Key Developments: Beam Inc (BEAM.K)
63.86USD
19 Jun 2013
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Latest Key Developments (Source: Significant Developments)
Moody's Lifts Beam Inc Outlook To Positive On Performance, Lower Leverage-DJ
Dow Jones reported that Moody's Investors Service raised its ratings outlook for Beam Inc. to positive from stable as it expects the whisky company's operating performance will remain and leverage will decrease. Moody's Investors Service raised its ratings outlook for Beam Inc. (BEAM) to positive from stable as it expects the whisky company's operating performance will remain and leverage will decrease. Full Article
Beam Inc Reaffirms FY 2013 EPS Guidance
Beam Inc reaffirmed target to deliver high single digit growth in diluted earnings per share (EPS) before charges/gains for fiscal 2013. The Company reported EPS of $2.40 in fiscal 2012. Full Article
Beam Inc Declares Regular Dividend
Beam Inc announced that it has declared a regular dividend of 22.5 cents per share on the Common Stock, payable in cash on June 3, 2013, to stockholders of record at the close of business May 8, 2013. Full Article
Beam Inc Issues FY 2013 EPS Guidance Below Analysts' Estimates-Conference Call
Beam Inc announced that for fiscal 2013, it is targeting diluted earnings per share (EPS) before charges gains at a high-single-digit rate against its fiscal 2012 base of $2.40 per share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $2.64 for fiscal 2013. Full Article
Beam Inc Declares Regular Dividend
Beam Inc announced that the Board of Directors approved a 10% increase in the indicated annual dividend rate on the Company's common stock. The dividend will increase 8 cents per share to an annual rate of $0.90 (payable 22.5 cents per quarter) from $0.82 per share (20.5 cents per quarter). The Company also declared a regular dividend for the first quarter of 22.5 cents per share, which will be payable on March 1, 2013 to shareholders of record at the close of business on February 6, 2013. Full Article
Beam Inc To Sell Select Brands To Luxco-DJ
Dow Jones reported that Beam Inc announced a definitive agreement for Beam to sell a collection of brands, including related inventory, to Luxco. The brands included in the transaction are Wolfschmidt vodka, Calvert (Lord Calvert Canadian, Calvert Extra, and gin), Bellows (blended whiskey, Bourbon, gin, rum, Scotch and vodka), Dark Eyes vodka, Canada House Canadian, and Tempo Triple Sec. The brands, distributed in North America, generated 2012 revenues of approximately $30 million (excluding excise taxes) and volumes of approximately 1.8 million cases. The purchase price is approximately $65 million. The transaction is subject to customary closing conditions and is expected to be completed by the end of January. As part of the transaction, Beam will continue to produce and bottle the brands through at least January 2014. Beam expects the transaction to be neutral to EPS in 2013. Full Article
Beam Inc Reaffirms FY 2012 EPS Guidance
Beam Inc announced that it is reaffirming diluted EPS before charges/gains to grow at a low-double-digit rate for the fiscal 2012. The Company reported EPS of $2.12 in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $2.39 for fiscal 2012. Full Article
Beam Inc Declares Regular Dividend
Beam Inc announced that it has declared a regular dividend of $0.205 per share on the Common Stock, payable in cash on December 3, 2012, to stockholders of record at the close of business November 7, 2012. Full Article
Beam Inc Raises FY 2012 EPS Guidance
Beam Inc announced that it expect the underlying strength of its core business, augmented by its acquisitions, will deliver continued marketplace outperformance. As a result, the Company is raising its 2012 earnings target. The Company is now targeting diluted earnings per share (EPS) before charges/gains to grow at a low-double-digit rate, up from its previous target range of high-single digits. The Company reported EPS of $2.12 in fiscal 2012. Full Article
Beam Inc Declares Regular Dividend
Beam Inc announced that it has declared a regular dividend of $0.205 per share on the Common Stock, payable in cash on September 4, 2012, to stockholders of record at the close of business August 8, 2012. Full Article
UPDATE 1-Maker's Mark mistake fuels big Beam profit
May 2 - A public relations disaster pumped up Beam Inc's first-quarter profit.
Earnings vs. 
Estimates
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