Key Developments: Cameron International Corp (CAM)

CAM on New York Consolidated

73.96USD
28 Jul 2014
Price Change (% chg)

$-0.19 (-0.26%)
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Latest Key Developments (Source: Significant Developments)

Cameron International Corp raises FY 2014 EPS outlook; gives Q3 2014 EPS outlook above analysts' estimates
Thursday, 24 Jul 2014 07:35am EDT 

Cameron International Corp:Raised FY 2014 earnings outlook to a range of $4.00 to $4.25 per share excluding unusual items.Expects Q3 2014 earnings from continuing operations to be in the range of $1.10 to $1.20 per diluted share excluding unusual items.FY 2014 EPS of $3.93 - Thomson Reuters I/B/E/S.Q3 2014 EPS of $1.08 - Thomson Reuters I/B/E/S.  Full Article

Cameron International Corp completes public offering of $500 mln of senior notes - Form 8-K
Friday, 20 Jun 2014 02:49pm EDT 

Cameron International Corp:On June 20, Company completed public offering of $250.0 mln aggregate principal amount of the Company’s 1.40 pct Senior Notes due 2017 and $250.0 mln aggregate principal amount of company’s 3.70 pct Senior Notes due 2024.Pursuant to an Underwriting Agreement, dated June 17 with Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Mitsubishi UFJ Securities (USA), Inc. and RBS Securities Inc., as representatives of the several underwriters named therein (Underwriters).Received aggregate net proceeds of about $495.8 million from offering of Notes (after deducting underwriting discounts and commissions and other estimated expenses payable by company).Intends to use a portion of net proceeds from offering of Notes to redeem all of outstanding $250.0 million 1.60 pct Senior Notes due 2015 and to use remaining amount for general corporate purposes.  Full Article

Cameron International Corp prices $500 mln of unsecured senior notes
Tuesday, 17 Jun 2014 07:16pm EDT 

Cameron International Corp:Prices public offering of $250 mln aggregate principal amount of 1.40 pct. senior notes due 2017 and $250 mln aggregate principal amount of 3.70 pct. senior notes due 2024.Sale of senior notes is expected to settle on June 20.Intends to use portion of net proceeds from offering to redeem all of its 1.60 pct. senior notes due April 30, 2015 and to use remaining amount for general corporate purposes.Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Mitsubishi UFJ Securities (USA), Inc. and RBS Securities Inc. are acting as joint book-running managers for senior notes offering.In addition, Barclays Capital Inc., Standard Chartered Bank, DNB Markets, Inc., Morgan Stanley & Co. LLC, BBVA Securities Inc., UniCredit Capital Markets LLC and Wells Fargo Securities, LLC are acting as co-managers.  Full Article

Cameron International completes sale of reciprocating compression business to GE
Tuesday, 3 Jun 2014 09:00am EDT 

Cameron International Corp:Completes sale of Reciprocating Compression business to GE for cash consideration of about $550 mln.  Full Article

Cameron International Corp gives Q2 2014 EPS guidance in line with analysts' estimates; raises FY 2014 EPS guidance
Thursday, 24 Apr 2014 07:33am EDT 

Cameron International Corp:Expects Q2 2014 earnings from continuing operations to be in the range of $0.84 to $0.89 per diluted share excluding charges.Expects FY 2014 earnings from continuing operations to be in the range of $3.80 to $4.10 per share (EPS)excluding charges.Q2 2014 EPS of $0.89 and FY 2014 EPS of $3.83 - Thomson Reuters I/B/E/S.  Full Article

Cameron International Corp awarded order for 25,000 psi blowout preventer
Thursday, 27 Mar 2014 09:00am EDT 

Cameron International Corp:Has received an order from Freeport-McMoRan Oil & Gas to supply a 25,000 psi blowout preventer stack and 25,000 psi manifold.  Full Article

Cameron International Corp announces $500 mln Increase in share repurchase authorization and Establishes $500 mln commercial paper program
Friday, 21 Mar 2014 09:15am EDT 

Cameron International Corp:Approved an increase in the company's share repurchase authorization by an additional $500 million.Established its first commercial paper program which will be used for general corporate purposes including share repurchases.Program is authorized to a maximum of $500 million.  Full Article

Cameron International Corp issues FY, Q1 2014 EPS guidance in line with analysts' estimates
Thursday, 30 Jan 2014 07:30am EST 

Cameron International Corp:Expects its fiscal 2014 earnings from continuing operations to be in the range of $3.60 to $4.00 per diluted share, excluding charges.Sees first quarter 2014 earnings from continuing operations, excluding charges and Reciprocating Compression, are expected to reflect the typical seasonal decline from the fourth quarter and are forecasted to be about $0.70 to $0.75 per diluted share.Fiscal 2014 EPS of $3.78 - Thomson Reuters I/B/E/S.First quarter 2014 EPS of $0.75 - Thomson Reuters I/B/E/S.  Full Article

General Electric Co to acquire Cameron's reciprocating compression division
Monday, 20 Jan 2014 09:30am EST 

General Electric Co:Says has agreed to acquire Cameron's Reciprocating Compression division for $550 mln.Says the division provides reciprocating compression equipment and aftermarket parts and services for oil and gas production, gas processing, gas distribution and independent power industries.Says the acquisition is expected to close later this year subject to regulatory approval.  Full Article

Cameron International Corp completes public offering of senior notes - Form 8-K
Monday, 16 Dec 2013 05:07pm EST 

Cameron International Corp:Says on Dec 16, it completed the public offering of $250 million aggregate principal amount of the its 1.150% Senior Notes due 2016, $250 million aggregate principal amount of the its 4.000% Senior Notes due 2023 and $250 million aggregate principal amount of the its 5.125% Senior Notes due 2043.Says pursuant to an Underwriting Agreement, dated Dec 11, 2013, with J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and RBS Securities Inc., as representatives of the several underwriters named therein.Says it intends to use the net proceeds from the offering of the Notes of about $740.7 million to repurchase shares of its common stock and for general corporate purposes, which may include the repayment at maturity of the company’s $250 million floating rate Senior Notes due June 2, 2014.  Full Article

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