Earnings growth will be driven by acquisitions, operational improvement, and efficiency gains.
Considering the portfolio rationalisation taking place at GUD, it comes as no surprise the company divested Oates, the underperforming janitorial, household cleaning products, and chemicals business. As foreshadowed in our prior notes, the focus has shifted towards the core automotive division, and we believe it’s only a matter of time until Davey will be offloaded as well. We’ve shaved around 6% off our near-term EPS estimates, and we now expect earnings to grow at around 8% per year for the ne...GUD Holdings is engaged in the manufacture and importation, distribution and sale of cleaning products, household appliances, warehouse racking, industrial storage solutions, office storage products, automotive products, locking devices, pumps, pool and spa systems, and water pressure systems, with operations in Australia, New Zealand, France, Spain, China, Malaysia and Hong Kong. Co.'s reportable segments are Oates, Automotive (Ryco, Wesfil, Goss), Davey, Dexion, and Lock Focus.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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