On Monday, Omnicare, Inc. (NYSE:OCR)’s shares declined -0.12% to $95.18.
RxCrossroads, a Division of Omnicare, Inc. (OCR) continues growing as the company looks to fill nearly 100 positions for its Louisville, Kentucky offices by the end of June 2015.
Omnicare SCG was formed in 2010 by combining the acquisition of RxCrossroads from 2005 and Advanced Care Scripts from 2008 into one clearly defined segment and strategy vision. Omnicare SCG provides customized end-to-end services starting with the biopharmaceutical manufacturer and continuing through to the patient. The company develops innovative programs that integrate access, affordability and adherence for specialty drugs with services that include brand support, third party logistics, program pharmacy and specialty pharmacy.
Since 2013, employee growth at RxCrossroads has raised by 37% and plans for additional positions continue as a new office on Eastpoint Parkway in Louisville opened in November of 2014. There are presently three offices and two warehouses that RxCrossroads operates from in the Louisville area.
Omnicare, Inc. operates as a healthcare services company that specializes in the administration of pharmaceutical care in the United States. The company’s Long-Term Care Group segment offers pharmaceuticals, and related pharmacy and ancillary services to long-term care facilities; and chronic care facilities and other settings.
Tri Pointe Homes Inc (NYSE:TPH)’s shares gained 1.87% to $14.69.
Tri Pointe Homes Inc (TPH) declared that it will webcast its presentation at the Deutsche Bank Global Industrials and Basic Materials Conference at the Westin Chicago River North in Chicago, IL, on Wednesday, June 3 at 3:40 PM CDT (4:40 EDT). Interested parties can access the webcast in the Investors section of the company’s website at www.tripointegroup.com under the heading Events and Presentations.
TRI Pointe Homes, Inc. designs, constructs, and sells single-family homes in the United States. The company also develops and sells land and lots. It operates a portfolio of six brands across eight states, counting Maracay Homes in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California and Colorado; and Winchester Homes in Maryland and Virginia.
At the end of Monday’s trade, Illinois Tool Works Inc. (NYSE:ITW)‘s shares dipped -0.05% to $93.78.
The Board of Illinois Tool Works Inc. (ITW) declared a regular quarterly cash dividend of $0.485 per share. The dividend equates to $1.94 per share on a full-year basis. The dividend will be paid on July 7, 2015, to shareholders of record as of June 30, 2015.
ITW is a Fortune 200 global diversified industrial manufacturer of value added consumables and specialty equipment with related service businesses. The Company focuses on solid growth, improving profitability and strong returns across its worldwide platforms and divisions. These divisions serve customers and markets around the globe, with a noteworthy presence in developed in addition to emerging markets. ITW’s revenues totaled $14.5 billion in 2014.
Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Test & Measurement and Electronics; Food Equipment; Polymers & Fluids; Welding; Construction Products; and Specialty Products. The Automotive OEM segment produces components and fasteners for automotive-related applications.
ARMOUR Residential REIT, Inc. (NYSE:ARR), ended its Monday’s trading session with 0.67% gain, and closed at $3.01.
ARMOUR Residential REIT, Inc. (ARR) declared financial results for the quarter ended March 31, 2015.
Q1 2015 Highlights and Financial Information
- Core Income and estimated taxable Real Estate Investment Trust (“REIT”) income of about $33.5 million or $0.08 per Common share, which represents a 7.67% return on stockholders’ equity at the startning of the quarter.
- Q1 2015 Generally Accepted Accounting Principles (“GAAP”) net loss of about $(125.5) million or $(0.37) per Common share.
- Stockholders’ equity as of March 31, 2015, was about $1.66 billion or $4.14 per Common share
- March 31, 2015 “leverage” (debt to stockholders’ equity) and “hedge” (interest rate hedges to debt) ratios were 8.39 to 1 and 86.6%, respectively.
- Liquidity as of March 31, 2015, comprising of cash and unpledged securities, of about $897.6 million.
ARMOUR Residential REIT, Inc. invests in and manages a portfolio of residential mortgage backed securities in the United States. The company is managed by ARMOUR Capital Administration LP. Its securities portfolio primarily comprises of agency securities backed by fixed rate, hybrid adjustable rate, and adjustable rate home loans, in addition to unsecured notes and bonds issued by the government-sponsored entities and the United States treasuries; and money market instruments. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.
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