Transcat, Inc. (Nasdaq:TRNS), a leading distributor of professional grade handheld test and measurement instruments and accredited provider of calibration, repair and other measurement services, reported financial results for its fiscal 2012 second quarter ended September 24, 2011. Included are the results of the calibration and repair services business of ACA TMetrix Inc. (�TMetrix�), which the Company acquired on November 1, 2010, those of Wind Turbine Tools, Inc. and its affiliated companies (�Wind Turbine Tools�), a premier provider of products and services to the wind energy industry, which the Company acquired effective January 11, 2011, those of CMC Instrument Services, Inc. (�CMC�), a Rochester, New York-based provider of dimensional calibration and repair services, which the Company acquired on April 5, 2011, and those as a result of the Company�s acquisition of Newark Corporation�s calibration service business (�Newark�), a subsidiary of Premier Farnell, PLC, which the Company acquired on September 8, 2011.
Net revenue in the second quarter of fiscal 2012 was $25.2 million, an increase of 20.4% compared with net revenue of $20.9 million in the second quarter of fiscal 2011. Product segment net sales were $17.0 million for the second quarter of fiscal 2012, an increase of 26.0% compared with $13.5 million in the prior fiscal year second quarter. Service segment net revenue, which represented 32.6% of total net revenue, increased 10.3% to $8.2 million in the second quarter of fiscal 2012 compared to $7.4 million in the prior fiscal year second quarter.
Charles P. Hadeed, President, CEO and COO of Transcat, commented, �Our strategy of pursuing both organic and acquired opportunities for growth is clearly demonstrated in the achievement of record net revenue for our second quarter.. We had solid performance from both the Product and Service segments, and we are encouraged by the results of our various growth initiatives. Service segment acquisitions are important to our growth, and the successful integration of these operations remains one of our key strengths. Acquisitions have also contributed to our Product segment growth, combined with incrementally adding strong brands to our portfolio. For both segments, our ability to integrate our acquisitions improves with each transaction.�
Transcat, Inc. is a leading distributor of professional grade handheld test and measurement instruments and accredited provider of calibration, repair and other measurement services primarily for the pharmaceutical and FDA-regulated, industrial manufacturing, energy and utilities, chemical manufacturing and other industries.
More about TRNS at www.transcat.com
Superior Industries International, Inc. (NYSE:SUP) announced net income of $4.2 million, or $0.16 per diluted share, for the third quarter of 2011. This compares with net income of $10.4 million, or $0.39 per diluted share, for the third quarter of 2010. Net sales for the 2011 third quarter grew 13% to $207.1 million from $183.7 million a year ago, principally reflecting an increase in the pass-through pricing of aluminum. Unit shipments of 2.9 million in the 2011 third quarter approximated those in the comparable quarter last year. Gross profit declined to $12.6 million, or 6 percent of sales in 2011, from $19.7 million, or 11 percent of sales, for the third quarter of 2010. Income from operations decreased to $6.0 million from $11.4 million in the third quarter a year ago.
Superior Industries International, Inc. designs, develops, manufactures, sells, and supplies cast aluminum road wheels to automobile and light truck manufacturers primarily in North America. The company was founded in 1957 and is headquartered in Van Nuys, California.
Crown Equity Holdings, Inc. (CRWE)
Crown Equity Holdings Inc. (CRWE) recently announced that it has entered into a joint venture to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers. The joint venture company is Crown Tele Services Inc. which was a wholly-owned subsidiary of Crown Equity Holdings Inc. Crown Equity Holdings Inc. will own fifty percent (50%) interest in the joint venture.
Commenting on the joint venture, Kenneth Bosket, President of Crown Equity Holdings Inc., said: “We are excited to deliver VoIP communications solutions specifically designed to meet the business and residential market needs in this fast-growing global market.”
VoIP (Voice over Internet Protocol) is one of the greatest inventions of all. Everybody, from small businesses to major corporations, and including households are benefiting from VoIP (Voice over Internet Protocol). Major businesses and households are switching to VoIP (Voice over Internet Protocol). They are switching due to cost saving from VoIP (Voice over Internet Protocol). Whether you’re calling your friends in the same area, or doing business calls overseas, call rates using VoIP (Voice over Internet Protocol) are very cheap. They vary from one provider to the other; many offer different free bundles etc. As long as you have an internet connection, it is always cheaper than the standard PSTN telephone line.
Crown Equity Holdings Inc. together with its digital network currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers. Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.
For more information, visit http://www.crownequityholdings.com
Nabors Industries Ltd. (NYSE:NBR) announced its results for the third quarter and nine months ended September 30, 2011. Adjusted income derived from operating activities was $235.7 million for the third quarter, compared to $164.4 million in the third quarter of 2010 and $174.8 million in the second quarter of this year. Net income from continuing operations was $129.6 million, or $0.44 per diluted share, excluding approximately $47.4 million, or $0.16 per diluted share, which represents the net effect of non-cash asset impairments related to rig retirements, partially offset by asset gains from two recent acquisitions.
Nabors Industries Ltd. operates as a land drilling contractor worldwide. It markets approximately 550 land drilling rigs for oil and gas land drilling operations in the United States Lower 48 states, Alaska, Canada, South America, Mexico, the Caribbean, the Middle East, the Far East, Russia, and Africa.
Basic Energy Services, Inc. (NYSE:BAS) announced its financial and operating results for the third quarter and nine months ended September 30, 2011. Third quarter net income as reported was $26.6 million, or $0.64 per diluted share, compared to net income of $16.6 million last quarter and a net loss of $9.3 million in the third quarter of 2010. The current quarter results included a $631,000 tax adjustment related to the first quarter’s early extinguishment of its $225 million 11.625% Senior Secured Notes due 2014 (”2014 Notes”).
Basic Energy Services, Inc. provides a range of well site services to oil and natural gas drilling and producing companies in the United States.
No comments :
Post a Comment