On Monday, Lexmark International Inc (NYSE:LXK)’s shares declined -1.09% to $33.54.
Lexmark International, Inc. declared financial results for the second quarter of 2015.
Second Quarter GAAP Results Year-to-Year Comparisons
- Revenue of $879 million in 2015 compares to $892 million in 2014.
- Gross profit margin of 41.2 percent compares to 39.4 percent in the same period last year.
- Operating income margin was -2.2 and 7.0 percent in 2015 and 2014, respectively.
- The 2015 restructuring negatively influenced second quarter 2015 GAAP pre-tax earnings by $32 million. The anticipated resolution of German copyright levy and other litigation resulted in a net benefit to second quarter 2015 GAAP and non-GAAP pre-tax earnings of $21 million.
- EPS of -$0.59 in 2015 compares to $0.59 in the same period last year.
Second Quarter Non-GAAP Results Year-to-Year Comparisons
- Revenue of $891 million in 2015 compares to $894 million in 2014.
- Core revenue2 of $856 million grew 3 percent, up 11 percent at constant currency3.
- Gross profit margin of 43.8 percent compares to 40.8 percent in the same period last year.
- Operating income margin was 10.6 percent and 10.9 percent in 2015 and 2014, respectively.
- Adjusted EBITDA4 of $139 million in 2015 compares to $144 million in 2014.
- EPS of $0.97 in 2015 compares to $0.99 in the same period last year.
Lexmark International, Inc., together with its auxiliaries, operates as a developer, manufacturer, and supplier of printing, imaging, device administration, managed print services (MPS), document workflow, and business process and content administration solutions worldwide. It operates through two segments, Imaging Solutions and Services (ISS), and Perceptive Software. The ISS segment offers a portfolio of monochrome and color laser printers, laser multifunction products, and dot matrix printers, in addition to various cartridges, service parts, and other supplies for use in the installed base of laser, inkjet, and dot matrix printers.
Plug Power Inc (NASDAQ:PLUG)’s shares dropped -2.52% to $2.32.
Plug Power Inc. (PLUG), a leader in providing clean, reliable energy solutions, recently highlighted strong fuel cell and hydrogen infrastructure shipments and installations in the second quarter of 2015 allowing for a record revenue quarter. The company is on track to achieve its formerly declared 2015 financial targets.
Plug Power’s flagship fuel cell product, GenDrive, displaces lead-acid batteries to power electric lift trucks. The company shipped 888 GenDrive units during the quarter to customers. This compares to 419 GenDrive units shipped in the first quarter of 2015 and 687 in the second quarter of 2014.
Plug Power Inc. an alternative energy technology provider, engages in the design, development, manufacture, and commercialization of fuel cell systems for the industrial off-road markets worldwide. It focuses on proton exchange membrane (PEM) fuel cell and fuel processing technologies, and fuel cell/battery hybrid technologies.
At the end of Monday’s trade, Jarden Corp (NYSE:JAH)‘s shares dipped -2.20% to $53.82.
Jarden Corporation (JAH), a leading global consumer products company, declared recently that it has reached a definitive purchase agreement to acquire Waddington Group, Inc. (“Waddington”), a leading manufacturer and marketer of premium disposable tableware for commercial, foodservice and retail markets, from an investment fund managed by Olympus Partners, a private equity firm, and other stockholders for about $1.35 billion, subject to working capital and other adjustments.
The transaction provides a meaningful addition to Jarden’s portfolio while creating opportunities in cross-selling, broadening the distribution platform particularly in the B2B category, and deepening Jarden’s talent bench. Waddington, which is predictable to contribute about $800 million to 2016 revenues, will be stated as part of Jarden’s Branded Consumables segment. The transaction is predictable to be funded through a combination of cash on hand, common equity and a mix of bank debt and bonds.
Jarden Corporation manufactures, markets, and distributes consumer products worldwide. The company’s Outdoor Solutions segment offers camping and outdoor equipment; fishing and team sports equipment; alpine and nordic skiing, snowboarding, snowshoeing, and in-line skating products; technical and outdoor apparel and equipment; personal flotation devices, water sports equipment, and all-terrain vehicle gears; and inflatable air beds and accessories.
LaSalle Hotel Properties (NYSE:LHO), ended its Monday’s trading session with 0.23% gain, and closed at $34.29.
LaSalle Hotel Properties (LHO) declared results for the quarter ended June 30, 2015. The Company’s results comprise the following:
Second Quarter Results and Activities
- RevPAR: Room revenue per accessible room (“RevPAR”) for the quarter ended June 30, 2015 raised 4.1 percent to $219.76, as a result of a 4.4 percent enhance in average daily rate (“ADR”) to $252.51 and a 0.3 percent decrease in occupancy to 87.0 percent.
- Hotel EBITDA Margin: The Company’s hotel EBITDA margin for the second quarter raised 248 basis points from the comparable preceding year period to 38.5 percent, a quarterly record for the Company.
- Adjusted EBITDA: The Company’s adjusted EBITDA was $125.2 million, an enhance of 14.2 percent over the second quarter of 2014.
- Adjusted FFO: The Company generated second quarter adjusted FFO of $102.6 million, or $0.91 per diluted share/unit, contrast to $86.0 million, or $0.82 per diluted share/unit, for the comparable preceding year period, a per share/unit enhance of 11.0 percent.
LaSalle Hotel Properties, a real estate investment trust (REIT), engages in the purchase, ownership, redevelopment, and leasing of primarily upscale and luxury full-service hotels in convention, resort, and urban business markets in the United States. It owns 34 hotels, totaling about 9,200 guest rooms in 15 markets in 11 states and the District of Columbia. The company qualifies as a REIT under the Internal Revenue Code of 1986.
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