During Tuesday’s Afternoon trade, Shares of Iron Mountain Inc (NYSE:IRM), gain 0.03% to $30.30.
Storage and information administration company Iron Mountain® Incorporated (IRM) declared that Deirdre Evens has joined Iron Mountain as Chief People Officer.
Evens will oversee global human resources, leading operations and strategy to support the company’s growth through recruitment, talent development, and compensation and benefits. Evens will serve as a member of the company’s senior executive team and report directly to Iron Mountain’s President and CEO William L. Meaney.
Iron Mountain Incorporated, a real estate investment trust, provides storage and information administration services in North America, Europe, Latin America, and the Asia Pacific. It operates through North American Records and Information Administration Business, North American Data Administration Business, Western European Business, Other International Business, and Corporate and Other Business. The company provides storage services for paper documents and other media, such as microfilm and microfiche, master audio and videotapes, film, X-rays, and blueprints, counting healthcare information services, vital records services, and service and courier operations, in addition to the collection, handling, and disposal of sensitive documents for corporate customers.
Shares of Corelogic Inc (NYSE:CLGX), declined -0.03% to $39.09, during its Afternoon trading session.
CoreLogic® (CLGX), a leading global property information, analytics and data-enabled services provider, released new analysis showing 254,000 properties regained equity in the first quarter of 2015, bringing the total number of mortgaged residential properties with equity at the end of Q1 2015 to approximately 44.9 million, or 90 percent of all mortgaged properties. Nationwide, borrower equity increased year over year by $694 billion in Q1 2015. The total number of mortgaged residential properties with negative equity is now at 5.1 million, or 10.2 percent of all mortgaged properties. This compares to 5.4 million homes, or 10.8 percent, that had negative equity in Q4 2014*, a quarter-over-quarter decrease of 4.7 percent. Compared with 6.3 million homes, or 12.9 percent, reported for Q1 2014, the number of underwater homes has decreased year over year by 1.2 million, or 19.4 percent.
Negative equity, often referred to as “underwater” or “upside down,” refers to borrowers who owe more on their mortgages than their homes are worth. Negative equity can occur because of a decline in value, an enhance in mortgage debt or a combination of both.
For the homes in negative equity status, the national aggregate value of negative equity was $337.4 billion at the end of Q1 2015, falling about $11.7 billion from $349.1 billion in Q4 2014. On a year-over-year basis, the value of negative equity declined overall from $388 billion in Q1 2014, representing a decrease of 13 percent in 12 months.
CoreLogic, Inc. provides property information, analytics, and data-enabled services in North America, Western Europe, and the Asia Pacific. The company operates through two segments, Technology and Processing Solutions and Data & Analytics (D&A). The Technology and Processing Solutions segment offers property tax monitoring, flood zone certification and monitoring, credit services, mortgage loan administration and production services, lending solutions, mortgage-related business process outsourcing, technology solutions and compliance-related services.
Fortune Brands Home & Security Inc (NYSE:FBHS), during its Tuesday’s Afternoon trading session gained 2.18% to $52.54.
Fortune Brands Home & Security, Inc. (FBHS), an industry-leading home and security products company, declared second quarter 2015 results from ongoing operations and updated its 2015 annual outlook for earnings per share.
Second Quarter 2015
For the second quarter of 2015, sales were $1.17 billion, an enhance of 13 percent over the second quarter of 2014. Earnings per share were $0.48, contrast to $0.51 in the preceding-year quarter. EPS before charges/gains were $0.59, contrast to $0.51 the same quarter last year. Operating income was $128.2 million, contrast to $125.5 million in the preceding-year quarter. Operating income before charges/gains was $150.5 million, contrast to $125.6 million the same quarter last year.
For each segment in the second quarter of 2015, contrast to the preceding-year quarter:
- Cabinet sales raised 18 percent to the preceding year. Not taking into account the impact of the Norcraft acquisition, sales raised 8 percent, with the dealer channel growing 10 percent and in-stock cabinet and vanities increasing high teens.
- Plumbing sales raised 5 percent, with growth across the U.S. wholesale and retail channels, offset somewhat by the impact of Canadian currency and slower China sales.
- Door sales were up 6 percent with growth in both the wholesale and retail channels.
- Security sales raised 28 percent driven by the SentrySafe acquisition.
Fortune Brands Home & Security, Inc. provides home and security products for use in residential home repair, remodeling, new construction, security applications, and storage. It operates in four segments: Cabinets, Plumbing, Doors, and Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, in addition to vanities for the kitchen, bath, and other parts of the home under various brand names, counting Aristokraft, Kitchen Craft, Kitchen Classics, Omega, Schrock, Homecrest, Decorá, Diamond, St. Paul, Kemper, Thomasville, and Martha Stewart Living in North America.
Finally, TETRA Technologies, Inc. (NYSE:TTI), decreased -3.20%, to $7.25.
TETRA Technologies, Inc. (TTI) declared second quarter 2015 earnings per share of $0.16, not taking into account Maritech and other charges, which compares to earnings of $0.10 per share in the second quarter of 2014, also not taking into account Maritech and other charges. Second quarter 2015 revenue not taking into account Maritech of $315.9 million raised 31% from the second quarter of 2014 primarily as a result of the acquisition of Compressor Systems, Inc. (“CSI”) on August 4, 2014 by CSI Compressco LP.
Merged GAAP second quarter 2015 earnings per share attributable to TETRA stockholders counting Maritech and other charges were earnings of $0.19, which compares to a loss of $(0.03) in the second quarter of 2014.
Highlights comprise:
- Record second quarter 2015 revenue, adjusted EBITDA, and operating income for the Fluids Division (adjusted EBITDA is a non-GAAP financial measure that is reconciled to the nearest GAAP measure in Plan F).
- Second quarter free cash flow of $43 million(1), not taking into account the impact of $4 million of Maritech asset retirement obligation expenditures.
- A $38 million reduction in TETRA net debt(2) contrast to the end of the first quarter of 2015, and an improvement in debt leverage ratio to 2.38x(3), marking the third successive quarter of debt improvements.
- The successful launch and completion of the first commercial application of our heavy zinc-free completion fluid.
TETRA Technologies, Inc., together with its auxiliaries, operates as a diversified oil and gas services company. It operates through four divisions: Fluids, Production Testing, Compression, and Offshore. The Fluids division manufactures and markets clear brine fluids, additives, and associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, in addition to in Latin America, Europe, Asia, the Middle East, and Africa. This segment also markets liquid and dry calcium chloride products; and provides water administration services for oil and gas operators in North America.
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