On Tuesday, Donaldson Company, Inc. (NYSE:DCI)’s shares declined -1.06% to $30.81.
Donaldson Company, Inc. (DCI) reported fourth quarter net earnings of $56.3 million, or 41 cents per share1, and full-year net earnings of $208.1 million, or $1.49 per share. Foreign currency translation negatively impacted earnings by $5.4 million in fourth quarter and $14.3 million for the full year, or 7.5 percent and 5.5 percent, respectively. Adjusted earnings per share2 were 45 cents in fourth quarter and $1.58 in full-year 2015. In 2014, GAAP EPS was 50 cents in fourth quarter and $1.76 for the full year. The tables attached to this press release provide a reconciliation of non-GAAP to GAAP measures.
During the year, we responded to reduced Customer demand by initiating restructuring actions, which we expect will generate annual savings of $35 million. At the same time, we continued investing for growth, counting accelerating the expansion of our liquid filtration capabilities in Europe with our new plant in Poland, increasing our aftermarket distribution facilities in Latin America and Eastern Europe, and ongoing the roll-out of our global ERP system.
Donaldson Company, Inc. engages in the manufacture and sale of filtration systems and replacement parts. The company operates through two segments, Engine Products and Industrial Products. The Engine Products segment provides air filtration systems, exhaust and emissions systems, and replacement filters, in addition to liquid filtration systems, counting hydraulics, fuel, and lube.
GameStop Corp. (NYSE:GME)’s shares gained 0.02% to $41.19.
GameStop Corp. (GME), a global family of specialty retail brands that makes the most popular technologies affordable and simple, stated sales and earnings for the second quarter ended August 1, 2015.
Q2 2015 Financial Summary
Total global sales rose 1.8% to $1.76 billion (a 7.4% enhance in constant currency) and merged global comparable store sales raised 8.1% (+10.8% in the U.S. and +1.8% internationally), successfully overlapping the 25% sales growth and 22% comp achieved in the preceding year quarter.
In the video games segments, new hardware sales declined 2.2% (a 3.7% enhance in constant currency), new software sales reduced 6.0% (a 0.7% enhance in constant currency), while pre-owned sales raised 0.5% (a 5.1% enhance in constant currency) driven by an acceleration in next-gen sales as PS4 and Xbox One trades and inventory become a larger part of the overall pre-owned mix.
GameStop Corp. operates as a multichannel video game retailer. It sells new and pre-owned video game hardware; physical and digital video game software; pre-owned and value video game products; video game accessories, such as controllers, gaming headsets, memory cards, and other add-ons for use with video game hardware and software; and digital products, counting downloadable content, network points cards, prepaid digital and online timecards, and digitally downloadable software.
At the end of Tuesday’s trade, Travelers Companies Inc (NYSE:TRV)‘s shares surged 0.05% to $97.54.
The Travelers Companies, Inc. (NYSE: TRV) Chairman and CEO Jay S. Fishman recently sent the following message to Travelers employees:
At every company there comes a time for new leadership. Because of the progression of my neuromuscular condition, this time has come a little earlier than I had hoped. But given the strength of the company and with an exceptional leader in Alan more than prepared to become our CEO, there is good reason to make a change now.
The Travelers Companies, Inc., through its auxiliaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the Unites states and internationally. It operates in three segments: Business and International Insurance; Bond & Specialty Insurance; and Personal Insurance.
Williams Partners LP (NYSE:WPZ), ended its Wednesday’s trading session with 0.43% gain, and closed at $40.04.
Williams (WMB) declared it has placed into service a major expansion of its Transco natural gas pipeline to fuel new electric-power generation in Virginia and serve increasing local distribution demand in North Carolina. Transco is the nation’s largest-volume and fastest-growing interstate natural gas pipeline system with enough transportation capacity to serve the equivalent of more than 50 million households each day in North America.
The approximately $300 million Virginia Southside Expansion is providing 270,000 dekatherms per day (dth/d) of incremental transportation capacity, which is enough gas to serve the equivalent of 1.6 million households. The expansion consists of approximately 100 miles of new, 24-inch diameter pipeline extending from the Transco mainline in Pittsylvania County, Va., and into Halifax, Charlotte, Mecklenburg, and terminating in Brunswick County, Va. Transco placed the majority of the pipe parallel to its own existing pipeline, alongside an existing utility corridor. In addition, Transco added more than 21,000 horsepower of compression at Station 165 in Pittsylvania County, Va.
Williams Partners L.P., an energy infrastructure company, focuses on connecting North America’s hydrocarbon resource plays to growing markets for natural gas and natural gas liquids (NGL). It operates in Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services segments. The Northeast G&P segment comprises midstream gathering and processing businesses in the Marcellus and Utica shale regions; and a 51 percent equity investment in Laurel Mountain Midstream, LLC, in addition to a 47.5 percent equity investment in Caiman Energy II, LLC.
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