Trading Day: Local SEC filings for 2.8.18

Apple Hospitality REIT (APLE)

The hotel-focused real estate investment trust announced it purchased two Hampton Inn & Suites in Atlanta, Georgia and Memphis, Tennessee for a combined $63 million.

Brink’s (BCO)

The armored car giant released its fourth quarter and year-end earnings. It reported $3.3 billion in revenue and $274 million in profit for 2017. It reported $864 million in revenue and $91 million in profit for Q4 2017. Click here for the full filing.

CarMax (KMX)

The used car retailer announced two new board members: Peter Bensen and Robert Hombach, who will join April 1.

Genworth Financial (GNW)

The insurer reported its fourth quarter and year-end earnings, citing net income for the quarter of $353 million, compared with a loss of $122 million in the same period of 2016. Full-year profits were $817 million, up from a 2016 loss of $277 million. Revenue for the quarter was $1.68 billion, down from $2.19 billion from fourth quarter 2016. Revenue for the full year was $8.29 billion, down from $8.36 billion. See the full earnings report here.

The company said it continues to work toward closing its deal to be acquired by China Oceanwide Holdings Group, saying the parties have re-filed a joint notice with U.S. regulators for approval of the transaction. It said part of the delay is due to the need for more detailed information “about an additional data security risk mitigation proposal involving a U.S. third-party service provider.” It said it is also awaiting for approval from the Delaware Department of Insurance, which has questioned the fair market value of subsidiary Genworth Life and Annuity Insurance Co. The $2.7 billion deal still needs approval from multiple federal and state regulators. It was announced in the fall of 2016 and was initially expected to close in mid-2017. Genworth also said the delay has forced it to pursue a new secured debt line to address upcoming debt maturity. I did not provide details of the terms.

Markel (MKL)

The insurer released its fourth quarter and year-end earnings report. It cited $4.2 billion in revenue and $395 million in profit for 2017, and $1.1 billion and $434 million in profit for Q4 2017. Click here for the full report.

NewMarket Corporation (NEU)

The petroleum-focused holding company released its fourth quarter and year-end earnings. It reported $2.1 billion in revenue and $190 million in profit for 2017, and $559 million in revenue and $4 million in profit for Q4 2017. Click here for the full release.

Owens & Minor (OMI)

President and CEO Paul Cody Phipps sold 26,598 shares at $17.68 on Feb. 7 for a total of $470,000.

Performance Food Group (PFGC)

The Goochland-based food distributor released its fiscal quarter that ended Dec. 30. It reported $4.3 billion in net sales and $567 million in profit. Click here for the full report.

Union Bankshares (UBSH)

The parent of Union Bank & Trust filed an investor presentation, which can be seen here.

Universal Corp (UVV)

The tobacco company released its earnings for its fiscal quarter ending Dec. 31. lt reported $653 million in revenue and $45.4 million in profit. Click here for the full release.

Apple Hospitality REIT (APLE)

The hotel-focused real estate investment trust announced it purchased two Hampton Inn & Suites in Atlanta, Georgia and Memphis, Tennessee for a combined $63 million.

Brink’s (BCO)

The armored car giant released its fourth quarter and year-end earnings. It reported $3.3 billion in revenue and $274 million in profit for 2017. It reported $864 million in revenue and $91 million in profit for Q4 2017. Click here for the full filing.

CarMax (KMX)

The used car retailer announced two new board members: Peter Bensen and Robert Hombach, who will join April 1.

Genworth Financial (GNW)

The insurer reported its fourth quarter and year-end earnings, citing net income for the quarter of $353 million, compared with a loss of $122 million in the same period of 2016. Full-year profits were $817 million, up from a 2016 loss of $277 million. Revenue for the quarter was $1.68 billion, down from $2.19 billion from fourth quarter 2016. Revenue for the full year was $8.29 billion, down from $8.36 billion. See the full earnings report here.

The company said it continues to work toward closing its deal to be acquired by China Oceanwide Holdings Group, saying the parties have re-filed a joint notice with U.S. regulators for approval of the transaction. It said part of the delay is due to the need for more detailed information “about an additional data security risk mitigation proposal involving a U.S. third-party service provider.” It said it is also awaiting for approval from the Delaware Department of Insurance, which has questioned the fair market value of subsidiary Genworth Life and Annuity Insurance Co. The $2.7 billion deal still needs approval from multiple federal and state regulators. It was announced in the fall of 2016 and was initially expected to close in mid-2017. Genworth also said the delay has forced it to pursue a new secured debt line to address upcoming debt maturity. I did not provide details of the terms.

Markel (MKL)

The insurer released its fourth quarter and year-end earnings report. It cited $4.2 billion in revenue and $395 million in profit for 2017, and $1.1 billion and $434 million in profit for Q4 2017. Click here for the full report.

NewMarket Corporation (NEU)

The petroleum-focused holding company released its fourth quarter and year-end earnings. It reported $2.1 billion in revenue and $190 million in profit for 2017, and $559 million in revenue and $4 million in profit for Q4 2017. Click here for the full release.

Owens & Minor (OMI)

President and CEO Paul Cody Phipps sold 26,598 shares at $17.68 on Feb. 7 for a total of $470,000.

Performance Food Group (PFGC)

The Goochland-based food distributor released its fiscal quarter that ended Dec. 30. It reported $4.3 billion in net sales and $567 million in profit. Click here for the full report.

Union Bankshares (UBSH)

The parent of Union Bank & Trust filed an investor presentation, which can be seen here.

Universal Corp (UVV)

The tobacco company released its earnings for its fiscal quarter ending Dec. 31. lt reported $653 million in revenue and $45.4 million in profit. Click here for the full release.

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