On Tuesday, Shares of E I Du Pont De Nemours And Co (NYSE:DD), lost -1.46% to $55.90.
DuPont, declared second quarter 2015 operating earnings of $1.18 per share contrast to $1.17 per share in the preceding year. GAAP1 earnings were $1.03 per share, contrast to $1.15 per share in the preceding year.
Second quarter sales were $8.6 billion, down 11 percent as compared to preceding year due to negative impacts from currency (5 percent), portfolio changes (2 percent), volume (2 percent) and local price and product mix (2 percent). Segment pre-tax operating earnings of $1,586 million comprised of about $210 million, or $0.17 per share, of negative impact from currency. Operating earnings comprised of $0.09 per share of benefit related to exchange gains and taxes, attributable to preceding periods. Performance Chemicals segment operating earnings were $113 million, or $0.10 per share, a 55 percent reduction as compared to preceding year.
E.I. du Pont de Nemours and Company operates as a science and technology based company worldwide. The company’s Agriculture segment offers corn hybrid, soybean, canola, sunflower, sorghum, inoculants, seed products, wheat, rice, herbicides, fungicides, and insecticides.
Shares of Great Western Bancorp Inc (NYSE:GWB), inclined 3.67% to $24.88, during its last trading session.
Great Western Bancorp, declared the pricing of the secondary offering of 12,563,269 shares of its common stock (the “Offering”). The shares have been offered by an associate of National Australia Bank Limited (“NAB”).
The shares of GWB common stock will be offered at a price to the public of $23.50 per share. NAB has granted the underwriters a 30-day option to purchase up to an additional 1,256,327 shares at the offering price. GWB is not selling any shares in connection with the Offering and will not receive any proceeds from the sale of shares by NAB.
Great Western Bancorp, Inc. operates as the bank holding company for Great Western Bank that provides business and agribusiness banking, retail banking, and wealth administration services.
Finally, Oil States International, Inc. (NYSE:OIS), ended its last trade with 3.40% gain, and closed at $30.10.
Oil States International, stated net income for the second quarter ended June 30, 2015 of $6.1 million, or $0.12 per diluted share, which comprised of pre-tax charges of $1.7 million for severance and other downsizing initiatives. Not taking into account these second quarter 2015 charges, net income would have totaled $7.5 million, or $0.15 per diluted share. These results compare to adjusted net income from ongoing operations of $47.6 million, or $0.88 per diluted share, stated in the second quarter of 2014. The results for the second quarter of 2014 excluded spin-off related charges totaling $110.0 million, or $1.33 per diluted share after-tax, associated with the May 30, 2014 spin-off of Oil States’ accommodations segment into a stand-alone, publicly traded corporation, Civeo Corporation or Civeo.
During the second quarter of 2015, the Company generated revenues of $269.3 million and Adjusted EBITDA (A) of $43.2 million (not taking into account $1.7 million of severance and downsizing related charges). These results compare to revenues of $459.6 million and Adjusted EBITDA (A) of $109.1 million (not taking into account $9.6 million of transaction costs stated in the second quarter of 2014), representing year-over-year declines of 41% and 60%, respectively. Activity declines were broad based and comprised of lower North American activity levels resulting from the noteworthydecline in crude oil prices, the corresponding precipitous drop in the U.S. land drilling rig count which continued throughout the second quarter, further activity declines due to certain customers who have elected to drill wells but not complete them, reduced pricing for our completion service offerings, and a reduction in short-cycle revenues in the offshore products business.
Oil States International, Inc., through its auxiliaries, provides specialty products and services to oil and natural gas companies worldwide. It operates through two segments, Offshore Products and Well Site Services.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
