ugi corp (UGI:New York Consolidated)
ugi corp (UGI) Key Developments
UGI Corporation announced revised earnings results for the second quarter ended March 31, 2013. The company reported net income attributable to the company of $171.9 million, or $1.49 per diluted share, for the second quarter of fiscal 2013 ended March 31, 2013, compared to $133.4 million, or $1.18 per diluted share, for the prior-year period. The increase in net income attributable to UGI was the result of substantially improved performance across all of UGI’s business units given the return to more normal winter weather. Results for the current-year period were revised to include the impact of a $1.5 million reduction in net income (approximately $0.02 per diluted share) related to the correction of AmeriGas’s method of accounting for certain customer credits.
On 05/10/2013, UGI Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
UGI Corporation Presents at Citi's Global Energy and Utilities Conference, May-15-2013 03:35 PM. Venue: Hyatt Regency, One Avenue De Lafayette, Boston, Massachusetts, United States.
Directors of UGI Corporation approved an increase in the quarterly dividend of 4.6% to $0.2825 a share on the company's common stock. The dividend is payable July 1, 2013 to shareholders of record as of June 14, 2013.
UGI Corporation reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2013. For the quarter, the company reported total revenues of $2,545.8 million against $2,427.5 million for the same period last year. Total operating income was $494.9 million against $380.8 million for the same period last year. Income before income taxes was $434.9 million against $302.1 million for the same period last year. Net income attributable to the company was $173.4 million or $1.51 per diluted share against $133.4 million or $1.18 per diluted share for the same period last year. The $40.0 million increase in net income attributable to UGI was the result of substantially improved performance across all of UGI's business units given the return to more normal winter weather For the six months, the company reported total revenues of $4,569.0 million against $4,116.3 million for the same period last year. Total operating income was $791.0 million against $569.1 million for the same period last year. Income before income taxes was $670.7 million against $454.3 million for the same period last year. Net income attributable to the company was $276.0 million or $2.40 per diluted share against $220.4 million or $1.95 per diluted share for the same period last year. Based upon results to date and assessment of business conditions for the second half of fiscal 2013, the company continues to expect earnings per diluted share for fiscal 2013 within its previously-stated guidance of $2.40 to $2.50.
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Industry Analysis
UGI
Industry Average
| Valuation | UGI | Industry Range |
| Price/Earnings | 18.9x |
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| Price/Sales | 0.7x |
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| Price/Book | 1.9x |
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| Price/Cash Flow | 8.0x |
|
| TEV/Sales | NM | Not Meaningful |
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