During Thursday’s Current trade, Shares of Clean Energy Fuels Corp(NASDAQ:CLNE), lost -10.92% to $5.07.
Clean Energy Fuels Corp. (CLNE) declared operating results for the second quarter ended June 30, 2015.
Gallons delivered (defined below) for the second quarter of 2015 raised 15% to 74.4 million gallons, contrast to 64.8 million gallons delivered in the same period a year ago. Gallons delivered for the six months ended June 30, 2015 raised 21% to 149.6 million gallons, contrast to 124.1 million gallons delivered in the same period a year ago.
Revenue for the second quarter ended June 30, 2015 was $86.9 million, a decrease of $11.2 million or 11% contrast to $98.1 million for the second quarter of 2014. About $5.6 million of the decrease was the result of lower fuel prices which were driven by lower commodity costs in 2015 contrast to 2014. Construction revenue in the second quarter of 2015 was $5.2 million less than construction revenue in the second quarter of 2014, principally due to timing of revenue recognition. Revenue for Clean Energy Compression (formerly IMW), Clean Energy’s compression manufacturing partner, was lower by $8.1 million when contrast to the same period in 2014 due to the global decline in oil prices, the strength of the U.S. dollar, and slower than predictable sales in China. Incremental volumes in the second quarter of 2015 over volumes in the same period in 2014 resulted in about $7.9 million in incremental revenue in the second quarter of 2015 contrast to the same period in 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 Box Inc (NYSE:BOX), declined -0.43% to $14.00, during its current trading session.
Box (BOX) declared that 25-year IT industry veteran Paul Chapman has joined the company as its Chief Information Officer (CIO), responsible for driving a broad range of IT initiatives to support the company’s more than 1,200 employees worldwide and customer base of 47,000 organizations. Chapman, most recently CIO of HP Software for Hewlett-Packard Company (HP), brings a track record of leadership in optimizing business operations and driving productivity across global workforces.
As Box’s CIO, Chapman brings a unique view of IT innovation and a deep understanding of technical strategy and transformation. Most recently, as the CIO of HP Software for HP, Chapman was responsible for the IT organization supporting the development and delivery of IT solutions for HP Software and for defining and managing deployment of the HP global information administration strategy, analytics platforms, master data administration, enterprise data standards and data services.
Proceeding to HP, Chapman served as Vice President, Global Infrastructure and Cloud Operations and Vice President of Enterprise Applications at VMware and has held leadership roles at Affymetrix and Sun Microsystems. Chapman has a track record of accomplishments founded on strong team building, solid program administration disciplines and outside-in thinking. He holds a BS in Computer Science from Filton Tech in the United Kingdom.
Box, Inc. provides a cloud-based enterprise content partnershipplatform that enables organizations of various sizes to access, store, share, and manage their content/information. Its solutions comprise FTP alternative to keep content organized, share files, and manage content access; document administration; an executive boardroom for simplified meeting administration, security and control, and secure mobile access; project administration; a virtual data room; marketing asset administration; a sales portal; secure enterprise mobility; and business applications for enterprise-readiness.
Astronics Corporation (NASDAQ:ATRO), during its Thursday’s current trading session gained 0.79% to $52.99.
Astronics Corporation (ATRO), a leading supplier of products to the global aerospace, defense, consumer electronics and semiconductor industries, recently stated financial results for the second quarter and six months ended July 4, 2015.
Merged Review
Second Quarter 2015 Results
Merged sales for the second quarter of 2015 were $173.2 million, down slightly from $174.6 million for the same period last year as strength in Aerospace sales assisted to offset lower Test Systems segment sales. The 2015 second quarter comprised of $7.1 million in sales from Armstrong Aerospace, Inc. (“Armstrong”), attained on January 14, 2015. Organic sales for the quarter reduced $8.5 million, or 4.9%, on lower Test System segment sales.
Merged gross margin was 28.6% in the second quarter of 2015 contrast with 24.7% in the second quarter of 2014. The second quarter of 2014 comprised of $8.7 million of inventory fair value step-up expense of attained businesses contrast with $0.1 million in the second quarter of 2015. Engineering and development (“E&D”) costs were $21.3 million in the second quarter of 2015, counting $1.6 million for Armstrong. E&D costs in last year’s second quarter were $20.7 million. As a percent of sales, E&D was 12.3% and 11.9% in the second quarters of 2015 and 2014, respectively.
Astronics Corporation, through its auxiliaries, designs and manufactures products for aerospace, defense, consumer electronics, and semi-conductor industries worldwide. It operates in two segments, Aerospace and Test Systems. The Aerospace segment offers lighting and safety systems, electrical power generation, distribution and motions systems, aircraft structures, avionics products, and other products.
Finally, Enbridge Inc (USA) (NYSE:ENB), decreased -0.37%, to $43.01.
Enbridge Inc. (ENB) declared second quarter adjusted earnings of $505 million or $0.60 per common share. Accessible cash flow from operations (ACFFO) raised to $808 million, or $0.96 per common share, from $516 million, or $0.63 per common share for the second quarter of 2014.
Commencing with the second quarter results, Enbridge is reporting ACFFO as a supplemental metric to assess the performance of its business. Enbridge declared full year ACFFO guidance of $3.30 to $4.00 per share.
During the second quarter, Enbridge declared a contract to transfer its Canadian Liquids Pipelines business and Canadian renewable energy assets to Enbridge Income Fund (the Fund) for units of the Fund and its auxiliaries valued at $30.4 billion, plus incentive distribution and temporary performance distribution rights (the Transaction). The Transaction is on track to close in the third quarter of 2015, subject to regulatory approvals and a vote of the public shareholders of Enbridge Income Fund Holdings Inc. (ENF), at a special meeting to be held on August 20, 2015.
Enbridge Inc. operates as an energy transportation and distribution company in the United States and Canada. Its Liquids Pipelines segment operates common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals. The company’s Gas Distribution segment operates as a natural gas utility that serves residential, commercial, and industrial customers in Central and Eastern Ontario, and Northern New York State, in addition to in Quebec and New Brunswick.
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