On Wednesday, Tupperware Brands Corporation (NYSE:TUP)’s shares declined -3.72% to $67.25.
Yesterday, Tupperware Brands Corporation (TUP), declared first quarter 2015 operating results.
Rick Goings, Chairman and CEO, commented, “We delivered right in the middle of our sales guidance in the first quarter, up 3% in local currency, despite a difficult comparison and a few challenged markets, demonstrating the strength of our diversified global portfolio. Noteworthy contributors to sales growth were Argentina, Brazil, China, Tupperware U.S. and Canada, and the South African businesses.”
Goings continued, “We feel confident in our ability to deliver improved results in the quarter ahead through the levers in our business model. At the same time, we look toward the future and executing our strategies to contemporize the business model, strengthen our core business fundamentals and extend our reach to better support and grow our 2.9 million global sales force.”
First Quarter Executive Summary
First quarter 2015 net sales were $582 million. Emerging markets**, accounting for 66% of sales, achieved an 8% raise in local currency. Established markets were down 6% in local currency primarily from Europe.
GAAP net income of $29.5 million, down 44% as compared to prior year GAAP net income of $52.2 million. Not including the influence of foreign currency rates on the comparison, net income was down 16% as compared to preceding year. Adjusted diluted E.P.S. of $1.02 comprised of a 33 cent negative influence as compared to 2014 from changes in foreign exchange rates, which was four cents worse than the 29 cent influence comprised of in January’s guidance. Earnings per share without items was down 22% as compared to last year in dollars and up 4% in local currency.
Total sales force of 2.9 million was up 2% as compared to preceding year at the end of the quarter.
First Quarter Business Highlights
- Europe: Strong raises by Portugal and the two South African businesses offset by lower sales in France and Germany
- Segment sales were down 3% in local currency (down 20% in dollars).
- Emerging markets were up 9% in local currency. Raise driven by Tupperware South Africa up 17%, Avroy Shlain in South Africa, up 15%, the small Middle East businesses, up 86%, and CIS, up 1%.
- Established markets were down 9% in local currency. Germany was down 11% unable to recover from low sales in January. France was down 14% with some offset by Portugal, up 35% and Austria, up 9%.
Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories worldwide. The company engages in the manufacture and sale of design-centric preparation, storage, and serving solutions for the kitchen and home, in addition to a line of cookware, knives, microwave products, microfiber textiles, and water related items under the Tupperware brand name.
Werner Enterprises, Inc (NASDAQ:WERN)’s shares dropped -3.54% to $30.29, during the last trading session on Wednesday.
Yesterday, Werner Enterprises, (WERN), a premier transportation and logistics provider, observed Earth Day Wednesday, April 22, at its global headquarters in Omaha, Nebraska. Steve Phillips, senior vice president of Fleet Resources, presented an update on Werner’s current sustainability improvements and initiatives.
“We are very proud of our ongoing sustainability results,” Phillips said. “Over the past seven years, we have reduced our carbon footprint by more than 1.3 million tons, and that couldn’t have happened without major investments in fuel-efficient technologies and the steadfast commitment of all of our associates.”
The event featured vehicles with alternative fuel engines, counting a Werner CNG (Compressed Natural Gas) truck. Members from OPPD (Omaha Public Power District) were accessible to explain the potential cost savings of a home energy analysis in addition to air conditioning administration. Millard Sprinkler was on hand to talk about water conservation, and a representative from Chevrolet was present to highlight the advantages of vehicles powered by alternative fuels. Also, experts from several Werner departments were present to talk about the company’s latest green initiatives.
Through Werner’s commitment to controlling excessive fuel consumption and pollutants, the company has conserved more than 120 million gallons of fuel since 2007 and reduced its carbon footprint by more than 1.3 million tons. Werner incorporates industry-leading sustainability efforts into its business model, counting installing diesel-fired heating systems to reduce truck idle time, utilizing aerodynamic trucks, equipping trailers with trailer skirts, using tire inflation systems, implementing the newest diesel technology and adding CNG trucks to its fleet.
Werner Enterprises, Inc., a transportation and logistics company, engages in transporting truckload shipments of general commodities in interstate and intrastate commerce. The company operates in two segments, Truckload Transportation Services and Value Added Services. The Truckload Transportation Services segment operates regional short-haul fleet, which transports various consumer nondurable products and other commodities in truckload quantities using dry van trailers; medium-to-long-haul van fleet that provides comparable truckload van service over irregular routes; and the expedited fleet, which offers time-sensitive truckload services.
At the end of Wednesday’s trade, Heartland Express, Inc (NASDAQ:HTLD)‘s shares dipped -3.51% to $67.25.
Yesterday, Heartland Express, Inc (HTLD), declared recently financial results for the quarter ended March 31, 2015. Highlights of the quarter comprised of:
- Net Income raised 25.1%,
- Earnings per share raised 25%,
- Record cash flows from operations of $55.7 million,
- Repaid all long-term debt within 14 months of initial borrowing,
- Operating results raised cash reserves by $34.9 million,
- Year-over-year operating ratio improvement from 90.8% to 84.9%,
- 13% raise in average driver wages, counting detention pay after 1 hour.
Financial Results
Heartland Express (the “Company”) ended the first quarter of 2015 with net income of $17.6 million, contrast to $14.1 million in the first quarter of 2014, a 25.1% raise. Basic earnings per share were $0.20 during the quarter contrast to $0.16 earnings per share in the first quarter of 2014, a 25.0% raise. Operating revenues were $187.5 million, a 16.5% decrease, contrast to $224.5 million in the first quarter of 2014. Operating revenues for the quarter comprised of fuel surcharge revenues of $26.1 million contrast to $45.9 million in the same period of 2014, a $19.8 million decrease. Operating revenues reduced 9.6% not including the influence of fuel surcharge revenues. Operating income for the three-month period was positively influenced by an $8.1 million raise in gains on disposal of property and equipment and a $9.6 million decrease in net fuel expense. The Company posted an operating ratio (operating expenses as a percentage of operating revenues) of 84.9% and a 9.4% net margin (net income as a percentage of operating revenues) in the first quarter of 2015 contrast to 90.8% and 6.3%, respectively in the first quarter of 2014.
Heartland Express, Inc., through its auxiliaries, operates as a short-to-medium haul truckload carrier of general commodities in the United States and Canada. The company primarily provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California, in addition to temperature-controlled transportation services and non-asset-based freight brokerage services using company-owned and leased revenue equipment, and independent contractor tractors. It transports appliances, automotive parts, consumer products, paper products, packaged foodstuffs, and retail goods.
Pan American Silver Corp. (USA) (NASDAQ:PAAS), ended its Wednesday’s trading session with -3.54% loss, and closed at $30.29.
On April 21, Pan American Silver (PAAS), will declare its unaudited 2015 first quarter results on Monday, May 11th after market close. A conference call and live audio webcast with a presentation to talk about the results will be held on Tuesday, May 12th at 10:00 am ET (7:00 am PT).
Q1 2015 Unaudited Results Conference Call and Webcast Information
Date: Tuesday, May 12th, 2015
Time: 10:00 am Eastern Time – 7:00 am Pacific Time
Pan American Silver Corp., together with its auxiliaries, operates and develops, and explores for silver producing properties and assets in Mexico, Peru, Argentina, and Bolivia. The company also produces and sells gold, zinc, lead, and copper. It holds interests in the Huaron, Morococha, Alamo Dorado, Dolores, La Colorada, Manantial Espejo, and San Vicente mines. The company was founded in 1979 and is headquartered in Vancouver, Canada.
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