On Wednesday, Wabash National Corporation (NYSE:WNC)’s shares declined -1.50% to $13.16.
Wabash National Corporation (WNC) declared that it has accomplished an amendment to its credit agreement with a group of lenders that provides the Company’s $150.0 million, asset-based, revolving credit facility. Among other things, the amendment will i) extend the maturity of the facility from May, 2017, to June, 2020; ii) provide for an enhance in committed capital from the Company’s lenders of $25 million, to $175 million; iii) reduce interest rate margins by 25 basis points on borrowings; and, iv) reduce the unused line fee by 12.5 basis points to 25 basis points.
Wabash National Corporation designs, manufactures, and markets truck and tank trailers, intermodal equipment, and transportation related products in North America. Its Commercial Trailer Products segment provides dry van trailers under the DuraPlate, DuraPlateHD, DuraPlate, XD-35, and FreightPro trademarks; platform trailers under the Transcraft, Eagle, and Benson trademarks; refrigerated trailers under the ArcticLite trademark; and specialty products, such as converter dollies, big tire haulers, Roadrailer trailers, rail products, aftermarket component products, parts, and others, in addition to used trailers and laminated hard wood oak products.
The Fresh Market Inc (NASDAQ:TFM)’s shares dropped -2.90% to $27.25.
The Fresh Market, Inc. (TFM) declared it will report financial results for the fiscal quarter ended July 26, 2015, on Thursday, August 20, 2015, after the market close. The Company will host a conference call to talk about the financial results at 5:00 p.m. ET.
The Fresh Market, Inc. operates as a specialty grocery retailer in the United States. The company offers various food products that focus on perishable product categories, counting meat, seafood, produce, deli, bakery, floral, sushi, and prepared foods; and on non-perishable product categories, such as traditional grocery, frozen, and dairy products, in addition to bulk, coffee and candy, beer and wine, and health and beauty products.
At the end of Wednesday’s trade, DHT Holdings Inc (NYSE:DHT))‘s shares dipped -2.46% to $7.14.
DHT Holdings, Inc. (DHT) declared second quarter 2015 results
Highlights of the quarter:
- EBITDA for the quarter of $49.5 million. Net income for the quarter of $22.2 million ($0.24 per basic share).
- The Company’s VLCCs operating in the spot market achieved time charter equivalent earnings of $52,300 per day in the second quarter of 2015.
- On July 22, 2015 the Company declared a new policy regarding dividend and capital allocation. As a result of the current tanker market, DHT intends to return at least 60% of its ordinary net income (adjusted for extraordinary items) to shareholders. Further, DHT intends to use a noteworthyamount of surplus cash flow after returning such capital to shareholders to delever its balance sheet.
- In accordance with the new dividend policy the Company will pay a dividend of $0.15 per common share for the quarter payable on August 20, 2015 for shareholders of record as of August 12, 2015.
DHT Holdings, Inc. operates crude oil tankers in Bermuda. As of March 10, 2015, its fleet comprised of 18 crude oil tankers, counting 14 very large crude carriers, 2 Suezmax tankers, and 2 Aframax tankers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.
Apollo Education Group Inc (NASDAQ:APOL), ended its Wednesday’s trading session with -3.01% loss, and closed at $11.27.
Apollo Education Group, Inc. (APOL) stated financial results for the three and nine months ended May 31, 2015, with third quarter revenue of $681.5 million and diluted earnings per share of $0.44, or $0.53 not taking into account special items.
Third Quarter 2015 Results of Operations
Apollo Education Group (the “Company”) stated net revenue for the third quarter 2015 of $681.5 million, contrast to $793.6 million for the third quarter 2014. Third quarter 2015 University of Phoenix New Degreed Enrollment was 29,400 and Degreed Enrollment was 206,900, contrast to New Degreed Enrollment of 33,900 and Degreed Enrollment of 241,900 for the prior year third quarter. Operating income for the third quarter 2015 was $90.7 million, contrast to $116.3 million for the third quarter 2014. Income from ongoing operations attributable to Apollo Education Group for the third quarter 2015 was $48.1 million, or $0.44 per share, contrast to $68.1 million, or $0.61 per share for the prior year third quarter.
Not taking into account special items, operating income was $101.6 million for the third quarter 2015, contrast to $140.3 million for the third quarter 2014, and income from ongoing operations attributable to Apollo Education Group for the third quarter 2015 was $57.5 million, or $0.53 per share, contrast to $86.9 million, or $0.78 per share, for the third quarter 2014. Adjusted Operating Income was $132.2 million for the third quarter 2015 contrast to $178.1 million for the third quarter 2014. (Special items and Adjusted Operating Income for the respective periods are comprised of in the reconciliation of GAAP to non-GAAP financial information tables of this press release.)
Apollo Education Group, Inc. provides private education services. It offers online and on-campus undergraduate, graduate, professional development, and other non-degree educational programs and services primarily to working learners in the United States and internationally. The company operates in University of Phoenix, Apollo Global, and Other segments. It offers various degree programs in advanced studies, business, criminal justice and security, education, health sciences and nursing, humanities and sciences, information systems and technology, and social sciences.
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