Valens Research – UAFRS vs As Reported Weekly Highlights – April 11, 2018

Each week, Valens focuses on several companies that were analyzed in the prior week, where material distortions caused by as-reported GAAP accounting need to be corrected to understand a company’s economic fundamentals.

Company Specific Highlights & Insights

PVH Corp. (PVH)
Operating Lease Distortion

Stryker Corporation (SYK)
R&D Expense Distortion

Church & Dwight Co., Inc. (CHD)
Goodwill Distortion