Key Developments: Kid Brands Inc (KID)
1.60USD
24 May 2013
$0.09 (+5.61%)
$1.51
$1.54
$1.60
$1.51
10,100
30,311
$2.33
$0.95
Latest Key Developments (Source: Significant Developments)
Kid Brands Inc Announces Appointment Of Raphael Benaroya As President And Chief Executive Officer
Kid Brands Inc announced the appointment of Raphael Benaroya as President and Chief Executive Officer (CEO), effective immediately. The Company intends to appoint a non-executive Chairman of the Board, although Mr. Benaroya will continue to serve as Chairman until his successor is appointed, and is expected to continue to serve as a Board member thereafter. Full Article
Kid Brands Inc Issues Q2 2012 Guidance Above Analysts' Estimates
Kid Brands Inc announced that for second quarter of 2012, it expects net sales and non-GAAP adjusted net income per diluted share to improve sequentially compared to net sales and non-GAAP adjusted net income per diluted share reported in first quarter of 2012. The Company reported revenue of $59.84 and EPS of $0.08 in first quarter of 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $58.14 million and EPS of $0.06 for second quarter of 2012. Full Article
Kid Brands Inc Updates FY 2011 EPS Guidance To A Range In Line With Analysts' Estimates
Kid Brands Inc announced that based on current business trends, the Company currently estimates non-GAAP adjusted net income per diluted share for fiscal 2011 will be approximately $0.40. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.41 million for fiscal 2011. Full Article
Kid Brands Inc Announces Management Change
Kid Brands, Inc. announced that its Board of Directors has appointed its Chairman of the Board, Raphael Benaroya, as Executive Chairman of the Board following the resignation of President and Chief Executive Officer Bruce G. Crain. Mr. Crain has resigned his position and membership on the Board of Directors, effective immediately. On an interim basis, Mr. Benaroya will assume all responsibilities of the Chief Executive Officer until a successor is appointed. A Search Committee of the Board of Directors has been created to oversee the process for the selection of a new Chief Executive Officer and an executive search firm has been retained to conduct the search. Full Article
Kid Brands Inc Lowers FY 2011 Guidance
Kid Brands Inc announced that for fiscal 2011, it expects net sales to be down approximately 7% to 8% compared to the prior year and that non-GAAP adjusted net income per diluted share will be in the range of $0.40 to $0.42. The Company reported revenue of $61.47 million and net profit of $3.47 in first quarter of 2010 and revenue of $275.78 million in fiscal 2010. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
