On Tuesday, Dana Holding Corporation (NYSE:DAN)’s shares inclined 1.88% to $17.37.
Dana Holding Corporation (DAN) declared the opening of the Dana Spicer Thailand Gear Plant, established to support the light-vehicle market in Thailand and the Asia-Pacific region. The state-of-the-art gear manufacturing facility in Rayong has created 100 new jobs and provides customers with access to Dana’s global manufacturing resources and technical expertise at a local level, supporting raised customer demand for Spicer® gears in the region.
The 6,450-square-meter (70,000-square-foot) facility represents Dana’s third facility in Rayong and enhances the total size of the company’s footprint on its Rayong campus to nearly 22,000 square meters (237,000 square feet). The facility optimizes Dana’s Asia-Pacific gear manufacturing supply chain as customers continue to grow in the region and request new technologies to support their expansion aims with locally produced solutions, customized for specific market needs.
Dana Holding Corporation manufactures and sells driveline, sealing, and thermal-administration products for vehicle manufacturers in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies.
Mitsubishi UFJ Financial Group Inc (ADR) (NYSE:MTU)’s shares gained 1.44% to $6.32.
MUFG Americas Holdings Corporation parent company of San Francisco-based MUFG Union Bank, N.A. (the Bank), recently stated net income for the quarter of $181 million, contrast with $137 million for the preceding quarter and $244 million for the year-ago quarter.
Highlights:
- Net income for the second quarter was $181 million, up $44 million from the first quarter of 2015 due to an enhance in pre-tax, pre-provision income, partially offset by higher provision for credit losses and income tax expense.
- Credit quality remained strong in the second quarter of 2015 reflected by continued low levels of nonperforming assets and net charge-offs.
- In June 2015, Moody’s Investors Service upgraded MUFG Union Bank, N.A.’s long-term deposit rating to Aa2 from Aa3 and confirmed the Bank’s long-term and short-term senior debt ratings at A2 and P-1, respectively.
Mitsubishi UFJ Financial Group, Inc., through its auxiliaries, provides financial services in Japan and internationally. Its Retail Banking Business Group segment offers a range of banking products and services, counting financial consulting services; deposit products, such as non-interest-bearing deposit accounts; asset administration and administration services; trust products; and other investment products.
At the end of Tuesday’s trade, Trinity Industries Inc (NYSE:TRN)‘s shares surged 3.91% to $26.87.
Trinity Industries, Inc. (TRN) declared earnings results for the second quarter ended June 30, 2015, counting the following noteworthy highlights:
- Second quarter earnings per common diluted share of $1.33 contrast to $1.01 for the second quarter of 2014, a 32% enhance year-over-year.
- Quarterly revenue and net income of $1.68 billion and $212.0 million, respectively, a year-over-year enhance of 13% and 29%, respectively.
- Rail and Inland Barge Groups stated record operating profit during the second quarter.
- Rail Group delivered 8,530 railcars and received orders for 11,170 new railcars during the second quarter, increasing its backlog to $6.90 billion.
- Structural wind towers business received orders totaling $183.9 million, increasing its backlog to $502.6 million.
- Company raised earnings guidance for full year 2015 to between $4.45 and $4.75 per common diluted share contrast to previous guidance of between $4.10 and $4.45 per share.
Business Group Results
In the second quarter of 2015, the Rail Group stated revenues and record operating profit of about $1.11 billion and $227.7 million, respectively, resulting in year-over-year enhances contrast to the second quarter of 2014 of 24% and 29%, respectively. The enhances in revenues and profit were due primarily to higher deliveries, improved pricing, and raised operating efficiencies partially offset by product mix changes. The Rail Group shipped 8,530 railcars and received orders for 11,170 railcars during the second quarter. The Rail Group had a backlog of $6.90 billion as of June 30, 2015, representing 59,830 railcars, contrast to a backlog of $6.81 billion as of March 31, 2015, representing 57,190 railcars.
Trinity Industries, Inc. provides various products and services for the energy, transportation, chemical, and construction sectors in the United States and internationally. Its Rail Group segment offers railcars, counting autorack, box, covered hopper, gondola, intermodal, tank, and open hopper cars; and couplers, axles, and other equipment, in addition to railcar maintenance services. This segment serves railroads, leasing companies, and industrial shippers of various products.
Intuit Inc. (NASDAQ:INTU), ended its Tuesday’s trading session with 0.19% gain, and closed at $88.99.
Dan Wernikoff, executive vice president and general manager of Intuit Inc.’s (INTU) Small Business Group, presented at the Citi Global Technology conference in New York on Sept. 8.
The presentation started at 10:15 a.m. Eastern time.
Intuit Inc. provides business and financial administration solutions for small businesses, consumers, and accounting professionals primarily in the United States, Canada, the United Kingdom, Australia, India, and Singapore.
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