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Friday 14 August 2015
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Pre- Market News Review: Dean Foods (NYSE:DF), Sanmina (NASDAQ:SANM), Spirit Airlines (NASDAQ:SAVE), Brunswick (NYSE:BC)

On Wednesday, Dean Foods Co (NYSE:DF)’s shares inclined 1.20% to $17.70.

For its impressive performance in ensuring world class workplace safety, Dean Foods’ Frostbite Novelty plant in Toledo, Ohio, was awarded the 2014 Dean Foods Environmental, Health and Safety (EHS) Award for ice cream. The award is the company’s top honor and the plant was selected over Dean Foods’ 8 other ice cream plants after a rigorous, one-year judging process.

Dean Foods CEO Gregg Tanner presented the award to Tom Jenkins, EHS Manager, Frostbite Novelty.

The Dean Foods CEO EHS Award is the culmination of an intensive assessment process. This year, three fluid milk plants, three logistics locations, and two ice cream plants, counting the Toledo facility, received the Excellence in EHS Award. The awards are based on multiple criteria counting: injury rates, workers compensation statistics, behavior-based safety elements like observation and coaching, internal audit scores and employee training.

Next, these eight locations were scrutinized further by Dean Foods’ senior leadership who took into account employee engagement, best practices and the ‘safety culture’ within the location. The Frostbite Novelty plant in Toledo emerged as the cream of the crop for the ice cream category.

Dean Foods Company, a food and beverage company, processes and distributes milk, and other dairy and dairy case products in the United States. It manufactures, markets, and distributes dairy case products, counting fluid milk, ice cream, cultured dairy products, creamers, ice cream mix, and other dairy products; and produces and distributes juices, teas, and bottled water.

Sanmina Corp (NASDAQ:SANM)’s shares gained 1.91% to $21.90.

Sanmina Corporation (“Sanmina” or the “Company”) (NASDAQ GS: SANM), a leading integrated manufacturing solutions company, recently stated financial results for the third fiscal quarter ended June 27, 2015.

Third Quarter Fiscal 2015 Summary

  • Revenue of $1.54 billion
  • GAAP operating margin of 3.1 percent
  • GAAP diluted earnings per share of $0.29
  • Non-GAAP(1)operating margin of 3.8 percent
  • Non-GAAP(1)diluted earnings per share of $0.53

Revenue for the third quarter was $1.54 billion, contrast to $1.53 billion in the preceding quarter and $1.60 billion for the same period of fiscal 2014.

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It offers product design and engineering services, counting initial development, detailed design, prototyping, validation, preproduction, and manufacturing design; manufacturing of components, subassemblies, and complete systems; final system assembly and test; direct order fulfillment and logistics, and supply chain administration services; and after-market product service and support.

At the end of Wednesday’s trade, Spirit Airlines Incorporated (NASDAQ:SAVE)‘s shares dipped -1.09% to $60.53.

Spirit Airlines, Inc. (SAVE) will hold a conference call to talk about second quarter 2015 results on Friday, July 24, 2015 at 10:00 a.m. ET. A live, listen-only webcast of the conference call will be accessible at http://ir.spirit.com. Any changes to the Company’s planned presentation time will be posted on its website under the Investor Relations section at http://ir.spirit.com.

Spirit Airlines, Inc. provides low-fare airline services. As of June 30, 2015, it operated about 360 daily flights to 57 destinations in the United States, Caribbean, and Latin America. As of December 31, 2014, the company had a fleet of 65 Airbus single-aisle aircraft comprising 29 A319s, 34 A320s, and 2 A321s. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida.

Brunswick Corporation (NYSE:BC), ended its Wednesday’s trading session with 2.81% gain, and closed at $53.08.

Spirit Airlines, Inc. (SAVE) stated second quarter 2015 financial results.

  • Adjusted net income for the second quarter 2015 raised 12.6 percent to $74.8 million ($1.03 per diluted share) contrast to the second quarter 20141. GAAP net income for the second quarter 2015 raised 18.3 percent year over year to $76.7 million ($1.05 per diluted share).
  • Adjusted pre-tax margin for the second quarter 2015 was 21.3 percent1. On a GAAP basis, pre-tax margin for the second quarter 2015 was 21.8 percent.
  • Spirit ended the second quarter 2015 with unrestricted cash and cash equivalents of $769.3 million.
  • Spirit’s return on invested capital (before taxes and not taking into account special items) for the twelve months ended June 30, 2015 was 29.4 percent2.

Spirit Airlines, Inc. provides low-fare airline services. As of June 30, 2015, it operated about 360 daily flights to 57 destinations in the United States, Caribbean, and Latin America. As of December 31, 2014, the company had a fleet of 65 Airbus single-aisle aircraft comprising 29 A319s, 34 A320s, and 2 A321s. Spirit Airlines, Inc. was founded in 1964 and is headquartered in Miramar, Florida.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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