On Thursday, Shares of Apollo Investment Corp. (NASDAQ:AINV), lost -0.15% to $6.81.
Apollo Investment Corporation declared financial results for its first fiscal quarter ended June 30, 2015. The Company’s net investment income was $0.22 per share for the quarter ended June 30, 2015, contrast to $0.22 for the quarter ended March 31, 2015. The Company’s net asset value (“NAV”) was $8.01 per share as of June 30, 2015, contrast to $8.18, as of March 31, 2015.
Additionally, the Company also declared that its Board of Directors has declared a dividend of $0.20 per share for the first fiscal quarter of 2016, payable on October 6, 2015 to stockholders of record as of September 21, 2015. The specific tax characteristics of this dividend will be stated to stockholders on Form 1099 after the end of the calendar year.
Mr. James Zelter, Apollo Investment Corporation’s Chief Executive Officer, commented, “During the quarter, we continued to successfully execute on our portfolio rotation strategy as secured debt raised to 64% of the total portfolio. We also executed against our aim of monetizing select equity positions as evidenced by the exit of our investment in PlayPower. We will continue to look to monetize non-yielding investments and redeploy the proceeds into income-producing assets.” Mr. Zelter continued, “Consistent with our objective of maximizing shareholder value, and given where our stock is presently trading, we intend to start repurchasing shares.”
Apollo Investment Corporation is business Development Company and operates as a closed-end administration investment company. The company invests in middle market companies.
Shares of NCR Corporation (NYSE:NCR), inclined 1.26% to $27.23, during its last trading session.
Pharmaceutical Packaging, has agreed to license two-sided thermal media intellectual property from NCR Corporation (NCR), the global leader in consumer transaction technologies. This license gives PPL the worldwide right to make, use and sell two-sided thermal label media under NCR’s two-sided thermal media intellectual property.
NCR’s patented 2ST two-sided printing technology improves the efficiency of the printing process by allowing simultaneous printing on both the front and back side of a receipt or label. Some of the benefits of 2ST technology comprise:
- Reduce costs – use less paper and eliminate the need for separate packing slips, pouches to contain the slips, and the printers and supplies needed to produce the packing slips.
- Improve productivity – removing process steps for shipping labeling applications frees operator time to focus on more value-added work.
- Enhance customer loyalty – enable 1-to-1 messages, surveys, coupons, warranties and return policies to improve communication effectiveness.
- Assist protect the environment – produce less waste and reduce the overall footprint of paper manufactured by reducing consumption.
NCR Corporation, a technology company, provides solutions and services that enable businesses to connect, interact, and transact with their customers worldwide. The company operates through four segments: Financial Services, Retail Solutions, Hospitality, and Emerging Industries.
At the end of Thursday’s trade, Shares of Trinity Industries Inc (NYSE:TRN), lost -0.99% to $28.03.
Trinity Industries, declared earnings results for the second quarter ended June 30, 2015, counting the following noteworthy highlights:
- Second quarter earnings per common diluted share of $1.33 contrast to $1.01 for the second quarter of 2014, a 32% enhance year-over-year
- Quarterly revenue and net income of $1.68 billion and $212.0 million, respectively, a year-over-year enhance of 13% and 29%, respectively
- Rail and Inland Barge Groups stated record operating profit during the second quarter
- Rail Group delivered 8,530 railcars and received orders for 11,170 new railcars during the second quarter, increasing its backlog to $6.90 billion
- Structural wind towers business received orders totaling $183.9 million, increasing its backlog to $502.6 million
- Company raised earnings guidance for full year 2015 to between $4.45 and $4.75 per common diluted share contrast to previous guidance of between $4.10 and $4.45 per share
Merged Results
Trinity Industries, Inc. stated net income attributable to Trinity stockholders of $212.0 million, or $1.33 per common diluted share. Net income for the same quarter of 2014 was $164.2 million, or $1.01 per common diluted share. Revenues for the second quarter of 2015 raised 13% to a record $1.68 billion contrast to revenues of $1.49 billion for the same quarter of 2014.
Trinity Industries, Inc. provides various products and services for the energy, transportation, chemical, and construction sectors in the United States and internationally. Its Rail Group segment offers railcars, counting autorack, box, covered hopper, gondola, intermodal, tank, and open hopper cars; and couplers, axles, and other equipment, in addition to railcar maintenance services.
Finally, Kansas City Southern (NYSE:KSU), ended its last trade with -0.07% loss, and closed at $97.78.
Kansas City Southern’s, on August 3, 2015 declared a regular dividend of $0.25 per share on the outstanding KCS 4% non-cumulative preferred stock. The dividend is payable on October 6, 2015 to preferred stockholders of record at the close of business on September 14, 2015.
The Board of Directors also declared a regular dividend of $0.33 per share on the outstanding KCS common stock. This dividend is payable on October 7, 2015, to common stockholders of record at the close of business on September 14, 2015.
Headquartered in Kansas City, MO, Kansas City Southern is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings comprise Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. Kansas City Southern’s North American rail holdings and planned alliances are primary components of a NAFTA Railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada.
Kansas City Southern, through its auxiliaries, engages in the freight rail transportation business. It operates north/south rail route between Kansas City, Missouri, and various ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi, and Texas in the midwest and southeast regions of the United States.
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