On Thursday, Flextronics International Ltd. (NASDAQ:FLEX)’s shares showed no change to $11.31.
Flextronics International Ltd. (FLEX) declared that its Chennai facility in Sriperumbudur has been granted the Domestic Tariff Area (DTA) status which will allow the company to ship finished products locally. Flextronics has been operating in Chennai since 2005 at the SIPCOT Special Economic Zone (SEZ). By having both DTA and SEZ status, Flextronics is able to produce and deliver products for both domestic and export markets, with zero customs duty.
Flextronics International Ltd. provides design, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. The company offers innovation services, such as innovations labs for supporting customer design and product development services from early concept stages; collective innovation platform, an ecosystem of technology solutions; Lab IX startup accelerator program; centers of excellence solutions in critical areas; interconnect technology center for printed circuits; and CloudLabs that enables customers to accelerate a spectrum of cloud, converged infrastructure, and datacenter strategies. It also provides design and engineering services, counting contract design and joint development manufacturing services, which cover various technical competencies, such as system architecture, user interface and industrial design, mechanical engineering, technology, enclosure systems, thermal and tooling design, electronic system design, reliability and failure analysis, and component level development engineering; and systems assembly and manufacturing services, such as enclosures, testing services, and materials procurement and inventory administration.
TD Ameritrade Holding Corp. (NYSE:AMTD)’s shares dropped -0.56% to $37.26.
TD Ameritrade Holding Corporation (AMTD) declared company metrics for May 2015.
Monthly activities for May 2015 comprised of:
- An average of 427,000 client trades per day in May 2015, up 11 percent from May 2014 and down 7 percent from April 2015.
- $710.8 billion in total client assets as of May 31, 2015, up 12 percent from May 2014 and up 1 percent from April 2015.
- Average spread-based balances(1) of $95.1 billion, up 4 percent from May 2014 and essentially flat from April 2015.
- Average fee-based balances(1) of $161.8 billion, up 17 percent from May 2014 and up 1 percent from April 2015.
TD Ameritrade Holding Corporation provides securities brokerage services and related technology-based financial services to retail investors, traders, and independent registered investment advisors (RIAs) in the United States. Its products and services comprise tdameritrade.com, a Web platform for self-directed retail investors; Trade Architect, a Web-based platform that enables active investors and traders identify opportunities and stay informed; thinkorswim, a desktop platform for trading; and TD Ameritrade Mobile, which allows on-the-go investors and traders to trade and monitor accounts from Web-enabled mobile devices.
At the end of Thursday’s trade, CHC Group Ltd (NYSE:HELI)‘s shares surged 12.90% to $0.700.
Bernstein Liebhard LLP declares that a class action has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers (the “Class”) of CHC Group Ltd. (“CHC” or the “Company”) (HELI) common stock during the period of January 17, 2014 to July 10, 2014, inclusive (the “Class Period”), counting those traceable to CHC’s initial public offering (“IPO”) on January 16, 2014. The deadline to file a motion for lead plaintiff in a securities class action against CHC expires on July 17, 2015.
CHC Group Ltd. provides commercial helicopter services to the offshore oil and gas industry worldwide. The company operates in two segments, Helicopter Services and Heli-One. Its helicopters are primarily used to facilitate long-distance crew changes on offshore production facilities and drilling rigs. The company also offers search and rescue services, and emergency medical services to government agencies. As of April 30, 2014, it operated a fleet of heavy and medium commercial helicopters serving the offshore oil and gas industry with 236 helicopters through a network of about 70 bases in about 30 countries.
Greenbrier Companies In (NYSE:GBX), ended its Thursday’s trading session with -1.82% gain, and closed at $48.58.
The Greenbrier Companies, Inc. (GBX) stated financial results for its third fiscal quarter ended May 31, 2015.
Third Quarter Highlights
Net earnings attributable to Greenbrier for the quarter were $42.8 million, or $1.33 per diluted share, on record revenue of $714.6 million.
Results for the third quarter comprise non-recurring costs of about $5.2 million after-tax, or $0.16 per diluted share. These costs comprise professional fees and other transaction costs associated with a potential acquisition, for which talk about terminated in June, and our advocacy of new tank car safety regulations. In addition, a noteworthy decline in scrap metal prices adversely affected our wheel services business by $1.1 million after-tax, or $0.03 per diluted share.
Adjusted EBITDA for the quarter was a record $116.3 million, or 16.3% of revenue.
New railcar backlog as of May 31, 2015 was 45,100 units with an estimated value of $4.86 billion (average unit sale price of $108,000), contrast to 46,000 units with an estimated value of $4.78 billion (average unit sale price of $104,000) as of February 28, 2015.
Diversified orders for 5,300 new railcars valued at $640 million were received during the quarter.
Progress on Longer Term Financial Aims
- Aggregate gross margin expanded to 20.9%, contrast to 19.9% in the prior quarter, reaching the aim of at least 20% gross margin by the second half of fiscal 2016.
- We remain on track to reach the aim of at least 25% ROIC by the second half of fiscal 2016. Annualized ROIC of 21.3% reflects record operating results tempered by working capital needs associated with higher production and syndication volumes, and planned capital expenditure programs.
The Greenbrier Companies, Inc. designs, manufactures, and markets railroad freight car equipment in North America and Europe. Its Manufacturing Segment offers double-stack intermodal railcars; tank cars; auto-max railcar, multi-max auto rack, and flat cars for automotive transportation; conventional railcars, such as boxcars, covered hopper cars, center partition cars, bulkhead flat cars, and solid waste service flat cars; and pressurized tank cars, non-pressurized tank cars, gondolas and coil cars, coal cars, sliding wall cars, and automobile transporter cars; and marine vessels, counting conventional deck barges, double-hull tank barges, railcar/deck barges, barges for aggregates, and other heavy industrial products and dump barges.
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