On Thursday, MDU Resources Group Inc (NYSE:MDU)’s shares declined -2.29% to $20.44.
MDU Resources Group Inc (MDU) declared that the Dakota Prairie refinery initiated diesel product sales to the market on May 15. The 20,000 barrels-per-day refinery is the first greenfield fuels refinery built in the U.S. since 1976 and is co-owned and operated with Calumet Specialty Products Partners (CLMT).
Construction of the facility began March 26, 2013. June is predictable to be the first full month of production with inputs maintained at 20,000 barrels per day. Outputs are predictable to be about 7,000 barrels per day of diesel fuel, 6,500 barrels per day of naphtha, 6,000 barrels per day of atmospheric tower bottoms and 300 barrels per day of natural gas liquids.
MDU Resources Group, Inc. operates as a diversified natural resource company in the United States. The company’s Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. As of December 31, 2014, it served about 138,000 residential, commercial, industrial, and municipal customers in 177 communities and adjacent rural areas.
The Madison Square Garden Co (NASDAQ:MSG)’s shares dropped -0.45% to $85.88.
The Madison Square Garden Co (MSG) declared that the Garden of Dreams Foundation will auction off, via Charitybuzz, the banner recognizing Billy Joel’s original record of “the longest run of any artist” with 12 successive shows to benefit the charitable organization. The Charitybuzz auction is running now through Friday, June 26 at noon (EDT). The auction winner will receive the signed banner and two tickets to a future Billy Joel show at Madison Square Garden. Joel’s original record was set in 2006 and the banner recognizing this achievement hung from the Garden rafters until his January 2015 performance.
The Garden of Dreams Foundation works with The Madison Square Garden Company to bring the magic of MSG — counting MSG Entertainment, the Knicks, Rangers, Liberty and MSG Networks — to children facing obstacles. Since its inception in 2006, Garden of Dreams has created enduring programs and once-in-a-lifetime experiences that have brought joy and happiness to more than 275,000 children and their families. The Foundation takes pride in its commitment to truly change lives, hosting more than 500 event and programs each year. In addition, through its Garden of Dreams Giving program, the Foundation assists meet the critical needs of the children they serve, counting through direct support of scholarships and tangible, targeted community projects.
The Madison Square Garden Company, together with its auxiliaries, is engaged in sports, entertainment, and media businesses in the United States. It operates through three segments: MSG Sports, MSG Media, and MSG Entertainment. The MSG Sports segment owns and operates sports franchises, counting New York Knicks, New York Rangers, New York Liberty, Hartford Wolf Pack, and Westchester Knicks.
At the end of Thursday’s trade, Brown-Forman Corporation (NYSE:BF.B)‘s shares surged 1.77% to $98.46.
Brown-Forman Corporation (BF.B) stated financial results for its fourth quarter and fiscal year ended April 30, 2015. For the full year, stated net sales1 raised 4% to $4,096 million (+6% on an underlying basis2), stated operating income raised 6% to $1,027 million (+9% on an underlying basis), and diluted earnings per share raised 5% to $3.21 contrast to $3.06 in the prior year period. Stated earnings per share growth was negatively influenced by six points due to adverse foreign exchange and two points due to a higher effective tax rate.
For the fourth quarter, stated net sales raised 6% to $947 million (+10% on an underlying basis) and stated operating income raised 23% to $232 million (+22% on an underlying basis). Diluted earnings per share in the quarter raised 8% to $0.66, contrast to $0.62 in the prior year period.
Fiscal 2015 Highlights
- Underlying net sales raised over 6%, driven by the company’s premium American whiskey portfolio
- Price/mix contributed three points to net sales growth and gross margin expanded 60bps
- Jack Daniel’s family of brands grew underlying net sales 8% (+5% stated) counting 6% underlying net sales growth for Jack Daniel’s Tennessee Whiskey (+3% stated)
- Jack Daniel’s Tennessee Honey grew underlying net sales 28% (+27% stated)
- Brown-Forman’s super/ultra-premium whiskey brands3grew total underlying net sales 16% (+15% stated) and surpassed one million cases
- Herradura grew underlying net sales 25% (+24% stated)
- Sales growth was balanced by geography and the United States delivered its 4th straight year of value share gains
Fiscal 2015 Performance By Market - Balanced Geographic Delivery of Growth
The company drove solid gains across most markets, emerging and developed. Underlying net sales grew 8% (+10% stated) in the United States, 4% (-1% stated) in developed markets outside of the United States, and 9% (0% stated) in the emerging markets.
The company enjoyed one of its strongest years in recent history in the United States, fueling the fourth straight year of value-based market share gains. Jack Daniel’s Tennessee Whiskey approached the five million case milestone on the heels of a successful campaign to reignite the pioneer in craft American whiskey. The brand’s growth is particularly noteworthy against a backdrop where most other top ten brands are experiencing sales declines in the United States6. Jack Daniel’s brand family’s 9% underlying net sales growth was driven by strong results in the off-premise in addition to improving on-premise trends, better mix due to innovation and premiumization, and the fourth quarter launch of Jack Daniel’s Tennessee Fire.
Brown-Forman Corporation is engaged in the manufacture, bottling, import, export, marketing, and sale of alcoholic beverages. It provides whiskey, ready-to-drink cocktails, vodka, tequilas, champagnes, wines, liqueur, and other distilled spirits. The company offers its products primarily under the Jack Daniel’s, Gentleman Jack, Southern Comfort, Finlandia, Antiguo, el Jimador, Herradura, Pepe Lopez, Woodford Reserve, Canadian Mist, Chambord, Collingwood, Early Times, Korbel Champagne, Little Black Dress, Maximus, Old Forester, Sonoma-Cutrer, and Tuaca brands.
Fortinet Inc (NASDAQ:FTNT), ended its Thursday’s trading session with -1.45% loss, and closed at $39.50.
Fortinet Inc (FTNT) declared that three of its channel marketing leaders: Krissy Kelley, senior director of Partner Programs, Jennifer McDonald, director of Partner Marketing, and Michelle Patterson, director of Field and Channel Marketing, have been named to The Channel Company’s prestigious 2015 CRN® Women of the Channel. The annual list honors outstanding female executives across vendor channel organizations, distributors, solution providers and other women prominently involved in the IT channel ecosystem for their successes and the far-reaching impact they are having on the technology industry going forward.
This year’s Women of the Channel were carefully reviewed and selected by the editors of CRN based on their accomplishments and the influence they wield over the technology channel.
Krissy Kelley was also honored as one of the Power 100, a distinguished subset of the CRN Women of the Channel that recognizes female leaders with an exemplary record of success and high-level in the channel. Krissy is dedicated to increasing partner engagement and to each partner’s experience in the various Fortinet partner programs. She is focused on providing partners with the tools and resources they need to effectively sell the Fortinet’s story to customers and prospects.
Fortinet, Inc. provides cyber security solutions for enterprises, service providers, and government organizations worldwide. The company offers FortiGate physical and virtual appliances products that provide various integrated security and networking functions to protect data, applications, and users from network- and content-level security threats; FortiManager product family to manage the system configuration and security functions of multiple FortiGate devices from a centralized console; and the FortiAnalyzer product family, which enables the collection, analysis, and archiving of content and log data generated by its products.
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