On Thursday, MasTec, Inc. (NYSE:MTZ)’s shares inclined 1.41% to $16.53.
MasTec, Inc. (MTZ) declared 2015 second quarter financial results and updated its guidance for the balance of the year.
Second quarter 2015 revenue reduced 3.7% to $1.07 billion from $1.1 billion in the preceding year quarter. The quarterly revenue change was primarily composed of revenue declines in the Electrical Transmission and Communications segments, partially offset by revenue enhances in the Oil & Gas and Power Generation & Industrial segments. Second quarter 2015 net loss from ongoing operations was $3.8 million, or $0.05 per diluted share, contrast to net income from ongoing operations of $33.7 million, or $0.39 per diluted share, for the second quarter of 2014. Second quarter 2015 results comprise about $0.14 per diluted share for non-operating and non-core charges not comprised of in preceding year results, composed primarily of WesTower acquisition integration costs, Audit Committee investigation related costs and the nonrecurring impact of an income tax law change in Alberta, Canada.
MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure in the United States and internationally. It operates in five segments: Communications, Oil and Gas, Electrical Transmission, Power Generation and Industrial, and Other.
Unum Group (NYSE:UNM)’s shares gained 0.58% to $32.91.
Unum Group (UNM) stated net income of $224.3 million ($0.90 per diluted common share) for the second quarter of 2015, contrast to net income of $239.4 million ($0.93 per diluted common share) for the second quarter of 2014.
After-tax operating income, which excludes after-tax realized investment gains and losses on the Company’s investment portfolio, counting a second quarter of 2014 hedge gain associated with the retirement of debt, the amortization of preceding period actuarial losses on the Company’s pension plans, and costs related to the second quarter of 2014 early retirement of debt, was $222.6 million ($0.89 per diluted common share) in the second quarter of 2015, contrast to $231.7 million ($0.90 per diluted common share) in the second quarter of 2014. The combined impact of the amounts excluded resulted in a net after-tax gain of $1.7 million ($0.01 per diluted common share) for the second quarter of 2015, contrast to a net after-tax gain of $7.7 million ($0.03 per diluted common share) in the second quarter of 2014.
Unum Group, together with its auxiliaries, provides group and individual disability insurance products in the United States and the United Kingdom. The company operates through three segments: Unum US, Unum UK, and Colonial Life. It provides group long-term and short-term disability, group life, accidental death and dismemberment, individual disability, supplemental and voluntary products, and group and individual long-term care insurance products, in addition to accident, sickness and disability products, life products, and cancer and critical illness products.
At the end of Thursday’s trade, Lockheed Martin Corporation (NYSE:LMT)‘s shares surged 0.65% to $205.36.
Lockheed Martin (LMT) and Weibel Scientific A/S entered a partnership to apply Weibel’s legacy in radar systems to ballistic missile defense (BMD) by creating the Gap-Filling Tracking Radar (GFTR).
The GFTR will be designed and implemented to provide full and overlapping coverage against a broad spectrum of threats across the European continent. Its precision tracking and discrimination capabilities will enable warfighters to defend across large geographical areas counting fully leveraging advanced capabilities being incorporated in the NATO European BMD architecture.
The partnership is part of an industrial cooperation agreement between Lockheed Martin and Weibel with the Danish Business Authority’s approval following the Royal Danish Air Force’s acquisition of nine U.S. Navy MH-60R SEAHAWK® helicopters. The work will be accomplished at Weibel Scientific Facilities in Denmark and the Aegis BMD development site in Moorestown, New Jersey.
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It also provides administration, engineering, technical, scientific, logistics, and information services. Its Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies.
KAR Auction Services Inc (NYSE:KAR)), ended its Thursday’s trading session with 0.46% gain, and closed at $36.99.
Insurance Auto Auctions, Inc. (IAA), a business unit of KAR Auction Services (KAR), and the leading live and live-online salvage auto auction company, recently declared the recent expansion of its Austin branch. The facility, now comprising 57 acres, offers IAA buyers and sellers an improved auction experience.
IAA relocated its Austin branch in July 2012 to the current location, which initially spanned 37 acres and featured two covered run-and-drive lanes and 250 feet of covered motorcycle and high-value vehicle storage area. The recent expansion of 20 acres, accomplished this month, gives IAA more versatility in providing quality service and raised production to a higher volume of customers.
IAA’s unmatched operational expertise assists to provide end-to-end solutions and standardized quality assurance practices. IAA buyers have access via their mobile devices and can bid on up to eight auctions at a time. The IAA Auction Center offers auctions in six languages counting: English, Spanish, Mandarin Chinese, French, Polish and Russian. An estimated 30 percent of IAA’s vehicles are sold and exported to foreign countries, which further strengthens its philosophy of choice and flexibility with “anywhere” access and mobile technology.
KAR Auction Services, Inc., together with its auxiliaries, provides vehicle auction services in North America. It operates in three segments: ADESA Auctions, IAA, and AFC. The ADESA Auctions segment offers whole car auctions and related services to the vehicle remarketing industry through online auctions and auction facilities. It also provides value-added services, such as auction related, transportation, reconditioning, inspection, title and repossession administration and remarketing, and analytical services. This segment sells its products and services through vehicle manufacturers, rental car companies, and finance companies.
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