Shares of Flowers Foods, Inc. (NYSE:FLO) ended Friday session in red amid volatile trading. The shares closed down -0.13 points or -0.83% at $15.54 with 1.57 million shares getting traded. Post opening the session at $15.63, the shares hit an intraday low of $15.72 and an intraday high of $15.72 and the price vacillated in this range throughout the day. The company has a market cap of $3.28billion and the numbers of outstanding shares have been calculated to be 206.87 million shares.
Flowers Foods, Inc. (FLO) on Sept. 23, 2016 announced the pricing of the public offering of $400 million aggregate principal amount of 3.500% senior notes due 2026 (the “Notes”). The Notes will bear interest at a rate of 3.500% per annum and will mature on October 1, 2026. The offering is expected to close on September 28, 2016, subject to customary closing conditions.
Shares of LKQ Corporation (NASDAQ:LKQ) ended Friday session in red amid volatile trading. The shares closed down -0.06 points or -0.17% at $35.68 with 1.56 million shares getting traded. Post opening the session at $35.67, the shares hit an intraday low of $35.44 and an intraday high of $35.76 and the price vacillated in this range throughout the day. The company has a market cap of $11.96 billion and the numbers of outstanding shares have been calculated to be 307.11 million shares.
LKQ Corporation (LKQ) on July 28, 2016 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. Net income for the second quarter of 2016 was $140.7 million, an increase of 17.6% as compared to $119.7 million for the same period of 2015. On an adjusted basis, net income was $169.2 million, an increase of 34.0% as compared to the $126.3 million for the same period of 2015. Diluted earnings per share for the second quarter of 2016 was $0.46, an increase of 17.9% as compared to the $0.39 for the same period of 2015. On an adjusted basis, diluted earnings per share was $0.55 in the second quarter of 2016 reflecting a 34.1% increase over $0.41 for the same period of 2015.
“Despite tough comparable periods and the carryover impact of the mild winter in North America, organic revenue growth for parts and services was a respectable 5.4% during the quarter, demonstrating the resiliency of our operating and diversification strategy,” stated Robert Wagman, President and Chief Executive Officer of LKQ Corporation. “We improved gross margins in our North American operations, which included 40 basis points of improvement from the aftermarket procurement initiatives implemented during 2016. Our European segment continued to show solid improvement in the second quarter, with its segment EBITDA margins increasing 40 basis points sequentially and 30 basis points year-over-year, even after absorbing the incremental cost associated with the new distribution facility in Tamworth, England. I am also pleased with the overall earnings growth achieved in the quarter, which is partly attributable to the smooth integration of the Rhiag and PGW acquisitions we completed earlier this year.”