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Oh Check that the long termers were posted BECAUSE of news.
Every Long Term stock in the watchlists posted news as of this morning March 06, 2006
Great !
The Oscars: Uhhhhh. Yeah. Not bad kinda long though.
CHARTs Check the 5 year charts on the NEW Long Term Watchlist..... It really is a thing of beauty. LOL.
NEW Watchlist - Long Term strong EPS and Revenue growth companies
trow
pay
rop
pool
phm
brka
lstr
mur
lkqx
jjsf
jef
hdb
foot
gdi
glyt
eac
esrx
gg
DNR
XTO - Earnings NEWS on a Long Term High Revenue and EPS Growth Stock
(Recasts, adds details)
NEW YORK, Feb 8 (Reuters) - Natural gas producer XTO Energy
Inc. <XTO.N> on Wednesday reported higher fourth-quarter profit
as production rose more than 20 percent.
Profit rose to $454 million, or $1.22 per share, from $174
million, or 50 cents per share, a year earlier. Revenue was
$1.18 billion, up from $601 million a year earlier.
Excluding stock-based compensation costs and other one-time
items, the company posted a profit of $1.18 per share. Analysts
on average expected $1.08 per share on revenue of $1.14
billion.
XTO forecast average daily natural gas production of 1,110
to 1,120 million cubic feet (Mmcf) in the first quarter, and
1,130 to 1,175 Mmcf in the last nine months of the year.
08Feb06 12:12 GMT
Symbols:
de;COH de;COHF us;XTO
Source RTRS Reuters News
TROW - Earnings NEWS on a Long Term High Revenue and EPS Growth Stock
T. Rowe Price quarterly profit rises
NEW YORK, Jan 27 (Reuters) - Investment manager T. Rowe
Price Group Inc. <TROW.O> on Friday said quarterly profit rose
as assets under management reached a record $269.5 billion.
The company said fourth-quarter net income rose to $117.5
million, or 85 cents per share, from $97.1 million, or 71 cents
a share, a year earlier.
27Jan06 12:33 GMT
Symbols:
de;TR1 us;TROW
Source RTRS Reuters News
PAY(NYSE) - Earnings NEWS on a Long Term High Revenue and EPS Growth Stock
VeriFone Reports First Quarter Fiscal 2006 Results
SAN JOSE, Calif.--(Business Wire)--March 2, 2006--
VeriFone Holdings, Inc. (NYSE: PAY):
-- First-Quarter Revenues Increased 21%
-- EBITDA Margins, as adjusted, were 21% for the Quarter
-- GAAP Net Income increased 136%
VeriFone Holdings, Inc. (NYSE: PAY), a leading global provider of
technology that enables electronic payment transactions, today
announced financial results for the three months ended January 31,
2006.
Net revenues, for the three months ended January 31, 2006, were
$134.6 million, an increase of 21% over net revenues of $111.3 million
for the comparable period of fiscal 2005. The increase was driven by a
24% increase in net revenues from VeriFone's International business
and a 19% increase in net revenues in VeriFone's North America
business.
Gross margins, under generally accepted accounting principles
(GAAP), for the three months ended January 31, 2006 were 44.3%,
compared with 38.3% for the first quarter of fiscal 2005. Gross
margins, excluding non-cash amortization of purchased intangibles and
stock-based compensation expense, expanded for the fifth consecutive
quarter and reached a record level of 45.6% compared with 40.1% for
the first quarter of fiscal 2005.
Net income, for the three months ended January 31, 2006, was $13.8
million, or $0.20 per diluted share, compared to $5.8 million, or
$0.10 per diluted share, for the comparable period of fiscal 2005. Net
Income, as adjusted, which excludes non-cash amortization of purchased
intangibles and debt issuance costs, as well as non-cash stock-based
compensation expense, for the three months ended January 31, 2006 was
$16.6 million, or $0.24 per diluted share, compared to $9.4 million,
or $0.16 per diluted share, for the comparable period of fiscal 2005.
EBITDA, as adjusted, which excludes non-cash amortization of
purchased intangibles and debt issuance costs, as well as non-cash
stock-based compensation expense, expanded for the sixth consecutive
quarter and reached a record level of $28.3 million, a 63% increase
over the $17.3 million recorded in the three months ended January 31,
2005. As a percent of net revenues, EBITDA, as adjusted, for the three
months ended January 31, 2006, reached a record level of 21%, compared
to the 15.6% recorded in the three months ended January 31, 2005.
VeriFone, Inc.
Investor Contact:
William Nettles, 408-232-7979
ir@verifone.com
or
Editorial Contact:
Pete Bartolik, 508-283-4112
pete_bartolik@verifone.com
Copyright Business Wire 2006
02Mar06 21:01 GMT
Symbols:
us;PAY
Source BW Business Wire
ROP - Earnings NEWS on a Long Term, High Revenue and EPS growth firm.
Record Performance in Sales, Profit and Cash Flow; Company Well-Positioned for
2006
DULUTH, Ga., Feb. 23 /PRNewswire-FirstCall/ -- Roper Industries, Inc.
(NYSE: ROP) reported record sales, profitability and cash flow for the fourth
quarter and full year ended December 31, 2005. Fourth quarter net sales were
$393 million, operating cash flow was $105 million, net earnings were $50
million, and diluted earnings per share (DEPS) were $0.57. For the full year,
net sales were $1.45 billion, operating cash flow was $281 million, net
earnings were $153 million, and DEPS were $1.74. Fourth quarter and full year
DEPS include $4 million of net earnings benefit from the repatriation of
foreign earnings and the non-cash write-off of issuance costs related to the
Company's senior subordinated convertible notes.
"We are pleased to conclude 2005 with continued record-setting performance
in the fourth quarter," said Brian Jellison, Roper's Chairman, President and
CEO. "All of our segments reported growth, leading to a 42% net sales
increase over the same quarter last year. This reflects the benefits of our
recent acquisitions. Despite unfavorable currency exchange effects that
reduced internal sales growth by nearly 4%, we achieved net internal sales
growth of 5% or 9% before the currency impact. We leveraged our sales growth
into a 170 basis point year-over-year improvement in operating margins,
achieving Q4 margins of 20.6%. Our cash flow expanded substantially
demonstrating the success of our focus on growth and cash returns."
Fourth quarter operating cash flow increased 67% over the prior year
comparable period and full year operating cash flow grew 71%. 2005 results
include record performance in net working capital efficiency, as well as the
benefits from utilizing net operating loss carry forwards from recent
acquisitions. In the fourth quarter, net working capital was reduced to 13.8%
of annualized quarterly sales. Fourth quarter EBITDA grew 77% to $97 million,
or 24.8% of sales. The Company reported full year EBITDA of $335 million, 64%
higher than the prior year.
"I am pleased that we achieved our business objectives in 2005," said Mr.
Jellison. "We successfully integrated TransCore, acquired in December 2004.
We continued our internal growth and cash flow momentum throughout the year.
We put our expanding cash flow to work, acquiring three high-quality growth
businesses in 2005. At the same time, we made progress towards our long-term
objective of achieving investment grade status, reducing our net debt-to-net
capital ratio to 40.2% and improving our debt-to-EBITDA ratio to 2.7x. This
positions us well as we enter 2006."
In 2006, Roper expects full year EBITDA of at least $390 million and
operating cash flow of at least $280 million. Full year DEPS are expected to
be in the range of $1.95-$2.07. Consistent with recent year performance, the
Company expects increasing quarterly performance throughout the year, with
first quarter DEPS of $0.37-$0.40. 2006 DEPS guidance includes equity
compensation expense related to the implementation of SFAS 123R. The
Company's guidance does not include benefits from future acquisitions or the
potential dilutive effects resulting from the Company's convertible notes.
SOURCE Roper Industries, Inc.
Investor Relations of Roper Industries, Inc., +1-770-495-5100, or
investor-relations@roperind.com
23Feb06 22:46 GMT
Symbols:
us;ROP
Source PRN PR Newswire
POOL - Earnings NEWS on a Long Term High Revenue and EPS growth stock.
SCP Pool Corporation Reports Twelfth Consecutive Year of Record Results; 26% Earnings Per Share Increase for the Year
COVINGTON, La.--(Business Wire)--Feb. 16, 2006--
SCP Pool Corporation (the "Company" or "POOL")
(Nasdaq:POOL) today reported record net sales and net income for
2005.
Earnings per share for 2005 increased 26% to $1.50 per diluted
share on net income of $83.6 million, compared to $1.19 per diluted
share on net income of $66.9 million last year.
Net sales for the year ended December 31, 2005 increased $241.8
million, or 18%, to $1.55 billion, compared to $1.31 billion in 2004.
Base business sales growth of 14% contributed $180.4 million to the
increase due primarily to the growth in the installed base of swimming
pools, POOL's execution of its sales and service programs and 32%
growth in complementary product sales. The remaining increase in net
sales is attributable to acquired service centers, including the
Horizon branches acquired in October 2005.
Gross profit for the year ended December 31, 2005 increased $61.6
million, or 17%, to $432.4 million from $370.8 million in 2004. This
increase is primarily due to the increase in net sales. Gross profit
as a percentage of net sales (gross margin) decreased 40 basis points
to 27.9% in 2005 from 28.3% in 2004. The decline in gross margin is
attributable to the divestiture of POOL's North American manufacturing
assets and unprecedented levels of price increases, which have been
generally passed on, but on a dollar per unit basis instead of on a
percentage basis.
Operating expenses in 2005 increased $35.0 million, or 14%, to
$292.2 million from $257.2 million in 2004. Operating expenses as a
percentage of net sales decreased to 18.8% in 2005 from 19.6% in 2004.
Operating income increased $26.7 million, or 24%, to $140.3
million in 2005 from $113.6 million in 2004. Operating income as a
percentage of net sales (operating margin) increased 30 basis points
to 9.0% in 2005 from 8.7% in 2004. EBITDA (as defined in the addendum)
increased 23% to $152.3 million in 2005 from $123.9 million in 2004.
Cash provided by operations was $38.1 million, compared to cash
from operations of $56.4 million in 2004. The decrease in 2005 cash
from operations is the result of the Company's pre-price increase
purchases and participation in vendor payment incentives for early buy
purchases received and paid for in the fourth quarter, partially
offset by the deferral of third and fourth quarter 2005 estimated
federal tax payments and higher net income. The Company expects that
the pre-price increase purchases will mitigate the potential adverse
gross margin impact of price increases through the supply chain.
"Building on our core strengths and continually executing our
strategies for profitable growth have resulted in our twelfth
consecutive record-breaking year. With strong organic growth at the
sales, gross profit and operating income levels in 2005, including a
solid fourth quarter performance, we are very optimistic about 2006.
We believe that 2006 earnings per share will be in the range of $1.70
to $1.75 per diluted share, including the impact of expensing stock
options," commented Manuel Perez de la Mesa, President and CEO.
In the fourth quarter of 2005, net sales increased $89.9 million,
or 43%, to $299.8 million, compared to $209.9 million in the
comparable 2004 period. This is due to base business sales growth of
20%, as well as the Horizon acquisition which accounted for a portion
of the increase in net sales in the fourth quarter. Gross profit
margin increased 90 basis points to 27.8% in the fourth quarter of
2005 from 26.9% for the same period last year. Operating income for
the fourth quarter was $3.8 million, or 1.3% of net sales, compared to
an operating loss of $3.6 million, or 1.7% of net sales in the same
period last year. Additionally, mild weather provided a positive
impact on results for the quarter. Earnings per share for the fourth
quarter of 2005 were $0.00 on net income of $0.1 million, compared to
a loss of $0.05 per share on a net loss of $2.7 million in the fourth
quarter of 2004.
POOL also announced today that its Board of Directors has declared
its regular quarterly cash dividend of $0.09 per share. The dividend
will be payable on March 13, 2006 to holders of record on February 27,
2006.
At December 31, 2005, 201 service centers were included in the
base business calculations, and 45 service centers, including the 40
Horizon service centers, were excluded because they were acquired or
opened in new markets within the last 15 months.
SCP Pool Corporation is the largest wholesale distributor of
swimming pool and related backyard products. Currently, POOL operates
over 240 service centers in North America and Europe, through which it
distributes more than 100,000 national brand and private label
products to roughly 68,000 wholesale customers. For more information
about POOL, please visit www.poolcorp.com.
SCP Pool Corporation, Covington
Craig K. Hubbard, 985-801-5117
craig.hubbard@poolcorp.com
Copyright Business Wire 2006
16Feb06 13:00 GMT
Symbols:
de;SP1 us;POOL
PHM - Earnings News on a Long Term High Revenue and EPS growth Stock
Pulte Homes Reports Record Fourth Quarter and Full Year 2005 Financial Results
BLOOMFIELD HILLS, Mich.--(Business Wire)--Feb. 1, 2006--
Pulte Homes, Inc. (NYSE:PHM):
-- Fourth Quarter Earnings from Continuing Operations Increase
28% to a Record $2.03 Per Diluted Share
-- Q4 Home Settlement Revenues Climb 28% to a Record $5.0 Billion
-- Net New Orders for the Quarter Climb 24% to $3.3 Billion;
Backlog Value Increases 22% to $6.3 Billion
-- 2005 Consolidated Revenues Increase 28% to a Record $14.7
Billion; 2005 Earnings from Continuing Operations Increase 43%
to $5.47 Per Diluted Share
-- Company Reaffirms Guidance for 2006 Earnings from Continuing
Operations in the Range of $6.00 to $6.25 Per Diluted Share
-- Company Repurchases $102 Million of Stock During Q4; Board
Approves New $200 Million Share Repurchase Authorization
Pulte Homes, Inc. (NYSE:PHM) today announced record financial
results for its fourth quarter and year ended December 31, 2005. For
the quarter, income from continuing operations increased 28% to a
record $531.7 million, compared with $415.2 million in 2004. Fourth
quarter earnings from continuing operations increased 28% to $2.03 per
diluted share, compared with prior year earnings from continuing
operations of $1.59 per diluted share. Quarterly and annual earnings
per share for both years have been adjusted for the Company's 2:1
stock split effected September 1, 2005 and for the reclassification of
Pulte's Mexico business to Discontinued Operations following its sale
as announced on December 27, 2005.
Consolidated fourth quarter revenues for the Company increased 24%
to $5.1 billion.
For the full year 2005, Pulte Homes reported record consolidated
revenues of $14.7 billion, an increase of 28% over the prior year.
Full year earnings from continuing operations gained 43% to $5.47 per
diluted share, compared with $3.82 in the prior year.
"We are very pleased with Pulte's fourth quarter and full year
operating and financial results," said Richard J. Dugas, Jr.,
President and Chief Executive Officer. "The strength of Pulte's
diversified business model, particularly our customer segment
diversity that includes an unmatched position serving the exploding
Active Adult population with our Del Webb brand, once again allowed
Pulte to post excellent new order growth that is among the strongest
in our industry. Fundamentally, our strategy of serving all major
buyer segments and geographies offers opportunities for increased
growth and more consistent financial performance."
"Through the scale, scope and diversification advantages Pulte
maintains, we see opportunity for further growth in 2006. We continue
to target 2006 earnings growth of roughly 10% to 15%, which is in-line
with current guidance for earnings of $6.00 to $6.25 per share," said
Dugas.
In a separate release, Pulte Homes announced that its Board of
Directors has authorized the Company to repurchase up to an additional
$200 million of its outstanding stock. "During the fourth quarter of
2005, we repurchased approximately $102 million worth of our
outstanding shares, which used all but approximately $20 million of
the previous authorization," said Roger A. Cregg, Executive Vice
President and CFO. "Given current market conditions, we see an
opportunity to invest in our business through the purchase of
land assets and our own stock."
Fourth Quarter Results
Revenues from homebuilding settlements for the fourth quarter
increased 28% to a record $5 billion. Higher revenues for the period
were the result of a 9% increase in average selling price to $321,000
combined with a 17% increase in total home deliveries to 15,670 homes.
The higher average selling price for the period reflects a combination
of price increases realized during the quarter and changes in the mix
of homes delivered.
Fourth quarter homebuilding pretax income increased 23% to $820.5
million, compared with prior year pretax income of $664.8 million.
Pretax income for the period benefited from a 130 basis point decrease
in Selling, General & Administrative expenses as a percent of home
settlement revenues, partially offset by a 40 basis point decrease in
gross margins from home settlements. In addition, land sales during
the quarter generated $9.3 million in gross profits, compared with
$62.9 million in 2004. Land sales are an important component of the
Company's domestic homebuilding operations, but can fluctuate
quarter-to-quarter depending upon the timing of individual land
transactions.
The dollar value of net new home orders for the quarter was $3.3
billion, or 9,821 homes, up 24% from the prior year fourth quarter
order value of $2.7 billion, or 8,940 homes. Ending backlog for
Pulte's homebuilding operations was valued at $6.3 billion, an
increase of 22% over the prior year. Yearend unit backlog totaled
17,817 homes, an increase of 12% compared with 15,916 at the end of 2004.
Fourth quarter pretax income for the Company's financial services
operations totaled $25.9 million, compared with prior year pretax
income of $17.7 million. The 47% increase in pretax income was driven
by an increase in loan originations and a more favorable interest rate
environment. Higher homebuilding volumes, combined with a 180 basis
point increase in capture rate to 90.6%, helped drive loan production
for the period to 14,972 loans, representing $3 billion in principal
value.
Effective with the sale of Pulte Mexico as announced on December
27, 2005, Pulte's Mexican business operations were reclassified into
Discontinued Operations. In addition, the Company recorded fourth
quarter income in discontinued operations associated with the
previously announced judgment in the Company's breach of contract case
against the United States government. As reported in a November 18,
2005 press release, the company received $48.7 million from the
conclusion of this case, with the funds to be used for general
corporate purposes.
Full Year Results
For the year ended December 31, 2005, Pulte Homes' income from
continuing operations increased 45% to $1.4 billion, compared with
prior year income of $993.6 million. Earnings from continuing
operations for 2005 were $5.47 per diluted share, an increase of 43%
over prior year earnings from continuing operations of $3.82 per
diluted share. Annual earnings per share for both years have been
adjusted for the Company's 2:1 stock split effected September 1, 2005
and for the reclassification of Pulte's Mexico business operations to
Discontinued Operations following the sale of its homebuilding
operations announced on December 27, 2005.
Consolidated revenues for 2005 were a record $14.7 billion, up 28%
from $11.5 billion in 2004.
Revenues from homebuilding settlements for 2005 increased 30% to
$14.4 billion. Higher revenues for the period resulted from a 10%
increase in average selling price to $315,000 combined with an 18%
increase in the number of homes closed which totaled a record 45,630
homes. The increase in average selling price for the period reflects a
combination of price increases and a favorable change in the mix of
product closed during the period.
Homebuilding pretax income for the year increased 41% to a record
$2.3 billion, compared with prior year pretax income of $1.6 billion.
Gross margins from home sales for the period increased 80 basis points
to 23.4%, while Selling, General & Administrative costs as a
percentage of settlement revenues dropped approximately 110 basis
points to 7.7%. Land sales for the year generated $18.2 million in
pretax income, compared with $99.8 million in 2004.
For 2005, Pulte's financial services operations reported pretax
income of $70.6 million, an increase of 49% over prior year pretax
income of $47.4 million. Higher homebuilding volumes, combined with a
140 basis point increase in capture rate to 89.2%, helped drive loan
originations for the period to 42,994 loans, representing $8.5 billion
in principal value.
A conference call discussing Pulte Homes' fourth quarter results
will be held Thursday, February 2, 2006, at 8:30 a.m. Eastern Time,
and web cast live via Pulte.com. Interested investors can access the
call via the Company's home page at www.pulte.com .
Pulte Homes, Inc.
Investor Relations
James Zeumer, 248-433-4597
email: jim.zeumer@pulte.com
or
Media Relations
Mark Marymee, 248-433-4648
email: mark.marymee@pulte.com
Copyright Business Wire 2006
01Feb06 22:02 GMT
Symbols:
us;PHM
Source BW Business Wire
BRKa - NEWS on a Long Term High Revenue and EPS growth stock
Berkshire agrees on Buffett successor,profit rise
(Adds possible successors, paragraph 9)
By Jonathan Stempel
NEW YORK, March 4 (Reuters) - Billionaire investor Warren
Buffett on Saturday said Berkshire Hathaway Inc.'s board of
directors has chosen a successor, but he did not name the
person or say when the change might happen.
The insurance and investment company also said quarterly
profit surged 54 percent, helped by a gain from its stake in
Gillette Co.
Berkshire <BRKa.N> <BRKb.N> trimmed its bet against the
U.S. dollar, but said it is buying more shares in international
businesses. It ended the year with $44.66 billion of cash, and
Buffett said "major acquisitions" are necessary to produce
"truly satisfactory gains" in operating earnings.
In his annual letter to Berkshire shareholders, Buffett,
75, said the board designated a successor from among three
"reasonably young and fully capable" internal candidates.
Buffett, the world's second-richest person, has run Omaha,
Nebraska-based Berkshire since 1965.
"Berkshire's board has fully discussed each of the three
CEO candidates and has unanimously agreed on the person who
should succeed me if a replacement were needed today," Buffett
wrote.
He added, though: "I feel terrific."
Last month, Buffett announced plans to leave Coca-Cola
Co.'s <KO.N> board, to spend more time running Berkshire.
Analysts and investors have said possible successors are
Joseph Brandon, who runs reinsurer General Re Corp.; Ajit Jain,
who oversees some reinsurance units; Tony Nicely, chief of the
Geico Corp. auto insurer; Rich Santulli, who runs NetJets Inc.,
and David Sokol, who leads MidAmerican Energy Holdings Co.
"I really don't worry about Berkshire's operations," said
Keith Trauner, who helps invest $3.3 billion at Fairholme
Capital Management in Short Hills, New Jersey, including 15
percent in Berkshire. "I worry more about the investment side,
where Berkshire will almost certainly not be as strong without
Buffett. That does not mean it will be bad."
PROFIT RISES
Berkshire's fourth-quarter profit rose to $5.13 billion, or
$3,331 per share, from $3.34 billion, or $2,172, a year
earlier. Revenue rose 27 percent to $25.37 billion.
Results included a $3.25 billion after-tax gain from
Procter & Gamble Co.'s <PG.N> purchase of Gillette. Berkshire
had owned 9.7 percent of Gillette's shares. Buffett has no
plans to sell Procter shares.
For all of 2005, net income rose to 17 percent to $8.53
billion, or $5,538 per share, despite $3.4 billion of losses
from Hurricanes Katrina, Rita and Wilma. Revenue rose 10
percent to $81.66 billion.
Insurance units, the biggest contributor to results, had a
mixed year. Geico posted a 13.3 percent increase in earned
premiums. This offset an 11 percent drop at General Re,
including a 27 percent decline in North American property and
casualty premiums driven by cancellations and non-renewals.
Three former General Re officers pleaded innocent last
month to charges they conspired to inflate insurer American
International Group Inc.'s <AIG.N> results.
DOLLAR BET
Berkshire reduced its stake in foreign currency contracts
to $13.8 billion in nine currencies from $21.4 billion in 12
currencies a year earlier.
The currency bet caused a $58 million loss in the fourth
quarter, when the U.S. Dollar Index <.DXY>, which measures the
greenback's value against six currencies, rose 1.7 percent.
Berkshire lost $955 million on currencies in 2005.
Buffett said he remains bothered by the U.S. trade deficit,
which rose 17.5 percent last year to a record $725.8 billion.
However, he said Berkshire bought more non-dollar-denominated
shares in companies that earn much of their profits globally.
"He has had on occasion specific investments in foreign
stocks, but this is different," said Thomas Russo, who helps
invest more than $2 billion at Gardner Russo & Gardner in
Lancaster, Pennsylvania, including 8 percent in Berkshire. "He
doesn't sound like he's making one-off purchases."
Berkshire also bought large amounts of Wal-Mart Stores Inc.
<WMT.N> and Wells Fargo & Co. <WFC.N> stock.
Berkshire's Class A shares closed Friday at $87,490. They
rose just 0.8 percent in 2005, while the Standard & Poor's
insurance index <.SPX> increased 12.5 percent.
Buffett was recently worth $40 billion, according to Forbes
magazine. Only Microsoft Corp. <MSFT.O> Chairman Bill Gates, a
Berkshire director and Buffett bridge partner, was worth more.
LSTR - NEWS on a Long Term High Revenue and EPS growth Stock
Landstar Named Among 'America's Most Admired Companies in 2006' by Fortune
Magazine
JACKSONVILLE, Fla., March 3 /PRNewswire-FirstCall/ -- Landstar System,
Inc. (Nasdaq: LSTR), a safety-first non-asset based provider of transportation
and logistics services, was ranked third in its industry in Fortune magazine's
list of "America's Most Admired Companies in 2006."
According to the magazine, the one thing that all the Most Admired
Companies have in common is their ability to change with the times. Research
for the annual report started with the Fortune 1,000 -- the 1,000 largest U.S.
companies ranked by revenue -- and the top foreign companies operating in the
U.S. Out of the 10 largest companies in each of 65 industries,
10,000 executives, directors and securities analysts selected the companies
they admire the most. Fortune based its rankings on eight key attributes of
reputation -- innovation, employee talent, use of corporate assets, social
responsibility, quality of management, financial soundness, long-term
investment and quality of products/services.
Landstar President and CEO Henry Gerkens said the company was pleased to
be recognized for the third consecutive year by Fortune magazine and America's
top business leaders. "Landstar's independent agents, business capacity
providers and employees continue to deliver on our reputation as a safe,
reliable transportation and logistics provider," said Gerkens. "The Fortune
survey recognizes that corporate reputation, innovation, quality management
and services, backed by financial stability and long-term investment
opportunities, are the keys to success. We're proud to be leaders in these
areas, in our industry and to be named among the nation's most admired
companies."
Fortune's complete list of "America's Most Admired Companies 2006" can be
found on http://www.fortune.com .
About Landstar:
Landstar System, Inc. delivers safe, specialized transportation services
to a broad range of customers worldwide. The Company identifies and fulfills
shippers' needs through the coordination of individual businesses comprised of
independent sales agents and third-party transportation capacity providers.
Landstar's carrier group, which is comprised of Landstar Gemini, Inc.,
Landstar Inway, Inc., Landstar Ligon, Inc., Landstar Ranger, Inc. and Landstar
Carrier Services, Inc., delivers excellence in complete over-the-road
transportation services. Landstar's global logistics group, which is comprised
of Landstar Global Logistics, Inc. and its subsidiaries Landstar Express
America, Inc. and Landstar Logistics, Inc., provides international and
domestic multimodal (over-the-road, air, ocean and rail) transportation,
expedited, warehousing and contract logistics services. All Landstar operating
companies are certified to ISO 9001:2000 quality management system standards.
Landstar System, Inc. is headquartered in Jacksonville, Florida. Its common
stock trades on The NASDAQ Stock Market(R) under the symbol LSTR.
SOURCE Landstar System, Inc.
Ginger Whitcher, Landstar System, Inc., +1-904-390-1457
03Mar06 13:26 GMT
Symbols:
de;LDS us;LSTR
Source PRN PR Newswire
MUR - Earnings NEWS on Long Term High EPS and Revenue Growth Stocks
Murphy Oil Announces Earnings and Malaysian Well Results
EL DORADO, Ark.--(Business Wire)--Feb. 1, 2006--
Murphy Oil Corporation (NYSE: MUR) announced today that
net income in the fourth quarter of 2005 was $154.6 million, $.82 per
diluted share, compared to net income of $134.5 million, $.72 per
diluted share, in the fourth quarter of 2004. Of the 2004 amount,
income from continuing operations was $131.8 million, $.71 per share,
and income from discontinued operations was $2.7 million, $.01 per
share.
For the year of 2005, net income totaled $846.5 million, $4.51 per
diluted share, compared to $701.3 million, $3.75 per diluted share,
for 2004. Income from continuing operations was $837.9 million, $4.46
per share, in 2005 and $496.4 million, $2.65 per share, in 2004.
Income from discontinued operations was $8.6 million, $.05 per share,
in 2005 and $204.9 million, $1.10 per share, in 2004.
Fourth Quarter 2005 vs. Fourth Quarter 2004
The improvement in net income in the fourth quarter of 2005
compared to the same period of 2004 was mainly caused by income tax
benefits of $21 million and higher oil and natural gas sales prices in
2005, but the period was unfavorably affected by hurricane-related
expenses, higher exploration expenses and downtime at Gulf of Mexico
production facilities. Hurricane-related expenses totaled $32.7
million and related mostly to higher insurance, repairs and other
ongoing costs, primarily at the Meraux, Louisiana refinery, that are
not expected to be recovered under the Company's insurance policies.
Murphy Oil Corporation, El Dorado
Investor/Media Relations: Mindy West, 870-864-6315
Copyright Business Wire 2006
01Feb06 21:58 GMT
Symbols:
us;MUR
Source BW Business Wire
LKQX - Earnings News On Long Term High Revenue and EPS Growth Stocks
CHICAGO, March 2 /PRNewswire-FirstCall/ -- LKQ Corporation (Nasdaq: LKQX)
today announced results for its fourth quarter and year ended December 31,
2005, with revenue of $143.9 million for the quarter and $547.4 million for
the year. Net income was $8.3 million for the quarter and $30.9 million for
the year, representing growth over 2004 of approximately 64% and 50%,
respectively.
(Logo: http://www.newscom.com/cgi-bin/prnh/20051017/LKQLOGO )
"We had a record level of revenue in the fourth quarter and exceeded our
previously issued earnings estimates. We had revenue growth of approximately
27% for the quarter and 29% for the year. This included solid organic revenue
growth of approximately 12% for the quarter and the year. Our net income
increased for the full year by 50% and our diluted earnings per share
increased 37%. We were particularly pleased with the expansion of our 2005
annual operating income margin to 9.7% compared to 8.2% in 2004, which was
primarily attributable to improved operating cost leverage. We made eight
excellent business acquisitions in 2005 and intend to continue to pursue
acquisition candidates that will provide long-term value to our stockholders,"
said Joe Holsten, President and Chief Executive Officer.
2005 Reported Results
All earnings per share amounts, stock price amounts and share counts
discussed herein reflect our January 2006 two-for-one stock split.
For the fourth quarter of 2005, revenue increased 26.5% to $143.9 million
compared with $113.8 million for the fourth quarter of 2004. Our organic
revenue growth for the quarter was 12.1%. Net income for the quarter increased
64.0% to $8.3 million compared with $5.0 million for the fourth quarter of
2004. Diluted earnings per share was $0.15 for the quarter compared with $0.11
for the fourth quarter of 2004.
For the year ended December 31, 2005, revenue increased 28.9% to $547.4
million compared with $424.8 million in 2004. This included organic revenue
growth of 12.2%. For the year ended December 31, 2005, net income increased
50.1% to $30.9 million compared with $20.6 million for the same period in
2004. Diluted earnings per share was $0.63 for the year ended December 31,
2005 compared with $0.46 for the same period a year ago.
Our consolidated aftermarket collision replacement parts revenue for the
quarter was $25.8 million and for the year ended December 31, 2005 was $84.8
million.
The weighted average diluted shares outstanding for the quarter was 54.6
million compared to 45.0 million for the fourth quarter of 2004 and for the
year ended December 31, 2005 was 48.7 million compared to 44.8 million for the
same period a year ago. The number of weighted average diluted shares of
common stock in 2005 changed from 2004 due to the issuance of 6.4 million new
shares in our October 2005 public offering, exercises of stock options and
warrants, and the increase in our stock price.
.
CONTACT: LKQ Corporation
Mark T. Spears, Executive Vice President
and Chief Financial Officer
312-621-1950
irinfo@lkqcorp.com
SOURCE LKQ Corporation
Mark T. Spears, Executive Vice President and Chief Financial Officer of LKQ
Corporation, +1-312-621-1950, irinfo@lkqcorp.com
02Mar06 12:01 GMT
Symbols:
de;LKQ us;LKQX
Source PRN PR Newswire
JJSF - Earnings News on High Revenue and EPS earnings growth stocks
PENNSAUKEN, N.J.--(Business Wire)--Jan. 23, 2006--
J & J Snack Foods Corp. (NASDAQ:JJSF) today announced
record sales and earnings for the first quarter ended December 24,
2005.
Sales increased 10% to $108.6 million from $98.5 million in last
year's first quarter. Net earnings increased 21% to $3.0 million in
the current quarter from $2.5 million last year. Earnings per diluted
share were $.16 for the first quarter compared to $.13 last year.
Operating income increased 15% to $4.2 million in the current quarter
from $3.7 million in the year ago quarter.
Operating income in this year's quarter was impacted by $260,000
of share-based compensation expense (expensing of stock options) and
net earnings were impacted by $171,000, or $.01 per diluted share.
Excluding the impact of share-based compensation expense recognized
this year and not last year, operating income increased 22% and net
earnings increased 28%.
Gerald B. Shreiber, J & J's President and Chief Executive Officer,
commented, "Continued strong performance by our food service business
was largely responsible for our improvement."
J & J Snack Foods Corp.'s principal products include SUPERPRETZEL,
PRETZEL FILLERS and other soft pretzels, ICEE and ARCTIC BLAST frozen
beverages, LUIGI'S, MAMA TISH'S, SHAPE UPS, MINUTE MAID* and BARQ'S**
and CHILL*** frozen juice bars and ices, TIO PEPE'S churros, THE
FUNNEL CAKE FACTORY funnel cakes, and MRS. GOODCOOKIE, CAMDEN CREEK,
COUNTRY HOME and READI-BAKE cookies. J & J has manufacturing
facilities in Pennsauken, Bridgeport and Bellmawr, New Jersey;
Scranton, Hatfield and Chambersburg, Pennsylvania; Carrollton, Texas;
Atlanta, Georgia and Vernon, (Los Angeles) California.
*MINUTE MAID is a registered trademark of The Coca-Cola Company.
**BARQ'S is a registered trademark of Barq's Inc.
***CHILL is a registered trademark of Wells Dairy, Inc.
J & J Snack Foods Corp.
Dennis G. Moore, CFO, 856-665-9533
Copyright Business Wire 2006
23Jan06 21:05 GMT
Symbols:
us;JJSF
Source BW Business Wire
JEF - Earnings News on Long Term High Revenue and EPS growth stocks
Jefferies earnings jump 32 pct, shares surge
(Adds segment details, analyst comment, share information)
NEW YORK, Jan 18 (Reuters) - Jefferies Group Inc. <JEF.N>
said on Wednesday that fourth-quarter profit jumped 32 percent,
as merger activity among mid-size companies rose, sending the
investment bank's shares up 7 percent to their highest level
ever.
Jefferies also said it was strengthening its ties to
Massachusetts Mutual Life Insurance Co., in a move that will
help the investment bank secure more funds for the medium-size
clients Jefferies focuses on.
Investment banks across Wall Street have benefited from
rising merger and acquisition advisory activity, and Jefferies
is well positioned to continue profiting from the boom, said
Rick Wetmore, an analyst and portfolio manager at Turner
Investment Partners in Berwyn, Pennsylvania, which owns
Jefferies shares.
"Big companies have a lot of cash on their balance sheet,
and there are a lot medium-size companies that are looking to
get bigger by merging with a larger company," Wetmore said.
Jefferies' investment banking revenue rose to $167.5
million in the fourth quarter, up from $105.7 million a year
earlier.
That helped lift the company's net income for the fourth
quarter to $46.7 million, or 68 cents per share, up from $35.4
million, or 55 cents per share, a year earlier.
Analysts polled by Reuters Estimates on average forecast
profit of 60 cents per share.
Jefferies said it also sold $125 million of convertible
preferred shares to MassMutual. At the same time, MassMutual
and Jefferies each committed an additional $125 million of
equity to a joint lending venture, doubling their previously
committed equity capital.
The increased capital will boost the number of loans the
joint venture can make to mid-size companies, and help
Jefferies to better serve its customers, the investment bank
said in a statement.
Jefferies' shares rose $3.33 to $51.48, a 7 percent
increase to the highest level ever for the company's shares.
Since the beginning of 2005, Jefferies' shares have risen
28 percent, while the Amex Securities Broker Dealer Index
<.XBD> has risen nearly 34 percent.
((Reporting by Dan Wilchins; Reuters Messaging:
dan.wilchins.reuters.com@reuters.net; +1 646 223 6320. editing
by Gunna Dickson))
(C) Reuters 2006. All rights reserved. Republication or redistribution of
Reuters content, including by caching, framing or similar means, is expressly
prohibited without the prior written consent of Reuters. Reuters and the Reuters
sphere logo are registered trademarks and trademarks of the Reuters group of
companies around the world.
nN18196468
18Jan06 17:44 GMT
Symbols:
de;JEF us;BNK us;JEF
Source RTRS Reuters News
HDB - Earnings NEWS on Long Term High Revenue and EPS growth stocks
India's HDFC Bank Oct-Dec net up 32 pct
MUMBAI, Jan 10 (Reuters) - India's second-largest private
sector lender, HDFC Bank Ltd. <HDBK.BO>, said on Tuesday its
quarterly profit rose 32 percent, marginally above expectations,
on higher fee income and strong loan growth.
The New York-listed bank <HDB.N> said net profit rose to 2.24
billion rupees ($50.5 million) in the fiscal third-quarter ended
December, from 1.70 billion rupees a year earlier. A Reuters poll
had forecast a median profit of 2.23 billion rupees.
The bank had earned 1.99 billion rupees net profit in the
fiscal second quarter to the end of September.
Full-year net profit is expected to rise 31 percent to 8.7
billion rupees, according to Reuters Estimates.
The bank has been riding on India's economic growth, which
has spurred demand for corporate and retail loans.
Asia's third-largest economy is expected to grow more than 7
percent this year as companies expand capacity to meet growing
domestic and overseas demand.
Shares in HDFC Bank, which has a market value of $5.37
billion, rose 2.9 percent during the December quarter, lagging a
8.8 percent gain on the main index <.BSESN>, but beating the
bank sub-index's <.BSEBANK> unimpressive 0.9 percent rise.
($1=44.3 Indian rupees)
((Reporting by M.C. Govardhana Rangan, editing by Ken Wills;
email:govardhana.rangan@reuters.com; tel +91 22 5636 9246))
(C) Reuters 2006. All rights reserved. Republication or redistribution of
Reuters content, including by caching, framing or similar means, is expressly
prohibited without the prior written consent of Reuters. Reuters and the Reuters
sphere logo are registered trademarks and trademarks of the Reuters group of
companies around the world.
nBMA002412
10Jan06 07:13 GMT
Symbols:
in;HDK us;BNK us;HDB xa;NFND
Source RTRS Reuters News
FOOT - NEWS on Long Term High Revenue and EPS growth stocks
Foothill Independent Bancorp Reports Record Net Profits for the Quarter and Fiscal Year Ended December 31, 2005; Net Interest Margin Increases and Credit Quality Remains Exemplary
GLENDORA, Calif.--(Business Wire)--Jan. 25, 2006--
Board of Directors Declares $0.15 Per Share Quarterly Cash Dividend
Foothill Independent Bancorp (NASDAQ:FOOT), the holding company
for Foothill Independent Bank, today reported that, as a result of
continued growth in core deposits and loans, and a rising interest
rate environment, it achieved record net profits for the fourth
quarter and the fiscal year ended December 31, 2005.
In the quarter ended December 31, 2005, net income increased by
21% to $3.10 million, or $0.34 per diluted share, compared to $2.55
million, or $0.28 per diluted share in the fourth quarter a year ago.
For the full year ended December 31, 2005, net income grew by
nearly $1.9 million, or 21%, to $11.29 million, or $1.25 per diluted
share, from $9.36 million, or $1.05 per diluted share, in the fiscal
year ended December 31, 2004.
All per share data have been adjusted to reflect a 5-for-4 stock
split effectuated on May 25, 2005.
"We have always been focused on maximizing shareholder value, and
2005 was no exception," stated George Langley, President and CEO. "We
increased our quarterly cash dividend to $0.15 per share and issued a
5-for-4 stock split in May 2005, and we achieved increases in our
stock price as our earnings rose during 2005. Finally, on December 15,
2005 we announced that Foothill had entered into an Agreement and Plan
of Merger with First Community Bancorp (NASDAQ:FCBP). That Agreement
provides, subject to the satisfaction of certain conditions, for a
merger of Foothill with and into First Community. On consummation of
that merger, Foothill's stockholders are to receive approximately
0.4982 shares of First Community common stock for each of their
Foothill shares and, as a result, will become stockholders of First
Community."
To start off 2006, our Board of Directors just declared another
quarterly cash dividend of $0.15 per share, payable February 28th, to
shareholders of record February 9, 2006.
Foothill's performance ratios remained outstanding, and improved
in both the fourth quarter and full year ended December 31, 2005. In
the fourth quarter of 2005, our annualized return on average equity
(ROE) was 18.0%, and our annualized return on average assets (ROA)
grew to 1.58%, as compared to an ROE of 16.1% and an ROA of 1.28% in
the same quarter of 2004. For the full year ended December 31, 2005,
we achieved an ROE of 16.8% and an ROA of 1.42%, as compared to an ROA
of 15.1% and an ROE of 1.25% in the fiscal year ended December 31,
2004.
Net interest margin increased to 5.33% in the fourth quarter of
2005, compared to 5.15% in the immediately preceding quarter of 2005
and 4.74% in the fourth quarter a year ago. For the year ended
December 31, 2005, net interest margin increased to 5.14%, up from
4.80% for fiscal 2004.
"While rising interest rates helped our net interest margin, we
generated additional net interest income by keeping our funding costs
down," Langley said. "While many banks were increasing interest rates
to attract time deposits, we have been able to support our growth
while letting some of our costlier deposits run off."
Gross loans increased 9% to $552 million at December 31, 2005, up
from $506 million at the end of 2004. By comparison, total assets grew
1% to $799 million, compared to $787 million at the end of December
last year, as we funded loan growth primarily by redeploying lower
yielding assets, such as federal funds sold.
Although core deposits, which consist of no-cost demand and
low-cost savings and money market deposits, decreased by 3% during
2005 to $613 million from $631 million at December 31, 2004, during
that same period we were able to reduce time deposits by 23% to $60.0
million, compared to $77.9 million at the end of 2004. As a result, as
a percentage of total deposits, core deposits grew to 91% and time
deposits declined to 9% at December 31, 2005, compared to 89% and 11%
respectively, at December 31, 2004, while total deposits decreased 5%
to $673 million during the year ended December 31, 2005 from $709
million at December 31, 2004.
Asset quality has remained outstanding. Non-performing loans
(NPLs) declined to $113,000 at December 31, 2005, from $137,000 at
December 31, 2004. At the end of 2005, NPLs represented just 0.02% of
total loans compared to 0.03% of total loans at the end of last year.
With no repossessed assets on the books, non-performing assets (NPAs)
have remained equal to NPLs, and were 0.01% of total assets at
year-end 2005, compared to 0.02% of assets at the end of 2004.
Including a $46,000 net recovery in the year, the reserve for loan
losses was $5.06 million at the end of 2005, representing 0.92% of
gross loans and far exceeding NPAs. By comparison, the reserve for
loan losses was $5.02 million, representing 0.99% of gross loans and
far exceeding NPAs, at December 31, 2004.
"Revenues grew 9% and 12% in the fourth quarter and full year
2005, respectively, relative to the same periods last year," Langley
said. "All of that improvement came from net interest income growth,
reflecting our commitment to keeping funding costs down despite the
rising interest rate environment." For the quarter ended December 31,
2005, revenues were $10.9 million, compared to $10.0 million a year
ago. For the fiscal year ended December 31, 2005, revenues were $42.8
million, versus $38.1 million in the same period last year.
In the final quarter of 2005, interest income was up by $1.26
million over the same quarter last year, reflecting the increase in
loan volume and the rising interest rate environment. However,
interest expense increased by only $308,000 over the fourth quarter of
2004, with the rise in rates largely offset by the decrease in time
deposits. As a result, net interest income increased by 11% to $9.60
million in the fourth quarter of 2005, compared to $8.65 million in
the same quarter of 2004. In the year ended December 31, 2005,
interest income increased by $6.1 million, while interest expense
increased by $1.0 million over 2004. As a result, net interest income
grew 16% in 2005 to $37.6 million, from $32.6 million the previous
year.
Other operating income was $1.28 million in the quarter ended
December 31, 2004, compared to $1.31 million in the fourth quarter of
2004, and was $5.13 million for the full year ended December 31, 2005,
compared to $5.58 million for fiscal 2004. Other operating expense
increased by 1% to $6.08 million in the fourth quarter of 2005,
compared to $6.03 million in the fourth quarter of last year. Other
operating expense grew 7% to $25.3 million for the year ended December
31, 2005, from $23.6 million last year.
"Our efficiency ratio improved to 54.3% in the quarter ended
December 31, 2005, compared to 60.8% in the fourth quarter of 2004,"
Langley said. "Revenues continued to grow and we were able to trim
salary expenses slightly. For the full year ended December 31, 2005,
we were able to improve our efficiency ratio to 59.3%, compared to
63.0% for 2004, despite the 7% increase in other operating expenses
during 2005."
Shareholders' equity grew to $70.27 million at December 31, 2005,
compared to $64.60 million a year earlier as a result of the earnings
achieved in fiscal 2005. Book value increased to $8.25 per share at
the end of the year, from $7.67 per share at December 31, 2004.
Capital ratios continue to be above the "Well-Capitalized" guidelines
established by the regulatory agencies. The Tier 1 Leverage Ratio was
10.21% and the Total Risk-based Capital Ratio was 13.79% at December
31, 2005.
Foothill Independent Bancorp
George Langley, 626-963-8551
Copyright Business Wire 2006
25Jan06 22:58 GMT
Symbols:
de;FT3 us;FOOT
Source BW Business Wire
GDI - NEWS on Long Term High Revenue and EPS growth stocks
Gardner Denver, Inc. Reports Record Level Revenues, Net Income and Operating
Cash Flow In 2005: Fourth Quarter Revenues Increase 53% and Net Income
Increases 86% Compared to the Previous Year
QUINCY, Ill., Feb. 7 /PRNewswire-FirstCall/ -- Gardner Denver, Inc.
(NYSE: GDI) announced that revenues and net income for the twelve months ended
December 31, 2005 were $1.2 billion and $67.0 million, respectively; the
Company's highest levels since becoming an independent entity in 1994.
Diluted earnings per share (DEPS) for the twelve months of 2005 was $2.74, 43%
higher than the previous year. Revenues for the three months ended December
31, 2005 were $369.3 million, a 53% increase compared to the fourth quarter of
the previous year, primarily as a result of acquisitions completed in 2005 and
strong organic growth. Net income for the three months ended December 31,
2005 was $25.3 million, an 86% increase compared to the same period last year,
as a result of the benefit of acquisitions and flow-through profitability on
organic revenue growth. Diluted earnings per share for the three months of
2005 was $0.96, 43% higher than the previous year. Cash generated by
operations increased 55% to $119 million in 2005, compared to $77 million in
the previous year.
SOURCE Gardner Denver, Inc.
Helen W. Cornell of Vice President, Finance and CFO of Gardner Denver,
+1-217-228-8209
07Feb06 05:30 GMT
Symbols:
us;GDI
Source PRN PR Newswire
Categories:
GDI - NEWS on Long Term High Revenue and EPS growth stocks
Gardner Denver, Inc. Reports Record Level Revenues, Net Income and Operating
Cash Flow In 2005: Fourth Quarter Revenues Increase 53% and Net Income
Increases 86% Compared to the Previous Year
QUINCY, Ill., Feb. 7 /PRNewswire-FirstCall/ -- Gardner Denver, Inc.
(NYSE: GDI) announced that revenues and net income for the twelve months ended
December 31, 2005 were $1.2 billion and $67.0 million, respectively; the
Company's highest levels since becoming an independent entity in 1994.
Diluted earnings per share (DEPS) for the twelve months of 2005 was $2.74, 43%
higher than the previous year. Revenues for the three months ended December
31, 2005 were $369.3 million, a 53% increase compared to the fourth quarter of
the previous year, primarily as a result of acquisitions completed in 2005 and
strong organic growth. Net income for the three months ended December 31,
2005 was $25.3 million, an 86% increase compared to the same period last year,
as a result of the benefit of acquisitions and flow-through profitability on
organic revenue growth. Diluted earnings per share for the three months of
2005 was $0.96, 43% higher than the previous year. Cash generated by
operations increased 55% to $119 million in 2005, compared to $77 million in
the previous year.
SOURCE Gardner Denver, Inc.
Helen W. Cornell of Vice President, Finance and CFO of Gardner Denver,
+1-217-228-8209
07Feb06 05:30 GMT
Symbols:
us;GDI
Source PRN PR Newswire
Categories:
GLYT - Earnings News High Revenue and EPS growth stocks
Genlyte Announces Record Fourth Quarter and Full-Year 2005 Sales and Earnings [FVRHRLR]
LOUISVILLE, Ky., Feb. 17 /PRNewswire-FirstCall/ -- The Genlyte Group
Incorporated (Nasdaq: GLYT) today announced fourth quarter 2005 net sales of
$309.0 million, a 4.0% increase from the fourth quarter of 2004, generating
earnings per share of $0.82 compared to 2004 earnings per share of $0.73
(after adjustment for the May 2005 2-for-1 stock split), a 12.3% increase over
the fourth quarter of 2004 and the highest fourth quarter sales and earnings
per share in Genlyte's history. For the full year 2005, the Company announced
record net sales of $1.252 billion and record earnings per share of $2.99.
This compares to $1.179 billion and $2.10 (after adjustment for the May 2005
2-for-1 stock split) per share reported for 2004 and increases of 6.2% and
42.4%, respectively.
Chairman, President and Chief Executive Officer Larry Powers said, "Once
again, we are pleased to report that sales and net income for the fourth
quarter and the year were a record. The sales growth is substantially due to
price increases and continued strength in our residential markets. Operating
profit grew at a faster pace than sales primarily due to the previously
announced price increases and our continued focus on cost controls. Our
introduction of higher margin product lines and the market's acceptance of
price increases helped us achieve higher sales and gross margins. During the
fourth quarter of 2004 we announced a price increase which resulted in higher
shipments at the old price and a challenging hurdle for the fourth quarter of
2005. The sales increase for the fourth quarter of 2005 over the fourth
quarter of 2003 is 14.8%. Despite price increases announced during June 2005,
and higher freight minimums during the third quarter, we are concerned that
our costs for raw materials, freight, energy, and employee benefits continue
to increase.
"During 2006, we expect our primary commercial construction markets to
improve with lower commercial real-estate vacancy rates. The residential
market, which has been relatively strong during the past few years, is
starting to plateau and is expected to soften during 2006. We anticipate that
the weakening of the US dollar and higher energy prices will lead to materials
and commodity cost increases. We are evaluating another potential price
increase during 2006 in order to offset the continuing cost increases. We are
committed to maintain performance by continuing to control costs, introduce
new products, and grow sales."
Vice President and Chief Financial Officer Bill Ferko said, "In addition
to our earnings performance, we are pleased with the cash flow results that we
achieved in 2005. During the fourth quarter, cash flow from operations of
$67.7 million less plant and equipment investments of $7.0 million provided
$60.7 million compared to the same quarter of 2004 when cash flow from
operations of $62.1 million less plant and equipment investments of $8.0
million provided $54.1 million. The full year cash flow from operations of a
record $130.9 million less capital expenditures of $39.4 million provided
$91.5 million.
"Construction of the new San Marcos, Texas facility was completed during
the 3rd quarter of 2005. Cash paid for the new facility was $17.7 million
during 2005. During the fourth quarter, we recognized operating expenses
related to the combination of employee relocation, plant moving, severance,
and start-up inefficiencies of $4.6 million which brought the year-to-date
total to $7.8 million. Relocation and moving expense are substantially behind
us. However, start-up inefficiencies are expected to continue during the
first two quarters of 2006. The total impact of the start-up inefficiencies
is expected to be $2.0 to $3.0 million during 2006.
"We closed the fourth quarter of 2005 with total debt of $166.4 million
compared to $243.7 million in 2004. Our total debt less cash and short-term
investments (net debt position) was $70.7 million at the end of the fourth
quarter compared to a net debt position of $130.5 at the end of the third
quarter, and a net debt position of $168.9 million at the end of 2004.
"For the full year, the Company recognized a $1.6 million foreign currency
exchange loss related to the remeasurement of US dollar denominated
investments and receivables held by the Canadian divisions. This caused an
unfavorable impact on net income of approximately $985 thousand or $0.03 per
diluted share. This was completely offset by translating the earnings of our
Canadian divisions at the stronger Canadian Dollar rate, which contributed
$1.4 million to net income and $0.05 per diluted share for the full year. The
fourth quarter impact of these items was inconsequential.
"Full-year earnings improvements over 2004 also are attributed to the
company's acquisition, at the close of business July 31, 2004, of the 32%
minority interest in Genlyte Thomas Group LLC formerly owned by Thomas
Industries Inc. for cash plus transaction costs totaling approximately $402.1
million. Fourth-quarter results are fully comparable for both years."
SOURCE The Genlyte Group Inc.
William G. Ferko, CFO of The Genlyte Group Inc., +1-502-420-9502
17Feb06 13:38 GMT
Symbols:
de;GY1 us;GLYT
Source PRN PR Newswire
EAC NEWS - High Revenue and EPS growth stocks
Encore Acquisition Company Announces 2005 Results; 26% Increase in Net Income; 70%... [FVQQKWG]
Encore Acquisition Company Announces 2005 Results; 26% Increase in Net Income; 70% Increase in Cash Flow from Operations
FORT WORTH, Texas--(Business Wire)--Feb. 16, 2006--
Encore Acquisition Company (NYSE:EAC) today reported
unaudited fourth quarter and full year 2005 results.
(in millions except per share, daily production, and price per BOE
amounts; earnings per share and weighted average diluted shares
outstanding have been restated for a three-for-two stock split in July
2005)
-0-
*T
Year Ended
December 31,
--------------------
2005 2004 Increase
----------- -------- ---------
Net income $103.4 $82.1 26%
Diluted earnings per share $2.09 $1.72 22%
Revenues $457.3 $298.5 53%
Cash flow from operations $292.3 $171.8 70%
Total oil and gas related capital $574.4 $428.1 34%
Average combined price ($/BOE) $44.05 $33.07 33%
Daily production volumes (BOE) 28,442 24,665 15%
Diluted shares outstanding 49.5 47.7 4%
*T
Net income for the full year of 2005 increased to $103.4 million,
or $2.09 per diluted share, on revenues of $457.3 million. This
compares to full year 2004 net income of $82.1 million, or $1.72 per
diluted share, on revenues of $298.5 million. Net income for the year
ended December 31, 2005 included a one-time loss on early redemption
of debt of $19.5 million ($0.25 per diluted share) relating to the
Company's debt refinancing and issuance of $300 million of 6.0% Senior
Subordinated Notes due 2015. For 2005, cash flow from operations
increased 70% to $292.3 million from the $171.8 million in operating
cash flow generated in 2004.
Total production volumes for 2005 increased 15% to 10.4 million
barrels of oil equivalent (MMBOE) or 28,442 BOE per day, compared with
2004 production of 9.0 MMBOE or 24,665 BOE per day. The rise in
production volumes was attributable to continued organic growth
through waterflood, tertiary and conventional drilling projects, as
well as through strategic acquisitions in existing core areas. Oil
represented 66% and 74% of the Company's total production volumes in
2005 and 2004, respectively. Encore's realized commodity prices,
including the effects of hedging, averaged $44.82 per barrel and $7.09
per Mcf during 2005, increases of 36% and 28%, respectively, from the
prior year. On a combined basis, including the effects of hedging,
prices increased 33% during 2005 to $44.05 per BOE from $33.07 per BOE
in 2004.
Net income for the fourth quarter of 2005 was $37.1 million, or
$0.75 per diluted share, on revenues of $138.5 million. The Company's
comparative fourth quarter 2004 net income was $26.2 million, or $0.53
per diluted share, on revenues of $89.9 million. Cash provided by
operating activities for the fourth quarter 2005 was $88.1 million, a
97% increase from the $44.7 million reported for the same period last
year.
Fourth quarter 2005 production averaged 30,654 BOE per day, a 17%
increase from 26,096 BOE per day for the same period in 2004. Encore's
realized commodity prices, including the effects of hedging, averaged
$47.90 per barrel and $8.53 per Mcf during the fourth quarter of 2005,
increases of 29% and 35%, respectively, from the same period of 2004.
On a combined basis, including the effects of hedging, prices
increased 31% during the fourth quarter of 2005 to $49.09 per BOE from
$37.43 per BOE in the same period in 2004.
Encore Acquisition Company, Fort Worth
L. Ben Nivens, 817-339-0911
or
William J. Van Wyk, 817-339-0812
Copyright Business Wire 2006
17Feb06 01:27 GMT
Symbols:
us;EAC
Source BW Business Wire
Categories:
MST/I/OIL MST/I/OIS MST/L/EN MST/R/NME MST/R/US MST/R/US/LA MST/R/US/MT
MST/R/US/ND MST/R/US/OK MST/R/US/TX MST/S/ERN TGT/BWB
News - High Revenue and EPS Growth Stocks
REUTERS UPDATE 2-Express Scripts posts higher quarterly profit
CHICAGO, Feb 22 (Reuters) - Pharmacy benefits manager
Express Scripts Inc. <ESRX.O> on Wednesday posted higher
quarterly earnings, and reaffirmed its 2006 guidance.
Shares fell nearly 3 percent in after-hours trade.
Fourth-quarter net income rose to $111 million, or 75 per
share, from $81 million, or 53 cents per share, in the
year-earlier period.
Excluding items, earnings were 77 cents per share.
Analysts, on average, had expected earnings of 74 cents per
share, according to Reuters Estimates.
For 2006, the company repeated its estimate of earning
between $3.10 to $3.22 per share, including 10 cents for
expensing of stock options. It gave the same forecast in
November.
"As an earnings momentum story, people might have been
expecting better," for the 2006 forecast, John Kreger, an
analyst at William Blair, said.
Analysts, on average, forecast $3.15 per share.
Pharmacy benefit managers act as middlemen between health
plans and employers and pharmaceutical companies.
Total revenue was $4.6 billion, an 18 percent jump from the
prior period, boosted in part by an acquisition.
Shares fell after hours to $91.20 on the Inet brokerage,
after closing on Nasdaq at $93.91 on Wednesday.
(c) Reuters 2006. All rights reserved. Republication or redistribution of
Reuters content, including by caching, framing or similar means, is
expressly prohibited without the prior written consent of Reuters. Reuters
and the Reuters sphere logo are registered trademarks and trademarks of
the Reuters group of companies around the world.
22Feb06 22:39 GMT
Symbols:
us;ESRX
Source RTRS Reuters News
NEWS - Long Term High Revenue and EPS growth stocks
REUTERS Goldcorp reports record profits, sees output rising [FWNHJQF]
TORONTO, March 5 (Reuters) - Canada's Goldcorp Inc <G.TO>,
poised for big growth as it buys up assets from a gold sector
takeover, on Sunday reported record earnings in the fourth
quarter, and said gold production would leap to 2 million
ounces in 2006.
The company, based in Vancouver, said it earned $101.7
million, or 27 cents a diluted share, in the fourth quarter, up
from $14.9 million, or 8 cents a share in the fourth quarter of
2004.
Profits rose to $285.7 million, or 83 cents a diluted share
for 2005, from $51.3 million, or 27 cents a share, in 2004.
Gold production rose to 1.14 million ounces in 2005, at a
cash cost of $22 an ounce, from 628,000 ounces in 2004, and
would reach 2 million ounces at a total cash cost of less than
$150 per ounce in 2006, the company said.
In deals worth some $2 billion, Goldcorp will this year
acquire assets from Placer Dome Inc <PDG.TO> for $1.49 billion
as part of Barrick Gold <ABX.TO>'s takeover of Placer, expected
to close in April. It is also acquiring a Quebec property from
Virginia Gold Mines <VIA.TO> for $445 million.
"With the expected acquisition of Placer's assets combined
with organic growth, Goldcorp will remain the fastest growing,
lowest cost multimillion ounce gold producer, with production
expected to double from 2005 to 2007," Chief Executive Ian
Telfer said in a statement.
Goldcorp's growth in 2005 reflected its takeover of another
rival, Wheaton River Minerals. The new deals will make it the
third-largest gold producer in North America and the sixth
largest in the world.
Goldcorp said it had proven and probable gold reserves of
14.7 million ounces at the end of 2005, up nearly three-fold
from 2004.
On a pro forma basis, including the Placer assets, proven
and probable gold reserves were 25.3 million ounces, it said.
(c) Reuters 2006. All rights reserved. Republication or redistribution of
Reuters content, including by caching, framing or similar means, is
expressly prohibited without the prior written consent of Reuters. Reuters
and the Reuters sphere logo are registered trademarks and trademarks of
the Reuters group of companies around the world.
05Mar06 14:06 GMT
Symbols:
ca;ABX ca;G ca;PDG ca;VIA ch;ABX ch;PDG de;ABR de;GO5 de;PLD fr;ABX fr;PDC
gb;BGD us;ABX us;GG us;MDVA us;PDG us;YDI
Source RTRS Reuters News
Long Term High Revenue and EPS growth Stocks
Denbury Resources Inc.
February 23, 2006 - 07:00:22 ET
Denbury Resources Announces 2005 Results
DALLAS--(CCNMatthews - Feb 23, 2006) -
Denbury Resources Inc. (NYSE:DNR) ("Denbury" or the "Company") today announced
its fourth quarter and 2005 financial and operating results. The Company
posted earnings for the full year 2005 of $166.5 million or $1.49 per share,
approximately double 2004 net income of $82.4 million, or $0.75 per share, the
increase primarily due to higher commodity prices. Fourth quarter 2005 net
income was $57.2 million, or $0.51 per share, more than two-and-one-half times
fourth quarter 2004 net income of $22.5 million, or $0.20 per share.
Adjusted cash flow from operations (cash flow from operations before changes
in assets and liabilities, a non-GAAP measure) for the fourth quarter of 2005
was $104.7 million, more than double fourth quarter 2004 adjusted cash flow
from operations of $48.5 million. Net cash flow provided by operations, the
GAAP measure, totaled $129.7 million during the fourth quarter of 2005, as
compared to $17.7 million during the fourth quarter of 2004. The difference
between the respective adjusted cash flow from operations and cash flow from
operations is primarily due to increases or decreases in accounts payables and
accrued liabilities during the quarter. (Please see the accompanying schedules
for a reconciliation of net cash flow provided by operations, as defined by
generally accepted accounting principles (GAAP), which is the GAAP measure, as
opposed to adjusted cash flow from operations, which is the non-GAAP measure
discussed above).
Review of Financial Results
Denbury's fourth quarter 2005 production averaged 20,808 Bbls/d and 65.0
MMcf/d, or 31,649 BOE/d, a 16% increase over third quarter 2005 production
levels, both of which were negatively impacted by the two hurricanes, and a 9%
increase over fourth quarter 2004 production levels. Production from the
Company's tertiary recovery operations set another quarterly record in the
fourth quarter of 2005, averaging 9,939 BOE/d, a 12% increase over third
quarter 2005 levels, and a 37% increase over the fourth quarter of 2004
average of 7,242 BOE/d. Production from the Barnett Shale averaged 18.3
MMcfe/d (3,048 BOE/d) during the fourth quarter of 2005, more than a threefold
increase over the 5.8 MMcfe/d (962 BOE/d) average production during the fourth
quarter of 2004. Production in Louisiana reversed its downward trend as a
result of recent drilling successes there, averaging 6,992 BOE/d, a 35%
increase over third quarter of 2005 levels and just slightly less than the
average production in the fourth quarter of 2004. Production during the fourth
quarter of 2005 was 66% oil, on trend with prior quarters since the sale of
Denbury's offshore properties in July 2004.
Total revenues in the fourth quarter of 2005 increased $86.4 million (95%), as
compared to revenues in the fourth quarter of 2004, primarily as a result of
higher commodity prices, but also assisted by lower hedging payments and
higher production levels. In the fourth quarter of 2005, NYMEX oil prices
averaged approximately $60.00 per Bbl, and natural gas NYMEX prices averaged
approximately $12.85 per Mcf, as compared to NYMEX averages of approximately
$48.35 per Bbl and $7.25 per Mcf in the fourth quarter of 2004. Denbury's
weighted average net price received per BOE was $17.50 higher per BOE
(excluding hedges) in the fourth quarter of 2005 than in the comparable period
of 2004. Hedge payments also decreased significantly, paying out $7.70 less
per BOE on hedges during the 2005 quarterly period than made a year earlier,
increasing the net realized revenue price per BOE between the respective
fourth quarters by $25.20 per BOE.
Oil price differentials (Denbury's net oil price received as compared to NYMEX
prices) deteriorated during the last half of 2004 and remained substantial
during 2005, principally because the price of heavy, sour crude produced
primarily in the Company's East Mississippi properties dropped significantly
relative to NYMEX prices. The Company's average NYMEX differential was $6.17
per Bbl during the fourth quarter of 2005, only slightly better than the
average of $6.48 per Bbl during the fourth quarter of 2004. For the full year
periods, the average oil price differential was $6.33 per Bbl during 2005 as
compared to $4.94 per Bbl during 2004.
The Company incurred more expenses in every category during the fourth quarter
of 2005, as compared to the fourth quarter of 2004, partially offsetting the
significantly higher revenue. Lease operating expenses increased $12.6 million
(62%) on a gross basis as a result of general cost inflation in the industry,
an increasing emphasis on tertiary operations, increasing lease payments for
certain of our tertiary operating facilities, and higher workover costs. On a
per BOE basis, operating costs increased to $11.28 per BOE, a 48% increase
over the $7.60 per BOE during the fourth quarter of 2004. Higher commodity
prices translated into higher energy and fuel costs in the Company's tertiary
operations and into higher royalty costs for CO2 (most of which correlate with
oil prices), contributing to the higher operating costs. Production taxes and
marketing expenses also increased primarily as a result of higher commodity
prices.
General and administrative expenses increased $0.8 million (12%) between the
fourth quarter of 2004 and 2005, averaging $2.44 per BOE in the fourth quarter
of 2005, up slightly from $2.38 per BOE in the comparable quarter of 2004. The
increase is primarily related to additional personnel added during 2005 and
general cost inflation, coupled with continued high costs related to the
Sarbanes-Oxley Act and incremental costs related to the Company's new software
system.
Depletion, depreciation and amortization ("DD&A") expenses increased $7.3
million (34%) in the fourth quarter of 2005 as compared to DD&A in the prior
year fourth quarter. The DD&A rate in the fourth quarter of 2005 was $9.80 per
BOE, up from the $7.98 per BOE rate in the prior year fourth quarter. DD&A
expense on a per BOE basis increased primarily due to rising costs in the
industry for both 2005 expenditures and upward revisions of future development
costs.
During the fourth quarter of 2005, the Company paid out $10.1 million on its
hedges, offset in-part by non-cash income of $9.2 million for fair market
value adjustments associated with these hedges. Additionally, the Company
recognized non-cash expense of $9.4 million for fair value adjustments for
hedges put in place during the fourth quarter of 2005. Comparatively, in the
fourth quarter of 2004, the Company made hedge payments of $29.8 million,
offset in-part by non-cash income associated with fair value adjustments of
$7.1 million.
2006 Outlook
Denbury's 2006 development and exploration budget (excluding acquisitions) is
currently set at just under $500 million. Approximately 50% of the 2006
capital budget is related to tertiary operations, approximately 25% to the
Barnett Shale area, with the balance split almost equally between the
Company's other operating areas. The Company still anticipates that its
average daily production for 2006 will be approximately 37,000 BOE/d,
including approximately 2,000 BOE/d from the recent acquisition. This
production target represents a 24% increase in production over the Company's
2005 production levels, or a 17% increase if you exclude the production
contributed from the recent acquisition. Production from the Company's
tertiary operations is expected to increase from a 2005 average of 9,215 BOE/d
to a projected 2006 average of approximately 13,000 BOE/d, a 40% increase.
Gareth Roberts, Chief Executive Officer, said: "2005 was another year of
outstanding results for Denbury. During the year we (i) increased our
additional proven CO2 reserves by 74%, to 4.6 Tcf as of December 31, 2005;
(ii) completed most of our Free State CO2 pipeline from Jackson Dome to East
Mississippi, with which we plan to start our first East Mississippi CO2
injections next month; (iii) increased our CO2 tertiary oil production by 37%
fourth quarter 2004 to fourth quarter 2005; (iv) purchased five additional oil
fields that are part of future phases of our tertiary operations; (v) expanded
our horizontal well drilling in the Barnett Shale with plans to further
accelerate that program during 2006; and (vi) replaced 313% of our 2005
production, increasing our proven reserves by 18% year-end over year-end,
almost all from organic internal growth. All of these factors, combined with
high commodity prices, helped our stock reach new highs during 2005 and early
2006."
"Our decision to focus on tertiary operations continues to be a winning
strategy and the backbone of our Company. Tertiary oil production continues to
grow and we added over 12.5 million barrels of proved tertiary oil reserves
this past year, and we expect our growth in tertiary oil production and
reserves to continue. We are enthusiastic about the inventory of assets we
have compiled, having added tertiary opportunities for Phases III, IV and
beyond. We expect to grow our tertiary oil production approximately 40% during
2006 and our total corporate production by approximately 24%, predominately
from internal organic growth. Our future continues to look bright."
Conference Call
The public is invited to listen to the Company's conference call set for
today, February 23, 2006, at 10:00 A.M. CDT. The call will be broadcast live
over the Internet at our Web site: www.denbury.com. If you are unable to
participate during the live broadcast, the call will be archived on our Web
site for approximately 30 days and will also be available for playback for one
month after the call by dialing 888-203-1112 or 719-457-0820, passcode
4043993.
Annual Meeting
The Company today announced its 2006 Annual Meeting of Shareholders will be
held on Wednesday, May 10th at 3:00 P.M., local time, at the offices of the
Company located at 5100 Tennyson Parkway, Plano, Texas. The record date for
determination of shareholders entitled to vote at the annual meeting will be
the close of business on March 27, 2006.
Financial and Statistical Data Tables
Following are financial highlights for the comparative fourth quarters and
annual periods ended December 31, 2005 and December 31, 2004. All production
volumes and dollars are expressed on a net revenue interest basis with gas
volumes converted to equivalent barrels at 6:1.
/T/
FOURTH QUARTER FINANCIAL HIGHLIGHTS
(Amounts in thousands of U.S. dollars, except per share
and unit data)
Three Months Ended
December 31, Percentage
----------------------
2005 2004 Change
------------ --------- ----------
Revenues:
Oil sales 103,076 75,645 + 36%
Gas sales 70,643 36,757 + 92%
CO2 sales and transportation
fees 2,278 1,654 + 38%
Loss on effective hedge
contracts -- (24,012) N/A
Interest and other income 1,230 830 + 48%
------------ ---------
Total revenues 177,227 90,874 + 95%
------------ ---------
Expenses:
Lease operating expenses 32,848 20,268 + 62%
Production taxes and marketing
expense 7,856 5,256 + 49%
CO2 operating expenses 829 730 + 14%
General and administrative 7,101 6,338 + 12%
Interest, net 4,660 4,551 + 2%
Depletion and depreciation 28,529 21,262 + 34%
Commodity derivative expense
(income) 10,348 (1,282) + + 100%
------------ ---------
Total expenses 92,171 57,123 + 61%
------------ ---------
Income before income taxes 85,056 33,751 + + 100%
Income tax provision
Current income taxes 9,857 884 + + 100%
Deferred income taxes 18,013 10,386 + 73%
------------ ---------
NET INCOME 57,186 22,481 + + 100%
============ =========
Net income per common share (2):
Basic 0.51 0.20 + + 100%
Diluted 0.48 0.19 + + 100%
Weighted average common shares
(2):
Basic 112,564 110,517 + 2%
Diluted 119,391 116,151 + 3%
Production (daily - net of
royalties):
Oil (barrels) 20,808 19,644 + 6%
Gas (mcf) 65,045 56,002 + 16%
BOE (6:1) 31,649 28,977 + 9%
Unit sales price (including
hedges):
Oil (per barrel) 53.84 29.63 + 82%
Gas (per mcf) 10.11 5.64 + 79%
Unit sales price (excluding
hedges):
Oil (per barrel) 53.84 41.86 + 29%
Gas (per mcf) 11.81 7.13 + 66%
Three Months Ended
December 31, Percentage
-------------------
2005 2004 Change
--------- --------- ----------
Non-GAAP Financial Measure (1)
Adjusted cash flow from
operations (non-GAAP measure) 104,675 48,472 + + 100%
Net change in assets and liabilities
relating to
operations 24,984 (30,791) - + 100%
--------- ---------
Cash flow from operations (GAAP
measure) 129,659 17,681 + + 100%
========= =========
Oil & gas capital investments 97,092 48,464 + + 100%
CO2 capital investments 28,857 7,299 + + 100%
Proceeds from sales of properties 15,582 9,296 + 68%
BOE data (6:1)
Revenues 59.66 42.16 + 42%
Loss on settlements of derivative
contracts (3.48) (11.18) - 69%
Lease operating expenses (11.28) (7.60) + 48%
Production taxes and marketing
expense (2.70) (1.97) + 37%
--------- ---------
Production netback 42.20 21.41 + 97%
CO2 operating margin 0.50 0.35 + 43%
General and administrative (2.44) (2.38) + 3%
Net cash interest expense (1.12) (1.28) - 13%
Current income taxes and other (3.19) 0.08 + + 100%
Changes in asset and liabilities
relating to operations 8.58 (11.55) - + 100%
--------- ---------
Cash flow from operations 44.53 6.63 + + 100%
========= =========
(1) See "Non-GAAP Measures" at the end of this report.
(2) 2004 adjusted for 2-for-1 stock split.
TWELVE MONTH FINANCIAL HIGHLIGHTS
(Amounts in thousands of U.S. dollars, except per share
and unit data)
Twelve Months Ended
December 31, Percentage
-------------------
2005 2004 Change
---------- -------- ----------
Revenues:
Oil sales 367,414 256,843 + 43%
Gas sales 181,641 187,934 - 3%
CO2 sales and transportation fees 8,119 6,276 + 29%
Loss on effective hedge contracts -- (70,469) N/A
Interest and other income 3,532 2,252 + 57%
---------- --------
Total revenues 560,706 382,836 + 46%
---------- --------
Expenses:
Lease operating expenses 108,550 87,107 + 25%
Production taxes and marketing
expense 27,582 18,737 + 47%
CO2 operating expenses 2,251 1,338 + 68%
General and administrative 28,540 21,461 + 33%
Interest, net 17,978 19,468 - 8%
Depletion and depreciation 98,802 97,527 + 1%
Commodity derivative expense 28,962 15,358 + 89%
---------- --------
Total expenses 312,665 260,996 + 20%
---------- --------
Income before income taxes 248,041 121,840 + + 100%
Income tax provision
Current income taxes 27,177 22,929 + 19%
Deferred income taxes 54,393 16,463 + + 100%
---------- --------
NET INCOME 166,471 82,448 + + 100%
========== ========
Net income per common share (2):
Basic 1.49 0.75 + 99%
Diluted 1.39 0.72 + 93%
Weighted average common shares (2):
Basic 111,743 109,741 + 2%
Diluted 119,634 114,603 + 4%
Production (daily - net of
royalties):
Oil (barrels) 20,013 19,247 + 4%
Gas (mcf) 58,696 82,224 - 29%
BOE (6:1) 29,795 32,951 - 10%
Unit sales price (including hedges):
Oil (per barrel) 50.30 27.36 + 84%
Gas (per mcf) 7.70 5.57 + 38%
Unit sales price (excluding hedges):
Oil (per barrel) 50.30 36.46 + 38%
Gas (per mcf) 8.48 6.24 + 36%
Twelve Months Ended
December 31, Percentage
--------------------
2005 2004 Change
---------- --------- ----------
Non-GAAP Financial Measure: (1)
Adjusted cash flow from
operations (non-GAAP measure) 343,383 200,193 + 72%
Net change in assets and liabilities
relating to
operations 17,577 (31,541) - + 100%
---------- ---------
Cash flow from operations (GAAP
measure) 360,960 168,652 + + 100%
========== =========
Oil & gas capital investments 379,236 178,070 + + 100%
CO2 capital investments 78,726 50,265 + 57%
Proceeds from sales of properties 17,447 197,575 - 91%
Cash and cash equivalents 165,089 33,039 + + 100%
Short-term investments -- 57,171 N/A
Total assets 1,505,069 992,706 + 52%
Total long-term debt (excluding
discount) 380,870 229,184 + 66%
Total stockholders' equity 733,662 541,672 + 35%
BOE data (6:1)
Revenues 50.49 36.88 + 37%
Loss on settlements of derivative
contracts (1.54) (7.01) - 78%
Lease operating expenses (9.98) (7.22) + 38%
Production taxes and marketing
expense (2.54) (1.55) + 64%
--------------------
Production netback 36.43 21.10 + 73%
CO2 operating margin 0.54 0.41 + 32%
General and administrative (2.62) (1.78) + 47%
Net cash interest expense (1.28) (1.34) - 4%
Current income taxes and other 1.50) (1.78) - 16%
Changes in asset and liabilities
relating to operations 1.62 (2.63) - + 100%
--------------------
Cash flow from operations 33.19 13.98 + + 100%
====================
(1) See "Non-GAAP Measures" at the end of this report.
(2) 2004 adjusted for 2-for-1 stock split.
/T/
Non-GAAP Measures
Adjusted cash flow from operations is a non-GAAP measure that represents cash
flow provided by operations before changes in assets and liabilities, as
summarized from the Company's Consolidated Statements of Cash Flows. Adjusted
cash flow from operations measures the cash flow earned or incurred from
operating activities without regard to the collection or payment of associated
receivables or payables. The Company believes that it is important to consider
this measure separately, as it believes it can often be a better way to
discuss changes in operating trends in its business caused by changes in
production, prices, operating costs and so forth, without regard to whether
the earned or incurred item was collected or paid during that period. For a
further discussion, see "Management's Discussion and Analysis of Financial
Condition and Results of Operations - Operating Results" in our latest Form
10-Q or Form 10-K.
Denbury Resources Inc. (www.denbury.com) is the largest oil and natural gas
operator in Mississippi, owns the largest reserves of CO2 used for tertiary
oil recovery east of the Mississippi River, and holds key operating acreage in
the onshore Louisiana, Alabama, and Texas Barnett Shale areas. The Company
increases the value of acquired properties in its core areas through a
combination of exploitation drilling and proven engineering extraction
practices.
This press release, other than historical financial information, contains
forward-looking statements that involve risks and uncertainties including
expected reserve quantities and values relating to the Company's proved
reserves, the Company's potential reserves from its tertiary operations,
forecasted production levels relating to the Company's tertiary operations and
overall production levels, estimated capital expenditures for 2006, and other
risks and uncertainties detailed in the Company's filings with the Securities
and Exchange Commission, including Denbury's most recent reports on Form 10-K
and Form 10-Q. These risks and uncertainties are incorporated by this
reference as though fully set forth herein. These statements are based on
engineering, geological, financial and operating assumptions that management
believes are reasonable based on currently available information; however,
management's assumptions and the Company's future performance are both subject
to a wide range of business risks, and there is no assurance that these goals
and projections can or will be met. Actual results may vary materially.
FOR FURTHER INFORMATION PLEASE CONTACT:
Denbury Resources Inc. Gareth Roberts, 972-673-2000 Phil Rykhoek,
972-673-2000 www.denbury.com
23Feb06 12:00 GMT
Symbols:
ca;DNR us;DNR
Source CCN CCNMatthews
Categories:
ERN OIS MST/I/OIS MST/L/EN MST/S/ERN TGT/CCN
REUTERS RPT-UPDATE 1-DOJ opens probe into online music pricing
(Repeats item from March 2)
(Recasts with Justice Department confirmation)
By Sue Zeidler
LOS ANGELES, March 2 (Reuters) - The U.S. Department of
Justice said on Thursday it has opened an investigation into
possible anti-competitive pricing of online music by the
world's major music labels.
The probe closely tracks a similar investigation by New
York State Attorney General Eliot Spitzer into the pricing of
digital music downloads, sources familiar with the matter told
Reuters.
"The Antitrust Division is looking at the possibility of
anti-competitive practices in the music download industry,"
Justice Department spokeswoman Gina Talamona said, confirming
an earlier Reuters report based on details from sources.
She declined to comment further about the investigation.
One music industry source said that some subpoenas may have
been issued already in connection with the probe, while other
labels had been tipped off that subpoenas would likely be
coming in the next few days.
It appeared that Sony BMG had already received a subpoena,
the second industry source said.
The major record labels are Warner Music Group <WMG.N>, EMI
Group Plc <EMI.L>, Vivendi Universal's <EAUG.PA> Universal
Music Group and Sony BMG, a joint venture of Sony Corp <6758.T>
and Bertelsmann Ag <BERT.UL>.
Executives from the labels were not available or declined
comment.
In late December 2005, Warner Music Group disclosed in a
Securities and Exchange Commission filing it had been
subpoenaed by Spitzer in connection with an antitrust
investigation into the pricing of digital music downloads.
The two music industry sources said on Thursday the DOJ's
probe appeared to be focused on the same issues -- whether the
labels colluded to set wholesale pricing for song downloads.
The investigation also could be related to licensing
renegotiations with Apple Computer Inc's <AAPL.O>, maker of the
wildly popular iPod digital music player, for its iTunes music
store, industry sources have said.
Last September, Apple Chief Executive Steve Jobs called the
music industry "greedy" for considering hiking digital download
prices and warned the move could drive iPod users to piracy.
Music labels have indicated they want to institute variable
pricing at the iTunes store, which now charges 99 cents per
song.
Spitzer is also studying alleged pay-for-play radio
promotion practices in a separate inquiry.
(c) Reuters 2006. All rights reserved. Republication or redistribution of
Reuters content, including by caching, framing or similar means, is
expressly prohibited without the prior written consent of Reuters. Reuters
and the Reuters sphere logo are registered trademarks and trademarks of
the Reuters group of companies around the world.
03Mar06 15:00 GMT
Symbols:
de;APC de;APCS de;EMI de;EMIF de;EMIS de;EMIX de;SON de;SONF de;SONS
de;SONX de;VVU de;VVUF de;VVUS de;VVUX de;WB5F de;WB5S de;WB5X fr;EX fr;SN
gb;ACP gb;EMI gb;VIV jp;6758 mx;AAPL us;AAPL us;EMIP us;VAA us;WMG
Source RTRS Reuters News
MDG list potential replacement stocks for Sunday March 05, 2006
GTEC
GNOLF
GWGO
MBAY
XKEM
LFWK
NEXH
FDRA
CRGO
XSNX
FLYIQ
PTSC
MCTI
ADVC
DJSW
PTMQF
TMED
EDIG
IHDR
BTEM
NWBT
JKRI
MSEV
UCHB
Best of March List from Week 1 of March 2006. as of Sunday March 05, 2006.
GTEC
FDRA
PTSC
ADVC
GRXI
PURE
GNBT
ABZT
LTWV
Oh yeah and the MDG list was also developed from the bright ideas and stock observations of the IHUB bunch... Thanks IHUB as well. Lotsa work to get these...
The Stockster reports a reconfirmation of its MBAY pick over the weekend with this statement...
"We called MBAY's IR guy and he confirmed the news we're
expecting will come out Mon. or Tues! HUGE move UP !!!!
Our Short-term target price for MBAY is $3.95
MBAY is set for Breakout! Enjoy!
Great quarter to come with MBAY's deal with MSN News"
Source: www.Thestockster.com.
Hope so, LOL...
March Watch List - This list has so many large gainers that it is like good luck finding the right ones cause they are all good if you buy them at the right time.
Check the quarterly charts on these and be sure to wear sunglasses for the gloss is tremendous. In some cases some of these have dropped considerably and may be good swing trade plays.
Many stocks did not make the list that were 2X to 3X, so these mainly are anywhere from 4X to 10X potential or already have achieved that, WOW....
I still say that it is better to find these early before they rocket up like this so that is what I will be working on anyways.
GTEC
DGKO
TXXN
GMCC
FDRA
CWLC
PTSC
BLDH
ADVC
IMGM
WGDF
GRXI
PURE
GNBT
POSC
IDWD
PDSC
ABZT
PHLI
ILNP
LNUX
DRGV
LTWV
CTUM
MSEV
USXP
SUWN
EYII
TRDY
IBTY
Multi Day Gainers List weekend assessment of possible stock replacements, or trendwatching concerns.
Wentworth Energy - broke below 15 minute 50 sma and is beginning to downtrend
Advanced Communications - choppy curve and levelling with the 50 sma for a possible area of concern
PTSC - levelling with the 50 period sma watch for fall or rise at this pivotal point
Biostem - below the 50 sma but still on track with longer term charts so should be ok. but watch closer
MSEV - troubled chart and slightly below 50 sma if it doesnt break above the sma early on monday it is a candidate for swapping out with a new MDG stock.
What does this tell me ? Well this tells me to have at least 4 or 5 stocks researched and ready to replace these stocks if they begin a downward spiral. The trendlines in relation to the 50 period sma are a good indicator of how well the stocklist is doing anyways.
American Bulls Nasdaq Buy Recommends Watchlist
abtl
acad
acam
acas
acli
actg
adrd
adru
alsk
amcs
anen
ango
anpi
answ
ardm
arrb
arro
atpg
atro
banfp
bbsi
bdms
beas
bphx
bpur
brkr
brlc
brnc
bsqr
cbon
cdcy
cdis
cece
ceco
clhb
cnty
cool
cpsi
cprt
cpst
ctco
cxsp
cycl
dhom
diib
dltr
ebay
ecmv
eght
elmg
elnk
embt
eqtx
etwc
exar
expe
ffco
flow
fnsr
frns
fthr
fuel
gcbs
gern
gorx
gstl
hana
havs
hill
hort
hpol
ibca
icge
imax
infa
inft
insw
kbay
kfrc
kindz
kndl
knol
lbtyk
lcav
lcrd
manu
mbay
mccc
mcri
meca
medw
mfri
mlhr
mmus
modt
moss
mwiv
myog
ncog
ncty
netm
ngas
nhtb
nktr
nrci
ntol
nuan
nuhc
nwlia
ocpi
odfl
onxx
optc
orct
oxps
pcbc
pnbk
pnfp
ppbi
ptmk
pvtb
pxlw
qlgc
radn
rads
rdcm
redf
rent
rgld
rheo
rjet
rmti
rsti
rtrsy
sbit
sfbc
shmr
sigi
silc
sina
sivb
slgn
slxa
sont
sttx
sunh
svnx
swks
tarr
tbwc
tecua
tfco
tgis
tlab
trps
tscm
tsfg
ttes
ubnk
unty
uspi
vert
vifl
vlccf
vltr
vtal
wmar
wpsc
wpte
xprt
yakc
zhne
zvxi
That is the OTCBB list from American Bulls... oh yes there is more. Nasdaq, NYSE, TSX, Pinksheets, etc.
I dont know whether to laugh or get the tranquilizer gun out for this one. Everybody plays the fool I guess...LOL.
American bulls for today 60% up or even and 40% down for Friday March 03, 2006.
American Bulls is very bullish. This list is all current buy recommends from this 3rd party website. Sounds like a good watch list.
aacq
aamu
abrm
acruq
acur
agsi
ants
aoxy
atsx
auml
aurmf
awbv
bdci
besv
blga
bmgx
cafe
calvf
cblrf
cigi
cnoc
crcs
crmxf
csca
cuaq
djsw
dmdo
dsln
edig
ezen
fdmlq
fdsi
fecof
feec
flyiq
gdti
glif
gzfx
hstt
ibtgf
icoa
idta
ifdg
iftc
ihdr
imtr
icoa
ifdg
iftc
ihdr
kngse
lnxgf
mcti
mobl
mrdaf
mrddf
msep
msev
nfei
nrds
nsdm
nsol
nvlt
nwacq
ogtx
pftr
pgol
pnamf
poig
prmx
ptmqf
qcye
qres
rphl
saln
semx
sevi
sfsh
shlp
sidy
snwp
soigf
soluq
ssbx
stiv
saln
semx
sevi
shlp
sidy
skpi
snwp
soigf
soluq
ssbx
stiv
swbc
synb
tcll
tide
tjss
tmed
tnsw
togi
trph
ttlg
tzmte
uchb
umsy
uncn
unrg
usvo
utyw
vdwb
vvdl
wavr
wdpt
wetm
xrym
If you are really good or really lucky or both you would have taken the MultiDayGainers list and reduced it into the top stock for all three days which was PTSC. 1400 + 20 = 1420 initial investment and current value on 1400 would be a 89.4% increase so your new value is $2631.60.
$2631.60 - 1400 = $ 1231 not a bad weekly salary never mind in 3 days...... Risky that way though watch it close for major drops like what happened with USXP.
The REAL DEAL: Multi Day Gainers list developed from research, otcbb, pinksheets, top ten lists, nyse, nasdaq websites along with otcpicks, and the stockster ( 3rd parties ).
With the MDG list:
10.85% on wednesday
7.4% on Thursday
6.5% thus far on Friday.
This indicates a 14 stock pick list @ 100 dollars each IN so 1400 dollar initial investment plus 140 dollars in commission. or 1540 initial investment
Current totals would be
Day 1 $ 1551.90
Day 2 $ 1666.74
Day 3 $ 1775.08
Ideally than a minimum of 5 days (if all positive) invested would have to work for your picks at 100 dollars per stock with 20% going to commission to be in the black.
Not an easy game thats for sure.
The good news is that with 100 dollars/stock the commission is paid within 2-3 days at 1400 + 280 = 1680.00 with a 200 dollar per stock investment commission paid in the first day.