On Tuesday, Shares of Oshkosh Corporation (NYSE:OSK), gained 5.81% to $51.52.
Oshkosh Corporation, stated fiscal 2015 second quarter net income of $54.6 million, or $0.69 per diluted share, contrast to $71.5 million, or $0.83 per diluted share, in the second quarter of fiscal 2014. Results for the second quarter of fiscal 2015 comprised of after-tax costs of $9.3 million incurred in connection with the refinancing of the Company’s senior notes due 2020. Not taking into account this item, fiscal 2015 second quarter adjusted net income was $63.9 million, or $0.81 per diluted share. Fiscal 2014 second quarter adjusted net income was $69.0 million, or $0.80 per diluted share, not taking into account after-tax costs of a pension curtailment of $2.6 million related to declared workforce reductions in the Company’s defense segment, after-tax costs of $7.0 million incurred in connection with the refinancing of the Company’s credit agreement and senior notes due 2017, and a $12.1 million tax benefit related to the reduction of a net operating loss valuation reserve. Fiscal 2015 second quarter results were negatively influenced contrast to the preceding year quarter by $0.05 per share from currencies, particularly the euro and Australian dollar, which declined against the U.S. dollar. Comparisons in this press release are to the corresponding period of the preceding year, unless otherwise noted.
Merged net sales in the second quarter of fiscal 2015 were $1.55 billion, a decrease of 7.4 percent. Significantly lower defense segment sales, as predictable, were offset in part by improved demand in the Company’s non-defense segments. On a constant currency basis, sales reduced 5.7 percent contrast to the second quarter of fiscal 2014.
Oshkosh Corporation designs, manufactures, and markets specialty vehicles and vehicle bodies worldwide. Its Access Equipment segment offers aerial work platforms and telehandlers used in construction, agricultural, industrial, institutional, and general maintenance applications.
At the end of Tuesday’s trade, Shares of Merge Healthcare Incorporated (MRGE), jumped 3.92% to $5.30.
Merge Healthcare, declared its financial and business results for the first quarter of 2015.
Financial Summary:
- GAAP net sales raised 7% to $54.4 million in the first quarter of 2015 contrast to $50.9 million in the first quarter of 2014;
- GAAP net income in the first quarter of 2015 was $17.7 million contrast to $0.3 million in the first quarter of 2014, primarily due to $16.8 million of net benefits and costs associated with the acquisition of D.R. Systems, the vast majority of which relates to the release of $18.4 million of tax asset valuation reserves in 2015 which reflect additional value unlocked in the corporate tax structure as a result of the acquisition;
- Adjusted net income raised 14% to $4.9 million (or $0.05 per share) in the first quarter of 2015 contrast to $4.3 million (or $0.04 per share) in the first quarter of 2014;
- Adjusted EBITDA was $10.5 million in the first quarter of 2015 contrast to $10.2 million in the first quarter of 2014; and
- Cash balance raised to $24.8 million as of March 31, 2015, contrast to $19.8 million, as of March 31, 2014, an enhance of 25%, inclusive of the $13 million spent in February 2015 to acquire D.R. Systems, Inc.
Merge Healthcare Incorporated develops software solutions that facilitate the sharing of images to create an electronic healthcare experience for patients and physicians worldwide. It operates in two segments, Merge Healthcare and Merge DNA.
Barrick Gold Corporation (NYSE:ABX), ended its last trade with 3.91% gain, and closed at $13.30.
Barrick Gold, declared that its Board of Directors has confirmed a dividend for the quarter of US5 cents per share, payable on June 15, 2015, to shareholders of record at the close of business on May 29, 2015.
The declaration and payment of dividends is at the discretion of the Board of Directors and will depend on the company’s financial results, cash requirements, future prospects and other factors deemed relevant by the Board.
Barrick Gold Corporation produces and sells gold and copper. The company is also involved in exploration and mine development activities. It conducts mining, development and exploration, and other activities in various countries, counting the United States, Canada, Australia, Argentina, Chile, Peru, the Dominican Republic, Papua New Guinea, Tanzania, Zambia, and Saudi Arabia.
Finally, Scientific Games Corporation (NASDAQ:SGMS), closed at $13.22, with 3.61% gain.
Scientific Games, declared that Baha Mar Casino & Hotel, the Caribbean’s newest and largest casino resort, has selected a host of Scientific Games solutions in systems, games, table products, and interactive to drive entertainment, assist transform customer service, enhance operating efficiency, and provide end-to-end casino and slot-administration solutions.
Baha Mar, the $3.5 billion resort in The Bahamas, conducted an extensive evaluation and competitive bidding process before choosing a broad array of Scientific Games’ Bally, Shuffle Master, WMS and Scientific Games Interactive products for its new 100,000-square-foot Las Vegas-style Baha Mar Casino & Hotel.
Working in partnership with Baha Mar, Scientific Games Interactive is breaking new ground by providing the casino the full SG Universe suite, anchored by Scientific Games’ award-winning mobile concierge app. SG Universe is the first solution of its kind to combine the Company’s Play4Fun Network™ — a social gaming experience that patrons can enjoy anywhere to play their favorite casino games in an online or mobile free-play environment — with on-property real-money mobile wagering and mobile concierge features into a single integrated and casino-branded mobile application.
Scientific Games Corporation develops technology-based products and services, and associated content for the gaming and lottery industries worldwide. The company operates through three segments: Gaming, Lottery, and Interactive.
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