Brunswick

On July 28 Brunswick (BC) announced its second quarter numbers, in which it beat earnings estimates by 2 cents ($1.19) but missed revenue by 0.6%. The stock price has remained unchanged.

The company’s financials continue to increase steadily. Second quarter revenue increased 8.8% over the same quarter a year prior. This growth was led by a 33% increase in Fitness business sales for products like treadmills and pool tables. U.S. sales increased 11% in the quarter and sales outside of the U.S. increased 6%.

Brunswick also announced last week that it was acquiring Indoor Cycling Group, a maker of stationary bikes. Stationary biking known as “spinning” has become increasingly popular in recent years, with gyms dedicated solely to spinning classes popping up in major cities. This acquisition makes sense for Brunswick to continue increasing sales in its Fitness business.

The company also declared a 15 cent dividend per share that will be paid on Sept. 15 to shareholders holding Brunswick stock on Aug. 23.

Charles River Laboratories

Shares of Charles River Labs (CRL) edged up from $86 to $88 on Aug. 4 on positive earnings results. Second-quarter 2016 earnings per share of $1.20 beat analyst expectations of $1.10. And revenue of $434 million beat analyst expectations of $425 million. Second-quarter 2016 revenue was up 28% over Q2 2015 revenue $340 million.

The most substantial revenue increase came from Charles River’s Discovery and Safety Assessment business. The business’ second-quarter revenue of $221 million increased 45.6% over Q2 2015 revenue of $153 million. The acquisitions of WIL Research and Oncotest contributed 35% to the Discovery and Safety Assessment business’ second quarter sales growth. The recent acquisition of Blue Stream Laboratories also allows Charles River to provide comprehensive safety testing for products from the discovery to production phases.

Criteo

On Aug. 3 Criteo (CRTO) reported second quarter earnings per share of 32 cents, which beat analyst expectations by 4 cents. Revenue of $407 million for the quarter increased from Q2 2015 revenue of $271 million by 50%.

Revenue from mobile advertising represents over half of Criteo’s business. Facebook, Criteo’s most high-profile customer (though it only accounts for 9% of its business), reported another blowout quarter in mobile advertising. Mobile ad revenue for Facebook rose 80% to over $5 billion and now represents 84% of all advertising.

Criteo also added a record number of 900 new clients in the second quarter for a total of 12,000 clients. For 20 consecutive quarters the company has maintained a client retention rate of 90%.

Drew Industries

RV component supplier Drew Industries (DW) posted strong Q2 2016 earnings on Aug. 4 that sent shares up nearly 7% from $89.50 to $96.50. The company’s Q2 earnings per share of $1.51 beat analyst expectations $1.35 by almost 12%.

The RV industry saw sales of RVs increase 12%, which translated to increased sales for Drew. Second-quarter revenues of $441 million beat analyst expectations by $39 million and represented a 22% increase over Q2 2015 revenue $362 million.

CEO Jason Lippert said that the actual RV industry sales increase of 12% is out-pacing the RV Industry Association’s single digit projections for 2016 given at the end of last year. Lippert attributes this increased sales momentum to a new generation of enthusiasts “embracing the RV lifestyle.” Towable RV sales are up 14% in North America despite sales of towable RVs being down 19% in Canada during Q2 2016.

SolarEdge

SolarEdge stock (SEDG) continues to trend lower, most likely in response to Tesla’s acquisition of SolarCity. The fear seems to be that SolarCity will eventually stop using SolarEdge’s power inverters once Tesla figures out how to make them. We have noted before that Solarcity represents just 9% of SolarEdge’s revenue and has been rapidly declining. The other worry is that Tesla will eventually alter its solar batteries so that it is only compatible with SolarCity products. We think both worries are unfounded.