On Wednesday, Flowserve Corp (NYSE:FLS)’s shares inclined 1.56% to $48.22.
Flowserve Corporation (FLS), a leading provider of flow control products and services for the global infrastructure markets, recently stated Adjusted1 Earnings Per Share (EPS) of $0.80 for the 2015 second quarter, which comprises $0.06 per share of negative currency translation as contrast to last year, and excludes $0.24 per share of adjusted items. As formerly revealed, Flowserve’s 2015 Adjusted EPS calculation excludes the impact of the SIHI Group (“SIHI”) acquisition, which was accomplished on January 7, 2015, in addition to below-the-line foreign currency effects and specific one-time events, such as the 2015 realignment initiatives.
Second Quarter 2015 Summary (all comparisons as compared to preceding year quarter, unless otherwise noted):
- Bookings were $1.12 billion, counting $61.5 million from SIHI.
- Bookings raised 7.0% sequentially and comprised of about $636 million of original equipment and $479 million of aftermarket bookings.
- Not taking into account SIHI’s contribution, bookings raised 11.3% sequentially and reduced 15.3% as contrast to preceding year on a constant currency basis.
Sales were $1.16 billion, counting $77.2 million from SIHI.
- Aftermarket sales were $492 million, or about 42% of total sales.
- Not taking into account SIHI’s contribution, aftermarket sales raised 1.5% constant currency.
Flowserve Corporation designs, manufactures, distributes, and services industrial flow administration equipment worldwide. The company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD), and Flow Control Division (FCD). The EPD segment offers custom and other engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, and related equipment and services, in addition to manufactures gas-lubricated mechanical seals used in high-speed compressors.
Baytex Energy Corp (USA) (NYSE:BTE)’s shares dropped -1.94% to $8.09.
Baytex Energy Corp. (BTE) reports that a cash dividend of $0.10 per common share in respect of July operations will be paid on August 14, 2015 to shareholders of record on July 23, 2015. The ex-dividend date is July 21, 2015. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
The U.S. dollar equivalent dividend amount is about US$0.0787 per share assuming a foreign exchange rate of $0.7865 USD/CAD. The actual U.S. dollar equivalent dividend for shareholders who hold through a brokerage firm will be based on the exchange rate in effect on the payment date and net of applicable Canadian withholding taxes. Registered shareholders are paid directly by Baytex’s transfer agent, Valiant Trust Company, and the actual U.S. dollar equivalent dividend will be based on the exchange rate in effect on the record date and paid net of applicable Canadian withholding taxes.
Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, exploitation, and production of oil and natural gas in the Western Canadian Sedimentary Basin and the United States. The company offers heavy oil, light oil, condensate, and natural gas liquids.
At the end of Wednesday’s trade, Gray Television, Inc. (NYSE:GTN)‘s shares dipped -1.33% to $14.79.
Gray Television, Inc. (GTN) declared that its Board of Directors unanimously voted to expand the Board by one seat and elected Elizabeth Russell Neuhoff as a Director to fill that position. Like all Directors, Ms. Neuhoff’s term will run through our next Annual Meeting.
Beth Neuhoff is the President and CEO of Neuhoff Communications, a privately held broadcast radio and digital media company focused on small-to mid-size communities. Since taking command of Neuhoff Communications in August 2012, she has dramatically improved operations and improved its value.
Gray Television, Inc., a television broadcast company, owns and/or operates television stations and digital assets in the United States. The company owns and operates television stations in 44 television markets broadcasting 140 program streams comprising 76 associates of the Big Four netoperates, such as ABC, CBS, NBC, and FOX. Its stations comprise 26 channels associated with the CBS Network, 24 channels associated with the NBC Network, 16 channels associated with the ABC Network, and 10 channels associated with the FOX Network.
Williams Partners LP (NYSE:WPZ), ended its Wednesday’s trading session with 2.09% gain, and closed at $42.07.
Williams Partners L.P. (WPZ) stated second quarter 2015 adjusted EBITDA of $1.01 billion, a $291 million, or 41 percent, enhance from second quarter 2014.
The enhance in adjusted EBITDA for second quarter 2015 is due to enhances of $345 million from Access Midstream as a result of the merger, $119 million from the Atlantic-Gulf segment and $16 million from the Northeast G&P segment. Partially offsetting these enhances were a $135 million decrease at NGL & Petchem Services due primarily to the absence of $138 million of assumed business interruption proceeds related to the Geismar plant and a $55 million decrease in the West due to lower NGL margins.
Williams Partners L.P., an energy infrastructure company, focuses on connecting North America’s hydrocarbon resource plays to growing markets for natural gas and natural gas liquids (NGL). It operates in Northeast G&P, Atlantic-Gulf, West, and NGL & Petchem Services segments. The Northeast G&P segment comprises midstream gathering and processing businesses in the Marcellus and Utica shale regions; and a 51 percent equity investment in Laurel Mountain Midstream, LLC, in addition to a 47.5 percent equity investment in Caiman Energy II, LLC.
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