On Friday, Diageo plc (ADR) (NYSE:DEO)’s shares declined -0.79% to $112.31.
Diageo, the world’s leading spirits, beer and wine company, declared several leadership appointments to its leadership.
Diageo recently declared that Larry Schwartz, President North America would retire by the end of this calendar year. Recently, Diageo has declared that Deirdre Mahlan, presently Chief Financial Officer, is to be designated President Diageo North America. Deirdre’s replacement will be declared in due course and until that time she will continue in her current role as CFO of Diageo.
Diageo plc manufactures and distributes premium drinks. Its products comprise Scotch and Irish whiskey, gin, vodka, rum, and ready to drink products, in addition to beer and spirits, Irish cream liqueur, Raki, wine, tequila, Canadian and American whiskey, adult beverages, Cachaça, and finishing centre products. The company’s core brands comprise Johnnie Walker Red Label, Johnnie Walker Black Label, Crown Royal, Buchanan’s, J&B, Baileys, Smirnoff, Captain Morgan, Guinness, Shui Jing Fang, and Yenì Raki.
Jarden Corp (NYSE:JAH)’s shares dropped -0.67% to $55.00.
Jarden Corporation (JAH), a leading global consumer products company, declared recently that it has reached a definitive purchase agreement to acquire Waddington Group, Inc. (“Waddington”), a leading manufacturer and marketer of premium disposable tableware for commercial, foodservice and retail markets, from an investment fund managed by Olympus Partners, a private equity firm, and other stockholders for about $1.35 billion, subject to working capital and other adjustments.
The transaction provides a meaningful addition to Jarden’s portfolio while creating opportunities in cross-selling, broadening the distribution platform particularly in the B2B category, and deepening Jarden’s talent bench. Waddington, which is predictable to contribute about $800 million to 2016 revenues, will be stated as part of Jarden’s Branded Consumables segment. The transaction is predictable to be funded through a combination of cash on hand, common equity and a mix of bank debt and bonds.
Jarden Corporation manufactures, markets, and distributes consumer products worldwide. The company’s Outdoor Solutions segment offers camping and outdoor equipment; fishing and team sports equipment; alpine and nordic skiing, snowboarding, snowshoeing, and in-line skating products; technical and outdoor apparel and equipment; personal flotation devices, water sports equipment, and all-terrain vehicle gears; and inflatable air beds and accessories.
At the end of Friday’s trade, Old Dominion Freight Line (NASDAQ:ODFL)‘s shares surged 0.58% to $73.15.
Old Dominion Freight Line, Inc. (ODFL) declared financial results for the three-month and six-month periods ended June 30, 2015. Revenue raised 8.4% to $762.2 million for the second quarter of 2015 from $703.0 million for the same quarter of 2014. Net income was $85.6 million for the second quarter of 2015, a 15.9% enhance from $73.8 million for the second quarter last year, while earnings per diluted share were $1.00, a 16.3% enhance from $0.86 for the preceding-year quarter. Old Dominion’s operating ratio improved 100 basis points to 81.5% for the second quarter of 2015 from 82.5% for the second quarter of 2014.
For the first six months of 2015, revenue grew 10.2% to $1.46 billion from $1.32 billion for the same period in 2014. Net income raised 23.7% to $148.1 million for the first half of 2015 from $119.7 million for the first half of 2014, while earnings per diluted share rose 24.5% to $1.73 from $1.39. Old Dominion’s operating ratio improved 150 basis points to 83.2% for the first six months of 2015 from 84.7% for the first six months of 2014.
Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in North America. It provides regional, inter-regional, and national LTL services, counting ground and air expedited transportation, and consumer household pickup and delivery. The company also offers various value-added services comprising international freight forwarding, container drayage, truckload brokerage, supply chain consulting, and warehousing.
Alaska Air Group, Inc. (NYSE:ALK), ended its Friday’s trading session with 0.77% gain, and closed at $75.74.
Air Group, Inc. (ALK), stated second quarter 2015 GAAP net income of $234 million, or $1.79 per diluted share, contrast to $165 million, or $1.19 per diluted share in the second quarter of 2014. Not taking into account the impact of mark-to-market fuel hedge adjustments of $6 million ($4 million after tax, or $0.03 per diluted share), the company stated record adjusted net income of $230 million, or $1.76 per diluted share, contrast to adjusted net income of $157 million, or $1.13 per diluted share, in 2014.
Alaska Air Group, Inc., through its auxiliaries, provides passengers and cargo air transportation services primarily in the United States. The company operates through Alaska Mainline and Alaska Regional segments. It serves about 100 cities in Alaska, the Lower 48, Hawaii, Canada, and Mexico. As of December 31, 2014, the company’s fleet comprised of 137 Boeing 737 jet aircraft; and 51 Bombardier Q400 turboprop aircraft. The company was founded in 1932 and is based in Seattle, Washington.
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