On Wednesday, in the course of current trade, Shares of Cummins Inc. (NYSE:CMI), climbed 0.67%, and is now trading at $132.08.
Cummins Inc., declared that Dr. John Wall, Vice President — Chief Technical Officer, will be retiring after nearly 30 years with the Company. Wall has been at the center of many pivotal moments and initiatives in Cummins’ history over the past quarter century.
Jennifer Rumsey, Vice President of Engineering for Cummins’ Engine Business, will take Wall’s place. She is the first woman to serve as the Company’s top technical leader.
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products. It operates through four segments: Engine, Distribution, Components, and Power Generation.
During an Afternoon trade, Shares of NRG Yield, Inc. Class C (NYSE:NYLD), climbed 1.14%, and is now trading at $1.14.
NRG Yield, declared that, in connection with its formerly declared offering of $250 million in aggregate principal amount of its 3.25% convertible senior notes due 2020 (the “Notes”), the underwriters of the offering have exercised in full their option to purchase an additional $37.5 million in aggregate principal amount of the Notes, bringing the total aggregate principal amount of Notes sold in the offering to $287.5 million. The closing of the offering was predictable to occur on June 29, 2015, subject to customary closing conditions.
NRG Yield, Inc., through its auxiliaries, acquires, owns, and operates contracted renewable and conventional generation, and thermal infrastructure assets in the United States. As of December 31, 2014, it had 4 natural gas or dual-fired facilities, 4 thermal generation facilities, 11 utility-scale solar and wind generation facilities, and 2 portfolios of distributed solar facilities with a capacity of about 2,984 net megawatt (MW).
Shares of Kohl’s Corporation (NYSE:KSS), during its Wednesday’s current trading session fell -0.89%, and is now trading at $62.03.
Kohl’s Corporation, declared that it has commenced a cash tender offer for up to a combined aggregate principal amount of $600,000,000 of its 7.250% Debentures due 2029, 6.875% Notes due 2037, 6.000% Debentures due 2033, and 6.250% Notes due 2017.
Kohl’s Corporation operates department stores in the United States. It offers private label, exclusive, and national brand apparel, footwear, accessories, beauty, and home products to children, men, and women customers.
Finally, Greenbrier Companies Inc (NYSE:GBX), lost -3.42% Wednesday.
Greenbrier Companies, stated financial results for its third fiscal quarter ended May 31, 2015.
Third Quarter Highlights
- Net earnings attributable to Greenbrier for the quarter were $42.8 million, or $1.33 per diluted share, on record revenue of $714.6 million.
- Results for the third quarter comprise non-recurring costs of about $5.2 million after-tax, or $0.16 per diluted share. These costs comprise professional fees and other transaction costs associated with a potential acquisition, for which talk aboutions terminated in June, and our advocacy of new tank car safety regulations. In addition, a noteworthydecline in scrap metal prices adversely affected our wheel services business by $1.1 million after-tax, or $0.03 per diluted share.
- Adjusted EBITDA for the quarter was a record $116.3 million, or 16.3% of revenue.
- New railcar backlog as of May 31, 2015 was 45,100 units with an estimated value of $4.86 billion (average unit sale price of $108,000), contrast to 46,000 units with an estimated value of $4.78 billion (average unit sale price of $104,000) as of February 28, 2015.
- Diversified orders for 5,300 new railcars valued at $640 million were received during the quarter.
- New railcar deliveries totaled 5,700 units for the quarter, contrast to 5,200 units for the quarter ended February 28, 2015.
- Marine backlog as of May 31, 2015 was about $70 million.
- Board declares a quarterly dividend of $0.15 per share payable on August 5, 2015 to shareholders of record as of July 15, 2015.
- Repurchased 28,363 shares of common stock at a cost of $1.5 million during the quarter.
The Greenbrier Companies, Inc. designs, manufactures, and markets railroad freight car equipment in North America and Europe. Its Manufacturing Segment offers double-stack intermodal railcars; tank cars; auto-max railcar, multi-max auto rack, and flat cars for automotive transportation; conventional railcars, such as boxcars, covered hopper cars, center partition cars, bulkhead flat cars, and solid waste service flat cars; and pressurized tank cars, non-pressurized tank cars, gondolas and coil cars, coal cars, sliding wall cars, and automobile transporter cars; and marine vessels, counting conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
