During Wednesday’s Current trade, Shares of Cloud Peak Energy Inc.(NYSE:CLD), lost -2.18% to $3.59.
Cloud Peak Energy Inc. (CLD), one of the largest U.S. coal producers and the only pure-play Powder River Basin (“PRB”) coal company, declared results for the second quarter and first six months of 2015.
- Second quarter 2015 Adjusted EBITDA of $10.6 million contrast to $45.2 million for the second quarter of 2014.
- Shipments for the second quarter of 2015 were 16.0 million tons, down from 20.6 million tons for the same period in 2014 due to weather-related impacts to the railroads and mines, together with Cordero Rojo Mine transitioning to lower production levels.
- Cost per ton was $10.75 in the second quarter of 2015, increasing from $10.48 in the second quarter of 2014. The higher unit costs were primarily attributed to lower shipments.
- A $33.4 million non-cash impairment charge regarding goodwill from a 1997 acquisition was recorded at the Company’s 8400 Btu Cordero Rojo Mine.
- The final lease by application (“LBA”) payments of $69 million were made in June resulting in no further committed payments going forward.
Cloud Peak Energy Inc., through its auxiliaries, produces coal in the Powder River Basin (PRB) and the United States. The company operates through Owned and Operated Mines, Logistics and Related Activities, and Corporate and Other segments. It produces and sells sub-bituminous thermal coal with low sulfur content primarily to electric utilities operating in the United States and internationally.
Shares of Solera Holdings Inc(NYSE:SLH), inclined 0.83% to $49.90, during its current trading session.
Solera Holdings, Inc. (SLH), a leading provider of risk and asset administration software and services to the automotive and property marketplace, counting the global P&C insurance industry, recently stated results for the fourth quarter and fiscal year.
Results for the Fourth Quarter and Fiscal Year Ended June 30, 2015:
GAAP Results
- Revenue for fiscal year 2015 was $1,140.8 million, a 15.6% enhance over the preceding fiscal year revenue of $987.3 million. On a constant currency basis, revenue for fiscal year 2015 raised by about 22.6% over the preceding fiscal year revenue;
- Revenue for the fourth quarter was $297.1 million, a 10.9% enhance over the preceding year fourth quarter revenue of $267.9 million. On a constant currency basis, revenue for the fourth quarter raised by about 22.5% over the preceding year fourth quarter revenue;
- For fiscal year 2015, we stated a net loss attributable to Solera Holdings, Inc. of $100.8 million, as contrast to the preceding fiscal year net loss attributable to Solera Holdings, Inc. of $8.7 million.
Non-GAAP Results
- Adjusted EBITDA for fiscal year 2015 was $458.0 million, a 10.3% enhance over the preceding fiscal year Adjusted EBITDA of $415.4 million. On a constant currency basis, Adjusted EBITDA for fiscal year 2015 raised by 19.4% over the preceding fiscal year Adjusted EBITDA;
- Adjusted EBITDA for the fourth quarter was $116.0 million, a 5.0% enhance over the preceding year fourth quarter Adjusted EBITDA of $110.5 million. On a constant currency basis, Adjusted EBITDA for the fourth quarter raised by 19.9% over the preceding year fourth quarter Adjusted EBITDA;
- Adjusted EBITDA margin for fiscal year 2015 was 40.1%, a 192 basis point decrease over the preceding fiscal year Adjusted EBITDA margin of 42.1%. On a constant currency basis,
Solera Holdings, Inc. provides software and services to insurance companies, collision repair facilities, independent assessors, automotive recyclers, auto dealers, and households. The company offers estimating and workflow software that manages the overall claims process, estimates the cost to repair a damaged vehicle, and calculates the pre-collision fair market value of a vehicle; and salvage, salvage disposition, and recycling software that connects buyers and sellers through an electronic auction network.
LinnCo LLC(NASDAQ:LNCO), during its Wednesday’s current trading session gained 3.20% to $3.04.
LINN Energy, LLC (LINE) and LinnCo, LLC (LNCO) declared monthly distributions and dividends, respectively.
LINN Energy, LLC declared a monthly cash distribution of $0.1042 per unit, or $1.25 per unit on an annualized basis, for all of its outstanding units. The distribution will be payable September 16, 2015, to unitholders of record as of the close of business on September 11, 2015.
LinnCo, LLC declared a monthly cash dividend of $0.1042 per common share, or $1.25 per share on an annualized basis, for all of its outstanding common shares. The dividend will be payable September 17, 2015, to shareholders of record as of the close of business on September 11, 2015.
As formerly declared, LINN Energy’s administration intends to recommend to its Board of Directors that it suspend LINN Energy’s distribution, and subsequently LinnCo’s dividend, at the end of the third quarter of 2015.
LinnCo, LLC, through its limited liability company interests in Linn Energy, LLC, focuses on the acquisition and development of oil and natural gas properties in the United States. The company was founded in 2012 and is headquartered in Houston, Texas.
Finally, Norfolk Southern Corp.(NYSE:NSC), gained 0.20%, to $78.85.
Norfolk Southern Corporation (NSC) Executive Vice President Finance and Chief Financial Officer Marta R. Stewart will make a presentation during the 2015 Citi Industrials Conference.
What: 2015 Citi Industrials Conference
When: Wednesday, Sept. 16, 2015, 2 p.m. EDT
Where: The Ritz Carlton, Boston Common, Boston, Mass.
Norfolk Southern Corporation, together with its auxiliaries, engages in the rail transportation of raw materials, intermediate products, and finished goods. As of December 31, 2014, it operated about 20,000 miles of road in 22 states and the District of Columbia. The company also operates planned passenger trains; transports overseas freight through various Atlantic and Gulf Coast ports; and provides logistics services.
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