$OI 2Q15 PR: Diluted earnings per share for the quarter was $0.25 compared to $0.68 in the same quarter last year. Diluted weighted average shares outstanding for the quarter were 161.9MM compared to 166.258MM in the prior year quarter.
Regarding the 2017 year-end backlog, $LMT said the company might see a little bit of degradation of about $2MM or so for the year. The company added that the big orders for the year that are expected are the LRIP 11 definitization for F-35.
$AKS said that it believes electrical steel market will continue to experience volatility due in large part to the production over capacity in China. However, the company believes it is in well position to serve the electrical steel market and provide customers with products to meet the new high efficiency standards both in U.S. and Europe.
$HOPE signed agreement whereby U & I Financial Corp. will merge with and into $HOPE and UniBank, a subsidiary of U & I FInancial, will merge with and into Bank of Hope, a subsidiary of $HOPE. The total aggregate value of the transaction is about $48.8MM or $9.50 per U & I Financial common share. The transaction is expected to close during 3Q17.
$REXX reported 4Q16 production of 194.9 MMcfe/d, an increase of 12% over last year. Production consisted of 120.9 MMcf/d of natural gas and 12.3 Mboe/d of condensate and NGLs (including 5.8 Mboe/d of ethane).
$AKS said that it is making significant investments in research and innovation and in manufacturing operations. The company said its efforts will help keep jobs in America, as well as allowing other countries to export their unemployment to the U.S.