During Monday’s Current trade, Shares of Halyard Health Inc (NYSE:HYH), lost -1.12% to $40.63.
Halyard Health, Inc. (HYH) the former healthcare division of Kimberly-Clark KMB, was spun off in late October and started trading as an independent company since Nov 3, 2014 on NYSE. Halyard’s products primarily focus on preventing healthcare-related infections and post-operative pain administration.
Halyard’s infection preventive products have generated strong demand in the U.S. owing to the outbreak of Ebola, which was first diagnosed in the country in late Sep, 2014.
Halyard Health reiterated its fiscal 2015 guidance. Net sales, on a constant currency basis, are predictable to grow in the range of flat to 2%. Adjusted EPS is anticipated in the band of $2.30–$2.50.
Halyard Health, Inc. provides health and healthcare supplies and solutions worldwide. It operates through two segments, Surgical and Infection Prevention (S&IP), and Medical Devices. The S&IP segment offers sterilization wraps, surgical drapes and gowns, facial protection products, protective apparels, and medical exam gloves for the prevention of healthcare associated infections. This segment sells its products under the KIMGUARD ONE-STEP, QUICK CHECK, SMART-FOLD, POWERGUARD, MICROCOOL, FLUIDSHIELD, PURPLE NITRILE, LAVENDER, STERLING, and other brand names.
Shares of Ashford Hospitality Trust, Inc. (NYSE:AHT), declined -0.36% to $8.42, during its current trading session.
Ashford Hospitality Trust, Inc. (AHT) declared several planned initiatives. The Company has analyzed numerous strategies to maximize shareholder value with its select-service hotels counting: raising private capital and forming a joint venture, a spin-off similar to Ashford Hospitality Prime, Inc. (AHP) (“Ashford Prime”), holding the select-service assets indefinitely, and/or selling many or all the select-service assets. After a full analysis of the potential strategies and in response to investor feedback, the Company declared recently that it intends to right away commence the process to list for sale a portfolio of about 23 select-service hotels that are mostly brand-managed and will take an opportunistic approach to selling the remaining select-service hotels in the future. In addition, the Company will redefine its investment strategy to focus predominantly on upper upscale, full-service hotels. The Company’s advisor, Ashford Inc., may separately pursue sponsoring a select-service platform.
Ashford Hospitality Trust, Inc. is a publicly owned real estate investment trust. The firm engages in investment and administration of properties in the hospitality industry. It invests in the real estate markets of the United States. The firm primarily invests in hotels with a focus on the ownership of upper-upscale and upscale full-service and select service hotels in primary, secondary and resort markets. It also invests in mid-scale and luxury hotels. The firm invests across all segments and at all levels of the capital structure, counting direct hotel investments, first mortgages, mezzanine loans, construction loans, and sale-leaseback transactions.
Methode Electronics Inc. (NYSE:MEI), during its Monday’s current trading session decreased -3.26% to $29.41.
Methode Electronics, Inc. ( MEI), a global developer of custom engineered and application specific products and solutions, recently declared financial results for the Fiscal 2015 fourth quarter and year ended May 2, 2015.
Fourth-Quarter Fiscal 2015
Methode’s fourth-quarter Fiscal 2015 net sales grew $2.4 million, or 1.1 percent, to $227.3 million from $224.9 million in the same quarter of Fiscal 2014. Year over year, in the fourth quarter of Fiscal 2015, the strengthening of the US dollar contrast to the Euro had the effect of reducing net sales by $7.5 million, or 3.2 percent.
Net income reduced $21.5 million to $26.6 million, or $0.68 per share, in the fourth quarter of Fiscal 2015 from $48.1 million, or $1.25 per share, in the same period of Fiscal 2014.
Not taking into account the fourth-quarter impacts of goodwill and intangible asset impairments, sales of businesses/investments, and tax credits/valuation allowances, Methode’s Fiscal 2015 fourth-quarter net income was $20.1 million, or $0.51 per share, and Fiscal 2014 fourth-quarter net income was $14.6 million, or $0.38 per share. The details regarding the excluded items follow:
- Goodwill and intangible asset impairments: pre-tax charges of $11.1 million in Fiscal 2015 and $1.7 million in Fiscal 2014;
- Sales of businesses and investments: pre-tax gain of $7.7 million on the sale of Trace Laboratories in Fiscal 2015 and the pre-tax gain on the sale of the Lumidigm investment of $3.2 million in Fiscal 2014; and
- Tax credits and valuation allowances: benefit of $8.6 million in Fiscal 2015 and $32.6 million in Fiscal 2014.
Merged gross margins as a percentage of sales improved to 22.9 percent in the Fiscal 2015 fourth quarter contrast to 19.0 percent in the Fiscal 2014 period as a result of raised efficiencies related to manufacturing improvements at AMD, the Company’s captive molding business, and raised production at the Company’s lower cost Egyptian facility, partially offset by pricing concessions in the Automotive segment and lower gross margins in the Interface and Other segments due to higher development costs.
Methode Electronics, Inc. designs, manufactures, and markets components and subsystem devices in the United States, China, Malta, and internationally. Its Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers, and selling partners and distributors. This segment’s products comprise control switches for electrical power and signals, connectors for electrical devices, integrated control components, torque sensing products, switches and sensors that monitor the operation or status of a component or system, and packaging electrical components.
Finally, 3D Systems Corporation (NYSE:DDD), decreased -1.65%, to $19.73.
3D Systems (DDD) declared that its Cube(R) 3D printers will be placed in every Archdiocesan Catholic elementary and high school in Baltimore, as part of the Archdiocese’s initiative to provide its students with the tools and skills needed for the jobs of tomorrow. Through this groundbreaking district-level partnership, students and educators at each of the Archdiocese’s 49 schools will now have access to cutting-edge 3D design and fabrications tools, in addition to integrated 3D printing curricula, created by STEAMtrax.
3DS also declared that it will now feature STEAMtrax curricula as an integrated part of its education kits, which comprise printers, software, materials and design tools at discounted prices. STEAMtrax’s curricula integrate engineering and 3D printing technologies with core academic knowledge in science, math, language arts, social studies and art. Leveraging the power of 3DS’ printers and scanners, students are engaged in relevant learning scenarios that encourage the essential skills of problem solving, collaboration, communication and critical thinking.
3D Systems Corporation, through its auxiliaries, operates as a provider of 3D printing centric design-to-manufacturing solutions in the Americas, Germany, and the Asia-Pacific, in addition to other European, the Middle East, and African countries. The company’s 3D printers transform data input from the format generated by 3D design software, CAD software, or 3D scanning and sculpting devices to printed parts using integrated, engineered plastic, metal, nylon, rubber, wax, and composite print materials.
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