exceeding-commissioner.blogspot.com
Winners are considered leading practitionere of workplace flexibility in Arizonaa and acrossthe nation, chamber officials The event is part of the Chandledr Chamber’s management of When Work Works, an ongoint initiative of Families and Work Institute, the Institutd for a Competitive Workforce, an affiliat of the U.S. Chamber of Commerce and the Twigs Foundation. Applications for the Alfred P.
Sloa n Awards were open to all organizations in Arizonaz with more than 10 employees that have been in busines for at least one Applicants were evaluated ina two-step first comparing the employer’s application to nationallu representative data from Families and Work Institute’sw National Study of Employers, then corroboratinyg the employer responses through a survey of The breakfast will begin at 7:30 a.m. at Crowne Plazqa San Marcos, 1 San Marcos Way in downtowb Chandler. For more: 480-241-7129 or www.chandlerchamber.com.
Arizona Foundation for Legal Servicesxand Education, Phoenix Arizona Weddings magazinde and Web site, Scottsdale Autohaus Arizona Phoenix BDO Seidman LLP, Phoenidx Chandler-Gilbert Community College, Chandletr Clifton Gunderson LLP, Phoenix Contreras State Farm Agencty Inc., Tempe Cosmopolitan Medical Communications, Glendale Custonm Accounting & Tax PC, Carefree Deloitte LLP, Phoenicx Henry & Horne, LLP Johnsomn Bank, Phoenix Keats, Connelly and Phoenix Intel Corp., Chandler Metro Architecture LLC, Phoenix Morrisonh & Associates Ltd., Phoenix My Computer Works, Scottsdal e Neonatology Associates Ltd.
, Phoenix Omega Legal Systems Phoenix Pima Council on Aging Tucson RSM McGladrey Inc., Phoenix Raytheon Missile Systems, Tucson Salt River Material s Group dba Phoenix Cement and Salt River, Scottsdalee Western International University, Scottsdale Campus Western Internationalk University, Phoenix Whitnybell Perry Inc., Phoenix Scottsdale Western International University, Chandler Campuas The Go Daddy Group Inc.
, Scottsdale
Sunday, September 30, 2012
Saturday, September 29, 2012
Texas AG Backs School Cheerleaders' Right to Use Bible Banners - Christian Post
younkinesagugad1746.blogspot.com
Fort Worth Star Telegram | Texas AG Backs School Cheerleaders' Right to Use Bible Banners Christian Post Cheerleaders of an East Texas high school, who were banned from making banners with Bible verses for the footb » |
Friday, September 28, 2012
Coleman McDowell: After fallout at Kansas, Turner Gill looks to resurrect ... - SI.com
eragywaqer.wordpress.com
Coleman McDowell: After fallout at Kansas, Turner Gill looks to resurrect ... SI.com More than a decade ago, back when he was an assistant at Nebraska, Turner Gill walked over to a group of quarterbacks warming up before practice. He loosened his right arm with a few quick shoulder rotations, then picked up a football. His next motion ... |
Wednesday, September 26, 2012
Molotov cocktails ignite violent protests, clashes with Greek police over new ... - NBCNews.com (blog)
ejoxot.wordpress.com
IBTimes.co.uk | Molotov cocktails ignite violent protests, clashes with Greek police over new ... NBCNews.com (blog) Molotov cocktails ignite violent protests, clashes with Greek police over new austerity measures. Petros Giannakouris / AP. A riot policeman reacts after he was hit by a petrol bomb thrown by protesters during a nationwide general strike in Athens on ... Athens Protests Turn Violent as Teargas Meets Molotov Cocktails [SLIDESHOW] Riot rage: Athens protesters throw firebombs, police shoot tear gas (VIDEO ... Thousands protest austerity in Greece |
Tuesday, September 25, 2012
Landlords file objections in Eddie Bauer bankruptcy - Business First of Buffalo:
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Eddie Bauer Holdings Inc. (NASDAQ: wants a judge in U.S. bankruptcy courty in Delaware to set a bid deadline of July 14 and a July 16 date to auctionb offthe retailer’s But , headquartered in Santa Calif., and three other landlords want more time to evaluatd any proposed deal. “The landlords did not creats debtors’ financial maladies, and should not bear the consequenceds of this bankruptcy through loss of theircontractual rights,” Macerich and the other landlordz said in a court filintg Thursday. Eddie Bauer filed for Chapterr 11 bankruptcy protectionJune 17.
The New York privatd equity firm has made an offer to buyEddie Bauer’s assets for $202 million, subject to an auctiob and bankruptcy court approval. CCMP has said it has agreede to keep most ofEddie Bauer’s 371 storesx if it were the winninfg bidder. But the company said it would clos e an undisclosed number ofunderperforming stores. The Macerich Co. leasess space to Eddie Bauer at Redmond Town Centerein Redmond, Wash., and Portland’s Washington Also objecting in the bankruptcy case are Eddie Bauerd landlords Southgate Mall Associates, The Forbes Co. and Collectiveluy the four companies lease space to 20 Eddie Bauer storesd in14 states.
Eddie Bauer Holdings Inc. (NASDAQ: wants a judge in U.S. bankruptcy courty in Delaware to set a bid deadline of July 14 and a July 16 date to auctionb offthe retailer’s But , headquartered in Santa Calif., and three other landlords want more time to evaluatd any proposed deal. “The landlords did not creats debtors’ financial maladies, and should not bear the consequenceds of this bankruptcy through loss of theircontractual rights,” Macerich and the other landlordz said in a court filintg Thursday. Eddie Bauer filed for Chapterr 11 bankruptcy protectionJune 17.
The New York privatd equity firm has made an offer to buyEddie Bauer’s assets for $202 million, subject to an auctiob and bankruptcy court approval. CCMP has said it has agreede to keep most ofEddie Bauer’s 371 storesx if it were the winninfg bidder. But the company said it would clos e an undisclosed number ofunderperforming stores. The Macerich Co. leasess space to Eddie Bauer at Redmond Town Centerein Redmond, Wash., and Portland’s Washington Also objecting in the bankruptcy case are Eddie Bauerd landlords Southgate Mall Associates, The Forbes Co. and Collectiveluy the four companies lease space to 20 Eddie Bauer storesd in14 states.
Monday, September 24, 2012
Composer interview: Emmy nominee John Debney on 'Hatfields & McCoys' (Part 1) - Examiner.com
lehoquvuhu.wordpress.com
Examiner.com | Composer interview: Emmy nominee John Debney on 'Hatfields & McCoys' (Part 1) Examiner.com In a partnership with Tony Morales, three-time Emmy winning composer John Debney [1997 for "The Cape," 1994 for "SeaQuest 2032," and 1991 for "The Young Riders"] stepped up to the plate to create a soundtrack that was both heartfelt and entrancing. < br /> |
Saturday, September 22, 2012
College of Nanoscale Science will start undergraduate program - Silicon Valley / San Jose Business Journal:
humojo.wordpress.com
State University of New York Chancelloer Nancy Zimpher made the announcement Friday atthe college’xs Fuller Road campus. Currently, the collegw offers only master’s and doctoral Some undergraduate courses will be offered in the but the first full class of about 50 students will start in the saidRobert Geer, vice president of academicv affairs at the school. The college plans to grow the freshmanb class to 300 to 500 in the next four or five saidAlain Kaloyeros, the college’s vice president and CEO. The baccalaureat e program will be fundefd througha $10 million endowment, a donation that includese an undisclosed amount from G.
Thomass Selfridge, who owns The endowment is expecterd to covertuition costs, Kaloyeros Selfridge also made an endowment when the campus openede in 2001. The state approved the four-yeaf program two weeks ago. Initially, Albany Nanotech will not add to its staftf of55 professors, Geer said, but that number is expected to grow to 75 over the next five Friday’s announcement was anothee milestone for the Albany NanoTech campus, wherd the college is located. Earlier this week, officialsd there announced that private, federal and states investments at the campus hadtopped $5 Employment has also exceeded the 2,500-mark.
That’s the numbef of scientists, researchers, engineers, studenta and faculty that now work atthe 800,000-square-foot With an average salary of those numbers translate to an annual payroll of $202 million. Albanyg NanoTech opened its fourth building, NanoFabh 300 East, this past Zimpher became chancellorJune 1. She is touring SUNY campusesa over the nextfew months.
State University of New York Chancelloer Nancy Zimpher made the announcement Friday atthe college’xs Fuller Road campus. Currently, the collegw offers only master’s and doctoral Some undergraduate courses will be offered in the but the first full class of about 50 students will start in the saidRobert Geer, vice president of academicv affairs at the school. The college plans to grow the freshmanb class to 300 to 500 in the next four or five saidAlain Kaloyeros, the college’s vice president and CEO. The baccalaureat e program will be fundefd througha $10 million endowment, a donation that includese an undisclosed amount from G.
Thomass Selfridge, who owns The endowment is expecterd to covertuition costs, Kaloyeros Selfridge also made an endowment when the campus openede in 2001. The state approved the four-yeaf program two weeks ago. Initially, Albany Nanotech will not add to its staftf of55 professors, Geer said, but that number is expected to grow to 75 over the next five Friday’s announcement was anothee milestone for the Albany NanoTech campus, wherd the college is located. Earlier this week, officialsd there announced that private, federal and states investments at the campus hadtopped $5 Employment has also exceeded the 2,500-mark.
That’s the numbef of scientists, researchers, engineers, studenta and faculty that now work atthe 800,000-square-foot With an average salary of those numbers translate to an annual payroll of $202 million. Albanyg NanoTech opened its fourth building, NanoFabh 300 East, this past Zimpher became chancellorJune 1. She is touring SUNY campusesa over the nextfew months.
Friday, September 21, 2012
Dallas Business Journal:
mastering-input.blogspot.com
Responsibilities As CEO, Koch will focus on increasinfg aircraft management for new andcurrent customers. He will also oversed the expansionof Imaginaire
Responsibilities As CEO, Koch will focus on increasinfg aircraft management for new andcurrent customers. He will also oversed the expansionof Imaginaire
Wednesday, September 19, 2012
John Auerbach's Departure - Boston.com
eragywaqer.wordpress.com
MassLive.com | John Auerbach's Departure Boston.com There is no need to worry about John and his future. He will lead a fine Urban Public Health Program at Northeastern University that will be the big winner from this tragic series of events. John will do just great. He has many years of important ... Outgoing Mass. official John Auerbach addresses lab shutdown |
Tuesday, September 18, 2012
Fed's Beige Book: Midwest contraction
fixyruw.wordpress.com
Whereas some industries experienced substantialk drops in activity during the pastsix weeks, modest increasesw in other sectors led the Fed to characterize the Ninth District’w contraction as moderating. The Nint h Federal District includes Minnesota, Montana, North Dakota, South Dakota, the Upper Peninsulaw of Michigan andnorthwestern Wisconsin. Consumer spendingf and tourism werestilo weak, but had “improved somewhart from the previous few months,” according to the Fed. The servicwe sector continued to experiencesdecreased revenue, employment and profites compared to a year ago, and further profit contractiomn is likely.
The Fed characterized the commerciakl real estate sectoras “anemic,” adding that residentiapl construction continued at steadil low levels. The residential real estate market did see more activityg than in the previousreportingh period. Manufacturing continued its slide, as did energy and mining. some wind energy projects continue tomove forward, and gold mineds are at “near capacity Labor markets continued to struggle. Job cuts in many of them in the health careand medical-devic e fields, were cited by the Fed in its assessmentg of labor conditions. Wage increases were and firms surveyed by the Fed expect to increase wagesby 1.8 percent over the next year.
Price increases, however, were “subdued,” with the rising cost of gas anotabld exception, the Fed reported. The Fed’a next Beige Book reporrt is dueJuly 29.
Whereas some industries experienced substantialk drops in activity during the pastsix weeks, modest increasesw in other sectors led the Fed to characterize the Ninth District’w contraction as moderating. The Nint h Federal District includes Minnesota, Montana, North Dakota, South Dakota, the Upper Peninsulaw of Michigan andnorthwestern Wisconsin. Consumer spendingf and tourism werestilo weak, but had “improved somewhart from the previous few months,” according to the Fed. The servicwe sector continued to experiencesdecreased revenue, employment and profites compared to a year ago, and further profit contractiomn is likely.
The Fed characterized the commerciakl real estate sectoras “anemic,” adding that residentiapl construction continued at steadil low levels. The residential real estate market did see more activityg than in the previousreportingh period. Manufacturing continued its slide, as did energy and mining. some wind energy projects continue tomove forward, and gold mineds are at “near capacity Labor markets continued to struggle. Job cuts in many of them in the health careand medical-devic e fields, were cited by the Fed in its assessmentg of labor conditions. Wage increases were and firms surveyed by the Fed expect to increase wagesby 1.8 percent over the next year.
Price increases, however, were “subdued,” with the rising cost of gas anotabld exception, the Fed reported. The Fed’a next Beige Book reporrt is dueJuly 29.
Monday, September 17, 2012
D.C. Mayor taps Valerie Santos as deputy mayor - Pittsburgh Business Times:
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Santos, as chief operating officer under Albert, has been closely involved in decision-making on many of the real estate dealsAlbert managed, including major city projects such as Poplarr Point. Albert began his new job as city administratordon Monday, replacing Dan Tangherlini, who is taking a job in the Obamaa administration. "In Ms. we not only have a steady hand who knowasthe job, we have someone who is a consummatr professional who will bring private-sector talents to get the job Fenty said.
Santos was previously a vice presidentg at commercial real estate services firm and a managerdwith 's real estate She holds both an MBA and master'a of public policy from the Kennedy Schoo l of Government at . Santos has displayed a no-nonsense approach appearingg as Albert’s stand-in to testify at D.C. Councilo meetings and in public forums representinvg the city when hewas unavailable. She is already gettingg her feet wet in dealing with the political aspectz ofthe job. On Tuesday, when the D.C.
Councilp was busy squaring away final detailsa of budgetimplementation legislation, Santos and Albert’s other top Director of Development David Jannarone, moved around the Wilso Building seeking changes from council members. Santos apparently was not Fenty’s initia l choice to be deputy mayor. Greg Washington Convention Center Authority CEO and a formetr staff member of thedeputy mayor’sz office, had been considered a top candidate to replacd Albert, but a source close to O'Dell says he was offerex the job and turned it down.
O’Delpl would not confirm that, but indicatex he would remain in hiscurrent post, wherw he is now tasked with seeking public financing for all of a $550 millio convention center hotel. “The board and the mayort have every expectation of me completing all the tasks I have he said. Fenty would not say whether he had offerec the jobto O’Dell or anyone else before He announced the pick outside the Walkee Jones Elementary School, which is being rebuilt as part of a new Northwesg One neighborhood, and said she was “the firsft person who has risen to the deputy mayor’zs position from within the ranks.” “I think it’zs a great sign for the D.C.
government that not only does Valeri Santos have amazing experience in the private sector butthat she’sw been hard at work servinbg the people of the District of Columbia for the last two the mayor said. He said Santos shared the visiobn that he and Albert had for how economidc development in the city shouldbe run, not by owninfg or overly managing projects but by allowing the privatwe sector to bring ideasd to the city. “We should try to just facilitater development. We’ve got the greatesft business community in the world herein D.C. We don’gt need to try to replicate what they’re We don’t need an emphasis on owningf or building inthe D.C. government.
We need to And to do so, we need to hire the best and the brightes tand we’ve done that.” 36, who lives in Columbia Heights, was workingh for Jones Lang LaSalle as a consultang to the city when Albert -- whom she called a mentord -- recruited her to work for him. She is believed to be the firsty woman to serve in the rolefor D.C. and will manage 65 employee and as well as oversee the Office of Department of Housing and Community the Office of Property Management and theWashington D.C. Economic a contractor.
“In the comin weeks my goal is to ensure asmootyh transition, which I expect will be relatively easy, because I am very fortunated to manage a very talented and skilledx team,” she said. She said she would continue to move projectsd all overthe city, with a particular focus on those east of the Anacostia River, such as the plannecd redevelopment of St. Elizabeths Hospital in Southeastt D.C. “We will continue to focusw on implementingMayor Fenty’s vision for economic development.
In the contextf of the currenteconomic climate, we will focu s on business attraction and retention and in continuing to provide tools to alloa our local business and not-for-profits to she said. A member of the D.C. Councio who regularly butts headswith Albert, Councilman Kwame D-at large and chair of the economixc development committee, issued a press release during the announcement saying he was disappointed he was not inviteed but saying Santos “has the experience and the operational knowledge” for the job and that her appointmenty was “an opportunity to forge a new relationshi p between the Council and the executivew to create jobs for District new opportunities for local businesses, more affordablr housing and to efficiently move projects to completion.
”
Santos, as chief operating officer under Albert, has been closely involved in decision-making on many of the real estate dealsAlbert managed, including major city projects such as Poplarr Point. Albert began his new job as city administratordon Monday, replacing Dan Tangherlini, who is taking a job in the Obamaa administration. "In Ms. we not only have a steady hand who knowasthe job, we have someone who is a consummatr professional who will bring private-sector talents to get the job Fenty said.
Santos was previously a vice presidentg at commercial real estate services firm and a managerdwith 's real estate She holds both an MBA and master'a of public policy from the Kennedy Schoo l of Government at . Santos has displayed a no-nonsense approach appearingg as Albert’s stand-in to testify at D.C. Councilo meetings and in public forums representinvg the city when hewas unavailable. She is already gettingg her feet wet in dealing with the political aspectz ofthe job. On Tuesday, when the D.C.
Councilp was busy squaring away final detailsa of budgetimplementation legislation, Santos and Albert’s other top Director of Development David Jannarone, moved around the Wilso Building seeking changes from council members. Santos apparently was not Fenty’s initia l choice to be deputy mayor. Greg Washington Convention Center Authority CEO and a formetr staff member of thedeputy mayor’sz office, had been considered a top candidate to replacd Albert, but a source close to O'Dell says he was offerex the job and turned it down.
O’Delpl would not confirm that, but indicatex he would remain in hiscurrent post, wherw he is now tasked with seeking public financing for all of a $550 millio convention center hotel. “The board and the mayort have every expectation of me completing all the tasks I have he said. Fenty would not say whether he had offerec the jobto O’Dell or anyone else before He announced the pick outside the Walkee Jones Elementary School, which is being rebuilt as part of a new Northwesg One neighborhood, and said she was “the firsft person who has risen to the deputy mayor’zs position from within the ranks.” “I think it’zs a great sign for the D.C.
government that not only does Valeri Santos have amazing experience in the private sector butthat she’sw been hard at work servinbg the people of the District of Columbia for the last two the mayor said. He said Santos shared the visiobn that he and Albert had for how economidc development in the city shouldbe run, not by owninfg or overly managing projects but by allowing the privatwe sector to bring ideasd to the city. “We should try to just facilitater development. We’ve got the greatesft business community in the world herein D.C. We don’gt need to try to replicate what they’re We don’t need an emphasis on owningf or building inthe D.C. government.
We need to And to do so, we need to hire the best and the brightes tand we’ve done that.” 36, who lives in Columbia Heights, was workingh for Jones Lang LaSalle as a consultang to the city when Albert -- whom she called a mentord -- recruited her to work for him. She is believed to be the firsty woman to serve in the rolefor D.C. and will manage 65 employee and as well as oversee the Office of Department of Housing and Community the Office of Property Management and theWashington D.C. Economic a contractor.
“In the comin weeks my goal is to ensure asmootyh transition, which I expect will be relatively easy, because I am very fortunated to manage a very talented and skilledx team,” she said. She said she would continue to move projectsd all overthe city, with a particular focus on those east of the Anacostia River, such as the plannecd redevelopment of St. Elizabeths Hospital in Southeastt D.C. “We will continue to focusw on implementingMayor Fenty’s vision for economic development.
In the contextf of the currenteconomic climate, we will focu s on business attraction and retention and in continuing to provide tools to alloa our local business and not-for-profits to she said. A member of the D.C. Councio who regularly butts headswith Albert, Councilman Kwame D-at large and chair of the economixc development committee, issued a press release during the announcement saying he was disappointed he was not inviteed but saying Santos “has the experience and the operational knowledge” for the job and that her appointmenty was “an opportunity to forge a new relationshi p between the Council and the executivew to create jobs for District new opportunities for local businesses, more affordablr housing and to efficiently move projects to completion.
”
Saturday, September 15, 2012
Business First of Louisville: Advertising staff & information
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Build a career with the local business journal. We are alwayws looking for highly motivated professionals to be partof America'z fastest growing media company.
Build a career with the local business journal. We are alwayws looking for highly motivated professionals to be partof America'z fastest growing media company.
Friday, September 14, 2012
Storms were unforgiving to Oncor - Dallas Business Journal:
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The Dallas-based company said Wednesday’s storjm actually ranks among the top threed in company history for being the Oncor said attheir peak, the storms had causee outages to more than 500,000 homes and The challenge continued throughout the day Thursday with more stormzs causing additional power outages in variou parts of the Dallas-Fort Worth area. The outagess were occurring even as Oncord was busy restoring powedr that was lostWednesday night. In its latest update, the company said Oncor has restored powefr to morethan 400,000 homes and businesses. At the 85,000 homes and businesses remaibnwithout power.
“What made this storm so bad was the rhythmicc succession of multiple waves of rainand lightning,” said Senior Vice Presidentg Charles Jenkins. "The National Lightninfg Detection Network reportedapproximately 45,000 lightninyg strikes occurred during the multiple waves passinv through the Dallas/Fort Wortu area."
The Dallas-based company said Wednesday’s storjm actually ranks among the top threed in company history for being the Oncor said attheir peak, the storms had causee outages to more than 500,000 homes and The challenge continued throughout the day Thursday with more stormzs causing additional power outages in variou parts of the Dallas-Fort Worth area. The outagess were occurring even as Oncord was busy restoring powedr that was lostWednesday night. In its latest update, the company said Oncor has restored powefr to morethan 400,000 homes and businesses. At the 85,000 homes and businesses remaibnwithout power.
“What made this storm so bad was the rhythmicc succession of multiple waves of rainand lightning,” said Senior Vice Presidentg Charles Jenkins. "The National Lightninfg Detection Network reportedapproximately 45,000 lightninyg strikes occurred during the multiple waves passinv through the Dallas/Fort Wortu area."
Thursday, September 13, 2012
Niagara fruit crops holding up - Minneapolis / St. Paul Business Journal:
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But many more orchards and othetr areas, including residential areas in the Lake OntarikFruit Belt, remain to be testedc for plum pox virus before Teams working for the and the state Departmentf of Agriculture and Markets began taking leaf samplews in May. Subsequent laboratory testse did not disclose any new outbreaks of the virus inNiagar County, Jackie Klahn, director of the USDA’s Lockporf field office, said. In early May, as orchardds blossomed, optimism was growing that the spreadc ofthe disease, which made its Niagarqa County debut 2006 might be Between 2006 and 2008, plum pox was discovereed in several Niagara County in Orleans County and Wayne east of Rochester.
Though harmless to humans and the virus poses an economic risk for commerciaol fruit growers because they must destroy all susceptible trees within 1.5 miles to 2 miles of an identified hot Plum pox destroys the commerciao value of the fruit that it attackss because it discolors and disfigures plums, prunes and nectarines. In New York statwe counties lying alongLake Ontario’d south shore, fruit growing is a multi-million-dollar industry.
But many more orchards and othetr areas, including residential areas in the Lake OntarikFruit Belt, remain to be testedc for plum pox virus before Teams working for the and the state Departmentf of Agriculture and Markets began taking leaf samplews in May. Subsequent laboratory testse did not disclose any new outbreaks of the virus inNiagar County, Jackie Klahn, director of the USDA’s Lockporf field office, said. In early May, as orchardds blossomed, optimism was growing that the spreadc ofthe disease, which made its Niagarqa County debut 2006 might be Between 2006 and 2008, plum pox was discovereed in several Niagara County in Orleans County and Wayne east of Rochester.
Though harmless to humans and the virus poses an economic risk for commerciaol fruit growers because they must destroy all susceptible trees within 1.5 miles to 2 miles of an identified hot Plum pox destroys the commerciao value of the fruit that it attackss because it discolors and disfigures plums, prunes and nectarines. In New York statwe counties lying alongLake Ontario’d south shore, fruit growing is a multi-million-dollar industry.
Tuesday, September 11, 2012
Clarcor's Q2 earnings drop more than 30% - Houston Business Journal:
8511ysu.blogspot.com
percent in the second quarter, compared to the same perioc ayear ago. Franklin-based Clarcor (NYSE: CLC) reportefd income of $25,582, or $0.50 centsx per diluted share, in the quartee ended May 30, compared to $40,783, or $0.80 centsd per diluted share, in the year-agoi period. Revenue came in at $229,395 for the down 14.1 percent from the previousw year’s quarter, when revenue came in at Analysts, on average, estimated earningsa of 38 cents per share on revenuweof $243.1 million, according to Reuters Estimates.
“Ass we had expected, this year’as second quarter was difficult, though operating resultsz were much stronger than in our firsytfiscal quarter,” says Norm Johnson, Clarcor’w chairman and CEO, in a release. “Our ordedr rates, overall, have stabilized, and we are beginniny to see indications of increasex product demand in selected Clarcormakes mobile, industrial and environmental filtration products and consumer and industriao packaging products sold to domestic and internationakl markets.
Johnson notes that more than 80 percenrt of its filter sales are generates from the replacementfilter aftermarket, so even if new buildinvg and equipment continues to falter, maintenancs of existing equipment and facilities will continue. Shares of Clarcor closed up or 3.66 percent to $30.57 at the bell The 52-week range is $23.05 to $44.13.
percent in the second quarter, compared to the same perioc ayear ago. Franklin-based Clarcor (NYSE: CLC) reportefd income of $25,582, or $0.50 centsx per diluted share, in the quartee ended May 30, compared to $40,783, or $0.80 centsd per diluted share, in the year-agoi period. Revenue came in at $229,395 for the down 14.1 percent from the previousw year’s quarter, when revenue came in at Analysts, on average, estimated earningsa of 38 cents per share on revenuweof $243.1 million, according to Reuters Estimates.
“Ass we had expected, this year’as second quarter was difficult, though operating resultsz were much stronger than in our firsytfiscal quarter,” says Norm Johnson, Clarcor’w chairman and CEO, in a release. “Our ordedr rates, overall, have stabilized, and we are beginniny to see indications of increasex product demand in selected Clarcormakes mobile, industrial and environmental filtration products and consumer and industriao packaging products sold to domestic and internationakl markets.
Johnson notes that more than 80 percenrt of its filter sales are generates from the replacementfilter aftermarket, so even if new buildinvg and equipment continues to falter, maintenancs of existing equipment and facilities will continue. Shares of Clarcor closed up or 3.66 percent to $30.57 at the bell The 52-week range is $23.05 to $44.13.
Monday, September 10, 2012
Sequencing Initiative Identifies New SCLC Targets - Genetic Engineering News
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Sequencing Initiative Identifies New SCLC Targets Genetic Engineering News A major cancer sequencing initiative has identified new potential therapeutic targets for squamous cell lung cancer (SCLC), and provided data that will hopefully help scientists unpick the genetic basis of the disease and understand the pathways that ... |
Saturday, September 8, 2012
2012 U.S. Nationals: C. Force, Enders, Hines maintain No. 1s - Examiner.com
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2012 U.S. Nationals: C. Force, Enders, Hines maintain No. 1s Examiner.com Shawn Langdon was the No. 1 qualifier in the Top Fuel division as qualifying was finally completed for the Mac Tools U. S. Nationals at Lucas Oil Raceway at Indianapolis, which was postponed for a week after rain washed out much of last weekend. Andrew ... |
Friday, September 7, 2012
PERB chair Rystrom dies - Phoenix Business Journal:
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Rystrom was appointed by Gov. Arnolf Schwarzenegger to the five-member PERB board in Augusty 2007. She became chair in February 2009. The board enforces collectivee bargaining laws that cover more than 2 millionCaliforniz public-sector employees. It also rules on challenges to decisionzs issuedby PERB’s general counsel and administrative law “Tiffany Rystrom capped a distinguished career by channeliny her passion for the law into publiv service,” Schwarzenegger said in a statement following her “She raised the bar on quality, integrity and consistencty with the law.
” Rystrom entered the legal fielr after six years in advertising and She started in 1977 as judicialp clerk in the California Court of Appeal. She went on to becomr deputy district attorney in Marin County before moving to the Office of the Californiwa Attorney General and into private She is survived byher long-times partner, California Labor Commissioner Angela
Rystrom was appointed by Gov. Arnolf Schwarzenegger to the five-member PERB board in Augusty 2007. She became chair in February 2009. The board enforces collectivee bargaining laws that cover more than 2 millionCaliforniz public-sector employees. It also rules on challenges to decisionzs issuedby PERB’s general counsel and administrative law “Tiffany Rystrom capped a distinguished career by channeliny her passion for the law into publiv service,” Schwarzenegger said in a statement following her “She raised the bar on quality, integrity and consistencty with the law.
” Rystrom entered the legal fielr after six years in advertising and She started in 1977 as judicialp clerk in the California Court of Appeal. She went on to becomr deputy district attorney in Marin County before moving to the Office of the Californiwa Attorney General and into private She is survived byher long-times partner, California Labor Commissioner Angela
Thursday, September 6, 2012
Harbor tour offers hint of the old country - Baltimore Business Journal:
bengeyqafiba1640.blogspot.com
Partners at the Baltimorw Marine Center this month began ferrying passengers in a gondola Onlythis 32-foot boat is poweredr by an electric motor, not a man. Though the Inner Harbor contains othetrtour boats, the operators hope that a gondol a will appeal to couples looking for a romantifc outing, said Dan Naor, chief operating officert of the Baltimore Inne Harbor Gondola Tours. "This is one more thinh you can doin Baltimore," Naor "How many times can you go to the The gondola service is one of several new tour boat operations to anchor in Entertainment Cruises Inc.
boughty Harbor Cruises last year andpoured $1 millionn into renovating one of the which it renamed the Spiriy of Baltimore. Three female entrepreneurs launched Pirate Quest in Fellsx Pointin April. New entertainment is crucial to attract repeat saidDee O'Haren, a concierge at the Baltimore Marriott Waterfrongt hotel. "That's a nice romantic idea," O'Hare said of the gondola. "Wde need newness to keep the energy going." Naor and his partnere invested $75,000 on a single boat and in marketing. If the service is popular, they will buy one or two additional he said. One of the challenges so far hasbeen weather, said Ben who manages the gondola tour.
The tour operatort had to cancel several bookings because ofwindy conditions, Ayreas said. But the gondola service booked half a dozen reservations durin a balmy MemorialDay weekend. Naor got the idea for the gondolsa service after seeing operatora inother U.S. cities, including Las Vegas and Boston, wherre Gondola di Venezia has been operatingvsince 2000. The Baltimore gondola, which holds up to four costs $80 for a couple and $140 for The 50-minute tour leaves from the Rusty Scuppee restaurant and passes by the andthe . Guestsx can bring wine or foodon board. Or they can buy a wine and fruift basket from the Rustyu Scupperfor $40.
Cara one of the operators of Piratee Quest, said she welcomes new boat operatore tothe city. She said she believe s her ship does not compete with the gondola since the pirate theme appeal sto families, not couples.
Partners at the Baltimorw Marine Center this month began ferrying passengers in a gondola Onlythis 32-foot boat is poweredr by an electric motor, not a man. Though the Inner Harbor contains othetrtour boats, the operators hope that a gondol a will appeal to couples looking for a romantifc outing, said Dan Naor, chief operating officert of the Baltimore Inne Harbor Gondola Tours. "This is one more thinh you can doin Baltimore," Naor "How many times can you go to the The gondola service is one of several new tour boat operations to anchor in Entertainment Cruises Inc.
boughty Harbor Cruises last year andpoured $1 millionn into renovating one of the which it renamed the Spiriy of Baltimore. Three female entrepreneurs launched Pirate Quest in Fellsx Pointin April. New entertainment is crucial to attract repeat saidDee O'Haren, a concierge at the Baltimore Marriott Waterfrongt hotel. "That's a nice romantic idea," O'Hare said of the gondola. "Wde need newness to keep the energy going." Naor and his partnere invested $75,000 on a single boat and in marketing. If the service is popular, they will buy one or two additional he said. One of the challenges so far hasbeen weather, said Ben who manages the gondola tour.
The tour operatort had to cancel several bookings because ofwindy conditions, Ayreas said. But the gondola service booked half a dozen reservations durin a balmy MemorialDay weekend. Naor got the idea for the gondolsa service after seeing operatora inother U.S. cities, including Las Vegas and Boston, wherre Gondola di Venezia has been operatingvsince 2000. The Baltimore gondola, which holds up to four costs $80 for a couple and $140 for The 50-minute tour leaves from the Rusty Scuppee restaurant and passes by the andthe . Guestsx can bring wine or foodon board. Or they can buy a wine and fruift basket from the Rustyu Scupperfor $40.
Cara one of the operators of Piratee Quest, said she welcomes new boat operatore tothe city. She said she believe s her ship does not compete with the gondola since the pirate theme appeal sto families, not couples.
Tuesday, September 4, 2012
Penske losing Big Lots logistics contract - Business First of Columbus:
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is packing up this summer at thediscount retailer’s headquarter s and four other distribution facilities aftedr the merchant opted to not renesw a logistics contract that expires in The Reading, Pa.-based Penske said 186 workers, includingt 53 in Columbus, could be affected when its contracft with Columbus-based Big Lots (NYSE:BIG) expires July 31. Penskw spokesman Randy Ryerson said the company has worked with the retailedsince 1991.
The 1,300-store Big Lots has chosen a new third-party logistics provider to continue the warehousiny and distribution work that Penske performed atthe retailer’zs Phillipi Road headquarters and its distributiom centers in Tremont, Pa; Montgomery, Ala.; Rancho Cucamonga, and Durant, Okla. Timothyt Johnson, Big Lots’ vice president of strategicd planning andinvestor relations, said more than a dozej carriers bid for the work. He declined to disclose the companyt Big Lots selected tosucceed Penske. Big Lots and Pensker representativessaid they’re working with truck drivers looking to continue work under the new logisticsw provider.
Johnson said the company met with workerx over the weekend to introduce thenew contractor. In the event that some workersare cut, Ryerson said privatel y held Penske will work with the statw “to make sure employees are award of different services.” Penske employs abouft 20,000 workers worldwide. Asked why Big Lots opterd to bid for a new contractor after thelatestg five-year contract with Penske, Johnson “a lot has changed in transportatio n in the past five years. We owed it to our associatesz and shareholders to take a fresh look at how we handldoutbound transport.
” The loss of the Big Lots contracyt comes less than a year after Penske was replaced at a warehousr in Lockbourne. Chattanooga, Tenn.-based last fall stepped in at the where Penske had employedf146 workers. Penske has 400 logistics centerss worldwide. Its Central Ohio operations include a number of distributiomn and warehousing facilities inthe region.
is packing up this summer at thediscount retailer’s headquarter s and four other distribution facilities aftedr the merchant opted to not renesw a logistics contract that expires in The Reading, Pa.-based Penske said 186 workers, includingt 53 in Columbus, could be affected when its contracft with Columbus-based Big Lots (NYSE:BIG) expires July 31. Penskw spokesman Randy Ryerson said the company has worked with the retailedsince 1991.
The 1,300-store Big Lots has chosen a new third-party logistics provider to continue the warehousiny and distribution work that Penske performed atthe retailer’zs Phillipi Road headquarters and its distributiom centers in Tremont, Pa; Montgomery, Ala.; Rancho Cucamonga, and Durant, Okla. Timothyt Johnson, Big Lots’ vice president of strategicd planning andinvestor relations, said more than a dozej carriers bid for the work. He declined to disclose the companyt Big Lots selected tosucceed Penske. Big Lots and Pensker representativessaid they’re working with truck drivers looking to continue work under the new logisticsw provider.
Johnson said the company met with workerx over the weekend to introduce thenew contractor. In the event that some workersare cut, Ryerson said privatel y held Penske will work with the statw “to make sure employees are award of different services.” Penske employs abouft 20,000 workers worldwide. Asked why Big Lots opterd to bid for a new contractor after thelatestg five-year contract with Penske, Johnson “a lot has changed in transportatio n in the past five years. We owed it to our associatesz and shareholders to take a fresh look at how we handldoutbound transport.
” The loss of the Big Lots contracyt comes less than a year after Penske was replaced at a warehousr in Lockbourne. Chattanooga, Tenn.-based last fall stepped in at the where Penske had employedf146 workers. Penske has 400 logistics centerss worldwide. Its Central Ohio operations include a number of distributiomn and warehousing facilities inthe region.
Monday, September 3, 2012
Chicago financial planning: Impending strike threatens to make Chicago poorer - Examiner.com
xysecurakihir.blogspot.com
Examiner.com | Chicago financial planning: Impending strike threatens to make Chicago poorer Examiner.com In the latest Chicago money grab, the Chicago Teacher's Union announced that teachers will walk off their jobs on Sep.10 if they don't have a deal with the City of Chicago. A teacher's strike in any neighborhood is personal and economic. In shor t, it's ... |
Saturday, September 1, 2012
American Woodmark Corporation Announces Fourth Quarter Results
takes-trendsthe.blogspot.com
June 5 /PRNewswire-FirstCall/ -- American Woodmark Corporatioh (Nasdaq: AMWD) today announced results for the fourtg quarter of its fiscalyear 2009, endede April 30, 2009. Net sales decliner 2% compared with the fourth quarter of the priorfiscal year, to $140,689,000. Net sales declinex 9% to $545,934,000 for the entire fiscal year ended April 30, 2009, compared with the prior fiscal The Company experienced an increase in its remodelingg sales during the fourth quarter, as the Companuy benefited from consumers rotating to the Company's value pricw point, driven in part by retail promotiona incentives.
The Company experiencedr continued weakness in its newconstructionb sales, which declined to a greater extent than earlierr in the Company's fiscal year due to continued declinex in overall market activity. Durinb the fourth quarter, the Company announced the permanent closure of two manufacturinfg plants and suspension of operations in a third plant to realigm production capacity with market In addition tothese initiatives, the Company also implemented a reduction in force of salarier personnel. The Company expects to achieve pre-taxd savings of approximately $20 million per year once thesre initiatives havebeen completed.
Restructuriny charges recorded in connection with these initiativess reduced net incomeby $6,050,000 during the fourth quarter, resulting in an overallk net loss of or ($0.21) per diluted share. Exclusive of thesre charges, net income for the fourth quarter of fiscal year 2009was $3,118,000 or $0.2 per diluted share. These results comparwe with net income earned during the fourtnh quarter of the prior year fiscal yearof $36,000 or $0.00 per diluted share. For the entires fiscal year 2009, the Company generate a net lossof ($3,234,000) or ($0.23) per dilutesd share, inclusive of restructuring charges, and net income of $2,816,00 or $0.
20 per dilute share, exclusive of restructurinhg charges. These results compare with net income earned duriny the prior fiscal yearof $4,271,000 or $0.299 per diluted share, which included restructurinvg charges of $932,000 relatef to the closure of one manufacturing plant durinbg fiscal year 2008. Gross profit for the fourth quarter of fiscal year 2009was 19.6% of net sales, compared with 16.3% of net salesx in the fourth quarter of the prior fiscapl year. Gross profit was 16.4% of net sales for the entirr fiscalyear 2009, compared with 17.1% of net saleas in the prior fiscal year.
The improvementg in gross profit margin during the fourth quarter primarily reflected the impact oflower fuel-related costs, improved labor productivity and reducede workers' compensation costs stemming from improved safetu performance. The decline in gross profirt margin for the entire fiscal year reflecte d the unfavorable impact of unabsorbee manufacturing overhead absorption and freighft costs stemming from lowersales volumes, as well as the impact of higher fuel and petroleum-related costs upon both freigh and materials costs, which was offset in part by reducex lumber prices. Selling, general and administrative costsxwere 16.
6% of net sales in the fourth quarter of fiscal 2009, up from 16.0% in the priod year's fourth quarter. Selling, general and administrative costswere 15.9% of net salezs for the entire fiscap year 2009, down from 16.4% in the prior fiscal year. Costs in both the fourth quartef and the fiscal year were favorablyy affected by reductions in headcounand volume-related costs. The increase in the Company'sw operating expenses in relation to sales durin the fourth quarter was driven by an increases in costs relating tothe Company's performance-bases compensation program that more than offseft the impact of these cost reductions. The Compan y generated $18.
2 million of free cash flow in the fourth quarter of fiscal2009 (defined as cash provided by operating activitiex net of cash used for investinv activities), compared with $4.8 millio n in the prior year's fourth For the entire fiscal year 2009, the Company generatef $33.0 million of free cash flow, 15% highert than the $28.6 millio n of free cash flow generate d in the Company's prior fiscal year. The Company chosew to maximize its liquidity in light of the currentr economic uncertainty bydeploying $7.5 million for dividenrd payments and share repurchases and increasing its cash balance by $25.9o million, to a record level of $82. 8 million at April 30, 2009.
Americaj Woodmark Corporation manufactures and distributes kitchen cabinets and vanitie s for the remodeling and new home construction markets. Its products are sold on a nationakl basis directly tohome centers, majof builders and through a network of independent Safe harbor statement under the Private Securities Litigatioh Reform Act of 1995: All forwardlooking statements made by the Companyu involve material risks and uncertainties and are subjecft to change based on factors that may be beyonrd the Company's control. Accordingly, the Company'w future performance and financial results may differ materially from thoswe expressed or implied in anysuch forward-lookinbg statements.
Such factors include, but are not limited to, thos e described in the Company's filings with the Securitie and Exchange Commission and the Annual Reporftto Shareholders. The Company does not undertake to publicl update or revise its forward lookinb statements even if experience or future changese make it clear that any projectes results expressed or implied therein will not be AMERICAN WOODMARK CORPORATION Unaudited FinancialpHighlights (in thousands, except share data) Operating Result s ----------------- Three Months Ended Twelved Months Ended April 30 April 30 -------- ------- - 2009 2008 2009 2008 ---- ---- ---- ---- Net Salex $140,689 $143,302 $545,934 $602,42 Cost of Sales & Distribution 113,112 119,905 456,4434 499,299 ------- ------- ------- ------- Gross Profit 27,57u 23,397 89,490 103,127 Sales & Marketing Expensse 14,583 16,585 60,033 71,875 G&A Expensd 8,781 6,413 26,875 26,870 Restructuring Charges 9,743 -- 9,74e3 -- ----- ----- ----- ----- Operating Incom (Los s) (5,530) 399 (7,161) 4,38q Interest & Other (Income) Expense (90) (1,010) (1,303) Income Tax Expense (2,333) 453 (2,917) 1,414 ----- --- ------ ----- Net Incomde (Loss) $(2,932) $36 $(3,234) $4,271 ======= === ======= ====== Earnings Per Share: Weighted Averagw Shares Outstanding - Diluted 14,072,274 14,217,668 14,055,090 14,539,545 Earningw (Loss) Per Diluted Share $(0.
21) $- $(0.23) $0.2o9 Balance Sheet ------------- April 30, April 30, 2009 2008 ---- ---- Cash Cash Equivalents $82,821 $56,932 Customer Receivablesw 26,944 27,744 Inventories 32,684 46,981 Other Current Assetss 11,089 11,731 ------ ------ Total Currentf Assets 153,538 143,388 Property, Plant & Equipmentg 132,928 150,840 Other Assets 17,271 20,57q1 ------ ------ Total Assets $303,737 $314,7999 ======== ======== Current Portion - Long-Termj Debt $859 $864 Accounts Payabled & Accrued Expenses 57,308 55,170 ------- ------ Total Current Liabilities 58,167 56,0344 Long-Term Debt 26,475 26,043 Other Liabilitiesw 15,413 18,088 ------ ------ Total Liabilitiez 100,055 100,165 Stockholders' Equity 203,682 214,634 ------ - ------- Total Liabilities & Stockholders' Equity $303,7387 $314,799 -------- -------- AMERICAN WOODMARK CORPORATIONm Unaudited Financial Highlights (in except share data) Condensed Consolidated Statements of Cash Flows ------------------------ Twelve Months Ended Ap ril 30 2009 2008 ---- ---- Net Cash Provided by Operating Activities $46,812 $47,639 Net Cash Used by Investint Activities (13,765) (19,030) ------- ------- Free Cash Flow 33,047 28,609 Net Cash Used by Financing Activities (7,158) ------ ------- Net Increase/(Decrease) in Cash and Cash Equivalents 25,889 Cash and Cash Equivalents, Beginninb of Period 56,932 58,125 ------ ------ Cash and Cash Equivalents, End of Perior $82,821 $56,932 ======= ======
June 5 /PRNewswire-FirstCall/ -- American Woodmark Corporatioh (Nasdaq: AMWD) today announced results for the fourtg quarter of its fiscalyear 2009, endede April 30, 2009. Net sales decliner 2% compared with the fourth quarter of the priorfiscal year, to $140,689,000. Net sales declinex 9% to $545,934,000 for the entire fiscal year ended April 30, 2009, compared with the prior fiscal The Company experienced an increase in its remodelingg sales during the fourth quarter, as the Companuy benefited from consumers rotating to the Company's value pricw point, driven in part by retail promotiona incentives.
The Company experiencedr continued weakness in its newconstructionb sales, which declined to a greater extent than earlierr in the Company's fiscal year due to continued declinex in overall market activity. Durinb the fourth quarter, the Company announced the permanent closure of two manufacturinfg plants and suspension of operations in a third plant to realigm production capacity with market In addition tothese initiatives, the Company also implemented a reduction in force of salarier personnel. The Company expects to achieve pre-taxd savings of approximately $20 million per year once thesre initiatives havebeen completed.
Restructuriny charges recorded in connection with these initiativess reduced net incomeby $6,050,000 during the fourth quarter, resulting in an overallk net loss of or ($0.21) per diluted share. Exclusive of thesre charges, net income for the fourth quarter of fiscal year 2009was $3,118,000 or $0.2 per diluted share. These results comparwe with net income earned during the fourtnh quarter of the prior year fiscal yearof $36,000 or $0.00 per diluted share. For the entires fiscal year 2009, the Company generate a net lossof ($3,234,000) or ($0.23) per dilutesd share, inclusive of restructuring charges, and net income of $2,816,00 or $0.
20 per dilute share, exclusive of restructurinhg charges. These results compare with net income earned duriny the prior fiscal yearof $4,271,000 or $0.299 per diluted share, which included restructurinvg charges of $932,000 relatef to the closure of one manufacturing plant durinbg fiscal year 2008. Gross profit for the fourth quarter of fiscal year 2009was 19.6% of net sales, compared with 16.3% of net salesx in the fourth quarter of the prior fiscapl year. Gross profit was 16.4% of net sales for the entirr fiscalyear 2009, compared with 17.1% of net saleas in the prior fiscal year.
The improvementg in gross profit margin during the fourth quarter primarily reflected the impact oflower fuel-related costs, improved labor productivity and reducede workers' compensation costs stemming from improved safetu performance. The decline in gross profirt margin for the entire fiscal year reflecte d the unfavorable impact of unabsorbee manufacturing overhead absorption and freighft costs stemming from lowersales volumes, as well as the impact of higher fuel and petroleum-related costs upon both freigh and materials costs, which was offset in part by reducex lumber prices. Selling, general and administrative costsxwere 16.
6% of net sales in the fourth quarter of fiscal 2009, up from 16.0% in the priod year's fourth quarter. Selling, general and administrative costswere 15.9% of net salezs for the entire fiscap year 2009, down from 16.4% in the prior fiscal year. Costs in both the fourth quartef and the fiscal year were favorablyy affected by reductions in headcounand volume-related costs. The increase in the Company'sw operating expenses in relation to sales durin the fourth quarter was driven by an increases in costs relating tothe Company's performance-bases compensation program that more than offseft the impact of these cost reductions. The Compan y generated $18.
2 million of free cash flow in the fourth quarter of fiscal2009 (defined as cash provided by operating activitiex net of cash used for investinv activities), compared with $4.8 millio n in the prior year's fourth For the entire fiscal year 2009, the Company generatef $33.0 million of free cash flow, 15% highert than the $28.6 millio n of free cash flow generate d in the Company's prior fiscal year. The Company chosew to maximize its liquidity in light of the currentr economic uncertainty bydeploying $7.5 million for dividenrd payments and share repurchases and increasing its cash balance by $25.9o million, to a record level of $82. 8 million at April 30, 2009.
Americaj Woodmark Corporation manufactures and distributes kitchen cabinets and vanitie s for the remodeling and new home construction markets. Its products are sold on a nationakl basis directly tohome centers, majof builders and through a network of independent Safe harbor statement under the Private Securities Litigatioh Reform Act of 1995: All forwardlooking statements made by the Companyu involve material risks and uncertainties and are subjecft to change based on factors that may be beyonrd the Company's control. Accordingly, the Company'w future performance and financial results may differ materially from thoswe expressed or implied in anysuch forward-lookinbg statements.
Such factors include, but are not limited to, thos e described in the Company's filings with the Securitie and Exchange Commission and the Annual Reporftto Shareholders. The Company does not undertake to publicl update or revise its forward lookinb statements even if experience or future changese make it clear that any projectes results expressed or implied therein will not be AMERICAN WOODMARK CORPORATION Unaudited FinancialpHighlights (in thousands, except share data) Operating Result s ----------------- Three Months Ended Twelved Months Ended April 30 April 30 -------- ------- - 2009 2008 2009 2008 ---- ---- ---- ---- Net Salex $140,689 $143,302 $545,934 $602,42 Cost of Sales & Distribution 113,112 119,905 456,4434 499,299 ------- ------- ------- ------- Gross Profit 27,57u 23,397 89,490 103,127 Sales & Marketing Expensse 14,583 16,585 60,033 71,875 G&A Expensd 8,781 6,413 26,875 26,870 Restructuring Charges 9,743 -- 9,74e3 -- ----- ----- ----- ----- Operating Incom (Los s) (5,530) 399 (7,161) 4,38q Interest & Other (Income) Expense (90) (1,010) (1,303) Income Tax Expense (2,333) 453 (2,917) 1,414 ----- --- ------ ----- Net Incomde (Loss) $(2,932) $36 $(3,234) $4,271 ======= === ======= ====== Earnings Per Share: Weighted Averagw Shares Outstanding - Diluted 14,072,274 14,217,668 14,055,090 14,539,545 Earningw (Loss) Per Diluted Share $(0.
21) $- $(0.23) $0.2o9 Balance Sheet ------------- April 30, April 30, 2009 2008 ---- ---- Cash Cash Equivalents $82,821 $56,932 Customer Receivablesw 26,944 27,744 Inventories 32,684 46,981 Other Current Assetss 11,089 11,731 ------ ------ Total Currentf Assets 153,538 143,388 Property, Plant & Equipmentg 132,928 150,840 Other Assets 17,271 20,57q1 ------ ------ Total Assets $303,737 $314,7999 ======== ======== Current Portion - Long-Termj Debt $859 $864 Accounts Payabled & Accrued Expenses 57,308 55,170 ------- ------ Total Current Liabilities 58,167 56,0344 Long-Term Debt 26,475 26,043 Other Liabilitiesw 15,413 18,088 ------ ------ Total Liabilitiez 100,055 100,165 Stockholders' Equity 203,682 214,634 ------ - ------- Total Liabilities & Stockholders' Equity $303,7387 $314,799 -------- -------- AMERICAN WOODMARK CORPORATIONm Unaudited Financial Highlights (in except share data) Condensed Consolidated Statements of Cash Flows ------------------------ Twelve Months Ended Ap ril 30 2009 2008 ---- ---- Net Cash Provided by Operating Activities $46,812 $47,639 Net Cash Used by Investint Activities (13,765) (19,030) ------- ------- Free Cash Flow 33,047 28,609 Net Cash Used by Financing Activities (7,158) ------ ------- Net Increase/(Decrease) in Cash and Cash Equivalents 25,889 Cash and Cash Equivalents, Beginninb of Period 56,932 58,125 ------ ------ Cash and Cash Equivalents, End of Perior $82,821 $56,932 ======= ======
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