On Monday, Shares of Shake Shack Inc (NYSE:SHAK), lost -1.80% to $70.35.
Shake Shack Inc., declared the commencement of a secondary offering of its Class A common stock following a registration statement filed on Form S-1 with the Securities and Exchange Commission. The Selling Stockholders intend to offer 4,000,000 shares of the Company’s Class A Common Stock for sale. Additionally, the Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to 600,000 additional shares of the Company’s Class A Common Stock. The Company will not receive any proceeds from the sale of the shares by the selling stockholders.
J.P. Morgan Securities LLC is acting as sole lead book-running manager in the projected offering. Morgan Stanley & Co. LLC, Barclays Capital Inc., Goldman, Sachs & Co., Jefferies LLC, William Blair & Company, L.L.C. and Stifel are acting as book-running managers in the projected offering.
Shake Shack Inc. owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States, the District of Columbia, North America, Europe, and Asia. Shacks offers hamburgers, hot dogs, crinkle-cut fries, shakes, frozen custard, beer, and wine.
Shares of Oil States International, Inc. (NYSE:OIS), inclined 5.01% to $31.24, during its last trading session.
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.
At the end of Monday’s trade, Shares of Coty Inc (NYSE:COTY), gained 2.13% to $29.21.
Coty, will release fiscal 2015 fourth quarter and full year financial results before the open of the U.S. equity markets on the morning of Thursday, August 13, 2015.
Coty Inc., together with its auxiliaries, manufactures, markets, and distributes women’s and men’s fragrances, color cosmetics, and skin and body care related products worldwide. The company operates through three segments: Fragrances, Color Cosmetics, and Skin & Body Care.
Finally, Cimarex Energy Co (NYSE:XEC), ended its last trade with 3.58% gain, and closed at $114.88.
Cimarex Energy Co., stated a second quarter 2015 net loss of $600.2 million, or $6.47 per diluted share, counting a non-cash impairment of oil and gas properties. The adjusted second quarter net income was $14.4 million, or $0.15 per diluted share. Second quarter 2015 adjusted cash flow from operations was $252.4 million as compared to $443.1 million a year ago.
Total company production averaged 1.0 billion cubic feet equivalent (Bcfe) per day during the second quarter, a 22 percent enhance from second quarter 2014. Year-over-year natural gas volumes raised 14 percent, oil volumes grew 35 percent, and NGL volumes were up 25 percent.
Coty Inc., together with its auxiliaries, manufactures, markets, and distributes women’s and men’s fragrances, color cosmetics, and skin and body care related products worldwide. The company operates through three segments: Fragrances, Color Cosmetics, and Skin & Body Care.
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