On Wednesday, in the course of current trade, Shares of Danaher Corp. (NYSE:DHR), gained 2.04%, and is now trading at $87.75, hitting its highest level.
Today, Danaher Corporation declared its intention to separate the company into two independent, publicly traded companies. The transaction will create:
- A science and technology growth company united by common business model characteristics, counting noteworthy recurring revenue and an attractive margin profile. The company will retain the Danaher name. Collectively, its businesses generated about $16.5 billion in revenues (counting Pall Corporation, which Danaher has signed a contract to acquire), in their most recently accomplished fiscal years.
- A diversified industrial growth company (“NewCo”) with market leading positions, strong brand names and tremendous free cash flow generation. NewCo’s businesses generated about $6.0 billion in revenues in the most recently accomplished fiscal year.
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company’s Test & Measurement segment provides test, measurement, and monitoring products that are used in electronic design, manufacturing, and technology development; hardware and software solutions to deploy, manage, and secure communication network technologies and services; and tools, toolboxes, and automotive maintenance equipment.
During an Afternoon trade, Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE), gained 1.04%, and is now trading at $8.75.
Clean Energy Fuels, declared operating results for the first quarter ended March 31, 2015.
Gallons delivered for the first quarter of 2015 raised 27% to 75.2 million gallons, contrast to 59.3 million gallons delivered in the same period a year ago. CNG, LNG and RNG gallons delivered were 52.4 million, 18.3 million and 4.5 million, respectively, for the first quarter of 2015, contrast to 39.4 million, 16.7 million and 3.2 million, respectively, in the same period of 2014.
Revenue for the first quarter of 2015 was $85.8 million, a decrease of 10% contrast to $95.3 million for the first quarter of 2014. Construction revenue in the first quarter of 2015 was $9.8 million less than construction revenue in the first quarter of 2014, principally due to timing of revenue recognition on construction projects in-process as of March 31, 2015 totaling about $9.1 million. Lower fuel prices which were driven by lower natural gas commodity costs reduced revenue by about $3.7 million in the first quarter of 2015 contrast to the same period in 2014. Revenue for IMW Industries, Ltd. (IMW), Clean Energy’s compressor manufacturing partner, was lower by $7.9 million when contrast to the same period in 2014 due to anticipated effects of the soft global oil market and changes in customer mix. Revenue related to gallons delivered raised by $8.4 million comparing the first quarter of 2015 to the first quarter of 2014.
Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. It designs, builds, operates, and maintains fueling stations; and supplies compressed natural gas (CNG) fuel for light, medium, and heavy-duty vehicles, in addition to liquefied natural gas (LNG) fuel for medium and heavy-duty vehicles.
Shares of Colgate-Palmolive Co. (NYSE:CL), during its Wednesday’s current trading session fell -0.12%, and is now trading at $67.80.
Colgate-Palmolive’s Noel Wallace, President, Colgate-Latin America, will present on Tuesday, May 19, 2015 at 4:10 a.m. ET at the Barclays Americas Select Franchise Conference.
Colgate-Palmolive Company, together with its auxiliaries, manufactures and markets consumer products worldwide. It operates in two segments: Oral, Personal and Home Care; and Pet Nutrition.
Finally, The Wendy’s Company (NASDAQ:WEN), gained 0.31% Wednesday.
The Wendy’s Company, stated unaudited results for the first quarter ended March 29, 2015.
First-quarter 2015 summary
- Same-restaurant sales raised 2.6 percent at North America Company-operated restaurants in the first quarter of 2015, while same-restaurant sales raised 3.4 percent at North America franchise-operated restaurants. Systemwide same-restaurant sales raised 3.2 percent during the first quarter of 2015. Higher sales at reimaged Image Activation restaurants contributed about 150 basis points to Company-operated same-restaurant sales results, primarily from raised customer counts.
- Merged revenues were $466.2 million in the first quarter of 2015, contrast to $523.2 million in the first quarter of 2014. The 10.9 percent decrease resulted from the ownership of 240 fewer Company-operated restaurants at the end of the 2015 first quarter contrast to the end of the 2013 fourth quarter, together with lower technical assistance fees attributable to a year-over-year reduction in the number of Company-operated restaurants sold. Partly offsetting this decrease were higher same-restaurant sales and raised rent and royalty revenue.
The Wendy’s Company, through its auxiliaries, owns and franchises Wendys restaurant system. The company is involved in operating, developing, and franchising a system of quick-service restaurants. As of December 28, 2014, its restaurant system comprised of 6,515 restaurants, of which about 957 were company-operated restaurants in the United States and 27 foreign countries.
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