Research Desk Line-up: Quintiles IMS Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 14, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on VWR Corp. (NASDAQ: VWR), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=VWR, following the Company's reporting of its financial results on July 31, 2017, for the second quarter fiscal 2017. The Company's EBITDA margin increased 110 basis points and exceeded revenue and earnings expectations. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Medical Laboratories & Research industry. Pro-TD has currently selected Quintiles IMS Holdings, Inc. (NYSE: Q) for due-diligence and potential coverage as the Company reported on August 03, 2017, its financial results for Q2 2017 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Quintiles IMS when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on VWR; also brushing on Q. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=VWR

http://protraderdaily.com/optin/?symbol=Q

Earnings Reviewed

For three months ended June 30, 2017, VWR's revenue increased 2.2% on a y-o-y basis to $1.18 billion from $1.15 billion in Q2 FY16. Revenue increased 2.3% on an organic basis. The Company's revenue surpassed analysts' expectations of $1.15 billion.

During Q2 FY17, the Company's gross profit increased 2.2% to $330.5 million from $323.4 million in the same quarter last year. For the reported quarter, VWR's selling, general, and administrative expenses (SG&A) increased 4.6% to $249.8 million from $238.8 million in Q2 FY16.

During Q2 FY17, the VWR's adjusted EBITDA increased 12.8% to $135.3 million from $120.0 million in Q2 FY16. For the reported quarter, the Company's adjusted EBITDA margin increased 110 basis points to 11.5% of revenue from 10.4% of revenue in Q2 FY16.

For the reported quarter, the Company's operating income decreased 4.6% to $80.7 million from $84.6 million in Q2 FY16. During Q2 FY17, the VWR's adjusted operating income increased 11.2% to $118.2 million from $106.3 million in Q2 FY16.

During Q2 FY17, VWR's net income decreased 11.5% to $37 million on a y-o-y basis from $41.8 million in Q2 FY16. For the reported quarter, the Company's adjusted net income increased 16.1% to $64.9 million on a y-o-y basis from $55.9 million in the same quarter last year. During Q2 FY17, VWR's diluted EPS decreased 12.5% to $0.28 on a y-o-y basis from $0.32 in Q2 FY16. For the reported quarter, the Company's adjusted diluted EPS increased 16.7% to $0.49 on a y-o-y basis from $0.42 in Q2 FY16. The adjusted diluted EPS surpassed analysts' expectations of $0.44.

VWR's Segment Details

Americas - During Q2 FY17, Americas segment's revenue increased 4.5% to $726.4 million from $694.9 million in Q2 FY16. Revenue increased 2.7% on an organic basis due to strong sales of equipment and instrumentation. For the reported quarter, the segment's operating income decreased 3.2% to $42.2 from $43.6 in Q2 FY16. The segment's adjusted operating income increased 21.2% to $70.8 million in Q2 FY17 from $58.4 million in Q2 FY16.

Europe, the Middle-East, and Africa (EMEA) ? Asia/Pacific (APAC) - During Q2 FY17, EMEA-APAC segment's revenue decreased 1.3% to $448.9 million from $454.6 million in Q2 FY16. Revenue increased 2.3% on an organic basis. For the reported quarter, the Company's operating income decreased 6.1% to $38.5 from $41.0 in Q2 FY16. VWR's adjusted operating income decreased 1% to $47.4 million in Q2 FY17 from $47.9 million in Q2 FY16.

Balance Sheet

As on June 30, 2017, VWR's cash and cash equivalents decreased 62 basis points to $112.2 million from $112.9 million in Q2 FY16. For the reported quarter, VWR's cash provided by operating activities decreased 73.6% to $20.5 million from $77.6 million in Q2 FY16.

During Q2 FY17, the Company's capital expenditures were $12.7 million compared to $15.5 million in Q2 FY16. VWR's free cash flow decreased 87.4% to $7.8 million in Q2 FY17 from $62.1 million in Q2 FY16. For Q2 FY17, VWR's net debt increased 11% to $2.12 billion from $1.91 billion in Q2 FY16.

Acquisition Update

On May 05, 2017, VWR announced that it entered into a definitive agreement with Avantor, under which the latter will acquire VWR for $33.25 per share in cash. In light of the agreement, VWR did not provide financial guidance and also did not hold an investor conference call following its Q2 FY17 financial release. The Company stated that pending completion of the European Commission review it anticipates the deal to close in Q4 FY17.

Stock Performance

On Friday, August 11, 2017, the stock closed the trading session at $32.99, marginally falling 0.03% from its previous closing price of $33.00. A total volume of 1.33 million shares have exchanged hands, which was higher than the 3-month average volume of 831.86 thousand shares. VWR Corp.'s stock price surged 24.44% in the past six months and 11.53% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have soared 31.80%. The stock is trading at a PE ratio of 30.46. At Friday's closing price, the stock's net capitalization stands at $4.35 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily