On Friday, Shares of EnerNOC, Inc. (NASDAQ:ENOC), surged 16.38% to $12.86.
EnerNOC, declared that it will release financial results for the first quarter of 2015 on Thursday, May 7, 2015 after the market closes. The Company’s administration team plans to host a live conference call and webcast at 5:00 p.m. eastern time on that day to talk about financial results and administration’s outlook for the business.
EnerNOC, Inc. provides energy intelligence software (EIS) and related solutions for commercial, institutional, and industrial customers. The company offers EIS and related solutions to enterprise customers with a Software-as-a-Service solution to manage energy supplier selections, procurement, and implementation.
At the end of Friday’s trade, Shares of Syngenta AG (NYSE:SYT), jumped 16.23% to $77.92.
Syngenta AG, declared that the 2014 annual report for Syngenta Finance NV has been filed with the Luxembourg Stock Exchange and the Netherlands Authority for the Financial Markets (AFM).
Syngenta AG, an agribusiness company, engages in the discovery, development, manufacture, and marketing of a range of products designed to enhance crop yields and food quality worldwide.
MRC Global Inc. (NYSE:MRC), ended its last trade with 14.66% gain, and closed at $16.74.
MRC Global, declared first quarter 2015 results.
The company’s sales were $1.292 billion for the first quarter of 2015, which were 1% lower than the first quarter of 2014 and 14.5% lower than the fourth quarter of 2014. As contrast to the first quarter of 2014, sales were negatively influenced by $46.1 million in the first quarter of 2015 due to weaker foreign currencies relative to the U.S. dollar. Net income for the first quarter of 2015 was $29.1 million, or $0.28 per diluted share, contrast to a first quarter 2014 net income of $23.5 million, or $0.23 per diluted share.
MRC Global’s first quarter 2015 gross profit of $219.9 million, or 17.0% of sales, declined from first quarter 2014 gross profit of $232.1 million, or 17.8% of sales. The 80 basis point decline was a result of the impact of product mix changes and margin pressure in certain product categories related to the decline in oil prices. Gross profit for the first quarter 2015 and 2014 reflected a benefit of $0.2 million and a charge of $1.3 million, respectively, in cost of sales regarding the use of the LIFO method of inventory cost accounting.
Selling, general and administrative (“SG&A”) expenses were $159.4 million, or 12.3% of sales, for the first quarter of 2015 contrast to $171.4 million, or 13.1% of sales, for the same period of 2014. SG&A for the first quarter of 2015 comprised of $1.8 million of severance and related charges resulting from cost reduction efforts in addition to $2.9 million of incremental expenses related to our MSD Engineering Pte. Limited (“MSD”) and Hypteck AS acquisitions. No such severance charges occurred during the first quarter of 2014.
Adjusted EBITDA was $86.7 million for the first quarter of 2015 contrast to $84.0 million for the same period in 2014.
MRC Global Inc., through its auxiliaries, distributes pipes, valves, fittings, and related products and services to the energy and industrial sectors in the Unites States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, needle, and plug valves.
Finally, Callidus Software Inc. (NASDAQ:CALD), closed at $14.16, with 14.66.
Callidus Software, declared financial results for the first quarter ended March 31, 2015.
Financial Highlights for the First Quarter 2015
Total revenue was $39.7 million for the first quarter, an enhance of 28%. Total recurring revenue was $28.9 million, which comprises SaaS revenue of $25.0 million and maintenance revenue of $3.9 million. SaaS revenue raised 37% over the same quarter in the preceding year, benefiting from the continued success in our Lead to-Money solution, and the Clicktools acquisition in the third quarter of 2014. Services and license revenue was $10.9 million, comprising of $10.3 million in services revenue and $0.6 million in license revenue. Services and license revenue raised 24% contrast to the same quarter in the preceding year. Cash and short-term investments were $101.3 million, counting $64.4 million in net proceeds from the March 2015 secondary offering.
GAAP Performance
- Recurring revenue gross margin was 71%, contrast to 67% for the same quarter in the preceding year.
- Operating loss was $3.6 million contrast to $2.1 million for the same quarter in the preceding year.
- Net loss was $4.0 million, or ($0.08) on a per share basis, contrast to a net loss of $2.5 million, or ($0.05) per share, for the same quarter in the preceding year.
- Cash from operations was $8 million in the current quarter contrast to $5.5 million cash from operations for the same quarter in the preceding year.
Non-GAAP Performance
The following non-GAAP measures are described below and are reconciled to the corresponding GAAP measures at the end of this release.
- Recurring revenue gross margin was 74%, contrast to 71% for the same quarter in the preceding year.
- Operating income was $2.5 million contrast to $1.5 million for the same quarter in the preceding year.
- Net income was $2.0 million, or $0.04 per fully diluted share, contrast to $1.3 million, or $0.03 per fully diluted share for the same quarter in the preceding year.
Callidus Software Inc. provides enterprise software and related services to telecommunications, insurance, banking, and technology markets worldwide. It offers Marketing Automation to generate sales leads by capturing intelligence about buyers’ behaviors and engaging them across multiple channels.
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