On Tuesday, Louisiana-Pacific Corporation (NYSE:LPX)’s shares inclined 4.45% to $15.71.
Louisiana-Pacific Corporation (LPX) declared that it will add a FlameBlock® Fire-Rated OSB Sheathing line at its Clarke County, Ala., facility.
LP FlameBlock® Fire-Rated OSB Sheathing will be manufactured under a Technology License Agreement with International Barrier Technology Inc. and features a proprietary, non-combustible Pyrotite® layer that is a code compliant component of fire-rated building assemblies.
Construction on the new line will start in the third quarter of 2015, with completion predictable by September, 2016. When fully operational, the expansion will add about 20 new jobs to the mill, which presently employs 159 people.
Louisiana-Pacific Corporation, together with its auxiliaries, primarily manufactures and sells building products for use in new home construction, repair and remodeling, outdoor structures, and light industrial and commercial construction. The company’s Oriented Strand Board segment offers structural panel products comprising plywood, counting roof decking, sidewall sheathing, and floor underlayment. Its Siding segment provides SmartSide siding products and related accessories, such as wood-based sidings, trim, soffit, and fascia; and CanExel siding and accessory products, counting pre-finished lap and trim products.
Hartford Financial Services Group Inc (NYSE:HIG)’s shares dropped -0.95% to $47.77.
Most midsize businesses have business continuity plans but few have tested them, according to The Hartford’s survey of midsize business owners and C-level executives. This shortcoming presents potential risk for businesses, which may be unable to meet client needs due to an interruption in their operation or lose revenue due to a supplier issue.
While the majority of midsize businesses (59 percent) surveyed had a formal, documented continuity plan, one-third (33 percent) had an informal, verbal plan, and 8 percent stated having no plan at all. Just 19 percent of businesses had tested their plan.
The Hartford survey found that more than one-third (36 percent) of midsize businesses had been unable to meet a client need due to an interruption in their operation, putting their relationship with that client at risk. Of those businesses:
- A majority (57 percent) used an alternate supplier and avoided any direct impact on their clients.
- 39 percent lost business to other suppliers but had clients return once their business resumed operations.
- 9 percent lost clients that did not return.
The Hartford Financial Services Group, Inc., through its auxiliaries, provides insurance and financial services to individual and business customers primarily in the United States. The company’s Commercial Lines segment offers workers compensation, property, automobile, marine, umbrella, liability, and livestock coverage’s, in addition to customized insurance products and risk administration services, counting professional liability, bond, and specialty casualty coverage’s.
At the end of Tuesday’s trade, Bill Barrett Corporation (NYSE:BBG)‘s shares dipped -7.01% to $4.91.
Bill Barrett Corporation (BBG) declared that it is providing an update on certain second quarter 2015 commodity price data.
For the second quarter of 2015, West Texas Intermediate (“WTI”) oil prices averaged $57.94 per barrel, Northwest Pipeline (“NWPL”) natural gas prices averaged $2.38 per MMBtu and NYMEX natural gas prices averaged $2.65 per MMBtu. The Company had derivative commodity swaps in place for the second quarter of 2015 for 11,300 barrels of oil per day tied to WTI pricing at $90.39 per barrel, 20,000 MMBtu of natural gas per day tied to NWPL regional pricing at $4.13 per MMBtu and no hedges in place for natural gas liquids (“NGLs”). Based on preliminary results, the Company anticipates to realize a cash commodity derivative gain of about $36.5 million in the second quarter due to positive derivative positions and estimates that it will record about $64.2 million in non-cash, unrealized commodity derivative loss. The Company anticipates its second quarter commodity price differentials to benchmark pricing before commodity derivative gains, related to delivery location and quality adjustments, to approximate: oil less $9.26 price per barrel as compared to WTI; and natural gas less $0.05 price per thousand cubic feet as compared to NWPL. NGL sales are predictable to average 22% of WTI price per barrel.
Bill Barrett Corporation, an independent energy company, acquires, explores for, and develops oil and natural gas resources in the United States. It primarily holds interests in the Denver-Julesburg basin, the Uinta oil program in the Uinta Basin, and the Gibson Gulch area in the Piceance basin in the Rocky Mountain region of the United States.
Bloomin’ Brands Inc (NASDAQ:BLMN), ended its Tuesday’s trading session with 2.28% gain, and closed at $23.30.
Bloomin’ Brands, Inc. (BLMN) stated financial results for the second quarter (“Q2 2015″) ended June 28, 2015 contrast to the second quarter (“Q2 2014″) ended June 29, 2014.
Key highlights for Q2 2015 comprise the following:
- Comparable sales for Company-owned U.S. concepts raised 2.0%
- Comparable sales for Outback Steakhouse restaurants in Brazil raised 3.4%
- System-wide development was 14 new restaurants counting nine International restaurants
- Adjusted restaurant margin was 16.2% as compared to 16.1% in Q2 2014 and U.S. GAAP restaurant margin was 16.5% as compared to 16.1% in Q2 2014
Subsequent to Q2 2015:
- The Company’s Board of Directors approved a new $100.0 million share repurchase program
- Moody’s upgraded the Company’s Corporate Family Rating two notches to Ba2
Bloomin Brands, Inc., through its auxiliaries, owns and operates casual, upscale casual, and fine dining restaurants primarily in the United States. The company operates restaurants under various concepts, counting Outback Steakhouse, a casual steakhouse restaurant; Carrabba’s Italian Grill, a casual Italian restaurant; Bonefish Grill, an upscale casual seafood restaurant; and Flemings Prime Steakhouse & Wine Bar, a contemporary steakhouse.
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