Motorcar Parts of America, Inc. (Nasdaq:MPAA) reported results for its fiscal 2016 first quarter- reflecting record sales and adjusted profitability for a first quarter, supported by new business and product-line expansion contributions. Net sales for the fiscal 2016 first quarter increased 36.3 percent to $85.8 million from $63.0 million for the same period a year earlier. On an adjusted basis, net sales climbed 36.6 percent to $86.6 million from $63.4 million in the fiscal 2015 first quarter — excluding certain customer allowances related to new business. The company’s sales performance for the fiscal 2016 quarter reflects new rotating electrical business gains, as well as increased contributions from wheel hubs and the company’s emerging master cylinder business.Motorcar Parts of America, Inc. (NASDAQ:MPAA) belongs to Consumer Goods sector. Its net profit margin is 3.80% and weekly performance is 11.69%. On last trading day company shares ended up $33.07. Motorcar Parts of America, Inc. (NASDAQ:MPAA) distance from 50-day simple moving average (SMA50) is 9.93%.
Alibaba Group Holding Ltd (NYSE:BABA) has launched an English-language version of its fakes hotline after it signed exclusive deals with international retailers in a push to draw more global brands to its platform.China has gained a reputation for knock-off products and Alibaba has been trying to combat the problem on its own e-commerce sites over the past year. Alibaba Group Holding Ltd (NYSE:BABA) shares increased 2.09% in last trading session and ended the day at $80.47. BABA Gross Margin is 68.70% and its return on assets is 10.50%. Alibaba Group Holding Ltd (NYSE:BABA) quarterly performance is -7.21%.
Glacier Bancorp, Inc. (NASDAQ:GBCI) announced the signing of a definitive agreement to acquire Cañon National Bank, a community bank based in Cañon City, Colorado. The acquisition marks Glacier’s 17th acquisition since 2000 and its fifth announced transaction in the past two and a half years. Cañon National Bank provides banking services to individuals and businesses in south central Colorado, with nine banking offices located in Colorado Springs, Pueblo, Pueblo West, Cañon City, Colorado City, and Florence. As of June 30, 2015, Cañon National Bank had total assets of $253 million, gross loans of $159 million and total deposits of $225 million. On 10 August, Glacier Bancorp, Inc. (NASDAQ:GBCI) shares moved up 2.10% and was closed at $28.74. GBCI EPS growth in last 5 year was 21.90%. Glacier Bancorp, Inc. (NASDAQ:GBCI) year to date (YTD) performance is 6.14%.
Installed Building Products, Inc. (NYSE:IBP) announced the acquisition of Eastern Contractor Services (“Eastern”) based in New Jersey and operating as Parker Insulation and Building Products (“Parker”) in Nederland, Texas. Eastern is a well-established 41 year old company with locations in Flanders and Tuckerton, New Jersey, with a primary focus on fiberglass and spray foam insulation installations. Parker’s product offerings include fiberglass and spray foam insulation as well as garage doors and other complementary products, in the Southeastern Texas market. Both Eastern and Parker focus on new single-family and multi-family residential construction end markets. Installed Building Products, Inc. (NYSE:IBP) ended the last trading day at $28.56. Company weekly volatility is calculated as 3.42% and price to cash ratio as 159.99. Installed Building Products, Inc. (NYSE:IBP) showed a weekly performance of 5.93%.
Pinnacle Foods Inc. (NYSE: PF) reported its financial results for the second quarter ended June 28, 2015 and raised its guidance for full-year adjusted diluted earnings per share to $1.89 to $1.91, representing the high end of its previous $1.86 to $1.91 guidance range.Consolidated net sales in the second quarter of 2015 increased 2.3% versus year-ago, largely reflecting the benefit of the Gardein acquisition and base business results that were essentially even with year-ago, including the unfavorable impact of the earlier timing of Easter. Net sales for North America Retail, which is comprised of the Birds Eye Frozen and Duncan Hines Grocery segments, increased 2.0% versus year-ago. The earlier timing of Easter in 2015 shifted sales from the second quarter into the first quarter, reducing the second quarter net sales comparisons by approximately 1%. Pinnacle Foods Inc. (NYSE:PF) shares moved up 0.46% in last trading session and ended the day at $45.72. PF Gross Margin is 26.40% and its return on assets is 5.00%. Pinnacle Foods Inc. (NYSE:PF) quarterly performance is 11.64%.