communications, (212) 717-7578

Unaudited Consolidated Statements of Operations, Balance Sheets, Statements of Cash Flows, Segment Information and Supplemental Data follow.

Consolidated Statements of Operations (Unaudited)
(in millions, except share and per share data)
                                                    Three Months Ended        Year Ended
                                                    December 31,              December 31,
                                                    2017         2016         2017         2016
Net sales                                           $2,168       $1,923       $8,698       $8,284
Cost of products sold                               1,758        1,533        6,952        6,583
Depreciation and amortization                       64           59           247          247
Selling and administrative expense                  99           93           371          368
Provision for asbestos                              3            21           3            21
Restructuring and other                             22           25           48           44
Income from operations (1)                          222          192          1,077        1,021
Foreign exchange                                                 6            4            (16)
Interest expense                                    65           62           252          243
Interest income                                     (5)          (4)          (15)         (12)
Loss from early extinguishment of debt                                        7            37
Income before income taxes                          162          128          829          769
Provision for income taxes                          223          35           401          186
Net income/(loss)                                   (61)         93           428          583
Net income attributable to noncontrolling interests (28)         (28)         (105)        (87)
Net income/(loss) attributable to Crown Holdings    $(89)        $65          $323         $496
Earnings/(loss) per share attributable to Crown
Holdings common shareholders:
Basic                                               $(0.67)      $0.47        $2.39        $3.58
Diluted                                             $(0.67)      $0.47        $2.38        $3.56
Weighted average common shares outstanding:
Basic                                               133,445,697  138,783,951  135,286,296  138,527,233
Diluted                                             133,804,236  139,527,141  135,608,800  139,314,402
Actual common shares outstanding                    134,275,609  139,840,228  134,275,609  139,840,228
(1)     A reconciliation from income from operations to segment income follows.

Consolidated Supplemental Financial Data (Unaudited) (in millions)

Reconciliation from Income from Operations to Segment Income and Constant Currency Segment Income The Company views segment income, as defined below, as a principal measure of performance of its operations and for the allocation of resources. Segment income is defined by the Company as income from operations adjusted to add back provisions for asbestos and restructuring and other, and the timing impact of hedge ineffectiveness.

                                      Three Months Ended  Year Ended
                                      December 31,        December 31,
                                      2017       2016     2017       2016
Income from operations                $   222    $   192  $   1,077  $   1,021
Provision for asbestos                    3          21       3          21
Provision for restructuring and other     22         25       48         44
Impact of hedge ineffectiveness (1)       (2)        (2)                 (8)
Segment income                            245        236      1,128      1,078
Foreign currency translation (2)          (11)                (5)
Constant currency segment income      $   234    $   236  $   1,123  $   1,078
(1)      Included in cost of products sold
                                      Segment Information
                                      Three Months Ended December 31,        Year Ended December 31,
Net Sales                             2017       2017 at          2016          2017       2017 at          2016
                                      Actual     2016 rates (2)   Actual        Actual     2016 rates (2)   Actual
Americas Beverage                     $   762    $       749      $    689      $   2,928  $       2,928    $   2,757
North America Food                        165            164           148          679            679          652
European Beverage                         324            307           291          1,457          1,459        1,420
European Food                             458            417           396          1,935          1,909        1,855
Asia Pacific                              312            305           277          1,177          1,176        1,116
Total reportable segments                 2,021          1,942         1,801        8,176          8,151        7,800
Non-reportable segments                   147            143           122          522            528          484
Total net sales                       $   2,168  $       2,085    $    1,923    $   8,698  $       8,679    $   8,284
Segment Income
Americas Beverage                     $   129    $       128      $    127      $   474    $       475      $   456
North America Food                        10             10            12           71             71           69
European Beverage                         38             35            39           239            238          243
European Food                             37             32            32           247            244          244
Asia Pacific                              44             43            41           168            167          152
Total reportable segments                 258            248           251          1,199          1,195        1,164
Non-reportable segments                   16             15            18           68             69           70
Corporate and other unallocated items     (29)           (29)          (33)         (139)          (141)        (156)
Total segment income                  $   245    $       234      $    236      $   1,128  $       1,123    $   1,078
(2) Information presented for 2017 at 2016 rates represents financial results assuming constant foreign currency exchange rates used for translation based on the rates in effect for the comparable prior year period.  In order to compute constant currency results, the Company multiplies or divides, as appropriate, the current year U.S. dollar results by the current year average foreign exchange rates and then multiplies or divides, as appropriate, those amounts by the applicable prior year average foreign exchange rates.

Consolidated Supplemental Data (Unaudited) (in millions, except per share data)

Reconciliation from Net Income and Diluted Earnings Per Share to Adjusted Net Income and Adjusted Diluted Earnings Per Share

                                               Three Months Ended             Year Ended
                                               December 31,                   December 31,
                                               2017             2016          2017          2016
Net income/diluted earnings per share          $(89)   $(0.67)  $65    $0.47  $323   $2.38  $496   $3.56
attributable to Crown Holdings, as reported
Provision for asbestos (1)                     3       .02      21     .15    3      .02    21     .15
Restructuring and other  (2)                   22      .16      25     .18    48     .35    44     .32
Loss from early extinguishment of debt (3)                                    7      .05    37     .27
Impact of hedge ineffectiveness (4)            (2)     (.01)    (2)    (.02)                (8)    (.06)
Income taxes (5)                               172     1.29     (10)   (.07)  166    1.23   (43)   (.31)
Adjusted net income/diluted earnings per share $106    $0.79    $99    $0.71  $547   $4.03  $547   $3.93
Effective tax rate as reported                 137.7%           27.3%         48.4%         24.2%
Adjusted effective tax rate (6)                27.6%            26.2%         26.5%         26.5%
(1) In the fourth quarters of 2017 and 2016, the Company recorded charges of $3 million ($2 million net of tax) and $21 million ($13 million net of tax) to increase its reserves for asbestos related liabilities.
(2) In the fourth quarter of 2017, the Company recorded restructuring and other charges of $13 million ($11 million net of tax) primarily due to costs related to the planned closures of a U.S. beverage can facility and a promotional packaging facility in Europe.  For the full year of 2017, the Company recorded charges of $36 million ($29 million net of tax) that additionally included costs to settle a litigation matter related to Mivisa that arose prior to its acquisition by Crown in 2014. In the fourth quarter and full year of 2016, the Company recorded restructuring and other charges of $8 million ($7 million net of tax) and $30 million ($24 million net of tax) including pension settlement charges.
    In the fourth quarter and full year of 2017, the Company recorded charges of $9 million ($7 million net of tax) and $12 million ($11 million net of tax) for asset sales and impairments primarily due to the closure of a beverage can plant in China and planned closures of a U.S. beverage can plant in the U.S. and a promotional packaging facility in Europe.  In the fourth quarter and full year of 2016, the Company recorded charges of $17 million ($13 million net of tax) and $14 million ($12 million net of tax).
(3) In the second quarter of 2017, the Company recorded a charge of $7 million ($5 million net of tax) for the write off of deferred financing fees in connection with the refinancing of its term loan and revolving credit facilities.  In the first quarter of 2016, the Company recorded a charge of $27 million ($17 million net of tax) for premiums paid and the write off of deferred financing fees in connection with the redemption of its $700 million notes due 2021.  In the third quarter of 2016, the Company recorded a charge of $10 million ($7 million net of tax) for the write off of deferred financing fees in connection with the early repayment of a portion of its Term Loan A borrowings.
(4) In the fourth quarter of 2017, the Company recorded a benefit of $2 million ($2 million net of tax) in cost of products sold related to the timing impact of hedge ineffectiveness caused primarily by volatility in the metal premium component of aluminum prices.  There was no impact for the full year of 2017.  In the fourth quarter and full year of 2016, the Company recorded benefits of $2 million ($1 million net of tax) and $8 million ($6 million net of tax).
(5) In the fourth quarter and full year of 2017, the Company recorded income tax benefits of $5 million and $11 million related to the items described above.  Also in the fourth quarter of 2017, the Company recorded a charge of $177 million to recognize the impact of the "Tax Cut and Jobs Act". In the fourth quarter and full year of 2016, the Company recorded income tax benefits of $12 million and $27 million related to the items described above.  Also in the fourth quarter of 2016, the Company recorded charges of $2 million due to tax law changes in France.  In the third quarter of 2016, the Company recorded charges of $13 million in connection with tax contingencies related to the Mivisa acquisition and a corporate restructuring, and benefits of $31 million to reverse tax valuation allowances in Canada.
(6) Income tax effects on adjusted net income were calculated using the applicable tax rates of the underlying jurisdictions.
Consolidated Balance Sheets (Condensed & Unaudited)
(in millions)
December 31,                                 2017            2016
Assets
Current assets
Cash and cash equivalents                          $ 424           $ 559
Receivables, net                                     1,041           865
Inventories                                          1,385           1,245
Prepaid expenses and other current assets            224             172
Total current assets                                 3,074           2,841
Goodwill and intangible assets                       3,518           3,263
Property, plant and equipment, net                   3,239           2,820
Other non-current assets                             832             675
Total                                              $ 10,663        $ 9,599
Liabilities and equity
Current liabilities
Short-term debt                                    $ 62            $ 33
Current maturities of long-term debt                 64              161
Accounts payable and accrued liabilities             3,124           2,702
Total current liabilities                            3,250           2,896
Long-term debt, excluding current maturities         5,217           4,717
Other non-current liabilities                        1,273           1,318
Noncontrolling interests                             322             302
Crown Holdings shareholders’ equity                  601             366
Total equity                                         923             668
Total                                              $ 10,663        $ 9,599
Consolidated Statements of Cash Flows (Condensed & Unaudited)
(in millions)
Year ended December 31,                                      2017               2016
Cash flows from operating activities
Net income                                                   $       428        $       583
Depreciation and amortization                                        247                247
Provision for restructuring and other                                48                 44
Pension expense                                                      16                 28
Pension contributions                                                (296)              (103)
Stock-based compensation                                             23                 20
Income taxes                                                         247                16
Working capital changes and other                                    47                 95
Net cash provided by operating activities (1)                        760                930
Cash flows from investing activities
Capital expenditures                                                 (498)              (473)
Other                                                                (11)               31
Net cash used for investing activities                               (509)              (442)
Cash flows from financing activities
Net change in debt                                                   12                 (566)
Dividends paid to noncontrolling interests                           (93)               (80)
Common stock repurchased                                             (339)              (8)
Debt issue costs                                                     (16)               (18)
Other, net                                                           36                 56
Net cash used for financing activities                               (400)              (616)
Effect of exchange rate changes on cash and cash equivalents         14                 (30)
Net change in cash and cash equivalents                              (135)              (158)
Cash and cash equivalents at January 1                               559                717
Cash and cash equivalents at December 31                     $       424        $       559
(1) Adjusted free cash flow is defined by the Company as net cash from operating activities less capital expenditures and certain other items.  A reconciliation from net cash from operating activities to adjusted free cash flow for the three and twelve months ended December 31, 2017 and 2016 follows:
                                   Three Months Ended  Year Ended
                                   December 31,        December 31,
                                   2017    2016        2017   2016
Net cash from operating activities $272    $554        $760   $930
Capital expenditures               (216)   (229)       (498)  (473)
Free cash flow                     56      325         262    457)
Pension prefunding (2)             241                 241
Premiums paid to retire debt early                            22
Adjusted free cash flow            $297    $325        $503   $479
(2) Net cash from operating activities for the three and twelve months ended December 31, 2017 includes the impact of a voluntary prefunding contribution to the Company’s U.K. defined benefit pension plan that will reduce future contributions that would otherwise be made.

https://c212.net/c/img/favicon.png?sn=PH08820&sd=2018-02-07

View original content:http://www.prnewswire.com/news-releases/crown-holdings-inc-reports-fourth-quarter-2017-results-300595417.html

SOURCE Crown Holdings, Inc.

https://rt.prnewswire.com/rt.gif?NewsItemId=PH08820&Transmission_Id=201802071711PR_NEWS_USPR_____PH08820&DateId=20180207



Register |  Password |  Feedback |  Copyright |  Usage Agreement |  Privacy Policy |  Advertising |  About Us |  Contact Us |  FAQ 

Past performance is not indicative of future results

StockSelector.com, the StockSelector.com logo, and News Selects are trademarks of StockSelector.com.
Copyright © 1998 - 2020 StockSelector.com. All rights reserved.