On Wednesday, AMETEK, Inc. (NYSE:AME)’s shares declined -1.67% to $56.54.
AMETEK, Inc. (AME) declared its financial results for the three month period ended June 30, 2015.
AMETEK’s second quarter 2015 sales of $1.0 billion were up 1% over last year’s second quarter. Operating income raised 4% to a record $240.3 million and operating margins were up 50 basis points to 23.9%. Diluted earnings per share raised 5% to a record $0.64 per diluted share from the second quarter 2014.
Electronic Instruments Group (EIG)
In the second quarter of 2015, EIG sales raised 4% to $596.5 million. Operating income raised 8% to $164.0 million and operating margins were up 110 basis points to 27.5%.
AMETEK, Inc. manufactures electronic instruments and electromechanical devices worldwide. The company’s EIG segment provides advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil, gas, petrochemical, pharmaceutical, semiconductor, and factory automation markets; and instruments for the laboratory equipment, ultra precision manufacturing, medical, and test and measurement markets.
Primero Mining Corp (NYSE:PPP)’s shares gained 6.42% to $3.15.
Primero Mining Corp. (PPP) advises that as a result of a delay in exports from its San Dimas mine in Mexico, its partner Primero Empresa Minera S.A. de C.V. (“PEM”) has been delayed in selling silver. As a result about 880,000 ounces of silver were not sold during the second quarter of 2015, representing about $6.5 million in delayed revenue.
PEM’s import and export licences were suspended in May 2015 by the Mexican customs authorities due to a discrepancy over the Company’s address related to its corporate office relocation from Mexico City to Durango, Mexico. PEM has since clarified the discrepancy and has been meeting with customs officials, but has regrettably not been reinstated to the customs registry. PEM is able to source necessary supplies locally so that the San Dimas mine and mill continue to operate uninterrupted.
Primero Mining Corp., a precious metals producer, engages in the acquisition, exploration, development, and operation of mineral resource properties in Canada and Mexico. The company primarily explores for gold and silver. It owns interest in the San Dimas Mine, which is located in San Dimas district, Mexico; and the Black Fox Complex that is located in the Timmins Mining District in Ontario, Canada.
At the end of Wednesday’s trade, Orbitz Worldwide, Inc. (NYSE:OWW)‘s shares surged 0.26% to $11.45.
Orbitz Worldwide, Inc. (OWW) declared the company`s financial results for the second quarter and six months ended June 30, 2015 through an earnings release that is accessible on the Orbitz Worldwide Investor Relations website at investors.orbitz.com. The earnings release is also accessible on the Securities and Exchange Commission`s website at www.sec.gov.
As a result of the February 12, 2015 declared transaction with Expedia, Inc., the company will not hold a conference call to talk about its second quarter results.
Orbitz Worldwide, Inc. operates as an online travel company worldwide. It uses technology that enables leisure and business travelers to research, plan, and book a range of travel products and services, counting hotels, flights, vacation packages, car rentals, rail tickets, cruises, travel insurance, destination, services and event tickets. It also provides various travel administration services; and private label travel solutions to a range of partners.
Darling Ingredients Inc (NYSE:DAR), ended its Wednesday’s trading session with -2.78% loss, and closed at $13.30.
Darling Ingredients Inc. (DAR), a global leader in converting edible and inedible bio-nutrient streams into a wide range of ingredients and specialty products for customers in the pharmaceutical, food, pet food, feed, technical, fuel, bioenergy, and fertilizer industries, declared financial results for the second quarter ended July 4, 2015, and that its Board of Directors approved the repurchase of up to an aggregate of $100 million of Darling’s common stock, depending on market conditions.
For the second quarter of 2015, the Company stated net sales of $859.3 million, as contrast with net sales of $1,031.3 million for the second quarter of 2014. The $172.0 million decrease in net sales is primarily attributable to lower finished product prices, primarily in the global fat markets, and by $113.9 million for the foreign exchange rate impact of a weak euro and Canadian dollar. Overall, global raw material volumes were stronger year over year.
Darling Ingredients Inc. develops, produces, and sells natural ingredients from edible and inedible bio-nutrients worldwide. It operates in three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients. The company offers a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, feed, technical, fuel, bioenergy, and fertilizer industries.
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