On Monday, Solera Holdings Inc(NYSE:SLH)’s shares inclined 0.84% to $48.17.
Solera Holdings, Inc. (SLH), a leading provider of risk and asset administration software and services to the automotive and property marketplace, counting the global P&C insurance industry, recently stated results for the fourth quarter and fiscal year.
Results for the Fourth Quarter and Fiscal Year Ended June 30, 2015:
GAAP Results
- Revenue for fiscal year 2015 was $1,140.8 million, a 15.6% enhance over the preceding fiscal year revenue of $987.3 million. On a constant currency basis, revenue for fiscal year 2015 raised by about 22.6% over the preceding fiscal year revenue;
- Revenue for the fourth quarter was $297.1 million, a 10.9% enhance over the preceding year fourth quarter revenue of $267.9 million. On a constant currency basis, revenue for the fourth quarter raised by about 22.5% over the preceding year fourth quarter revenue;
- For fiscal year 2015, we stated a net loss attributable to Solera Holdings, Inc. of $100.8 million, as contrast to the preceding fiscal year net loss attributable to Solera Holdings, Inc. of $8.7 million.
Non-GAAP Results
- Adjusted EBITDA for fiscal year 2015 was $458.0 million, a 10.3% enhance over the preceding fiscal year Adjusted EBITDA of $415.4 million. On a constant currency basis, Adjusted EBITDA for fiscal year 2015 raised by 19.4% over the preceding fiscal year Adjusted EBITDA;
- Adjusted EBITDA for the fourth quarter was $116.0 million, a 5.0% enhance over the preceding year fourth quarter Adjusted EBITDA of $110.5 million. On a constant currency basis, Adjusted EBITDA for the fourth quarter raised by 19.9% over the preceding year fourth quarter Adjusted EBITDA;
- Adjusted EBITDA margin for fiscal year 2015 was 40.1%, a 192 basis point decrease over the preceding fiscal year Adjusted EBITDA margin of 42.1%. On a constant currency basis,
Solera Holdings, Inc. provides software and services to insurance companies, collision repair facilities, independent assessors, automotive recyclers, auto dealers, and households. The company offers estimating and workflow software that manages the overall claims process, estimates the cost to repair a damaged vehicle, and calculates the pre-collision fair market value of a vehicle; and salvage, salvage disposition, and recycling software that connects buyers and sellers through an electronic auction network.
PVH Corp (NYSE:PVH)’s shares gained 1.72% to $118.98.
SPEEDO USA, a division of PVH Corp. (PVH), declared that five-time Olympic medalist, holder of two individual world records and competitive swimming superstar Missy Franklin has joined Team Speedo, marking her first endorsement since becoming a professional swimmer in March 2015. As part of Team Speedo, Franklin will serve as a year-round brand ambassador, sharing her love of the water to inspire others, and will wear Speedo race suits when she represents the US at all major competitions globally.
PVH Corp. operates as an apparel company in the United States and internationally. It designs, markets, and retails men’s and women’s apparel and accessories, branded dress shirts, neckwear, sportswear, jeanswear, intimate apparel, swim products, handbags, footwear, golf apparel, fragrances, cosmetics, eyewear, hosiery, socks, jewelry, watches, outerwear, small leather goods, and home furnishings, in addition to other related products.
At the end of Monday’s trade, VF Corp (NYSE:VFC)‘s shares surged 0.01% to $72.44.
VF Corporation (VFC) stated financial results for its second quarter ended July 4, 2015. All per share amounts are presented on a diluted basis. This release refers to “stated” and “currency neutral” (a non-GAAP financial measure) amounts, terms that are described under the “Currency Neutral – Not taking into account the Impact of Foreign Currency” paragraph. Unless otherwise noted, currency neutral and stated amounts are the same.
Second Quarter 2015 Highlights
- Revenue rose 10 percent on a currency neutral basis driven by growth in our Outdoor & Action Sports and Jeanswear coalitions, and our international and direct-to-consumer businesses. On a stated basis, revenue raised 5 percent over the 2014 quarter.
- Gross margin was 48.3 percent on a stated basis, down 10 basis points contrast with the same quarter last year, but in line with our expectations. Continued benefit from the shift of our revenue mix toward higher margin businesses was more than offset by the impact of foreign currency.
- Operating income on a stated basis was up 1 percent to $223 million contrast with the same period in 2014. Operating margin on a stated basis declined 30 basis points to 8.9 percent due to the negative impact from changes in foreign currency rates.
V.F. Corporation designs, manufactures, markets, and distributes branded lifestyle apparel, footwear, and accessories in the United States and Europe. The company offers outdoor apparel, footwear and equipment, youth culture/action sports-inspired footwear, handbags, luggage, backpacks, totes, accessories, merino wool socks, women’s activewear, and travel accessories under the The North Face, Vans, Timberland, Kipling, Napapijri, Jansport, Reef, Smartwool, Eastpak, lucy, and Eagle Creek brands.
Accuray Incorporated (NASDAQ:ARAY), ended its Monday’s trading session with 1.77% gain, and closed at $6.89.
Accuray Incorporated (ARAY) declared it has received a multi-system order from 21st Century Oncology for one CyberKnife® M6™ and four TomoHDA™ Systems. These are the latest generation CyberKnife and TomoTherapy Systems, and are used worldwide to provide extremely precise radiation treatments for cancerous and non-cancerous tumors throughout the body. The TomoTherapy Systems will replace conventional linear accelerators in single vault freestanding centers, reinforcing the TomoTherapy’s value as a mainstream radiation therapy device. Accuray booked the order in its first fiscal quarter of 2016.
Accuray Incorporated designs, develops, and sells radiosurgery and radiation therapy systems for the treatment of tumors in the body. The company offers the CyberKnife System, a robotic stereotactic radiosurgery and stereotactic body radiation therapy system used for the treatment of various types of cancer and tumors in the body. Its CyberKnife System automatically tracks, detects, and corrects for tumor and patient movement in real-time during the procedure, in addition to enables delivery of precise, high dose radiation while patients breathe normally.
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