Amerigo Announces Release of 2008 Results and Investor Conference Call

Amerigo Resources Ltd. (TSX: ARG) will release its Audited 2008 Annual Results at market open on Wednesday, March 25, 2009 and will hold an investor conference call to discuss the company's Audited 2008 Annual Results on Thursday, March 26, 2009, 11:00 am Pacific Daylight Time/2:00 pm Eastern Daylight Time.

To participate in the call, please dial the following numbers:

604-678-9375 (Vancouver)

The Standard Register Company Q4 2008 Earnings Call Transcript

Executives

Joseph P. Morgan Jr. - President, Chief Executive Officer, Director

Robert J. Cestelli – Investor Relations

Craig J. Brown – Chief Financial Officer

Analysts

Jamie Clement - Sidoti

Charles Strauzer - CJS Securities

Robert Nicholson - Pine Cobble Capital LLC

Kevin Sonich - R.K. Capital Management

Presentation

Operator

Good morning ladies and gentlemen and welcome to The Standard Register’s Fourth Quarter and Full year 2008 Conference Call. (Operator Instructions) As a reminder the presentation slides for today’s conference are available by accessing the Investor Center section of The Standard Register website at www.standardregister.com/investorcenter. I will now turn the conference over to Bob Cestelli, Vice President of Investor Relations. Please go ahead.

Bob Cestelli

Good morning and welcome to our Fourth Quarter and Full Year 2008 Earnings Conference Call. Joining me are Joe Morgan, President and Chief Executive Officer and Craig Brown, Chief Financial Officer. Please let me remind you that this conference call contains forward-looking statements including language concerning future projections. These projections should be considered in conjunction with the Safe Harbor Statement contained in our earnings news release as well as the Safe Harbor Statement that can be found by accessing the home page of the Investor Center on the company’s website.

Joe has a few opening comments regarding the quarter and the year, followed by a review of some key issues for the company. This will be followed by Craig’s review of our financials. We will then address your questions.

Now let me turn the call over to Joe. read more

Home Properties, Inc. Q4 2008 Earnings Call Transcript

Executives

Charis Warshof – VP, IR

David Gardner – EVP and CFO

Ed Pettinella – President and CEO

Analysts

Rob Stevenson – Fox-Pitt Kelton

Steve Swett – KBW

David Bragg – Banc of America

Michelle Ko – UBS

Michael Salinsky – RBC Capital Markets

Andrew McCulloch – Green Street Advisors

David Toti – Citigroup

Michael Bilerman – Citigroup

Karin Ford – KeyBanc Capital Markets

Sean George – HBK Capital Management

Presentation

Operator

Welcome to the Fourth Quarter 2008 Earnings Conference Call. During this presentation, all participants will be in a listen only mode. Afterwards, we will conduct a question and answer session. (Operator instructions) As a reminder, this conference is being recorded, Friday, February 20, 2009.

It is now my pleasure to turn the conference over to Ms. Charis Warshof. Please go ahead.

Charis Warshof

Thank you. Good morning, everyone. This is Charis Warshof, Vice President of Investor Relations. Thank you for participating in Home Properties fourth quarter 2008 earnings conference call.

Here with me this morning are Ed Pettinella, President and CEO, and David Gardner, Executive Vice President and Chief Financial Officer. You can listen to the call and view slides on our web site at homeproperties.com. We also have posted our news release, supplemental schedules and a PDF of the slides on the web site. The call replay and script will be posted later. We have a new vendor hosting the webcast this year, so if you are participating on the call via the webcast, you will need to advance the slides yourself as we go through the presentation. The slides won’t advance automatically anymore. We’ll keep you posted on which slide we’re on.
read more

eLoyalty Announces Strong Fourth Quarter 2008 Results

Company Announces 10% Sequential Services Revenue Growth; $842K of Adjusted Earnings; Record Managed Services Revenues; and Record Managed Services Backlog

eLoyalty Corporation (NASDAQ: ELOY), a leading enterprise customer relationship management (CRM) services and solutions company, today announced financial results for the fourth quarter ended December 27, 2008.

For the fourth quarter of 2008, total revenue was $25.1 million and the net loss was $4.1 million. The net loss available to common shareholders was $0.35 per share. eLoyalty realized "Adjusted Earnings(1)" of $0.8 million for the fourth quarter of 2008. Adjusted Earnings is a non-GAAP measure. For a reconciliation of Adjusted Earnings income to operating loss, see the accompanying schedule.

The following is a summary of revenue by major component:

Three Months Ended Twelve Months Ended
------------------------------- ------------------------------
(000's) 12/27/2008 12/29/2007 % Change 12/27/2008 12/29/2007 % Change
---------- ---------- -------- ---------- ---------- --------
Revenue:
Managed
Services $ 11,374 $ 10,331 10% $ 42,094 $ 38,665 9%
Consulting
Services 8,653 9,776 -11% 35,702 49,381 -28%
---------- ---------- -------- ---------- ---------- --------
Services
Revenue 20,027 20,107 0% 77,796 88,046 -12%
Product 3,926 513 665% 9,777 9,185 6%
---------- ---------- -------- ---------- ---------- --------
Net Revenue 23,953 20,620 16% 87,573 97,231 -10%
Reimbursed
expenses 1,137 980 3,624 4,874
---------- ---------- -------- ---------- ---------- --------
Total
Revenue $ 25,090 $ 21,600 16% $ 91,197 $ 102,105 -11%
========== ========== ======== ========== ========== ========

Q4 2008 Highlights

Fourth Quarter 2008 highlights include:

-- 10% sequential increase in Services revenues
-- 25% sequential increase in total revenues before reimbursed expenses
-- $842 thousand of Adjusted Earnings (a $2 million sequential
improvement)
-- Record $11.4 million Managed Services revenues (an 8% sequential
increase)
-- Record $73.9 million Managed Services Backlog(2)
-- $9.9 million of Behavioral Analytics™ Service deployment bookings
-- 23% sequential increase in ICS Consulting revenues
-- Record $14.8 million of revenues from primary Service Lines (ICS and
the Behavioral Analytics™ Service)
-- $3 million annual reduction in operating expenses as compared to the
fourth quarter 2008 run rate


First Quarter 2009 Guidance

eLoyalty provides guidance for Services revenue only. Product revenue from the sale of third-party software and hardware can fluctuate substantially between periods and is not a primary focus of the Company's business.

Based on these factors, eLoyalty currently expects its First Quarter 2009 Services revenues will be approximately $19.5 million.

Conference Call Information

eLoyalty management will host a conference call at 5:00 p.m. ET on Thursday, February 12, 2009. A webcast of the conference call and slide presentation will be available live via the Internet at the Investor Relations section of eLoyalty's web site at http://www.eloyalty.com/investor/ where this press release, as well as other financial information that will be discussed on that call, is also available. For those who cannot access the live broadcast, or the continued availability on eLoyalty's website, a replay of the conference call will also be available beginning approximately two hours after the live call is completed until February 26, 2009 by dialing (80... or, for international callers, (706) 645-9291 and entering conference ID number 79895951.

About eLoyalty

eLoyalty helps its customers achieve breakthrough results with revolutionary analytics and advanced technologies that drive continuous business improvement. With a long track record of delivering proven solutions for many of the Fortune 1000, eLoyalty's offerings include the Behavioral Analytics(TM) Service, Integrated Contact Solutions and Consulting Services, each of which enables focused business transformation.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding anticipated financial results and other matters that are not strictly historical in nature. These forward-looking statements are based on current management expectations, forecasts and assumptions, and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. The risks, uncertainties and other factors that might cause such a difference include those described under "Forward-Looking Statements" and "Risk Factors" in eLoyalty's Form 10-K, Form 10-Q and other filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements. They reflect opinions, assumptions and estimates only as of the date they are made, and eLoyalty Corporation undertakes no obligation to publicly update or revise any of these forward-looking statements, whether as a result of new information, future events or circumstances or otherwise.

(1) eLoyalty presents Adjusted Earnings, a non-GAAP measure that represents cash earnings performance, excluding the impact of non-cash expenses and expense reduction activities, because management believes that Adjusted Earnings provide investors with a better understanding of the results of eLoyalty's operations. Management believes that Adjusted Earnings reflect eLoyalty's resources available to invest in its business and strengthen its balance sheet. In addition, expense reduction activities can vary significantly between periods on the basis of factors that management does not believe reflect current-period operating performance. Although similar adjustments for expense reduction activities may be recorded in future periods, the size and frequency of these adjustments cannot be predicted. The Adjusted Earnings measure should be considered in addition to, not as a substitute for or superior to, operating income, cash flows or other measures of financial performance prepared in accordance with GAAP.

(2) The terms of each Managed Services contract range from one to five years. eLoyalty uses the term "backlog" with respect to its Managed Services engagements to refer to the expected revenue to be received under the applicable contract, based on its currently contracted terms and, when applicable, currently anticipated levels of usage and performance. Actual usage and performance might be greater or less than anticipated. In general, eLoyalty's Managed services contracts may be terminated by the customer without cause, but early termination by a customer usually requires a substantial early termination payment.


eLoyalty Corporation
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited and in thousands, except per share data)
For the For the
Three Months Ended Twelve Months Ended
---------------------- ----------------------
Dec. 27, Dec. 29, Dec. 27, Dec. 29,
2008 2007 2008 2007
---------- ---------- ---------- ----------
Revenue:
Services $ 20,027 $ 20,107 $ 77,796 $ 88,046
Product 3,926 513 9,777 9,185
---------- ---------- ---------- ----------
Revenue before
reimbursed expenses
(net revenue) 23,953 20,620 87,573 97,231
Reimbursed expenses 1,137 980 3,624 4,874
---------- ---------- ---------- ----------
Total revenue 25,090 21,600 91,197 102,105
Operating expenses:
Cost of services 13,015 13,590 51,613 58,496
Cost of product 3,080 392 7,945 6,993
---------- ---------- ---------- ----------
Cost of revenue before
reimbursed expenses 16,095 13,982 59,558 65,489
Reimbursed expenses 1,137 980 3,624 4,874
---------- ---------- ---------- ----------
Total cost of revenue,
exclusive of depreciation
and amortization shown
below: 17,232 14,962 63,182 70,363
Selling, general and
administrative 9,870 10,589 43,155 47,075
Severance and related
costs 497 1,328 1,635 1,333
Depreciation 927 912 3,845 3,186
Amortization of
intangibles 109 63 340 423
---------- ---------- ---------- ----------
Total operating expenses 28,635 27,854 112,157 122,380
---------- ---------- ---------- ----------
Operating loss (3,545) (6,254) (20,960) (20,275)
Interest and other income
(expense), net 83 285 70 1,484
---------- ---------- ---------- ----------
Loss from continuing
operations before income
taxes (3,462) (5,969) (20,890) (18,791)
Income tax benefit
(provision) 61 61 (15) 53
---------- ---------- ---------- ----------
Loss from continuing
operations (3,401) (5,908) (20,905) (18,738)
Loss on liquidation of
subsidiary (748) — (748) —
---------- ---------- ---------- ----------
Net loss (4,149) (5,908) (21,653) (18,738)
Dividends related to
Series B preferred stock (323) (335) (1,296) (1,405)
---------- ---------- ---------- ----------
Net loss available to
common stockholders $ (4,472) $ (6,243) $ (22,949) $ (20,143)
========== ========== ========== ==========
Basic loss from continuing
operations per common
share $ (0.27) $ (0.67) $ (2.02) $ (2.23)
========== ========== ========== ==========
Basic net loss per common
share $ (0.35) $ (0.71) $ (2.21) $ (2.40)
========== ========== ========== ==========
Diluted loss from continuing
operations per common
share $ (0.27) $ (0.67) $ (2.02) $ (2.23)
========== ========== ========== ==========
Diluted net loss per common
share $ (0.35) $ (0.71) $ (2.21) $ (2.40)
========== ========== ========== ==========
Shares used to calculate
basic net loss per share 12,772 8,778 10,365 8,399
========== ========== ========== ==========
Shares used to calculate
diluted net loss per share 12,772 8,778 10,365 8,399
========== ========== ========== ==========
Stock-based compensation,
primarily restricted stock,
included in individual
line items above:
Cost of services $ 663 $ 261 $ 3,345 $ 1,004
Selling, general and
administrative 2,191 1,872 11,335 9,444
Severance and related
costs — 196 103 196
eLoyalty Corporation
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited and in thousands, except share and per share data)
December 27, December 29,
2008 2007
------------ ------------
ASSETS:
Current Assets:
Cash and cash equivalents $ 27,064 $ 21,412
Restricted cash 3,655 2,455
Receivables, (net of allowances of
$107 and $110) 10,005 11,322
Prepaid expenses 7,783 8,465
Other current assets 1,251 1,074
------------ ------------
Total current assets 49,758 44,728
Equipment and leasehold improvements, net 6,424 7,391
Goodwill 2,643 2,643
Intangibles, net 611 828
Other long-term assets 4,787 4,461
------------ ------------
Total assets $ 64,223 $ 60,051
============ ============
LIABILITIES AND STOCKHOLDERS' EQUITY:
Current Liabilities:
Accounts payable $ 3,904 $ 2,997
Accrued compensation and related costs 4,994 5,555
Unearned revenue 11,525 11,772
Capital leases 1,311 471
Other current liabilities 3,336 3,312
------------ ------------
Total current liabilities 25,070 24,107
Long-term unearned revenue 5,274 7,416
Capital leases 2,280 1,020
Other long-term liabilities 292 605
------------ ------------
Total liabilities 32,916 33,148
------------ ------------
Redeemable Series B convertible preferred
stock, $0.01 par value; 5,000,000 shares
authorized and designated; 3,619,537 and
3,745,070 shares issued and outstanding
with a liquidation preference of $19,107
and $19,768 at December 27, 2008 and
December 29, 2007, respectively 18,460 19,100
Stockholders' Equity:
Preferred stock, $0.01 par value; 35,000,000
shares authorized; none issued and outstanding — —
Common stock, $0.01 par value; 50,000,000
shares authorized; 14,152,702 and 9,885,458
shares issued at December 27, 2008 and
December 29, 2007; and 13,661,746 and
9,735,492 outstanding at December 27, 2008
and December 29, 2007, respectively 142 99
Additional paid-in capital 198,853 172,483
Accumulated deficit (180,201) (158,548)
Treasury stock, at cost, 490,956 and 149,966
shares at December 27, 2008 and
December 29, 2007 (2,457) (2,731)
Accumulated other comprehensive loss (3,490) (3,500)
------------ ------------
Total stockholders' equity 12,847 7,803
------------ ------------
Total liabilities and stockholders' equity $ 64,223 $ 60,051
============ ============
eLoyalty Corporation
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited and in thousands)
For the
Twelve Months Ended
----------------------
Dec. 27, Dec. 29,
2008 2007
---------- ----------
Cash Flows from Operating Activities:
Net loss $ (21,653) $ (18,738)
Adjustments to reconcile net loss to net cash
(used in) provided by operating activities:
Depreciation and amortization 4,185 3,609
Stock-based compensation 14,680 10,448
Loss on liquidation of subsidiary 748 —
Provision for uncollectible amounts 18 168
Severance and related costs 293 —
Deferred income taxes (2) (129)
Changes in assets and liabilities:
Receivables 1,140 1,466
Prepaid expenses 1,305 (3,533)
Other assets (523) 1,622
Accounts payable 919 (1,271)
Accrued compensation and related costs (296) 2,057
Unearned revenue (2,362) 6,233
Other liabilities 112 (550)
---------- ----------
Net cash (used in) provided by operating
activities (1,436) 1,382
---------- ----------
Cash Flows from Investing Activities:
Capital expenditures and other (698) (4,520)
---------- ----------
Net cash used in investing activities (698) (4,520)
---------- ----------
Cash Flows from Financing Activities:
Proceeds from rights offering, net 14,845 24
Acquisition of treasury stock (3,741) (3,637)
Increase in restricted cash (1,200) (2,172)
Payment of Series B dividends (1,317) (1,468)
Proceeds from stock compensation and employee
stock purchase plans, net 343 422
Principal payments under capital lease obligations (748) (27)
---------- ----------
Net cash provided by (used in) financing
activities 8,182 (6,858)
---------- ----------
Effect of exchange rate changes on cash and cash
equivalents (396) (237)
---------- ----------
Increase (decrease) in cash and cash equivalents 5,652 (10,233)
Cash and cash equivalents, beginning of period 21,412 31,645
---------- ----------
Cash and cash equivalents, end of period $ 27,064 $ 21,412
========== ==========
Non-Cash Investing and Financing Transactions:
Capital lease obligations incurred $ 2,429 $ 1,518
Capital equipment purchased on credit 2,429 1,518
Change in net unrealized security gain (343) 451
Supplemental Disclosures of Cash Flow Information:
Cash refunded for income taxes, net $ — $ 1,192
Interest paid (536) (97)
eLoyalty Corporation
CALCULATION OF ADJUSTED EARNINGS MEASURE
(Unaudited and in thousands)
For the For the
Three Months Ended Twelve Months Ended
-------------------- --------------------
Dec. 27, Dec. 29, Dec. 27, Dec. 29,
2008 2007 2008 2007
--------- --------- --------- ---------
GAAP - Operating loss $ (3,545) $ (6,254) $ (20,960) $ (20,275)
Add back (reduce) the effect of:
--------------------------------
Stock-based compensation 2,854 2,133 14,680 10,448
Severance and related costs 497 1,328 1,635 1,333
Depreciation and amortization 1,036 975 4,185 3,609
--------- --------- --------- ---------
Adjusted earnings measure -
income (loss) $ 842 $ (1,818) $ (460) $ (4,885)
========= ========= ========= =========

Contact:
eLoyalty Corporation
Bill Noon
Vice President, Chief Financial Officer
(847) 582-7019
Email Contact

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PHC Reports Second Quarter Fiscal 2009 Results

PHC, Inc., d/b/a Pioneer Behavioral Health (AMEX: PHC), a leading provider of inpatient and outpatient behavioral health services, reported financial results for the company's second fiscal quarter ended December 31, 2008.

Second Quarter Fiscal 2009 Highlights

-- Patient care revenue totaled $10.1 million, off less than one percent
from the same year-ago quarter
-- Signed agreement for sale of Pivotal Research Centers for a total
consideration of $5.0 million, of which $2.0 million is contingent on
future revenue
-- Established rate increases for major contracts effective January 1,
2009


Key Financial Indicators
(Dollars in thousands, except per-share amounts.)
Q2 FY2009 Q2 FY2008
----------- ------------
Total revenues* $ 11,020 $ 11,273
Patient care revenues 10,106 10,147
Net income (loss)* (404) 524
Earnings (loss) per share - Basic & Diluted* (0.02) 0.03
*From continuing operations. Income/loss includes start-up losses from
Seven Hills Behavioral Institute and Capstone Academy in the second fiscal
quarter of approximately $1.1 million.


Second Quarter 2009 Financial Results

For the second fiscal quarter ended December 31, 2008, net revenue from operations totaled $11.0 million (excluding discontinued operations). This represented a decrease of 2.2% from $11.3 million in the second quarter of fiscal 2008.

Patient care segment revenue totaled $10.1 million, off less than one percent from the same year-ago quarter. The slight decrease in patient care revenue was due primarily to the effect of general economic conditions offset partially by the contribution of newly opened operations.

Contract support services revenue from the company's Wellplace subsidiary decreased 19% to $0.9 million. This decrease is due to the expiration of a smoking cessation contract with a government contractor. The company has submitted a bid to continue and expand the contract should the contractor decide to continue the program. PHC expects to increase contract support service revenue through new contracts for EAP (Employee Assistance Programs) and smoking cessation programs.

Income from continuing operations was a loss of $843,000, as compared to income of $834,000 in the same period a year ago. The loss includes more than $790,000 in startup losses related to the company's Seven Hills Behavioral Institute and approximately $307,000 from startup expenses at Capstone Academy.

The net loss from continuing operations was $404,000 or ($0.02) per basic and fully diluted share (based on 20.1 million basic and fully diluted shares), which compares to net income from continuing operations in the same year ago quarter of $524,000 or $0.03 per basic and fully diluted share (based on 20.1 million basic shares and 20.5 million diluted shares). The loss includes approximately $1.1 million in aforementioned new facility startup expenses, plus expenses related to increased utilization of capitated contracts in the company's Harmony division. Losses at Harmony are not expected to continue due to improved margins from significant rate increases from two major renegotiated contracts which became effective January 1, 2009.

Second Quarter 2009 Operational Highlights

Pioneer announced at the end of December 2008 the final agreement for the sale of Pivotal Research Centers, which comprises the pharmaceutical studies segment, to Premier Research Group PLC for total consideration of up to $5.0 million. The divestiture of this business will allow Pioneer to focus on its core business of delivering behavioral health programs and services. This transaction is expected to close by the end of the current month.

During the quarter, the company advanced the development of its Capstone Academy in Detroit, Michigan, and in January 2009 officially opened this new facility. Capstone represents the next phase of PHC's efforts to provide expanded residential treatment services to adjudicated youth in the Detroit metropolitan area. In combination with the company's Detroit Behavioral Institute (DBI), this facility, if fully utilized, could double PHC's inpatient capacity in the area and has the potential to generate additional annual revenue of more than $5.0 million. With the addition of Capstone, the company will have 14 treatment centers across five states that offer behavioral health services.

Management Commentary

"As expected, this was a transitional quarter as we continued the startup at Capstone and worked toward CMS Medicare certification for Seven Hills," said Bruce A. Shear, Pioneer's president and CEO. "Excluding the startup losses of our new facilities in Henderson and Detroit, once again this quarter we continued our long tradition of operating profitably. In fact, this amount improved approximately $234,000 over the previous quarter and improved $388,000 over the same period a year ago."

"We also significantly advanced our managed care business in the Las Vegas area during the quarter with the renegotiation of capitated contracts which are structured to increase revenue and improve margins in this quarter," continued Shear. "As these new rates come into effect and our new facilities come more up to speed, we anticipate a return to company-wide profitability before the end of the current quarter.

"Given our progress in many areas this quarter, we continue to believe our fundamentals and prospects for growth have never been stronger. Our efforts to focus on our core business of patient care allowed us to sustain our revenue levels even in these trying economic times that have impacted other companies far more than us. Demand for our services remains strong and our industry is prospering. The recent signing of the Mental Health Parity bill is expected to serve as another strong market driver -- one from which we are in an ideal position to benefit substantially over the years to come."

Fiscal 2009 Guidance

Based on the continued expectation that the company's patient care revenue maintains its forecasted growth of more than 20% in fiscal 2009, management continues to see an achievable goal of income before taxes of 8-10% of net revenue as it approaches fiscal 2010.

"As we have indicated in our prior reporting," said Shear, "due to the substantial investments we have made in new facilities, we expect the most visible improvement of our performance in 2009 will come during the second half when our newest projects, like Capstone Academy, come up to speed."

Teleconference Information

PHC will host a conference call today at 10:00 a.m. Eastern time. A question and answer session will follow management's presentation. To participate in the call, dial the appropriate number 5-10 minutes prior to the start time, request the PHC conference call and provide the conference ID.

Date: Friday, February 13, 2009
Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time)
Dial-In Number: 1-800-862-9098
International: 1-785-424-1051
Conference ID#: 7PHC

A web simulcast of the call can be accessed via PHC's website at www.phc-inc.com. A replay of the call will be available after 1:00 p.m. Eastern time on the same day and until March 13, 2009:

Toll-free replay number: 1-800-695-1624
International replay number: 1-402-530-9026
(No passcode required)

If you have any difficulty connecting with the conference call or webcast, please contact the Liolios Group at 949-574-3860.

About PHC, Inc.

PHC, Inc., d/b/a Pioneer Behavioral Health, is a national healthcare company providing behavioral health services in five states, including substance abuse treatment facilities in Utah and Virginia, and inpatient and outpatient psychiatric facilities in Michigan, Pennsylvania, and Nevada. The company also offers internet and telephonic-based referral services that includes employee assistance programs and critical incident services. Contracted services with government agencies, national insurance companies, and major transportation and gaming companies cover more than one million individuals. Pioneer helps people gain and maintain physical, spiritual and emotional health through delivering the highest quality, most culturally responsive and compassionate behavioral health care programs and services. For more information, visit www.phc-inc.com. read more

ValueClick Inc. Q4 2008 Earnings Call Transcript

ValueClick Inc. (VCLK)

Q4 2008 Earnings Call

February 12, 2009 4:30 pm ET

Executives

Gary Fuges - VP, Investor Relations and Corporate Development

Tom Vadnais - CEO

John Pitstick - CFO

Analysts

Youssef Squali - Jefferies & Company

Robert Coolbrith - ThinkEquity

Ben Schachter - UBS

Mark Mahaney - Citigroup

Christa Quarles - Thomas Weisel Partners

Carter Malloy - Stephens Incorporated

Eric Martinuzzi - Craig-Hallum

Townsend Buckles - JPMorgan

Sameet Sinha - JMP Securities

Ross Sandler - RBC Capital Markets

Mark May - Needham

Dan Salmon - BMO Capital Markets

Presentation

Operator

Good day and my name is Elizabeth and I will be your conference facilitator today. A replay of this call will be available by telephone beginning at 4:30 p.m. Pacific Time today, and may be accessed through 10 O'clock p.m. Pacific Time on February 19, 2009. Thereafter, it can be accessed on ValueClick's web site at www.valueclick.com or www.streetevents.com.

Previously filed SEC filings can also be found on ValueClick's site. All lines have been placed in a listen-only mode to prevent any background noise. After the speakers' remarks there will be a question-and-answer period. (Operator Instructions).

At this time, I would like to turn the call over to Mr. Gary Fuges, Vice President of Investor Relations and Corporate Development for ValueClick, Incorporated. Please go ahead, sir.

Gary Fuges

Thank you, Elizabeth. Good afternoon and welcome to ValueClick's Fourth Quarter and Fiscal Year 2008 Financial Results Conference Call. On the call with me today are Tom Vadnais, Chief Executive Officer and John Pitstick, Chief Financial Officer.

Today's call contains forward-looking statements that involve risks and uncertainties including, but not limited to, trends in online advertising spending, and estimates of future online performance based advertising. Actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance.

Important factors which could cause actual results to differ materially from those expressed or implied in the forward-looking statements are detailed under the Risk Factors section and elsewhere in filings with the Securities and Exchange Commission made from time to time by ValueClick including its Annual Report on Form 10-K filed on February 29, 2008, recent quarterly reports on Form 10-Q and current reports on Form 8-K.

Other factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements include but are not limited to the risks that market demand for online advertising in general and performance based online advertising in particular will not grow as rapidly as predicted, and legislation and governmental regulation that could negatively impact the company's performance. ValueClick undertakes no obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events.

With that, I'd like to turn the call over to Mr. Tom Vadnais, CEO of ValueClick. Tom?

Tom Vadnais

Thank you, Gary. Good afternoon, everyone and thanks for joining us for ValueClick’s fourth quarter 2008 conference call. Despite of the macro issues faced by virtually every company today, ValueClick executed well in the fourth quarter of ’08.

Revenue increased sequentially and was $5 million above the high-end of our guidance range. The company was successful in converting a high percentage of the revenue growth into adjusted-EBITDA, which resulted in adjusted-EBITDA above the high-end of our guidance range and an adjusted-EBITDA margin of 25.4%.

There were housekeeping items in the quarter that John will discuss later in the call, including the presentation of two divested businesses as discontinued operations. He will also review something you’ve seen from a lot of companies this quarter, a goodwill impairment charge.

Before I turn the call over to John, I’d like to comment on our four business segments. In media, worldwide display advertising increased about 3% sequentially, which was better than the flat sequential growth, which we guided in our last call.

ValueClick Media's scale, performance-based offerings and reputation are definitely a competitive advantage in this market. We also feel that our proprietary behavioral targeting capabilities are improving giving us say, competitive advantage in the sector.

The software and telco verticals were healthy in the quarter and our AdRX vertical network help deliver strong results in the pharma vertical.

Shifting to lead generation, our lead generation sector was down about 7% sequentially in the quarter, which was in-line with the guidance provided on our last call.

Broad-based lead gen players across the industry remain challenged in this macro environment, as some demand has shifted to alternate online channels.

Omega Navigation Enterprises, Inc. Declares Quarterly Dividend of $0.50 per Common Share and Announces Date for the Release of Fourth Quarter 2008 Res

Omega Navigation Enterprises, Inc. (NASDAQ: ONAV | Quote | Chart | News | PowerRating) (SGX: ONAV50), a provider of global marine transportation services focusing on product tankers, announced today that its Board of Directors declared a quarterly dividend with respect to the fourth quarter of 2008 in the base dividend amount of $0.50 per common share payable on March 9, 2009, to shareholders of record on February 24, 2009. This is the eleventh consecutive dividend in the base dividend amount of $0.50 per common share paid to investors since the Company went public in April 2006.

The Board of Directors resolved to give One Holdings, an entity beneficially owned by the Company's President and Chief Executive Officer, George Kassiotis, and the sole holder of the Company's Class B subordinated shares, the option to be paid the base dividend in .07 additional shares of Class B Common Stock for each share held, in lieu of cash. If elected to be paid in stock, this stock dividend has an equivalent market value of $0.50 per share, based on the closing price of the Company's common stock on the Nasdaq on the declaration date of February 4, 2009. One Holdings must declare whether to receive the $0.50 base dividend in cash or shares not later than February 27, 2009.

Omega Navigation Enterprises also announced that it will release its results for the fourth quarter ended December 31, 2008 after the close of the market on Tuesday, March 3, 2009.

On Wednesday, March 4, 2009 at 10:00 A.M. EST, the company's management will host a conference call to discuss the results.

Conference Call Details:

Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1-866-819-7111 (US Toll Free Dial In), 0800-953-0329 (UK Toll Free Dial In) or +44 (0)1452-542-301 (Standard International Dial In). Please quote "Omega."

A telephonic replay of the conference call will be available until November 25, 2008 by dialing 1-866-247-4222 (US Toll Free Dial In), 0800-953-1533 (UK Toll Free Dial In) or +44(0)1452-55-00-00 (Standard International Dial In). Access Code: #3663884.

Slide and Audio Webcast:

There will also be a live, and then archived, webcast of the conference call, that can be accessed through Omega Navigation's website at www.omeganavigation.com. Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

About Omega Navigation Enterprises, Inc.

Omega Navigation Enterprises, Inc. is an international provider of global marine transportation services through the ownership and operation of double hull product tankers. The current fleet includes eight double hull product tankers with a carrying capacity of 512,358 dwt which are chartered out under three-year time charters with an average age of less than three years. The company has also announced the signing of shipbuilding contracts to construct and acquire five additional product tankers with a capacity of 37,000 dwt each scheduled for delivery between March 2010 and early in 2011 and two additional product tankers with a capacity of 47,000 dwt the first scheduled for delivery on or about the second quarter 2009 and the second scheduled for delivery on or about the third quarter 2010. With the addition of these seven vessels, Omega's fleet will expand to 15 product tankers with a total deadweight capacity of 791,358 dwt.

The Company was incorporated in the Marshall Islands in February 2005. Its principal executive offices are located in Piraeus, Greece and it also maintains an office in the United States. Omega Navigation's Class A Common Shares are traded on the NASDAQ National Market under the symbol "ONAV" and are also listed on the Singapore Exchange Securities Trading Limited under the symbol "ONAV 50."

Cautionary Statement Regarding Forward-Looking Statements:

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "except," "anticipate," "intends," "estimate," "forecast," "project," "plan," "potential," "will," "may," "should," "expect" pending and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, the Company's management's examination of historical operating trends, data contained in the Company's records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company's control, the Company cannot assure you that the Company will achieve or accomplish these expectations, beliefs or projections.

In addition to these important factors other important factors that, in the Company's view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for product tanker and dry bulk shipping capacity, changes in the Company's operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company's vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other factors. Please see the Company's filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.

Contacts: Company Contact: Gregory A. McGrath Chief Financial Officer Omega Navigation Enterprises, Inc. PO Box 272 Convent Station, NJ 07961 Tel. (551) 580-0532 E-mail: gmcgrath@omeganavigation.com www.omeganavigation.com Investor Relations / Financial Media: Nicolas Bornozis President Capital Link, Inc. 230 Park Avenue, Suite 1536 New York, NY 10169 Tel. (212) 661-7566 E-mail: nbornozis@capitallink.com www.capitallink.com

SOURCE: Omega Navigation

Deltek Inc. Q4 2008 Earnings Call Transcript

Deltek Inc. (PROJ)

Q4 2008 Earnings Call Transcript

February 12, 2009 5:00 pm ET

Executives

Dave Spille – VP, IR

Kevin Parker – President and CEO

Mark Wabschall – EVP and CFO

Analysts

Bryan McGrath – Credit Suisse

Brad Phil [ph]

Michael Hubbard [ph]

Madesh Duro [ph]

David Bayer

Phil Rueppel – Wachovia

Presentation

Operator

Good afternoon, my name is Tanya and I will be your conference operator today. At this time, I would like to welcome everyone to the Deltek Fourth Quarter 2008 Earnings Conference Call. (Operator instructions) Mr. Dave Spille, you may begin your conference.

Dave Spille

Thank you. Good afternoon, everyone. My name is Dave Spille, Vice President of Investor Relations for Deltek. Joining me here today are Deltek CEO, Kevin Parker and Mark Wabschall, our CFO.

I want to welcome you to today’s conference call announcing Deltek's financial results for our fourth quarter and full year ended December 31, 2008. The press release we issued this afternoon containing our financial results for the quarter and the year is available on our Web site at www.deltek.com. This call is being recorded and will be available for replay on Deltek’s Web site or by dialing the following numbers 1-800-642-1687 or 1-706-645-9291. The access code for the replay is 80655386. Conference call replay is available through February 19, 2009.

During the course of this conference call, we may make forward-looking statements that involve substantial risks and uncertainties. You can identify forward-looking statements by words such as “anticipate,” “believe,” “estimate,” “expect” or similar words. Actual outcomes and results may differ materially from what is expressed in these forward-looking statements for many reasons.

Any forward-looking statement in this conference call speaks only as of the date on which it is made. We undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. Please refer to our earnings release for further information on forward-looking statements and for explanations on the use of non-GAAP financial information.

You can also obtain more information about Deltek, including review in our SEC filings and press releases by visiting www.deltek.com.

And with that, I’ll turn today’s call over to Kevin.

Kevin Parker

Thanks, Dave. Good afternoon, everyone and welcome to our Q4 earnings call. As we've seen across the entire software industry, Q4 was an extremely challenging quarter and Deltek isn’t immune to the factors impacting other software companies. While we are impacted by many of the same economic forces, we also saw significant progress in many areas across the company, controlled our cost very carefully, focused on our profitability and cash flow, met our revenue goals and delivered bottom line results which exceeded our objectives and expectations.

At a high level we saw the same economic factors that we discussed in Q3 continue into the fourth quarter. License revenue from our A&E and professional services customers continued to be challenged as the global economic recession affected those customers the most adversely, directly impacting their confidence in the future and many of their businesses. The result in many cases was the post permanent delay of software purchasing decisions and the lengthening of sales cycles.

Well, our overall A&E pipeline remains healthy and we continue to be engaged with many of those customers, the primary concern of senior A&E decision makers is the continuing economic uncertainty, forcing many to adopt a wait and see posture regarding almost any new purchase or new activity. That wait-and-see attitude was universally felt across all segments of the A&E market with both our direct customers and with our channel partners.

Source

Composite Technology to Host Conference Call to Discuss December Quarter Results

Composite Technology Corporation (CTC) (OTCBB: CPTC) announced today that management plans to host a conference call on Wednesday the 18th of February, 2009 at 1:30 PM Pacific time (4:30 PM Eastern time) to discuss results for the Quarter ending December 31, 2008. Analysts and institutional investors may participate by calling 1-800-7..., or internationally by dialing +1-480-.... A live audio webcast will be available at http://viavid.net/dce.aspx?sid=00005DD1 and the broadcast will be archived and available for replay for one year. CTC expects to file its Form 10-Q with the Securities and Exchange Commission for the quarter ended December 31, 2008 on February 17th, 2009.

About CTC:

Composite Technology Corporation, based in Irvine, California, USA, develops, manufactures and sells innovative high performance electrical transmission and renewable energy generation products through its subsidiaries:

CTC Cable Corporation produces composite rod for use in its patented high efficiency ACCC* conductors, used in electrical transmission grids. ACCC(TM) conductors have less line loss compared to similar diameter conventional conductors and therefore enable power generators to reduce the amount of generation while still delivering the same power to customers. Our conductors have demonstrated significant savings in upgrade capital costs as well as operating expenses when substituted in grid systems. ACCC(TM) conductors enable grid operators to reduce blackouts and brownouts by providing reserve electrical capacity, since they can be operated at higher temperatures without significant thermal line sag. ACCC(TM) conductors are an economical solution for reconductoring power lines, constructing new lines and crossing large spans. ACCC(TM) core is produced by CTC Cable and delivered to licensed qualified conductor manufacturers worldwide for ACCC(TM) conductor production and resale into local markets.

DeWind Inc. designs, produces, and sells the DeWind series of wind energy turbines, including the new 2 megawatt (MW) D8.2 model in both 60Hz and 50Hz, the 2MW D8 model in 50Hz, and the 1.25MW D6 model in 50Hz. The D8.2 turbine uses a WinDrive® hydrodynamic torque converter, by Voith AG, in combination with a synchronous high voltage generator that is synchronized directly to the grid without the use of power conversion electronics. DeWind D8.2 turbines are assembled at TECO Westinghouse Motor Co., in Texas.

*ACCC is a trademark of CTC Cable Corporation

For further information visit our website: www.compositetechcorp.com. Investor Relations Contact: James Carswell, +1-949-428-8500.

This press release may contain forward-looking statements, as defined in the Securities Reform Act of 1995 (the "Reform Act"). The safe harbor for forward-looking statements provided to companies by the Reform Act does not apply to Composite Technology Corporation (the "Company"). However, actual events or results may differ from the Company's expectations on a negative or positive basis and are subject to a number of known and unknown risks and uncertainties including, but not limited to, new or revised governmental laws and regulations (or the lack thereof) that affect wind energy, competition with larger companies, development of and demand for a new technology, risks associated with a startup company, the ability of the company to convert quotations and framework agreements into firm orders, our customers' fulfillment of payment obligations under the respective supply agreement, our ability to deliver reliable turbines on a timely basis, general economic conditions, the availability of funds for capital expenditure and financing in general by us and our customers, availability of timely financing, cash flow, securing sufficient quantities of essential raw materials, timely delivery by suppliers, ability to produce the turbines and acquire their components, ability to maintain quality control, collection-related and currency risks from international transactions, the successful outcome of joint venture negotiations, or the Company's ability to manage growth. Other risk factors attributable to the Company's business may affect the actual results achieved by the Company, including those that are found in the Company's Annual Report filed with the SEC on Form 10-K for fiscal year ended September 30, 2008 and subsequent Quarterly Reports on Form 10-Q and subsequent Current Reports filed on Form 8-K that will be included with or prior to the filing of the Company's next Quarterly or Annual Report.

Investor Relations Contact:
James Carswell
+1-949-428-8500

Global Crossing Announces Conference Call for Fourth Quarter and Full Year 2008 Results

Global Crossing (Nasdaq: GLBC), a leading global IP solutions provider, will conduct a conference call on Tuesday, February 17, 2009 at 9:00 a.m. EST. CEO John Legere and CFO John Kritzmacher will discuss the company's financial results for the fourth quarter and full year of 2008.

NOTE: Global Crossing will issue the earnings press release on Monday, February 16, 2009 after 4:00 p.m. EST.

The call may be accessed on Tuesday, February 17, 2009 by dialing +1-212- 231-2906 or, if calling from within the United Kingdom, by dialing +44.... Callers are advised to access the call 15 minutes prior to the start time. A Webcast with presentation slides will be available at http://investors.globalcrossing.com/events.cfm.

A replay of the call will be available on Tuesday, February 17, 2009 beginning at 11:30 a.m. EST and will be accessible until Tuesday, February 24, 2009 at 11:30 a.m. EST. To access the replay, callers should dial +1-402- 977-9140 or +1-... and enter reservation number 21414828. Callers in the United Kingdom should dial +44-... or +44-(0)800-692-0831 and enter reservation number 21414828.

ABOUT GLOBAL CROSSING

Global Crossing (NASDAQ: GLBC) is a leading global IP solutions provider with the world's first integrated global IP-based network. The company offers a full range of secure data, voice, and video products to approximately 40 percent of the Fortune 500, as well as to 700 carriers, mobile operators and ISPs. It delivers services to more than 690 cities in more than 60 countries and six continents around the globe.

Website Access to Company Information

Global Crossing maintains a corporate website at www.globalcrossing.com, and you can find additional information about the company through the Investors pages on that website at http://investors.globalcrossing.com. Global Crossing utilizes its website as a channel of distribution of important information about the company. Global Crossing routinely posts financial and other important information regarding the company and its business, financial condition and operations on the Investors web pages.

Visitors to the Investors web pages can view and print copies of Global Crossing's SEC filings, including periodic and current reports on Forms 10-K, 10-Q and 8-K, as soon as reasonably practicable after those filings are made with the SEC. Copies of the charters for each of the standing committees of Global Crossing's Board of Directors, its Corporate Governance Guidelines, Ethics Policy, press releases and analysts presentations are all available through the Investors web pages.

Please note that the information contained on any of Global Crossing's websites is not incorporated by reference in, or considered to be a part of, any document unless expressly incorporated by reference therein.

CONTACT
GLOBAL CROSSING: Press Contact Michael Schneider +1-973-937-0146 michael.schneider@globalcrossing.com Analysts/Investors Contact
Suzanne Lipton +1-800-836-0342 glbc@globalcrossing.com

Source

Intelligroup, Inc. Q4 2008 Earnings Call Transcript

Intelligroup, Inc. (ITIG)

Q4 2008 Earnings Call Transcript

February 13, 2009 10:00 am ET

Executives

Norberto Aja – IR, Jaffoni & Collins Inc.

Vikram Gulati – President & CEO

Alok Bajpai – CFO

Analysts

Tim Brown – Roth Capital

George Milos [ph] – MDH Management

Presentation

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Intelligroup Fourth Quarter Conference Call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question-and-answer session. (Operator instructions).

As a reminder, this conference is being recorded Friday, February 13, 2009. It is my pleasure to introduce Norberto Aja, Investor Relations. Please go ahead, sir.

Norberto Aja

Thank you, operator, and thank you everyone for joining our fourth quarter call. In a moment, Vikram Gulati, President and CEO, along with Alok Bajpai, CFO, will review the quarter and then we'll open the call to questions.

However, before we get started, I'd like to remind everyone of the Safe Harbor statement included in the press release and that precautionary statements apply to today's conference call as well. During the course of the call, the company may make forward-looking statements that reflect management's current expectations regarding future performance or events, including those related to market demand for our services, strategic partnerships, future share repurchases and future sales.

Although management believes that the expectations reflected in such statements are reasonable, they give no assurance that such expectations will prove to be correct, and you should be aware that actual results could differ materially from those that are contained in the forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties, including but not limited to, the variability of quarterly operating results, continued uncertainty of the IT market, loss of one or more significant customers, reliance on large projects, concentration of revenue, ability to attract and retain professional staff, dependence on key personnel, various project and associated risks, including termination with short notice, substantial competition, general economic conditions, volatility in quarterly operating results caused by fluctuations in the currency markets, risks associated with intellectual property rights, risks associated with international operations, and other risks detailed from time to time in the company's filings with the SEC, including the company's Form 10-K for the fiscal year ended December 31, 2007.

The company's forecasts are dynamic and subject to change. Therefore, this forecast speaks only as of the date of this conference call and webcast, today, February 13, 2009. The company assumes no obligation to update the information contained in today's call.

With that, I would now like to turn the call over to Vikram Gulati, CEO and President of Intelligroup. Vikram?

Vikram Gulati

Thank you, Norberto, and good morning to everyone here in the US and good evening to those of you in Asia. We are very happy that were able to join us today.

As we begin today's discussion by offering those new to Intelligroup a quick overview of what we do and how we differentiate ourselves in the IT market. Intelligroup is an ERP focused enterprise application system integrator. That means that we help companies align and optimize the technology platforms, primarily the enterprise resource planning of ERP systems with their businesses. We do this by planning, consulting, building and managing ERP solutions that address critical business functions such as supply chain management, sales and marketing, manufacturing processes, financial reporting, including AP/AR journal legend, human resources, inventory management, purchasing, costing, billing and activity management, and finally company support and other critical functions.

source

National Fuel Gas Co. F1Q09 (Qtr End 12/31/08) Earnings Call Transcript

Executives

James C. Welch - Director, Investor Relations

David F. Smith - President and Chief Executive Officer

Matthew D. Cabell - President of Seneca Resources Corporation

Ronald J. Tanski - Treasurer and Principal Financial Officer

Analysts

Carl Kirst - BMO Capital Markets

Shneur Gershuni - UBS

Rebecca Followill - Tudor Pickering &Co.

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the First Quarter 2009 National Fuel Gas Company Earnings Conference Call. My name is Shannon and I'll be your coordinator for today. At this time, all participants are in listen-only mode. We will be facilitating a question-and-answer session towards the end of this conference. (Operator Instructions). As a reminder, this conference is being recorded for replay purposes.

I would now like to turn the presentation over to your host for today's call, Mr. Jim Welch, Director of Investor Relations. Please proceed.

James C. Welch

Thank you and good morning everyone. Thank you for joining us on today's conference call for a discussion of last evening's earnings release. With us on the call from National Fuel Gas Company are Dave Smith, President and Chief Executive Officer; and Ron Tanski, Treasurer and Principal Financial Officer. Joining us from Seneca Resources Corporation is Matt Cabell, President. At the end of the prepared remarks, we'll open the discussion for questions.

We'd like to remind you that today's teleconference will contain forward-looking statements. While National Fuel's expectations, beliefs and projections are made in good faith, and are believed to have a reasonable basis, actual results may differ materially. These statements speak only as of the day on which they are made, and you may refer to last evening's earnings release for a listing of certain specific risk factors.

With that, we'll begin with Dave Smith.

David F. Smith

Thank you, Jim, and good morning to everyone. Last night, we reported a net loss for our first fiscal quarter of $0.07 per share. A sharp drop in crude oil and natural gas prices required us to take a $108 million after tax charge, to write down the book value of our exploration and production assets. While disappointing, it was expected, its non-cash, and it's important to realize this impairment was entirely price driven, with no significant loss reserves. Our reserves are still in place, and as they are produced, they will contribute to future earnings.

As we've said in the past, diversity of assets is a defining characteristics of National Fuel's long-term strategy. Our regulated operations, which are not greatly impacted by short-term swings in commodity prices, act as a natural hedge to our more price sensitive E&P operations. The benefit of our diversified and balanced portfolio of assets was readily evident in this quarter's results. While lower crude oil prices and hurricane related production shut-ins Gulf, our Seneca's recurring operating results to drop by $0.08 per share.

Our utility and our pipeline and storage operations posted strong results; results that largely offset the reduction at Seneca. Consequently, consolidated operating results were down only $0.02 per share, compared to the prior year's record first quarter.

Source

Icahn to Nominate Biogen Directors in Control Bid

Investor Carl Icahn will nominate four directors to Biogen Idec Inc.’s board, signaling the billionaire’s second run for control of the biotechnology company.

Biogen received notice that Icahn intends to nominate the slate of directors at the company’s annual meeting and fix the size of the board at its current 13, the Cambridge, Massachusetts company said today in a statement. Icahn Capital LP and Icahn Associates owned a combined 6 percent stake in Biogen as of Sept. 30, making the investor and his funds the fourth-largest shareholder.

Biogen, the world’s biggest maker of multiple sclerosis drugs, first became embroiled in a battle for control with Icahn in December 2007, when it ditched a plan to sell itself. Icahn, known for buying into companies he deems undervalued and pushing for change or a sale, lost an ensuing proxy fight with the company in June. Biogen shares have declined 30 percent since the company abandoned efforts for a sale.

“I assume Icahn wants to make it easier to sell” the company, said Jason Zhang, an analyst at Bank of Montreal in New York, in a telephone interview today. “We agree this time that Biogen is a pretty good takeover target.”

Biogen’s board “will review the notice and consider it in light of the best interests of all shareholders of the company,” the company said in the statement.

Icahn nominated Alex Denner, Richard Mulligan, Thomas Deuel, and David Sidransky for the board positions, according to Biogen’s statement. He also wants to move the company’s jurisdiction of incorporation to North Dakota. Icahn and Denner did not immediately return telephone calls seeking comment.

Shares Decline

Biogen sank 80 cents, or 1.5 percent to $52.48 at 4:10 p.m. New York time, in Nasdaq Stock Market composite trading, after the company reported that fourth-quarter sales of its MS drug Tysabri rose less than analysts projected. Biogen’s fourth- quarter profit rose 2.7 percent to $206.7 million from the same period a year earlier.

The company today also reported a new case of the brain illness, progressive multifocal leukoencephalopathy, in a Tysabri user. The latest case adds to four other Tysabri patients that have developed PML since July. In December, Biogen reported one of those patients had died. Tysabri was once pulled from the market because of the fatal brain infection.

Biogen’s share of Tysabri sales increased 74 percent to $156 million. Global net sales of Tysabri were $218 million, less than the $250 million expected by J.P. Morgan analyst Geoffrey Meacham. The company may not reach its goal set 18 months ago of 100,000 patients on therapy by the end of 2010, Chief Executive Officer James Mullen said today in a conference call with analysts.

Sale Prospects

Uncertainty about Tysabri’s growth may dim Biogen’s prospects as a takeover target, said analyst Christopher James, of Rodman and Renshaw, in a telephone interview today.

“The investment community continues to focus on Tysabri growth, whether that’s the right way to value the company or not,” James said.

Still, Biogen’s pipeline of drugs in development may make it attractive to some suitors, especially its experimental treatment for heart failure, James said. Biogen has five drugs in late-stage testing, the company said today in the conference call. They include treatments for heart disease and MS.

Previous Offer

On Oct. 11, 2007, Biogen disclosed that Icahn offered $23 billion, or about $82 a share, for the company, representing a 22 percent premium over its $67.12 closing price the day before. The company had received no other offers and ended efforts to sell itself. The following January, Icahn proposed a slate for Biogen’s board, calling the bid process “flawed.” His slate of nominees won less than 25 percent of shareholders’ votes cast, according to Biogen.

Biogen said it hasn’t set a date yet for its 2009 annual, though historically it has been held in May or June.

In recent years, Icahn has purchased shares of biotechnology companies, whose products may attract big drugmakers seeking acquisitions. On Jan. 30, he announced plans to nominate five directors to Amylin Pharmaceuticals Inc.’s board, and boosted his holdings in the company to 9.4 percent on Feb. 5.

Icahn’s latest moves mirror his dealings with ImClone Systems Inc., in which the investor doubled his holdings in the company in 2006, engineered his election to the board and pushed for a sale. Eli Lilly & Co. bought ImClone last November for $6.3 billion, or $70 a share.

Source

CoStar Group to Report Financial Results for Fourth Quarter and Full-Year 2008 On February 18, 2009

Earnings Report to be Issued After Market Close On Wednesday, February 18; Conference Call to Discuss 2008 Financial Results and Company's Outlook for 2009 Scheduled for 11:00 AM EST On Thursday, February 19

CoStar Group, Inc. (Nasdaq:CSGP), the number one provider of information/marketing services to the commercial real estate industry, will announce financial results for the fourth quarter and full-year of 2008 following the market close on Wednesday, February 18, 2009. Management will conduct a conference call to discuss the results and the company's outlook for 2009 at 11:00 AM EST on Thursday, February 19.

To participate in the conference call, please dial (80... (from the United States and Canada) or (612) 288-0340 (from all other countries) and refer to conference 984704. Investors may also listen to an audio webcast of this conference call by accessing the link in the Investors section of CoStar's web site at www.CoStar.com.

An audio recording of the conference will be available for replay approximately one hour after the call's completion and remain available through midnight on March 5, 2009. To access the recorded call, please dial (800) 4... (from the U.S. and Canada) or (320) 3... (from all other countries) using access code 984704. The webcast replay will also be available in the Investors section of CoStar Group's web site for a period of time following the call.

About CoStar Group, Inc.

CoStar Group, Inc. (Nasdaq:CSGP) is the number one provider of information/marketing services to commercial real estate professionals in the United States as well as the United Kingdom. CoStar's suite of services offers customers access via the Internet to the most comprehensive database of commercial real estate information throughout the U.S. as well as in the United Kingdom and France. Headquartered in Bethesda, MD, CoStar has approximately 1,300 people working for the company worldwide, including the largest professional research organization in the industry. For more information, visit http://www.costar.com.

This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's expectations, beliefs, intentions or strategies regarding the future. These statements are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. More information about potential factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to, those stated in CoStar's filings from time to time with the Securities and Exchange Commission, including CoStar's Form 10-K for the year ended December 31, 2007, and CoStar's Form 10-Q for the quarter ended September 30, 2008, under the heading "Risk Factors." All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update such statements.

CONTACT: CoStar Group, Inc.
Analysts/Investors:
Brian J. Radecki, Chief Financial Officer
(301) 664-9132
bradecki@costar.com
Media:
Timothy J. Trainor, Communications Director
(301) 280-7695
ttrainor@costar.com
Source

PharMerica Corporation Q4 2008 Earnings Call Transcript

Executives

Teri Hartlage – Vice President of Finance

Greg Weishar – Chief Executive Officer

Mike Culotta – Chief Financial Officer

Berard Tomassetti – Senior Vice President and Chief Accounting Officer

Analysts

Glen Santangelo – Credit Suisse

Brendan Strong – Barclays Capital

Frank Morgan – RBC Capital Markets

Albert Rice – Soleil Securities

Constantine Davides – JMP Securities

Eric Gommel – Stifel Nicolaus

Robert Willoughby – Banc of America

Mike Petusky – Noble Research

Presentation

Operator

Welcome to the fourth quarter and year-end 2008 PharMerica Corporation Earnings Conference Call. My name is Latrice, and I'll be your coordinator for today’s conference. (Operator Instructions). At this time, I would now like to turn the presentation over to your host for today's call, Ms. Teri Hartlage, Vice President of Finance. Please proceed.

Teri Hartlage

Good morning and thank you for joining us for the 2008 fourth quarter and year-end conference call for PharMerica Corporation. On the call with me today are Greg Weishar, Chief Executive Officer, Mike Culotta, Executive Vice President and Chief Financial Officer, and Berard Tomassetti, Senior Vice President and Chief Accounting Officer.

Before beginning our remarks regarding the fourth quarter and year-end results, I would like to make a cautionary statement. During the call today, we will make forward-looking statements about our business prospects and financial expectations. We want to remind you that there are many risks and uncertainties that could cause our actual results to differ materially from our current expectations.

In addition to the risks and uncertainties discussed in yesterday's press release and in the comments made during this conference call, more detailed information about additional risks and uncertainties may be found in our SEC filings, including our annual report on Form 10-K. Copies of these documents may be obtained from the SEC or by visiting the Investor Relations section of our website. PharMerica assumes no obligation to update these matters discussed on the call.

During this call, we will be referring to non-GAAP financial measures. These non-GAAP measures are not prepared in accordance with generally accepted accounting principles. A reconciliation of the non-GAAP financial measures to the most directly comparable GAAP measures is available on our fourth quarter and year end 2008 financial results press release. We have made available to you our press release and our 10-K filed with the SEC. In addition, this webcast will be on our website along with the transcript from this call.

I would now like to turn the presentation over to Greg.

Greg Weishar

Welcome everyone. As always, we are pleased to have the opportunity to discuss our company's results today, and we thank you for your attendance. Before I get started with the financial highlights, let me remind you that from a comparative financial standpoint the combined businesses of KPS and PharMerica LTC were merged on July 31, 2007. Therefore, the results for the year ending December 31, 2007, represent the results of operations and cash flows of KPS for those full 12-month periods and PharMerica LTC effective August 1, 2007.

Yesterday evening, we released our fourth quarter and year-end results and we filed our 10-K. The diluted earnings per share for the year were $0.17 and our diluted loss per share was $0.18 for the quarter. Integration, merger-related costs, and other charges represented $8.9 million or $0.20 diluted loss per share for the quarter and represented $26.7 million or $0.53 diluted loss per share for the fiscal year. We took an impairment charge for intangible assets of $14.8 million or $0.30 diluted loss per share for the fiscal year and the quarter. Excluding the integration, merger-related costs and other charges, the impairment charge, and the effect of a favorable tax ruling, our diluted earnings per share totaled $0.26 for the quarter and $1.00 for the year. Our total revenues were $480 million during the quarter, and we dispensed approximately 10 million prescriptions in that period.

Source

Baldor Electric Co. Q4 2008 Earnings Call Transcript

Executives

Tracy L. Long - Vice President of Investor Relations

John McFarland - Chairman and Chief Executive Officer

Ronald Tucker - President and Chief Operating Officer

Analysts

Steven Sanders - Stephens, Inc.

Kristine Kubacki - Avondale Partners

Yilma Abebe - JPMorgan

John Franzreb - Sidoti & Company, LLC

Brian Meyer - Robert W. Baird

Manish Somaiya - Citigroup

Tom Lamb - Weybosset Research

Presentation

Operator

Good morning, everyone and welcome to Baldor Electric Company's Fourth Quarter 2008 Earnings Results Conference Call. This call is being recorded. With us today from the company is John McFarland, Chairman and Chief Executive Officer; Ron Tucker, President and Chief Operating Officer; and Tracy Long, Vice President of Investor Relations.

At this time I'd like to turn the conference over to Ms. Long. Please go ahead.

Tracy L. Long

Thank you, Dustin. And good morning, everybody. We appreciate your time. Thanks for being here today. Our press release was filed yesterday afternoon and you can find the copy on our website, if you don't have one already. I need to remind everybody that some of the comments we make today may be forward-looking statements. Such statements are not guarantees and therefore our actual results could be materially different.

With that I'll turn the call over to John.

John McFarland

Thank you, Tracy. And good morning, everyone. Thank you for joining us this morning for our year-end conference call.

I am pleased to again report record sales for both the fourth quarter and the year. Fourth quarter sales of $474 million were up 4% over 2007. Net earnings in the fourth quarter were not a record, net earnings in the fourth quarter were $18.6 million, down 22% from 2007 net earnings of $23.4 million. Earnings per share in the quarter were $0.40, down 20% from 2007.

For the full year sales were a record at $1.954 billion, up 7% and net earnings were a record $99.4 million, up from $94.1 million in the year before or up 6%. Earnings for the full year were $2.15 per share, up 3% from $2.08 in 2007.

During the year cash flow from operations allowed us to repay $49.4 million of our debt and also acquire Maska, a company up in Canada for a little over $40 million. Maska is a great addition to our company and is performing well. We are really proud that they are now part of Baldor.

While the quarter started on a very positive note, it did not end that way. On December 15th, total sales for the company were up approximately 10% for the quarter. Over the next three weeks we saw extended closings by many of our customers. We saw our distributor customers aggressively reduce inventories and by the end of December, sales were down 16% for the month.

Even though our sales in December were more than $35 million less than the month of October, we did have the best operating margin of the quarter in December. We believe this along with the results from January are clear evidence of the success of our cost reduction efforts.

As we previously announced, we expect to reduce costs in 2009 by approximately $80 million through the elimination of overtime, a hiring freeze, a reduction in discretionary spending and lower interest expense on our debt.

January results show we are achieving all of our targets in these areas. January sales were down nearly 9% disappointing, but somewhat of a rebound from the 16% decline in December. While earnings in January were down less than 17% contrasting with the fourth quarter when sales were up 4% and earnings down 20%. While we aren't happy sales and earnings were down in January, these results are evident that our cost savings are developing and we expect them to build throughout the balance of the year.

Later in the year we will update you on our targets and report in more detail on our progress. read more

AeroGrow to Host Conference Call on Thursday, February 12, 2009, to Review Quarterly Financial Results

AeroGrow International, Inc. (NASDAQ: AERO | Quote | Chart | News | PowerRating) ("AeroGrow" or the "Company"), makers of the AeroGarden(R) line of indoor gardening products, will host a conference call on Thursday, February 12, 2009, to review operational results for the quarter ended December 31, 2008.

The conference call is scheduled for 12:00 PM (noon) ET. To participate in the call, please dial

U.S. and Canada: 1 (... International: 1 (647) 427-3417

A replay of the call will be available within 12 hours of completion. You will be able to access it for the following 30 days through the AeroGrow website at www.aerogrow.com/investors or by phone until March 12, 2009. To access the replay by phone, please dial:

U.S. and Canada: 1 (80... International: 1 (402) ... Conference ID: 84211496

About AeroGrow International, Inc.

Founded in 2002 in Boulder, Colorado, AeroGrow International, Inc. is dedicated to the research, development and marketing of the AeroGarden(R) line of foolproof, dirt-free indoor gardens. AeroGardens allow anyone to grow farmer's market fresh herbs, salad greens, tomatoes, chili peppers, flowers and more, indoors, year-round, so simply and easily that no green thumb is required. See www.aerogrow.com.

FORWARD-LOOKING STATEMENTS

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements by Jerry Perkins, and/or the Company, statements regarding growth of the AeroGarden product line, optimism related to the business, expanding sales and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business. Words such as expects, anticipates, intends, plans, believes, sees, estimates and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many factors including continued market acceptance of the Company's products or the need to raise additional capital. In addition, actual results could vary materially based on changes or slower growth in the indoor garden market; the potential inability to realize expected benefits and synergies; domestic and international business and economic conditions; changes in customer demand or ordering patterns; changes in the competitive environment including pricing pressures or technological changes; technological advances; shortages of manufacturing capacity; future production variables impacting excess inventory and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

CONTACTS: Corporate John Thompson AeroGrow International, Inc. (303) 4... Email Contact

SOURCE: AeroGrow International, Inc.

AeroGrow to Host Conference Call on Thursday, February 12, 2009, to Review Quarterly Financial Results

AeroGrow International, Inc. (NASDAQ: AERO) ("AeroGrow" or the "Company"), makers of the AeroGarden® line of indoor gardening products, will host a conference call on Thursday, February 12, 2009, to review operational results for the quarter ended December 31, 2008.


The conference call is scheduled for 12:00 PM (noon) ET. To participate in the call, please dial

U.S. and Canada: 1 (888) 241-0558
International: 1 (647) 427-3417


A replay of the call will be available within 12 hours of completion. You will be able to access it for the following 30 days through the AeroGrow website at www.aerogrow.com/investors or by phone until March 12, 2009. To access the replay by phone, please dial:

U.S. and Canada: 1 (800) 839-9820
International: 1 (402) 220-4281
Conference ID: 84211496

About AeroGrow International, Inc.

Founded in 2002 in Boulder, Colorado, AeroGrow International, Inc. is dedicated to the research, development and marketing of the AeroGarden® line of foolproof, dirt-free indoor gardens. AeroGardens allow anyone to grow farmer's market fresh herbs, salad greens, tomatoes, chili peppers, flowers and more, indoors, year-round, so simply and easily that no green thumb is required. See www.aerogrow.com.

FORWARD-LOOKING STATEMENTS

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements by Jerry Perkins, and/or the Company, statements regarding growth of the AeroGarden product line, optimism related to the business, expanding sales and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business. Words such as expects, anticipates, intends, plans, believes, sees, estimates and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many factors including continued market acceptance of the Company's products or the need to raise additional capital. In addition, actual results could vary materially based on changes or slower growth in the indoor garden market; the potential inability to realize expected benefits and synergies; domestic and international business and economic conditions; changes in customer demand or ordering patterns; changes in the competitive environment including pricing pressures or technological changes; technological advances; shortages of manufacturing capacity; future production variables impacting excess inventory and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

CONTACTS:
Corporate
John Thompson
AeroGrow International, Inc.
(303) 444-7755
Email Contact

Source

Cambrex to Announce Fourth Quarter 2008 Financial Results on February 11, 2009

Cambrex Corporation (NYSE: CBM) announced that it will release fourth quarter 2008 financial results on Wednesday, February 11, 2009 after the market closes.

(LOGO: http://www.newscom.com/cgi-bin/prnh/20000613/CAMBREXLOGO)

The Company will host a conference call to discuss the fourth quarter 2008 financial results.

Fourth Quarter 2008 Earnings Conference Call

When: Thursday, February 12, 2009 at 8:30 a.m. Eastern Time

Dial-in: 1-888-634-4003 for U.S.
1-706-634-6653 for International
Pass code: 84377791

Dial-in Replay: 1-800-642-1687 for U.S.
1-706-645-9291 for International
Pass code: 84377791
Available through Thursday, February 19, 2009

Webcast: www.cambrex.com
Available for 30 days following the conference call

About Cambrex

Cambrex provides products and services to accelerate the development and commercialization of small molecule therapeutics including active pharmaceutical ingredients ("API"), advanced intermediates, enhanced drug delivery, and other products for branded and generic pharmaceuticals. For more information, please visit www.cambrex.com.

Contact: Stephanie LaFiura
IR Associate
Phone: 201-804-3037
Email: stephanie.lafiura@cambrex.com

Source

LB Foster Company Q4 2008 Earnings Call Transcript

LB Foster (FSTR)

Q4 2008 Earnings Call

January 30, 2009 1l:00 am ET

Executives

Stan Hasselbusch - Chief Executive Officer and President

David Russo - Chief Financial Officer

Analysts

Liam Burke - Janney Montgomery Scott

Mark Zinski - 21st Century Equity Research

Scott Blumenthal - Emerald Advisers, Inc.

Tom Spiro - Spiro Capital

Presentation

Operator

Thank you for your patience, and welcome to the Fourth Quarter, 2008, LB Foster Earnings Conference Call. My name is Candice, and I’ll be your coordinator for today. (Operator instructions).

I would now like to turn the presentation over to your host for today’s conference, Chief Financial Officer, Mr. David Russo. Sir, you may proceed.

David Russo

Thank you Candice. Good morning ladies and gentlemen. Thank you for joining us for LB Foster Company’s Earnings Conference Call to review the company’s fourth quarter, 2008 operating results. My name is David Russo and I’m the Chief Financial Officer of LB Foster. Also on the call today is Mr. Stan Hasselbusch, LB Foster’s President and CEO.

This morning, Stan will provide an overview of the company’s fourth quarter performance, give an update on critical business issues and discuss market conditions. Afterward I will review the earning’s press release issued earlier this morning, and then we will open up the session for questions.

Means to access this conference call via webcast were disclosed in our earnings press release, and were posted on the LB Foster company website under the investor relations page. This webcast will be archived and available for seven days.

Today’s call includes forward looking statements and information within the meeting of the Private Securities Litigation Reform Act of 1995. Such statements relate to future events and expectations, and include known and unknown risks and uncertainties. Future actual results may differ greatly from these statements and expectations that are expressed today.

All participants are encouraged to refer to LB Foster’s annual report on form 10-K for the year ended December 31, 2007; as well as to other documents filed with the Securities and Exchange Commission for additional information about LB Foster.
read more

Arctic Cat Inc. F3Q09 (Qtr End 12/31/08) Earnings Call Transcript

Arctic Cat Inc. (ACAT)

F3Q09 Earnings Call

January 29, 2009 11:00 am ET

Executives

Shawn Brumbaugh - Padilla Speer Beardsley Inc.

Claude J. Jordan - President, Chief Operating Officer

Timothy C. Delmore - Chief Financial Officer, Corporate Secretary

Christopher A. Twomey - Chairman and Chief Executive Officer

Analysts

James Hardiman - Ftn Midwest Securities Corp.

Cassandra Stevenson - Keybanc Capital Markets

Brandon Taylor - Raymond James

Craig Kennison - Robert W. Baird

Presentation

Operator

Good morning ladies and gentlemen and welcome to Arctic Cat Fiscal Third Quarter 2009 Conference Call. (Operator Instructions). This conference is being recorded today, January 29, 2009. I would now like to turn the conference over to Shawn Brumbaugh at Padilla. Please go ahead ma’am.

Shawn Brumbaugh

Thank you and thank you for joining us this morning. I am Shawn Brumbaugh with Padilla Speer Beardsley. On our call today will be Chris Twomey, Chairman and Chief Executive Officer of Arctic Cat; Claude Jordan, President, Chief Operating Officer; and Tim Delmore, Chief Financial Officer. Before the market opened this morning Arctic Cat released results for its fiscal 2009 third quarter and nine months ended December 31, 2008.

Chris will review the company’s performance and Tim will take you through the financials. After that we will have time for your questions.

Before we begin, please note that some of the comments made today will be forward-looking statements regarding the company’s expectations of future performance. Such statements are subject to risks and uncertainties and actual results may differ materially from those contained in the statements. These risks and uncertainties are described in today’s news release and in the company’s filings with the Securities and Exchange Commission. read more