On Thursday, Peabody Energy Corporation (NYSE:BTU)’s shares declined -7.60% to $4.50.
Peabody Energy Corporation (BTU) stated first quarter 2015 revenues of $1.54 billion, leading to Adjusted EBITDA of $165.6 million. Diluted Loss Per Share from Ongoing Operations and Adjusted Diluted EPS totaled $(0.62), counting a $0.23 impact related to refinancing the 2016 Senior Notes.
RESULTS FROM ONGOING OPERATIONS
First quarter revenues totaled $1.54 billion contrast with $1.63 billion in the preceding year due to lower realized pricing and a shift in U.S. production mix toward the Southern Powder River Basin. First quarter Adjusted EBITDA of $165.6 million declined 6 percent from the preceding year, and comprises the impact of $100 million in lower pricing and the timing of Resource Administration transactions.
Peabody Energy Corporation offers mining of coal. The company operates through Western U.S. Mining, Midwestern U.S. Mining, Australian Mining, Trading and Brokerage, and Corporate and Other segments. It is involved in mining and sale of thermal coal to electric utilities and metallurgical coal for industrial customers.
Meritage Homes Corp (NYSE:MTH)’s shares dropped -6.96% to $43.95.
Meritage Homes Corp (MTH) declared first quarter results for the period ended March 31, 2015.
ADMINISTRATION COMMENTS
Steven J. Hilton, chairman and chief executive officer of Meritage Homes stated that they achieved strong growth in the first quarter of 2015 over 2014 in many of their operating metrics, counting orders, closing revenue and ending backlog value, increasing their confidence in meeting or surpassing our plan for the year.
Meritage Homes Corporation designs and builds single-family detached homes in Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee in the United States.
At the end of Thursday’s trade, Flotek Industries Inc (NYSE:FTK)‘s shares dipped -6.88% to $14.49.
Flotek Industries Inc (FTK) declared results for the three months ended March 31, 2015.
As stated on Form 10-Q filed with the U.S. Securities and Exchange Commission, Flotek stated that revenue for the three months ended March 31, 2015, was $82.4 million contrast to $102.6 million for the three months ended March 31, 2014. Merged revenue for the three months ended March 31, 2015, reduced $20.2 million, or 19.7%, relative to the comparable period of 2014. The decrease in revenue was driven by the steep decline in oilfield activity as indicated by the 25.5% decline in the average North American rig count.
Flotek Industries, Inc. develops and supplies oilfield products, services, and equipment to the oil, gas, and mining industries in the United States and internationally. Its Energy Chemical Technologies segment designs, develops, manufactures, packages, and markets specialty chemicals used in oil and gas well drilling, cementing, completion, stimulation, and production.
Texas Instruments Incorporated (NASDAQ:TXN), ended its Thursday’s trading session with -6.83% loss, and closed at $54.72.
Texas Instruments Incorporated (TXN) stated first-quarter revenue of $3.15 billion, net income of $656 million and earnings per share of 61 cents.
Regarding the company’s performance and returns to shareholders, Rich Templeton, TI’s chairman, president and CEO, made the following comments:
Revenue growth of 6 percent was the sixth successive quarter of year-over-year growth and within the range of their expectations. Automotive and industrial markets were strong, as they predictable they would be. Revenue, however, was in the bottom half of their range for two reasons. First was weak demand in the last month of the quarter in their personal electronics market, particularly PCs, and in their communications equipment market, particularly wireless infrastructure equipment. Second was a steep decline in the currency exchange rate for the euro relative to the U.S. dollar.
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates through two segments, Analog and Embedded Processing.
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