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Tetra Tech Announces Planned Dates for Second Quarter 2013 Results and Conference Call

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Tetra Tech Announces Planned Dates for Second Quarter 2013 Results and Conference Call

PASADENA, Calif.–(BUSINESS WIRE)– Tetra Tech, Inc. (NAS: TTEK) today announced the planned dates for its second quarter 2013 results and conference call. On Wednesday, May 1, 2013, after market close, Tetra Tech intends to announce its second quarter 2013 results. On Thursday, May 2, 2013, at 8:00 a.m. Pacific Time, Tetra Tech plans to host a conference call to further present and discuss the Company’s financial results and forward outlook.

Investors and other interested parties can access a live audio-visual webcast through a link posted on the Company’s website at www.tetratech.com. The webcast replay will be available following the call.

About Tetra Tech (www.tetratech.com)

Tetra Tech is a leading provider of consulting, engineering, program management, construction management, and technical services. The Company supports government and commercial clients by providing innovative solutions to complex problems focused on water, environment, energy, infrastructure, and natural resources. With more than 14,000 staff worldwide, Tetra Tech‘s capabilities span the entire project life cycle.

Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions (“Future Factors”), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section “Risk Factors” included in the Company’s Form 10-K and 10-Q filings with the Securities and Exchange Commission.

Tetra Tech, Inc.
Jim Wu, Investor Relations
Charlie MacPherson, Media & Public Relations
(626) 470-2844

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

The article Tetra Tech Announces Planned Dates for Second Quarter 2013 Results and Conference Call originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure …read more

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Osage Exploration and Development Announces Record Annual Revenues, Production, and Reserves

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Osage Exploration and Development Announces Record Annual Revenues, Production, and Reserves

SAN DIEGO–(BUSINESS WIRE)– Osage Exploration and Development, Inc. (OTCBB:OEDV), an independent exploration and production company focused on the Horizontal Mississippian and Woodford plays in Oklahoma, announced today its financial and operational results for the full year 2012. Year-over-year highlights from Osage Exploration and Development include:

  • 74% increase in total revenues from $3,515,723 to $6,120,024;
  • 107% improvement in oil sales from $1,920,834 to $3,973,666; and,
  • 107% growth in annual oil production from 19,162 Bbls in 2011 to 39,684 Bbls.

The full text of the Company’s Form 10-K for 2012 is available on the SEC EDGAR system or on Osage’s website: http://www.osageexploration.com.

Drilling Status

The Company’s previously announced accelerated drilling program is proceeding ahead of initial estimates. Initially planning to drill two wells per month, Osage and its partners have spud ten wells to date in 2013, fully 50% ahead of the planned pace. Currently, there are eight wells in production and an additional twelve wells in various stages of drilling, completion, and flowback. Osage and its partners are employing two rigs full-time, and are utilizing a third rig opportunistically.

Quarterly Production

Since the commencement of production in the Company’s Nemaha Ridge project in Logan County, Oklahoma, average daily production net to Osage has increased 115% from 112 Boe/d in the second quarter of 2012 to 241 Boe/d in the first quarter of 2013.

Reserve Report

Osage’s third party independent reserve engineer, Pinnacle Energy Services, provided a year-end reserve report on the Company’s oil and gas assets in Logan County, Oklahoma. The report is based on the first five Proved Developed Producing locations (PDP), three Proved Developed Not Producing locations (PDNP), nine reported Proved Undeveloped (PUD) well locations, and 370 Non-Proved (NP) locations. The Estimated Ultimate Recovery (EUR) per PUD location is approximately 285,000 Boe. The product mix is estimated to be 60% crude oil and 40% natural gas. Based on Pinnacle’s report, Osage’s Nemaha …read more
Source: FULL ARTICLE at DailyFinance

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SL Industries Announces 2012 Full Year and Fourth Quarter Results

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SL Industries Announces 2012 Full Year and Fourth Quarter Results

MT. LAUREL, N.J.–(BUSINESS WIRE)– SL INDUSTRIES, INC. (NYSE MKT: SLI); (“SLI” or the “Company”) operating results for the fourth quarter and year ended December 31, 2012 are summarized in the following paragraphs. Please read the Company’s Form 10-K, which can be found at www.slindustries.com, for a full discussion of the operating results.


Fourth Quarter Results

Net sales for the quarter ended December 31, 2012, were $51.5 million, compared with net sales for the quarter ended December 31, 2011 of $51.4 million.

Income from continuing operations for the quarter ended December 31, 2012 was $3.6 million, or $0.87 per diluted share, compared to income from continuing operations of $3.1 million, or $0.67 per diluted share, for the quarter ended December 31, 2011. Included in income from continuing operations during the fourth quarter of 2011 was $0.3 million of restructuring costs.

Net income for the quarter ended December 31, 2012 was $3.0 million, or $0.71 per diluted share, compared to a net loss of $1.7 million, or $0.37 per diluted share, for the quarter ended December 31, 2011. Net income for the quarter ended December 31, 2012 included a net loss from discontinued operations of $0.7 million, or $0.16 per diluted share, compared to a net loss from discontinued operations of $4.8 million, or $1.04 per diluted share, for the fourth quarter 2011. The loss from discontinued operations in 2012 relates to environmental remediation costs, consulting fees, legal charges and possible claims associated with the past operations of the Company’s five environmental sites. In 2011, the majority of the loss in discontinued operations was related to a $5.2 million, after-tax charge, recorded in the fourth quarter, for environmental obligations related to the Company’s Pennsauken site. The net loss from discontinued operations in 2011 was partially offset by a change in the estimated effective state tax rates. The change increased the benefit on losses incurred in discontinued operations.

The Company generated Adjusted EBITDA from continuing operations of $5.3 million for the fourth quarter of 2012, as compared to $5.4 million for the same period in 2011, a decrease of $0.1 million, or 3%. See “Note Regarding Use of Non-GAAP Financial Measurements” below for the definition of Adjusted EBITDA.

…read more
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Vanguard Health Systems Receives Arizona Medicaid Agency Contract Award Notification

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Vanguard Health Systems Receives Arizona Medicaid Agency Contract Award Notification

NASHVILLE, Tenn.–(BUSINESS WIRE)– Vanguard Health Systems, Inc. (NYS: VHS) (the “Company”) today announced that its Phoenix, Arizona health plan subsidiary, VHS Phoenix Health Plan, LLC (“PHP“), received a letter from the Arizona Health Care Cost Containment System (“AHCCCS“) on Friday March 22, 2013, informing PHP that it was not awarded an acute care program contract for the program year commencing October 1, 2013. Under its current contract with AHCCCS, which expires on September 30, 2013, PHP covers members in nine Arizona counties: Apache, Coconino, Gila, Maricopa, Mohave, Navajo, Pima, Pinal and Yavapai. PHP has served Arizona residents since 1983.

Pursuant to the terms of AHCCCS‘s request for proposal, pursuant to which PHP submitted its bid (the “RFP“), PHP, as an unsuccessful incumbent acute care contractor in Maricopa and Pima counties, filed a formal request on March 23, 2013, to receive a capped contract in those two counties. If AHCCCS exercises its discretion to grant PHP‘s request with respect to either or both of those counties, PHP would continue to provide services to its existing members in those counties under the terms and conditions of the RFP, but would not receive any new members as long as enrollment remains capped. PHP anticipates a response to its formal request by March 31, 2013.

PHP also has the right to protest AHCCCS‘s decision. PHP is evaluating the scoring of its bid as well as other relevant information to determine whether to file a protest. AHCCCS scored all bids submitted under the RFP based on four weighted criteria: capitation (33%); program (33%); access of care/network (17%); and organization (17%). If it chooses to do so, PHP must file its protest no later than April 1, 2013.

PHP represented approximately 80% of the segment revenues, and substantially all of the segment EBITDA and income from continuing operations before income taxes associated with the Health Plans segment as reported in the Company’s Form 10-Q for the six months ended December 31, 2012. As of December 31, 2012, PHP‘s membership was 186,200, which represented 79% of the Company’s total health plan membership. Approximately 116,200 of the PHP members resided in Maricopa and Pima counties as of December 31, 2012. As of December 31, 2012, the Company had goodwill and net intangible assets of approximately $85 million related to PHP on its balance sheet.

“After serving the residents of Arizona for nearly 30 years under the AHCCCS program, we were both surprised …read more
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Mobile Mini Reports Inducement Grants Under NASDAQ Listing Rule 5635(C)(4)

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Mobile Mini Reports Inducement Grants Under NASDAQ Listing Rule 5635(C)(4)

TEMPE, Ariz.–(BUSINESS WIRE)– Mobile Mini, Inc. (NASDAQ GS: MINI) today announced that in accordance with NASDAQ rules regarding employment inducement awards, Mobile Mini has granted equity compensation awards to Erik Olsson in connection with his employment as the Company’s President and Chief Executive Officer. Details of this grant were also previously disclosed in the Company’s Form 8-K filing dated March 20, 2013.

Mr. Olsson’s inducement awards consist of stock options in three separate tranches. The first tranche of stock options grants Mr. Olsson the right to purchase 1,000,000 shares of common stock at the closing market price as of March 18, 2013 of $28.27 per share. The vesting of these options is subject to the achievement of certain EBITDA and net debt targets in 2013, 2014 and 2015. The second tranche of stock options grant Mr. Olsson the right to purchase 500,000 shares of common stock at a price of $32.51, which represents a 15% premium to the closing market price as of March 18, 2013. The third tranche of options grant Mr. Olsson the right to purchase 500,000 shares of common stock at a price of $36.75, which represents a 30% premium to the closing market price as of March 18, 2013. In addition to the performance criteria required the first tranche, each of these tranches will vest over three years.

In granting these stock options, the Board focused on a number of factors, particularly the performance nature of the options. Substantially all of the elements of Mr. Olsson’s equity compensation were issued above current market prices or have vesting criteria that require the achievement of certain performance objectives. Additionally, Mr. Olsson’s annual cash bonus opportunity will also be based on the achievement of performance criteria defined by the Board. Thus, the Board believes that Mr. Olsson’s overall compensation package is heavily performance based and thus aligns him well with the shareholders of the Company.

The Compensation Committee of the Company’s Board of Directors granted the above awards on March 18, 2013 in accordance with NASDAQ Listing Rule 5635(c)(4).

About Mobile Mini

Mobile Mini, Inc. is the world’s leading provider of portable storage solutions. Mobile Mini is included on the Russell 2000® and 3000® Indexes and the S&P Small Cap Index. For more information visit www.mobilemini.com.

This news release contains forward-looking statements, particularly regarding the momentum of our business and our expectations …read more
Source: FULL ARTICLE at DailyFinance

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Steel Partners Holdings L.P. Reports Fourth Quarter and Year End 2012 Financial Results

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Steel Partners Holdings L.P. Reports Fourth Quarter and Year End 2012 Financial Results

NEW YORK–(BUSINESS WIRE)– Steel Partners Holdings L.P. (NYS: SPLP) (“SPLP” or the “Company”), a global diversified holding company, today announced operating results for the fourth quarter and year ended December 31, 2012. They are summarized in the following paragraphs. For a full discussion of the operating results, please read the Company’s Form 10-K, which can be found at www.steelpartners.com.

SPLP reported revenue of $174.9 million for the quarter, as compared to $156.4 million for the same period of 2011. Income before taxes and equity method investments was $8.8 million in the fourth quarter of 2012, as compared to $6.0 million in 2011. Net income attributable to the Company’s common unitholders for the fourth quarter of 2012 was $1.8 million, or $0.06 per diluted common unit, as compared to $22.8 million, or $0.81 per diluted common unit, for the same period in 2011. In the fourth quarter of 2011, the Company recorded a tax benefit of $63,865, of which $35,426 was attributable to common unitholders, or $1.22 per diluted common unit, relating to the release of valuation reserves on deferred tax assets.

For the year ended December 31, 2012 SPLP reported revenues of $761.5 million, as compared to $679.4 million in 2011. Income before taxes and equity method investments was $46.1 million for the year, as compared to $43.0 million in 2011. Net income attributable to the Company’s common unitholders for the year was $41.0 million, or $1.38 per diluted common unit, as compared to $35.5 million, or $0.99 per diluted common unit, for 2011.


Financial Summary ($000s)

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Source: FULL ARTICLE at DailyFinance

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Avid Announces Receipt of Anticipated NASDAQ Letter

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Avid Announces Receipt of Anticipated NASDAQ Letter

BURLINGTON, Mass.–(BUSINESS WIRE)– Avid Technology, Inc. (NAS: AVID) , announced today that, due to the previously disclosed delay in the filing of its annual report on Form 10-K for the year ended December 31, 2012 (the “Form 10-K”), the Company has, as expected, received on March 19, 2013 a notification letter from staff of the NASDAQ Listing Qualifications Department (the “Staff”). The notification states that the Company is no longer in compliance with NASDAQ Marketplace Rule 5250(c)(1), which requires timely filing of periodic reports with the Securities and Exchange Commission (SEC). The NASDAQ letter was issued in accordance with standard NASDAQ procedure, which provides that failure to timely file the Company’s Form 10-K could serve as a basis for the delisting of the Company’s stock from the NASDAQ Global Select Market. The Company intends to submit to the Staff a plan as to how it plans to regain compliance with NASDAQ‘s continued listing requirements. The NASDAQ notice specifies that this plan has to be submitted by May 20, 2013. If the Staff accepts the Company’s plan, the Company expects to have up to 180 calendar days from the initial due date for the Form 10-K, or until September 16, 2013, to regain compliance. If the Staff does not accept Avid’s plan, Avid will have the opportunity to appeal that decision to a NASDAQ Hearings Panel. The NASDAQ notice has no immediate effect on the listing of Avid’s common stock on the NASDAQ Global Select Market.

On March 19, 2013, the Company filed a Form 12b-25 with the SEC stating that it was unable to file the Form 10-K with the SEC on or before March 18, 2013, the prescribed due date, because it is continuing to evaluate the accounting treatment related to bug fixes, upgrades and enhancements in certain of the Company’s customer arrangements (collectively, “Software Updates“). The primary focus of the Company’s evaluation to date has been to determine whether certain Software Updates previously thought to be only bug fixes met the definition of post-contract customer support under U.S. Generally Accepted Accounting Principles. The Company is working diligently to complete the review and continues to focus its efforts on completing the Form 10-K filing as soon as possible.

During this evaluation, the Company plans to continue to invest in its product innovation and execute on its growth strategy. The company has no debt and ample cash to support it in these efforts and believes it is well positioned to support its customers’ ongoing success.

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Source: FULL ARTICLE at DailyFinance

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Tetra Tech Awarded $100 Million Environmental Remediation Contract for the U.S. Navy

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Tetra Tech Awarded $100 Million Environmental Remediation Contract for the U.S. Navy

PASADENA, Calif.–(BUSINESS WIRE)– Tetra Tech, Inc. (NAS: TTEK) announced today that it has been awarded a $100 million remedial action contract by the Naval Facilities Engineering Command’s Atlantic Division. Through this 5-year indefinite delivery/indefinite quantity contract, Tetra Tech will provide environmental remediation services primarily for the Department of the Navy and Marine Corps installations. This single award contract supports the Navy’s primary environmental remediation program covering the Atlantic area of responsibility including North Carolina, Virginia, Maryland, Connecticut, Maine, Massachusetts, the District of Columbia, Pennsylvania, West Virginia, Africa, and Vieques, Puerto Rico.

About Tetra Tech (www.tetratech.com)

Tetra Tech is a leading provider of consulting, engineering, program management, construction management, and technical services. The Company supports government and commercial clients by providing innovative solutions to complex problems focused on water, environment, energy, infrastructure, and natural resources. With more than 14,000 staff worldwide, Tetra Tech‘s capabilities span the entire project life cycle.

Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions (“Future Factors”), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section “Risk Factors” included in the Company’s Form 10-K and 10-Q filings with the Securities and Exchange Commission.

Tetra Tech, Inc.
Jim Wu, Investor Relations
Charlie MacPherson, Media & Public Relations
626-470-2844

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

The article Tetra Tech Awarded $100 Million Environmental Remediation Contract for the U.S. Navy originally appeared on Fool.com.

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Copyright © 1995 – 2013 The Motley Fool, …read more
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PNM Resources Management to Present at Williams Capital Group West Coast Seminar

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PNM Resources Management to Present at Williams Capital Group West Coast Seminar

2013 ongoing earnings guidance range affirmed during presentation

ALBUQUERQUE, N.M.–(BUSINESS WIRE)– PNM Resources (NYS: PNM) management will make a company presentation at 12:30 p.m. Pacific on Mar. 20 during the Williams Capital Group West Coast Seminar in Las Vegas. A live Web cast of the presentation can be accessed at: http://www.pnmresources.com/investors/events.cfm

Management is expected to affirm the company’s 2013 consolidated ongoing earnings guidance range of $1.32 to $1.42 per diluted share.

Supporting material for the investor meetings is available on PNM Resources’ Web site at http://www.pnmresources.com/investors/events.cfm.

Background:

PNM Resources (NYS: PNM) is an energy holding company based in Albuquerque, N.M., with 2012 consolidated operating revenues of $1.3 billion. Through its regulated utilities, PNM and TNMP, PNM Resources has approximately 2,538 megawatts of generation capacity and serves electricity to more than 738,000 homes and businesses in New Mexico and Texas. For more information, visit the company’s Web site at www.PNMResources.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Statements made in this news release that relate to future events or PNM Resources’ (“PNMR“), Public Service Company of New Mexico‘s (“PNM“), or Texas-New Mexico Power Company’s (“TNMP“) (collectively, the “Company”) expectations, projections, estimates, intentions, goals, targets, and strategies are made pursuant to the Private Securities Litigation Reform Act of 1995. Readers are cautioned that all forward-looking statements are based upon current expectations and estimates. PNMR, PNM, and TNMP assume no obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, PNMR, PNM, and TNMP caution readers not to place undue reliance on these statements. PNMR‘s, PNM‘s, and TNMP‘s business, financial condition, cash flow, and operating results are influenced by many factors, which are often beyond their control, that can cause actual results to differ from those expressed or implied by the forward-looking statements. For a discussion of risk factors and other important factors affecting forward-looking statements, please see the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission, which are specifically incorporated by reference herein.

Non-GAAP Financial Measures

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PNM Resources Management to Meet with Investors

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PNM Resources Management to Meet with Investors

2013 ongoing earnings guidance range affirmed during meetings

ALBUQUERQUE, N.M.–(BUSINESS WIRE)– PNM Resources (NYS: PNM) management will meet with analysts and investors this week in Chicago and Cleveland.

Management is expected to affirm the company’s 2013 consolidated ongoing earnings guidance range of $1.32 to $1.42 per diluted share during the meetings. Presentation materials are available on the company’s website at http://www.pnmresources.com/investors/events.cfm.

Background:

PNM Resources (NYS: PNM) is an energy holding company based in Albuquerque, N.M., with 2012 consolidated operating revenues of $1.3 billion. Through its regulated utilities, PNM and TNMP, PNM Resources has approximately 2,538 megawatts of generation capacity and serves electricity to more than 738,000 homes and businesses in New Mexico and Texas. For more information, visit the company’s Web site at www.PNMResources.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Statements made in this news release that relate to future events or PNM Resources’ (“PNMR“), Public Service Company of New Mexico‘s (“PNM“), or Texas-New Mexico Power Company’s (“TNMP“) (collectively, the “Company”) expectations, projections, estimates, intentions, goals, targets, and strategies are made pursuant to the Private Securities Litigation Reform Act of 1995. Readers are cautioned that all forward-looking statements are based upon current expectations and estimates. PNMR, PNM, and TNMP assume no obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, PNMR, PNM, and TNMP caution readers not to place undue reliance on these statements. PNMR‘s, PNM‘s, and TNMP‘s business, financial condition, cash flow, and operating results are influenced by many factors, which are often beyond their control, that can cause actual results to differ from those expressed or implied by the forward-looking statements. For a discussion of risk factors and other important factors affecting forward-looking statements, please see the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission, which are specifically incorporated by reference herein.

Non-GAAP Financial Measures

The Company uses ongoing earnings and ongoing earnings per diluted share (or ongoing diluted earnings per share) to evaluate the operations of the Company and to establish goals for management and employees. While the Company believes …read more
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LabCorp's Zero Coupon Convertible Subordinated Notes Due 2021 to Accrue Contingent Interest

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LabCorp’s Zero Coupon Convertible Subordinated Notes Due 2021 to Accrue Contingent Interest

BURLINGTON, N.C.–(BUSINESS WIRE)– Laboratory Corporation of America® Holdings (LabCorp®) (NYS: LH) announced today that for the period of March 12, 2013 to September 11, 2013, its Zero Coupon Convertible Subordinated Notes due 2021 (Zero Coupon Notes) will, subject to the terms of the Zero Coupon Notes, accrue contingent cash interest at a rate of no less than 0.125% of the average market price of a Zero Coupon Note for the five trading days ended March 6, 2013, in addition to the continued accrual of the original issue discount. Contingent cash interest, which the Company has determined to be approximately $1.49 per Note, will be payable to holders of the Zero Coupon Notes as of the record date, which is August 27, 2013. The payment of contingent cash interest is expected to be made on September 11, 2013.


About LabCorp
 ®

Laboratory Corporation of America® Holdings, an S&P 500 company, is a pioneer in commercializing new diagnostic technologies and the first in its industry to embrace genomic testing. With annual revenues of $5.7 billion in 2012, over 34,000 employees worldwide, and more than 220,000 clients, LabCorp offers more than 4,000 tests ranging from routine blood analyses to reproductive genetics to companion diagnostics. LabCorp furthers its scientific expertise and innovative clinical testing technology through its Specialty Testing Group: The Center for Molecular Biology and Pathology, National Genetics Institute, ViroMed Laboratories, Inc, The Center for Esoteric Testing, Litholink Corporation, Integrated Genetics, Integrated Oncology, DIANON Systems, Inc, Monogram Biosciences, Inc, Colorado Coagulation, Cellmark Forensics, MedTox, and Endocrine Sciences. LabCorp conducts clinical trials testing through its LabCorp Clinical Trials division. LabCorp clients include physicians, government agencies, managed care organizations, hospitals, clinical labs, and pharmaceutical companies. To learn more about our company, visit our Web site at: www.labcorp.com.

This press release contains forward-looking statements. Each of the forward-looking statements is subject to change based on various important factors, including without limitation, competitive actions in the marketplace and adverse actions of governmental and other third-party payors. Actual results could differ materially from those suggested by these forward-looking statements. Further information on potential factors that could affect LabCorp’s financial results is included in the Company’s Form 10-K for the year ended December 31, 2012, and subsequent SEC filings.

<p class="bwalignc" …read more
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Atlas To Present at The NYSSA 17th Annual Insurance Conference on March 19, 2013

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Atlas To Present at The NYSSA 17 th Annual Insurance Conference on March 19, 2013

CHICAGO–(BUSINESS WIRE)– Atlas Financial Holdings, Inc. (NASDAQ: AFH; TSX.V: AFH) (“Atlas” or the “Company”) today announced Company’s President and CEO, Scott D. Wollney, will present at the New York Society of Security Analysts (NYSSA) 17th Annual Insurance Industry Conference in New York City on Tuesday, March 19, 2013 at 8:30 AM ET.

Atlas’ presentation materials will be available on the Company’s website at www.atlas-fin.com prior to the presentation.

More information on the NYSSA Conference can be gathered from the NYSSA website at www.nyssa.org, or by calling the organization at (212) 541-4530.

About Atlas Financial Holdings, Inc.

The primary business of Atlas is commercial automobile insurance in the United States, with a niche market orientation and focus on insurance for the “light” commercial automobile sector including taxi cabs, non-emergency paratransit, limousine/livery and business auto. The business of Atlas is carried on through its insurance subsidiaries American Country Insurance Company, American Service Insurance Company, Inc. and Gateway Insurance Company. Atlas’ insurance subsidiaries have decades of experience with a commitment to being an industry leader in these specialized areas of insurance.

Forward-looking Statements

This release includes forward-looking statements regarding Atlas and its insurance subsidiaries and businesses. Such statements are based on the current expectations of the management of each entity. The words “anticipate”, “expect”, “believe”, “may”, “should”, “estimate”, “project”, “outlook”, “forecast” or similar words are used to identify such forward looking information. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company and its subsidiaries, including risks regarding the insurance industry, economic factors and the equity markets generally and the risk factors discussed in the “Risk Factors” section of the Company’s Form 10-K for the year ended December 31, 2011 and its recent prospectus. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Atlas and its subsidiaries undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Neither exchange on which the Company’s stock is listed nor their regulation services providers (as that term is defined …read more
Source: FULL ARTICLE at DailyFinance

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Steel Excel Inc. Reports Fourth Quarter and Year End 2012 Financial Results and Outlook for 2013

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Steel Excel Inc. Reports Fourth Quarter and Year End 2012 Financial Results and Outlook for 2013

SAN RAMON, Calif.–(BUSINESS WIRE)– Steel Excel Inc. (Other OTC: SXCL) (“Steel Excel“, “SXCL” or the “Company”), which operates in two reportable segments, Steel Energy and Steel Sports, today announced operating results for the fourth quarter and year ended December 31, 2012. They are summarized in the following paragraphs. For a full discussion of the results, please see the Company’s Form 10-K, which can be found at www.steelexcel.com.

Fourth Quarter Results

Steel Excel reported aggregate revenues of $26.9 million for the quarter, as compared to $1.8 million for the same period of 2011. The loss from continuing operations before tax was $0.3 million in the fourth quarter of 2012, as compared to a loss of $1.3 million in the 2011 period. The net loss for the fourth quarter of 2012 was $0.1 million, or $0.01 per diluted common share, as compared to a net loss of $1.7 million, or $0.15 per diluted common share for the same period in 2011. For the quarter, Steel Energy net revenues were $26.4 million, compared to $1.4 million in 2011, while Steel Sports had net revenues of $0.5 million, versus $0.4 million in 2011.

Twelve Month Results

For the year, Steel Excel reported net revenues of $100.1 million, as compared to $2.5 million in 2011. Income from continuing operations before tax was $6.5 million, versus a loss of $0.2 million in 2011. Net income for the year was $20.7 million or $1.71 per diluted common share, which included a net loss from discontinued operations of $1.9 million, or $0.16 per share, as compared to net income of $6.8 million, or $0.62 per diluted common share in 2011, which included net income from discontinued operations of $6.6 million, or $0.61 per share.

Steel Energy reported net revenues for the year of $97.2 million, as compared to $1.4 million the prior year. Steel Sports reported revenues of $2.9 million compared to $1.1 million in 2011.

The principal reason for the increase in revenue and net income for both the fourth quarter and full year was related to the acquisitions completed in 2012 for Steel Energy and the release of $15.1 million of a deferred tax valuation allowance as a result of acquired deferred tax liabilities.

…read more
Source: FULL ARTICLE at DailyFinance

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Enzo Biochem Schedules Teleconference to Discuss Second Quarter Results on March 13, 2013 at 8:30 AM

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By Business Wirevia The Motley Fool

Enzo Biochem Schedules Teleconference to Discuss Second Quarter Results on March 13, 2013 at 8:30 AM E.T.

NEW YORK–(BUSINESS WIRE)– Enzo Biochem, Inc. (NYS: ENZ) , will hold a conference call to discuss fiscal 2013 second quarter results on Wednesday, March 13, 2013, at 8:30 AM E.T.

To listen to the conference call dial 1-888-459-5609. International callers can dial 1-973-321-1024. When prompted, use PIN number 19695460. Dial in approximately ten minutes prior to the scheduled teleconference time. A rebroadcast of the call will be available starting approximately two hours after the conference call ends, through midnight (E.T.) Wednesday, March 27, 2013. The replay of the conference call can be accessed by dialing 1-800-585-8367 (International callers can dial 1-404-537-3406) and, when prompted, use the same PIN number 19695460.

Enzo’s conference call can also be accessed live over the Internet at http://phoenix.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=94391&eventID=4925179

To listen to the live call, individuals should go to the web site at least 15 minutes early to register, download and install any necessary audio software. Any pop up blocker installed on your PC should be disabled while accessing the webcast.

A press release announcing second quarter results will be distributed Tuesday, March 12, 2013 after the market close.

Enzo Biochem is engaged in the research, development and manufacture of innovative health care products based on molecular biology and genetic engineering techniques, and in providing diagnostic services to the medical community.

Except for historical information, the matters discussed in this news release may be considered “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include declarations regarding the intent, belief or current expectations of the Company and its management, including those related to cash flow, gross margins, revenues, and expenses are dependent on a number of factors outside of the control of the company including, inter alia, the markets for the Company’s products and services, costs of goods and services, other expenses, government regulations, litigations, and general business conditions. See Risk Factors in the Company’s Form 10-K for the fiscal year ended July 31, 2010. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results. The Company disclaims any obligations to update any forward-looking statement as a result of developments occurring after the date of this press release.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Baker Announces 2012 Financial Results; Declares Increased Dividend

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By Business Wirevia The Motley Fool

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Baker Announces 2012 Financial Results; Declares Increased Dividend

PITTSBURGH–(BUSINESS WIRE)– Michael Baker Corporation (NYSE MKT:BKR) today reported its financial results for the fourth quarter and the full year of 2012. In addition, the Company’s Board of Directors declared a $0.16 per share dividend for the first quarter of 2013, payable on April 3 to shareholders of record on March 18. This represents a $0.02 per share increase from the dividend paid in the fourth quarter of 2012.

The information and discussion contained in this news release pertains to Baker’s continuing operations, while the Company’s Form 10-K, which is being filed with the SEC concurrent with this announcement, presents a complete discussion of both continuing and discontinued operations.

For 2012, Baker reported net income from continuing operations of $2.1 million, or $0.22 per diluted common share, on total contract revenues of $593.4 million. This compares to net income from continuing operations of $16.8 million, or $1.80 per diluted common share, on total contract revenues of $538.4 million in 2011. The 10 percent increase in revenues was driven primarily by RBF, which was acquired at the beginning of the fourth quarter of 2011 and contributed a combined year-over-year increase of $71 million in revenues to the Company’s Transportation and Federal business segments. This increase was partially offset by decreases in work performed for the Federal Emergency Management Agency (FEMA) and the Department of Defense (DoD), compared to 2011. Transportation segment revenues increased $12.4 million, driven primarily by a period-over-period increase in work performed for the Wisconsin, Virginia and New Jersey Departments of Transportation and the addition of revenues from RBF. This increase was partially offset by decreases in services provided to the Pennsylvania and Louisiana Departments of Transportation, and decreases in work performed for the Central Texas Mobility Constructors and the New Jersey Turnpike Authority. Federal segment revenues increased $42.6 million compared to 2011, attributable primarily to the year-over-year increase in RBF‘s revenues of $57.0 million. This increase was partially offset by the aforementioned decreases in work performed for FEMA and the DoD, and a decrease in work related to Alaskan gas line development.

Income from operations for 2012 was $3.9 million compared to $24.2 million in 2011. This decline resulted mainly from a decrease in the Federal segment’s operating income due to increased costs to pursue international work, the decrease in work for FEMA, increases in amortization expenses and selling, general and administrative expenses driven primarily by the acquisition of RBF, and approximately $5.0 million in one-time costs in the fourth quarter which are described below.

The year-over-year decrease …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Winland Reports Q4 2012 and Full Year Financial Results

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By Business Wirevia The Motley Fool

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Winland Reports Q4 2012 and Full Year Financial Results

MANKATO, Minn.–(BUSINESS WIRE)– Winland Electronics, Inc. (NYSE Amex: WEX) today reported sales of Environmental Monitoring products of $946,000 for the fourth quarter ended December 31, 2012, an increase of $175,000, or 22.7 percent, from the $771,000 in the comparable period in 2011.

Net income from the quarter totaled $303,000, or $0.08 per share, versus a loss of $94,000, or $0.03 per share, in the fourth quarter of 2011. The company reported a net loss of $156,000, or $0.04 per share, from continuing operations, a result that does not include the gain on the sale of the company’s land and building, completed in the fourth quarter of 2012.

For the full-year, product sales totaled $3,713,000, up $269,000, or 7.9 percent, over 2011. Winland reported a net income of $21,000, or $0.01 per basic and diluted share, versus a $740,000 net loss, or $0.20 per basic and diluted share, for fiscal 2011.

The news release detailing the company’s fourth quarter and full year results will be available on www.winland.com at 8:00 a.m. central time, and will also be included in the Company’s Form 8-K filing with the Securities and Exchange Commission.


About Winland Electronics

Winland Electronics, Inc. (www.winland.com), is an industry leader of critical condition monitoring devices. Products including EnviroAlert, WaterBug, TempAlert, Vehicle Alert and more are designed in-house to monitor critical conditions for industries including health/medical, grocery/food service, commercial/industrial, as well as agriculture and residential. Proudly made in the USA, Winland products are compatible with any hard wire or wireless alarm system and are available through distribution worldwide. Headquartered in Mankato, MN, Winland trades on the NYSE Amex Exchange under the symbol WEX.

Winland Electronics, Inc.
Brian Lawrence, 507-625-7231
CFO & Senior Vice President
or
The Carideo Group, Inc.
Tony Carideo, 612-317-2881

KEYWORDS:   United States  North America  Minnesota

INDUSTRY KEYWORDS:

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Source: FULL ARTICLE at DailyFinance