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Tata Motors Limited (ADR) (TTM) engaged in manufacture of motor vehicles. The Company is engaged mainly in the business of automobile products consisting of all types of commercial and passenger vehicles, counting financing of the vehicles sold by the Company. The Company’s segments include automotive operations and all other operations. The Company’s automotive segment operations include all activities regardingthe development, design, manufacture, assembly and sale of vehicles, counting vehicle financing, in addition to sale of related parts and accessories. In the automotive segment, the Company manufactures and sells passenger cars, utility vehicles, light commercial vehicles, and medium and heavy commercial vehicles. The Company’s all other operations segment mainly includes information technology (IT) services, and machine tools and factory automation services. The Company operates in over 160 countries across the world.

Hanesbrands Inc. (HBI) recently declared fourth-quarter and full-year 2016 results, counting growth for net sales, operating profit and diluted earnings per share. The company also delivered record annual operating cash flow of $606 million.

In addition to 2016 results, Hanes has declared initial financial guidance for 2017, forecasting high-single-digit growth expectations for net sales, record cash flow from operations, and growth for operating profit and earnings per diluted share.

For the year ended Dec. 31, 2016, fourth-quarter net sales raised 12 percent to $1.58 billion and full-year net sales raised 5 percent to $6.03 billion. Sales growth was driven by acquisitions but was affected by a weaker than expected retail environment in the fourth-quarter in the United States.

On a GAAP basis, fourth-quarter EPS of $0.41 raised 37 percent and full-year EPS of $1.40 raised 32 percent. When apart from pretax charges related to acquisitions and integrations, adjusted EPS of $0.53 in the fourth quarter raised 20 percent and full-year adjusted EPS of $1.85 raised 11 percent.

“We had a strong year of sales, profit and cash flow growth with many accomplishments, counting the expansion of our X-Temp product lineup, the successful launch of our Hanes FreshIQ underwear innovation, acquisition integration, and new acquisitions in Europe and Australia,” said Hanes Chief Executive Officer Gerald W. Evans Jr. “Our business model allowed us to deliver benefits to shareholders, even though our record-high financial results fell short of our expectations as a result of unanticipated fourth-quarter retail weakness.

“Despite the challenging environment, we were able to manage inventory and generate cash, returning nearly $550 million to shareholders through quarterly cash dividends and share repurchases. In 2017, we anticipate another record year of cash flow. As we navigate the changing consumer marketplace and the trend toward online buying, we are well positioned to generate overall growth and drive total shareholder return.”

 

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