On Monday, Shares of Franco-Nevada Corporation (NYSE:FNV), gained 2.40% to $45.16.
Franco-Nevada Corporation, stated second quarter 2015 financial results realizing 83,040 Gold Equivalent Ounces from its mineral assets and $10.3 million in revenue from its oil & gas assets. Net Income and Adjusted Net Income were $21.6 million, or $0.14 per share, and $22.9 million, or $0.15 per share, respectively, with Adjusted EBITDA being $82.2 million, or $0.53 per share.
“Franco-Nevada’s diversified portfolio continues to deliver very stable revenues and cash flows despite declining commodity prices,” said David Harquail, President, and CEO. “Our balance sheet remains very liquid with no debt. We see downturns as an opportunity for even better investments. There continues to be many active opportunities and Franco-Nevada has raised its credit facility to $750 million to be better positioned to act on the right ones.”
Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, and internationally. It also has interests in silver assets and polymetallic exploration prospects; platinum group metal, counting palladium; other minerals, such as base metals, iron ore, coal, and industrial and miscellaneous minerals; and oil and gas properties.
Shares of WhiteWave Foods Co (NYSE:WWAV), inclined 0.46% to $49.92, during its last trading session.
WhiteWave Foods Company stated record results for the second quarter ended June 30, 2015.
WhiteWave stated second quarter 2015 adjusted diluted earnings per share of $0.26, not taking into account operating investments associated with its China joint venture. Counting joint venture investments, WhiteWave stated second quarter 2015 adjusted diluted earnings per share of $0.24.
Net sales for second quarter 2015 were $924 million, a 10 percent enhance from net sales of $838 million in second quarter 2014. These results were driven by strong growth across the Americas Foods & Beverages and Europe Foods & Beverages segments and a benefit from the inclusion of So Delicious Dairy Free that was attained in fourth quarter 2014. On a constant currency basis, net sales raised 14 percent in second quarter 2015 over the same period in 2014. Not taking into account acquisitions, organic constant currency net sales raised 9 percent in second quarter 2015 over the same period in 2014.
Adjusted operating income for second quarter 2015 raised 20 percent to $85 million, contrast to $71 million in second quarter 2014. On a constant currency basis, adjusted operating income raised 24 percent in second quarter 2015 over the same period in 2014.
The WhiteWave Foods Company, a consumer packaged food and beverage company, manufactures, markets, distributes, and sells branded plant-based foods and beverages, salads, fruits and vegetables, coffee creamers and beverages, and dairy products and organic produce in North America and Europe. It operates in three segments: Americas Foods & Beverages, Americas Fresh Foods, and Europe Foods & Beverages.
At the end of Monday’s trade, Shares of Penn Virginia Corporation (NYSE:PVA), lost -2.70% to $0.830.
Penn Virginia Corporation declared that it has engaged Jefferies LLC to provide financial advice generally and to act as its exclusive financial advisor in connection with asset-level financing transactions with investors related to the Company’s Eagle Ford assets. As part of its general advisory services, Jefferies will also assist the Company evaluate planned alternatives with respect to its Eagle Ford assets and their development and will provide the Company with other financial advice and financial planning assistance.
Penn Virginia Corporation (PVA) is an independent oil and gas company engaged in the exploration, development, and production of oil, NGLs and natural gas in various domestic onshore regions of the United States, with a primary focus in the Eagle Ford Shale in south Texas.
Penn Virginia Corporation, an independent oil and gas company, explores, develops, and produces crude oil, natural gas liquids, and natural gas in various onshore regions of the United States.
Finally, Bloomin’ Brands Inc (NASDAQ:BLMN), ended its last trade with 1.20% gain, and closed at $21.92.
Bloomin’ Brands, stated financial results for the second quarter ended June 28, 2015 contrast to the second quarter ended June 29, 2014.
Key highlights for Q2 2015 comprise the following:
Comparable sales for Company-owned U.S. concepts raised 2.0%
Comparable sales for Outback Steakhouse restaurants in Brazil raised 3.4%
System-wide development was 14 new restaurants counting nine International restaurants
Adjusted restaurant margin was 16.2% as compared to 16.1% in Q2 2014 and U.S. GAAP restaurant margin was 16.5% as compared to 16.1% in Q2 2014
Subsequent to Q2 2015:
- The Company’s Board of Directors approved a new $100.0 million share repurchase program
- Moody’s upgraded the Company’s Corporate Family Rating two notches to Ba2
Bloomin Brands, Inc., through its auxiliaries, owns and operates casual, upscale casual, and fine dining restaurants primarily in the United States. The company operates restaurants under various concepts, counting Outback Steakhouse, a casual steakhouse restaurant; Carrabba’s Italian Grill, a casual Italian restaurant; Bonefish Grill, an upscale casual seafood restaurant; and Fleming’s Prime Steakhouse & Wine Bar, a contemporary steakhouse.
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