On Tuesday, Axcelis Technologies Inc (NASDAQ:ACLS)’s shares declined -1.71% to $2.87.
Axcelis Technologies, Inc. (ACLS) declared financial results for the second quarter ended June 30, 2015. Recent highlights comprise:
- Revenues of $78.4 million, a 7% enhance over the first quarter.
- Operating profit of $7.2 million, a 108.5% enhance over the first quarter.
- Improved gross margin to 34.6% from 31.9% in the first quarter.
- Raised cash and cash equivalents to $78.1 million from $74.5 million in the first quarter.
The Company stated second quarter revenue of $78.4 million, contrast to $73.3 million for the first quarter of 2015. Operating profit for the quarter was $7.2 million, contrast to $3.4 million for the first quarter. Net income for the quarter was $5.9 million, or $0.05 per share. This compares to net income for the first quarter of 2015 of $1.9 million, or $0.02 per share. Cash and cash equivalents was $78.1 million at June 30, 2015, contrast to $74.5 million on March 31, 2015.
Axcelis Technologies, Inc. designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips worldwide. It provides offers a line of high energy, high current, and medium current implanters for all application requirements.
AmTrust Financial Services Inc (NASDAQ:AFSI)’s shares gained 1.59% to $71.08.
In a press release issued under the same headline earlier recently by AmTrust Financial Services, Inc. (AFSI), please note that the Series D cash dividend should be $0.468750, not $0.467850. Also, the payable date should be September 15, 2015, not October 15, 2015 and the record date should be September 1, 2015, not October 1, 2015 as formerly stated.
AmTrust Financial Services, Inc., through its auxiliaries, underwrites and provides property and casualty insurance in the United States and internationally. It operates in three segments: Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program.
At the end of Tuesday’s trade, Olin Corporation (NYSE:OLN)‘s shares surged 0.31% to $22.47.
Olin Corporation (OLN) declared that its second quarter 2015 income from ongoing operations was $42.3 million, or $0.54 per diluted share, which compares to income from ongoing operations of $36.6 million, or $0.46 per diluted share in the second quarter of 2014. Sales in the second quarter of 2015 were $535.4 million contrast to $570.4 million in the second quarter of 2014.
Second quarter 2015 results comprised of a pretax gain of $52.2 million related to property damage and business interruption insurance recoveries resulting from the June 2014 incident at one of the two chlor alkali production units at our Becancour, Canada facility. Second quarter 2015 results also comprised of pretax acquisition-related financing and other costs of $22.1 million, raised legacy environmental costs of $3.9 million and pretax restructuring charges of $0.7 million.
Olin Corporation manufactures and sells chlor alkali products in the United States and internationally. The company operates through three segments: Chlor Alkali Products, Chemical Distribution, and Winchester. The Chlor Alkali Products segment provides chlorine/caustic soda that is used in pulp and paper processing, chemical manufacturing, and water purification, in addition to in the manufacture of vinyl chloride, bleach, swimming pool chemicals, and urethane chemicals; sodium hypochlorite for use in household cleaners, laundry bleaching, swimming pool sanitizers, semiconductors, water treatment, textile, pulp and paper, and food processing; and hydrogen used in fuel source, hydrogen peroxide, and hydrochloric acid.
Chicago Bridge & Iron Company N.V. (NYSE:CBI), ended its Tuesday’s trading session with 0.34% gain, and closed at $52.36.
CB&I (CBI) stated the second quarter resulted in strong earnings, improved cash flow and comprising operating performance. Net income for the second quarter was $169.5 million, or $1.55 per diluted share, an enhance of 14 percent from adjusted net income for the comparable period in 2014. Revenues were $3.2 billion, counting a $240 million negative impact attributable to the translation effect of the strong dollar. Net cash offered by operating activities during the second quarter was $95 million. New awards for the second quarter totaled $2.8 billion, and new awards for the first six months totaled $5.9 billion. Backlog remained fairly constant at nearly $29.4 billion, counting an adverse foreign exchange impact of $270 million year to date.
During the quarter, CB&I and its joint venture partners Chiyoda Corporation and Saipem were selected by Anadarko Petroleum Corporation to design and construct process and ancillary infrastructure associated with its LNG development program in Mozambique. CB&I anticipates to book its share of the initial phase of the project in the fourth quarter.
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.
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