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Beam Suntory
Type
Subsidiary
Industry Distilled beverages
Founded October 4, 2011 (2011-10-04)
Founder Remainder company created from Fortune Brands
Headquarters Chicago, Illinois, United States
Area served
Worldwide
Key people
Matthew John Shattock (CEO & President), John Owen (CFO)
Products Spirits
Revenue IncreaseUS$ 2.46 billion (FY 2012)
Operating income
Increase$ 5.75 million (FY 2012)
Net income
Decrease$ 3.82 million (FY 2012)
Total assets Increase $ 8.64 billion (FY 2012)
Total equity Increase $4.61 million (FY 2012)
Number of employees
3400
Parent Suntory
Website www.beamsuntory.com

Beam Suntory, Inc. is a subsidiary of Suntory Beverage & Food Ltd, which itself is a subsidiary of Suntory Holdings of Osaka, Japan. Its headquarters are in Chicago, Illinois. It is the third largest producer of distilled beverages worldwide behind Diageo and Pernod Ricard.

The company's principal products include bourbon whiskey, tequila, Scotch whisky, Irish whiskey, Canadian whisky, vodka, cognac, rum, cordials, and ready-to-drink pre-mixed cocktails.

The company's foundation was lead in 1795 when James Beam began selling barrels of whiskey. By 1935, it was formally the James B. Beam Distilling Company. Ten years later, the Chicago spirits merchant Harry Blum bought the company, and in 1968 sold it to American Brands, Inc. In 1987, the James B. Beam Distilling Company purchased National Distillers and renamed itself the Jim Beam Brands Company. It was known as Jim Beam Brands Worldwide, Inc., by the time Fortune Brands purchased it in 2005. The following year, the company was renamed Beam Global Spirits & Wine, Inc. It separated from Fortune Brands to become to form its own independent, publicly traded company, Beam Inc., in 2011. Three years later, it was purchased by Suntory Holdings.

As a distinct entity, the company was established as Beam Inc. on October 3, 2011, from the remainder of the Fortune Brands holding company after it sold and divested various other product lines to form a business focused exclusively on spirits and directly related products.

On December 16, 2011, Beam Inc., agreed to buy the only independent Irish whiskey distiller that existed at the time, the Cooley Distillery, for $95 million. On April 23, 2012, Beam announced it would acquire the Pinnacle vodka and Calico Jack rum brands for $600 million.

On January 13, 2014, Suntory announced a deal to buy Beam Inc. for about $13.6 billion. The acquisition was completed on April 30, 2014, for a final cost of about $16 billion – when it was also announced that Beam would become a subsidiary named "Beam Suntory". Suntory Beverage & Food Ltd trades on the Tokyo Stock Exchange (2587). The acquisition created a cultural shock within the company when Japanese managers implied that the American-made Jim Beam whisky could be improved with the kaizen Japanese technique of continual improvement.

In November 2015, Beam Suntory sold its sherry and brandy brands Fundador, Harveys, Terry y Tres Cepas to the Philippines-owned group Emperador for 275 millions euros.

In March 2016, the company announced it would move its headquarters to the Merchandise Mart building on Chicago's Near North Side; Beam Suntory is subleasing 110,000 sq ft on the 16th floor of the Mart from Motorola Mobility.

The Chicago Cubs and Beam Suntory announced a long-term sponsorship deal in January 2017, making Beam the official spirits partner of the Cubs and Wrigley Field.

The company's self-produced brands include the following:

In addition to brands produced directly by the company and its subsidiaries, Beam Suntory imports and markets some brands produced by others, such as the DeKuyper cordial. Beam facilities also produce spirits for brands owned by other companies, such as Calvert Extra blended whiskey, now owned by Luxco.

The company also previously sold Harveys Bristol Cream sherry, as well as the brandy brands Fundador, Terry Centenario, and Tres Cepas, before selling these brands to Grupo Emperador Spain S.A., part of the Alliance Global Group.

In the 2003 Sofia Coppola movie Lost in Translation, actor Bill Murray goes to Japan to shoot a commercial for the Suntory whisky and drops the now famous slogan «For relaxing times, make it Suntory time».

News

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2020 2020-05-12 -1.03 -0.65
Q4 2019 2020-03-30 -4.47 -0.60
Q1 2019 2020-02-07 0.00 -0.29
Q2 2019 2020-02-07 0.00 0.00
Q3 2019 2020-02-07 0.00 0.00
Q4 2018 2020-02-07 0.00 -2.47
Q3 2020 0000-00-00 Future report Set alerts
Q2 2020 0000-00-00 Future report Set alerts
Q1 2018 0000-00-00 Future report Set alerts
Q2 2018 0000-00-00 Future report Set alerts

Ratings

9894-03-31
8385-03-09
5588-03-21
4049-02-14
2698-03-19
2014-04-01 Downgrade Stifel Nicolaus Buy to Hold $80.00 to $80.00
2014-02-07 Boost Price Target JPMorgan Chase & Co. $83.50
2014-01-16 Downgrade Argus Hold to Sell
2014-01-15 Upgrade Nomura Neutral
2014-01-15 Downgrade SunTrust Buy to Neutral $73.00 to $83.50
2014-01-14 Boost Price Target DA Davidson Neutral $70.00 to $83.50
2013-11-25 Initiated Coverage RBC Capital Sector Perform $70.00
2013-11-08 Initiated Coverage Evercore ISI Neutral
1970-01-01
1228-02-26
9894-03-31
8385-03-09
5588-03-21
4049-02-14
2698-03-19

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Pershing Square Capital Management, L.P. 8.29%  (13518545) BEAM / CMG / CP / HHC / JCP / PAH / VRX / ZTS /

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