U.S. Home Systems, Inc. (Nasdaq:USHS) reported financial results for the third quarter and nine months ended September 30, 2010.
USHS is engaged in the specialty products home improvement business.
For the third quarter, USHS revenues increased 39.2% to a record $39.6 million as compared to $28.4 million in the third quarter 2009. This was the fifth consecutive quarter of sequentially increasing revenue. Net income for the third quarter 2010 was $620,000 or $0.09 per share.
The quarter included a pre-tax loss of $171,000 on the sale of its deck manufacturing facility. Excluding this loss, net income would have been $722,000, or $0.10 per share. Net loss in the third quarter 2009 was $510,000, or ($0.07) per share.
U.S. Home Systems, Inc. engages in specialty product home improvement business in the United States. The company manufactures or procures, designs, sells, and installs custom quality specialty home improvement products.
Solar Park Initiatives Applauds California Elect Governor Jerry Brown's Stance on Renewable Energy
Solar Park Initiatives, Inc. (OTC:SOPV), a Florida-based solar energy company dedicated to utility and commercial solar park developments in North America, applauds the election of Jerry Brown as the new Governor of California.
Governor Brown has a vision for renewable energy in California. Brown has promised to implement a 33 percent renewable energy portfolio standard and facilitate the installation of 20,000 megawatts of new renewable energy -- 12,000 megawatts in distributed generation and 8,000 megawatts in large scale renewable projects like solar parks and wind farms.
Solar Park Initiatives has been focused on creating a presence in the state of California and is excited about the state's position on renewables. David Surette, CEO of Solar Park Initiatives, stated, "The push for renewable energy continues to grow and states like California are embracing clean energy sources like solar which creates significant opportunities for our company."
Currently Solar Park Initiatives is working on two solar park projects in California and looks forward to working with the state in its implementation of a 33 percent renewable energy portfolio standard.
Solar Park Initiatives, Inc. Business Strategy
Solar Park Initiatives intends to develop land for large utility scale solar photovoltaic ("PV") projects.
The Company will provide engineering, procurement of products and construction ("EPC") via third party suppliers including its sister company Solar Energy Initiatives, Inc.
SOPV will attempt to sell the resultant electrical production to various utilities and large commercial entities through a Power Purchase Agreement ("PPA").
The Company expects to provide energy savings to commercial and municipality users without any out of pocket engineering, procurement or construction ("EPC") costs to those users of energy.
Kinder Morgan Energy Partners, L.P. (NYSE:KMP) recently increased its quarterly cash distribution per common unit to $1.11 ($4.44 annualized) payable on Nov. 12, 2010, to unitholders of record as of Oct. 29, 2010.
The distribution represents a 6 percent increase over the third quarter 2009 cash distribution per unit of $1.05 ($4.20 annualized). KMP has increased the distribution 38 times since current management took over in February of 1997.
Kinder Morgan Management, LLC operates as an energy transportation and storage company in North America. It transports natural gas, gasoline, crude oil, carbon dioxide, and other products; and stores petroleum products and chemicals.
Wabash National Corporation (NYSE:WNC) announced that it presented awards to 14 of its top suppliers at the company's annual supplier conference.
Eleven platinum awards were given to suppliers that demonstrated the essential aspects of supply chain performance in delivery, quality, cost, innovation and attitude. The recipients of these awards were: FedEx Freight, Meritor/Wabco, Goodyear Tire & Rubber, Overseas Hardwoods, Truck-Lite, Hardebeck Trucking, Hynes Industries, Safety Solutions, Steel Dynamics, Valspar Corporation and Weldstar.
Wabash National Corporation engages in the design, manufacture, and marketing of standard and customized truck trailers and related transportation equipment primarily in North America
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