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Triumph Group, Inc. (NYSE:TGI) reported that net sales for the first quarter of fiscal year ending March 31, 2012 totaled $845.1 million, a 108 percent increase from last year's first quarter net sales of $407.2 million. Organic sales growth for the quarter was thirteen percent. Income from continuing operations for the first quarter of fiscal year 2012 was $50.9 million, or $0.99 per diluted share, versus $11.6 million, or $0.31 per diluted share, for the first quarter of the prior fiscal year. The quarter's results included $0.5 million pre tax ($0.3 million after tax or $0.01 per diluted share) of integration expenses related to the acquisition of Vought Aircraft Industries (now Triumph Aerostructures-Vought Aircraft Division). The prior fiscal year's quarter included $17.4 million pre tax ($13.2 million after tax) of transaction and integration expenses associated with the Vought acquisition. Excluding these costs, income from continuing operations for the quarter was $51.2 million, or $1.00 per diluted share. Net income for the first quarter of fiscal year 2012 increased 342 percent to $50.2 million, or $0.98 per diluted share, versus $11.4 million, or $0.30 per diluted share for the prior fiscal year. The results for first quarter of fiscal year 2012 included approximately $7.7 million of costs related to the retirement of the $350 million Term Loan B. In addition, the results for the quarter reflected the sale of the discontinued operation which was completed in early July. The number of shares used in computing diluted earnings per share for the first quarter of fiscal year 2012 was 51.3 million shares and reflected the previously announced two-for-one stock split.
Triumph Group, Inc., through its subsidiaries, engages in the design, engineering, manufacture, repair, overhaul, and distribution of aircraft components. The company operates in two segments, Aerospace Systems and Aftermarket Services.
Cleantech Transit Inc (OTCPK:CLNO)
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Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company's manufacturing clients worldwide.
Cleantech Transit, Inc. (OTCPK:CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
For more information about CLNO, visit www.cleantechtransitinc.com
Apartment Investment & Management Co. (NYSE:AIV) announced that its Board of Directors declared a quarterly cash dividend of $0.12 per share of Class A Common Stock for the quarter ended June 30, 2011, payable on August 31, 2011, to stockholders of record on August 19, 2011.
Apartment Investment and Management Company (AIMCO) is a real estate investment manager. The firm engages in the acquisition, ownership, management, and redevelopment of apartment properties. It invests in real estate markets of United States.
Carpenter Technology Corp. (NYSE:CRS) reported net income attributable to Carpenter of $25.5 million or $0.57 per share for the quarter ended June 30, 2011. Costs in the quarter related to the recently announced Latrobe Specialty Metals (Latrobe) acquisition were $2.4 million or $0.04 per diluted share. Excluding these costs, net income attributable to Carpenter was $0.61 per diluted share. This compares to net income attributable to Carpenter of $5.9 million or $0.13 per share for the same quarter a year earlier.
Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals primarily in the United States, Europe, the Asia Pacific, Mexico, and Canada.
Cleco Corporation (NYSE:CNL) will host its 2011 second-quarter earnings webcast at 11 a.m. Eastern time (10 a.m. Central time) on Thursday, Aug. 4, 2011. To listen to the live webcast, go to the company`s website at www.cleco.com, select "Investor Relations" and "Cleco Corp. 2011 Second-Quarter Earnings Webcast" located under Upcoming Events. The webcast will follow distribution of the company`s second-quarter earnings news release after the market closes on Wednesday, Aug. 3, 2011. A replay of the webcast will be available on Cleco`s website for 12 months.
Cleco Corp. is a regional energy company headquartered in Pineville, La. It operates a regulated electric utility company, Cleco Power LLC, which serves about 279,000 retail customers across Louisiana. Cleco also operates a wholesale energy business, Cleco Midstream Resources LLC. For more information about Cleco, visit www.cleco.com.
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