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Hexcel Corp. (HXL)
Hexcel Corporation today reported third quarter earningse were $10.4 million, or $0.11 per diluted share, compared to $33.0 million or $0.34 per diluted share in 2008. Net sales during the quarter were $257.1 million, 22.4% lower than the $331.4 million reported for the third quarter of 2008.
Oct 26 · 7:35:00 PM · Source: Company News Release
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by Larry Etter
Hexcel Corp. (HXL)
Hexcel Corporation today reported third quarter earningse were $10.4 million, or $0.11 per diluted share, compared to $33.0 million or $0.34 per diluted share in 2008. Net sales during the quarter were $257.1 million, 22.4% lower than the $331.4 million reported for the third quarter of 2008.
Oct 26 · 7:33:00 PM · Source: Company News
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by Larry Etter
Caterpillar (CAT)
Caterpillar the world's biggest maker of heavy machinery, said Monday it plans to permanently cut 2,500 workers even as increasing demand will allow it to recall some employees who were laid off during the economic downturn.
Oct 26 · 3:35:00 PM · Source: Company News Release
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by Larry Etter
General Cable Corp. (BGC)
General Cable reported third quarter earnings of $16.4 million, or 31 cents a share, compared with earnings of $50.5 million, or 94 cents a share, a year ago. Excluding items, it earned 55 cents a share. Net sales fell 25 percent to $1.08 billion.
Company said weak demand and rising metal prices would hurt its fourth-quarter earnings.
Oct 26 · 10:10:00 AM · Source: Company News Release
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by Larry Etter
Honeywell (HON)
Honeywell reported Q3 earnings of $0.80 per share on net income of $619 million versus $0.97 per share on net income of $723 million in the year ago period.
“Honeywell is positioning its businesses for long-term growth by continuing to invest in new products and services, geographic expansion, and key process initiatives," said Honeywell Chairman and Chief Executive Officer Dave Cote. "We executed well in the third quarter with sales on track and better than expected earnings and free cash flow performance. We're particularly pleased with our free cash flow performance year-to-date, which reflects our strong operating disciplines and working capital controls. These results reflect the impact of the growth investments and productivity actions we have taken in the midst of tough market conditions."
Oct 23 · 3:25:00 PM · Source: Press Release
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by Michael Oliveto
FedEx (FDX)
FedEx said its express parcel delivery business in China continues to gain market share, but competition with local rivals remains very tough.
The company is seeing "good growth" in its business in China, which it launched in 2007, said David Cunningham, Jr., Asia-Pacific president of FedEx's core express segment. “We aren't the price leader from the standpoint of (having) the lowest prices but we have to be competitive...in the marketplace," Cunningham said. He declined to provide specific figures on the China business.
Oct 23 · 3:07:00 PM · Source: NASDAQ
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by Michael Oliveto
Burlington Northern Santa Fe (BNI)
Burlington Northern Santa Fe reported Q3 earnings of $1.42 per share on net income of $488 million versus earning of $1.99 per share on net income of $695 million in the year ago period.
“During the recession, BNSF has demonstrated significant operating leverage through ongoing dedication to controlling costs and productivity improvements,” said Matthew K. Rose, BNSF Chairman, President and Chief Executive Officer. “The combination of our
significant operating leverage and long-term market opportunities places BNSF in a strong position when the economy recovers.”
Oct 23 · 12:41:00 PM · Source: Press Release
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by Michael Oliveto
L.B. Foster (FSTR)
L.B. Foster Company today reported third quarter 2009 net sales decreased 36.5% to $92.4 million compared to $145.6 million in the prior year quarter. Net income of $6.1 million or $0.60 per diluted share compared to net income of $8.1 million or $0.76 per diluted share in the third quarter of 2008.
All of the company segments posted significant declines in net sales for the third quarter.
Oct 23 · 11:35:00 AM · Source: Company News
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by Larry Etter
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