On Thursday, Chicago Bridge & Iron Company N.V. (NYSE:CBI)’s shares inclined 1.38% to $45.48.
CB&I (CBI) declared it has been awarded a contract valued at about $120 million by a leading hydrocarbon operator for long-term maintenance at its facilities in Peru.
Chip Ray, President of CB&I’s Capital Services operating group stated that One of their key strategies is to expand their maintenance and related services globally, This award demonstrates their efforts are working, and it strengthens CB&I’s business in South America.
Chicago Bridge & Iron Company N.V. provides conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program administration, and environmental services worldwide. The companys Engineering, Construction and Maintenance segment offers engineering, procurement, and construction services for energy infrastructure facilities, in addition to comprehensive and integrated maintenance services. Its projects comprise nuclear, fossil, and renewable electric generating plants for the power industry; and upstream and downstream process facilities for the oil and gas industry.
Under Armour Inc (NYSE:UA)’s shares gained 0.12% to $84.49.
Under Armour, Inc. (UA) will report the results of its second quarter ended June 30, 2015 on Thursday, July 23, 2015 at 7:15 a.m. ET. Under Armour administration will host a conference call to talk about the results starting at 8:30 a.m. ET. This call will be webcast live at http://investor.underarmour.com/events.cfm and will be archived and accessible for replay about three hours after the live event.
Under Armour, Inc., together with its auxiliaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, the Middle East, Africa, the Asia-Pacific, and Latin America. The company offers its apparel in compression, fitted, and loose types to be worn in hot, cold, and in between the extremes. It offers various footwear products, counting football, baseball, lacrosse, softball and soccer cleats, slides, performance training, running, basketball, and outdoor footwear.
At the end of Thursday’s trade, Trinity Industries Inc (NYSE:TRN)‘s shares surged 3.24% to $25.18.
Trinity Industries Inc (TRN) declared that the United States District Court for the Eastern District of Texas, Marshall Division, has entered judgment in the federal False Claims Act (the “Act”) case filed against the Company by Joshua Harman involving the ET Plus® System (“ET Plus”). Trinity Highway Products, LLC manufactures the ET Plus following exclusive licensing granted by the Texas A&M University System. The judgment was predictable after post-verdict, court-ordered mediation failed to resolve the numerous legal issues involved.
In October 2014, a jury awarded $175.0 million in damages in this case which alleged certain violations of the Act. Under the Act, the award is automatically trebled to $525.0 million. In addition, the District Court imposed civil penalties in the amount of $138.4 million and awarded attorney’s fees, expenses and costs to the relator in the amount of $19.0 million. The amount of the total judgment is $682.4 million. To appeal the case, the Company may be required to post a supersedeas bond that could equal the amount of the judgment entered plus interest, which the Company anticipates to obtain on an unsecured basis.
Trinity Industries, Inc. provides various products and services for the energy, transportation, chemical, and construction sectors in the United States and internationally. Its Rail Group segment offers railcars, counting autorack, box, covered hopper, gondola, intermodal, tank, and open hopper cars; and couplers, axles, and other equipment, in addition to railcar maintenance services. This segment serves railroads, leasing companies, and industrial shippers of various products.
GrafTech International Ltd (NYSE:GTI), ended its Thursday’s trading session with 0.20% gain, and closed at $5.00.
GrafTech International Ltd. (GTI) will report earnings for the second quarter ended June 30, 2015, on Wednesday, July 29, 2015.
GrafTech’s webcast and conference call with investors and analysts will be held on the same day at 11:00 am Eastern Time.
GrafTech International Ltd. manufactures and sells graphite and carbon material science-based solutions. It operates through two segments, Industrial Materials and Engineered Solutions. The Industrial Materials segment manufactures and delivers graphite electrodes, which are components of the conductive power systems used to produce steel and non-ferrous metals; carbon, semi-graphitic, and graphite refractory hearth linings for blast and submerged arc furnaces used to produce iron and ferroalloys; and petroleum needle coke, a crystalline form of carbon used in the production of graphite electrodes.
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