Hexcel Corporation (NYSE:HXL), together with its subsidiaries, engages in the development, manufacture, and marketing of composites for use in the commercial aerospace, space and defense, and industrial applications. Hexcel Corporation sells its products in the United States, France, Austria, the United Kingdom, and internationally. Hexcel Corporation was founded in 1946 and is based in Stamford, Connecticut.
Hexcel Corporation yesterday reported results for the second quarter of 2011. Net sales during the quarter were $353.7 million, 15.9% higher than the $305.1 million reported for the second quarter of 2010. Operating income for the period was $49.4 million, compared to $40.5 million last year. Net income for the second quarter of 2011 was $37.4 million, or $0.37 per diluted share, compared to $23.1 million or $0.23 per diluted share in 2010. Excluding the $5.5 million impact of a tax settlement (Table C), adjusted diluted net income for the second quarter of 2011 was $0.32 per share compared to $0.23 per share in 2010.
Chief Executive Officer of Hexcel, Mr. Berges commented, This was another strong quarter, especially in commercial aerospace as we benefited from increased airplane build rates and the ramp-up of new programs. Solid gross margin performance coupled with our good operating expense control efforts, resulted in a 14% operating margin (our highest in history) and a 39% increase in adjusted diluted EPS compared to last year.
Hexcel Corporation operates in two segments, Composite Materials and Engineered Products. Hexcel Corporation sells and markets its products directly, as well as through independent distributors and manufacturer representatives.
For more information about
Hexcel Corporation, please visit: www.hexcel.com.
Cleantech Transit Inc (OTCPK:CLNO)
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).
Biomass is a renewable source of energy that has a much lighter environmental impact than traditional fossil fuels. As a part of the carbon cycle, harvesting energy from biomass produces only 10% of the carbon dioxide emissions than does burning fossil fuels. Putting biomass to use as a source of energy also reduces the amount of organic waste that ends up in landfills.
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
TAL Education Group (NYSE:XRS) a leading K-12 after-school tutoring services provider in China, has filed its annual report on Form 20-F for the year ended February 28, 2011 with the U.S. Securities and Exchange Commission.
TAL Education Group, together with its subsidiaries, provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, English, Chinese, physics, chemistry, and biology.
Genuine Parts Company (NYSE:GPC) reported sales and earnings for the second quarter and six months ended June 30, 2011. Thomas C. Gallagher, Chairman, President and Chief Executive Officer, announced today that sales totaling $3.2 billion were up 12% compared to the second quarter of 2010. Net income for the quarter was $151.8 million, an increase of 22% from $124.5 million recorded in the same period of the previous year. Earnings per share on a diluted basis were 96 cents, up 23% compared to 78 cents for the second quarter last year.
Genuine Parts Company distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials in the United States, Puerto Rico, Canada, and Mexico.
Majestic Gold Corp. (MJS.V)
Majestic Gold Corp. engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.
Gold is also used as a paste with which a circuit is printed on a ceramic base to produce a printed circuit board. In other areas, each key on the computer keyboard strikes gold circuits that relay the data to the microprocessor. Computer games also use printed circuit boards that have gold circuitry to connect the logic units in the game package. Computer peripherals, where there is frequent plugging and unplugging, use gold-coated contacts to assure consistently clean, corrosion-free contacts and reliable signals. Gold is essential in computer circuitry because of its electrical conductivity and because it does not degrade over time.
Majestic Gold Corp. is pleased to provide a progress update on the new mill construction for the company's flagship Song Jiagou project.
The mill is in the commissioning stage and has begun running ore through the mill in order to access the efficiency of the mill. Majestic expects to run at an initial throughput rate of 3,000 tonnes per day and progressively move upwards towards full capacity of 6,000 tonnes per day once the mill is running at optimal efficiency.
Ore that has been stockpiled at the new mill in order to streamline the commissioning process is currently being processed as part of the commissioning stage. In addition, Majestic is pleased to announce that the tailings dam is fully completed and all tailings lines and water return systems are in place and now in use.
They are excited by the prospect of getting the new mill on line and being in a position to significantly increase production levels. This represents a significant milestone in their transition from exploration to production.
For more information about company: http://www.majesticgold.net/homeabout.html
Motorola Mobility Holdings, Inc. (NYSE:MMI) will issue its second-quarter 2011 earnings results at approximately 3:00 p.m. U.S. Central Time on Thursday, July 28. Motorola Mobility will host its quarterly conference call with financial analysts at 4:00 p.m. U.S. Central Time on July 28. The conference call will be webcast live with audio and slides at investors.motorola.com.
Motorola Mobility Holdings, Inc. provides technologies, products, and services for mobile and wire line digital communication, information, and entertainment applications.
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