On Friday, Memorial Production Partners LP (NASDAQ:MEMP)’s shares declined -4.83% to $10.44.
Memorial Production Partners LP (MEMP) declared that the board of directors of its general partner declared a cash distribution of $0.55 per unit for the second quarter of 2015. This distribution represents an annualized amount of $2.20 per unit and will be paid on August 12, 2015 to unitholders of record as of the close of business on August 5, 2015.
Memorial Production Partners LP, through its partner, engages in the acquisition, development, exploitation, and production of oil and natural gas properties. Its properties comprise of operated and non-operated working interests in producing and undeveloped leasehold acreage, and working interests in identified producing wells located in Texas, Louisiana, Colorado, Wyoming, New Mexico, and offshore Southern California.
Community Health Systems(NYSE:CYH)’s shares dropped -1.56% to $58.51.
Community Health Systems, Inc. (CYH) declared that auxiliaries of the Company have accomplished the sale of substantially all of the assets of Payson Regional Medical Center in Payson, Arizona, and related outpatient services to Banner Health. The transaction follows the termination of a lease agreement with Mogollon Health Alliance and is effective July 31, 2015.
The Company does not expect the transaction to have a meaningful impact on financial operations. With the divestiture of Payson Regional Medical Center, auxiliaries of the Company continue to operate three hospitals in Arizona.
Community Health Systems, Inc., together with its auxiliaries, provides general and specialized hospital healthcare services to patients in the United States. The company operates general acute care hospitals that offer a range of inpatient and outpatient medical and surgical services, such as general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, in addition to skilled nursing and home care services based on individual community needs.
At the end of Friday’s trade, Unilife Corp(NASDAQ:UNIS)‘s shares dipped -0.56% to $1.76.
Unilife Corporation ( UNIS), a developer, manufacturer and supplier of injectable drug delivery systems, recently declared the implementation of a multifaceted financing strategy that provides the Company with flexibility and control to support its continued business growth.
Unilife has signed an equity purchase agreement for up to $45 million with Lincoln Park Capital Fund, LLC (“LPC”), a Chicago-based institutional investor, which provides the Company with $5 million in initial net proceeds and the option to generate, at its sole control and discretion, up to $40 million in additional net proceeds over 24 months. Unilife has also implemented a $25 million At-the-Market facility with Cantor Fitzgerald that can be used at the Company’s discretion.
Unilife Corporation designs, manufactures, and supplies injectable drug delivery systems in the United States and internationally. The company offers Unifill, a pre-filled syringe with integrated, automatic, and user-controlled retraction; Unifill Finesse, an integrated, automatic, and user-controlled retraction with standard plunger seal and plunger rod; Unifill Select, which allows an end-user to select and attach a needle at the time of injection; Unifill Nexus that is equipped with an integrated luer adapter to provide connectivity with needleless luer access devices; and Unifill Allure, which combines universal luer connectivity with automatic, user-controlled needle retraction.
Air Products & Chemicals, Inc. (NYSE:APD), ended its Friday’s trading session with 0.12% gain, and closed at $142.51.
Air Products (APD) stated net income of $359 million*, up 14 percent* as compared to preceding year, and diluted earnings per share (EPS) of $1.65*, up 13 percent* as compared to preceding year for its fiscal third quarter ended June 30, 2015.
On a GAAP basis, net income and diluted EPS from ongoing operations were $319 million and $1.47, respectively, for the quarter.
*The results and guidance in this release, unless otherwise indicated, are based on non-GAAP ongoing operations. A reconciliation of GAAP to non-GAAP results can be found at the end of this release.
Third quarter sales of $2,470 million reduced six percent as compared to preceding year, as underlying sales growth of four percent was offset by unfavorable currency and lower energy pass-through. Volumes raised three percent, primarily in Industrial GasesAsia, Materials Technologies and the LNG business, and pricing was up one percent.
Operating income of $482 million raised 17 percent as compared to preceding year, and operating margin of 19.5 percent improved 380 basis points, driven by cost performance, higher pricing and higher volumes. Adjusted EBITDA of $758 million raised nine percent over preceding year, and EBITDA margin of 30.7 percent improved 430 basis points, reflecting strong operating leverage.
Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, performance materials, equipment, and services worldwide. The company operates in Merchant Gases, Tonnage Gases, Electronics and Performance Materials, and Equipment and Energy segments. The Merchant Gases segment sells atmospheric gases, such as oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, and carbon dioxide; specialty gases; temporary gas supply services; and equipment for the metals, glass, electronics, chemical processing, food processing, healthcare, general manufacturing, and petroleum and natural gas industries.
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