During Thursday’s current trade, Ford Motor Company (NYSE:F)’s shares dwindled -0.75%, to $15.95.
Ford Motor Company (F), will release its preliminary 2015 first quarter financial results at 7 a.m. EDT Tuesday, April 28.
At 9 a.m. EDT, Mark Fields, Ford president and chief executive officer, and Bob Shanks, Ford executive vice president and chief financial officer, will host a conference call to talk about Ford’s 2015 first quarter financial results.
At 11 a.m. EDT, Neil Schloss, Ford vice president and treasurer; Stuart Rowley, Ford vice president and controller; and Michael Seneski, chief financial officer, Ford Motor Credit Company, will host a conference call focusing on Ford Motor Credit Company’s 2015 first quarter financial results.
Ford Motor Company manufactures and distributes automobiles worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories. It offers vehicles primarily under the Ford and Lincoln brand names. This sector markets and sells its products through distributors and dealers, in addition to through dealerships to fleet customers, counting commercial fleet customers, daily rental car companies, and governments. The Financial Services sector offers various automotive financing products to and through automotive dealers.
Alliance Data Systems Corporation (NYSE:ADS)’s shares dipped -0.39% to $301.03, during the current trading session Thursday’s.
Today, Alliance Data Systems Corporation declared that its board of directors has approved a raise in authorization to attain up to $1 billion of the Company’s common stock during 2015. In January 2015, a new stock repurchase program was declared where the Company’s board of directors approved the purchase of up to $600 million of common stock, and replacing the previous program, which expired at the end of 2014.
“We are well underway in executing on our capital allocation strategy under the existing repurchase program. The raised authorization level for stock repurchases now up to $1 billion underscores our continued confidence in our business performance, and enables us to use the program to assist offset the foreign exchange influence on the business,” said Ed Heffernan, president and chief executive officer of Alliance Data. “We will continue to opportunistically repurchase our stock, while maintaining ample liquidity to support continued growth of the business as needs arise.”
Under this repurchase program the Company is authorized to repurchase shares in open market purchases in addition to in privately negotiated transactions from time to time through December 31, 2015. Stock purchased as part of this program will be held as treasury stock. The repurchase program’s terms have been structured to comply with the SEC’s Rule 10b-18, and the program is subject to market conditions, applicable legal requirements, contractual obligations, and other factors.
Alliance Data Systems Corporation provides marketing and loyalty solutions in the United States and internationally. The company operates through three segments: LoyaltyOne, Epsilon, and Private Label Services and Credit. The LoyaltyOne segment owns and operates the AIR MILES Reward Program and Brand Loyalty program.
In an afternoon trade, PPG Industries, Inc (NYSE:PPG)’s shares gained1.26%, to $230.14.
Today, PPG Industries, Inc. held its annual meeting of shareholders in Pittsburgh, where Chairman and Chief Executive Officer Charles E. Bunch spoke about the company’s recent planned progress and record financial performance.
“Thanks to our customers and employees throughout the world, 2014 was another successful year for our 131-year-old company, both financially and strategically,” Bunch said. “We accomplished several actions to further strengthen our global coatings leadership position.”
Bunch highlighted some of the company’s recent planned actions, counting several acquisitions strengthening PPG’s coatings product portfolio, which now comprises about 93 percent of the company. He noted that the successful acquisition of Comex – the second-largest such transaction in PPG’s history – added one of the highest-quality coatings businesses in the world to PPG.
Also mentioned were the 2014 acquisitions of The Homax Group, Hi-Temp Coatings and Canal Supplies, in addition to noteworthy divestitures counting the sale of PPG’s ownership interest in Transitions Optical and the sale of its glass manufacturing facility in Mount Zion, Illinois.
Commenting on the company’s 2014 performance, Bunch said, “We achieved record net sales from ongoing operations of $15.4 billion, a raise of 8 percent. We also had record adjusted earnings per diluted share from ongoing operations of $9.75, up 27 percent. In addition, our raised capital investments in 2014 supported several major growth projects throughout the world.”
Looking ahead, Bunch said, “We are well-positioned to benefit from ongoing global growth due to our broad geographic reach, excellent product offering and pipeline of new and innovative products.”
PPG Industries, Inc. manufactures and distributes coatings, specialty materials, and glass products. The company’s Performance Coatings segment provides coatings products for automotive and commercial transport/fleet repair and refurbishing; light industrial and specialty coatings for signs; sealants, coatings, maintenance cleaners, and transparencies for commercial, military, regional jet and general aviation aircraft, and transparent armor for specialty applications; and chemical administration services.
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