Summary of Consolidated Third Quarter Results Compared to Third Quarter of 2010
Revenue increased 18% to $152.5 million
Income from continuing operations increased 19% to $37.8 million
Earnings per diluted share from continuing operations increased 21% to $0.51
EBITDA from continuing operations increased 11% to $68.6 million, representing a 45% margin
Neustar, Inc. (NYSE:NSR), a global leader in network addressing, routing and policy management, announced results for the quarter ended September 30, 2011. The company also increased its guidance for full-year 2011 and announced the repurchase of up to $250 million of its Class A common shares on an accelerated basis.
In a separate announcement, the company stated that it has entered into a definitive agreement to acquire Targus Information Corporation, or TARGUSinfo, a leading, independent provider of real-time, on-demand information and analytics services including Caller ID, for approximately $650 million in cash.
Neustar continues to drive shareholder value across multiple fronts. Our third quarter results demonstrate our ability to continue to deliver double-digit revenue growth and generate strong profits and cash flows,� said Lisa Hook, Neustar�s president and chief executive officer. Ms. Hook continued, �The acquisition of TARGUSinfo furthers our business strategy with growing, high margin operations in markets adjacent to our core business. Our new capital structure, including a prudent amount of debt, allows us to make this acquisition and continue significant returns to shareholders. We are building shareholder value by increasing future cash generation and strategically diversifying our business while accelerating our share repurchases.�
Paul Lalljie, Neustar�s chief financial officer added, �We continue to deliver strong top line growth coupled with high margins and cash flows. This allows us to invest organically, make strategic, accretive acquisitions and return meaningful amounts of capital to shareholders. The third quarter results and the key performance indicators of our business have prompted us to update our full-year revenue and EBITDA guidance. Strong financial momentum, coupled with our operational achievements, put us in a solid position for growth in the future.�
Neustar, Inc. (NYSE:NSR) provides market-leading, innovative solutions and directory services that enable trusted communication across networks, applications, and enterprises around the world.
Visit Neustar online at www.neustar.biz.
Perficient Inc. (Nasdaq:PRFT) announced it will host a conference call on Thursday, November 3rd, at 10:00 am Eastern, to discuss the Company’s third quarter 2011 results.
Perficient, Inc. provides information technology consulting services primarily in the United States, Canada, and Europe. The company designs, builds, and delivers business-driven technology solutions using third party software products.
Pinnacle Financial Partners Inc (Nasdaq:PNFP) announced it will release its third quarter 2011 financial results on Tuesday, Oct. 18, 2011, after the stock market closes. It will also host a live webcast on Wednesday, Oct. 19, at 8:30 a.m. CDT to review its financial results, business outlook for the firm and other matters. The third quarter 2011 earnings release will be available on the investor relations page of Pinnacle’s website at www.pnfp.com.
Pinnacle Financial Partners, Inc. operates as the bank holding company for Pinnacle National Bank, which provides commercial banking services to individuals, small-to medium-sized businesses, and professional entities in Tennessee. The company engages in generating deposits and originating loans.
Atmel Corporation (Nasdaq:ATML) will hold a conference call Tuesday, November 1, 2011 at 2 p.m. PT to discuss its third quarter 2011 financial results. Atmel President and CEO Steven Laub and VP of Finance and CFO Stephen Cumming will be participating on this call. The earnings release will be issued at the close of market that same day.
Atmel Corporation designs, develops, manufactures, and markets a range of semiconductor integrated circuit (IC) products.
Cleantech Transit, Inc. (CLNO)
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company’s manufacturing clients worldwide.
Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
Biomass can be converted to other usable forms of energy like methane gas or transportation fuels like ethanol and biodiesel. Methane gas is the main ingredient of natural gas. Smelly stuff, like rotting garbage, and agricultural and human waste, release methane gas - also called “landfill gas” or “biogas.” Crops like corn and sugar cane can be fermented to produce the transportation fuel, ethanol. Biodiesel, another transportation fuel, can be produced from left-over food products like vegetable oils and animal fats. Also, Biomass to liquids (BTLs) and cellulosic ethanol are still under research.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
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