| United Components Reports Results of Operations for Fourth Quarter 2007
EVANSVILLE, Ind.--United Components, Inc. ("UCI") today announced results for the fourth quarter ended December 31, 2007. Revenue of $240.6 million increased $17.9 million, or 8.1%, compared to the year-ago quarter. The company reported revenue increases in the retail, traditional, heavy duty and OEM channels, and a decline in the original equipment service channel. Net income from continuing operations for the quarter was $12.5 million, including $2.1 million, net of tax, in special charges, related to the integration of our water pump operations, facilities consolidation expenses, costs of establishing new facilities in China, costs of obtaining new business and costs to resolve disputed non-trade receivables. Excluding these charges, adjusted net income from continuing operations would have been $14.6 million for the quarter.
OUTLOOK A2A business plan to give guidance, synergy clarity; buyback possible
MILAN (Thomson Financial) - A2A SpA, the utility created on Jan 1 from the merger of Milan's AEM and ASM Brescia, will release full-year results today but the focus will be squarely on the 2008-2012 business plan which is expected to provide the group's first guidance on EBITDA and investment as well as clarity on synergies, analysts said. The company could also announce a share buyback programme to help fund expansion programmes, they added. Full-year proforma results will be released Thursday, with a proforma comparison for 2006, while the business plan, which will be presented to analysts next Tuesday, is also likely to be released tomorrow, the company said. "I expect visibility on operating guidance and capex spend, on which the company has so far said nothing," one London-based energy analyst said.
(AFX UK Focus) 2008-03-17 17:43 GMT: Milan shares close lower on banking woes; Alitalia, Seat underperform UPDATE
(Updating with full report) MILAN (Thomson Financial) - Share prices closed sharply lower as Wall Street opened in the red following the collapse of Bear Stearns, with Alitalia and Seat PG leading decliners. The Mibtel index was down 3.52 pct at 23,371 points and the S&P/Mib down 3.39 pct at 30,586. Volume traded was an estimated 5.090 bln eur. Alitalia fell 26.59 pct to 0.392 eur, after repeated suspension earlier in the session, following the binding offer this weekend from Air France-KLM, valuing the group at just 0.10 eur per share. Analysts said the crucial part of the operation for the French carrier is securing trade union support. Air France management meets with trade unions tomorrow. The Italian government has called an emergency meeting tonight to discuss the offer.
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