On Friday, in the course of current trade, Shares of Hospitality Properties Trust (NYSE:HPT), dropped -0.49%, and is now trading at $26.46.
Hospitality Properties Trust, declared that it will issue a press release containing its second quarter 2015 results before the NYSE opens on Monday, August 10, 2015. Later that morning, at 10:00 a.m. Eastern Time, President and Chief Operating Officer John Murray and Chief Financial Officer Mark Kleifges will host a conference call to talk about these results.
Hospitality Properties Trust, a real estate investment trust (REIT), engages in buying, owning, and leasing hotels. The company’s hotels are operated as Courtyard by Marriott, Residence Inn by Marriott, Staybridge Suites by Holiday Inn, Candlewood Suites, AmeriSuites, Prime Hotels and Resorts, Homestead Studio Suites, TownePlace Suites by Marriott, and SpringHill Suites by Marriott or Marriott Hotels and Resorts.
During an Afternoon trade, Shares of TriMas Corp (NASDAQ:TRS), climbed 0.70%, and is now trading at $17.16.
TriMas Corporation, declared that TriMas administration is planned to present at the Jefferies 2015 Industrials Conference on Tuesday, August 11, 2015 at 9:20 a.m. ET in New York.
TriMas Corporation designs, manufactures, and distributes engineered and applied products for commercial, industrial, and consumer markets worldwide. Its Packaging segment offers steel and plastic closure caps, drum enclosures, and specialty plastic closures, in addition to dispensing systems, such as foamers, pumps, and specialty sprayers to store, transport, process, and dispense products for agricultural, beverage, cosmetic, food, household products, industrial, medical, nutraceutical, personal care, and pharmaceutical markets.
Shares of VF Corp (NYSE:VFC), during its Friday’s current trading session fell -0.58%, and is now trading at $75.61.
VF Corporation, stated financial results for its second quarter ended July 4, 2015. All per share amounts are presented on a diluted basis. This release refers to “stated” and “currency neutral” (a non-GAAP financial measure) amounts, terms that are described under the “Currency Neutral – Not taking into account the Impact of Foreign Currency” paragraph. Unless otherwise noted, currency neutral and stated amounts are the same.
“Our second quarter was another strong illustration of the ability of our global, diverse and powerful brands and platforms to deliver compriseent, profitable growth,” said Eric Wiseman, VF Chairman and Chief Executive Officer. “Our strategy for continued growth and fueling our momentum is working: Keep the consumer at the center of everything we do; deliver innovative and relevant product; and focus our execution and discipline to maximize long-term growth opportunities.”
V.F. Corporation designs, manufactures, markets, and distributes branded lifestyle apparel, footwear, and accessories in the United States and Europe. The company offers outdoor apparel, footwear and equipment, youth culture/action sports-inspired footwear, handbags, luggage, backpacks, totes, accessories, merino wool socks, womens activewear, and travel accessories under the The North Face, Vans, Timberland, Kipling, Napapijri, Jansport, Reef, Smartwool, Eastpak, lucy, and Eagle Creek brands.
Finally, PBF Energy Inc (NYSE:PBF), gained 0.09% Friday.
PBF Energy, stated second quarter 2015 Operating Income, not taking into account special items, of $167.8 million as compared to Operating Income of $87.9 million for the second quarter of 2014. Special items in the second quarter 2015 results comprise a net, non-cash, after-tax $63.4 million lower-of-cost-or-market (“LCM”) inventory adjustment which raised operating income. Adjusted Fully-Converted Net Income for the second quarter 2015, not taking into account special items, was $80.5 million, or $0.88 per share on a fully exchanged, fully diluted basis, as described below, contrast to Adjusted Fully-Converted Net Income of $34.2 million, or $0.35 per share, for the second quarter 2014. On a GAAP basis, the company stated a second quarter 2015 Net Income of $158.5 million, and Net Income attributable to PBF Energy Inc. of $135.8 million or $1.58 per share. This compares to GAAP Net Income of $45.8 million, and Net Income attributable to PBF Energy Inc. of $21.0 million or $0.29 per share for the second quarter 2014. PBF Energy’s financial results reflect the consolidation of the financial results of PBF Logistics LP (PBFX), a master limited partnership of which PBF indirectly owns the general partner and about 53.8% of the limited partner interests as of quarter-end.
Tom Nimbley, PBF Energy’s CEO, said, “The second quarter of 2015 was another in a string of positive quarters for PBF’s East Coast refineries. We feel that the East Coast is proving itself to be a compriseent and reliable earner for the company and that our results reflect its valuable contribution. Our Mid-Continent results were as predictable given the down-time during the quarter and Toledo missed an opportunity given the market environment.” Mr. Nimbley remarked, “Across our refineries we practiced higher input cost as compared to the preceding quarter which were partially offset by improved margins in both the Mid-Continent and East Coast markets. Economics for rail-delivered crudes remained challenged throughout the quarter and we relied on our sourcing flexibility to maximize our use of more economic waterborne barrels.”
PBF Energy Inc., together with its auxiliaries, engages in the refining and supply of petroleum products. It produces gasoline, ultra-low-sulfur diesel, heating oil, jet fuel, lubricants, petrochemicals, and asphalt, in addition to unbranded transportation fuels, heating oil, petrochemical feedstocks, and other petroleum products.
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