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Companies Facts
loss in the June 2011 quarter was $(6.3) million, or $(0.10) per diluted share, compared to net income of $1.5 million, or $0.03 per diluted share in 2010.
Adjusted EBITDA followed the same pattern as revenue during the quarter. The combined Adjusted EBITDA of our light and heavy construction materials segments declined by 44.6% in April 2011 compared to April 2010, but recovered to show slight growth of 0.5% in June 2011 compared to June 2010.
The Company had approximately $34.9 million of cash on hand at June 30, 2011 and total liquidity in excess of $87.7 million, which reflects the impact of Headwaters providing a $16.1 million bond to the court related to the Boynton judgment. Headwaters’ cash cycle reflects a low point of cash during the June quarter as the Company builds receivables, and then generally increases cash through the December quarter. Headwaters increased cash by roughly $15 million during July, even after the repayment of $2.4 million of 14.75% debt. Other than the 2012 put date associated with our 16% debt, we have no debt maturities until 2014.
anostart holding Holmenkol AG and Sabu Schuh- und Marketing, Germany, have agreed
to cooperate in the area of shoe and textile care in future. With 930 members, Sabu is the leading industry association for the specialist shoe retail industry. The cooperation means that Sabu’s central regulation will include care products bearing the “Holmenkol” and “feldten” brands for the first time, with a strong focus on performance-oriented care
H
ynix Semiconductor Inc. (KRX: 000660) and Toshiba Corporation (TOKYO: 6502) have
agreed to strategic collaboration in the joint develop- ment of Spin-Transfer Torque Magnetoresistance Random Access Memory (MRAM), a fast emerging next generation memory device. Once technology development is successfully completed, the compa-
products. Having systematically expanded its product range to include care products for sporting goods and shoes over the past ten years, supplying the approxi- mately 1,000 shoe retailers that are members of Sabu will make an important contribution to strengthening Holmenkol’s care range.
Karim Grueber, CEO of Holmenkol AG, commen- ted: “We are delighted to have entered into a closer cooperation with Sabu. This will support our efforts to further expand our range of high-quality care pro- ducts. Sabu members can benefit from an excellent care range that offers real value added in terms of performance for the end user thanks to its high level of quality.” As an affiliated company of Intersport Deutschland eG, Grueber believes that the coopera- tion with Sabu will naturally complement the existing strong cooperation with Intersport. “This will allow us to leverage synergies within the entire network more effectively in the interests of members.”
http://www.holmenkol.com http://www.sabu.de http://www.nanostart.de http://www.nanostart-asia.com
11-08 :: August 2011