On Thursday, Shares of United Rentals, Inc. (NYSE:URI), lost -13.78% to $66.93.
United Rentals, declared financial results for the second quarter 2015. Total revenue was $1.429 billion and rental revenue was $1.220 billion, contrast with $1.399 billion and $1.179 billion, respectively, for the same period last year. On a GAAP basis, the company stated second quarter net income of $86 million, or $0.88 per diluted share, contrast with $94 million, or $0.90 per diluted share, for the same period last year.
Adjusted EPS2 for the quarter was $1.95 per diluted share, contrast with $1.65 per diluted share for the same period last year. Adjusted EBITDA3 was $706 million and adjusted EBITDA margin was a second quarter company record at 49.4%, an enhance of $43 million and 200 basis points, respectively, from the same period last year.
United Rentals, Inc., through its auxiliaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench Safety, Power and HVAC (heating, ventilating and air conditioning), and Pump Solutions.
Shares of Dana Holding Corporation (NYSE:DAN), declined -0.79% to $18.93, during its last trading session.
Dana Holding Corporation, declared results for the second quarter of 2015.
Sales for the quarter were $1.609 billion, $101 million lower contrast with the same period in 2014. Foreign currency translation and the divestiture of operations in Venezuela lowered sales by $156 million and $20 million, respectively. Organic growth of $75 million, or 4 percent, driven principally by higher light-vehicle end-market demand and new business gains tempered these impacts.
Net income for the quarter was $59 million, contrast with $86 million recorded in the same period in 2014. Lower adjusted EBITDA of $25 million and higher restructuring expense of $8 million for cost-reduction actions taken in South America were the primary drivers of the change, with lower amortization and interest expense providing a partial offset. Diluted adjusted earnings per share (EPS) were $0.48, contrast with $0.58 in the second quarter of 2014, reflecting reduced earnings, partially offset by a lower share count from the continued execution of the company’s share repurchase program.
Dana Holding Corporation manufactures and sells driveline, sealing, and thermal-administration products for vehicle manufacturers in North America, Europe, South America, and the Asia Pacific.
Finally, Vishay Intertechnology (NYSE:VSH), ended its last trade with 0.26% gain, and closed at $11.56.
Vishay Intertechnology, introduced a new series of surface-mount multilayer ceramic chip capacitors (MLCCs) qualified to MIL-PRF-123 for aerospace and military applications. These high-reliability Vishay Vitramon devices are 100 % manufactured in Vishay’s MIL-STD-790-certified (Cage Code SHV71) facility and are accessible with BP and BX dielectrics in seven body sizes ranging from 0805 to 2225 and with capacitance as low as 1.0 pF.
To receive MIL-PRF-123 qualification, the MLCCs released recently passed 4,000 hours of life testing at 125 °C at twice the rated voltage, in addition to 1,000 hours of lot acceptance testing. Manufactured in precious metal technology (PMT/NME) with a wet build process and robust design, the devices provide space-level reliability for avionic, sonar, missile, satellite, and global positioning systems.
Vishay Intertechnology, Inc. manufactures and supplies discrete semiconductors and passive components in the United States, Europe, and Asia. The company operates in five segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors, and Capacitors.
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