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Companies Facts
Companies – Summaries 3
M (NASDAQ: MMM) reported record first-quar- ter sales of $7.5 billion, up 2.4% year-on-year.
Earnings were $1.59 per share, an increase of 6.7% versus the first quarter of 2011, and operating mar- gins for the quarter were 21.8%.
On a segment basis, sales increased 8.6% in Indus- trial and Transportation, 5.5% in Safety, Security and Protection Services, 4.3% in Consumer and Office and 2.0% in Health Care. Sales declined 3.4% in Electro and Communications and 11.8% in Display and Graphics, both impacted by the consumer elec- tronics industry. On a geographic basis, sales grew 8.4% in Latin America/Canada, 6.3% in the United States and 0.1% in Europe. Sales declined 1.9% in Asia Pacific.
366 Technologies today announced that the US Department of Energy (DOE) has offered a
conditional commitment to the company for a $150 million loan guarantee. 1366 will use the DOE funds to scale its Direct Wafer manufacturing capabilities in Massachusetts and build a second U.S. manuf- acturing facility that will produce the basic building block of solar cells – silicon wafers – at a fraction of today’s cost. The loan will play a critical role in the company’s expansion. 1366 Technologies combines breakthrough innova- tions in silicon cell architecture with lean manufactu-
ring processes to make the world’s most cost effec- tive and commercially viable high efficiency solar cells.
March 31, 2012. Non-GAAP revenue for the quarter ended March 31, 2012 increased $2.3 million to $41.8 million from $39.5 million for the same quar- ter of the previous year, or an increase of 6%.
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Non-GAAP net income was $4.6 million, or $0.08 per diluted share, for the quarter ended March 31, 2012 compared to non-GAAP net income of $4.7 million, or $0.08 per diluted share, for the same quarter of the previous year. Non-GAAP free cash flow was $7.7 million for the quarter ended March 31, 2012 compared to non-GAAP free cash flow of $9.1 million for the same quarter of the previous year.
The company made significant progress on the inte- gration of the VelQuest business. Moreover, Accelrys announced the Accelrys Enterprise Platform.
For the year ending December 31, 2012, the Com- pany expects non-GAAP revenue to be between $165 and $170 million, and non-GAAP diluted earnings per share to be between $0.32 and $0.34
ccelrys, Inc. (NASDAQ:ACCL) reported financial results for the fiscal quarter ended
12-04 :: April/May 2012