On Thursday, Shares of SunCoke Energy Inc. (NYSE:SXC), gained 10.61% to $17.52.
SunCoke Energy, stated first quarter 2015 net income attributable to SXCP of $12.6 million, down slightly from the preceding year period. Current period results reflect year over year improvement in coke operating performance, raised ownership interest in our Haverhill and Middletown cokemaking facilities, as well as the impact of the January 2015 dropdown of a 75 percent interest in the Granite City cokemaking operation, offset by transaction and financing costs.
FIRST QUARTER RESULTS
- Revenues were $203.3 million in first quarter 2015, a decline of $11.2 million from same preceding year period primarily due to the pass-through of lower coal costs in our Domestic Coke segment and lower volumes in our Coal Logistics segment.
- Operating income and Adjusted EBITDA rose $4.5 million and $6.6 million in first quarter 2015 to $33.7 million and $48.3 million, respectively, driven by higher sales volumes and improved coal-to-coke yields in our cokemaking operations.
- First quarter 2015 net income attributable to SXCP was $12.6 million as compared to preceding year net income attributable to SXCP of $13.2 million.
SunCoke Energy, Inc. operates as an independent producer of coke in the Americas. The company offers metallurgical and thermal coal for use as a raw material in the blast furnace steelmaking process. It also provides coal handling and blending services. The company was incorporated in 2010 and is headquartered in Lisle, Illinois.
Shares of CoreLogic, Inc. (NYSE:CLGX), gained 10.14% to $39.22, during its last trading session, hitting its highest level.
CoreLogic, stated financial results for the quarter ended March 31, 2015.
First-Quarter Financial Highlights
First quarter revenues raised 12% from preceding year levels to $364.8 million. Revenue growth was principally attributable to higher demand for property data, analytics and underwriting solutions in addition to market share gains and the benefits of the acquisition of Marshall & Swift /Boeckh (MSB) and DataQuick (DQ). D&A revenues rose 19% contrast with preceding year to $165.6 million driven principally by gains in insurance, international and core property data, which more than offset the impact of unfavorable foreign currency translation and lower multifamily services revenues. TPS revenues raised 6% year-over-year to $201.6 million driven primarily by higher demand for underwriting solutions which more than offset lower specialty credit and project-related document processing and retrieval revenues.
Operating income from ongoing operations totaled $49.3 million for the first quarter contrast with $14.8 million for the first quarter of 2014. The 232% enhance in operating income resulted primarily from higher revenues, favorable operating leverage in our mortgage-related underwriting solutions businesses and lower expenses related to the cost efficiency programs, which were partially offset by raised depreciation and amortization associated with the acquisition of MSB and DQ. Preceding year operating income also reflected certain costs related to the Company’s planned transformation program counting transaction costs of $8.5 million related to the MSB and DQ acquisitions and costs associated with the integration of the tax and flood services operations of Bank of America (BAC tax and flood) totaling $4.4 million, which had no 2015 counterpart. First quarter 2015 operating income margin was 14%, up from 5%.
First quarter net income from ongoing operations totaled $29.3 million contrast with a net loss of $3.2 million in 2014. The $32.5 million year-over-year jump was primarily driven by higher operating income and lower interest costs, which more than offset the impact of raised provisions for income taxes. Diluted EPS from ongoing operations totaled $0.32 for the first quarter of 2015 contrast with a loss of $0.03 in the first quarter of 2014. Adjusted diluted EPS totaled $0.46, up 156% reflecting the positive impacts of revenue growth, margin improvement and share repurchases.
Adjusted EBITDA totaled $100.9 million in first quarter 2015 contrast with $65.4 million in first quarter 2014. First quarter 2015 adjusted EBITDA margin was 28%, up from 20% in 2014. The enhance in adjusted EBITDA and margins was principally the result of double-digit revenue growth and favorable business mix in addition to lower costs resulting from ongoing cost administration programs. In addition, 2014 adjusted EBITDA comprised of integration costs attributable to the BAC tax and flood acquisition which had no 2015 counterpart. D&A adjusted EBITDA totaled $53.5 million, a 41% enhance from 2014, as higher revenues from insurance and property information and cost containment benefits more than offset unfavorable currency translation. TPS adjusted EBITDA raised 58% to $58.8 million as operating leverage, cost administration benefits and lower acquisition-related integration costs drove improved results.
CoreLogic, Inc. provides property information, analytics, and data-enabled services in North America, Western Europe, and the Asia Pacific. The company operates through two segments, Technology and Processing Solutions and Data & Analytics (D&A).
At the end of Thursday’s trade, Shares of Leju Holdings Limited (NYSE:LEJU), gained 9.93% to $10.07.
Leju Holdings Limited, declared that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2014 with the Securities and Exchange Commission on April 21, 2015.
Leju will provide a hard copy of the annual report containing its audited merged financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations department, Leju Holdings Limited, 15/F Floor, Shoudong International Plaza, No. 5 Building, Guangqu Home, Dongcheng District, Beijing, People’s Republic of China, 100022.
Leju Holdings Limited, through its auxiliaries, provides online real estate services in the People’s Republic of China. It offers e-commerce services that comprise selling discount coupons and facilitating online property viewing, physical property visits, and pre-sale customer support for new residential properties and home furnishing sales through jiaju.com and leju.com.
Finally, Core Laboratories NV (NYSE:CLB), ended its last trade with 9.93% gain, and closed at $125.32.
Core Laboratories, stated first quarter 2015 earnings per diluted share (“EPS”) of $0.86, not taking into account items which are primarily employee severance costs and are referenced in the non-GAAP reconciliation comprised of in this release. First quarter 2015 net income, ex-items, totaled $37,500,000, while revenue was $213,600,000, down 19% from first quarter 2014 levels. Year-over-year first quarter revenue was negatively affected by about $8,500,000, or 4%, in foreign currency exchange rate changes as compared to the U.S. dollar. Operating income, ex-items, was $50,700,000, yielding operating margins of 24%.
Free cash flow, defined as cash from operations less capital expenditures, for the first quarter of 2015 topped $72,700,000, the most ever in any first quarter in Company history. Core converted 34 cents of every revenue dollar into free cash, the highest conversion rate for all major oilfield service companies. Core used the cash and borrowings under its revolving credit facility to pay about $23,900,000 in quarterly dividends and to repurchase over 683,000 shares of Core’s common stock for $72,900,000, or about $106.69 per share, reducing the Company’s outstanding share count to a new 17-year low. During the quarter, Core returned over $96,800,000 to its shareholders, equaling about $2.25 per common share.
Core Laboratories N.V. provides reservoir description, production enhancement, and reservoir administration services to the oil and gas industry in the United States, Canada, and internationally. The company’s Reservoir Description segment comprises the characterization of petroleum reservoir rock, fluid, and gas samples.
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