On Friday, Whiting USA Trust II (NYSE:WHZ)’s shares declined -13.14% to $4.23.
Whiting USA Trust II (WHZ) declared the second Trust distribution in 2015, which relates to net profits generated during the first quarterly payment period of 2015. Unitholders of record on May 20, 2015 will receive a distribution of $0.012803 per unit, which is payable on or before June 1, 2015.
As of the date of this press release, 99.9% of the Trust’s total 18,400,000 units outstanding were held by Cede & Co., which is The Depository Trust Corporation’s nominee, as the official unitholder of record. Therefore, the May 20, 2015 record date, as it relates to this distribution, is only applicable to unitholders of record such as Cede & Co., and the ex-date, as set by the New York Stock Exchange, actually determines which street name holders will be eligible to receive the distribution.
Whiting USA Trust II holds net profits interest in the oil and gas producing properties located in the Rocky Mountains, Permian Basin, Gulf Coast, and Mid-Continent regions of the United States.
KEYW Holding Corp. (NASDAQ:KEYW)’s shares dropped -12.06% to $7.66.
KEYW Holding Corp. (KEYW) declared Q1 2015 revenue of $71.6 million as compared to Q1 2014 revenue of $63.8 million, an enhance of 12%. Net loss for Q1 2015 was $6.1 million as compared to net loss of $3.1 million for Q1 2014. Fully diluted GAAP loss per share for Q1 2015 was $0.16 as contrast to fully diluted GAAP loss per share of $0.08 in Q1 2014. Adjusted EBITDA (as described below) for Q1 2015 was $0.1 million. During Q1 2015, KEYW received $89 million in funding actions and ended the quarter with 1,153 employees.
Revenue in KEYW’s Commercial Cyber Solutions segment was $2.8 million in Q1 2015, up 11% as compared to Q1 2014 revenue of $2.5 million. Bookings in Q1 2015 were $3.1 million. Operating expense in Q1 2015 was $11.0 million, up from $8.5 million in Q1 2014, as a result of continued additions to the product development, marketing, and sales organizations.
The KEYW Holding Corporation, through its auxiliaries, provides mission-critical cybersecurity, cyber superiority, and geospatial intelligence solutions in the United States. The company operates through Government Solutions and Commercial Cyber Solutions segments.
At the end of Friday’s trade, Monster Beverage Corp (NASDAQ:MNST)‘s shares dipped -10.47% to $128.47.
Monster Beverage Corp (MNST) stated financial results for the first quarter ended March 31, 2015.
Long-Term Planned Partnership with The Coca-Cola Company
In August 2014, Monster Beverage and The Coca-Cola Company reached definitive agreements for a long-term planned partnership to accelerate growth for both companies in the global energy drink category. The transaction, which is subject to customary closing conditions, is predictable to close in the second quarter of 2015. In early February 2015, in accordance with its existing agreements with certain affected third-party distributors, the Company sent notices of termination to the applicable third-party distributors in the U.S., providing for the termination of their respective distribution agreements, to be effective at various dates startning in March 2015.
As a result, the Company incurred termination obligations regardingsuch terminations in the amount of $206.0 million during the 2015 first quarter. Such termination costs have been expensed in full and are comprised of in operating expenses for the 2015 first quarter. In addition, the Company recognized revenue of $39.8 million related to the acceleration of deferred revenue associated with the terminated distributors during the 2015 first quarter.
Monster Beverage Corporation, through its auxiliaries, develops, markets, sells, and distributes alternative beverage category beverages in the United States and internationally. It operates in two segments, Direct Store Delivery and Warehouse.
Sprouts Farmers Market Inc (NASDAQ:SFM), ended its Friday’s trading session with -9.86% loss, and closed at $27.23.
Sprouts Farmers Market Inc (SFM) stated results for its 13-week first quarter ended March 29, 2015.
First Quarter Highlights:
- Net sales of $857.5 million; a 19% enhance from the same period in 2014
- Comparable store sales growth of 4.8% and two-year comparable store sales growth of 17.6%
- Net income of $37.5 million and diluted earnings per share of $0.24
- Adjusted net income of $38.6 million; a 9% enhance from the same period in 2014
- Adjusted diluted earnings per share of $0.25; a 9% enhance from the same period in 2014
- Adjusted EBITDA of $84.3 million; a 9% enhance from the same period in 2014
First Quarter 2015 Financial Results
Net sales for the first quarter of 2015 were $857.5 million, a 19% enhance contrast to the same period in 2014. Net sales growth was driven by strong performance in new stores opened and a 4.8% enhance in comparable store sales growth.
Gross profit for the quarter raised 15% to $257.8 million resulting in a gross profit margin of 30.1% of sales, a decrease of 90 basis points contrast to the same period in 2014. This was primarily driven by produce tightness due to adverse weather conditions and West Coast port strikes that limited product availability, contrast to a very strong produce season in the preceding year, the timing of store openings resulting in a lower blended gross margin and the impact of continued price investments in certain categories.
Sprouts Farmers Market, Inc. operates as a specialty retailer of fresh, natural, and organic food in the United States. The company’s stores offer fresh produce, bulk foods, vitamins and supplements, grocery products, meat and seafood products, deli and bakery products, dairy and dairy alternatives, frozen foods, beer and wine, natural health and body care products, and natural household products.
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