On Monday, Shares of United States Steel Corporation (NYSE:X), lost -0.05% to $18.99.
United States Steel Corporation declared the projected intent to permanently close its blast furnace and associated steelmaking operations, together with most of the flat-rolled finishing operations at Fairfield Works in Fairfield, Ala.
Under this action, the blast furnace and associated steelmaking operations will be idled. They and the finishing operations would be permanently closed on or after Nov. 17, 2015. The facilities that would permanently close comprise the blast furnace and steelmaking operations, the hot strip mill, the pickle line, cold mill, annealing facility and stretch and temper line. The slab and rounds casters, the #5 coating line and the Double G hot-dip galvanizing joint venture in nearby Jackson, Miss. would continue to operate. The decision does not impact Fairfield Tubular Operations or the electric arc furnace (EAF) construction project.
United States Steel Corporation produces and sells flat-rolled and tubular steel products in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular).
Shares of Brinker International, Inc. (NYSE:EAT), inclined 56.10% to $0.11, during its last trading session.
Brinker International, declared results for the fiscal fourth quarter ended June 24, 2015.
Highlights comprise the following:
- Earnings per diluted share, not taking into account special items, raised 10.6 percent to $0.94 contrast to $0.85 for the fourth quarter of fiscal 2014. Earnings per diluted share, not taking into account special items, raised 14.0 percent to $3.09 contrast to $2.71 for the full year fiscal 2014
- On a GAAP basis, earnings per diluted share raised 114.0 percent to $0.92 contrast to $0.43 for the fourth quarter of fiscal 2014 driven primarily by pre-tax charges of $39.5 million recorded in the preceding year related to litigation reserves. On a GAAP basis, earnings per diluted share raised to $3.05, contrast to $2.26 for the full year fiscal 2014
- Brinker International company sales raised 0.5 percent to $738.4 million
- Chili’s company-owned comparable restaurant sales reduced 0.8 percent
- Maggiano’s comparable restaurant sales reduced 0.1 percent
- Chili’s franchise comparable restaurant sales raised 1.9 percent which comprises a 2.1 percent enhance for U.S. franchise restaurants and a 1.2 percent enhance for international franchise restaurants
- Restaurant operating margin,1 as a percent of company sales, improved about 80 basis points to 18.5 percent contrast to 17.7 percent for the fourth quarter of fiscal 2014
- For fiscal 2015, cash flows offered by operating activities were $368.6 million and capital expenditures totaled $140.3 million. Free cash flow2 was about $228.3 million
- The company repurchased about 1.5 million shares of its common stock for $89.2 million in the fourth quarter and a total of about 5.4 million shares for $306.3 million year-to-date
- The company paid a dividend of 28 cents per share in the fourth quarter, an enhance of 17 percent over the preceding year fourth quarter, and declared a dividend of 28 cents per share to be paid in the first quarter of fiscal 2016
Brinker International, Inc. owns, develops, operates, and franchises casual dining restaurants worldwide. As of June 24, 2015, it owned, operated, or franchised 1,629 restaurants, counting 1,580 restaurants under the Chili’s Grill & Bar brand; and 49 restaurants under the Maggiano’s Little Italy name.
Finally, Simon Property Group Inc (NYSE:SPG), ended its last trade with 0.97% gain, and closed at $193.54.
Simon, continued to expand its Premium Outlets platform with the opening of one new center and the expansion of an existing center.
Gloucester Premium Outlets, serving the South New Jersey and Greater Philadelphia areas, opened recently with a ribbon cutting ceremony attended by local dignitaries and Simon executives. Featuring designer and lifestyle brands offering 25 to 65 percent savings every day, this highly-anticipated 376,000 square foot shopping center will be home to many sought-after names counting Armani Outlet, Banana Republic Factory Store, Calvin Klein, Cole Haan, Columbia Sportswear, Lucky Brand, Nike Factory Store, Puma, Tommy Hilfiger, Under Armour and Vera Bradley.
The single-level, outdoor village-style shopping center features a racetrack design for easy access between stores. Visitors who want to relax and enjoy something to eat can access the beautiful Market Hall complete with a variety of dining options, indoor and outdoor seating, a media center with flat screen televisions and free Wi-Fi.
Simon Property Group, Inc. is an equity real estate investment trust. The firm invests in the real estate markets across the globe. It engages in investment, ownership, administration, and development of properties.
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