Basic materials stocks climbed 0.7% on Wall Street on Friday morning.
U.S. stocks edged higher at the open on Friday, with the S&P 500 within remarkable separation of its intraday record, floated by cheery German development information and facing a particular attention on U.S. purchaser assessment.
The S&P 500 increased 2.42 focuses, or 0.12 percent, to 2,090.9
The Dow Jones typically rose 17.43 focuses, or 0.1 percent, to 17,989.81,
Stocks moved as a bounce back in oil costs pushed energy stocks higher.
U.S. financial markets were closed on Monday for the Presidents’ Day holiday.
Below is described the details of few basic material sector stocks that gained Friday, following the trend of U.S. stock market:
World Fuel Services Corp. (NYSE:INT)’s shares picked up 4.43%, and closed at $53.72, hitting new 52-week high of $53.81, during the last trading session, soon after a global fuel logistics, transaction administration and payment processing company, stated full year net revenue of $221.7 million or $3.11 diluted earnings per share. Not including the influence of the formerly declared sale of interests in the company’s crude oil joint ventures and certain one-time expenses, adjusted full year net revenue was $216.8 million or $3.04 diluted earnings per share. For 2013, net revenue as adjusted for one-time expenses was $204.9 million or $2.86 diluted earnings per share. Non-GAAP net revenue and diluted earnings per share for the full year, not including share-based compensation, amortization of attained intangible assets, gain from the sale of interests in the crude oil joint ventures and certain one-time expenses were $249.1 million and $3.49, respectively, contrast to $230.5 million and $3.22 in 2013.
For the fourth quarter, net revenue was $67.1 million or $0.94 diluted earnings per share. Not including the influence of the formerly declared sale of interests in the company’s crude oil joint ventures and certain one-time expenses, adjusted net revenue was $57.6 million or $0.81 adjusted diluted earnings per share. In the fourth quarter of 2013, net revenue as adjusted for one-time expenses was $53.7 million or $0.76 diluted earnings per share. Non-GAAP net revenue and diluted earnings per share for the fourth quarter, not including share-based compensation, amortization of attained intangible assets, gain from the sale of interests in the crude oil joint ventures and certain one-time expenses were $68.1 million and $0.96, respectively, contrast to $60.1 million and $0.85 in the fourth quarter of 2013.
World Fuel Services Corp. (NYSE:INT), is headquartered in Miami, Florida. The company is a global fuel logistics, transaction administration and payment processing company, principally engaged in the distribution of fuel and related products and services in the aviation, marine and land transportation industries. World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.
International Flavors & Fragrances Inc. (NYSE:IFF), raised 1.91%, and closed at $2.52, hitting new 52-week high of $118.58, soon after a leading global creator of flavors and fragrances for consumer products, stated financial results for the fourth quarter and full year ended January 2, 2015.
Fourth Quarter 2014 Results:
- Stated sales raised $30.9 million, or 4%, to $756.1 million from $725.2 million in the preceding year quarter. Local currency sales raised 7% reflecting strong growth across both businesses and an additional week of sales activity in 2014.
- Adjusted operating profit raised $20.6 million, or 18%, to $132.6 million from $112.0 million in the preceding year quarter, and adjusted diluted earnings per share (EPS) raised 17% to $1.07 from $0.92.
- On a stated basis, operating profit rose $35.8 million, or 38%, to $130.6 million from $94.8 million in the preceding year quarter. Stated diluted EPS rose 48% to $1.10 from $0.75.
Full Year 2014 Results:
- Stated and local currency sales in 2014 both raised 5% to $3.1 billion driven by solid new win performance and the attainment of Aromor during the first quarter of 2014. The emerging markets, which grew three times faster than the developed markets on a local currency basis, now account for about 50% of total sales.
- Adjusted operating profit grew $60.8 million, or 11%, to $601.3 million from $540.4 million in 2013, and adjusted diluted EPS gained 14% to $5.08 from $4.46.
- On a U.S. GAAP basis, operating profit rose $76.0 million, or 15%, to $592.3 million from $516.3 million in 2013. GAAP diluted EPS raised 18% to $5.06 as compared to $4.29.
International Flavors & Fragrances Inc. (NYSE:IFF), is a leading global creator of flavors and fragrances used in a wide variety of consumer products. Consumers experience these unique scents and tastes in fine fragrances and beauty care, detergents and household goods, in addition to beverages, sweet goods and food products.
Valero Energy Corporation (NYSE:VLO), inclined 3.63%, and closed at $58.60, during the last trading session, following the news that an international manufacturer and marketer of transportation fuels, other petrochemical products and power, declared that Joe Gorder, Chairman and Chief Executive Officer of Valero Energy Corporation, will present at the Credit Suisse Energy Summit on Tuesday, February 24 at 8:35 a.m. Mountain Time (10:35 a.m. Eastern Time).
Valero Energy Corporation (NYSE:VLO), through its auxiliaries, is an international manufacturer and marketer of transportation fuels, other petrochemical products and power. Valero auxiliaries employ about 10,000 people, and assets comprise 15 petroleum refineries with a combined throughput capacity of about 2.9 million barrels per day, 11 ethanol plants with a combined production capacity of 1.3 billion gallons per year, a 50-megawatt wind farm, and renewable diesel production from a joint venture.
Marathon Petroleum Corporation (NYSE:MPC), enhanced 2.56%, and closed at $103.48, hitting new 52-week high of $103.55, as the nation`s fourth-largest refiner, declared that its 2015 annual meeting of shareholders will take place at the company`s headquarters in Findlay, Ohio, on April 29, 2015 at 10 a.m. EDT. In addition, the company declared that March 2, 2015, has been fixed as the record date for determination of the shareholders of the company entitled to notice of, and to vote at, the annual meeting.
Marathon Petroleum Corporation (NYSE:MPC), is the nation`s fourth-largest refiner, with a crude oil refining capacity of about 1.7 million barrels per calendar day in its seven-refinery system. Marathon brand gasoline is sold through about 5,460 independently owned retail outlets across 19 states. In addition, Speedway LLC, an MPC partner, owns and operates the nation`s second-largest convenience store chain, with about 2,750 convenience stores in 22 states. MPC also owns, leases or has ownership interests in about 8,300 miles of pipeline.
