On Thursday, Shares of Sabre Corp (NASDAQ:SABR), lost -2.41% to $29.50.
Sabre Corporation, declared financial results for the quarter ended September 30, 2015.
“In the third quarter we delivered strong financial results while doing great work to integrate Abacus. Sabre’s expanding global footprint, strong customer bookings growth and new product innovation are key to driving our performance,” said Tom Klein, Sabre president and CEO. “Travel Network revenue raised 22.1% in the quarter. Our new, wholly-owned Asia-Pacific business was a big factor, underpinned with ongoing strong booking growth of 6.3% in North America and 15.5% in EMEA. In Airline and Hospitality Solutions, revenue and Adjusted EBITDA raised 4.9% and 4.4%, respectively. Our third quarter results keep us on track to deliver on our full-year objectives.”
Q3 2015 Financial Summary
Sabre merged third quarter revenue raised 16.7% to $785.0 million, contrast to $672.5 million for the same period last year.
Income from ongoing operations totaled $123.1 million, contrast to $41.2 million in the third quarter of 2014. The improvement in income from ongoing operations comprises gains totaling $97.7 million related to the acquisition of Abacus. Merged Adjusted EBITDA was $241.7 million, a 12.1% improvement from $215.5 million in the preceding year third quarter. The improvement in merged Adjusted EBITDA is the result of Adjusted EBITDA improvements of 19.3% in Travel Network and 4.4% in Airline and Hospitality Solutions, respectively.
For the quarter, Sabre stated income from ongoing operations of $0.44 per share. Adjusted net income from ongoing operations (Adjusted EPS) raised 26.1% to $0.29 per share.
Sabre Corporation provides technology solutions to the travel and tourism industry worldwide. It operates in two segments: Travel Network, and Airline and Hospitality Solutions. The Travel Network segment operates a business-to-business travel marketplace that offers travel content, such as inventory, prices, and availability from a range of travel suppliers, counting airlines, hotels, car rental brands, rail carriers, cruise lines, and tour operators, with a network of travel buyers comprising online and offline travel agencies, travel administration companies, and corporate travel departments.
Shares of E I Du Pont De Nemours And Co (NYSE:DD), declined -0.02% to $63.35, during its last trading session.
DuPont Protection Technologies (DuPont), reaffirmed its global efforts to defend against unauthorized and illegal use of its trademarks, especially when counterfeiters jeopardize the safety of end-users.
As the owner of iconic brands such as DuPont(TM) Kevlar(R), DuPont(TM) Nomex(R) and DuPont(TM) Tyvek(R), DuPont has handled over 700 cases of trademark infringement in the last year, counting 19 counterfeit cases. Most of the cases are resolved extra-judicially, however more than two-dozen cases around the world have already been closed through successful legal actions.
In the same timeframe, more than a dozen companies have signed new licensing agreements with DuPont authorizing their use of the DuPont(TM) Kevlar(R) brand, which celebrates its 50th anniversary this year. Many customers and licensees continue to innovate with the company’s world-renown advanced materials.
E I. du Pont de Nemours and Company operates as a science and technology based company worldwide. The company’s Agriculture segment offers corn hybrid, soybean, canola, sunflower, sorghum, inoculants, seed products, wheat, rice, herbicides, fungicides, and insecticides.
Finally, Shares of Mosaic Co (NYSE:MOS), ended its last trade with 0.29% gain, and closed at $34.66.
Mobi724 Global Solutions Inc., declares that it has successfully accomplished the acquisition of the remaining 49% tranche of Solutions Inc. The Company had initially attained a 51% controlling interest in Solutions Inc. in July 2013. This transaction renders Solutions Inc. a wholly owned partner of the Company.
Stephane Boisvert, Chairman of the Board stated: “As one of the instigators of the initial transaction 2 years ago, I am very happy as this transaction will bring the digital couponing solution, which is now core to our suite of solutions and which is already generating revenue from multiple global brands in various countries, 100% under the Company’s control.”
The purchase price for the remaining 49% shares of Solutions Inc. represents 20.70% of the aggregate total issued and outstanding shares of the Company as of the 19th of October 2015 (the “Purchase Price”) after issuance of shares to the remaining shareholders of Solutions Inc. (the “Remaining Shareholders of Solutions Inc.”). At closing, the Remaining Shareholders of Solutions Inc. received 14,493,074 common shares of the Company which represents 20.70% of the aggregate total issued and outstanding shares of the Company as of the 19th of October 2015. The Purchase Price is subject to a pre-defined anti-dilution provision with a cap of 18.05% of the total issued and outstanding shares of the Company. The anti-dilution provision covers the current $3,200,000 round of financing, which the Company is seeking to raise and all outstanding debentures that are slated to be converted at year’s end counting the debentures converted on October 20, 2015.
The Mosaic Company produces and markets concentrated phosphate and potash crop nutrients for the agricultural industry worldwide. It operates through two segments, Phosphates and Potash. The Phosphates segment owns and operates mines in Florida.