On Friday, Timken Co (NYSE:TKR)’s shares declined -0.33% to $33.38.
The Timken Company (TKR), a global leader in bearings, recently stated sales of $728 million for the second quarter of 2015, down 8 percent from a year ago. Not taking into account currency impact of 5 percent, sales were down about 3 percent, primarily due to market-related declines in Mobile Industries that were partially offset by organic growth in Process Industries.
Net income from ongoing operations was $36.7 million or $0.43 per diluted share for the quarter, as compared to $56.5 million or $0.61 per diluted share a year ago. Adjusted net income from ongoing operations (reference Table) was $49.1 million or $0.57 per diluted share. This compares with $59.4 million or $0.65 per diluted share for the same period in 2014. The change in adjusted net income reflects the impact of negative currency and unfavorable volume. This was partially offset by lower material and logistics costs; reduced selling, general and administrative (SG&A) expenses; and a more favorable tax rate. Earnings per share benefited from the company’s share buyback program, with 2 million shares repurchased in the second quarter.
Free cash flow (net cash from operations minus capital expenditures) for the quarter was $64.7 million, or 132 percent of adjusted net income. The strong performance was driven in part by lower working capital.
The Timken Company engineers, manufactures, and markets bearings, transmissions, gearboxes, and chain and related products worldwide. It operates in two segments: Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, lubrication devices, and systems, in addition to power transmission components, engineered chain, augers, and related products and maintenance services to original equipment manufacturers (OEMs) of off-highway equipment for the agricultural, construction, and mining markets.
LifeVantage Corp (NASDAQ:LFVN)’s shares gained 6.48% to $0.575.
LifeVantage Corp (LFVN) which takes an advanced, rounded approach to anti-aging and transformative health. The company makes and markets Protandim and Nrf2 Synergizer, two dietary supplements used to complement external sports-based health regiments created and studied by the company. By investigating all facets of health and wellness while supplementing exercise regiments with its skin care regiments an other health products, LifeVantage capitalizes on several untapped aspects of the personal care market.
The new wave of cosmetics and personal care companies like NUUU and LFVN stand poised to supplant some of the larger players incapable of adapting to advances in research, science, and marketing. With its celebrity associations and a fast track on the international market, NUUU in particular stands apart from the crowd, offering investors a company whose global interests make it primed for possible success.
While several key factors contribute to the success of any great brand, such as a quality product line, inventive advertising, and an practiced leadership team, few companies within this sector achieve widespread success without a growing presence in global markets. Rejuvel Bio-Sciences, Inc. (OTCQB: NUUU), which trades at .59 per share , has recently taken several steps to shore up its global brand appeal, strengthening the foundation of an up-and-coming brand ready to break through as a household name.
LifeVantage Corporation identifies, researches, develops, and distributes nutraceutical dietary supplements and skin care products. It offers Protandim, a scientifically-validated dietary supplement; LifeVantage TrueScience, an anti-aging skin care product; and Canine Health, a companion pet supplement formulated to combat oxidative stress in dogs. The company also provides skin care products, counting ultra gentle facial cleanser, perfecting lotion, eye corrector serum, and other versions of anti-aging cream products under the LifeVantage TrueScience brand name.
At the end of Friday’s trade, Informatica Corporation (NASDAQ:INFA)‘s shares dipped -0.02% to $48.52.
Informatica Corporation (INFA), the world’s number one independent provider of data integration software, recently declared two executive appointments to further strengthen the leadership team. Ginna Raahauge has joined as senior vice president and chief information officer (CIO), reporting to Mike Berry, executive vice president and chief financial officer. Additionally, Jeff Moses will serve as senior vice president of Cloud Sales, reporting to Charles Race, executive vice president of Worldwide Field Operations.
Raahauge brings more than two decades of technology and business leadership experience to her role as CIO at Informatica. Her focus will be on building a world-class IT organization in addition to enhancing the Cloud services. Most recently, Raahauge was the senior vice president and CIO of Riverbed, where she was responsible for efficiently enabling growth by delivering enterprise technology platforms for new business models.
Informatica Corporation provides enterprise data integration software and services worldwide. Its enterprise data integration products comprise PowerCenter, PowerExchange, and Data Integration Hub, in addition to PowerCenter Express, an entry-level data integration and profiling edition for departments or small to mid-market business, and cloud data integration solutions.
CBL & Associates Properties, Inc. (NYSE:CBL), ended its Friday’s trading session with 1.68% gain, and closed at $16.34.
CBL & Associates Properties, Inc. (CBL) declared that it closed on the disposition of Madison Plaza, a 154,000-square-foot community center in Huntsville, AL, for a total cash price of $5.7 million. Earlier in 2015, CBL sold the mall located adjacent to the center. These transactions are part of CBL’s strategy of upgrading its portfolio quality through dispositions of lower growth and non-core properties.
CBL also stepped down four loans totaling $322.7 million using availability under its lines of credit. The weighted average interest rate for the four loans was 5.0%. The loans were secured individually by CherryVale Mall in Rockford, IL, East Towne Mall in Madison, WI, West Towne Mall in Madison, WI, and Brookfield Square in Milwaukee, WI.
CBL & Associates Properties, Inc. is a public real estate investment trust. It engages in acquisition, development, and administration of properties. The fund invests in the real estate markets of United States. Its portfolio comprises of enclosed malls and open-air centers. CBL & Associates Properties is based in Oak Brook, Illinois. CBL & Associates Properties was founded in 1978 and is based in Chattanooga, Tennessee with additional offices in Waltham, Massachusetts; Chesterfield, Missouri; and Irving, Texas.
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