During Tuesday’s Current trade, Shares of Xylem Inc (NYSE:XYL), lost -1.35% to $33.61.
Xylem Inc. (XYL), a leading global water technology company dedicated to solving the world’s most challenging water issues, stated second quarter 2015 net income of $74 million, or $0.41 per share. Not taking into account restructuring and realignment charges and other special items, adjusted net income was $78 million or $0.43 per share, down 10 percent from the comparable period in 2014, but up two percent not taking into account the impact of foreign exchange translation. Second quarter revenue was $920 million, an enhance of one percent organically, reflecting strength in the commercial and public utility end-markets. Second quarter operating margin was 11.3 percent, down 20 basis points from the preceding year. Adjusted operating margin was 12.0 percent, flat year-over-year not taking into account the 40-basis-point impact of foreign exchange translation. This result reflects volume leverage and lower expenses offset by inflation, the divestiture of a business and unfavorable mix.
Xylem Inc. engages in the design, manufacture, and application of engineered technologies for the water and wastewater applications. The company operates in two segments, Water Infrastructure and Applied Water. The Water Infrastructure segment offers various products, counting water and wastewater pumps, treatment and testing equipment, and controls and systems, in addition to filtration, disinfection, and biological treatment equipment under the Flygt, WEDECO, Godwin, WTW, Sanitaire, YSI, and Leopold names for transportation, treatment, and testing of water and wastewater for public utilities and industrial applications.
Shares of Builders FirstSource, Inc. (NASDAQ:BLDR), inclined 0.83% to $14.66, during its current trading session.
Builders FirstSource, Inc. (BLDR) a leading supplier and manufacturer of structural and related building products for residential new construction in the United States, accomplished its formerly declared acquisition of ProBuild Holdings LLC (“ProBuild”), one of the nation’s largest professional building materials suppliers.
The combination of Builders FirstSource and ProBuild will create a national professional dealer with 2014 combined revenues of about $6.1 billion. The combined company will leverage its nationwide network to better serve its four critical customer segments, counting production builders, custom builders, multi-family/commercial, and repair and remodel. With over 430 locations, the new company will serve 74 of the top 100 metropolitan statistical areas across 40 states.
Builders FirstSource, Inc. manufactures and supplies structural and related building products for residential new construction primarily in the southern and eastern United States. The company offers prefabricated components, counting floor trusses, roof trusses, wall panels, stairs, and engineered wood; and window and door products, such as aluminum and vinyl windows, and pre-hung interior.
DCP Midstream Partners, LP (NYSE:DPM)), during its Tuesday’s current trading session gained 0.31% to $29.58.
DCP Midstream Partners, LP (DPM) declared that the board of directors of its general partner declared a quarterly cash distribution of $0.78 per common unit for the quarter ended June 30, 2015, or $3.12 per unit on an annualized basis. This distribution remains unchanged from the previous quarter and represents an enhance of 3.0 percent over the $0.7575 per unit distribution paid with respect to the second quarter of 2014. This quarterly cash distribution will be paid August 14, 2015, to unitholders of record at the close of business on August 7, 2015.
DCP Midstream Partners, LP, together with its auxiliaries, owns, operates, acquires, and develops a portfolio of midstream energy assets in the United States. It operates through three segments: Natural Gas Services, natural gas liquids (NGL) Logistics, and Wholesale Propane Logistics. The company’s Natural Gas Services segment gathers, compresses, treats, processes, transports, stores, and sells natural gas. The NGL Logistics segment engages in producing, fractionating, transporting, storing, and selling NGLs, and recovering and selling condensate.
Finally, Pitney Bowes Inc. (NYSE:PBI), decreased -0.28%, to $21.07.
Pitney Bowes Inc. (PBI), a global technology company that provides products and solutions that power commerce, stated financial results for the second quarter 2015.
Quarterly Financial Results:
- Revenue of $881 million, a decline of 4 percent on a constant currency basis and a decline of 8 percent as stated. Revenue declined 3 percent as compared to the preceding year when adjusted for the impacts of currency and the divestiture of certain European revenue streams in the preceding year.
- Adjusted EPS of $0.45; GAAP EPS of $0.75. Adjusted EPS comprises a $0.02 negative impact for currency translation during the quarter.
- Free cash flow of $84 million; GAAP cash from operations of $96 million.
Pitney Bowes Inc. provides technology products and solutions in the United States and internationally. The company operates through Small and Medium Business Solutions, Enterprise Business Solutions, and Digital Commerce Solutions segments. The Small and Medium Business Solutions segment is involved in the sale, rental, financing, and servicing of mailing equipment and supplies, software, and postage meters; and provides revolving credit and deposit solutions, and support services. The Enterprise Business Solutions segment offers equipment and services that enable large enterprises to process inbound and outbound mail.
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