Peabody Energy First Quarter Earnings Call
Mar 19, 6:14 AM EDT |
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| Global coal demand for electricity generation continues to grow, creating favorable markets and rising coal prices around the world. |
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| Revenues grew to $1.37 billion compared with $1.31 billion in the prior year, led by a 28% increase in realized pricing for premium Powder River Basin product. Results from mining operations reflected increased Western U.S. coal pricing and the contribution of Excel Coal. Cash flow from operations increased to $247 million and the company reduced debt by approximately $100 million. Projections of long-term global coal demand also continue to increase. |
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The Knot Fourth Quarter Earnings Call
Mar 18, 4:17 PM EDT |
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| Revenue rose 70% to $21.7 million, from $12.8 million in 2006 due to the WeddingChannel acquisition and increases in the local vendor base. |
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| The lifestyle management company reported net income of $14.6 million or 45 cents a share, up 873% from $1.5 million or 6 cents a share in the prior year on revenue growth and a non-cash income tax benefit of $9.4 million. Strategic acquisitions position the firm to expand its services to benefit both advertisers and first time parents on the national and local level. |
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D.R. Horton Second Quarter Earnings Call
Mar 18, 2:12 PM EDT |
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| Net income was $52 million or 16 cents a share, down 85.3% from $353 million, or $1.11 a share prior year period due to challenging market conditions. |
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| The home builder reported revenue of $2.6 billion, down 25.7% from $3.5 billion in 2006 as the home building environment remained challenging, with the firm closing 9,792 homes, compared to 12,570 homes in the prior year. Inventory levels of both new and existing homes remain high, and increases in the use of sales incentives continue to put pressure on profit margins. |
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Ann Taylor Stores Fourth Quarter Earnings Call
Mar 18, 7:30 AM EDT |
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| Impacted by the restructuring charges, the company incurred a net loss of $6.7 million as against a net income of $21.5 million in prior year. |
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| The specialty retailer of women’s apparel had revenue of $600.8 million, down 2% from $610.5 from prior year, on 12% drop in the revenue of Ann Taylor brand. The company is delaying the test of its new concept business, as it is difficult to analyze the test results in the current macro economic environment. During fiscal 2007, the firm opened 77 new stores and closed 17, bringing the total to 929 stores. For fiscal 2008, Ann Taylor projects EPS in the range of 35 cents to 40 cents. |
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Chico’s FAS Fourth Quarter Earnings Call
Mar 18, 1:06 AM EDT |
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| Revenues rose 43% to $1.71 billion compared with $1.64 billion in the prior year. |
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| The specialty retailer posted annual net income of $88.9 million, or 50 cents per share versus $166.6 million, or 93 cents per diluted in fiscal 2006. The company opened 128 new stores and relocated and expanded 52 stores during the year, for a net selling square footage increase of about 23%. The management reported fourth quarter results as disappointing and now anticipates opportunity for earnings improvement in the second half of fiscal year 2008. |
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Continental Airlines First Quarter Earnings Call
Mar 18, 1:01 AM EDT |
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| The company posted the first quarter profit since 2001 of $22 million versus net loss of $66 million in the past year quarter. |
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| The world’s fifth largest carrier recorded a quarterly profit on the back of strong revenue growth, continued cost discipline and slight fuel price decrease. Despite the severe winter storms that reduced revenues by over $10 million, the company’s operating income rose from $11 million in the last year quarter to $64 million, an increase of 481.8%. The management expressed bullish sentiments, as the company moves into seasonally stronger quarters. |
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Men’s Wearhouse Fourth Quarter Earnings Call
Mar 17, 11:23 AM EDT |
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| Earnings of $15 million or 28 cents were 72% lower than $52 million or 99 cents a share in 2006 due to weakness of consumer traffic levels. |
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| The men’s apparel retailer reported a 1.9% drop in total sales to $535 million from $556.8 million in the prior year as tuxedo rental revenues, representing 6.5% of total sales, increased 141.9%, largely influenced by the addition of After Hours. The company expects to close its Canadian based manufacturing facility, operated by its subsidiary, Golden Brand in 2008. It also repurchased 1.2 million shares at a value of $27.7 million, or the equivalent of $23 per share. |
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Union Pacific First Quarter Earnings Call
Mar 17, 1:09 PM EDT |
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| Earnings rose 23% to $386 million or $1.41 per share, from $311 million or $1.15 per share on strong pricing and better operating efficiency. |
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| The transportation company reported a 4% increase in operating revenue to $3.8 million, despite a 2% car loading decrease due to continued economic weakness as reflected in the autos, industrial products, and domestic intermodal business. The firm paid a quarterly dividend of 35 cents per share, and bought back over 2 million shares of common stock or 10% of the program through open market purchases at an average purchase price of $98.68 per share. |
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BlackRock First Quarter Earnings Call
Mar 17, 7:33 AM EDT |
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| The net income was $195.4 million or $1.48 per share as against $1.06 in prior year quarter. |
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| The investment management company reported revenue of $1.005 billion compared to $1.019 billion for fourth quarter 2006, reflecting lower performance fees, the impact of two fewer days and a lower fee mix for equities. Assets under management totaled $1.154 trillion at March 31, 2007, up 7.4% since closing the MLIM merger. Of the projected $170 million to $180 million MLIM integration charges, the first quarter charges totaled $7.1 million. |
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BlackRock Fourth Quarter Earnings Call
Mar 17, 7:30 AM EDT |
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| Excluding the impact of the Merrill Lynch Investment Managers transaction, net income rose 40% over last year to $1.28 per share. |
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| The provider of financial services reported revenue of $1.019 billion for fourth quarter 2006. While the performance fees totaled $39.9 million, BlackRock Solutions revenues were $37.7 million. During the quarter, one-time MLIM integration charges were $51.3 million. BlackRock, anticipating GAAP earnings per share of $6.90 to $7.20 for fiscal 2007, stated that hereafter it will return to its earlier policy of not providing earnings guidance. |
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