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Hot Stocks
Select Interior Concepts to sell RDS segment to ILG for $215M in cash » 05:40
05/10/21
05/10
05:40
05/10/21
05:40
SIC

Select Interior Concepts

$9.00 /

+0.08 (+0.90%)

, BX

Blackstone

$89.99 /

+1.76 (+1.99%)

Select Interior Concepts…

Select Interior Concepts (SIC) announced that it has entered into a definitive agreement to sell its residential design services segment, or RDS, in an all-cash transaction to Interior Logic Group, or ILG, a portfolio company of Blackstone (BX). The transaction is valued at approximately $215M, subject to customary purchase price adjustments, and is expected to close mid-2021, subject to customary closing conditions which includes the receipt of required regulatory approvals. SIC intends to use the proceeds from the transaction to repay all its outstanding indebtedness and capital lease obligations. For the year ended December 31, 2020, SIC reported RDS segment revenue of $332.5M, and RDS' segment adjusted EBITDA of $16.7M representing 12.8x purchase price to 2020 adjusted EBITDA. For the 12 months ended March 31, SIC reported RDS segment revenue of $333.5M; RDS' segment adjusted EBITDA was approximately $19M representing 11.3x purchase price to LTM adjusted EBITDA.

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SIC Select Interior Concepts
$9.00 /

+0.08 (+0.90%)

BX Blackstone
$89.99 /

+1.76 (+1.99%)

SIC Select Interior Concepts
$9.00 /

+0.08 (+0.90%)

03/16/21 B. Riley
Select Interior Concepts price target raised to $14 from $13 at B. Riley
02/02/21 B. Riley
Select Interior looks attractive relative to Blackstone deal, says B. Riley
01/22/21 B. Riley
Select Interior Concepts price target raised to $13 from $12 at B. Riley
09/11/20 Truist
Select Interior Concepts initiated with a Buy at Truist
BX Blackstone
$89.99 /

+1.76 (+1.99%)

04/27/21 Argus
Blackstone price target raised to $100 from $82 at Argus
04/23/21 Barclays
Blackstone price target raised to $95 from $85 at Barclays
04/23/21 Deutsche Bank
Blackstone price target raised to $76 from $66 at Deutsche Bank
04/12/21 Barclays
Blackstone price target raised to $85 from $75 at Barclays
SIC Select Interior Concepts
$9.00 /

+0.08 (+0.90%)

BX Blackstone
$89.99 /

+1.76 (+1.99%)

BX Blackstone
$89.99 /

+1.76 (+1.99%)

BX Blackstone
$89.99 /

+1.76 (+1.99%)

BX Blackstone
$89.99 /

+1.76 (+1.99%)

Earnings
Select Interior Concepts reports Q1 EPS (7c), one estimate (11c) » 06:31
05/06/21
05/06
06:31
05/06/21
06:31
SIC

Select Interior Concepts

$8.20 /

+0.4 (+5.13%)

Reports Q1 revenue…

Reports Q1 revenue $137.8M, consensus $136.2M. CEO Bill Varner Jr. commented, "The year is off to a good start for SIC. Both of our business units performed to plan and realized growth, enabling us to increase total revenue by 2.5% over last year's period. Adjusting for products we purposefully discontinued in 2020, total revenue rose by 5.0%. During the quarter, we also achieved the approximately $1.0M that was anticipated in savings from the operational efficiency steps we identified in 2020. Additionally, we successfully launched key growth initiatives in RDS and ASG. Our growth initiatives are designed to expand our customer base, product offering and geographic presence and to enhance the technology we offer, providing the fuel for SIC to accelerate growth and, in the process, increase shareholder value. We are seeing many positive trends in the industry and expect the company's performance to reflect the same in the second quarter. Housing starts remain robust, repair & remodel is strengthening for large interior projects, and the impact of the COVID-19 pandemic is abating. While business logistics remain tight and there have been signs of input cost inflation, we have been managing these challenges and are pleased to reaffirm the guidance estimate we provided in March, which called for Adjusted EBITDA in the range of $54M-$58M for 2021."

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SIC Select Interior Concepts
$8.20 /

+0.4 (+5.13%)

SIC Select Interior Concepts
$8.20 /

+0.4 (+5.13%)

03/16/21 B. Riley
Select Interior Concepts price target raised to $14 from $13 at B. Riley
02/02/21 B. Riley
Select Interior looks attractive relative to Blackstone deal, says B. Riley
01/22/21 B. Riley
Select Interior Concepts price target raised to $13 from $12 at B. Riley
09/11/20 Truist
Select Interior Concepts initiated with a Buy at Truist
SIC Select Interior Concepts
$8.20 /

+0.4 (+5.13%)

Conference/Events
Select Interior Concepts management to meet virtually with B. Riley Securities » 04:55
04/14/21
04/14
04:55
04/14/21
04:55
SIC

Select Interior Concepts

$7.20 /

-0.06 (-0.83%)

Virtual Meeting to be…

Virtual Meeting to be held on April 14 hosted by B. Riley Securities.

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SIC Select Interior Concepts
$7.20 /

-0.06 (-0.83%)

SIC Select Interior Concepts
$7.20 /

-0.06 (-0.83%)

03/16/21 B. Riley
Select Interior Concepts price target raised to $14 from $13 at B. Riley
02/02/21 B. Riley
Select Interior looks attractive relative to Blackstone deal, says B. Riley
01/22/21 B. Riley
Select Interior Concepts price target raised to $13 from $12 at B. Riley
09/11/20 Truist
Select Interior Concepts initiated with a Buy at Truist
SIC Select Interior Concepts
$7.20 /

-0.06 (-0.83%)

Conference/Events
Select Interior Concepts management to meet virtually with B. Riley Securities » 12:08
04/09/21
04/09
12:08
04/09/21
12:08
SIC

Select Interior Concepts

$7.32 /

+0.02 (+0.27%)

Virtual Meeting to be…

Virtual Meeting to be held on April 14 hosted by B. Riley Securities.

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SIC Select Interior Concepts
$7.32 /

+0.02 (+0.27%)

SIC Select Interior Concepts
$7.32 /

+0.02 (+0.27%)

03/16/21 B. Riley
Select Interior Concepts price target raised to $14 from $13 at B. Riley
02/02/21 B. Riley
Select Interior looks attractive relative to Blackstone deal, says B. Riley
01/22/21 B. Riley
Select Interior Concepts price target raised to $13 from $12 at B. Riley
09/11/20 Truist
Select Interior Concepts initiated with a Buy at Truist
SIC Select Interior Concepts
$7.32 /

+0.02 (+0.27%)

Over a quarter ago
Recommendations
Select Interior Concepts price target raised to $14 from $13 at B. Riley » 08:17
03/16/21
03/16
08:17
03/16/21
08:17
SIC

Select Interior Concepts

$8.90 /

+0.35 (+4.09%)

B. Riley Securities…

B. Riley Securities analyst Alex Rygiel raised the firm's price target on Select Interior Concepts to $14 from $13 and reiterates a Buy rating on the shares following the company's Q4 results. 2021 should be a "year of growth" for Select Interior with its management team in place, expected geographic expansion across both segments, good initial penetration into its Momentum Design software, cost-cutting initiatives that remain on track, and the expected decline in COVID-related impacts, Rygiel tells investors in a research note.

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SIC Select Interior Concepts
$8.90 /

+0.35 (+4.09%)

SIC Select Interior Concepts
$8.90 /

+0.35 (+4.09%)

02/02/21 B. Riley
Select Interior looks attractive relative to Blackstone deal, says B. Riley
01/22/21 B. Riley
Select Interior Concepts price target raised to $13 from $12 at B. Riley
09/11/20 Truist
Select Interior Concepts initiated with a Buy at Truist
04/15/20 B. Riley
Select Interior Concepts price target lowered to $7 from $9 at B. Riley FBR
SIC Select Interior Concepts
$8.90 /

+0.35 (+4.09%)

Earnings
Select Interior Concepts sees FY21 adjusted EBITDA $54M-$58M » 06:22
03/15/21
03/15
06:22
03/15/21
06:22
SIC

Select Interior Concepts

$8.81 /

-0.08 (-0.90%)

CEO L.W. Varner Jr.…

CEO L.W. Varner Jr. commented, "SIC performed well in a difficult year, adjusting effectively to challenges including frequently changing conditions and restrictions due to the COVID-19 pandemic and senior management transitions. The operational transformation program we began executing after my arrival in June, designed to bring SIC together as a single efficient organization, has made good progress and is on track to deliver the $8 million to $10 million in structural cost savings we targeted to realize in 2021 and 2022. For 2021, we are implementing a wide array of initiatives in both of our business segments to take advantage of today's encouraging trends in homebuilding and further drive long-term value creation for SIC. These include expanding our customer base, product offering and geographic presence; enhancing the technology we offer customers and use ourselves; and increasing our fabrication capacity and productivity. In addition, we recently appointed Karl Adrian as president of Residential Design Services. Karl's successful, 30-year track record in the building products industry combined with his focus on high performance will help us optimize SIC's revenue growth and core earnings power." Varner concluded, "The combination of positive industry indicators supporting our growth, an enhanced leadership team, new initiatives to drive incremental growth combined with cost savings gives us confidence in our estimate of guidance around Adjusted EBITDA in the range of $54 million to $58 million for 2021."

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SIC Select Interior Concepts
$8.81 /

-0.08 (-0.90%)

SIC Select Interior Concepts
$8.81 /

-0.08 (-0.90%)

02/02/21 B. Riley
Select Interior looks attractive relative to Blackstone deal, says B. Riley
01/22/21 B. Riley
Select Interior Concepts price target raised to $13 from $12 at B. Riley
09/11/20 Truist
Select Interior Concepts initiated with a Buy at Truist
04/15/20 B. Riley
Select Interior Concepts price target lowered to $7 from $9 at B. Riley FBR
SIC Select Interior Concepts
$8.81 /

-0.08 (-0.90%)

Earnings
Select Interior Concepts reports Q4 EPS (13c), consensus 2c » 06:21
03/15/21
03/15
06:21
03/15/21
06:21
SIC

Select Interior Concepts

$8.81 /

-0.08 (-0.90%)

Reports Q4 revenue…

Reports Q4 revenue $144.2M, consensus $150.1M.

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SIC Select Interior Concepts
$8.81 /

-0.08 (-0.90%)

SIC Select Interior Concepts
$8.81 /

-0.08 (-0.90%)

02/02/21 B. Riley
Select Interior looks attractive relative to Blackstone deal, says B. Riley
01/22/21 B. Riley
Select Interior Concepts price target raised to $13 from $12 at B. Riley
09/11/20 Truist
Select Interior Concepts initiated with a Buy at Truist
04/15/20 B. Riley
Select Interior Concepts price target lowered to $7 from $9 at B. Riley FBR
Hot Stocks
Select Interior Concepts expands into Boise, Idaho market » 08:36
03/08/21
03/08
08:36
03/08/21
08:36
SIC

Select Interior Concepts

$8.34 /

+0.125 (+1.52%)

Select Interior Concepts…

Select Interior Concepts announced the Company is expanding the markets it serves, adding Boise, Idaho to its 31 existing Residential Design Services locations. The greenfield expansion positions SIC's RDS subsidiary to support and extend a key partnership with Woodbridge Pacific Group, LLC, a developer of architecturally distinctive homes in premier areas. Through its partnership with Woodbridge, RDS will provide design and installation work for multiple communities to be built in the Boise Metropolitan Area. Construction is scheduled to commence in several phases beginning in mid-2021.

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SIC Select Interior Concepts
$8.34 /

+0.125 (+1.52%)

SIC Select Interior Concepts
$8.34 /

+0.125 (+1.52%)

02/02/21 B. Riley
Select Interior looks attractive relative to Blackstone deal, says B. Riley
01/22/21 B. Riley
Select Interior Concepts price target raised to $13 from $12 at B. Riley
09/11/20 Truist
Select Interior Concepts initiated with a Buy at Truist
04/15/20 B. Riley
Select Interior Concepts price target lowered to $7 from $9 at B. Riley FBR
Hot Stocks
SIC appoints Karl Adrian president, residential design services » 08:11
03/01/21
03/01
08:11
03/01/21
08:11
SIC

Select Interior Concepts

$8.68 /

-0.005 (-0.06%)

Select Interior Concepts…

Select Interior Concepts announced that Karl Adrian will join the Company as President, Residential Design Services effective March 1, 2021. Most recently, he served as CEO of Clio Holdings, a large fabricator of stone and other countertops with multiple manufacturing facilities and other locations.

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SIC Select Interior Concepts
$8.68 /

-0.005 (-0.06%)

SIC Select Interior Concepts
$8.68 /

-0.005 (-0.06%)

02/02/21 B. Riley
Select Interior looks attractive relative to Blackstone deal, says B. Riley
01/22/21 B. Riley
Select Interior Concepts price target raised to $13 from $12 at B. Riley
09/11/20 Truist
Select Interior Concepts initiated with a Buy at Truist
04/15/20 B. Riley
Select Interior Concepts price target lowered to $7 from $9 at B. Riley FBR
Recommendations
Select Interior looks attractive relative to Blackstone deal, says B. Riley » 07:54
02/02/21
02/02
07:54
02/02/21
07:54
SIC

Select Interior Concepts

$7.65 /

+0.15 (+2.00%)

B. Riley Securities…

B. Riley Securities analyst Alex Rygiel reiterates a Buy rating on Select Interior Concepts (SIC) following yesterday's news that Blackstone (BX) plans to acquire Interior Logic Group, an interior design service and technology provider to homebuilders. The deal provides additional validation of Select Interior's interior design center business as well as the developing growth potential from a resurgent new home construction market, Rygiel tells investors in a research note. Further, the valuation paid for Interior Logic Group suggests the shares of Select Interior offer "attractive upside" beyond the $13 price target, adds the analyst. Rygiel keeps a Buy rating on Select Interior Concepts.

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SIC Select Interior Concepts
$7.65 /

+0.15 (+2.00%)

SIC Select Interior Concepts
$7.65 /

+0.15 (+2.00%)

01/22/21 B. Riley
Select Interior Concepts price target raised to $13 from $12 at B. Riley
09/11/20 Truist
Select Interior Concepts initiated with a Buy at Truist
04/15/20 B. Riley
Select Interior Concepts price target lowered to $7 from $9 at B. Riley FBR

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