During Thursday’s Current trade, Shares of Fastenal Company (NASDAQ:FAST), lost -0.12% to $40.61.
Fastenal Company of Winona, MN (FAST) stated the results of the quarter ended June 30, 2015. Except for per share information, or as otherwise noted below, dollar amounts are stated in thousands.
BUSINESS UPDATE
Fastenal is a growth centered organization and we constantly strive to make investments into growth drivers of our business. These investments typically center on people. By adding more people we add to our ability to interact with and ‘to serve’ our customers from our local store and to ‘back them up’ in some type of support role. Our aim is to aggressively add the former and to allow efficiency gains to limit the additions of the latter. In recent years this investment has also centered on more FAST Solutions(R) (industrial vending) devices ‘to serve’ our customers’ needs on a 24 hour / 7 day basis.
The table below summarizes our store employee count and our total employee count at the end of the periods presented. This is intended to demonstrate the energy (or capacity) added. Later in this document we talk about the average full-time equivalent employee count to assist explain the expense trends in more detail. The final two items below summarize our investments in FAST Solutions(R) (industrial vending) devices and in store locations.
Fastenal Company, together with its auxiliaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. The company offers fasteners, and other industrial and construction supplies primarily under the Fastenal name. Its fastener products comprise threaded fasteners, such as bolts, nuts, screws, studs, and related washers, which are used in manufactured products and building projects, in addition to in the maintenance and repair of machines and structures.
Shares of Blackhawk Network Holdings Inc (NASDAQ:HAWK), declined -1.40% to $44.95, during its current trading session.
Blackhawk Network Holdings, Inc. (HAWK) declared financial results for the second quarter ended June 20, 2015.
For the second successive quarter, they delivered adjusted operating revenue growth of 45% or higher CEO Bill Tauscher stated. In their U.S. retail segment, which accounted for 65% of adjusted operating revenues, adjusted operating revenues grew 26% over last year’s second quarter due to strong performance at Cardpool exchange, solid growth in open loop gift cards, and raised marketing revenues. The International retail segment recorded adjusted operating revenues growth of 36% during the second quarter, driven by raised marketing revenue in their Asia Pacific region to support the promotion of digital gaming products, partially offset by foreign exchange headwinds. Not taking into account both foreign exchange impact and marketing revenues, international adjusted operating revenues raised 14%. In their incentives and rewards segment, adjusted operating revenues grew 266%. Across all segments Company-wide adjusted operating revenues totaled $195 million for the quarter.
Blackhawk Network Holdings, Inc. provides a range of prepaid gift, telecom, and debit cards; and related prepaid products and payment services. It distributes closed loop gift cards, counting digital media and e-commerce, dining, electronics, entertainment, fashion, gasoline, home improvement, and travel; single-use non-reloadable open loop gift cards; and prepaid wireless or cellular cards used to load airtime onto the prepaid handsets, in addition to sells handsets.
Discover Financial Services (NYSE:DFS), during its Thursday’s current trading session decreased -2.91% to $57.77.
Discover Financial Services (DFS) stated net income of $599 million or $1.33 per diluted share for the second quarter of 2015, as contrast to $644 million or $1.35 per diluted share for the second quarter of 2014. The company’s return on equity for the second quarter of 2015 was 21%.
Second Quarter Highlights
- Total loans grew $3.2 billion, or 4.8%, from the preceding year to $69.0 billion.
- Credit card loans grew $2.2 billion, or 4.2%, to $54.9 billion and Discover card sales volume raised 2.3% from the preceding year or about 5% not taking into account gas purchases.
- Net charge-off rate for credit card loans reduced 5 basis points from the preceding year to 2.28% and the delinquency rate for loans over 30 days past due reduced 8 basis points to 1.55%.
- Payment Services transaction dollar volume for the segment was $47.5 billion, down 7% from the preceding year.
Discover Financial Services operates as a direct banking and payment services company in the United States. It operates in two segments, Direct Banking and Payment Services. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, counting private student loans, personal loans, home loans, home equity loans, prepaid cards, and other consumer lending, in addition to deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.
Finally, AmerisourceBergen Corp. (NYSE:ABC), decreased -2.17%, to $112.45.
AmerisourceBergen Corporation (ABC) stated that in its fiscal year 2015 third quarter ended June 30, 2015, adjusted diluted earnings per share raised 18.8 percent to $1.20. Revenue raised 12.8 percent to $34.2 billion in the quarter. On the basis of U.S. generally accepted accounting principles (GAAP), diluted earnings per share were $0.89 for the June quarter of fiscal 2015. In the tables that follow, we present our GAAP results in addition to GAAP to non-GAAP reconciliations.
Summary of Adjusted Quarterly Results
- Revenue:In the third quarter of fiscal 2015, revenue was $34.2 billion, up 12.8 percent contrast to the same quarter in the previous fiscal year, reflecting a 9 percent enhance in AmerisourceBergen Drug Corporation (ABDC) revenue, and a 22 percent enhance in AmerisourceBergen Specialty Group (ABSG) revenue.
- Gross Profit:Gross profit in the fiscal 2015 third quarter was $1.0 billion, a 22.4 percent enhance over the same period in the previous year, driven by strong revenue growth in ABDC and ABSG, and the addition of a full quarter of results from MWI Veterinary Supply, Inc. (MWI). Gross profit as a percentage of revenue raised 23 basis points to 2.94 percent.
- Operating Expenses:In the third quarter of fiscal 2015, operating expenses were $551 million, up 28.5 percent over the same period in the last fiscal year. The enhance in operating expenses in the quarter was driven by additional costs to support the enhance in revenue growth and the addition of MWI. Operating expenses as a percentage of revenue in the fiscal 2015 third quarter were 1.61 percent contrast with 1.41 percent for the same period in the previous fiscal year, driven by the higher expense profile of MWI.
AmerisourceBergen Corporation sources and distributes pharmaceutical products to healthcare providers, pharmaceutical and biotech manufacturers, and specialty drug patients in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to various healthcare providers, counting acute care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and other alternate site pharmacies, and other customers.
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