On Friday, Harley-Davidson Inc (NYSE:HOG)’s shares declined -0.05% to $54.76.
The Harley-Davidson, Inc. (HOG) Board of Directors has approved a cash dividend of $0.31 per share for the third quarter of 2015. The dividend is payable Sept. 25, 2015, to the holders of record of the Company`s common stock on Sept. 15, 2015.
Harley-Davidson, Inc. manufactures cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products and Financial Services. The Motorcycles & Related Products segment designs, manufactures, and sells wholesale street-legal Harley-Davidson motorcycles, in addition to a line of motorcycle parts, accessories, general merchandise, and related services.
Continental Building Products Inc (NYSE:CBPX)’s shares dropped -3.23% to $20.69.
Continental Building Products, Inc. (CBPX) declared that its largest stockholder, an associate of Lone Star Funds (the “Selling Stockholder”) intends to offer for sale in an underwritten secondary offering 4,000,000 shares of its common stock following the Company’s shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The underwriter has a 30-day option to purchase up to an additional 600,000 shares of common stock from the Selling Stockholder. The Selling Stockholder will receive all of the proceeds from this offering. No shares are being sold by the Company. Additionally, the Company has agreed to repurchase from the Selling Stockholder in a private transaction a number of shares of common stock with an aggregate value of about $20.0 million, at a price per share equal to the per share price to be paid by the underwriter to the Selling Stockholder in the underwritten offering. The closing of the share repurchase will be contingent on the closing of the underwritten offering and is predictable to close co presently with the closing of the offering. The closing of the underwritten offering is not contingent on the closing of the share repurchase. The last stated sale price of the Company’s common stock on September 10, 2015 was $21.38 per share. The underwritten offering is predictable to close on September 16, 2015, subject to customary closing conditions.
Continental Building Products, Inc. manufactures and sells gypsum wallboard and complementary finishing products in the eastern United States and eastern Canada. The company sells its products under the LiftLite, Mold Defense, and Weather Defense brands to gypsum wallboard distributors, buying groups, wholesalers, and mass merchants in the new residential, repair and remodel, and commercial construction markets. Continental Building Products, Inc. is headquartered in Herndon, Virginia.
At the end of Friday’s trade, Crestwood Midstream Partners LP (NYSE:CMLP)‘s shares dipped -3.16% to $6.74.
Crestwood Midstream Partners LP (CMLP) stated its financial and operating results for the three months ended June 30, 2015.
Second Quarter 2015 Highlights1
- Record Adjusted EBITDA of $125.4 million; a 14% enhance over $109.7 million in the second quarter 2014 driven by a 23% and 15% decrease in adjusted operating and administrative costs from the fourth quarter 2014 and first quarter 2015, respectively2
- Net Loss of $42.2 million, contrast to net income of $11.7 million in the second quarter 2014. Net loss for the second quarter 2015 comprises non-cash goodwill impairments of $40.2 million. These goodwill impairments were largely attributed to discount rate enhances resulting from continued commodity price volatility and the recent performance of CMLP’s unit price
- Improved operating margin to 77% in the second quarter 2015 contrast to 69% in fourth quarter 2014 reflecting Crestwood’s success in reducing operating and administrative costs to offset slightly lower volumes during the second quarter 20153
Crestwood Midstream Partners LP provides gathering, processing, storage, and transportation solutions to customers in the crude oil, natural gas liquids (NGL), and natural gas sectors of the energy industry in the United States. The company operates through three segments: Gathering and Processing, Storage and Transportation, and NGL and Crude Services. The Gathering and Processing segment provides natural gas gathering, processing, treating, compression, transportation, sale, and delivery services of NGLs to producers in unconventional shale plays and tight-gas plays in West Virginia, Wyoming, Texas, Arkansas, New Mexico, and Louisiana. This segment owns and controls natural gas facilities with about 2.5 billion cubic feet of natural gas/per day (Bcf/d) of gathering capacity; 481 million cubic feet of natural gas/per day of processing capacity; 1.1 Bcf/d of firm transmission capacity; and 41 Bcf of certified working gas storage capacity.
Kraft Heinz Co (NASDAQ:KHC), ended its Friday’s trading session with 2.22% gain, and closed at $73.76.
The Kraft Heinz Company is expanding the voluntary recall of select code dates and manufacturing codes of individually-wrapped American slices due to the possibility that a thin strip of the individual packaging film may remain adhered to the slice after the wrapper has been removed. If the film sticks to the slice and is not removed, it could potentially cause a choking hazard.
The original July 31, 2015 recall has been expanded. This product list below is inclusive of the formerly recalled 3 LB and 4 LB sizes of Kraft Singles American and White American pasteurized prepared cheese product with a “Best When Used By” date of 29 DEC 15 through 04 JAN 16, followed by the Manufacturing Code S54 or S55.
Only products with the S54 and S55 codes, which refer to the two production lines on which the influenced product was made, are comprised of in this recall. The “Best When Used By” Date and Manufacturing Code are stamped on both the outer box and the individual packages.
The Kraft Heinz Company, through its auxiliaries, operates as a food and beverage company in North America and internationally. It primarily offers food and beverage products, counting cheese, meats, refreshment beverages, coffee, packaged dinners, refrigerated meals, snack nuts, dressings, ketchup, condiments and sauces, frozen food, soups, beans and pasta meals, infant nutrition, and other food and grocery products.
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