During Tuesday’s Current trade, Shares of Oshkosh Corporation (NYSE:OSK), lost -0.73% to $38.11.
Oshkosh Corporation (OSK) stated fiscal 2015 third quarter net income of $89.9 million, or $1.13 per diluted share, contrast to $105.1 million, or $1.22 per diluted share, in the third quarter of fiscal 2014. Fiscal 2014 third quarter adjusted1 net income was $105.7 million, or $1.23 per diluted share, not taking into account an after-tax, other post employment benefits (OPEB) curtailment gain of $6.2 million related to declared workforce reductions in the Company’s defense segment and after-tax costs of $6.8 million resulting from a reduction in eligible OPEB costs under historical cost-plus government contracts. As predictable, fiscal 2015 third quarter results were positively influenced by $0.09 per share due to tax audit settlements and expiration of statutes of limitations and negatively influenced contrast to the preceding year quarter by $0.11 per share from currency translation, particularly the euro and Australian dollar, which declined against the U.S. dollar. Comparisons in this press release are to the corresponding period of the preceding year, unless otherwise noted.
Merged operating income in the third quarter of fiscal 2015 was $136.6 million, or 8.5 percent of sales, contrast to $174.3 million, or 9.0 percent of sales, in the preceding year third quarter. Fiscal 2014 third quarter adjusted1 merged operating income was $175.3 million, or 9.0% of sales, not taking into account before-tax OPEB adjustments that netted to $1.0 million. Lower operating income in the Company’s access equipment and defense segments on lower sales during the third quarter of fiscal 2015 resulted in the lower merged operating income.
Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. Its Access Equipment segment offers aerial work platforms and telehandlers used in construction, agricultural, industrial, institutional, and general maintenance applications. This segment also offers towing and recovery equipment, and carriers and wreckers; and installs equipment and sells chassis and service parts, in addition to offers rental fleet loans and leases, and floor plan and retail financing through third-party funding arrangements.
Shares of HSBC Holdings plc (ADR) (NYSE:HSBC), declined -1.14% to $44.93, during its current trading session.
HSBC Bank USA, N.A. (HSBC) has depended on the support of its customers, shareholders and employees throughout its history. To mark the 150th anniversary HSBC wants to say ‘thank you’, by making a US$150m fund accessible to community projects and local charities over three years (2015-2017).
More than 50,000 HSBC employees voted on charitable themes in 2014. There were three clear winners: young people and their education; medical welfare and research; and the environment and wildlife.
HSBC’s regional administration teams have carefully selected over 140 charities worldwide to benefit from the funding. Each organisation will provide a positive and sustainable change in their area of focus. The selection of charities is based on employee votes by region.
HSBC Holdings plc provides banking and financial products and services. It operates through four businesses Retail Banking and Wealth Administration, Commercial Banking, Global Banking and Markets, and Global Private Banking. The company’s Retail Banking and Wealth Administration business offers a range of personal banking products and services, counting current and savings accounts, mortgages and personal loans, credit cards, debit cards, and local and international payment services; and wealth administration services comprising insurance and investment products, asset administration services, and financial planning services.
Sempra Energy (NYSE:SRE), during its Tuesday’s current trading session gained 0.54% to $102.89.
Sempra Energy (SRE) awarded $1,000,000 in grants to over 87 regional safety partners as part of SAFE San Diego, a SDG&E philanthropic initiative aimed at supporting non-profit organizations dedicated to disaster preparedness, emergency response training, wildfire education, and defensible space assistance programs.
Sempra Energy operates as an energy services holding company worldwide. The company’s San Diego Gas & Electric Company segment transmits and distributes electricity and/or natural gas. As of February 23, 2015, this segment offered energy service about to 3.4 million consumers through 1.4 million electric meters and 878,000 natural gas meters in San Diego and southern Orange counties. Its Southern California Gas Company segment transmits, distributes, and stores natural gas. As of February 6, 2015, this segment served about to 21 million consumers through 5.8 million meters in 500 communities.
Finally, Pattern Energy Group Inc (NASDAQ:PEGI), decreased -3.54%, to $21.28.
Pattern Energy Group Inc. (PEGI) declared it has accomplished the acquisition of the remaining 170 megawatt (MW) ownership interests in the 283 MW Gulf Wind power facility in Kenedy County, Texas from Pattern Energy Group LP (“Pattern Development”) and MetLife Capital LP.
The Gulf Wind facility comprises of 118 wind turbines and has the capacity to generate 283 MW of energy, the power equivalent to the annual energy usage of about 80,000 Texas homes.
Pattern Energy Group Inc., an independent power company, owns and operates power projects in the United States, Canada, and Chile. As of March 2, 2015, the company owned interests in 12 wind power projects with the capacity of 1,636 megawatts. It sells electricity primarily to local utilities. Pattern Energy Group Inc. was founded in 2012 and is headquartered in San Francisco, California.
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