On Friday, Cameron International Corporation (NYSE:CAM)’s shares declined -0.41% to $50.46.
Cameron (CAM) stated fully diluted earnings per share, not taking into account suspended operations and other costs, of $0.83 for the second quarter of 2015, contrast to $0.95 for the same period of 2014.
Other costs in the second quarter of 2015 amounted to $37 million, or $0.12 per share, as detailed in an accompanying table.
On a GAAP basis, the Company’s fully diluted earnings per share for the second quarter and first six months of 2015 were $0.73 and $0.98, respectively, as contrast to $1.08 and $1.57 for the same periods of 2014.
Cameron International Corporation provides flow equipment products, systems, and services worldwide. The companys Subsea segment offers integrated solutions, products, systems, and services to the subsea oil and gas market, counting integrated subsea production systems involving wellheads, subsea trees, manifolds and flowline connectors, and subsea processing systems. Its Surface segment provides onshore and offshore platform wellhead systems and processing solutions, counting valves, chokes, actuators, Christmas trees, and aftermarket services to oil and gas operators. This segment also offers rental equipment and artificial lift technologies; and products and services involving shale gas production.
Newell Rubbermaid Inc. (NYSE:NWL)’s shares gained 1.12% to $43.28.
Newell Rubbermaid (NWL) declared its second quarter 2015 financial results recently.
Second Quarter 2015 Operating Results
Net sales in the second quarter were $1.56 billion contrast with $1.50 billion in the preceding year. Core sales grew 5.1 percent, not taking into account a 480 basis point net contribution from acquisitions and planned divestitures and a 600 basis point negative impact from foreign currency.
Stated gross margin was 39.8 percent, a 20 basis point improvement as compared to preceding year.
Normalized gross margin improved 10 basis points to 40.0 percent, as benefits from productivity and pricing more than offset the negative impacts of foreign currency and mix from acquisitions.
Second quarter stated operating margin was 13.8 percent and operating income was $214.7 million, contrast with 14.2 percent and $213.3 million, respectively, in the preceding year.
Newell Rubbermaid Inc. manufactures and markets consumer and commercial products worldwide. It operates through five segments: Writing, Home Solutions, Tools, Commercial Products, and Baby & Parenting. The Writing segment offers writing instruments, such as markers and highlighters, pens, and pencils; art products; fine writing instruments; and labeling solutions under the Sharpie, Paper Mate, Expo, Parker, Waterman, and Dymo Office brand names.
At the end of Friday’s trade, Duke Energy Corp (NYSE:DUK)‘s shares surged 1.05% to $74.22.
Following a year of regulatory reviews, approvals and legislative action, Duke Energy Progress and the North Carolina Eastern Municipal Power Agency (NCEMPA) recently accomplished the about $1.25 billion sale of NCEMPA’s generating assets to Duke Energy Progress.
The agreement provides positive benefits to both Duke Energy Progress customers and NCEMPA members.
Preceding to the sale, NCEMPA maintained partial ownership interest in several Duke Energy Progress plants, counting Brunswick Nuclear Plant Units 1 and 2 (Brunswick County), Mayo Plant (Person County), Roxboro Plant Unit 4 (Person County) and the Harris Nuclear Plant (Wake County).
NCEMPA’s ownership interest in these plants represented about 700 megawatts of generating capacity.
The $1.25 billion purchase price comprises NCEMPA’s ownership interest in the plants, fuel inventories, and spare parts in addition to certain adjustments set forth in the asset purchase agreement.
NCEMPA members’ distribution assets are not part of the agreement, and will continue to be owned and maintained by those members.
Duke Energy Corporation, together with its auxiliaries, operates as an energy company in the United States and Latin America. It operates through three segments: Regulated Utilities, International Energy, and Commercial Power. The Regulated Utilities segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, Ohio, Kentucky, and Indiana; and transports and sells natural gas in southwestern Ohio and northern Kentucky.
Cameco Corporation (USA) (NYSE:CCJ), ended its Friday’s trading session with 0.07% gain, and closed at $13.73.
Cameco (CCJ) stated its merged financial and operating results for the second quarter ended June 30, 2015 in accordance with International Financial Reporting Standards (IFRS).
SECOND QUARTER
Net earnings attributed to equity holders this quarter were $88 million ($0.22 per share diluted) contrast to net earnings of $127 million ($0.32 per share diluted) in the second quarter of 2014. In addition to the items noted below, our net earnings were affected by mark-to-market gains on foreign exchange derivatives.
On an adjusted basis, our earnings this quarter were $46 million ($0.12 per share diluted) contrast to $79 million ($0.20 per share diluted) (non-IFRS measure, see section) in the second quarter of 2014. The change was mainly due to:
- higher administrative costs
- a favourable settlement of $28 million with respect to a dispute regarding a long-term supply contract with a utility customer recorded in the second quarter of 2014
partially offset by:
- higher gross profit from uranium and fuel services segments
- settlement costs of $12 million with respect to the early redemption our Series C debentures recorded during the second quarter of 2014
Cameco Corporation produces and sells uranium worldwide. The company operates through Uranium, Fuel Services, and NUKEM segments. The Uranium segment is involved in the exploration for, mining, and milling of uranium concentrates. Its operating uranium properties comprise the McArthur River and Key Lake, Cigar Lake, and Rabbit Lake properties located in Saskatchewan, Canada; the Smith Ranch-Highland property located in Wyoming; the Crow Butte property located in Nebraska; and the Inkai property located in Kazakhstan.
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