On Tuesday, Shares of Green Plains Inc. (NASDAQ:GPRE), gained 4.38% to $32.15.
Green Plains, declared its financial results for the first quarter of 2015. Net loss for the quarter was $3.3 million, or ($0.09) per diluted share, contrast to net income of $43.2 million, or $1.04 per diluted share, for the same period in 2014. Revenues were $738.4 million for the first quarter of 2015 contrast to $733.9 million for the same period in 2014.
During the first quarter, Green Plains’ ethanol production totaled 232.5 million gallons, or about 92.4% of its daily average production capacity. Non-ethanol operating income from the corn oil production, agribusiness, and marketing and distribution segments was $19.0 million in the first quarter of 2015 contrast to $41.1 million for the same period in 2014.
Green Plains had $420.5 million in total cash and equivalents and $154.2 million accessible under committed loa contracts at auxiliaries (subject to borrowing base restrictions and other specified lending conditions) at March 31, 2015. First quarter 2015 EBITDA, which is defined as earnings before interest, income taxes, depreciation and amortization, was $18.8 million contrast to $94.1 million for the same period in 2014.
Green Plains Inc. produces, markets, and distributes ethanol in the United States. The company operates through four segments: Ethanol Production, Corn Oil Production, Agribusiness, and Marketing and Distribution.
At the end of Tuesday’s trade, Shares of Scorpio Tankers Inc. (NYSE:STNG), jumped 3.41% to $10.31, hitting its highest level.
Scorpio Tankers, stated its results for the three months ended March 31, 2015.
Results for the three months ended March 31, 2015 and 2014
For the three months ended March 31, 2015, the Company’s adjusted net income was $39.3 million, or $0.26 basic and $0.24 diluted earnings per share, which excludes (i) a gain of $2.0 million, or $0.01 per basic and diluted shares, related to the closing of the sales of Venice , STI Harmony and STI Heritage and (ii) an unrealized loss on derivative financial instruments of $0.6 million, or $0.00 per basic and diluted shares. For the three months ended March 31, 2015, the Company had net income of $40.7 million, or $0.27 basic and $0.25 diluted earnings per share.
For the three months ended March 31, 2015, the Company’s basic and diluted weighted average number of shares were 151,838,124 and 186,916,874, respectively. The diluted weighted average number of shares comprises the potentially dilutive shares regarding the company’s Convertible Senior Notes due 2019 representing 30,679,767 potential common shares.
For the three months ended March 31, 2014, the Company’s adjusted net income was $1.9 million, or $0.01 basic and diluted earnings per share, which excludes (i) a gain of $51.4 million, or $0.27 per share, resulting from the sales of seven Very Large Crude Carriers (‘VLCCs’) under construction, and (ii) an unrealized gain on derivative financial instruments of $47,000 or $0.00 per share. For the three months ended March 31, 2014, the Company had net income of $53.3 million, or $0.28 basic and diluted earnings per share.
Scorpio Tankers Inc., together with its auxiliaries, engages in the seaborne transportation of refined petroleum products and crude oil worldwide.
Waters Corporation (NYSE:WAT), ended its last trade with 2.94% gain, and closed at $125.59, hitting its highest level.
Waters Corporation, stated first quarter 2015 sales of $460 million, an enhance of 7% in comparison to sales of $431 million in the first quarter of 2014. Foreign currency translation reduced sales growth by 8%. On a GAAP basis, earnings per diluted share (EPS) for the first quarter of 2015 were $1.15 contrast to $0.82 for the first quarter of 2014. On a non-GAAP basis, counting the adjustments in the attached reconciliation, EPS were up 32% to $1.21 contrast to $0.92 in the preceding year quarter.
Commenting on the quarter, Douglas A. Berthiaume, Chairman, President, and Chief Executive Officer, said, “Broad-based end customer, product and geographical demand characterized our exceptional organic revenue growth in the first quarter. In addition, raised operating margins contributed to strong double-digit growth in our adjusted earnings per share and solid cash generation.”
Waters Corporation operates as an analytical instrument manufacturer in the United States and internationally. The company’s Waters division designs, manufactures, sells, and services high performance liquid chromatography, ultra performance liquid chromatography, and mass spectrometry technology systems and support products, counting chromatography columns, other consumable products, and post-warranty service plans.
Finally, Iron Mountain Inc. (NYSE:IRM), closed at $37.28, with 2.87% gain.
Iron Mountain, and CloudBlue, an Ingram Micro Company (IM), declared a new service offer that brings together distinct capabilities in security, services, and scale from two industry leading information administration companies. Iron Mountain will offer CloudBlue’s IT Asset Disposition services paired with Iron Mountain’s secure chain of custody and logistics. Unlike other solutions accessible recently, the combination of Iron Mountain and CloudBlue means customers’ equipment will be picked up by trained and vetted Iron Mountain employees and tracked through Iron Mountain’s secure chain of custody and delivered to CloudBlue’s facilities for processing.
Customers take data security very seriously and when IT assets have reached their end of life, it’s important to take disposal of those assets and related data seriously. CloudBlue provides secure and sustainable disposition solutions for enterprises worldwide and was named a Leader in Gartner’s 2014 Magic Quadrant for IT Asset Disposition, Worldwide.
The Gartner Magic Quadrant for IT Asset Disposition, Worldwide, states: “The three most important tasks to execute correctly, and to which ITAD executives should pay special attention, are data sanitization, transportation logistics and recycling. These three areas constitute the greatest risk in the ITAD process, so they should be handled by an practiced, well-vetted ITAD service vendor.”
Iron Mountain Incorporated, together with its auxiliaries, provides storage and information administration services in North America, Europe, Latin America, and the Asia Pacific. It operates through North American Records and Information Administration Business, North American Data Administration Business, and International Business segments.
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