On Thursday, Shares of Delek US Holdings, Inc. (NYSE:DK), dropped -3.68% to $36.92.
Delek US Holdings, declared that the Company intends to issue a press release summarizing first quarter 2015 results after the U.S. stock market closes on Tuesday, May 5, 2015. A conference call to talk about first quarter 2015 results is planned to start at 8:30 a.m. CT (9:30 a.m. ET) on Wednesday, May 6, 2015.
Delek US Holdings, Inc. operates as an integrated downstream energy company that operates in petroleum refining, wholesale distribution, and convenience store retailing businesses. The company operates in three segments: Refining, Logistics, and Retail.
Shares of First Solar, Inc. (NASDAQ:FSLR), declined -3.66% to $59.67, during its last trading session.
First Solar, declared financial results for the first quarter of 2015. Net sales were $469 million in the quarter, a decrease of $539 million from the fourth quarter of 2014. The sequential decrease in net sales resulted from retaining projects which would otherwise have generated revenue in anticipation of the Company’s declared plans to pursue a YieldCo. In addition, delays on multiple projects in the current quarter, a higher mix of module only sales and the sale of the SolarGen 2 project in the preceding quarter contributed to the lower revenue.
The Company stated a first quarter GAAP loss per fully diluted share of ($0.62), contrast to earnings of $1.89 in the preceding quarter. The decrease in net income contrast to the preceding quarter was due to lower revenue, the mix of systems projects under construction and a higher proportion of module only and module plus sales.
Cash and marketable securities at the end of the first quarter were about $1.5 billion, a decrease of about $507 million contrast to the preceding quarter. Cash flows used in operations were $418 million in the first quarter. The decrease in cash and marketable securities during the quarter was due also to the enhance in project construction on balance sheet in preparation for a YieldCo launch.
The Company also offered guidance for the second quarter of 2015 as follows:
- Net Sales of $750 to $850 million
- Earnings of $0.45 to $0.55 per fully diluted share, counting a non-recurring tax benefit of about $0.40
- Cash flow used in operating activities of ($250) to ($350) million.
First Solar, Inc. provides solar energy solutions worldwide. The company operates through two segments, Components and Systems. The Components segment designs, manufactures, and sells solar modules that convert sunlight into electricity.
At the end of Thursday’s trade, Shares of AECOM (NYSE:ACM), dwindled -3.66% to $31.56.
AECOM, declared that an AECOM-led joint venture with CH2M Hill, commonly known as UCOR, has been authorized by the U.S. Department of Energy (DOE) to perform optional work within the existing contract to continue cleanup of Tennessee’s Oak Ridge Reservation.
The options exercised are valued at $104 million, against the current $2.5-billion value of UCOR’s performance-based contract. Since starting work in August 2011, UCOR’s mission has been to remove environmental hazards and millions of square feet of legacy facilities from the former Oak Ridge Gaseous Diffusion Plant, now called East Tennessee Technology Park, and repurpose the land and buildings for use by new job-creating, commercial ventures. The joint venture is also responsible for cleanup work at other DOE Oak Ridge Reservation sites, surveillance and maintenance of select reservation facilities slated for demolition, and disposal of wastes.
According to Taylor, UCOR’s impressive safety record during its tenure played a role in the DOE’s decision to exercise the options, pointing out that employees and subcontractors have worked more than three million safe hours.
AECOM, together with its auxiliaries, provides professional technical and administration support services for public and private clients worldwide. The company operates through two segments, Professional Technical Services (PTS) and Administration Support Services (MSS).
Finally, Chart Industries Inc. (NASDAQ:GTLS), ended its last trade with -3.64% loss, and closed at $40.55.
Chart Industries, stated results for the first quarter ended March 31, 2015. Highlights comprise:
- Continues aggressive cost reduction actions counting planned shutdown of the Owatonna, Minnesota facility
- Venture Global LNG FEED study awarded.
Net income for the first quarter of 2015 was $5.2 million, or $0.17 per diluted share. First quarter 2015 earnings would have been $0.19 per diluted share not taking into account $0.9 million, or $0.02 per diluted share, of acquisition-related retention costs, in addition to facility shutdown and other severance costs recorded in the quarter. This compares with net income of $12.0 million, or $0.38 per diluted share, for the first quarter of 2014. First quarter 2014 earnings would have been $0.41 per share not taking into account $0.8 million, or $0.02 per diluted share, of acquisition-related costs in that period, in addition to a $0.01 per diluted share impact associated with Chart’s Convertible Notes.
In addition, foreign currency loss was $3.1 million for the first quarter of 2015, or $0.07 per diluted share, as the strength of the U.S. dollar had a noteworthynegative impact on our European operations. Foreign currency loss was $0.1 million in the first quarter of 2014.
Net sales for the first quarter of 2015 reduced 8% to $245.1 million from $266.2 million in the comparable period a year ago. Gross profit for the first quarter of 2015 was $72.5 million, or 29.6% of sales, as compared to $77.5 million, or 29.1% of sales, in the comparable quarter of 2014.
Chart Industries, Inc. manufactures and sells engineered equipment for the industrial gas, energy, and biomedical industries worldwide. The company operates in three segments: Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical. The E&C segment primarily provides brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, air cooled heat exchangers, and cold boxes for natural gas processing, liquefied natural gas (LNG), and industrial gas applications.
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