1. Home
  2. Articles posted by: Rona Fried (Page 1792)

Trex Announces Q4, 2005 Results

Trex Company, Inc. (NYSE: TWP), manufacturer of Trex decking and railing, announced financial results for the fourth quarter and full year ended December 31, 2005. Net sales for the fourth quarter rose 49% to $44.0 million, compared to $29.6 million for the fourth quarter of 2004. The Company reported a net loss for quarter of $10.1 million, or $0.68 per diluted share, compared to a net loss of $0.4 million, or $0.02 per diluted share, for the 2004 fourth quarter. For the full 2005 year, Trex reported 16% increase in net sales of $294.1 million, compared to $253.6 million for 2004. Net income for 2005 was $2.5 million, or $0.17 per diluted share, compared to $27.2 million, or $1.83 per diluted share, for 2004. Chairman and Chief Executive Officer Anthony J. Cavanna commented, “We are pleased with Trex’s strong revenue growth in the fourth quarter, which reflected low inventory levels in the channel combined with favorable weather conditions and our dealers’ anticipation of a strong 2006. “This positive top-line performance was offset by lower utilization of the company’s manufacturing facilities and the resulting underabsorption of fixed plant costs. Continued increases in the cost of plastic raw materials and a series […]

Read More

SatCon Reports Quarterly Results

SatCon Technology Corporation (Nasdaq NM: SATC), a developer and manufacturer of power electronics and motors for the alternative energy markets, today announced operating results for the quarter ended December 31, 2005. Net loss for the quarter was $1.3 million, or $0.03 per share, compared with a net loss of $1.4 million, or $0.05 per share, for the same period in fiscal 2005. “This quarter should be viewed as a transition quarter,” commented David Eisenhaure, Chairman and CEO. “We closed the books on the December quarter with 14 megawatts of solar inverters already shipped and on the strength of the product launch of our 500kW solar inverter we are emerging as the leading provider of commercial grade inverters. Our market traction in the burgeoning photovoltaic market combined with our leading position in providing inverters for the stationary fuel cell market give us confidence that our revenue growth in the alternative energy sector is sustainable. This is an important inflection point for our company as we invest in the service infrastructure to support the anticipated growth. The sale of the non-strategic shaker and amplifier product line was a key step in this transition.” Revenue for quarter ended December 31, 2005 was $7.1 […]

Read More