On Friday, Shares of ClubCorp Holdings, Inc. (NYSE:MYCC), gained 3.75% to $22.71, hitting its highest level.
ClubCorp Holdings, declared financial results for its fiscal-year 2015 first quarter ended March 24, 2015. The first quarter of fiscal 2015 and fiscal 2014 comprised of 12 weeks. All growth percentages refer to year-over-year progress.
First Quarter Results:
- Revenue was up $36.3 million, or 21.9%, to $202.1 million for the first quarter of 2015.
- Adjusted EBITDA raised $6.9 million to $38.9 million, up 21.4% from raised revenue and lower club payroll and operating expenses as a percent of revenue.
- Same Store Clubs. Same-store revenue was up $4.6 million, or 2.8%, due primarily to higher dues revenue and raised food & beverage spend; while same store adjusted EBITDA grew $3.7 million, or 8.6%, due to raised revenue and favorable operating expenses as a percent of revenue.
- New or Attained Clubs. New or attained clubs in 2014 and first quarter 2015, contributed revenue growth of $29.3 million and adjusted EBITDA growth of $6.1 million.
ClubCorp Holdings, Inc., a membership-based leisure company, owns and operates golf, country, business, sports, and alumni clubs in North America. It operates in two segments, Golf and Country Clubs; and Business, Sports, and Alumni Clubs.
At the end of Friday’s trade, Shares of Coca-Cola Enterprises Inc. (NYSE:CCE), jumped 3.69% to $46.05.
Coca-Cola Enterprises, Board of Directors declared a regular quarterly dividend of 28 cents per share. The dividend is payable June 18, 2015 to shareowners of record on June 5, 2015.
Coca-Cola Enterprises, Inc. produces, distributes, and markets non-alcoholic beverages in Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, and Sweden.
Martin Marietta Materials Inc. (NYSE:MLM), ended its last trade with 3.63% gain, and closed at $147.83, hitting its highest level.
Martin Marietta Materials, stated its results for the first quarter ended March 31, 2015.
NOTABLE ITEMS FOR THE QUARTER (ALL COMPARISONS ARE AS COMPARED TO THE PRECEDING-YEAR FIRST QUARTER)
- Earnings per diluted share of $0.07 contrast with a loss of $0.47 (which comprises a $0.12 per diluted share charge for business development expenses related to the TXI acquisition)
- Merged net sales of $631.9 million contrast with $379.7 million, an enhance of 66%
- Aggregates product line volume enhance of 17.1%; aggregates product line price enhance of 11.4%
- Heritage aggregates product line volume enhance of 7.0%, not taking into account shipments from 2014 divestitures from preceding-year quarter; stated heritage volume enhance of 3.7%
- Heritage aggregates product line price enhance of 10.5%
- Cement business net sales of $96.6 million, earnings from operations of $12.2 million and EBITDA of $27.5 million
- Magnesia Specialties net sales of $58.8 million and earnings from operations of $17.8 million
- Heritage merged gross margin (not taking into account freight and delivery revenues) of 12.5%, up 570 basis points; merged gross margin (not taking into account freight and delivery revenues) of 11.8%, up 500 basis points
- Merged selling, general and administrative expenses (SG&A) of $49.5 million, or 7.8% of net sales, a reduction of 120 basis points
- Merged earnings from operations of $25.6 million contrast with a loss from operations of $15.9 million (which comprises $9.5 million of business development expenses related to the TXI acquisition).
Martin Marietta Materials, Inc., together with its auxiliaries, supplies aggregates products and heavy building materials for the construction industry in the United States and internationally. It operates through Mid-America Group, Southeast Group, West Group, Cement, and Magnesia Specialties segments.
Finally, Valero Energy Corporation (NYSE:VLO), closed at $58.90, with 3.51% gain.
Valero Energy Corporation, declared that Joe Gorder, Chairman, President and Chief Executive Officer of Valero Energy Corporation will attend the Morgan Stanley Refining Corporate Access Day on Thursday, May 14.
Valero Energy Corporation operates as an independent petroleum refining and marketing company in the United States, Canada, the Caribbean, the United Kingdom, and Ireland. It operates through two segments, Refining and Ethanol.
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