Boston, MA 05/20/2014 (wallstreetpr) – The senior managers of Energen Corporation (NYSE:EGN) will present at the UBS Global Oil and Gas Conference in Austin. The presentation before the participating member of the investment community will unfold between May 20 and 21, 2014. The company continues to engage investors at various levels to outline its efforts, prospects and possible challenges in efforts to win big investor confidence especially after the lukewarm 1Q2014 financial results. Shares of the company have gone up 9.2 percent since it issued its tepid results. The company generated revenue of $561.2 million and earned $1.05 per share. The results fell short of Wall Street expectation of $562.4 million revenue and EPS of $1.18. Energen Corporation (NYSE:EGN) promised to continue its focus on revenue growth and cost-savings to support strong performance going forward.
Pinnacle Foods Inc (NYSE:PF) said that its majority shareholder Blackstone Group L.P. (NYSE:BX), that agreed to support its tie-up with Hillshire Brands Co (NYSE:HSH), will hold 16 percent stake in the combined company. Blackstone acquired Pinnacle Food and later took it public through an initial public offering that saw it acquire 51 percent stake in the food company. In addition to getting a significant stake in Hillshire, Blackstone will also have a seat in the board of the combined company. Pinnacle Foods last week agreed to a deal to merge into Hillshire for a $4.3 billion transaction or roughly $6.6 billion, including debt. Shareholders of Pinnacle Foods Inc (NYSE:PF) will receive cash consideration of $18 per share and half a share of Hillshire, therefore, valuing each share at about $36. Pinnacle 3Q2014 earned 36 cents per share, ahead of 35 cents per share in the consensus estimate. Revenue was $644 million, yet analysts expected $649.30 million for the quarter. Both earnings and revenue were up from the same period a year ago.
Iron Mountain Incorporated (NYSE:IRM) that reported modest performance improvement in 1Q2014 intends to make additional acquisitions to boost its market share and trust among customers. The company provides data storage and backup services. It concluded 1Q with cash and cash equivalent of $170 million compared with $121 million at the end of 4Q2013. Iron Mountain Incorporated (NYSE:IRM) has invested about $60 million since the beginning of the year with the majority of the investments happening at the international scale.
