On Wednesday, USG Corporation (NYSE:USG)’s shares declined -1.43% to $30.32.
USG Corporation (USG), a leading building products company, stated results for the second quarter of 2015. “All of our businesses expanded their margins and contributed to our strong second quarter,” said James S. Metcalf, Chairman, President, and CEO. “We generated the highest level of net income since the fourth quarter of 2006 when demand was fifty percent higher.”
On a merged basis in the second quarter of 2015, net sales were $970 million, up 2 percent from the second quarter of 2014. Operating profit improved 7 percent to $105 million. The corporation’s adjusted operating profit was $118 million in the second quarter of 2015, contrast to an adjusted operating profit of $87 million in the second quarter of 2014.
USG generated $79 million in net income and $0.54 per diluted share in the second quarter of 2015. On an adjusted basis, net income of $78 million and diluted earnings per share of $0.53 raised over 80 percent. Adjusted results exclude results from Gypsum Transportation Limited (GTL), a shipping operation that the Company has exited, comprised of in the Gypsum segment. A full reconciliation of GAAP to adjusted metrics is set forth on a plan attached hereto.
USG Corporation, through its auxiliaries, operates as a manufacturer and distributor of building materials worldwide. Its Gypsum segment provides gypsum and related products that are used to construct walls, ceilings, roofs, and floors of residential, commercial, and institutional buildings, in addition to in various industrial applications. It provides gypsum panels; and a line of joint compounds, corner beads, and tape that are used for finishing wallboard joints under SHEETROCK brand.
CNO Financial Group Inc (NYSE:CNO)’s shares dropped -1.06% to $17.73.
CNO Financial Group, Inc. (CNO) declared that it has elected to redeem on September 25, 2015 (the “redemption date”) all of its outstanding 3.50% Convertible Debentures due September 30, 2035 (the “Securities”). As of August 26, 2015, there was about $14,000 in aggregate principal amount of the Securities outstanding.
CNO Financial Group, Inc., through its auxiliaries, develops, markets, and administers health insurance, annuity, individual life insurance, and other insurance products for senior and middle-income markets in the United States. Its Bankers Life segment markets and distributes Medicare supplement insurance, interest sensitive and traditional life insurance, fixed annuities, and long term care insurance products; Medicare advantage plans primarily through distribution arrangements with Humana, Inc. and United HealthCare; and Medicare Part D prescription drug plans through a distribution and reinsurance arrangement with Coventry Health Care. The company’s Washington National segment markets and distributes supplemental health insurance, counting specified disease, accident, and hospital indemnity insurance products; and life insurance at home and the operate site through independent marketing organizations and insurance agencies.
At the end of Wednesday’s trade, Stratasys, Ltd. (NASDAQ:SSYS)‘s shares dipped -2.67% to $28.78.
Stratasys Ltd. (SSYS), a global leader of 3D printing and additive manufacturing solutions, recently declared that worldwide moldmaker, HASCO, has developed a rapid, cost-efficient method to producing low volumes of injection molded prototypes by integrating Stratasys 3D printing with its K3500 quick-change mold system. Utilizing this innovative approach, molders can quickly change between inserts for different products, enabling them to cost-effectively produce low volumes of injection molded parts for samples, prototypes and small production runs.
Stratasys Ltd. provides additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products; and for the direct manufacture of end parts. Its AM systems utilize its patented fused deposition modeling and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production and manufactured goods directly from three-dimensional (3D) CAD files or other 3D content. The company offers entry-level desktop 3D printers for idea and design development, a range of systems for rapid prototyping, and production systems for direct digital manufacturing under the Dimension, Objet, Fortus, Polyjet, SolidScape, and MakerBot brands.
JAKKS Pacific, Inc. (NASDAQ:JAKK), ended its Wednesday’s trading session with 1.86% gain, and closed at $9.84.
JAKKS Pacific, Inc., (JAKK) and NantOperates LLC declared the renewal for an additional three years through September 2018 of their DreamPlay Toys LLC joint venture that develops, markets and sells toys and consumer products incorporating NantOperates’ proprietary iD image recognition technology.
JAKKS Pacific, Inc. designs, develops, produces, and markets consumer products in the United States and internationally. The company’s Traditional Toys and Electronics segment offers action figures and accessories based on Batman, Star Wars, and Nintendo franchises; toy vehicles and accessories under the Road Champs, Fly Wheels, and MXS names; electronics products, such as video games under the Spy Net, Plug It In & Play TV Games, Disney, and Duck Commander brands names; fashion and baby dolls, and accessories under Disney Frozen, Disney Princess, Disney Fairies, Cabbage Patch Kids, and Graco licenses, in addition to plush, infant, and pre-school toys based on PBSs Daniel Tiger’s Neighborhood name; private label products; foot-to-floor ride-on toys, and tents and wagons based on Fisher Price, Kawasaki, and DC Comics; and pet products, counting toys, consumables, and accessories under the JAKKS Pets and American Classics brand names.
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