Last $95.42 USD
Change Today +3.15 / 3.41%
Volume 3.6M
MJN On Other Exchanges
New York
As of 8:04 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

mead johnson nutrition co (MJN) Key Developments

Mead Johnson Nutrition Company to Report Q2, 2014 Results on Jul 22, 2014

Mead Johnson Nutrition Company announced that they will report Q2, 2014 results at 8:00 AM, Central Standard Time on Jul 22, 2014

Mead Johnson Nutrition Company, Q2 2014 Earnings Call, Jul 22, 2014

Mead Johnson Nutrition Company, Q2 2014 Earnings Call, Jul 22, 2014

Mead Johnson Nutrition Company and Mead Johnson & Company, LLC Enter into Five Year Revolving Credit Facility Agreement

On June 27, 2014, Mead Johnson Nutrition Company (company), Mead Johnson & Company, LLC (MJ&C), a wholly owned subsidiary of the company, and various other subsidiaries of the company party thereto from time to time, entered into amendment no. 1 to the five year revolving credit facility agreement dated as of June 17, 2011 among the Company, MJ&C, various subsidiaries of the company parties thereto from time to time, various financial institutions and JPMorgan Chase Bank, N.A., as administrative agent. The first amendment provided for, among other things, an increase in the aggregate amount available for borrowing from $500 million to $750 million (which amount may be increased from time to time up to $1 billion at the request of the company, subject to obtaining additional commitments and other customary conditions), the addition of certain financial institutions as lenders and the extension of the maturity date from June 2016 to June 2019.

Mead Johnson Nutrition Company Provides Earnings Guidance for the Full Year of 2014

Mead Johnson Nutrition Company provided earnings guidance for the full year of 2014. Non-GAAP earnings are expected to be in the range of $3.60 to $3.72 per share. Operating expenses should be between 38% and 38.5%.

Mead Johnson Considers Acquisitions

Mead Johnson Nutrition Company (NYSE:MJN) will Consider acquisitions. Pete Leemputte, Executive Vice President and Chief Financial Officer of Mead Johnson said, "But the highest priority use of our free cash flow, looking forward, is to pursue growth through acquisitions within our core business.”


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