On Friday, Shares of Hub Group Inc. (NASDAQ:HUBG), gained 8.54% to $40.91.
Hub Group, declared financial results for the quarter ended March 31, 2015.
Hub Group stated income of $10.3 million for the first quarter ended March 31, 2015 contrast to $12.0 million for the first quarter of 2014. Hub Group’s diluted earnings per share was $0.28 for the quarter. Hub Group’s pre-tax income comprised of one-time costs of $2.3 million counting a $1.4 million Canadian currency translation loss and $0.9 million of severance. Not taking into account the effect of these items, non-GAAP earnings per share was $0.32 for the quarter. Non-GAAP earnings per share reduced 3% when contrast with the preceding year period. Hub Group’s revenue reduced 1.5% to $836 million.
The Hub segment’s revenue reduced 1.5% to $643 million. First quarter intermodal revenue reduced 3% to $421 million due to a decrease in fuel revenue. Intermodal volume raised 1%. Truck brokerage revenue raised 6% to $89 million this quarter. First quarter Unyson Logistics revenue reduced 1% to $133 million. The Hub segment’s operating income was $13.7 million.
The Mode segment’s revenue raised 2% to $214 million. Operating income was $5.1 million, an enhance of 11% contrast to the preceding year period.
Hub Group ended the quarter with $129 million in cash.
Hub Group, Inc., an asset-light freight transportation administration company, provides intermodal, truck brokerage, and logistics services in North America. The company operates through two segments, Mode and Hub.
Shares of Basic Energy Services, Inc. (NYSE:BAS), surged 7.67% to $8.70, during its last trading session.
Basic Energy Services, declared its financial and operating results for the first quarter ended March 31, 2015.
FIRST QUARTER 2015 HIGHLIGHTS
First quarter 2015 revenue declined 35% to $261.7 million from $400.9 million in the fourth quarter of 2014 as all lines of services practiced reduced activity levels and pricing pressures. First quarter 2015 revenue reduced 21% from $331.3 million generated in the first quarter of 2014. All metrics for the first quarter of 2014 were adjusted for the divestiture of Basic’s barge rig operations in March 2014 for comparability purposes.
For the first quarter of 2015, Basic stated a net loss of $32.6 million, or a loss of $0.81 per basic and diluted share. This compares to a net loss of $18.8 million, or a loss of $0.45 per basic and diluted share, stated in the fourth quarter of 2014. The fourth quarter of 2014 comprised of a tax-effected, non-cash charge of $23.5 million ($34.7 million before tax), or $0.56 per basic and diluted share, for impairment of all the goodwill associated with the well servicing and fluid services segments. Not taking into account this special item, Basic stated net income of $4.7 million, or $0.11 per basic and diluted share. In the first quarter of 2014, Basic stated a net loss of $3.3 million, or a loss of $0.08 per basic and diluted share.
Roe Patterson, Basic’s President and Chief Executive Officer, stated, “Our first quarter results reflect the overall impact of the rapid decline in oil prices that began during the fourth quarter of 2014. This challenging environment has triggered drastic capital spending reductions by our customers, resulting in the scaling back of our operations to fit operating cash flow in order to preserve liquidity and match customer activity. As customers reduce their service needs, pricing concessions have been required to maximize our utilization levels across all of our lines of business. In addition, our first quarter performance was influenced by severe weather disruptions that further reduced our revenue.
Basic Energy Services, Inc. provides well site services to oil and natural gas drilling and producing companies in the United States. Its Completion and Remedial Services segment offers pumping services, such as cementing, acidizing, fracturing, nitrogen, and pressure testing; rental and fishing tools; coiled tubing; snubbing services; thru-tubing; cased-hole wireline services; and underbalanced drilling in low pressure and fluid sensitive reservoirs.
At the end of Friday’s trade, Shares of China Nepstar Chain Drugstore Ltd. (NYSE:NPD), jumped 7.43% to $3.18, hitting its highest level.
China Nepstar Chain Drugstore, declared the Company filed its annual report on Form 20-F for the year ended December 31, 2014 with the Securities and Exchange Commission on April 23, 2015. The annual report can be accessed on the Company’s investor relations website at http://ir.nepstar.cn. The Company will provide a hard copy of the annual report containing its audited financial statements for the year ended December 31, 2014, free of charge, to its shareholders and ADS holders upon request.
China Nepstar Chain Drugstore Ltd., through its auxiliaries, owns and operates a retail drugstore chain in China. Its drug stores sell about 2,883 prescription drugs; about 2,996 over-the-counter drugs, counting western medicines and traditional Chinese medicines for the treatment of common diseases.
Finally, B&G Foods Inc. (NYSE:BGS), ended its last trade with 7.03% gain, and closed at $31.84.
B&G Foods, declared financial results for the first quarter of 2015.
Highlights (vs. year-ago quarter where applicable):
- Net sales raised 9.6% to $217.1 million
- Comparable base business net sales, which excludes the impact of acquisitions and theRickland Orchards shortfall, raised $4.5 million, or 2.4%
- Net income raised 10.1% to $19.6 million
- Adjusted net income raised 12.5% to $20.5 million
- Diluted earnings per share raised 9.1% to $0.36
- Adjusted diluted earnings per share raised 11.8% to $0.38
- Adjusted EBITDA raised 7.5% to $49.9 million
- The Company reaffirmed its expectation to deliver 2015 full-year adjusted EBITDA of $196.0 million to $202.0 million, adjusted diluted earnings per share of $1.48 to $1.55 and net sales of $860.0 million to $880.0 million.
B&G Foods, Inc. manufactures, sells, and distributes shelf-stable food and household products in the United States, Canada, and Puerto Rico. Its portfolio of products comprise hot cereals, fruit spreads, canned meats and beans, bagel chips, spices, seasonings, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, Mexican-style sauces, dry soups, taco shells and kits, salsas, pickles, peppers, tomato-based products, puffed corn and rice snacks, nut clusters, Greek yogurt coated granola bars and bites, and other specialty products.
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