On Tuesday, Platform Specialty Products Corp (NYSE:PAH)’s shares declined -4.00% to $26.39.
Platform Specialty Products Corp (PAH) declared its financial results for the three months ended March 31, 2015.
For the three months ended March 31, 2015:
- Net sales for the quarter raised 191.1% to $534.8 million contrast to $183.7 million in the first quarter of 2014. On a pro forma as adjusted basis net sales declined 6.7% from $666.7 million to $622.3 million, attributable primarily to foreign exchange headwinds. On a constant currency basis, pro forma as adjusted net sales were up 9.6% year-over-year.
- Performance Applications segment (which was formerly stated as separate Performance Materials and Graphic Solutions segments and now comprises all MacDermid operations — see note at the end of this press release): Sales declined 1.9% to $180.3 million from $183.7 million in the first quarter of 2014. On a constant currency basis, sales for this segment grew 5.9% or $10.0 million.
- Agricultural Solutions segment (which was formerly stated as AgroSolutions — see note at the end of this press release): Pro forma as adjusted sales declined by 8.5% from $483.0 million in the first quarter of 2014 to $442.0 million. On a constant currency basis, pro forma as adjusted sales grew 11.2% or $44.3 million.
- Pro forma as adjusted EBITDA for the quarter rose 0.5% to $134.6 million contrast to $133.9 million from the year-preceding period. On a constant currency basis, pro forma as adjusted EBITDA raised 22.0% year-over-year.
- Pro forma as adjusted EBITDA margin was 21.6% contrast to a margin of 20.8% in the year-ago period.
Platform Specialty Products Corporation produces and sells specialty chemical products in the Americas, Asia, and Europe. The company’s Performance Materials segment manufactures and markets plating products that are used to plate holes; final finishes, which are used on printed circuit boards; circuit formation products to promote adhesion and form circuit patterns; oxides that are used in the fabrication of multilayer circuit boards; and pre-treatment and cleaning solutions.
Sunedison Inc (NYSE:SUNE)’s shares dropped -3.97% to $27.61.
Sunedison Inc (SUNE) declared that is has signed a contract with the County of Alameda, Calif. to install 3 megawatts (MW) DC of solar systems as part of the second phase of the Regional Renewable Energy Procurement Program (R-REP). In the first phase of R-REP, SunEdison was awarded more than 18 MW DC of solar projects with 9 different Bay Area public agencies, counting 11 MW with Alameda County. In this second phase of the R-REP, SunEdison was awarded all of the projects on which it bid.
The 3 MW of solar systems will be installed at 9 different Alameda County sites, counting the Santa Rita Jail and other administration and functional centers. The County of Alameda is projecting $9.5 million in savings over the life of the projects. Upon completion, the solar systems will eliminate the emission of more than 77 million pounds of carbon dioxide over twenty years, the equivalent of taking more than 7,300 cars off the road.
SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through three segments: Solar Energy, TerraForm Power, and Semiconductor Materials.
At the end of Tuesday’s trade, Darling Ingredients Inc (NYSE:DAR)‘s shares dipped -3.92% to $13.72.
Darling Ingredients Inc (DAR) will hold a conference call and webcast on Friday, May 15, 2015 to talk about the Company’s first quarter 2015 financial results. The teleconference will start at 8:00 a.m. EDT and will be hosted by Mr. Randall Stuewe, CEO and Chairman of the Board, and Mr. John Muse, EVP Chief Financial Officer. Additionally, the Company will have a slide presentation accessible to augment administration’s formal presentation, which will be accessible via the investor relations section of the Company’s website. This press release will be issued after the market closes on May 14, 2015.
Darling Ingredients Inc. develops, produces, and sells natural ingredients from edible and inedible bio-nutrients worldwide. It operates in three segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients.
American Apparel Inc (NYSEMKT:APP), ended its Tuesday’s trading session with -3.92% loss, and closed at $0.618.
American Apparel Inc (APP) declared that it has commenced a $10.0 million “at-the-market” offering program.
Under the program, the Company may, from time to time and at its discretion, offer and sell shares of its common stock having an aggregate gross sales price of up to $10.0 million through Cowen and Company, LLC, which will serve as sales agent. The Company intends to use the net proceeds generated through the program for working capital and general corporate purposes.
Sales of common stock under the program will be made directly on the NYSE MKT, on any other existing trading market for the Company’s common stock or to or through a market maker. In addition, with the Company’s preceding written approval, sales may be made in negotiated transactions.
American Apparel, Inc. designs, manufactures, distributes, retails, and sells branded fashion basic apparel products, and clothing and accessories for women, men, children, and babies.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
