During Thursday’s current trade, Commercial Metals Company (NYSE:CMC)’s shares incline 2.95% to $17.11.
Commercial Metals Company (CMC) declared financial results for its third quarter ended May 31, 2015. Net earnings attributable to CMC for the three months ended May 31, 2015 were $56.7 million ($0.49 per diluted share) on net sales of $1.5 billion. This compares to net earnings attributable to CMC of $23.6 million ($0.20 per diluted share) on net sales of $1.7 billion for the third quarter ended May 31, 2014.
Earnings from ongoing operations for the third quarter of fiscal 2015 were $67.1 million ($0.58 per diluted share), contrast with earnings from ongoing operations of $24.5 million ($0.21 per diluted share) for the third quarter of fiscal 2014.
Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. It operates through five segments: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. The Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products through 29 scrap metal processing facilities to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.
Swift Energy Company (NYSE:SFY)‘s shares gain 2.50% to $2.26, during the current trading session Thursday’s, hitting its highest level.
Swift Energy Company (SFY) declared that it has initiated a process to obtain a new first-lien term loan (the “Projected Term Loan”). The principal amount of the Projected Term Loan is predictable to be $640 million. The loan would mature five years after the closing, which is anticipated to occur in mid-July. The Company anticipates that the Projected Term Loan would be fully drawn at closing.
It is predictable that proceeds of the Projected Term Loan will be used to repay all outstanding borrowings under the Company’s existing revolving credit facility ($263 million outstanding at May 31, 2015), to pay fees and expenses, and for general corporate purposes, counting capital expenditures.
Swift Energy Company, an independent oil and gas company, acquires, explores, develops, and operates oil and gas properties. The company focuses on the Eagle Ford trend of South Texas, in addition to the onshore and inland waters of Louisiana. As of December 31, 2014, it had estimated proved reserves of 193.8 million barrels of oil equivalent. Swift Energy Company was founded in 1979 and is headquartered in Houston, Texas.
Entegris Inc (NASDAQ:ENTG), during its Thursday’s current trading session 0.50% gain and closed at $14.98.
Entegris Inc (ENTG) a leader in yield-enhancing materials and solutions for highly advanced manufacturing environments, declared the first shipments of production quantities of UPE (ultra-high molecular weight polyethylene) membrane from its i2M Center for Advanced Materials Science in Bedford, Massachusetts. UPE membrane is a core material used in high-purity filtration solutions for semiconductor and life sciences applications.
The 80,000 sq. ft. facility opened in June 2014 as a $60 million investment intended to create one of the most advanced facilities of its kind. The investment comprised of an expansion of membrane manufacturing capacity, implementation of advanced process controls and upgraded quality monitoring systems. In addition, the i2M Center is also used to develop and manufacture gas filtration and specialty coatings products.
Entegris, Inc. manufactures and sells a range of products and services for purifying, protecting, and transporting the critical materials used in processing and manufacturing in the microelectronics and other high-technology industries worldwide. The company operates in two segments, Critical Materials Handling and Electronic Materials. The Critical Materials Handling segment provides a range of products that filter, handle, dispense, and protect critical materials used in the semiconductor manufacturing process and in other high-technology manufacturing. This segments products and subsystems comprise high-purity materials packaging, fluid handling and dispensing systems, and liquid filters in addition to microenvironment products that protect critical substrates, such as wafers during shipping and manufacturing.
In an afternoon trade, Navios Maritime Holdings Inc. (NYSE:NM)‘s shares surge 0.52% to $3.88.
Navios Maritime Holdings Inc. (NM) declared that the Company has declared quarterly dividend on its Series G and Series H Preferred Stock.
Quarterly Dividend on Series G Preferred Stock
The Company has declared a cash dividend of $0.546875 per American Depository Share on its 8.75% Series G Cumulative Redeemable Perpetual Preferred Stock, for the period from April 15, 2015 to July 14, 2015. The dividend will be paid on July 15, 2015 to holders of record as of July 8, 2015. The American Depositary Shares are listed on the New York Stock Exchange under the symbol “NMPrG.”
Quarterly Dividend on Series H Preferred Stock
Navios Holdings has also declared a cash dividend of $0.5390625 per American Depository Share on its 8.625% Series H Cumulative Redeemable Perpetual Preferred Stock, for the period from April 15, 2015 to July 14, 2015. The dividend will be paid on July 15, 2015 to holders of record as of July 8, 2015. The American Depositary Shares are listed on the New York Stock Exchange under the symbol “NMPrH.”
Navios Maritime Holdings Inc. operates as a seaborne shipping and logistics company. It focuses on the transportation and transshipment of dry bulk commodities, counting iron ore, coal, and grains. It operates in two segments, Dry bulk Vessel Operations and Logistics Business. The Dry bulk Vessel Operations segment engages in the transportation and handling of bulk cargoes through the ownership, operation, and trading of vessels, freight, and forward freight agreements. This segment charters its vessels to trading houses, producers, and government-owned entities. The Logistics Business segment operates ports and transfer station terminals; handles vessels, barges, and push boats; and operates upriver transport facilities in the Hidrovia region.
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