On Friday, Thor Industries, Inc. (NYSE:THO)’s shares declined -6.28% to $57.59.
Thor Industries, Inc. (THO) declared record sales and net income from ongoing operations for the third quarter ended April 30, 2015, contrast with very strong results from the third quarter of fiscal 2014.
Third-Quarter Highlights:
- Sales from ongoing operations for the third quarter of fiscal 2015 were $1.17 billion, up 12% from $1.05 billion in the third quarter last year, as sales of both towable and motorized RVs posted gains from a year ago. Towable results for the third quarter of fiscal 2015 comprised of the impact of the acquisitions of K-Z, Cruiser RV, LLC and DRV, LLC, which were not comprised of in the third quarter of fiscal 2014.
- Gross profit margins raised to 14.2% in the third quarter of fiscal 2015 contrast to 13.6% in the prior-year period. Gross margins in the third quarter of fiscal 2015 improved largely as a result of raised fixed cost absorption and improvements in labor and warranty costs as a percent of sales in the motorized segment.
- Net income from ongoing operations for the third quarter was $63.6 million, up 15% from $55.1 million in the prior-year third quarter. Counting the suspended operations of Thor’s Bus business, net income for the third quarter was $62.8 million, up 14% from $55.1 million in the third quarter of fiscal year 2014.
Thor Industries, Inc., through its auxiliaries, designs, manufactures, and sells a range of recreational vehicles, and related parts and accessories in the United States and Canada. It operates through two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles.
Cognizant Technology Solutions Corp (NASDAQ:CTSH)’s shares gained 0.20% to $64.60.
Cognizant Technology Solutions Corp (CTSH) declared that Lumenis Ltd. (LMNS), the world’s largest energy-based medical device company for aesthetic, surgical and ophthalmology applications, has deployed Cognizant MedVantage™, a cloud-based integrated complaint handling solution.
Lumenis’ ground-breaking products using laser, intense pulsed light (IPL) and radio frequency (RF) technologies have redefined medical treatments and set numerous technological and clinical benchmarks and standards. By utilizing Cognizant’s MedVantage™ Complaint Administration Solution, device and other issues are automatically and precisely tracked, classified and maintained online from start to finish for improved service, efficiency and reporting.
Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. Its consulting and technology services comprise IT strategy consulting, program administration consulting, operations improvement consulting, strategy consulting, and business consulting services; and application design and development, systems integration, enterprise resource planning, and customer relationship administration implementation services.
At the end of Friday’s trade, Nuance Communications Inc. (NASDAQ:NUAN)‘s shares surged 0.88% to $17.75.
Nuance Communications Inc. (NUAN) declared the general availability of PowerScribe 360® Reporting version 3.0, delivering the industry’s first integrated computer-assisted reporting solution at the point of clinical documentation for radiologists. PowerScribe 360, the leading radiology reporting and communication platform, enables radiologists to create higher quality reports supported by real-time, evidence-based clinical guidance using content developed by the American College of Radiology (ACR). Coupled with quality check tools, PowerScribe preserves radiologists’ natural workflow, and provides referring physicians and patients with more compriseent recommendations following an exam. Nuance PowerScribe 360 Reporting 3.0 was tested in advance of its release by Albert Einstein Medical Center in Philadelphia, in addition to The Mount Sinai Hospital — Mount Sinai St. Luke’s and Mount Sinai Roosevelt in New York, and is now accessible for the broader radiology community.
Nuance Communications, Inc. provides voice and language solutions for businesses and consumers worldwide. It offers hosted and on-premise solutions and services that provide platforms to generate and distribute clinical documentation through the use of dictation and transcription features; clinical documentation improvement programs; and speech recognition solutions for radiology, cardiology, pathology, and related specialties enabling healthcare providers to dictate, edit, and sign reports without manual transcription.
FMC Technologies, Inc. (NYSE:FTI), ended its Friday’s trading session with 1.28% gain, and closed at $42.76.
FMC Technologies, Inc (FTI) declared the completion of the formation of a joint venture (JV) – Forsys Subsea – wherein the oilfield equipment manufacturer and Technip SA have 50% ownership each.
The JV started operations from Jun 1, 2015. By combining the technology and expertise of the two subsea industry leaders, the joint venture company will be capable of assisting the upstream energy players in efficiently getting their first oil at a minimum cost.
John Gremp − the chairperson, president and chief executive officer of FMC Technologies – revealed that the global market is demanding new sources of crude, generally accessible at the deepwater. But extracting crude from the ocean bed is quite challenging and most expensive. Hence, the exploration and production players will not explore those operations until the cost to pump first oil gets reduced considerably.
Consequently, after using Forsys Subsea’s new technology, the upstream players can enhance their profits by lowering operating costs in this weak crude pricing environment.
FMC Technologies added that the newly formed company has its headquarters in London and is predictable to have a headcount of 320.
FMC Technologies, Inc. provides technology solutions for the energy industry worldwide. The company operates through Subsea Technologies, Surface Technologies, and Energy Infrastructure segments. The Subsea Technologies segment offers subsea systems for the offshore production of crude oil and natural gas; and well access and flow administration services, counting installation and workover tools, service technicians for installation assistance, and field support services.
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