WASHINGTON (MarketWatch) � Among the stocks that could see active trade in Wednesday�s session are Georgia Gulf Corp., Carlyle Group LP and Green Mountain Coffee Roasters Inc.
Blue chip Kraft Foods Inc. KFT �stands out among companies on deck to report earnings, but it hardly stops there. Notables on Thursday�s calendar also include General Motors Co. GM , Lear Corp. LEA , Mettler-Toledo International Inc. MTD , Sara Lee Corp. , Dole Food Co. DOLE , Hain Celestial Group Inc. HAIN , Beam Inc. BEAM , Harris Teeter Supermarkets Inc. HTSI �, MGM Resorts International MGM , Hyatt Hotels Corp. H , Viacom Inc. VIAB �VIA , Scripps Networks Interactive Inc. SNI , LinkedIn Corp. LNKD , American International Group Inc. AIG , Navigators Group Inc. NAVG , Teradata Corp. TDC , Cardinal Health Inc. CAH , Apache Corp. APA �and Fluor Corp. FLR , among others.
In what will rank as the largest initial public offering so far in 2012, Carlyle Group CG �priced the sale of 30.5 million common units at $22 each, with trading scheduled to begin Thursday on Nasdaq. The private-equity firm, which had about $147 billion of assets under management in 89 active funds and 52 fund-of-fund vehicles at the end of 2011, has given underwriters a 30-day option to buy up to an additional 15% of the units if investor demand warrants. Net proceeds will be used to pay down debt and for general corporate purposes, Carlyle said. The $22-a-unit pricing on the IPO reportedly came in below the company�s expected range of $23 to $25.
/quotes/zigman/54683/quotes/nls/gmcr GMCR 24.50, +0.97, +4.12%
Also late Wednesday, Green Mountain Coffee Roasters GMCR �cut its profit and revenue outlook for fiscal 2012 following disappointing financial results for the company�s second quarter ended March 24. Quarterly sales increased 37% to $885.1 million, but this came in well shy of the consensus analyst forecast of $972 million as compiled by FactSet Research. Second-quarter profit reached $93 million, or 58 cents a share, up from $65.4 million, or 44 cents, earned in the year-earlier period. �After several quarters of robust adoption, we now expect a more moderated growth trajectory going forward for both Keurig brewer and K-Cup pack sales,� said Larry Blanford, chief executive of the Waterbury, Vt.-based company, in a statement. Read more about Green Mountain Coffee.
/quotes/zigman/76220/quotes/nls/newp NEWP 11.96, -0.30, -2.45%
Newport Corp. NEWP �warned it expects to experience a hiccup in its growth prospects for 2012. Sales and earnings on an adjusted basis for the second quarter are forecast to be �similar to the levels� generated during the first three months of the year, the Irvine, Calif.-based company said as it reported first-quarter results late Wednesday. The supplier of advanced technology products also projected that sales would increase by about 7% to 12% during the latter half of 2012 over first-half levels, which would put full-year sales in a range of $650 million to $665 million. For the first quarter, Newport posted net income of $6.6 million, or 17 cents a share, with earnings on an adjusted basis pegged at $12.1 million, or 31 a share, as sales rose 22% from the prior year to $157.2 million. New orders of $186.1 million for the March quarter represented a company record, as a result of Newport�s recent acquisitions.
/quotes/zigman/79810/quotes/nls/cnqr CNQR 66.28, -2.09, -3.06%
Along with reporting results for the second quarter ended March 31, Concur Technologies Inc. CNQR �raised its target for revenue growth in fiscal 2012. As revised, the Redmond, Wash.-based provider of travel and expense-management services said it now projects generating top-line growth of about 26% over fiscal 2011. Revenue of $108.4 million in the second quarter climbed 28% from the year-ago period. �Our results were exceptionally strong in the second quarter of fiscal 2012. We beat our expectations across all key metrics and are raising our full-year business outlook for revenue, operating margin, earnings and cash flow,� said Steve Singh, chairman and CEO, in a statement.
/quotes/zigman/169272/quotes/nls/tgi TGI 57.35, -0.04, -0.07%
Along with reporting results for the fourth quarter and fiscal year ended March 31, Triumph Group Inc. TGI �issued financial targets for fiscal 2013. On an adjusted basis, earnings from continuing operations are projected by the Berwyn, Pa.-based company at $5.45 to $5.55 a share, on sales of $3.5 billion to $3.7 billion. Also on an adjusted basis, Triumph Group�s income from continuing operations for fiscal 2012 came to $259.7 million, or $5.01 a share, as sales totaled $3.4 billion.
The board of ManpowerGroup MAN �approved a 8% increase in the company�s semi-annual dividend, to 43 cents a share. The new dividend�s payable June 15 to stockholders of record as of June 1, the Milwaukee-based company said.
PMC-Sierra Inc. PMCS said it�s entered into a deal with Goldman Sachs & Co. to accelerate stock repurchases. The agreement covers $160 million of common stock, which Sunnyvale, Calif.-based PMC-Sierra will acquire as part of a $275 million buyback program announced in mid-March. Terms call for PMC-Sierra to pay Goldman Sachs $160 million May 8 and in turn receive delivery of a majority of the shares on the same date. The rest will be repurchased by next January or sooner. The actual number of shares repurchased will be determined at the completion of the accelerated buyback program, PMC-Sierra said.
The board Atmel Corp. ATML �approved the authorization of another $200 million to be used for the San Jose, Calif.-based company�s stock-buyback program. Most of the wireless components manufacturer�s previously authorized $500 million program has been used up, with Atmel noting that some 49.9 million common shares have been repurchased at an average price of $9.80.
The board of Validus Holdings Ltd. VR �approved a plan to buy back up to $200 million in common stock under a modified Dutch auction format. A tender offer will be conducted under which Validus stockholders may tender all or a portion of their common shares at a price of not less than $30.50 and not more than $33.50, in increments of 25 cents a share. Alternatively, they can tender without specifying a price, in which case stock would be bought at the purchase price as determined in accordance with the tender offer, the Bermuda-based provider of reinsurance and insurance services said.
Wednesday earnings recap/quotes/zigman/560408/quotes/nls/ggc GGC 27.10, +0.14, +0.52%
Georgia Gulf GGC �reported results that its CEO said were the best on an an operating basis for a first quarter in the past six years: net earnings of $35.3 million, or $1.01 a diluted share, on sales of $859.9 million. These compare to $12.1 million, or 35 cents a share, earned on sales of $787.9 million that the Atlanta-based company generated in the first three months of 2011. �Looking at the remainder of 2012 and slightly beyond, we are cautiously optimistic that the North American housing market has started to recover after record-low levels the past few years,� said Paul Carrico, Georgia Gulf�s president and CEO, in a statement. �We also expect that the cost advantage of domestic natural gas and growing global demand should provide solid support for attractive operating rates in the vinyl industry, especially for housing and water infrastructure applications.�
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