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Friday 21 August 2015
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Pre-Market News Report on: Iron Mountain (NYSE:IRM), PAREXEL International (NASDAQ:PRXL), Chicago Bridge & Iron Company (NYSE:CBI), W&T Offshore, (NYSE:WTI)

On Wednesday, Iron Mountain Inc (NYSE:IRM)’s shares declined -0.23% to $30.15.

Storage and information administration company Iron Mountain® Incorporated (IRM) declared that Deirdre Evens has joined Iron Mountain as Chief People Officer.

Evens will oversee global human resources, leading operations and strategy to support the company’s growth through recruitment, talent development, and compensation and benefits. Evens will serve as a member of the company’s senior executive team and report directly to Iron Mountain’s President and CEO William L. Meaney.

Iron Mountain Incorporated, a real estate investment trust, provides storage and information administration services in North America, Europe, Latin America, and the Asia Pacific. It operates through North American Records and Information Administration Business, North American Data Administration Business, Western European Business, Other International Business, and Corporate and Other Business. The company provides storage services for paper documents and other media, such as microfilm and microfiche, master audio and videotapes, film, X-rays, and blueprints, counting healthcare information services, vital records services, and service and courier operations, in addition to the collection, handling, and disposal of sensitive documents for corporate customers.

PAREXEL International Corporation (NASDAQ:PRXL)’s shares dropped -2.05% to $72.14.

PAREXEL International Corporation (PRXL), a leading global biopharmaceutical services provider, declared that the CEO Roundtable on Cancer named PAREXEL a CEO Cancer Gold Standard™ employer. The accreditation recognizes the Company’s extraordinary commitment to the health of its employees and their families.

To earn CEO Cancer Gold Standard Accreditation, companies must evaluate their health benefits and corporate culture and take extensive, concrete actions to address cancer in the workplace. PAREXEL established programs to reduce cancer risk, counting:

  • Prohibiting tobacco use and supporting tobacco cessation efforts
  • Promoting physical activity, healthy nutrition and weight administration
  • Offering a Medical Incentive Program to reduce an employee’s health plan contribution following completion of health and wellness activities
  • Providing health insurance options that comprise detecting cancer at its earliest stages, access to quality care and participation in cancer clinical trials

PAREXEL International Corporation, a biopharmaceutical outsourcing services company, provides clinical research, clinical logistics, medical communications, consulting, commercialization, and advanced technology products and services for pharmaceutical, biotechnology, and medical device industries worldwide.

At the end of Wednesday’s trade, Chicago Bridge & Iron Company N.V. (NYSE:CBI)‘s shares dipped -0.20% to $48.86.

CB&I (CBI) stated the second quarter resulted in strong earnings, improved cash flow and comprising operating performance. Net income for the second quarter was $169.5 million, or $1.55 per diluted share, an enhance of 14 percent from adjusted net income for the comparable period in 2014. Revenues were $3.2 billion, counting a $240 million negative impact attributable to the translation effect of the strong dollar. Net cash offered by operating activities during the second quarter was $95 million. New awards for the second quarter totaled $2.8 billion, and new awards for the first six months totaled $5.9 billion. Backlog remained fairly constant at nearly $29.4 billion, counting an adverse foreign exchange impact of $270 million year to date.

During the quarter, CB&I and its joint venture partners Chiyoda Corporation and Saipem were selected by Anadarko Petroleum Corporation to design and construct process and ancillary infrastructure associated with its LNG development program in Mozambique. CB&I anticipates to book its share of the initial phase of the project in the fourth quarter.

Chicago Bridge & Iron Company N.V. provides conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program administration, and environmental services worldwide. The company’s Engineering, Construction and Maintenance segment offers engineering, procurement, and construction services for energy infrastructure facilities, in addition to comprehensive and integrated maintenance services. Its projects comprise nuclear, fossil, and renewable electric generating plants for the power industry; and upstream and downstream process facilities for the oil and gas industry.

W&T Offshore, Inc. (NYSE:WTI), ended its Wednesday’s trading session with -6.57% loss, and closed at $3.13.

W&T Offshore, Inc. (WTI) stated its second quarter 2015 operations and financial results, in addition to its 2015 third quarter and full year production and expense guidance. Some of the key items comprise:

  • Successfully accomplished and brought on production two deepwater wells at Mississippi Canyon 538 “Medusa” field during the second quarter. The two wells, the SS #6 and SS #7, came on line with a combined initial rate surpassing 17,300 barrels of oil equivalent (“Boe”) per day gross, increasing the total field output to over 20,800 Boe per day gross or greater than 3,000 Boe per day net to our interest.
  • Production for the second quarter of 2015 averaged about 46,500 Boe per day (4.23 million Boe in total for the quarter), 55% of which was oil and liquids. Oil production raised 2.9% for the second quarter of 2015 contrast to the second quarter of 2014 while natural gas production reduced 5.5% and natural gas liquids (“NGLs”) production reduced 20.6% as we continue our focus on oil related projects.
  • Average realized sales price for the second quarter of 2015 was $56.63 per barrel for oil, $19.18 per barrel for NGLs and $2.74 per thousand cubic feet (“Mcf”) for natural gas. On a combined basis, our average realized sales price was $34.83 per Boe contrast to $59.63 per Boe in the second quarter of 2014.

W&T Offshore, Inc., an independent oil and natural gas producer, together with its auxiliaries, engages in the acquisition, exploration, and development of oil and natural gas properties primarily in the Gulf of Mexico and onshore in the Permian Basin of West Texas.

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