Altria (MO)
The tobacco giant filed its first-quarter earnings report. The company reported a 5.2 percent sales increase as cigarette shipment volumes improved, The Wall Street Journal reports.
Apple REIT
The hotel-focused REIT announced its intention to list common shares on the New York Stock Exchange on or about May 18. The listing, which remains subject to NYSE approval, would be made under the ticker symbol “APLE.”
The company plans to implement a 50 percent reverse share split of its common shares and commence a modified “Dutch Auction” tender offer to purchase up to $200 million of Apple Hospitality’s common shares on or about the listing date. The lowest-price offer is anticipated at a range of $19 to $21 per share net to the selling shareholder in cash, less any applicable withholding taxes and without interest.
Following the offer, the company would also implement a share buyback program of up to $500 million of its common shares. The timing of the buyback would be based on market conditions and other factors.
CarMax (KMX)
The used-car retailer filed its annual report for the fiscal year that ended Feb. 28. Total comprehensive income was $578 million, up from $506 million in fiscal year 2014 and $436 million in FY2013. Net earnings totaled $597 million, up from $492 million in 2014 and $434,284 million in 2013.
Dynex Capital (DX)
The mortgage REIT reported its first-quarter results. Comprehensive income totaled $11.3 million, or $0.21 per common share. Core net operating income was $12.4 million, or $0.23 per common share. The report is summarized in a release on the company’s website.
First Capital Bancorp (FCVA)
The bank filed an amendment to a definitive proxy statement that amends the table showing the stock ownership of the company’s top executives and directors. Top shareholder Kenneth R. Lehman holds in excess of 7.3 million shares, or 47.5 percent of the company.
Genworth Financial (GNW)
The Fortune 500 insurance company filed its first-quarter earnings report. The company reported lower first-quarter operating income and progress in its review of strategic options, as The Wall Street Journal reports.
MeadWestvaco (MWV)
The packaging giant reported its first-quarter earnings. Zacks reports adjusted earnings from continuing operations were 27 cents per share in the first quarter of 2015, an increase of 17 percent year over year.
NewMarket (NEU)
The company reported its first-quarter earnings. Net sales totaled $559 million, down from $576 million the first quarter of 2014. Net income totaled $63.9 million, up from $57.5 million the same quarter last year.
Owens & Minor (OMI)
The medical and surgical supplies distributor filed its quarterly report. Net revenue totaled $2.391 billion, up from $2.256 billion the first quarter of 2014. Net income totaled $18.9 million, down from $25.4 million the same quarter last year.
Tredegar (TG)
The plastic films and aluminum extrusions manufacturer filed a definitive proxy statement detailing annual compensation packages for several top executives. President and CEO Nancy Taylor received a total compensation package for 2014 of $2.09 million, down from $2.63 million in 2013. Her base salary decreased from $729,684 in 2013 to $659,950 last year.
Altria (MO)
The tobacco giant filed its first-quarter earnings report. The company reported a 5.2 percent sales increase as cigarette shipment volumes improved, The Wall Street Journal reports.
Apple REIT
The hotel-focused REIT announced its intention to list common shares on the New York Stock Exchange on or about May 18. The listing, which remains subject to NYSE approval, would be made under the ticker symbol “APLE.”
The company plans to implement a 50 percent reverse share split of its common shares and commence a modified “Dutch Auction” tender offer to purchase up to $200 million of Apple Hospitality’s common shares on or about the listing date. The lowest-price offer is anticipated at a range of $19 to $21 per share net to the selling shareholder in cash, less any applicable withholding taxes and without interest.
Following the offer, the company would also implement a share buyback program of up to $500 million of its common shares. The timing of the buyback would be based on market conditions and other factors.
CarMax (KMX)
The used-car retailer filed its annual report for the fiscal year that ended Feb. 28. Total comprehensive income was $578 million, up from $506 million in fiscal year 2014 and $436 million in FY2013. Net earnings totaled $597 million, up from $492 million in 2014 and $434,284 million in 2013.
Dynex Capital (DX)
The mortgage REIT reported its first-quarter results. Comprehensive income totaled $11.3 million, or $0.21 per common share. Core net operating income was $12.4 million, or $0.23 per common share. The report is summarized in a release on the company’s website.
First Capital Bancorp (FCVA)
The bank filed an amendment to a definitive proxy statement that amends the table showing the stock ownership of the company’s top executives and directors. Top shareholder Kenneth R. Lehman holds in excess of 7.3 million shares, or 47.5 percent of the company.
Genworth Financial (GNW)
The Fortune 500 insurance company filed its first-quarter earnings report. The company reported lower first-quarter operating income and progress in its review of strategic options, as The Wall Street Journal reports.
MeadWestvaco (MWV)
The packaging giant reported its first-quarter earnings. Zacks reports adjusted earnings from continuing operations were 27 cents per share in the first quarter of 2015, an increase of 17 percent year over year.
NewMarket (NEU)
The company reported its first-quarter earnings. Net sales totaled $559 million, down from $576 million the first quarter of 2014. Net income totaled $63.9 million, up from $57.5 million the same quarter last year.
Owens & Minor (OMI)
The medical and surgical supplies distributor filed its quarterly report. Net revenue totaled $2.391 billion, up from $2.256 billion the first quarter of 2014. Net income totaled $18.9 million, down from $25.4 million the same quarter last year.
Tredegar (TG)
The plastic films and aluminum extrusions manufacturer filed a definitive proxy statement detailing annual compensation packages for several top executives. President and CEO Nancy Taylor received a total compensation package for 2014 of $2.09 million, down from $2.63 million in 2013. Her base salary decreased from $729,684 in 2013 to $659,950 last year.