Insights about U.S. Stocks from mix sectors that landed in the Green-Zone in the course of Tuesday’s trade, are depicted underneath:
Chart Industries, Inc (NASDAQ:GTLS)’s shares picked up 4.52%, and closed at $37.23, during the last trading session, soon after the news release that a leading diversified global manufacturer of highly engineered equipment for the industrial gas, energy, and biomedical industries, formerly on February 24, stated results for the fourth quarter and year ended December 31, 2014. Highlights comprise:
- Record sales and operating revenue for 2014 on solid execution,
- Strong balance sheet and liquidity to weather market uncertainty and capitalize on opportunities,
- Robust 2014 operating cash flow of $119 million,
- Cost reduction actions implemented in response to current energy environment.
Net revenue for the fourth quarter of 2014 was $26.9 million, or $0.88 per diluted share. This compares with net revenue of $23.2 million, or $0.71 per diluted share, for the fourth quarter of 2013. Net revenue for the year 2014 was $81.9 million, or $2.67 per diluted share. This compares with net revenue of $83.2 million, or $2.60 per diluted share, for the year 2013.
Net sales for the fourth quarter of 2014 raised 7.3% to $326.1 million from $303.8 million in the comparable period a year ago. Gross profit for the fourth quarter of 2014 was $96.9 million, or 29.7% of sales, as compared to $93.8 million, or 30.9% of sales, in the comparable quarter of 2013.
Net sales for the year 2014 improved to $1,193.0 million, up 1.3% from 2013 net sales of $1,177.4 million. Gross profit for 2014 was $357.9 million, or 30.0% of sales, contrast to $351.7 million, or 29.9% of sales, in the full year 2013.
Chart Industries, Inc. manufactures and sells engineered equipment for the industrial gas, energy, and biomedical industries worldwide. The corporation operates in three segments: Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical. The E&C segment primarily provides brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, air cooled heat exchangers, and cold boxes for natural gas processing, liquefied natural gas (LNG), and industrial gas applications.
Basic Energy Services, Inc (NYSE:BAS) raised 4.51%, and closed at $7.65, soon after Basic Energy Services, Inc. declared that its administration is presenting at the Raymond James 36th Annual Institutional Investors Conference to be held in Orlando, Florida from March 1-4, 2015.
Basic Energy Services, Inc. provides well site services to oil and natural gas drilling and producing companies in the United States. Its Completion and Remedial Services segment offers pumping services, such as cementing, acidizing, fracturing, nitrogen, and pressure testing; rental and fishing tools; coiled tubing; snubbing services; thru-tubing; cased-hole wireline services; and underbalanced drilling in low pressure and fluid sensitive reservoirs.
MBIA Inc (NYSE:MBI), enhanced 4.50%, and closed at $9.28, soon after the news release that MBIA Inc. stated combined operating revenue (a non-GAAP measure defined in the attached Explanation of Non-GAAP Financial Measures) of $185 million for the year ended December 31, 2014 contrast with a combined operating loss of $15 million in 2013. The improvement in combined operating revenue for the year ended December 31, 2014 was primarily the result of decreases in insurance losses and loss adjustment expenses (LAE) and lower operating expenses partially offset by lower premiums earned, a decline in net investment revenue and reduced fees and reimbursements.
The Corporation’s combined operating revenue for the fourth quarter of 2014 was $22 million contrast with a combined operating loss of $383 thousand for the same period of 2013. The raise in combined operating revenue for the three months ended December 31, 2014 contrast with the same period of 2013 was driven primarily by a lower provision for revenue taxes.
Adjusted Book Value (ABV) per share (a non-GAAP measure defined in the attached Explanation of Non-GAAP Financial Measures) was $24.87 as of December 31, 2014 contrast with $24.05 as of December 31, 2013. The raise in ABV per share was primarily driven by combined operating revenue and a decrease in ordinary shares outstanding resulting from share repurchases. The Corporation repurchased 3.3 million of its ordinary shares during 2014.
Merged GAAP net revenue was $20 million, or $0.10 per diluted share, for the fourth quarter of 2014 contrast with merged net revenue of $132 million, or $0.68 per diluted share, for the same period of 2013. The decrease in stated merged net revenue in the fourth quarter of 2014 was primarily due to lower unrealized gains on insured derivatives, partially offset by a lower provision for revenue taxes. The Corporation recorded merged net revenue of $569 million, or $2.76 per diluted ordinary share for the year ended December 31, 2014, contrast with merged net revenue of $250 million, or $1.29 per diluted ordinary share, for the full year 2013. The raise in merged net revenue for the full year 2014 contrast with the preceding year was primarily attributable to higher net gains on insured derivatives and a reduction in operating expenses.
MBIA Inc., together with its auxiliaries, provides financial guarantee insurance and related reinsurance, advisory, and portfolio services for the public and structured finance markets; and asset administration advisory services in the United States and internationally. The corporation operates through three segments: United States Public Finance Insurance, Structured Finance and International Insurance, and Advisory Services.
Emerald Oil Inc (NYSEMKT:EOX) enhanced 4.46%, and closed at $1.17, soon after the news release that Emerald Oil, Inc. plans to declare its fourth quarter and year-end 2014 financial and operational results on Tuesday, March 10, 2015 after the close of trading on the NYSE MKT. The Corporation will host a conference call on Wednesday, March 11, 2015 at 10:00 a.m. Eastern Time to talk about financial and operational results for the quarter and year-end.
Emerald Oil, Inc. operates as an independent oil and natural gas exploration and production corporation in the United States. It designs, drills, and operates oil and natural gas wells in prospective natural resource plays within the continental United States, primarily focused on the Williston Basin located in North Dakota and Montana.
