During Wednesday’s Current trade, Shares of Jacobs Engineering Group Inc (NYSE:JEC), lost -1.38% to $43.73.
Jacobs Engineering Group Inc. (JEC) declared that it was awarded a five-year, multiple use contract by Suncor Energy Services Inc. for turnaround services at Suncor facilities located in the Wood Buffalo region of Alberta, Canada.
Under the terms of the contract, Jacobs may provide pre-work, execution and post-work for turnaround events during planned outages at Suncor facilities. Turnaround services to be offered under this contract comprise mechanical, piping and support services.
Jacobs Engineering Group Inc. provides technical, professional, and construction services to various industrial, commercial, and governmental clients. It offers project services that comprise engineering, design, architectural, interiors, planning, environmental, and other services; and process, scientific, and systems consulting services, counting services performed in connection with scientific testing, analysis, and consulting activities, in addition to information technology, and systems engineering and integration activities.
Shares of Teekay Tankers Ltd. (NYSE:TNK), declined -6.24% to $6.46, during its current trading session.
Teekay Tankers Ltd. (TNK) stated adjusted net income attributable to its shareholders (1) of $41.3 million, or $0.35 per share, for the quarter ended June 30, 2015, contrast to an adjusted net loss of $4.1 million, or $0.05 per share, for the same period in the preceding year. The enhance is primarily due to stronger spot tanker rates in the second quarter of 2015 contrast to the same period in the preceding year, an enhance in fleet size due to the acquisition of the four Long Range 2 (LR2) product tankers and one Aframax tanker in the first quarter of 2015 and the addition of the nine in-chartered vessels that delivered to the Company during 2014 and the first half of 2015. Adjusted net income attributable to shareholders excludes a number of specific items that had the net effect of increasing net income attributable to shareholders by $3.0 million, or $0.03 per share, and by $8.7 million, or $0.10 per share, for the three months ended June 30, 2015 and 2014, respectively, as detailed in Appendix A to this release. Counting these items, the Company stated, on a GAAP basis, net income attributable to its shareholders of $44.2 million, or $0.38 per share, and $4.6 million, or $0.05 per share, for the three months ended June 30, 2015 and 2014, respectively. Net revenues(3) were $104.0 million and $40.8 million for the three months ended June 30, 2015 and 2014, respectively.
During the second quarter of 2015, the Company generated $57.9 million, or $0.50 per share, of free cash flow(2), contrast to $9.2 million, or $0.11 per share, in the second quarter of 2014, due to higher average spot rates earned and an enhance in the size of the Company’s fleet. On July 2, 2015, Teekay Tankers declared a dividend of $0.03 per share for the second quarter of 2015, which was paid on July 31, 2015 to all shareholders of record on July 17, 2015. Since the Company’s inception, it has declared dividends in 31 successive quarters.
Teekay Tankers Ltd. is engaged in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers worldwide. As of December 31, 2014, it owned 27 double-hulled conventional oil tankers, time-chartered in 8 Aframax tankers, and 4 long range 2 product tankers from third parties; and owned a 50% interest in 1 very large crude carrier.
Vantage Drilling Company (NYSEMKT:VTG), during its Wednesday’s current trading session gained 0.13% to $0.160.
Vantage Drilling Company (VTG) reports net income for the three months ended June 30, 2015 of $25.0 million or $.07 per diluted share as contrast to earnings of $10.2 million or $.03 per diluted share for the three months ended June 30, 2014.
The three months ended June 30, 2015 comprises about $5.6 million of gains on the early retirement of debt as contrast to a loss on the early retirement of debt of $1.4 million in the preceding year. The strong operating results for the second quarter also required us to re-evaluate our effective tax rate for the year and combined with tax impact of the early retirement of debt resulted in a $2.7 million favorable adjustment to our tax provision as contrast to a $3.5 million unfavorable adjustment in the second quarter 2014. Adjusting for these items, pro forma net income for the three months ended June 30, 2015 was about $16.6 million or $.05 per diluted share as contrast to $15.1 million or $.05 per diluted share for the three months ended June 30, 2014.
The total debt retirement for the first half of 2015, counting planned maturities and open market purchase of debt, totaled about $140.0 million at face value. Following the end of the quarter, we continued to acquire debt in the open market and have stepped down about $150.0 million of debt year to date with an annualized interest savings of about $9.7 million.
Vantage Drilling Company, through its auxiliaries, provides offshore contract drilling services in the United States and internationally. It offers drilling units, related equipment, and work crews under contract to drill oil and natural gas wells. The company also provides construction supervision and operations administration services for drilling units owned by others. As of March 6, 2015, it owned a fleet of seven drilling units, counting three ultra-deepwater drillships and four ultra-premium jackup rigs.
Finally, Constellium NV (NYSE:CSTM), decreased -3.48%, to $6.38.
Constellium N.V. (CSTM) stated results for the second quarter ended June 30, 2015. Highlights below are in comparison to the second quarter of 2014.
Constellium’s second quarter 2015 results comprise a record Adjusted EBITDA in our AS&I segment and better than anticipated results in our A&T business. We also achieved record shipments and Adjusted EBITDA in P&ARP due to the acquisition of Wise Metals in January 2015.
Revenues for the second quarter 2015 were €1.375 billion, an enhance of 49% from the second quarter 2014, of which €308 million were contributed by Muscle Shoals. Adjusted EBITDA was €93 million, counting €19 million from Muscle Shoals. This is an enhance of 15% from the second quarter 2014 Adjusted EBITDA of €81 million. For the six months ended June 30, 2015, Constellium stated Adjusted EBITDA of €188 million, counting €44 million from Muscle Shoals contrast to €152 million for the same period in 2014. Second quarter 2015 shipments were 386k metric tons, an enhance of 38% from second quarter 2014, of which 111k metric tons were contributed by Muscle Shoals. Adjusted EBITDA per metric ton for the second quarter 2015 was €241 contrast to €291 for the second quarter 2014.
Constellium N.V. is engaged in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the aerospace, packaging, and automotive end-markets. The company operates in three segments: Aerospace & Transportation, Packaging & Automotive Rolled Products, and Automotive Structures & Industry.
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