On Monday, Delphi Automotive PLC (NYSE:DLPH)’s shares declined -0.17% to $86.83.
Delphi Automotive PLC (DLPH) a leading global vehicle components manufacturer, recently stated first quarter 2015 U.S. GAAP earnings from ongoing operations of $0.99 per diluted share. Not taking into account special items, first quarter earnings from ongoing operations raised 4% to $1.21 per diluted share.
Highlights Comprise:
- Revenue of $3.8 billion, up 6% adjusted for currency exchange and commodity movements.
- Growth of 4 points above market.
- S. GAAP diluted earnings per share from ongoing operations of $0.99.
- Not taking into account special items, earnings from ongoing operations of $1.21 per diluted share, up 4%.
- Adjusted Operating Income of $472 million, up 2%.
- Adjusted Operating Income margin of 12.4%, up 50 basis points.
- Generated $121 million of cash from ongoing operations.
- Share repurchases and dividends of $313 million.
- Declared agreement for sale of Thermal Systems business to MAHLE for about $727 million, predictable to close in the 3rd quarter of 2015.
Delphi Automotive PLC, together with its auxiliaries, manufacturers vehicle components; and provides electrical and electronic, powertrain, safety, and thermal technology solutions to the automotive and commercial vehicle markets worldwide. The company operates through four segments: Electrical/Electronic Architecture, Powertrain Systems, Electronics and Safety, and Thermal Systems.
Hanwha Q Cells Co Ltd –ADR (NASDAQ:HQCL)’s shares dropped -15.21% to $1.84.
Hanwha Q Cells Co Ltd –ADR (HQCL) one of the world’s largest photovoltaic manufacturers of high-quality, high-efficiency solar modules, declared that it will change the ratio of its American Depositary Shares (“ADSs”) to ordinary shares from one (1) ADS representing five (5) ordinary shares to one (1) ADS representing fifty (50) ordinary shares, effective on June 15, 2015.
Each shareholder of record at the close of business on June 12, 2015 will be required to exchange every ten (10) ADSs then held for one (1) new ADS. The effect on the ADS price will take place on June 15, 2015.
For Hanwha Q CELLS’s ADS holders, this ratio change will have the same effect as a one-for-ten reverse ADS split. There will be no change to Hanwha Q CELLS’s underlying ordinary shares. ADS holders will be required to surrender their existing ADSs in exchange for new ADSs of the Company. The Company’s Depositary, The Bank of New York Mellon, will provide further details on June 1, 2015 to NASDAQ and other market participants.
Hanwha Q CELLS Co., Ltd., a solar energy company, develops, manufactures, and sells solar cells and photovoltaic (PV) modules in Europe, North America, Asia, South America, Africa, and the Middle East. Its products and services comprise PV modules, PV cells, silicon ingots, and silicon wafers.
At the end of Monday’s trade, Murphy Oil Corporation (NYSE:MUR)‘s shares dipped -2.16% to $42.52.
Murphy Oil Corporation (MUR) declared recently that it has reached a variable term, capped accelerated share repurchase transaction (the “ASR”) with Wells Fargo Bank, National Association, to repurchase an aggregate of $250 million of the Company`s common stock. The ASR is part of the board authorized program declared on August 6, 2014, to repurchase up to $500 million of the Company`s stock. The total aggregate number of shares of Company common stock to be repurchased following the ASR will be determined by reference to the Rule 10b-18 volume-weighted price of the Company`s common stock, less a fixed discount, over the term of the ASR, subject to a minimum number of shares. The ASR is predictable to be accomplished no later than about three months following execution. All shares of the Company`s common stock delivered under the ASR will be right away stepped down or converted to treasury shares.
Murphy Oil Corporation operates as an oil and gas exploration and production company worldwide. It explores for and produces crude oil, natural gas, and natural gas liquids. The company was formerly known as Murphy Corporation and changed its name to Murphy Oil Corporation in 1964. Murphy Oil Corporation was founded in 1950 and is headquartered in El Dorado, Arkansas.
Raytheon Company (NYSE:RTN), ended its Monday’s trading session with 0.24% gain, and closed at $103.51.
Raytheon Company (RTN) and Vista Equity Partners have accomplished a joint venture transaction creating a new company that combines Websense, a Vista Equity portfolio company, and Raytheon Cyber Products, a product line of Raytheon’s Intelligence, Information and Services business. The newly-formed commercial cybersecurity company will be known on an interim basis as Raytheon|Websense. The company anticipates to introduce a new brand identity upon completion of standard organizational integration activity.
Under the terms of the joint venture transaction originally declared on April 20, 2015, Raytheon owns 80.3 percent of the new company. Vista Equity Partners owns 19.7 percent. The joint venture will start operations right away and will be based in Austin, Texas. John R. McCormack has been named CEO of the new company.
Raytheon Company develops integrated products, services, and solutions in the areas of sensing; effects; command, control, communications, and intelligence; mission support; and cyber and information security worldwide. It operates in four segments: Integrated Defense Systems (IDS); Intelligence, Information, and Services (IIS); Missile Systems (MS); and Space and Airborne Systems (SAS).
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