On Tuesday, Ultra Petroleum Corp. (NYSE:UPL)’s shares inclined 5.70% to $7.23.
Ultra Petroleum Corp. (UPL) declares the following Webcast to talk about its third quarter 2015 financial and operating results:
What: Ultra Petroleum Corp. Third Quarter 2015 Results Webcast
When: October 29, 2015 at 11:00 a.m. Eastern Daylight Time
Ultra Petroleum Corp., an independent oil and gas company, engages in the acquisition, exploration, development, production, and operation of oil and natural gas properties in the United States.
Sealed Air Corp (NYSE:SEE)’s shares dropped -1.72% to $47.52.
Sealed Air Corporation (SEE) declared that it will release its third quarter 2015 results at about 7:30 a.m. (ET) on Tuesday, October 27, 2015 and will host a conference call and webcast later that morning at 10:00 a.m. (ET).
Jerome A. Peribere, President and CEO, Carol P. Lowe, Senior Vice President and CFO, and Karl R. Deily, President of Food Care, will conduct the investor conference call. The conference call will be webcast live on the Investor Relations home page at http://ir.sealedair.com. Listeners should go to the web site proceeding to the call to register and to download and install any necessary audio software. A replay of the webcast will also be accessible thereafter.
Sealed Air Corporation provides food safety and security, facility hygiene, and product protection solutions worldwide. The company’s Food Care segment offers integrated system solutions that incorporate equipment systems into customers operations; and packaging equipment systems that incorporate various options for loading, filling and dispensing, and retort and aseptic processing conditions.
At the end of Tuesday’s trade, Newell Rubbermaid Inc. (NYSE:NWL)‘s shares dipped -1.56% to $40.94.
Newell Rubbermaid (NWL) has reached a definitive agreement to acquire Elmer’s Products, Inc. (“Elmer’s”) from an associate of Berwind Corporation, a family-owned investment administration company, for a purchase price of $600 million, subject to customary working capital adjustments. Elmer’s, whose brands comprise Elmer’s®, Krazy Glue®, and X-Acto®, is the leading provider of activity-based adhesive and cutting products that inspire creativity in the classroom, at home, in the office, in the workshop and at the craft table. Elmer’s distributes Krazy Glue, a leading instant adhesive brand in North America, through a joint venture with Toagosei Chemical Co. Ltd
Elmer’s net sales for calendar year 2015 are projected to be about $240 million. The acquisition is predictable to be accretive to normalized earnings and operating margin in 2016. The attained business will be stated as part of Newell Rubbermaid’s Writing segment with Elmer’s, X-Acto and Krazy Glue joining the company’s Paper Mate®, Sharpie®, Expo® and Mr. Sketch® brands. The company will leverage its brand building, design and innovation capabilities to accelerate Elmer’s growth while simultaneously delivering synergies in distribution, cross-selling and merchandising. The acquisition is predictable to be financed through a combination of accessible liquidity and debt financings. The company anticipates the transaction closing by year end, subject to customary conditions and regulatory approvals.
Coincident with the agreement to acquire Elmer’s, the company has initiated a process to divest its Levolor® and Kirsch® window coverings brands (“Décor”). The Décor business is predictable to generate about $310 million in net sales in 2015. The business will continue to be stated as part of the Home Solutions Segment and will be managed as a stand-alone business through this process.
The company anticipates no material impact to 2015 full year results related to either the Elmer’s acquisition or the planned Décor divestiture given the timing of both transactions. Accordingly, 2015 full year guidance remains unchanged at 4 to 5 percent core sales growth and normalized EPS of $2.14 to $2.20 per share. Communicated in connection with second quarter earnings, the company continues to track towards the mid-point of both full year ranges. In 2016, Newell Rubbermaid anticipates the normalized EPS accretion from the acquisition of Elmer’s to be effectively offset by the dilution associated with the disposal of Décor, resulting in minimal impact to 2016 normalized EPS. The company plans to provide 2016 full year guidance together with its third quarter financial results later this month.
Newell Rubbermaid Inc. manufactures and markets consumer and commercial products worldwide. It operates through five segments: Writing, Home Solutions, Tools, Commercial Products, and Baby & Parenting.
Sysorex Global Holdings Corp (NASDAQ:SYRX), ended its Tuesday’s trading session with 6.00% gained, and closed at $1.06.
Big data analytics and solutions provider Sysorex (SYRX) declared that it has signed a $91 million contract to make its software and information systems the central nervous system for a new state-of-the-art “smart” community being developed to house 4,000 employees working on construction projects in the State of Qatar. Under the terms of the 15-year contract, Sysorex will operate as the community’s intelligent infrastructure providing a full range of services counting information technology, AirPatrol location-based security products, data analytics, cashless payment systems, campus-wide WiFi and Internet-based TV, facilities administration and public safety administration for police, fire and medical personnel.
The project is led by developer, Daruna For Real Estate Development (Daruna), which designed the project as a modern college campus-style community that comprises living accommodations, recreation and entertainment, healthcare and retail facilities for 4,000 workers on key infrastructure projects in Qatar counting the FIFA World Cup 2022 and Qatar National Vision 2030.
In July 2015, Sysorex declared an initial $2.5 million contract with Daruna to use AirPatrol as a security and asset administration platform. This new contract expands that arrangement, extending Sysorex’s involvement onto nearly every aspect of the community’s administration and operation. The 15-year contract is predictable to start in the second quarter of 2016. Sysorex will receive about $6.1 million per year.
Sysorex Global Holdings Corp., through its auxiliaries, provides data analytics and location based solutions and services to commercial and government customers worldwide. It operates through four segments: IT Commercial, IT Government, eSolutions, and Location-Based Technology.
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