Shares of Sealed Air Corp (NYSE:SEE) ended Friday session in green amid volatile trading. The shares closed up +0.10 points or 0.22% at $45.82 with 1.60 million shares getting traded. Post opening the session at $46.03, the shares hit an intraday low of $45.51 and an intraday high of $46.46 and the price vacillated in this range throughout the day. The company has a market cap of $9.03 billion and the numbers of outstanding shares have been calculated to be 196.70 million shares.
Sealed Air Corp (SEE) on July 28, 2016 announced financial results for second quarter 2016. Commenting on these results, Jerome A. Peribere, President and Chief Executive Officer, said, “In the second quarter, we delivered $1.7 billion in net sales by leveraging growth opportunities in targeted regions and end markets, offsetting other areas that were challenged by economic uncertainty. These efforts, coupled with our continued focus on new product adoption and operational disciplines, resulted in solid margin performance in our three core divisions. We are delivering on our 2016 objectives, and expect stronger performance in the second half of the year. This performance will be primarily driven by increased demand for our core product portfolio, recently introduced innovations, and accelerated growth in the global protein market and e-Commerce sector. We also anticipate less currency headwinds than previously forecasted.”
Shares of Dana Holding Corporation (NYSE:DAN) ended Friday session in green amid volatile trading. The shares closed up +0.43 points or 2.84% at $15.59 with 1,547,204 shares getting traded. Post opening the session at $15.29, the shares hit an intraday low of $15.18 and an intraday high of $15.70 and the price vacillated in this range throughout the day. The company has a market cap of $2.30 billion and the numbers of outstanding shares have been calculated to be 143.73 million shares.
Dana Holding Corporation (DAN) on Sept. 26, 2016 unveiled its Spicer® Smart Suite™ technology option for the mining industry. This fully integrated system of connected-vehicle features turns passive drivetrain components into active sources of intelligence, transforming raw data into actionable insights to improve safety, boost efficiency, and reduce costs.
The Spicer Smart Suite platform is designed to reduce the risk of vehicle breakdowns in underground mines, improve the efficiency and precision of load transfers, and enhance the long-term durability of powertrain systems. Ultimately, this technology will be offered as an optional feature on all Spicer axles for load haul dumpers (LHDs) and articulated trucks used in underground mining operations.
“While demanding productivity, the mining industry places an extraordinary premium on safety. As a result, automated technologies are transforming the process for extracting underground commodities,” said Aziz Aghili, president of Dana Off-Highway Drivetrain Technologies. “This Spicer Smart Suite package helps mining equipment operators balance their priorities with predictive maintenance and insightful diagnostics that deliver optimal vehicle efficiency while keeping the machine in top working condition at all times.”