HOUSTON, TX -- (Marketwired) -- 06/19/13 -- Anadarko Petroleum Corporation (NYSE: APC) today announced that Vice President of Investor Relations and Communications John Colglazier will present at the Global Hunter Securities (GHS) 100 Energy Conference on Wednesday, June 26, 2013 at 10:00 a.m. Central in Chicago.
A link to the audio webcast presentation will be available at www.anadarko.com. The audio and slide presentation also will be available on the company's website for approximately 30 days following the event.
Anadarko Petroleum Corporation's mission is to deliver a competitive and sustainable rate of return to shareholders by exploring for, acquiring and developing oil and natural gas resources vital to the world's health and welfare. As of year-end 2012, the company had approximately 2.56 billion barrels-equivalent of proved reserves, making it one of the world's largest independent exploration and production companies. For more information about Anadarko and APC Flash Feed updates, please visit www.anadarko.com.
Source: Anadarko Petroleum Corporation
Sugar Land, Texas (PRWEB) June 19, 2013
Newly-opened Naci's Dollar Store now offers a wide assortment of everything from essentials to accessories at 11315 S Highway 6 (Royale Woodbridge Plaza) in Sugar Land. Naci's is locally owned and operated by James and Angela Robinson and offers traditional dollar store items plus a selection of unique merchandise, including baby items, balloons, batteries, candles, cleaning supplies, crafts, food items, frames, hardware, hair accessories, health and beauty products, housewares, jewelry, paper products, party supplies, pet care items, toys for all ages, office supplies, and much more.
Thanks to an expansive wholesale supplier network, Naci's Dollar Store is able to offer merchandise of a much higher quality than would normally be available for only a dollar.
The Robinsons contracted with Dollar Store Services (DSS) to help develop Naci's. Dollar Store Services and their parent company, Discount Retail Store Services (DRSS) are the largest developers of independent dollar stores in the world. They assist entrepreneurs in securing financing, site location, lease negotiation, operations training, and store build out. They provide an extensive network of suppliers, the lowest price structure in the industry, and free marketing and advertising support for the life of the business. DRSS has helped open over 3,000 stores around the world. Their exclusive process includes all core elements essential to opening a new enterprise. Other DRSS business models include clothing stores, party stores, teen stores, mail box stores, frozen yogurt stores and fitness centers.
According to John LaFronz, DSS General Manager, “James and Angela have been involved in every stage of their store’s development - from choosing the location and merchandise, to undergoing extensive training. Their hard work and dedication are sure to make Naci's a wonderful addition to the Sugar Land community. We wish them every success!”
Read the full story at http://www.prweb.com/releases/2013/6/prweb10850311.htm
San Antonio, TX (PRWEB) June 19, 2013
The Shingo Prize for Operational Excellence, part of the Jon M. Huntsman School of Business at Utah State University, has selected “Healthcare Kaizen” by Mark Graban and Joseph Swartz as a recipient of the Shingo Research and Professional Publication Award. Graban is the chief improvement officer at KaiNexus as well as the founder of LeanBlog.org. Swartz is the director of business transformation at Franciscan St Francis Health.
“Receipt of the Shingo Research and Professional Publication Award signifies authors’ significant contribution to the body of knowledge surrounding operational excellence,” said Robert Miller, executive director of The Shingo Prize. “The intent is to motivate others to learn from them.”
“Healthcare Kaizen” shares some of the improvement methods conducted by physicians, nurses and other clinicians in numerous hospitals around the world, including Franciscan St. Francis Health. Furthermore, the book covers the management mindsets and philosophies the authors claim are required to make “kaizen,” or the continuous search for process improvement opportunities, work effectively in a hospital department or as an organization-wide program.
“Unleashing the energy and creativity of every employee to solve problems everyday should be the sole focus of every healthcare leader,” said John Toussaint, MD, CEO of ThedaCare Center for Healthcare Value. “Unfortunately, there are only a handful of examples where this is happening. ‘Healthcare Kaizen’ provides examples of front-line staff coming up with solutions to problems on their own and implementing them. Healthcare leaders need to read this book to understand that their management role must radically change to one of supporting daily kaizen if quality, safety and cost are to improve in healthcare.”
By “challenging” or applying for an award, authors invite a group of accomplished professionals and trained examiners from The Shingo Prize to thoroughly review their publications. The examiners select the publications they think are worthy of recognition.
Graban and Swartz will receive the award during the opening social of the 26th Annual Shingo International Conference held in Sandusky, Ohio the week of May 5-9, 2014. The opening social is the beginning of this five-day event featuring a selection of workshops, plant tours, keynote speakers and breakout sessions designed to provide ongoing knowledge, insights and experience for organizations in their pursuit of operational excellence.
About The Shingo Prize
The Shingo Prize for Operational Excellence is named after Japanese industrial engineer, Shigeo Shingo. Dr. Shingo distinguished himself as one of the world’s thought leaders in concepts, management systems and improvement techniques that have become known as the Toyota Business System. Drawing from Dr. Shingo’s teachings, The Shingo Prize helps companies and organizations increase their efficiency and effectiveness by developing cultures that continuously strive for improvement. It also awards and recognizes organizations that demonstrate exceptional results from applying its philosophy and recognizes authors who have contributed important insights and applications of the principles it teaches. Those interested in more information about The Shingo Prize may visit http://www.shingo.org.
Read the full story at http://www.prweb.com/releases/2013/6/prweb10850582.htm
Strong Cash Flow from Operations
ST. PETERSBURG, Fla.--(BUSINESS WIRE)-- Today Jabil Circuit, Inc. (NYSE: JBL), announced preliminary, unaudited financial results for its third quarter of fiscal year 2013. For the quarter, Jabil’s revenue increased 5.1 percent to $4.5 billion, over the third quarter of fiscal year 2012.
Jabil’s three reporting segments delivered the following revenue results for the company’s third fiscal quarter:
- Diversified Manufacturing: $1.8 billion.
- Enterprise & Infrastructure: $1.4 billion.
- High Velocity: $1.3 billion.
“We are pleased with our progress on the diversification of our business and the positive benefits it affords the company,” said Jabil’s Chief Executive Officer, Mark T. Mondello. “We expect this diversification to continue during our fourth fiscal quarter as we finalize our acquisition of Nypro, which is expected to close on the 1st of July,” he said.
Other highlights from the quarter included producing $504 million cash flow from operations. “Thanks to the dedication of our global workforce, we have generated $810 million cash flow from operations year to date and are on track to deliver $1 billion for our full fiscal year,” said Mondello.
Generally accepted accounting principles (GAAP) operating income for the third quarter of fiscal year 2013 was $103.7 million and GAAP diluted earnings per share were 24 cents. The company said that $28 million in restructuring activity and a $26 million non-cash charge related to a note receivable and related charges impacted GAAP operating income.
Core operating income results excluding amortization of intangibles, stock-based compensation, restructuring and related charges and impairment of notes receivable and related charges was $176.9 million and core diluted earnings per share was 56 cents.
(Definitions used: "GAAP" means U.S. generally accepted accounting principles. Jabil defines core operating income as GAAP operating income before amortization of intangibles, stock-based compensation expense and related charges, restructuring and related charges, impairment of notes receivable and related charges, goodwill impairment charges, certain distressed customer charges, settlement of receivables and related charges and loss on disposal of subsidiaries. Jabil defines core earnings as GAAP net income before amortization of intangibles, stock-based compensation expense and related charges, restructuring and related charges, impairment of notes receivable and related charges, goodwill impairment charges, certain distressed customer charges, settlement of receivables and related charges, loss on disposal of subsidiaries, certain other expenses, net of tax and certain deferred tax valuation allowance charges. Jabil defines core diluted earnings per share as core earnings divided by the weighted average number of outstanding diluted shares determined under GAAP. Jabil calculates core return on invested capital by annualizing its after-tax core operating income for its most recently-ended quarter and dividing that by a two quarter average net invested capital base. Jabil reports core operating income, core earnings, core diluted and basic earnings per share and core return on invested capital to provide investors an additional method for assessing operating income, earnings, diluted earnings per share and return on invested capital from what it believes are its core manufacturing operations. See the accompanying reconciliation of Jabil's core operating income to its GAAP operating income, its calculation of core earnings and core diluted earnings per share to its GAAP net income and GAAP earnings per share, its calculation of core return on invested capital and additional information in the supplemental information.)
|Net revenue||$4.5 billion||$4.3 billion|
|GAAP operating income||$103.7 million||$156.6 million|
|GAAP net income||$49.6 million||$101.6 million|
|GAAP diluted earnings per share||$0.24||$0.48|
|GAAP return on invested capital||
|Core operating income||$176.9 million||$190.3 million|
|Core earnings||$115.6 million||$134.4 million|
|Core diluted earnings per share||$0.56||$0.64|
|Core return on invested capital||
Fiscal Q4 2013 Guidance, including Nypro acquisition:
|Net revenue||$4.55 billion to $4.65 billion|
|Core operating income||$165 million to $185 million|
|Core earnings per share||$0.50 to $0.58 per diluted share|
|GAAP operating income||$63 million to $83 million|
|GAAP earnings per share||$0.04 to $0.12 per diluted share|
Jabil indicated it expects to incur Nypro-related acquisition costs and purchase accounting adjustments of $10 million during its fourth fiscal quarter. This sum is excluded from the above core operating guidance.
(GAAP earnings per share for the fourth quarter of fiscal 2013 are currently estimated to include $0.02 per share for amortization of intangibles, $0.08 per share for stock-based compensation, $0.32 per share for restructuring and related charges and $.04 for acquisition related charges and adjustments.)
Year over Year Segment Revenue Guidance:
- Diversified Manufacturing Services to remain consistent.
- Enterprise & Infrastructure to remain consistent.
- High Velocity to increase fifteen percent.
In addition to the segment guidance, Jabil announced its intention to realign its global operations to more appropriately reflect current market conditions and customer needs. The company indicated that they began consultation with employees during the third fiscal quarter. Jabil management did not provide specific locations under consideration out of respect for employees, their families and their representatives, and statutory and consultation periods required. The company currently estimates that the realignment could result in approximately $188 million of charges, including the $28 million of charges incurred during the company’s third quarter. It is currently estimated that $60 to $70 million will be recorded in Jabil’s fourth fiscal quarter of 2013 and the balance during its fiscal years 2014 and 2015. Jabil estimates that the majority of the $140 million cash associated with these actions will be used in fiscal 2014.
FORWARD LOOKING STATEMENT: This news release contains forward-looking statements, including those regarding our anticipated financial results for our third quarter of fiscal year 2013; the anticipated closing date of the Nypro acquisition; the continuation of diversification during the fourth fiscal quarter as the Nypro acquisition is finalized; and our currently expected fourth quarter of fiscal year 2013 net revenue (including that of our segments), core operating income, GAAP operating income, core and GAAP earnings per share results and the components thereof. The statements in this news release are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include, but are not limited to: our determination as we finalize our financial results for our third fiscal quarter of fiscal year 2013 that our financial results and conditions differ from our current preliminary unaudited numbers set forth herein; the Nypro transaction failing to close or closing later than expected; our ability to diversify our business during the fourth fiscal quarter; fluctuations in our stock’s market price; fluctuations in operating results and cash flows; unexpected, adverse seasonal impacts on demand; changes in macroeconomic conditions, both in the U.S. and internationally; our financial performance during and after the current economic conditions; our ability to maintain and improve costs, quality and delivery for our customers; risks and costs inherent in litigation; whether our realignment of our capacity will adversely affect our cost structure, ability to service customers and labor relations; our ability to take advantage of perceived benefits of offering customers vertically integrated services; changes in technology; competition; anticipated growth for us and our industry that may not occur; managing rapid growth; managing rapid declines in customer demand and other related customer challenges that may occur; our ability to successfully consummate acquisitions and divestitures; managing the integration of businesses we acquire; risks associated with international sales and operations; retaining key personnel; our dependence on a limited number of large customers; business and competitive factors generally affecting the electronic manufacturing services industry, our customers and our business; other factors that we may not have currently identified or quantified; and other risks, relevant factors and uncertainties identified in our Annual Report on Form 10-K for the fiscal year ended August 31, 2012, subsequent Reports on Forms 10-Q and 8-K and our other securities filings. Jabil disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Supplemental Information: The financial results disclosed in this release include certain measures calculated and presented in accordance with GAAP. In addition to the GAAP financial measures, Jabil provides supplemental, non-GAAP financial measures to facilitate evaluation of Jabil's core operating performance. The non-GAAP financial measures disclosed in this release exclude certain amounts that are included in the most directly comparable GAAP measures. The non-GAAP or core financial measures disclosed in this release do not have standard meanings and may vary from the non-GAAP financial measures used by other companies. Management believes core financial measures (which exclude the effects of the amortization of intangibles, stock-based compensation expense and related charges, restructuring and related charges, impairment of notes receivable and related charges, goodwill impairment charges, certain distressed customer charges, settlement of receivables and related charges, loss on disposal of subsidiaries, certain other expenses, net of tax and certain deferred tax valuation allowance charges) are a useful measure that facilitates evaluating the past and future performance of Jabil's ongoing operations on a comparable basis. Jabil reports core operating income, core return on invested capital, core earnings and core diluted and basic earnings per share to provide investors an additional method for assessing operating income, earnings and earnings per share from what it believes are its core manufacturing operations. Included in this release are Condensed Consolidated Statements of Operations as well as a reconciliation of the disclosed core financial measures to the most directly comparable GAAP financial measures.
Company Conference Call Information: Jabil will hold a conference call to discuss the third fiscal quarter 2013 earnings today at 4:30 p.m. ET live on the Internet at http://www.jabil.com. The call will be recorded and archived on the web at http://www.jabil.com. A taped replay of the conference call will also be available June 19, 2013 at approximately 7:30 p.m. ET through midnight on June 26, 2013. To access the replay, call (855) 859-2056 from within the United States, or (404) 537-3406 outside the United States. The pass code is: 91127885. An archived webcast of the conference call will be available at http://www.jabil.com/investors/.
Jabil is an electronic product solutions company providing comprehensive electronics design, manufacturing and aftermarket product management services to global electronics and technology companies. Offering complete product supply chain management from facilities in 30 countries, Jabil provides comprehensive, individualized-focused solutions to customers in a broad range of industries. Jabil common stock is traded on the New York Stock Exchange under the symbol, “JBL”. Further information is available on Jabil’s website: jabil.com.
|JABIL CIRCUIT, INC. AND SUBSIDIARIES|
|CONDENSED CONSOLIDATED BALANCE SHEETS|
|Cash and cash equivalents||$||1,351,726||$||1,217,256|
|Accounts receivable, net||1,008,106||1,125,015|
|Prepaid expenses and other current assets||1,044,557||989,326|
|Income taxes receivable||11,988||10,949|
|Deferred income taxes||35,508||27,833|
|Total current assets||5,808,189||5,639,328|
|Property, plant and equipment, net||1,939,848||1,779,155|
|Goodwill and intangible assets, net||214,382||214,071|
|Deferred income taxes||95,734||73,411|
|LIABILITIES AND EQUITY|
|Current installments of notes payable and long-term debt||$||9,459||$||18,031|
|Income taxes payable||33,178||35,665|
|Deferred income taxes||6,600||3,955|
|Total current liabilities||4,089,573||3,858,996|
|Notes payable and long-term debt, less current installments||1,651,359||1,658,326|
|Income tax liabilities||81,558||68,525|
|Deferred income taxes||25,710||24,245|
Commitments and contingencies
|Jabil Circuit, Inc. stockholders’ equity:|
|Additional paid-in capital||1,816,335||1,752,847|
|Accumulated other comprehensive income||98,616||106,275|
|Treasury stock, at cost||(670,761||)||(521,231||)|
|Total Jabil Circuit, Inc. stockholders’ equity||2,205,587||2,105,057|
|Total liabilities and equity||$||8,133,484||$||7,803,141|
JABIL CIRCUIT, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except for per share data)(Unaudited)
|Three months ended||Nine months ended|
|May 31,||May 31,||May 31,||May 31,|
|Cost of revenue||4,135,272||3,921,595||12,514,419||11,822,364|
|Selling, general and administrative||164,813||162,748||498,773||481,382|
|Research and development||6,475||6,518||21,393||19,053|
|Amortization of intangibles||3,472||3,454||10,394||13,399|
|Restructuring and related charges||28,392||—||28,392||—|
|Impairment of notes receivable and related charges||25,597||—||25,597||—|
|Interest and other, net||31,850||27,628||92,827||83,227|
|Income before income tax||71,896||128,975||330,241||394,436|
|Income tax expense||22,268||27,377||86,940||80,812|
|Net (loss) income attributable to noncontrolling interests, net of income tax expense||(455||)||278||(1,162||)||1,734|
|Net income attributable to Jabil Circuit, Inc.||$||50,083||$||101,320||$||244,463||$||311,890|
|Earnings per share attributable to the stockholders of Jabil Circuit, Inc.:|
|Weighted average shares outstanding:|
JABIL CIRCUIT, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
|Nine months ended|
|Cash flows from operating activities:|
|Adjustments to reconcile net income to net cash provided by operating activities:|
|Depreciation and amortization||295,710||262,186|
|Recognition of stock-based compensation expense||52,201||59,857|
|Deferred income taxes||(28,635||)||(10,573||)|
|Impairment of notes receivable and related charges||25,597||—|
|Changes in operating assets and liabilities, exclusive of net assets acquired:|
|Prepaid expenses and other current assets||(59,259||)||(201,715||)|
|Accounts payable and accrued expenses||239,209||(52,439||)|
|Income taxes payable||9,067||(8,933||)|
|Net cash provided by operating activities||809,681||191,527|
|Cash flows from investing activities:|
|Acquisition of property, plant and equipment||(452,993||)||(291,792||)|
|Proceeds from sale of property, plant and equipment||11,274||12,555|
|Cash paid for business and intangible asset acquisitions, net of cash acquired||(9,662||)||(125,098||)|
|Cost of receivables acquired, net of cash collections||—||517|
|Investments in non-marketable equity securities||(2,942||)||—|
|Net cash used in investing activities||(454,323||)||(403,818||)|
|Cash flows from financing activities:|
|Borrowings under debt agreements||3,169,401||7,033,854|
|Payments towards debt agreements||(3,184,810||)||(6,783,726||)|
|Payments to acquire treasury stock||(129,262||)||(70,991||)|
|Dividends paid to stockholders||(51,743||)||(48,716||)|
|Dividends paid to noncontrolling interest||—||(333||)|
|Net proceeds from exercise of stock options and issuance of common stock under employee stock purchase plan||10,899||18,576|
|Treasury stock minimum tax withholding related to vesting of restricted stock||(20,268||)||(31,181||)|
|Debt issuance costs||—||(5,014||)|
|Excess tax benefit related to stock awards||330||750|
|Capital contribution to noncontrolling interest||316||—|
|Cash paid to purchase noncontrolling interest||—||(20,501||)|
|Net cash (used in) provided by financing activities||(205,137||)||92,718|
|Effect of exchange rate changes on cash and cash equivalents||(15,751||)||(26,909||)|
|Net increase (decrease) in cash and cash equivalents||134,470||(146,482||)|
|Cash and cash equivalents at beginning of period||1,217,256||888,611|
|Cash and cash equivalents at end of period||$||1,351,726||$||742,129|
|JABIL CIRCUIT, INC. AND SUBSIDIARIES|
|RECONCILIATION OF GAAP FINANCIAL RESULTS TO NON-GAAP MEASURES|
|(in thousands, except for per share data)|
|Three months ended||Nine months ended|
|May 31,||May 31,||May 31,||May 31,|
|Operating income (GAAP)||$||103,746||$||156,603||$||423,068||$||477,663|
|Amortization of intangibles||3,472||3,454||10,394||13,399|
|Distressed customer charge||—||
|Stock-based compensation and related charges||15,688||20,123||52,201||59,857|
|Restructuring and related charges||28,392||—||28,392||—|
|Impairment of notes receivable and related charges||25,597||—||25,597||—|
|Core operating income (Non-GAAP)||$||176,895||$||190,329||$||539,652||$||561,068|
|Net income attributable to Jabil Circuit, Inc. (GAAP)||$||50,083||$||101,320||$||244,463||$||311,890|
|Amortization of intangibles, net of tax||3,186||3,180||9,837||13,099|
|Distressed customer charge||—||10,149||—||10,149|
|Stock-based compensation and related charges, net of tax||16,042||19,792||52,115||58,656|
|Restructuring and related charges, net of tax||26,574||—||26,574||—|
|Impairment of notes receivable and related charges, net of tax||19,747||—||19,747||—|
|Core earnings (Non-GAAP)||$||115,632||$||134,441||$||352,736||$||393,794|
|Earnings per share: (GAAP)|
|Core earnings per share: (Non-GAAP)|
|Weighted average shares outstanding used in the calculations of earnings per share (GAAP and Non-GAAP):|
JABIL CIRCUIT, INC. AND SUBSIDIARIES
RECONCILIATION OF GAAP FINANCIAL RESULTS TO NON-GAAP MEASURES
CALCULATION OF RETURN ON INVESTED CAPITAL AND
CORE RETURN ON INVESTED CAPITAL
The Company calculates: (1) its "Return on Invested Capital" by annualizing its "after-tax GAAP operating income" for its most recently-ended quarter and dividing that by a two quarter average of its "net invested capital asset base" and (2) its "Core Return on Invested Capital" by annualizing its "after-tax non-GAAP core operating income" for its most recently-ended quarter and dividing that by a two quarter average of its "net invested capital asset base."
The Company calculates: (1) its "after-tax GAAP operating income" by subtracting a certain tax effect (the calculation of which is explained below) from its GAAP operating income and (2) its "after-tax non-GAAP core operating income" by subtracting a certain tax effect (the calculation of which is explained below) from its non-GAAP core operating income. See elsewhere in this earnings release for a reconciliation of the Company's non-GAAP core operating income to its GAAP operating income.
The Company calculates "net invested capital asset base" as the sum of the averages (the calculations of which are explained below) of (1) its stockholders’ equity, (2) the non-current portion of its notes payable and long term debt and (3) the current portion of its notes payable and long term debt, less the average (the calculation of which is explained below) of its cash and cash equivalents.
The following table reconciles (1) "Return on Invested Capital," as calculated using "after-tax GAAP operating income" to (2) "Core Return on Invested Capital," as calculated using "after-tax non-GAAP core operating income":
|Three months ended|
|Operating income (GAAP)||$||103,746||$||156,603|
|Tax effect (1)||(22,620||)||(27,625||)|
|After-tax operating income||81,126||128,978|
|Annualized after-tax operating income||$||324,504||$||515,912|
|Core operating income (Non-GAAP)||$||176,895||$||190,329|
|Tax effect (2)||(30,101||)||(28,183||)|
|After-tax core operating income||146,794||162,146|
|Annualized after-tax core operating income||$||587,176||$||648,584|
|Average total Jabil Circuit, Inc. stockholders’ equity (3)||$||2,190,845||$||2,007,199|
|Average notes payable and long-term debt, less current installments (3)||1,652,534||1,126,315|
|Average current installments of notes payable and long-term debt (3)||59,529||289,010|
|Average cash and cash equivalents (3)||(1,206,691||)||(724,740||)|
|Net invested capital asset base||$||2,696,217||$||2,697,784|
|Return on Invested Capital (GAAP)||12.0||%||19.1||%|
|Adjustments noted above||9.8||%||4.9||%|
|Core Return on Invested Capital (Non-GAAP)||21.8||%||24.0||%|
(1) This amount is calculated by adding the amount of income taxes attributable to its operating income (GAAP) and its interest expense.
(2) This amount is calculated by adding the amount of income taxes attributable to its core operating income (Non-GAAP) and its interest expense.
(3) The average is based on the addition of the account balance at the end of the most recently-ended quarter to the account balance at the end of the prior quarter and dividing by two.
Jabil Circuit, Inc.Investor & Media Contact:Beth Walters, 727-803-3511Senior Vice President, Investor Relations & Communicationsbeth_walters@jabil.com
Source: Jabil Circuit, Inc.
- Declares Partial Dividend of $0.08 Per Share -
VIRGINIA BEACH, Va.--(BUSINESS WIRE)-- Armada Hoffler Properties, Inc. (NYSE: AHH) today announced that its Board of Directors has declared a partial dividend of $0.08 per share on the Company's shares of common stock for the second quarter of 2013. The partial dividend reflects the 48 days during the quarter after which the Company’s initial public offering and related formation transactions were completed. The dividend will be payable in cash on July 11, 2013 to stockholders of record on July 1, 2013.
About Armada Hoffler Properties, Inc.
Armada Hoffler Properties, Inc. is a full service real estate company with extensive experience developing, building, owning and managing high-quality, institutional-grade office, retail and multifamily properties in attractive markets throughout the Mid-Atlantic United States. The Company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes.
Certain matters within this press release are discussed using forward-looking language as specified in the Private Securities Litigation Reform Act of 1995, and, as such, may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statement. These forward-looking statements include statements related to the payment of the Company's quarterly dividend. For a description of factors that may cause the Company's actual results or performance to differ from its forward-looking statements, please review the information under the heading “Risk Factors” included in the Company's registration statement on Form S-11 and other documents filed by the Company with the Securities and Exchange Commission.
Armada Hoffler Properties, Inc.Investor Relations757-366-6620InvestorRelations@ArmadaHoffler.com
Source: Armada Hoffler Properties, Inc.
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A Texas Fall Favorite, The Renewable Energy Roundup Unfolds in Fredericksburg
Fitch Rates Galena Park ISD, Texas' ULT Rfdg Bonds 'AAA' PSF/'AA+' Underlying; Outlook Stable
Only In California: Auto Insurance Costs Less Than It Did 25 Years Ago, Says New Analysis By Consumer Federation of America
Competitive Technologies, Inc. Announces Presentation at American Urological Association
New For-Credit MOOC Postponed Until Further Notice
RWI Benefits, LLC Becomes PPACA Certified
Harley-Davidson Takes Stage With Rockstar Energy Drink
A.M. Best Withdraws Ratings of BridgeSpan Health Company
Limitless Computing Launches Field, Presentation, and Marketing Mobile AR Apps for SketchUp
Shift4 to Simplify Complex and Costly Migration to U.S. EMV
Fitch: IRS Ruling Unlikely to Impact Village's Residential CDDs
Paychex Announces Health Care Reform Solutions and Resources to Help Ease the Burden on America’s Businesses
Choose the Winner of Salon Success Academy’s Updo Contest
Green Star Announces Second Quarterly Dividend and Repayment of Shareholder Loan