Last $43.57 USD
Change Today +0.41 / 0.95%
Volume 710.5K
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As of 2:16 PM 12/22/14 All times are local (Market data is delayed by at least 15 minutes).

tyco international ltd (TYC) Key Developments

Tyco International plc Declares Quarterly Dividend, Payable on February 18, 201

Tyco International plc has declared a quarterly dividend of $0.18 per share, payable on February 18, 2015, to shareholders of record at the close of business on January 23, 2015.

Tyco International plc Announces Appointment of Daryll T. Fogal as Chief Technology Officer

Tyco International plc announced that it has taken important steps to bolster its technology capabilities, appointing Daryll T. Fogal as Chief Technology Officer, launching its new 'Tyco On' software solutions platform, and making a strategic investment in Qolsys, a provider of innovative home automation solutions. As Tyco's Chief Technology Officer, Mr. Fogal will have global responsibility for the company's technology vision, strategy, capabilities and operations to support the development of products, services and solutions that meet the needs of customers ranging from multinational corporations to households. Most recently, he served as Chief Technology Officer and Vice President of Engineering for Eaton Corporation's Electrical Sector. Based in Princeton, N.J., Mr. Fogal will report directly to George Oliver, Tyco's Chief Executive Officer, and will serve on Tyco's Management Team. Prior to joining Tyco, Mr. Fogal was responsible for the development of the product portfolio for Eaton's $13.6 billion Electrical business. Previously, he held senior technology, R&D program management and operations positions over a 15-year career with Honeywell, including Vice President of Engineering and Technology for the company's Building Solutions business from 2003 to 2011.

Tyco International Completes Move of Global Headquarters to Ireland

Tyco International has completed moving its global headquarters to Ireland from Switzerland. The company said that its new global headquarters is located in Cork. That's the same site as its global business services center, which was announced in January.

Tyco International Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended September 26, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015

Tyco International Ltd. reported unaudited consolidated earnings results for the fourth quarter and year ended September 26, 2014. For the quarter, the company has posted net revenue was $2,704 million against $2,610 million a year ago. Operating loss was $200 million against operating profit of $235 million a year ago. Loss from continuing operations was $79 million or $0.17 diluted per share against profit from continuing operations of $132 million or $0.29 diluted per share a year ago. Net loss attributable to company was $89 million or $0.20 diluted per share against net profit attributable to company was $166 million or $0.35 diluted per share a year ago. Net cash provided by operating activities was $311 million against $334 million a year ago. Capital expenditures were $78 million against $65 million a year ago. Adjusted free cash flow was $312 million against $362 million a year ago. The loss per share from continuing operations attributable to Tyco common shareholders was $0.17 and included charges of $0.73 related to special items. These charges related to legacy asbestos liabilities as well as restructuring and separation costs. Loss from continuing operations before income taxes was $219 million compared with profit of $214 million a year ago. For the year, the company has posted net revenue was $10,340 million against $10,073 million a year ago. Operating profit was $697 million against operating profit of $709 million a year ago. Profit from continuing operations was $795 million or $1.71 diluted per share against profit from continuing operations of $440 million or $0.94 diluted per share a year ago. Net profit attributable to company was $1,838 million or $3.97 diluted per share against net profit attributable to company was $536 million or $1.14 diluted per share a year ago. Net cash provided by operating activities was $831 million against $694 million a year ago. Capital expenditures were $288 million against $270 million a year ago. Adjusted free cash flow was $1,001 million against $786 million a year ago. Profit from continuing operations before income taxes was $613 million compared with $596 million a year ago. The company expects the effective tax rate for the first quarter and full year 2015 to be in the range of 17% to 18%. Based on the current exchange rates, the company expects total revenue of approximately $10.5 billion. This includes a $255 million headwind related to changes in foreign currency exchange rates. The company expects organic revenue growth to accelerate to approximately 4% from the 2.6% growth saw this past year. EPS before special items to be in the range of $2.35 to $2.45. Adjusting for the $0.07 foreign currency headwind that it expects in 2015 based on current rates, this would represent a 3-year EPS CAGR of 15% to 16% off the original 2012 base of $1.60. Looking ahead to fiscal 2015, it expects corporate expense to be approximately $225 million. In line with prior years, it expects corporate expense to be a little higher in the second half of the year compared to the first half. Overall, the company expects revenue in the first quarter to approach $2.5 billion, with organic revenue growth of approximately 2%. The company expects earnings per share from continuing operations before special items in the first quarter to be in the range of $0.47 to $0.49 based off a weighted average share count of approximately 427 million shares. This represents a 12% to 17% increase in earnings per share compared to the first quarter of 2014.

Tyco International Ltd. to Report Q4, 2014 Results on Nov 13, 2014

Tyco International Ltd. announced that they will report Q4, 2014 results at 9:00 AM, Eastern Standard Time on Nov 13, 2014

 

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TYC

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Valuation TYC Industry Range
Price/Earnings 25.2x
Price/Sales 1.8x
Price/Book 4.0x
Price/Cash Flow 9.8x
TEV/Sales 1.5x
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