Feb 17, 2011 18:39 Builders FirstSource Reports Fourth Quarter and Fiscal Year 2010 Results
Builders FirstSource, Inc. (Nasdaq:BLDR), a leading supplier and manufacturer of structural and related building products for residential new construction in the United States, today reported its results for the fourth quarter and fiscal year ended December 31, 2010. continued...
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Feb 17, 2011 18:25 Orion Marine Group Schedules Announcement of Fourth Quarter and Full Year 2010 Results
Orion Marine Group, Inc. (NYSE:ORN) (the "Company") today announced it will release its financial results for the fourth quarter and full year 2010 on Thursday, March 3, 2011, at approximately 5:00 a.m. Eastern Time/4:00 a.m. Central Time. The Company will conduct a telephone briefing at 10:00 a.m. Eastern Time/9:00 a.m. Central Time on Thursday, March 3, 2011, to discuss its results for the fourth quarter and full year 2010. continued...
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Feb 17, 2011 17:41 Oil States Announces Fourth Quarter Earnings of $0.94 Per Share Before Transaction Costs
Oil States International, Inc. (NYSE:OIS) reported net income for the quarter ended December 31, 2010 of $44.0 million, or $0.82 per diluted share, compared to $39.9 million, or $0.78 per diluted share, in the fourth quarter of 2009. During the fourth quarter of 2010, the Company completed the $725 million acquisition of The MAC Service Group Limited, a leading provider of remote site accommodations to the Australian natural resources industries, along with two other strategic acquisitions, incurring approximately $6.3 million ($0.11 per diluted share after-tax) of transaction related expenses and $0.9 million ($0.01 per diluted share after-tax) of interest expense prior to closing. Excluding these transaction costs, the Company earned fourth quarter 2010 net income of $50.6 million, or $0.94 per diluted share, and $105.7 million of Adjusted EBITDA on revenues of $696.8 million. EBITDA is defined as net income plus interest, taxes, depreciation and amortization. Adjusted EBITDA excludes goodwill impairments taken in 2009 and transaction costs incurred in the fourth quarter of 2010. (Please refer to the press release footnotes (A) and (D) for a reconciliation of EBITDA and Adjusted EBITDA, respectively.) These results compare to revenues of $528.7 million and EBITDA of $90.1 million in the fourth quarter of 2009. The year-over-year improvements in revenues and EBITDA were primarily due to stronger North American drilling and completion activity partially offset by lower revenues and EBITDA from the offshore products segment due to lower backlog levels in 2010 compared to 2009. Consolidated operating income in the fourth quarter of 2010 was $67.6 million compared to $58.5 million for the corresponding quarter of 2009. continued...
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