On Thursday, Shares of Interface Inc. (NASDAQ:TILE), gained 8.87% to $21.73, hitting its highest level.
Interface, declared that its Board of Directors has declared a regular quarterly cash dividend of $0.04 per share, payable May 29, 2015 to shareholders of record as of May 15, 2015.
Interface, Inc. designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. It offers modular carpets under the Interface and FLOR brands; and carpet tiles under the GlasBacRE brand name for use in commercial interiors, counting offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, in addition to residential interiors.
At the end of Thursday’s trade, Shares of Cytori Therapeutics, Inc. (NASDAQ:CYTX), jumped 7.84% to $0.8750.
Cytori Therapeutics, will provide a live webcast of its first quarter financial results and business update on Monday, May 11, 2015, at 5:30 PM Eastern Time.
Preceding to the webcast at about 4:05 PM Eastern Time on May 7, Cytori will issue its first quarter earnings release which will review Cytori’s first quarter performance.
Cytori Therapeutics, Inc., a biotechnology company, develops cell therapeutics for specific diseases and medical conditions. The company primarily provides Cytori Cell Therapy comprising of a heterogeneous population of specialized cells, counting stem cells for the treatment of patients with scleroderma hand dysfunction, orthopedic disorders, cardiovascular disease, urinary incontinence, and thermal burns combined with radiation injury.
American Railcar Industries, Inc. (NASDAQ:ARII), ended its last trade with 7.78% gain, and closed at $53.04.
American Railcar Industries, stated its first quarter 2015 financial results. Jeff Hollister, President and CEO of ARI, commented, “In the first quarter of 2015, we practiced new quarterly records for both revenue and earnings driven by strong levels of hopper and tank railcar shipments for direct sale. We continue to benefit from the growth of our lease fleet, our ability to efficiently produce high quality hopper and tank railcars and sustain high volumes of production at our facilities.”
First Quarter Summary
Total merged revenues were $263.8 million for the first quarter of 2015, a new quarterly record and an enhance of 45% when contrast to $182.1 million for the same period in 2014. This enhance was primarily driven by raised manufacturing revenues due to a higher mix of direct sale shipments relative to railcars shipped for the Company’s lease fleet. Because revenues and earnings related to leased railcars are recognized over the life of the lease, ARI’s quarterly results may vary depending on the mix of lease as compared to direct sale railcars that the Company ships during a given period.
Manufacturing revenues were $221.8 million for the first quarter of 2015, an enhance of 44% contrast to the same period in 2014. During the first quarter of 2015, ARI shipped 2,017 direct sale railcars and 651 railcars built for the Company’s lease fleet, contrast to 1,130 direct sale railcars and 480 railcars built for the lease fleet during the same period in 2014. Railcars built for the lease fleet represented 24% of ARI’s railcar shipments during the first quarter of 2015 contrast to 30% for the same period in 2014. Hopper railcar shipments for direct sale raised significantly in the first quarter of 2015 contrast to the same period of 2014 as that market has strengthened. In contrast, while production of tank railcars continues at strong levels, a higher percentage of tank railcars were built for the Company’s lease fleet during the first quarter of 2015 contrast to the same period of 2014. This has resulted in a greater mix of hopper railcars shipped for direct sale, which generally sell at lower prices than tank railcars due to less material and labor content.
American Railcar Industries, Inc. designs and manufactures hopper and tank railcars in North America. It operates through three segments: Manufacturing, Railcar Leasing, and Railcar Services. The Manufacturing segment manufactures hopper railcars for shipping various dry bulk products, such as plastic pellets, in addition to high-density products comprising sand and cement; pressure and non-pressure tank railcars; and other railcars.
Finally, LKQ Corp. (NASDAQ:LKQ), closed at $27.07, with 7.17% gain.
LKQ Corporation, stated record revenue for the first quarter of 2015 of $1.77 billion, an enhance of 9.1% as contrast to $1.63 billion in the first quarter of 2014. Net income for the first quarter of 2015 was $107.1 million, an enhance of 2.3% as contrast to $104.7 million for the same period of 2014. Diluted earnings per share of $0.35 for the first quarter ended March 31, 2015 raised 2.9% from $0.34 for the first quarter of 2014. The Company noted that adjusted diluted earnings per share for the first quarter 2015 would have been $0.36 contrast to $0.35 for the first quarter of 2014 after adjusting each of the periods for net losses resulting from restructuring and acquisition related expenses, loss on debt extinguishment in 2014 and the change in fair value of contingent consideration liabilities.
Balance Sheet and Liquidity
Cash flow from operations totaled $180 million during the first quarter, which after investing about $34 million in capital expenditures and other long term assets, allowed the Company to enhance cash balances and reduce its outstanding debt. As of March 31, 2015, LKQ’s balance sheet reflected cash and equivalents of $175 million and outstanding debt of $1.73 billion. Total availability under the Company’s credit facility at March 31, 2015 was about $1.2 billion.
LKQ Corporation, together with its auxiliaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in the United States, the United Kingdom, the Netherlands, Belgium, Northern France, Canada, Mexico, and Central America. The company operates in four segments: Wholesale North America, Wholesale Europe, Self Service, and Specialty.
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