On Tuesday, Shares of Fairmount Santrol Holdings Inc (NYSE:FMSA), added 0.48% and closed at $8.29 in the last trading session. The last trading range of the stock ranges between $7.98 and $8.44. Fairmount Santrol (FMSA), a leading provider of high-performance sand and sand-based products, recently declared results for the third quarter of 2016.
Third-Quarter 2016 Results
Third-quarter 2016 revenues were $134.8 million, up 18% from $114.2 million in the second quarter of 2016 and down 21% from $171.0 million for the third quarter of 2015. Overall volumes sold were 2.4 million tons for the quarter, a boost of 24% from 2.0 million tons in the second quarter of 2016 and a boost of 19% from 2.0 million tons in the third quarter of 2015.
For third-quarter 2016, the Company had a net loss of $20.6 million, or $(0.11) per share, contrast with a net loss of $87.9 million, or $(0.54) per share, in the second quarter of 2016. The third-quarter net loss includes $9.8 million of pre-tax fees, or $0.03 per share, from renegotiation of railcar contracts, and $1.8 million of non-cash stock compensation expense, or $0.01 per share. The net loss for the second quarter of 2016 included the following pre-tax charges: asset impairments of $90.6 million, stock compensation expense of $3.9 million, inventory write-downs of $10.3 million, restructuring costs of $1.2 million, and $5.3 million of committed professional fees for cost reduction programs and debt extension fees. Net loss for the third-quarter 2015 was $46.2 million, or $(0.29) per share, and included $2.7 million of stock compensation expense and $5.9 million of pre-tax restructuring and impairment charges.
WhiteWave Foods Co (NYSE:WWAV), jumped 0.17% and closed at $54.04 in the last trading session. The last trading range of the stock ranges between $53.86 and $54.11. The company’s Market capitalization is $9.61 Billion with the total volume Shares of 1.85 million. The WhiteWave Foods Company, a consumer packaged food and beverage company, manufactures, markets, distributes, and sells branded plant-based foods and beverages, coffee creamers and beverages, dairy products and organic salads, and fruits and vegetables in North America and Europe. It operates through three segments: Americas Foods & Beverages, Americas Fresh Foods, and Europe Foods & Beverages. The Americas Foods & Beverages segment offers plant-based foods and beverages, such as soymilk, almond milk, coconut and cashew milk, ice cream and frozen novelty products, plant-based yogurts, and Vega plant-based nutritional products under the Silk and So Delicious brands; dairy products, counting Horizon Organic milk, yogurt, cheese, and other dairy products, in addition to Horizon branded macaroni and cheese, and snack foods; and coffee creamers and ready-to-drink beverages under the International Delight, Dunkin Donuts, and LAND O LAKES brand names. The Americas Fresh Foods segment provides packaged salads and greens, fresh and frozen fruits and vegetables, dried fruits, and produce-based snacks under the Earthbound Farm brand. The Europe Foods & Beverages segment offers beverages using soy, almond, coconut, hazelnut, rice, oat, and other plant-based ingredients under the Alpro and Provamel brands; and plant-based alternatives to yogurt, culinary creams, desserts, and margarine. The company sells its products to grocery stores, mass merchandisers, club stores, convenience stores, and health food stores, in addition to various away-from-home channels, counting restaurants and foodservice outlets.
On the otherhand HSN, Inc. (NASDAQ:HSNI), gained 7.84% and closed at $33.70 in the last trading session. The last trading range of the stock ranges between $30.75 and $34.55. During the 52-week trading session the minimum price at which share price traded, registered at $30.75 and reached to max level of $55.87. Interactive multichannel retailer HSN, Inc. (HSNI) declared recently that Carmen Bauza will join the company as executive vice president and chief merchandising officer for HSN. Ms. Bauza comes to HSN with more than 30 years’ experience in retail and merchandising, having served in leadership positions at major consumer brands counting Walmart, L Brands (formerly Limited Brands, Inc.), Five Below, Inc. and the Walt Disney Company. She will join the company November 28 reporting directly to Bill Brand, President, HSN.
Ms. Bauza will be responsible for the comprehensive administration and continuous development of HSN’s cross-category product portfolio – counting the ongoing expansion of proprietary offerings. In Addition To, Ms. Bauza will identify planned opportunities to enhance cross platform experiences and maximize HSN’s vast customer reach through distributed commerce. As retail, technology and consumer behavior continue to evolve, Ms. Bauza will proactively seek innovative ways to engage HSN customers through compelling events and partnerships that complement the company’s experiential retail strategy and extend brand reach through exclusivity and product development capability.