Last $62.81 USD
Change Today +0.19 / 0.30%
Volume 52.7K
CORE On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 1:36 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

core-mark holding co inc (CORE) Snapshot

Open
$63.30
Previous Close
$62.62
Day High
$64.00
Day Low
$61.79
52 Week High
12/18/14 - $64.00
52 Week Low
03/27/14 - $34.55
Market Cap
1.5B
Average Volume 10 Days
141.6K
EPS TTM
$2.69
Shares Outstanding
23.1M
EX-Date
11/25/14
P/E TM
23.4x
Dividend
$0.52
Dividend Yield
0.74%
Current Stock Chart for CORE-MARK HOLDING CO INC (CORE)

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core-mark holding co inc (CORE) Details

Core-Mark Holding Company, Inc., together with its subsidiaries, markets fresh and broad-line supply solutions to the convenience retail industry in North America. The company distributes various products, including cigarettes, other tobacco products, candies, snacks, fast food, groceries, fresh products, dairy, bread, beverages, general merchandise, and health and beauty care products, as well as offers marketing programs and technology solutions. The company provides its products to traditional convenience stores, grocery stores, drug stores, liquor stores, cigarette and tobacco shops, hotel gift shops, military exchanges, college and corporate campuses, casinos, movie theaters, hardware stores, airport concessions, and other specialty and small format stores that carry convenience products through a network of 28 distribution centers. Core-Mark Holding Company, Inc. was founded in 1888 and is headquartered in South San Francisco, California.

5,617 Employees
Last Reported Date: 09/5/14
Founded in 1888

core-mark holding co inc (CORE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $450.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $312.9K
Senior Vice President of U.S. Distribution - ...
Total Annual Compensation: $274.7K
Senior Vice President of U.S. Distribution (E...
Total Annual Compensation: $230.0K
Senior Vice President of Corporate Developmen...
Total Annual Compensation: $262.5K
Compensation as of Fiscal Year 2013.

core-mark holding co inc (CORE) Key Developments

Core-Mark Holding Company, Inc. Announces Executive Changes

Core-Mark Holding Company, Inc. announced two executive management changes following a careful review of the needs of the company. Chris Hobson, Senior Vice President of Marketing will assume the new position of Senior Vice President of Sales and Marketing. Mr. Hobson joined Core-Mark in 2000 as a General Sales Manager and has held several roles within the Company including Division President and most recently as the Company's Senior Vice President of Marketing where he has played an integral role in executing the Company's critically important Fresh and Vendor Consolidation Strategies. In his expanded role, Mr. Hobson will oversee all aspects of sales within the Company including National Accounts, Field Sales Force, Core Solutions Group, Merchandising and Sales Force Support. Scott McPherson, Senior Vice President of Corporate Development will assume the new position of Senior Vice President of Business Operations and Strategic Opportunities. Mr. McPherson joined Core-Mark in 1992 in the sales organization of the Portland distribution center, and has served in a variety of other positions for Core-Mark that include Division President and Senior Vice President US Divisions. Most recently he has served as Senior Vice President of Development, where he has led the Company's acquisitions, TRAC team (Training, Resources, Acquisitions, Conversions) and developed and overseen the Core Solutions Group, which has been critical to making retailers relevant and more profitable. Mr. McPherson will continue to lead Core-Mark's Acquisition strategy as well as the TRAC team and will assume leadership of the Company's Information Technology and Corporate Logistics Group in his redefined role. Mr. McPherson will be responsible for the oversight of teams that play an integral role in marshalling appropriate resources in the context of integrating new customers, new technology, new acquisitions and new buildings. Both organizational changes will become effective January 1, 2015.

Core-Mark Holding Seeks Acquisitions

Core-Mark Holding Company, Inc. (NasdaqGS:CORE) is looking for acquisition opportunities. Scott McPherson, Senior Vice President of Core-Mark will be responsible for the oversight of teams that play an integral role in marshalling appropriate resources in the context of integrating new customers, new technology, new acquisitions and new buildings.

Core-Mark Holding Company, Inc. Approves Cash Dividend, Payable on December 22, 2014; Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Earnings Guidance for the Year 2014

Core-Mark Holding Company, Inc. announced that its board of directors has approved a $0.13 cash dividend per common share, an increase of $0.02. The dividend is payable on December 22, 2014 to stockholders of record as of the close of business on November 28, 2014. The company reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $2,747.4 million compared to $2,620.7 million a year ago. Income from operations was $20.2 million compared to $19.5 million a year ago. Income before income taxes was $20.0 million compared to $18.9 million a year ago. Net income was $13.7 million or $0.59 per basic and diluted share compared to $12.3 million or $0.53 per diluted share a year ago. Adjusted diluted EPS was $0.51 compared to $0.57 a year ago. Adjusted EBITDA increased 22.5% to $36.5 million for the third quarter compared to $29.8 million in the third quarter of 2013. Sales growth was attributable to market share gains, the execution of core strategies and inflation in cigarette prices, offset by a modest decline in carton sales. For the nine months period, the company reported net sales of $7,671.5 million compared to $7,276.3 million a year ago. Income from operations was $45.3 million compared to $45.2 million a year ago. Income before income taxes was $43.9 million compared to $42.8 million a year ago. Net income was $28.1 million or $1.21 per diluted share compared to $26.6 million or $1.15 per diluted share a year ago. Net cash provided by operating activities was $69.5 million compared to $59.2 million a year ago. Additions to property and equipment, net were $24.1 million compared to $13.0 million a year ago. Adjusted diluted EPS was $1.23 compared to $1.28 a year ago. Adjusted EBITDA was $86.6 million for the first nine months of 2014 compared to $78.2 million in the same period of 2013. The company expects its 2014 annual net sales to approach $10.4 billion which is the lower end of management's original guidance. Net sales guidance assumes no new acquisitions. The company is reiterating its adjusted EBITDA guidance range of $118 million to $122 million for 2014. Diluted earnings per-share for the full year is being revised to adjust for an increase in LIFO expense to $18.0 million from $15.0 million due primarily to expected increases in inflation. In addition, management now estimates an income tax rate of 37.5% for the year, down from its previous estimate of 39.0%. As a result of these changes, the company now expects diluted earnings per share for the full year to be between $1.68 and $1.76. Diluted per-share estimates, excluding LIFO expense, are now between $2.17 and $2.25. Previous guidance for diluted earnings per share was $1.73 to $1.81 or, excluding LIFO expense, between $2.12 and $2.20. The company also reiterates its 2014 capital expenditures forecast of approximately $50 million. The company continues to expect between $35 million and $40 million of free cash flow for the year, which includes $50 million per capital spending.

 

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Industry Analysis

CORE

Industry Average

Valuation CORE Industry Range
Price/Earnings 33.7x
Price/Sales 0.2x
Price/Book 3.2x
Price/Cash Flow 31.6x
TEV/Sales 0.2x
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