Industry News

Penske Automotive Group Inc declared on Wednesday that its board of directors authorised a cash dividend of USD0.28 per share for the second quarter of 2016.. Shareholders of record on 10 August 2016 will receive the dividend payment on 1 September 2016.. A transportation services company, Penske operates automotive and commercial truck dealerships in the US, Canada and Western Europe and distributes commercial vehicles, diesel engines, gas engines, power systems and..."/>
Penske declares higher dividend of USD0.28 per share
LKQ Corporation today reported record revenue for the second quarter of 2016 of $2.45 billion, an increase of 33.3% as compared to $1.84 billion in the second quarter of 2015."/>
LKQ Corporation Announces Financial Results for Second Quarter 2016
Lear Corporation, a leading global supplier of automotive seating and electrical systems, today reported record financial results for the second quarter of 2016. Record sales of $4.7 billion, reflecting continued growth in both segments Net income of $282 million versus $182 million in the prior year Record core operating earnings of $399 million, an increase of 18% from prior year, with a record margin of 8.4%, up from 7.3% a year ago..."/>
Lear Reports Record Second Quarter 2016 Results and Increases Full Year Outlook
Installed Building Products, Inc., an industry-leading installer of insulation products, announced today that the Company will release its second quarter 2016 financial results before the market opens on Friday, August 5, 2016. A webcast and conference call will be held that same day at 9:00 a.m. to review the Company’ s results. The conference call will be available on the investor relations section of the Company’ s website at..."/>
Installed Building Products to Report Second Quarter 2016 Financial Results
Nexstar Broadcasting Group Inc, a diversified media company, announced on Wednesday that its wholly-owned subsidiary, Nexstar Escrow Corporation, has closed its private offering of USD900m in aggregate principal amount of 5.625% new senior notes due 2024, which were priced at par. The Escrow Issuer, which was created solely to issue the notes, will deposit the gross proceeds of the offering into a segregated escrow account until the date that certain escrow release conditions..."/>
Nexstar Broadcasting subsidiary closes USD900m offering of senior notes
Visteon Announces Second-Quarter 2016 Results
Lithia Motors, Inc. reported the highest second quarter adjusted net income in company history, an increase of 2% over the prior year period. 2016 second quarter unadjusted net income was $51.4 million, or $2.01 per diluted share, compared to $51.2 million, or $1.93 per diluted share, for the second quarter of 2015. Adjusted net income for the second quarter of 2016 was $50.2 million, or $1.96 per diluted share, compared to 2015 second quarter adjusted net income..."/>
Lithia Reports Record Second Quarter Results and Increases 2016 Guidance
Harley-Davidson, Inc. second quarter 2016 diluted earnings per share increased 7.6 percent to $1.55 compared to diluted EPS of $1.44 in the same period in 2015. Net income was $280.4 million on consolidated revenue of $1.86 billion compared to net income of $299.8 million on consolidated revenue of $1.82 billion in last year's second quarter. Harley-Davidson worldwide retail motorcycle sales in the second quarter were down 1.9 percent on..."/>
Harley-Davidson Reports Second Quarter 2016 Earnings
Dover Motorsports, Inc. today reported results for the three months ended June 30, 2016.. The Company promoted a NASCAR triple-header and hosted the Firefly Music Festival in Dover during the second quarter of 2016 and 2015. The Company also hosted the inaugural Big Barrel Country Music Festival during the second quarter of 2015, but this event will not be held during 2016."/>
Dover Motorsports, Inc. Reports Results for the Second Quarter of 2016
Penske Automotive Group, Inc., an international transportation services company, announced today record second quarter and six-month results. For the three months ended June 30, 2016, income from continuing operations attributable to common shareholders increased 0.6% to $94.7 million, and related earnings per share increased 6.7% to $1.11 when compared to the same period last year."/>
Penske Automotive Reports Second Quarter Results
New Media Investment Group Inc., one of the largest publishers of locally based print and online media in the United States as measured by number of publications, today reported its financial results for the second quarter ended June 26, 2016.. Second Quarter 2016 Financial Summary. New Media declares a cash dividend of $0.33 per common share Total revenues of $314.8 million, an increase of 5.1% to prior year, and a decrease of 3.2% on a same store basis, the fourth..."/>
New Media Announces Second Quarter 2016 Results and Dividend of $0.33 per Common Share; Announces the Acquisition of the Fayetteville Publishing Company
GNC Holdings, Inc. reported consolidated revenue of $673.2 million, a decrease of 2.4% as compared with consolidated revenue of $689.6 million for the second quarter of 2015. As previously announced, beginning in the second quarter of 2016 the Company changed its reportable segments. Revenue in the U.S.& Canada segment decreased by 2.0%, revenue in the International segment decreased 2.5%, and revenue in the Manufacturing/Wholesale..."/>
GNC Holdings, Inc. Reports Second Quarter 2016 Results
Tempur Sealy International, Inc. today announced that its Board of Directors has increased the authorization under the Company's share repurchase program by an additional $200 million. Since the program was announced on February 4, 2016 through July 27, 2016, the Company has repurchased approximately 4.4 million shares for a total cost of approximately $256 million. After this increased authorization, the Company has approximately..."/>
Tempur Sealy Increases Share Repurchase Program By $200 Million
Restaurant Brands International Inc. has announced the establishment of a master franchise joint venture company, TH Coffee Services Philippines Corporation, with a group of investors in the Philippines. The joint venture company will be the master franchisee of the TIM HORTONS ® brand in the Philippines and marks the Canadian coffee chain's opportunity to..."/>
Restaurant Brands International Inc. announces master franchise joint venture to develop and grow the Tim Hortons® brand in the Philippines
Restaurant Brands International Inc. has announced the establishment of a master franchise joint venture company, TH Coffee Services Philippines Corporation, with a group of investors in the Philippines. The joint venture company will be the master franchisee of the TIM HORTONS ® brand in the Philippines and marks the Canadian coffee chain's opportunity to develop and..."/>
Restaurant Brands International Inc. announces master franchise joint venture to develop and grow the Tim Hortons® brand in the Philippines
International Game Technology PLC today reported financial results for the second quarter and six months ended June 30, 2016. Today, at 8:00 a.m. EDT/ 1:00 p.m. BST/ 2:00 p.m. CEST, management will host a conference call and webcast to present the second quarter results; access details are provided below. "Robust growth in our global lottery operations, notably in Italy and North America, and the resilience of our global gaming business are the key..."/>
International Game Technology PLC Reports Second Quarter 2016 Results
GNC Holdings, Inc., a leading global specialty retailer of health, wellness and performance products, today announced that its board of directors has appointed Robert F. Moran, an Independent Director of GNC and former Chairman and Chief Executive Officer of PetSmart, Inc., as interim Chief Executive Officer, effective immediately. Moran replaces Michael G. Archbold, Chief Executive Officer, who is leaving the Company and has resigned from the..."/>
GNC Names Robert F. Moran Interim CEO
Extended Stay America, Inc. and its subsidiary, ESH Hospitality, Inc., today announced that their Boards of Directors have declared a combined cash distribution of $0.19 per Paired Share for the second quarter of 2016. This includes a distribution of $0.10 per share payable to ESH Hospitality, Inc.’ s Class A and Class B common shareholders and a distribution of $0.09 per share payable to Extended Stay America, Inc.’ s common..."/>
Extended Stay America Announces Distributions for Second Quarter 2016
ITT Educational Services, Inc., a leading provider of technology-oriented postsecondary degree programs, today reported that diluted earnings per share in the first six months of 2016 was $0.35, compared to $0.47 in the first six months of 2015. New student enrollment in the second quarter of 2016 decreased 21.6% to 9,910 compared to 12,638 in the same period in 2015. Total student enrollment decreased 16.4% to 40,015 as of June 30, 2016..."/>
ITT Educational Services, Inc. Reports 2016 Second Quarter Results
Thomson Reuters today reported results for the second quarter ended June 30, 2016. The company also re-affirmed its 2016 full-year outlook. "Our core business showed resilience and we continued to make progress throughout the second quarter despite a challenging backdrop and turbulent market conditions for many of our largest customers," said Jim Smith, president and chief executive officer of Thomson Reuters."/>
Thomson Reuters Reports Second-Quarter 2016 Results

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