Tues
1/15/2013
1:35 PM
ConocoPhillips (NYSE: COP) COP ("ConocoPhillips") has entered into an agreement to sell its properties in the Cedar Creek Anticline for a total of $1.05 Billion before customary adjustments. COP ("ConocoPhillips") has entered into an agreement with Denbury Resources Inc.s principal operating subsidiary to sell COP ("ConocoPhillips") properties in the Cedar Creek Anticline, comprising approximately 86,000 net acres in southwestern North Dakota and eastern Montana. COP ("ConocoPhillips") 2012 net production from these properties averaged 13 thousand barrels of oil equivalent per day through November. The sale does not include any of ConocoPhillips assets in the Bakken Formation, where COP ("ConocoPhillips") owns 626,000 net acres, consisting of 207,000 net lease acres and 419,000 net mineral acres. COP ("ConocoPhillips") expects to record a net earnings benefit of approximately $120 million after-tax in the fourth quarter of 2012. The transaction is expected to close in the first quart...
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1/14/2013
1:16 PM
CACI International Inc. (NYSE: CACI) CACI ("CACI International") previously has been selected as one of seven prime contractors to support battlespace awareness services for the Space and Naval Warfare Systems Center (SSC) Atlantic. With an anticipated ceiling value of $899 million, this five-year indefinite delivery/indefinite quantity contract represents new work for CACI ("CACI International") and further expands the companys presence in its C4ISR (command, control, communications, computers, intelligence, surveillance, and reconnaissance) and cyber markets. Space and Naval Warfare Systems Center Atlantic provides knowledge superiority to join warfighters and peacekeepers through development, acquisition, and lifecycle support of effectively integrated C4ISR, information technology and space capabilities. This contract affords CACI ("CACI International") the opportunity to provide support services including development, integration, and testing of intelligence, battlespace awarenes...
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1/13/2013
4:31 PM
Tiffany & Co. (NYSE: TIF) TIF (Tiffany) previously reported its sales growth for the two-month period ended December 31st. Management also updated its financial outlook. TIF (Tiffany) worldwide net sales increased 4% to $992 million. On a constant-exchange-rate basis that excludes the effect of translating foreign-currency-denominated sales into U.S. dollars (see Non-GAAP Measures schedule), worldwide net sales also rose 4% and comparable store sales were unchanged from the prior year. TIF (Tiffany) sales in the Americas region increased 3% to $516 million in the holiday period. On a constant-exchange-rate basis, total sales increased 2%, and comparable store sales declined 2% in the New York flagship store and in branch stores. Performance was relatively similar across much of the region. Internet and catalog sales rose 4%. TIF (Tiffany) sales in the Asia-Pacific region increased 13% to $187 million. On a constant-exchange-rate basis, total sales increased 11% (due to growth...
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1/12/2013
2:20 PM
Covidien (NYSE: COV) COV (Covidien) previously reported that the Companys Tri-Staple technology platform has achieved more than $1 Billion in product sales since launching in mid-2010. COV (Covidien) Tri-Staple technology platform for endoscopic surgical stapling is the first-of-its-kind technology that enables surgeons to use staplers in a broader range of tissue thicknesses than ever before. Surgeons have rapidly adopted and use Tri-Staple technology reloads across surgical specialties including bariatric, thoracic, colorectal, general, hepatobiliary and gynecological surgery. Endo GIA Reloads with Tri-Staple technology are sold in more than 45 countries. The benefits delivered by Tri-Staple technology are achieved due to its graduated compression design and progressive staple heights, which provide less stress on tissue during compression and clamping1, the potential for greater perfusion into the staple line2 and the ability to manage tissue variability. Covidien (NYSE: COV) i...
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1/11/2013
2:51 PM
Zep Inc. (NYSE: ZEP) ZEP (Zep Inc.) previously reported financial results for the three-month period ended November 30, 2012. First quarter results reflected continued strong sales-growth gains in retail which were driven primarily by automotive aftermarket and home improvement retail outlets. The sales and service organization achieved sales growth in the food, vehicle wash and industrial end markets while our distribution channel drove growth into industrial/MRO customers. In addition, acquisitions added approximately $3.5 million to net sales during the quarter. ZEP (Zep Inc.) revenue in the first fiscal quarter of 2013 was $158.0 million, a 2.9% increase from the first fiscal quarter of 2012. ZEP (Zep Inc.) net income for the first fiscal quarter of 2013 was $3.5 million, a 2.7% decrease compared to net income of $3.6 million in the first fiscal quarter of 2012. The first fiscal quarter of 2013 included a $0.8 million after-tax impact related to integration and acquisition ex...
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1/10/2013
10:54 AM
Plains All American Pipeline, L.P. (NYSE: PAA) PAA (Plains All American Pipeline) previously reported a quarterly cash distribution of $0.5625 per unit ($2.25 per unit on an annualized basis) on all of its outstanding limited partner units. The distribution will be payable on February 14, 2013, to holders of record of such units at the close of business on February 1, 2013. As of this distribution, PAA will have increased its quarterly distribution to limited partners in 33 out of the past 35 quarters and consecutively in each of the past 14 quarters. Concurrent with its fourth-quarter and full-year 2012 earnings announcement in early February, the Partnership expects to increase the midpoint of its 2013 guidance for adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) by approximately 5% over the $1.925 billion preliminary adjusted EBITDA midpoint guidance provided in early November 2012. Based on the midpoint measures of targeted distribution ...
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1/9/2013
11:21 AM
EQ Labs, Inc. (EQLB) Crown Equity Holdings Inc. (CRWE) EQLB (EQ Labs) previously reported its partnership with CRWE (Crown Equity Holdings) and its new board of directors members. The new board of directors members are Kenneth Bosket, Lowell Holden, Montse Zaman, Maurice Owens, Takeesha Owens, Dr. Westbrook Kaplan M.D. and State Representative Darryl Rouson of Florida. Mr. Maurice Owens expressed his deep gratitude to the outgoing board members for their service and leadership during the past years. Both companies shall focus on restructuring EQ Labs, Inc. to add value to the company and its shareholders. Crown Equity Holdings Inc. (CRWE), Together with its digital network of Websites, offers advertising branding and marketing services as a worldwide online multi-media publisher. The company focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them. Its advertising services cover and connect a r...
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1/8/2013
11:54 AM
crweselectlogo-1 Franklin Covey Co. (NYSE: FC) FC (Franklin Covey) previously reported financial results for its fiscal first quarter ended December 1, 2012. FC (Franklin Covey) net sales for the quarter ended December 1, 2012 increased 11% to $44.1 million, all of which was organic growth, compared with $39.5 million in the first quarter of the prior year. Adjusted EBITDA for the quarter increased $0.7 million to $7.1 million, an 11% increase compared with $6.4 million in fiscal 2012. The Companys Adjusted EBITDA margin (Adjusted EBITDA as a percent of sales) remained strong, and was consistent with the prior fiscal years first quarter at 16.1% of sales. Income from operations increased by $1.6 million to $5.3 million, a 43% increase compared with $3.7 million in the first quarter of fiscal 2012. Net income improved by $1.2 million to $2.9 million, or $0.15 per diluted share, a 74% increase compared with $1.7 million, or $0.09 per diluted share, in the first quarter of fiscal 20...
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1/7/2013
11:49 AM
Celadon Group, Inc. (NYSE: CGI) Celadon Trucking Services, Inc., a wholly-owned subsidiary of CGI (Celadon Group) previously reported that it has agreed to acquire Rock Leasing, Inc., based in Warren, IN, and Kelly Logistics, Inc., based in Wadley, AL. The terms and conditions of the transactions were not disclosed. With these acquisitions, Celadon will further expand its breadth of service, now to include temperature control service, as well as an increased number of customer spotting locations and increased multi-tenant warehouse space, in addition to its dry van, intermodal, regional and local coverage. In addition to its dry van business, Rock Leasing is a provider of temperature controlled shipments in and out of the Midwest, which enables Celadon to enter this service category well within many of its primary freight lanes. Kelly Logistics provides dedicated equipment spotting and shuttle services to customers at multiple locations in the Southeast. Celadon will be maintaining t...
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1/6/2013
1:36 PM
Stage Stores, Inc. (NYSE: SSI) SSI ("Stage Stores") previously reported that total sales for the five week December period ended December 29, 2012 increased 5.0% to $287 million from $273 million in the prior year five week December period ended December 31, 2011. SSI ("Stage Stores") comparable store sales for the December period increased 2.7%. SSI ("Stage Stores") noted that its feminine apparel businesses, which includes misses sportswear, petites, plus sizes and juniors, achieved comparable store sales increases that exceeded the Company average for December. Geographically, the Southwest and South Central regions outperformed. Stage Stores, Inc. (NYSE: SSI) operates primarily in small and mid-sized towns and communities. Its stores, which operate under the Bealls, Goodys, Palais Royal, Peebles, Stage and Steeles names, offer moderately priced, nationally recognized brand name apparel, accessories, cosmetics and footwear for the entire family. The Company operates 865 stores in...
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