On Thursday, Shares of Vale S.A. (NYSE:VALE), gained 9.54% to $7.12, keeping on its gains from yesterday’s session following the company’s record first quarter output.
The Brazilian iron ore producer declared that it produced 77.4 million metric tons of iron ore in the first quarter, which is a 4.5% year-over-year rise.
Vale said the production of iron-ore pellets, which sells at higher prices than the regular ore, was up 15% to 11.4 million tons.
Nickel output rose to a first quarter record of 69,200 tons, and copper output surged 21% to a record 107,20 tons.
Vale S.A., together with its auxiliaries, engages in the research, production, and sale of iron ore and pellets, nickel, fertilizer, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals in Brazil and internationally.
Shares of Domino’s Pizza, Inc. (NYSE:DPZ), gained 9.45% to $109.23, during its last trading session, hitting it highest level.
Domino’s Pizza, declared results for the first quarter of 2015, comprised of strong same store sales results and store count growth, which resulted in robust EPS growth. Domestic same store sales grew 14.5% during the quarter as compared to the year-ago period, ongoing the positive sales momentum in the Company’s domestic business. The international division also posted strong results with quarterly same store sales growth of 7.8%, marking the 85th successive quarter of international same store sales growth. The Company had global net store growth of 110 stores in the first quarter of 2015.
Diluted EPS was 81 cents for the first quarter, which was up 14.1% over the Company’s stated EPS in the preceding year quarter, and up 19.1% over the Company’s adjusted EPS in the preceding year quarter. During the quarter, the Company repurchased 290,877 shares of its common stock for about $29.5 million. The Board of Directors also declared a 31-cent per share quarterly dividend for shareholders of record as of June 15, 2015, to be paid on June 30, 2015.
Domino’s Pizza, Inc., through its auxiliaries, operates as a pizza delivery company in the United States and internationally. The company operates through three segments: Domestic Stores, Supply Chain, and International Franchise.
At the end of Thursday’s trade, Shares of Cliffs Natural Resources Inc. (NYSE:CLF), gained 9.45% to $5.56.
Communications Sales & Leasing Inc. (NASD:CSALV) will replace Cliffs Natural Resources, in the S&P MidCap 400 after the close of trading on Friday, April 24. S&P MidCap 400 constituent Windstream Holdings Inc. (WIN) is spinning off Communications Sales & Leasing in a transaction predictable to be accomplished on or about that date pending final conditions. Windstream will remain in the S&P MidCap 400 following the spin-off transaction. Cliff Natural Resources has a market capitalization below $800 million and is no longer representative of the mid-cap market space.
Communications Sales & Leasing is a publicly traded, real estate investment trust (REIT) primarily engaged in the ownership, acquisition and leasing of communication distribution systems. Headquartered in Little Rock, Arkansas, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Specialized REITs Sub-Industry index.
Cliffs Natural Resources Inc., a mining and natural resources company, produces iron ore and metallurgical coal. It operates five iron ore mines that produces iron ore pellets in Michigan and Minnesota; Koolyanobbing complex situated in northeast of the town of Southern Cross, which produces lump and fines iron ore; and two metallurgical coal mines located in Alabama and West Virginia.
Finally, Reliance Steel & Aluminum Co. (NYSE:RS), ended its last trade with 9.10% gain, and closed at $62.69.
Reliance Steel & Aluminum, stated its financial results for the first quarter ended March 31, 2015.
First Quarter 2015 Financial Highlights
- Sales were $2.61 billion, up 2.4% from $2.55 billion in the first quarter of 2014 and up 1.5% from $2.58 billion in the fourth quarter of 2014.
- Tons sold were up 0.8% from the first quarter of 2014 and up 5.1% from the fourth quarter of 2014, with the average selling price per ton sold up 0.9% from the first quarter of 2014 and down 3.6% from the fourth quarter of 2014.
- Net income attributable to Reliance was $101.3 million, up 16.2% from $87.2 million in the first quarter of 2014 and up 9.8% from $92.3 million in the fourth quarter of 2014.
- Earnings per diluted share were $1.30, up 17.1% from $1.11 in the first quarter of 2014 and up 10.2% from $1.18 in the fourth quarter of 2014.
- Non-GAAP earnings per diluted share were $1.30, up 9.2% from $1.19 in the first quarter of 2014 and up 28.7% from $1.01 in the fourth quarter of 2014.
- A pre-tax LIFO credit, or income, of $7.5 million, is comprised of in cost of sales contrast to a pre-tax LIFO charge, or expense, of $5.0 million in the first quarter of 2014 and an expense of $24.5 million for the fourth quarter of 2014.
- The effective tax rate was 31.7% contrast to 34.5% in the first quarter of 2014 and 26.6% in the fourth quarter of 2014.
- Cash flow from operations was $171.4 million, up from $68.8 million for the first quarter of 2014, and net debt-to-total capital was 36.3% at March 31, 2015.
- Repurchased $184.9 million of Reliance common stock, or 4% of shares outstanding at December 31, 2014.
- Quarterly cash dividend raised to $0.40 per share during the quarter.
Reliance Steel & Aluminum Co. operates as a metals service center company. The company provides metals processing services and distributes a line of about 100,000 metal products, counting alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products.
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