Last $53.10 USD
Change Today +0.45 / 0.85%
Volume 95.2K
CORE On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

core-mark holding co inc (CORE) Snapshot

Open
$52.52
Previous Close
$52.65
Day High
$53.29
Day Low
$52.23
52 Week High
09/11/14 - $53.40
52 Week Low
10/8/13 - $31.73
Market Cap
1.2B
Average Volume 10 Days
117.7K
EPS TTM
$1.85
Shares Outstanding
23.1M
EX-Date
08/20/14
P/E TM
28.8x
Dividend
$0.44
Dividend Yield
0.83%
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. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Year 2014

Core-Mark Holding Company, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported that net sales were $2,623.2 million compared to $2,509.9 million a year ago. Income from operations was $20.5 million compared to $20.6 million a year ago. Income before income taxes was $19.9 million compared to $19.8 million a year ago. Net income was $12.0 million or $0.52 per diluted share compared to $11.7 million or $0.51 per diluted share a year ago. Adjusted diluted EPS was $0.55 compared to $0.51 a year ago. Adjusted EBITDA was $34.2 million compared to $32.5 million a year ago. Net sales increased 5.3%. Sales growth was due primarily to market share gains and the execution of core strategies. Non-cigarette sales grew 5.6%, or 6.4% excluding foreign currency fluctuations. This growth was driven primarily by sales in Food category which increased 8.5% compared with the second quarter last year. Cigarette sales grew 4.0% driven largely by market share gains. For the six months, the company reported that net sales were $4,924.1 million compared to $4,655.6 million a year ago. Income from operations was $25.1 million compared to $25.7 million a year ago. Income before income taxes was $23.9 million compared to $23.9 million a year ago. Net income was $14.4 million or $0.62 per diluted share compared to $14.3 million or $0.62 per diluted share a year ago. Net cash provided by operating activities was $67.0 million compared to $35.8 million a year ago. Additions to property and equipment net were $14.8 million compared to $6.7 million a year ago. Adjusted diluted EPS was $0.70 compared to $0.68 a year ago. Adjusted EBITDA was $50.1 million compared to $48.4 million a year ago. Net sales increased 6.7%. Sales growth was due primarily to market share gains and the execution of core strategies. Non-cigarette sales grew 7.8%, while cigarette sales increased 4.8%. For the year 2014, the company expects 2014 annual net sales to reach the lower end of original guidance of $10.4 billion to $10.7 billion. Adjusted EBITDA is now expected to be between $118 million and $122 million compared to previous guidance of $116 million to $120 million. Diluted earnings per-share for the full year, are now expected to be between $1.73 and $1.81 compared to previous guidance of $1.75 to $1.82 adjusted for the stock split. This includes an increase in LIFO expense from $13 million to approximately $15 million. Diluted per-share estimates, excluding LIFO expense, are now between $2.12 and $2.20 compared to prior guidance of $2.07 and $2.15 adjusted for the stock split. Revised EPS estimates assume a 39% tax rate and 23.3 million fully diluted shares outstanding after the recent two for one stock split. The company also previously increased its 2014 forecast for capital expenditures which are now expected to be approximately $50 million related to the new distribution center in Ohio, expansion projects and maintenance investments. The company increased depreciation and amortization estimates between $0.6 million and $0.8 million related to expansion activities and market share gains. The company expects 39% tax rate. The company is also decreasing free cash flow forecast from the previous $55 million to $60 million to $35 million to $40 million for the year, or on a per share basis, free cash flow is now expected to be between $1.50 to $1.70 compared to $2.35 to $2.55 previously.

Core-Mark Holding Company, Inc. Declares Quarterly Cash Dividend, Payable on September 15, 2014

Core-Mark Holding Company, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.11 per common share. The dividend is payable on September 15, 2014 to shareholders of record as of the close of business on August 22, 2014.

Core-Mark Holding Company, Inc. to Report Q2, 2014 Results on Aug 07, 2014

Core-Mark Holding Company, Inc. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Aug 07, 2014

 

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Industry Analysis

CORE

Industry Average

Valuation CORE Industry Range
Price/Earnings 29.3x
Price/Sales 0.2x
Price/Book 2.7x
Price/Cash Flow 27.4x
TEV/Sales 0.1x
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