Brink’s (BCO)
The security-related services provider reported its first quarter earnings for 2015. Revenue was down 18 percent from first quarter 2014, dropping from $949 million to $776 million. After expenses, operating profit totaled $12.9 million, compared to a loss of $73.7 million first quarter last year.
Starboard Value LP, a New York-based investment adviser, purchased nearly 4 million shares of common stock, representing an 8.2 percent stake in the company. ABC News, citing financial data firm FactSet, reports the purchase makes Starboard Value the second-largest owner of Brink’s shares.
CarMax (KMX)
The used-car retailer filed its proxy statement that includes total compensations paid to several top executives in 2014. The company operates on a fiscal year that ends in February. The latest fiscal year ended Feb. 28, 2015.
CEO Thomas Folliard received a total compensation package valued at $11.6 million, up from $9 million the previous year and $7.4 million in 2013. His base salary increased nearly $62,000 to $1.19 million. Stock awards totaled $1.6 million, option awards totaled $4.8 million, and non-equity incentive plan compensation totaled $3.2 million.
An annual shareholders meeting will be held June 22 at 1 p.m. at Hilton Richmond Hotel, Short Pump, 12042 W. Broad St. Business includes election of directors, appointment of a public accountant and approval of executive compensation packages.
Dominion (D)
The power company reported its first quarter earnings for 2015. Net income totaled $540 million, up from $385 million in the same quarter last year. Comprehensive income totaled $543 million, compared to $404 million first quarter last year.
Markel (MKL)
The financial holding company reported its first quarter earnings for 2015. Net income totaled $194 million, up from $87 million first quarter last year. Revenues totaled $1.3 million, while expenses totaled just more than $1 million.
MeadWestvaco (MWV)
The packaging giant reported its first quarter earnings for 2015. Net income totaled $33 million, up from $31 million first quarter last year, according to a press release on the company’s website.
Tredegar (TG)
The manufacturer reported its first quarter earnings for 2015. Net income totaled $9.8 million, up from $8.4 million first quarter last year. The company said in a press release that operating profit from operations for film products totaled $17.6 million, $900,000 higher than first quarter 2014. Operating profit from operations for Bonnell Aluminum was $5.3 million, $500,000 higher than the same quarter the year before.
Union Bankshares (UBSH)
Director Raymond Smoot Jr. exercised options for 1,346 shares at $16.23. He then sold the shares at $22 each for a total of $29,000.
Brink’s (BCO)
The security-related services provider reported its first quarter earnings for 2015. Revenue was down 18 percent from first quarter 2014, dropping from $949 million to $776 million. After expenses, operating profit totaled $12.9 million, compared to a loss of $73.7 million first quarter last year.
Starboard Value LP, a New York-based investment adviser, purchased nearly 4 million shares of common stock, representing an 8.2 percent stake in the company. ABC News, citing financial data firm FactSet, reports the purchase makes Starboard Value the second-largest owner of Brink’s shares.
CarMax (KMX)
The used-car retailer filed its proxy statement that includes total compensations paid to several top executives in 2014. The company operates on a fiscal year that ends in February. The latest fiscal year ended Feb. 28, 2015.
CEO Thomas Folliard received a total compensation package valued at $11.6 million, up from $9 million the previous year and $7.4 million in 2013. His base salary increased nearly $62,000 to $1.19 million. Stock awards totaled $1.6 million, option awards totaled $4.8 million, and non-equity incentive plan compensation totaled $3.2 million.
An annual shareholders meeting will be held June 22 at 1 p.m. at Hilton Richmond Hotel, Short Pump, 12042 W. Broad St. Business includes election of directors, appointment of a public accountant and approval of executive compensation packages.
Dominion (D)
The power company reported its first quarter earnings for 2015. Net income totaled $540 million, up from $385 million in the same quarter last year. Comprehensive income totaled $543 million, compared to $404 million first quarter last year.
Markel (MKL)
The financial holding company reported its first quarter earnings for 2015. Net income totaled $194 million, up from $87 million first quarter last year. Revenues totaled $1.3 million, while expenses totaled just more than $1 million.
MeadWestvaco (MWV)
The packaging giant reported its first quarter earnings for 2015. Net income totaled $33 million, up from $31 million first quarter last year, according to a press release on the company’s website.
Tredegar (TG)
The manufacturer reported its first quarter earnings for 2015. Net income totaled $9.8 million, up from $8.4 million first quarter last year. The company said in a press release that operating profit from operations for film products totaled $17.6 million, $900,000 higher than first quarter 2014. Operating profit from operations for Bonnell Aluminum was $5.3 million, $500,000 higher than the same quarter the year before.
Union Bankshares (UBSH)
Director Raymond Smoot Jr. exercised options for 1,346 shares at $16.23. He then sold the shares at $22 each for a total of $29,000.