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4-Traders Homepage  >  Equities  >  Nyse  >  Under Armour Inc    UAA

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More Corporate Executives Quit Trump Advisory Council

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08/15/2017 | 09:13pm CEST
By Michelle Ma 

One more member of President Donald Trump's manufacturing advisory council said Tuesday he would resign, while the leader of Wal-Mart Stores Inc. criticized the president for his initial response to the weekend violence in Charlottesville, Va.

Scott Paul, the president of the Alliance for American Manufacturing, a nonprofit group formed by manufacturers and the United Steelworkers union, said he was resigning.

Mr. Paul said he was quitting the council "because it's the right thing for me to do."

U.S. Steel said former CEO Mario Longhi had resigned but refused to comment further.

The men joined other corporate chiefs who have left he council in apparent protest of the president's failure to quickly condemn the white supremacists who engaged in who engaged in violence over the weekend in Charlottesville. On Monday, Mr. Trump denounced the hate groups.

The others CEOs who stepped down were heads of Merck & Co., Intel Corp. and Under Armour Inc. They drew attacks from Mr. Trump, who indicated he had other executives with whom he could fill the slots.

"For every CEO that drops out of the Manufacturing Council, I have many to take their place. Grandstanders should not have gone on," Mr. Trump tweeted late Tuesday morning.

Wal-Mart chief Doug McMillon, who is on another White House advisory council, criticized Mr. Trump's for how he responded to last weekend's violence in Charlottesville, but said, "we believe we should stay engaged."

"As we watched the events and the response from President Trump over the weekend," Mr. McMillon wrote in a statement, "we too felt that he missed a critical opportunity to help bring our country together by unequivocally rejecting the appalling actions of white supremacists.

Alex Gorsky, the head of Johnson & Johnson, who also said he would remain on the advisory council, said he respected other chief executives' decisions to leave it, but he decided to remain engaged "not as a way to support any specific political agenda" but to advocate for the company's positions when public policy is discussed.

"Ours is an important voice on healthcare, one that global leaders at every level, in and out of government, need to hear," Mr. Gorsky said in a statement Tuesday. "We must engage if we hope to change the world and those who lead it."

Corrections & Amplifications

This item was corrected at 11:29 a.m. ET on Wed., Aug. 16, 2017 to clarify that former U.S. Steel CEO Mario Longhi's membership in President Donald Trump's manufacturing advisory council ended when he resigned from the company in June, not Tuesday.

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Financials ($)
Sales 2017 5 249 M
EBIT 2017 282 M
Net income 2017 159 M
Debt 2017 670 M
Yield 2017 0,01%
P/E ratio 2017 48,12
P/E ratio 2018 37,60
EV / Sales 2017 1,50x
EV / Sales 2018 1,36x
Capitalization 7 222 M
Chart UNDER ARMOUR INC
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Under Armour Inc Technical Analysis Chart | UAA | US9043111072 | 4-Traders
Technical analysis trends UNDER ARMOUR INC
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 32
Average target price 20,1 $
Spread / Average Target 18%
EPS Revisions
Managers
NameTitle
Kevin A. Plank Chairman & Chief Executive Officer
Patrik Frisk President & Chief Operating Officer
David E. Bergman Chief Financial & Accounting Officer
Paul Fipps Chief Technology Officer
Douglas E. Coltharp Independent Director
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