PHG
Koninklijke Philips NVNYSE
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  • Mon, Nov. 7, 9:16 AM
    • Koninklijke Philips N.V. (NYSE:PHG) agrees to pay Masimo International SARL (NASDAQ:MASI) $300M to settle their legal spat related to the infringement of two Masimo patents covering technology used help measure blood oxygen and track pulse rates.
    • The Settlement Agreement also provides that the firms will work together to integrate Masimo's technologies into additional Philips products and to jointly develop certain other products.
    • Masimo intends to use some of the after-tax proceeds to repay borrowings under its credit revolver. Concurrently, it now expects GAAP EPS for fiscal 2016 to be $2.14, up from $2.13.
    | Mon, Nov. 7, 9:16 AM
  • Mon, Oct. 24, 6:57 AM
    • Koninklijke Philips NV (NYSE:PHG): Q3 EPS of $0.40 beats by €0.03.
    • Revenue of €5.9B (+1.0% Y/Y)
    • Shares +5.2% PM.
    • Press Release
    | Mon, Oct. 24, 6:57 AM
  • Sun, Oct. 23, 5:30 PM
  • Wed, Sep. 7, 11:08 AM
    • The China government will prohibit imports and sale of 15W to below 60W incandescent light bulb from October 1, 2016, leading to a complete end to use of such lighting products, DigiTimes reports.
    • The prohibition is expected to boost demand for LED light bulbs, sources noted. In particular, LED filament light bulbs will replace 15-30W incandescent bulbs.
    • Related tickers: (CREE +2.8%), (PHG), (RBCN +3.3%), (LEDS -1.4%), (VECO +0.3%), (AIXG +0.7%)
    | Wed, Sep. 7, 11:08 AM | 7 Comments
  • Mon, Jul. 25, 7:29 AM
    • Koninklijke Philips NV (NYSE:PHG): Q2 EPS of €0.46 beats by €0.15.
    • Revenue of €5.86B (-1.8% Y/Y) misses by €50M.
    • Press Release
    | Mon, Jul. 25, 7:29 AM
  • Sun, Jul. 24, 5:30 PM
    | Sun, Jul. 24, 5:30 PM | 3 Comments
  • Wed, Jun. 8, 10:28 AM
    • Philips (PHG -0.7%) is looking at billion-dollar-plus acquisitions in the coming months following the spinoff of its lighting business.
    • Health-care informatics, combining technology and data to manage patient health, is a target market, CEO Frans van Houten revealed in an interview.
    • A typical purchase might be similar to the company's $1.2B takeover in 2014 of smart catheter-maker Volcano Corp., he added, but said Philips may also pursue smaller deals.
    | Wed, Jun. 8, 10:28 AM | 6 Comments
  • Thu, May 26, 6:15 PM
    • Royal Philips (NYSE:PHG) says it sold shares in the IPO of its 125-year-old lighting division at the lower end of the targeted range, valuing the business at €3B ($3.36B).
    • PHG says the sale of a 25% stake in Philips Lighting at €20/share, slightly below the midpoint of the €18.50-€22.50 range announced last week, raised €750M.
    • The sale marks the end of PHG as a sprawling conglomerate that produced everything from light bulbs and television sets to medical scanners and coffee machines.
    | Thu, May 26, 6:15 PM | 5 Comments
  • Mon, May 16, 3:17 AM
    • Philips (NYSE:PHG) is seeking to raise as much as €970M ($1.1B) from the initial public offering of its lighting unit as it pushes ahead with a plan to list on Amsterdam's stock exchange after a private sale didn't result in a buyer.
    • In a statement, Philips said it would sell 37.5M shares valued at €18.50-22.50 a piece, implying a market capitalization for the division of €2.78B-3.38B.
    • Final pricing is set for May 26, with the listing commencing the following day.
    | Mon, May 16, 3:17 AM | 4 Comments
  • Tue, May 3, 2:24 AM
    • Philips (NYSE:PHG) is spinning off its lighting division, the world's largest maker of lights, selling a stake of at least 25% in the new company during the IPO, which will take place on Euronext Amsterdam.
    • CEO Frans van Houten called the move a "historic" decision for Philips, which began as a lighting company in 1891. Analysts have valued the unit as being worth roughly €5B ($5.8B).
    • Philips Lighting had operating profit of €331M ($382M) on sales of €7.47B in 2015.
    | Tue, May 3, 2:24 AM | 8 Comments
  • Mon, Apr. 25, 8:09 AM
    • Koninklijke Philips NV (NYSE:PHG): Q1 EPS of €0.03 misses by €0.09.
    • Revenue of €5.52B (+3.4% Y/Y) beats by €170M.
    | Mon, Apr. 25, 8:09 AM
  • Mon, Apr. 25, 2:44 AM
    • Philips (NYSE:PHG) is leaning towards holding an IPO of its lighting unit - its original line of business - rather than selling the operations, the company said as it disclosed a better-than-expected rise in overall Q1 profits.
    • Adjusted earnings before interest, taxes and amortization climbed 14% to €374M ($420M), topping consensus of €362M.
    • Comparable sales grew 5% to €5.51B.
    • The divestment of the lighting operations, which could be worth €5B, will leave Philips to focus on healthcare technology. (PR)
    | Mon, Apr. 25, 2:44 AM | 2 Comments
  • Sun, Apr. 24, 5:30 PM
    | Sun, Apr. 24, 5:30 PM | 7 Comments
  • Mon, Apr. 4, 11:10 AM
    • Royal Philips (PHG -1.7%) has named six banks and filed draft documents for a possible initial public offering of its lighting division even as a process to sell the business through an auction continues, Bloomberg reports.
    • The move is part of CEO's Frans van Houten's plan to sell the lighting division in order to focus the company on healthcare. According to sources, a sale could fetch about €5B ($5.7B).
    • Now read Philips: Company Breakup Will Unlock Value For Shareholders
    | Mon, Apr. 4, 11:10 AM | 2 Comments
  • Thu, Mar. 3, 6:18 PM
    • P-E firms Blackstone (NYSE:BX) and Onex are teaming up to bid for Philips' (NYSE:PHG) lighting unit, which could be worth €4.5B-€5B, WSJ reports.
    • Apollo Global (NYSE:APO) and U.K.'s Melrose Industries also are competing for the unit, according to the report.
    • The lighting unit, which includes PHG's traditional lamps operation as well as a business that makes lamps with energy-efficient LEDs, had €7.4B in sales last year.
    | Thu, Mar. 3, 6:18 PM | 1 Comment
  • Mon, Feb. 22, 7:38 AM
    • Philips (NYSE:PHG) has requested that supplier lower ex-factory quotes for LED light bulbs to $0.80 in 2016, DigiTimes reports, citing Taiwan-based LED makers.
    • Ex-factory prices for LED bulbs fell from $1.50 in mid-2015 to $1.00-$1.20 at the end of 2015, but based on production cost, many LED makers may have difficulties lowering prices below $1.00.
    | Mon, Feb. 22, 7:38 AM | 2 Comments