During Monday’s Current trade, Shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI), lost -0.62% to $52.81.
CB&I (CBI) stated the second quarter resulted in strong earnings, improved cash flow and comprising operating performance. Net income for the second quarter was $169.5 million, or $1.55 per diluted share, an enhance of 14 percent from adjusted net income for the comparable period in 2014. Revenues were $3.2 billion, counting a $240 million negative impact attributable to the translation effect of the strong dollar. Net cash offered by operating activities during the second quarter was $95 million. New awards for the second quarter totaled $2.8 billion, and new awards for the first six months totaled $5.9 billion. Backlog remained fairly constant at nearly $29.4 billion, counting an adverse foreign exchange impact of $270 million year to date.
During the quarter, CB&I and its joint venture partners Chiyoda Corporation and Saipem were selected by Anadarko Petroleum Corporation to design and construct process and ancillary infrastructure associated with its LNG development program in Mozambique. CB&I anticipates to book its share of the initial phase of the project in the fourth quarter.
Chicago Bridge & Iron Company N.V. provides conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program administration, and environmental services worldwide. The companys Engineering, Construction and Maintenance segment offers engineering, procurement, and construction services for energy infrastructure facilities, in addition to comprehensive and integrated maintenance services. Its projects comprise nuclear, fossil, and renewable electric generating plants for the power industry; and upstream and downstream process facilities for the oil and gas industry.
Shares of UDR, Inc. (NYSE:UDR), declined -0.04% to $33.79, during its current trading session.
UDR (the “Company”) Second Quarter 2015 Highlights:
- Funds from Operations (“FFO”) per share was $0.41 (+6% year-over-year), FFO as Adjusted per share was $0.42 (+9%), and AFFO per share was $0.38 (+11%).
- Year-over-year same-store (“SS”) revenue and net operating income (“NOI”) growth for the quarter were 5.4 percent and 6.8 percent, respectively.
- As formerly declared, the Company invested $136 million for a 48 percent interest in a $559 million development joint venture that is comprised of five communities, in various stages of construction, on the West Coast. The transaction closed in May 2015 and was right away accretive to FFO per share.
- During the quarter, the Company declared a contract to acquire up to six apartment communities valued at $908 million in the recovering Washington, DC market as part of the Home Properties merger with Lone Star Funds. The transaction is predictable to close in the third or fourth quarter of 2015.
UDR, Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities. The firm was formerly known as United Dominion Realty Trust, Inc. UDR, Inc. was founded in 1972 and is headquartered in Denver, Colorado with additional offices in Dallas, Texas; Houston, Texas; Newport Beach, California; Orlando, Florida; Phoenix, Arizona; Santa Clara, California; Tampa, Florida; and Washington DC, Virginia.
Parker-Hannifin Corporation (NYSE:PH), during its Monday’s current trading session decreased -0.23% to $112.49.
Parker Hannifin Corporation (PH), the global leader in motion and control technologies, declared that it will release its fiscal 2015 fourth quarter and full year earnings before the market opens on Tuesday, August 4, 2015, followed by a conference call at 11:00 a.m., Eastern time. During the call, the company will talk about fiscal 2015 fourth quarter and full year financial performance, guidance for fiscal 2016 and respond to questions from institutional investors and security analysts. The conference call will be webcast simultaneously on Parker`s investor information website at www.phstock.com, with an accompanying slide presentation. The call also will be archived on the site and accessible for replay later that day.
Parker-Hannifin Corporation manufactures and sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. It operates through two segments, Diversified Industrial and Aerospace Systems. The Diversified Industrial segment provides pneumatic, fluidic, and electromechanical components and systems; filters, systems, and diagnostics solutions to monitor and remove contaminants from fuel, air, oil, water, and other liquids and gases; connectors, which control, transmit, and contain fluid; hydraulic components and systems for builders and users of industrial and mobile machinery and equipment; critical flow components for process instrumentation, healthcare, and ultra-high-purity applications, in addition to components for use in refrigeration and air conditioning systems, and in fluid control applications for processing, fuel dispensing, beverage dispensing, and mobile emissions; and static and dynamic sealing devices.
Finally, IDEXX Laboratories, Inc. (NASDAQ:IDXX), gained 0.67%, to $73.22.
IDEXX Laboratories, Inc. (IDXX) will host its 2015 Analyst Day on August 5-6, 2015 at its corporate headquarters in Westbrook, Maine. A live audio webcast and accompanying slide presentations will be accessible at www.idexx.com/investors. An archived webcast replay of the event will be accessible about one hour following each event at www.idexx.com/investors and will remain accessible for 14 days.
On August 5 from 3:30 p.m. to about 4:45 p.m. ET, Jonathan Ayers, Chairman and Chief Executive Officer and Brian McKeon, Executive Vice President and Chief Financial Officer will talk about the overall companion animal diagnostic market, IDEXX’s long-term growth strategy, provide an IDEXX financial overview, and host a question-and-answer session.
IDEXX Laboratories, Inc., together with its auxiliaries, develops, manufactures, and distributes products and services primarily for the companion animal veterinary, livestock and poultry, water testing, and dairy markets worldwide. It operates through Companion Animal Group; Water Quality Products; Livestock, Poultry and Dairy; and Other segments. The company provides point-of-care veterinary diagnostic products, counting instruments, consumables, and rapid assays; veterinary reference laboratory diagnostic and consulting services; practice administration systems and services, and digital imaging systems for veterinarians; and biological materials testing and laboratory animal diagnostic instruments and services for biomedical research community.
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