On Wednesday, CIT Group Inc.(NYSE:CIT)’s shares inclined 0.78% to $42.37.
CIT Group Inc. (CIT) cit.com, a global leader in transportation finance, recently declared that CIT Maritime Finance offered a $61 million senior secured credit facility to Advantage Tankers, LLC, a Marshall Islands-based holding company established to acquire an operating fleet of crude tankers. The facility supports the acquisition of two Suezmax crude tankers which are employed on long-term charters to a multinational oil company. Financing was offered by CIT Bank, N.A., the principal bank partner of CIT. Terms of the transaction were not revealed.
CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products; and a suite of savings options in the United States. Its Transportation & International Finance segment offers leasing and financing solutions to operators and suppliers in the aviation and railcar industries.
Wyndham Worldwide Corporation (NYSE:WYN)’s shares gained 2.62% to $77.10.
Wyndham Hotel Group is set to expand its presence in South Korea by more than 200 percent over the next three years thanks to the signings of 12 new property franchise agreements so far in 2015, counting agreements for three Howard Johnson® hotels, marking the brand’s entry into South Korea.
This year’s signings build upon another 14 franchise agreements in South Korea executed by Wyndham Hotel Group in 2014, bringing the company’s pipeline in the country to more than 7,550 rooms within 26 new-construction hotels under the Ramada®, Days Inn® and Howard Johnson brand flags. Presently, Wyndham Hotel Group has 13 properties and more than 2,800 rooms open and operating in the country.
Wyndham Worldwide Corporation provides hospitality services and products to individual consumers and business customers worldwide. It operates three in segments: Lodging, Vacation Exchange, and Rentals, and Vacation Ownership. The Lodging segment franchises hotels in the upscale, upper midscale, midscale, economy, and extended stay segments, in addition to provides property administration services for full-service and select limited-service hotels. As of February 4, 2015, the company had about 7,440 franchised hotels and 638,300 hotel rooms.
At the end of Wednesday’s trade, Nucor Corporation (NYSE:NUE)‘s shares surged 1.83% to $42.80.
Nucor Corporation (NUE) declared merged net earnings of $124.8 million, or $0.39 per diluted share, for the second quarter of 2015. By comparison, Nucor stated net earnings of $67.8 million, or $0.21 per diluted share, in the first quarter of 2015 and net earnings of $147.0 million, or $0.46 per diluted share, in the second quarter of 2014. Second quarter of 2015 diluted net earnings per share of $0.39 was above our guidance range of $0.20 to $0.25 per diluted share due to better than forecasted performance in the steel mills segment.
In the first half of 2015, Nucor stated merged net earnings of $192.6 million, or $0.60 per diluted share, contrast with merged net earnings of $258.1 million, or $0.80 per diluted share, in the first half of last year.
Nucor’s results comprise a $95.5 million credit ($0.19 per diluted share) to value inventories using the last-in, first-out (LIFO) method of accounting in the second quarter of 2015, contrast with a credit of $16.5 million ($0.03 per diluted share) recorded in the first quarter of 2015 and no charge in the second quarter of 2014. As a result, the LIFO credit in the first half of 2015 was $112.0 million ($0.22 per diluted share), contrast with a charge of $14.5 million ($0.03 per diluted share) in the first half of 2014. Also comprised of in the second quarter of 2015 results was a $9.3 million ($0.03 per diluted share) benefit related to state tax credits.
Nucor Corporation manufactures and sells steel and steel products in the United States and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces and distributes hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; structural steel products comprising wide-flange beams, beam blanks, H-pilings, and sheet pilings; and bar steel products, such as blooms, billets, concrete reinforcing bars, merchant bars, and special bar quality products.
Ritchie Bros. Auctioneers (USA) (NYSE:RBA), ended its Wednesday’s trading session with 1.37% gain, and closed at $26.68.
Ritchie Bros. Auctioneers Incorporated (RBA) reports results for the three months ended June 30, 2015. During the quarter, the Company generated $155.5 million of revenue, a 10% enhance contrast to revenue of $141.8 million in the second quarter last year, and net earnings1 of $46.4 million, an enhance of 20% contrast to net earnings of $38.6 million in the second quarter last year. Diluted earnings per share1 (“EPS”) were $0.43, a 21% enhance contrast to $0.36 in the same quarter last year.
During the first half of 2015, for the six months ended June 30, 2015, the Company generated $271.1 million in revenue, a 13% enhance contrast to $240.4 million during the first six months of 2014. Net earnings were $70.0 million during the first half of 2015, a 32% enhance contrast to $52.9 million in the first half of 2014. Diluted EPS for the first half of 2015 was $0.65, a 33% enhance contrast to the same period last year.
Ritchie Bros. Auctioneers Incorporated, together with its auxiliaries, sells industrial equipment and other assets for the construction, agricultural, transportation, energy, mining, forestry, material handling, marine, and real estate industries through its unreserved auctions and online marketplaces. The company operates through two segments, Core Auction and EquipmentOne.
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