On Tuesday, Shares of Dana Holding Corporation (NYSE:DAN), lost -1.23% to $16.10.
Dana Holding Corporation declared that the company’s Spicer Rui Ma brand of drivetrain solutions recently won the top award in the specific case category at the Xuhui District Corporate Social Responsibility (CSR) Awards 2015.
The Spicer Rui Ma brand was recognized for providing the lowest total ownership costs for equipment buyers, assisting suppliers improve quality and enhance capabilities, promoting healthy competition in the market, nurturing local engineering talent, and supporting environmentally friendly business practices.
Established to encourage corporate social responsibility and make it a standard practice, the awards were presented in three categories: company, personal, and specific case, which honors both the company and the individuals who work there. Dana was one of only 25 enterprises and individuals honored for demonstrating exemplary corporate social responsibility.
Dana Holding Corporation manufactures and sells driveline, sealing, and thermal-administration products for vehicle manufacturers in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies.
Shares of Cloud Peak Energy Inc. (NYSE:CLD), inclined 0.90% to $3.36, during its last trading session.
Cloud Peak Energy declared that it has reached a contract with a landowner near the company’s Cordero Rojo Mine in Wyoming, which provides Cordero Rojo with access to about 95 million tons of additional coal and enhances flexibility for the future development of the mine.
The additional coal comprises of tons directly under the attained land and other adjacent tonnage that is anticipated to become accessible for future mining because of acquiring the surface access. The agreement primarily involves a land exchange and production payments from any future sales of the underlying coal, counting certain recoupable advance production payments.
As of December 31, 2014, Cloud Peak Energy controlled about 1.1 billion tons of proven and probable coal reserves. These additional tons were not comprised of in Cloud Peak Energy’s stated year-end 2014 proven and probable reserves. The company will evaluate inclusion of these additional tons as part of its year-end 2015 reserves reporting. As formerly revealed, Cloud Peak Energy made its final lease by application (“LBA”) payment for its federally leased coal in June 2015 and has no further committed LBA payments.
Cloud Peak Energy Inc., through its auxiliaries, produces coal in the Powder River Basin (PRB) and the United States. The company operates through Owned and Operated Mines, Logistics and Related Activities, and Corporate and other segments.
At the end of Tuesday’s trade, Shares of MiMedx Group Inc (NASDAQ:MDXG), lost -1.19% to $9.11.
MiMedx Group, declared its record results for the second quarter of 2015.
Second Quarter 2015 Highlights
- Q2 2015 is 15th successive quarter of meeting or surpassing Company revenue guidance
- Q2 2015 revenue of $45.7 million raised 79% over Q2 2014
- Revenue is at the upper end of Company Q2 guidance
- Q2 2015 Wound Care sales grew 73% over Q2 2014
- Q2 2015 Surgical, Sports Medicine/Orthopedic revenue raised 104% over Q2 2014
- Adjusted EBITDA of $10.6 million represents a 265% improvement over Q2 2014
- Q2 2015 net income of $5.4 million or $0.05 per diluted share vs. Q2 2014 net loss of $390,000 or $0.00 per diluted share
Second Quarter and Six Months Ended June 30, 2015 Results
The Company recorded record revenue for the second quarter of 2015 of $45.7 million, a $20.1 million or 79% enhances over 2014 second quarter revenue of $25.6 million. The Company’s gross margin for the quarter ended June 30, 2015, was 89%, equal to the gross margin in the second quarter of 2014. Adjusted EBITDA* for the quarter ended June 30, 2015, was $10.6 million, a $7.7 million or 265% improvement, as contrast to Adjusted EBITDA* of $2.9 million for the second quarter of 2014. Net Income for the second quarter of 2015 was $5.4 million, or $0.05 per diluted common share, a $5.8 million improvement, as contrast to the Net Loss of $390,000, or $0.00 per diluted common share, in the second quarter of 2014.
For the six months ended June 30, 2015, the Company recorded record revenue of $86.4 million, a $41.3 million or 92% enhance over revenue of $45.1 million recorded in the same period of 2014. The Company’s gross margin for the six months ended June 30, 2015, was 88% as contrast to 87% in the same six-month period of 2014. Adjusted EBITDA* for the six months ended June 30, 2015, was $19.3 million, a $14.4 million or 297% improvement, as contrast to Adjusted EBITDA* of $4.9 million for the six months ended June 30, 2014. Net Income for the six months ended June 30, 2015, was $9.5 million, or $0.08 per diluted common share, a $10.8 million improvement, as contrast to the Net Loss of $1.3 million, or ($0.01) per diluted common share, in the first six months of 2014.
MiMedx Group, Inc. develops, processes, and markets patent protected regenerative biomaterial products and bioimplants processed from human amniotic membrane. Its biomaterial platform technologies are AmnioFix, EpiFix, and CollaFix.
Finally, Corrections Corp of America (NYSE:CXW), ended its last trade with -1.57% loss, and closed at $28.13.
CCA (NYSE: CXW), declared that its Board of Directors declared a quarterly dividend of $0.54 per share to be paid on October 15, 2015 to shareholders of record as of the close of business on October 2, 2015.
Corrections Corporation of America, together with its auxiliaries, owns and operates privatized correctional and detention facilities in the United States. It owns, operates, and manages prisons and other correctional facilities; and provides inmate residential and prisoner transportation services for governmental agencies.
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