Mobile Mini Posts Mixed Q2

Mobile Mini Posts Mixed Q2

Mobile Mini reported Friday lower-than-expected earnings for Q2 despite forecast-beating revenues. Diluted EPS was $0.24, down from last year’s $0.25, missing the Capital IQ consensus of $0.26. Revenues grew to $126.7 million from $123.5 million, exceeding the mean estimate of $126 million compiled by Capital IQ. For the company’s outlook, CEO Erik Olsson said: “Our outlook for Tank & Pump remains positive for the rest of 2017, although both market […]

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The Dixie Group Acquires California Yarn Manufacturing Operation

The Dixie Group Acquires California Yarn Manufacturing Operation

The Dixie Group, a carpet manufacturer, said it has acquired the yarn manufacturing assets of the former Royalty Carpet Mills Porterville, California yarn plant. Financial terms of the deal were not disclosed. Dixie will lease the building through a long term arrangement and will begin hiring former associates to manage and operate the plant within the next two weeks. The company said the output of the facility will be used […]

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Volaris June Revenue Passenger Miles Increases

Volaris June Revenue Passenger Miles Increases

Volaris said pre-market Monday that June demand, or revenue passenger miles, increased 8% from a year ago, while capacity, measured in available seat miles (ASMs), rose 7.8%. The low cost airline said it transported 1.3 million passengers last month, up 3.7%, and the network load factor was 89.1%, up 0.2 percentage points compared to a year ago. In the first six months of the year, ASMs rose 16.7%, RPMs increased […]

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Macquarie Infrastructure Looking at Additional Projects

Macquarie Infrastructure Looking at Additional Projects

Macquarie Infrastructure (MIC), after increasing its 2017 growth capital-expenditures budget last week, is looking at additional growth projects for the remainder of the year while also continuing to evaluate potential fifth verticals, RBC Capital Markets said in a note to clients following meetings with the company’s management. The company, which operates a group of businesses that provide services including bulk liquid terminalling and handling services, aircraft fueling and utility-gas services, […]

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Visa to Invest in Klarna

Visa to Invest in Klarna

Visa and Klarna said Tuesday they have reached an agreement for Visa to invest in Klarna, and intend to develop a future strategic partnership. Klarna, a European online payments company, serves 60 million consumers and 70,000 retailers, the companies said in a press release. The equity investment and planned partnership demonstrate Visa and Klarna’s shared vision to accelerate online and mobile commerce for the benefit of consumers and merchants across […]

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