LONDON--(BUSINESS WIRE)-- The number of global insurance telematics users will grow at a CAGR of 90% from 1.85 million in 2010 to 89 million in 2017.
Dominique Bonte, group director, telematics and navigation, comments, “While insurance telematics or usage based insurance (UBI) is far from a recent phenomenon – US-based Progressive was already trialing solutions back in 2002 – a renewed interest in this market has occurred over the past two years, with an acceleration in uptake, as well as a dramatic change in the very nature of UBI, migrating from pay as you drive (PAYD) to pay how you drive (PHYD) based on continuous driver behavior monitoring and analysis.”
UBI allows insurance vendors to establish a continuous communication and feedback channel to build brand loyalty in an increasingly competitive auto insurance market. In the same way, value-added service packages including emergency services, roadside assistance, stolen vehicle tracking, teen driver monitoring, and vehicle diagnostics are often offered.
While the de-averaged pricing model and fairness principle of UBI to treat customers as individuals and have them pay for the risks they are actually taking instead of premiums depending on inaccurate proxies such as age and gender is gaining acceptance, many barriers hindering mass market uptake are still in place: self-selection of low risk drivers, privacy, lack of understanding of complex offers, lack of historical perspective validated by statistical data, absence of standards, installation of telematics hardware, and IP litigation.
While currently the default UBI hardware solution consists of a dedicated device plugged into the vehicle’s diagnostics OBD port, future UBI hardware solutions will increasingly be based on either factory-installed technology (as in-car connectivity penetration rates increase) or – for the aftermarket – converged devices such as smartphones wirelessly connecting to the OBD bus via Bluetooth adapters.
ABI Research’s new study, “Insurance Telematics,” (http://www.abiresearch.com/research/1008969) covers the different solutions for insurance telematics including PAYD and PHYD across different form factors such as embedded, portable, and converged in North America, Europe, Asia-Pacific, and the Rest of the World. It includes detailed descriptions of market drivers and barriers, as well as shipment, subscribers, and discount forecasts.
It is part of the Commercial Telematics Research Service (http://www.abiresearch.com/products/service/Commercial_Telematics_Research_Service) and Connected Car Research Service (http://www.abiresearch.com/products/service/Connected_Car_Research_Service).
ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies. From offices in North America, Europe and Asia, ABI Research’s worldwide team of experts advises thousands of decision makers through 40+ research and advisory services. Est. 1990. For more information visit www.abiresearch.com, or call +1.516.624.2500.
ABI ResearchChristine Gallen, +44-203-326-0142pr@abiresearch.com
Source: ABI Research
- Net sales up $2.5 million to $45.4 million
- Gift segment sales up $6.0 million to $22.7 million
- Net income up $2.0 million to $2.7 million
- First half net income up $3.6 million
- First half cash flow from operations up $17.7 million
- Signed new licensing agreements with Sperry® and Arnold Palmer®
DALLAS, Feb. 10, 2012 (GLOBE NEWSWIRE) -- Tandy Brands Accessories, Inc. (Nasdaq: TBAC) today reported financial results for its second quarter and six-month periods ended December 31, 2011.
Net sales for the second quarter were $45.4 million, an increase of $2.5 million versus the prior year second quarter. Gifts segment net sales of $22.7 million increased by $6.0 million over the prior year period due to increased holiday shipments as a result of organic growth from the Company's totes® license and new sales from the Eddie Bauer® license. Net sales in the accessories segment were $22.7 million for the second quarter, a decline of $3.5 million from fiscal 2011. The decline reported in the Accessories segment net sales was a result of lower sales in exited product categories and lower levels of replenishment orders by the Company's largest customer.
"We are pleased to see our initiatives drive positive results," said Rod McGeachy, President and Chief Executive Officer of Tandy Brands. "We delivered profitable growth and realized the benefits from recent cost savings initiatives to improve our bottom line."
Second quarter fiscal 2012 gross margin as a percentage of net sales was 30.9 percent, compared to 33.2 percent in the second quarter of fiscal 2011. Although accessories segment gross margins improved, overall gross margins declined due to a higher mix towards customer-direct shipments, higher customer deductions for holiday markdowns, and increased sales to higher volume, lower margin customers in the gift segment.
Total selling, general and administrative (SG&A) expense for the fiscal 2012 second quarter improved by $2.3 million over the prior year period. This 18 percent improvement was due to savings initiatives in labor, facilities costs, and professional services.
For the second quarter, the Company reported net income of $2.7 million, or $0.39 per diluted share, compared to net income of $0.7 million, or $0.10 per diluted share, in the prior year.
Six-Month Results
Net sales for the six-month period ended December 31, 2011 were $72.2 million compared to net sales of $72.1 million reported in the prior-year period. An increase in net sales of the gifts segment was due to an increase in business under the totes® license and new sales under the Eddie Bauer® license. This was offset by the planned exit from non-profitable product categories initiated at the end of the prior fiscal year in the accessories segment.
Gross margin as a percentage of net sales was 32.1% in the first half of fiscal 2012, down from 33.9% in the first half of fiscal 2011. The decline was due to a change in sales mix in the gifts segment including a higher mix towards customer-direct shipments, higher freight and material costs, and increased sales to higher volume, lower margin customers.
Total SG&A expense for the six-month period decreased $5.0 million to $19.4 million in fiscal 2012 due to decreases in labor, facilities costs, and professional services.
The Company reported net income of $1.7 million, or $0.23 per diluted share, compared to a net loss of $2.0 million, or a loss of $0.28 per diluted share, in the prior-year period.
Financial Position
Net cash provided by operating activities was $17.7 million higher than the first half of fiscal 2011 due to a $3.8 million improvement in adjusted EBITDA, faster collections on receivables, lower inventory levels, and lower funding of accounts payable and accrued expenses. Inventories were reduced by $5.7 million to $32.7 million as of December 31, 2011, due to lower levels of inventory carried during the current year. Accounts receivable was reduced by $8.7 million to $16.4 million on flat net sales due to faster collection of receivables with the Company's largest customer.
As of December 31, 2011 the Company reported net working capital of $25.1 million. Current liabilities of $29.0 million as of December 31, 2011 decreased $6.4 million from December 31, 2010 primarily driven by a $6.2 million reduction in outstanding debt.
"We are pleased by our improvement in cash flow from operations," said McGeachy. "We will continue to focus on accelerating our cash cycle and making prudent investment decisions with our cash. We are performing well against our debt covenants and successfully reducing overall debt. As of February 9, 2012 our loan balance was $8.5 million compared to $13.8 million during the same period a year ago."
New Licensing Agreements
In the third quarter of fiscal 2012, the Company signed new licenses with Sperry Top-Sider® and Arnold Palmer Enterprises (APE). Both of these licenses are expected to impact results in the Company's accessories segment beginning in calendar 2013.
Under the agreement with Sperry Top-Sider®, Tandy Brands will have the rights to leverage its expertise in belts, shoulder bags, and small leather goods for both men and women. Sperry Top-Sider® products will be distributed through premium department stores and specialty retailers throughout the United States and Canada, Sperry Top-Sider's own retail stores, and on sperrytopsider.com.
"We are excited to partner with Sperry Top-Sider, a brand recognized as an icon of American style for more than 75 years with distinct equities which we will leverage to develop a compelling product offering," said McGeachy.
Under the agreement with APE, Tandy Brands will have the rights to leverage its expertise in golf belts. Incremental distribution is expected in green grass golf shops, off-course golf specialty stores, department stores, corporate shops and e-commerce shops.
"We are excited to be partnering with Arnold Palmer, one of the most successful names in the game of golf. Arnold Palmer's popularity is legendary and his name provides unquestioned authenticity to our products," said McGeachy.
"It is a key strategic imperative that we build our branded portfolio. The licenses we added last year (e.g. Wolverine®, Bone Collector®, Eddie Bauer®, and Haggar®) delivered meaningful, profitable growth in fiscal 2012. Furthermore, the new licenses we added this year (e.g. Miss Me®, The Sharper Image®, Elie Tahari®, Sperry®, and Arnold Palmer®) make our growth pipeline even stronger. We expect all of these nationally recognized consumer brands to increase future net sales, improve gross margin percentage, reduce our customer concentration risk and improve our mix of lower-margin private label business," said McGeachy.
Outlook
"Although diminishing, our customer concentration risk remains. Nonetheless, we expect to see continued growth in our gifts segment and from the new licenses we've added to our portfolio," commented McGeachy.
"We are focused on restoring shareholder value through improving operational efficiency, growing volume in our key product categories, and adding new licenses to our portfolio," said McGeachy.
About Tandy Brands
Tandy Brands is a leading designer and marketer of branded men's, women's and children's accessories, including belts, gifts and small leather goods. Merchandise is marketed under various national as well as private brand names through all major retail distribution channels.
Safe Harbor Language
Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Company has based these forward-looking statements on its current expectations about future events, estimates and projections about the industry in which it operates. Forward-looking statements are not guarantees of future performance. Actual results may differ materially from those suggested by these forward-looking statements as a result of a number of known and unknown risks and uncertainties that are difficult to predict, including, without limitation, general economic and business conditions, competition in the accessories and gifts markets, acceptance of the Company's product offerings and designs, issues relating to distribution, the termination or non-renewal of any material licenses, the Company's ability to maintain proper inventory levels, and a significant decrease in business from or loss of any major customers or programs. Those and other risks are more fully described in the Company's filings with the Securities and Exchange Commission. The forward-looking statements included in this release are made only as of the date hereof. Except as required under federal securities laws and the rules and regulations of the United States Securities and Exchange Commission, the Company does not undertake, and specifically declines, any obligation to update any of these statements or to publicly announce the results of any revisions to any forward-looking statements after the distribution of this release, whether as a result of new information, future events, changes in assumptions, or otherwise.
| Tandy Brands Accessories, Inc. And Subsidiaries | |||
| Unaudited Consolidated Balance Sheets | |||
| (in thousands) | |||
| December 31 | June 30 | December 31 | |
| 2011 | 2011 | 2010 | |
| Assets | |||
| Current assets: | |||
| Cash and cash equivalents | $ 994 | $ 414 | $ 330 |
| Restricted cash | -- | 1,450 | 1,404 |
| Accounts receivable | 16,352 | 14,286 | 25,043 |
| Inventories | 32,715 | 28,945 | 38,381 |
| Other current assets | 3,992 | 8,073 | 3,132 |
| Total current assets | 54,053 | 53,168 | 68,290 |
| Property and equipment, net | 5,954 | 6,525 | 7,159 |
| Other assets: | |||
| Intangibles | 4,519 | 4,936 | 5,384 |
| Other assets | 937 | 790 | 764 |
| Total other assets | 5,456 | 5,726 | 6,148 |
| $ 65,463 | $ 65,419 | $81,597 | |
| Liabilities And Stockholders' Equity | |||
| Current liabilities: | |||
| Accounts payable | $ 9,997 | $ 8,145 | $10,385 |
| Accrued compensation | 1,448 | 1,900 | 1,448 |
| Accrued expenses | 2,268 | 2,267 | 2,036 |
| Credit facility | 15,290 | 17,935 | 21,520 |
| Total current liabilities | 29,003 | 30,247 | 35,389 |
| Other liabilities | 4,257 | 4,243 | 4,005 |
| Stockholders' equity: | |||
| Preferred stock, $1.00 par value, 1,000 shares authorized, none issued | -- | -- | -- |
| Common stock, $1.00 par value, 10,000 shares authorized, 7,067 shares, | |||
| 7,075 shares and 6,972 shares issued and outstanding, respectively | 7,067 | 7,075 | 6,972 |
| Additional paid-in capital | 34,129 | 34,119 | 34,235 |
| Accumulated deficit | (10,667) | (12,318) | (809) |
| Other comprehensive income | 1,674 | 2,053 | 1,805 |
| Total stockholders' equity | 32,203 | 30,929 | 42,203 |
| $ 65,463 | $ 65,419 | $81,597 | |
| Tandy Brands Accessories, Inc. And Subsidiaries | |||||
| Unaudited Consolidated Statements Of Operations | |||||
| (in thousands except per share amounts) | |||||
| Three Months Ended | Six Months Ended | ||||
| December 31 | December 31 | ||||
| 2011 | 2010 | 2011 | 2010 | ||
| Net sales | $ 45,434 | $ 42,887 | $72,177 | $ 72,135 | |
| Cost of goods sold | 31,386 | 28,654 | 48,997 | 47,691 | |
| Gross margin | 14,048 | 14,233 | 23,180 | 24,444 | |
| Selling, general and administrative expenses | 10,297 | 12,592 | 19,417 | 24,457 | |
| Depreciation and amortization | 567 | 646 | 1,150 | 1,291 | |
| Acquisition related costs | -- | 20 | -- | 50 | |
| Total operating expenses | 10,864 | 13,258 | 20,567 | 25,798 | |
| Operating income (loss) | 3,184 | 975 | 2,613 | (1,354) | |
| Interest expense | (382) | (285) | (749) | (471) | |
| Other income (expense) | 27 | 112 | (11) | 155 | |
| Income (loss) before income taxes | 2,829 | 802 | 1,853 | (1,670) | |
| Income tax expense | 103 | 81 | 202 | 297 | |
| Net income (loss) | $ 2,726 | $ 721 | $ 1,651 | $ (1,967) | |
| Income (loss) per common share | $ 0.39 | $ 0.10 | $ 0.23 | $ (0.28) | |
| Income (loss) per common share assuming dilution | $ 0.39 | $ 0.10 | $ 0.23 | $ (0.28) | |
| Common shares outstanding | 7,064 | 6,970 | 7,072 | 6,970 | |
| Common shares outstanding assuming dilution | 7,076 | 7,095 | 7,087 | 6,970 | |
| Tandy Brands Accessories, Inc. And Subsidiaries | ||
| Unaudited Consolidated Statements Of Cash Flows | ||
| (in thousands) | ||
| Six Months Ended | ||
| December 31 | ||
| 2011 | 2010 | |
| Cash flows provided (used) by operating activities: | ||
| Net income (loss) | $ 1,651 | $ (1,967) |
| Adjustments to reconcile net income (loss) to net | ||
| cash provided (used) by operating activities: | ||
| Deferred income taxes | 71 | 16 |
| Doubtful accounts receivable provision | 17 | 28 |
| Depreciation and amortization | 1,275 | 1,405 |
| Stock compensation expense | 25 | 21 |
| Amortization of debt costs | 141 | 34 |
| Other | -- | (114) |
| Changes in assets and liabilities: | ||
| Accounts receivable | (2,115) | (6,409) |
| Inventories | (3,969) | (6,810) |
| Other assets | 3,698 | 3,526 |
| Accounts payable | 2,474 | (3,433) |
| Accrued expenses | (445) | (1,146) |
| Net cash provided (used) by operating activities | 2,823 | (14,849) |
| Cash flows provided (used) by investing activities: | ||
| Acquisition | -- | (245) |
| Purchases of property and equipment | (363) | (521) |
| Sales of property and equipment | -- | 2,774 |
| Net cash provided (used) by investing activities | (363) | 2,008 |
| Cash flows provided (used) by financing activities: | ||
| Change in cash overdrafts | (592) | 258 |
| Change in restricted cash | 1,434 | -- |
| Net note borrowings (repayments) | (2,633) | 12,076 |
| Net cash provided (used) by financing activities | (1,791) | 12,334 |
| Effect of exchange-rate changes on cash and cash equivalents | (89) | 7 |
| Net increase (decrease) in cash and cash equivalents | 580 | (500) |
| Cash and cash equivalents beginning of year | 414 | 830 |
| Cash and cash equivalents end of period | $ 994 | $ 330 |
| Tandy Brands Accessories, Inc. And Subsidiaries | |||||
| Unaudited Non-GAAP Disclosures | |||||
| (in thousands except per share amounts) | |||||
| Our adjusted EBITDA, a non-GAAP measurement, is defined as net income (loss) before interest, taxes, depreciation and amortization, and certain acquisition-related and one-time items. Adjusted EBITDA is presented because we believe it provides useful information about our business activities and also is frequently used by securities analysts, investors, and other interested parties in evaluating a Company's performance. Not all companies utilize identical calculations; therefore, our presentation of adjusted EBITDA may not be comparable to other identically titled measures of other companies. EBITDA and adjusted EBITDA have limitations as analytical tools and should not be considered in isolation, or as substitutes for analysis of our results of operations as reported under U.S. generally accepted accounting principles ("GAAP"). The following table reconciles our GAAP net income (loss) to the adjusted EBITDA disclosures. | |||||
| Three Months Ended | Six Months Ended | ||||
| December 31 | December 31 | ||||
| 2011 | 2010 | 2011 | 2010 | ||
| Net income (loss) | $2,726 | $721 | $1,651 | $(1,967) | |
| Income taxes | 103 | 81 | 202 | 297 | |
| Interest expense | 382 | 285 | 749 | 471 | |
| Depreciation and amortization | 567 | 646 | 1,150 | 1,291 | |
| Acquisition related costs | -- | 20 | -- | 50 | |
| Other income (expense) | (27) | (112) | 11 | (155) | |
| Adjusted EBITDA (loss) | $3,751 | $1,641 | $3,763 | $ (13) | |
| We have provided our adjusted net income (loss) disclosure, a non-GAAP measurement, as we believe it is important for our stakeholders to understand the impact of certain items on our statements of operations. The following table reconciles our GAAP net income (loss) to the adjusted net income (loss) disclosure. | |||||
| Three Months Ended | Six Months Ended | ||||
| December 31 | December 31 | ||||
| 2011 | 2010 | 2011 | 2010 | ||
| Net income (loss) | $2,726 | $721 | $1,651 | $(1,967) | |
| Acquisition related costs | -- | 20 | -- | 50 | |
| Write-off of unamortized debt costs | -- | -- | 98 | -- | |
| Adjusted net income (loss) | $2,726 | $741 | $1,749 | $(1,917) | |
| Common shares outstanding assuming dilution | 7,076 | 7,095 | 7,087 | 6,970 | |
| Adjusted net income (loss) per common share assuming dilution | $0.39 | $0.10 | $0.25 | $(0.28) | |
CONTACT: Tandy Brands Accessories, Inc.
Rod McGeachy
President and Chief Executive Officer
214-519-5200
Investor Relations
Chuck Talley
Chief Accounting Officer
214-519-5200
Source: Tandy Brands Accessories, Inc.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 10, 2012) - Trading resumes in / Reprise des negociations pour :
-------------------------------------------------------------------------- Company / Societe : Cardiocomm Solutions Inc. -------------------------------------------------------------------------- TSX-Venture Symbol / Symbole a la Bourse de croissance TSX : EKG -------------------------------------------------------------------------- Resumption Time (ET) / Reprise : 13 :45 --------------------------------------------------------------------------
Please note that IIROC is not able to provide any additional information regarding a specific trading halt or resume. Information is limited to general enquiries only.
FOR FURTHER INFORMATION PLEASE CONTACT:
IIROC Inquiries
(416) 646-7299
Fax: (604) 602-6986(FAX)
Surveillancewest@iiroc.ca
www.iiroc.ca
Source: Investment Industry Regulatory Organization of Canada
PEACHTREE CITY, Ga., Feb. 10, 2012 /PRNewswire/ -- Cooper Lighting, an industry leader committed to delivering innovative products and driving transformational technology in the lighting industry, announces that ten of its innovative products have been recognized by the Illuminating Engineering Society (IES) Progress Committee as providing "an advancement in the art and science of lighting." Altogether, Cooper Lighting had nine products accepted - including eight LED luminaires - and Cooper Controls, a business unit of Cooper Lighting, had an additional energy-monitoring product accepted. The products are featured in the 2011 IES Progress Report, which presents significant developments and improvements in the lighting industry over the past year.
(Photo: http://photos.prnewswire.com/prnh/20120210/DA51519)
(Logo: http://photos.prnewswire.com/prnh/20110513/DA01852LOGO-b)
The accepted products include:
- Cooper Lighting's Neo-Ray Straight and Narrow 22 LED Luminaires, available in three color temperatures and offering a 25 percent energy savings over fluorescent sources, create slender lines of continuous, uniform illumination for recessed, suspended, surface- and wall-mounted applications.
- Cooper Lighting's Corelite R Mini LED Luminaire is a unique 1' x 1' luminaire that provides a 28 percent reduction in energy with a 10 percent increase in delivered lumens, when compared to a traditional 32W compact fluorescent fixture.
- Cooper Lighting's Corelite Loft/Element Micro LED Suspended Luminaire, which features independent dimming of the uplight and downlight components, achieves a high luminaire efficacy of 85 lumens per watt (lm/W). Comparable to a 54W T5HO fixture, this design provides a 17 percent reduction in energy with a 7 percent increase in lumens.
- Cooper Lighting's Halo Stasis LED Luminaire, designed for retail, hospitality and commercial spaces, features tight optical control with minimal spill light and multiple patented field-changeable optical distributions including Spot (15 degrees), Narrow Flood (25 degrees) and Flood (40 degrees).
- Cooper Lighting's RSA COMBOLIGHT LED Luminaire is the first airtight, IC-rated multiple-head recessed luminaire that offers one to six heads equipped with 18W LEDs and a double-gimbal design that allows the product to tilt 45 degrees in any direction.
- Cooper Lighting's IRiS® Linear Spread Lens Trim, designed for use in multiple wall wash luminaires including compact fluorescent, halogen and ceramic metal halide sources, utilizes a unique color neutral glass lens technology eliminating the green tint of light found in standard glass. The result is increased optical efficiency with smooth vertical illumination.
- Cooper Lighting's Metalux Accord LED Series, which evenly distributes the perfect amount of "softer" light, is available in two light levels, multiple color temperatures and boasts an efficacy of 88 lumens per watt (lm/W) with a 50,000 hour rated life. A quick disconnect feature allows for simple future LED upgrades.
- Cooper Lighting's Halo H4 LED Adjustable Gimbals, the first small aperture (4-inch) adjustable downlights with the appearance and performance similar to a low voltage MR16 gimbal, features interchangeable reflectors with beam distributions of 25, 35 and 50 degrees, four color temperatures and an adjustable 35-degree tilt.
- Cooper Lighting's Halo 4-inch and 6-inch LED Wall Wash Downlight Trims deliver uniform illumination and are the first residential and commercial grade LED trims of their kind, allowing these trims to be used for both IC and non-IC applications.
- The Cooper Controls advanced Venergy Advanced Metering System is a code compliant energy saving solution, which monitors energy consumption, is easy to use, specify and scalable across any enterprise.
The Progress Report submittals, which include new products, applications, research, publications and design tools, are reviewed by the IES Progress Committee. The committee consists of industry experts from all different aspects of the lighting industry with the mission of keeping in touch with developments in the art and science of lighting throughout the world. The committee prepares a yearly review of achievements for the Society. Each submittal goes through a judging process and is evaluated for its uniqueness, innovativeness and significance to the lighting industry. Judging is not based on aesthetics, but focuses on and honors technical advancements.
The accepted products were presented at the IES Annual Conference in Austin, Texas this past November. The 2011 IES Progress Report was featured in the January issue of the Society's monthly magazine, Lighting Design + Application (LD+A). The Report is also posted on the IES website and is presented by IES Sections throughout the year at section meetings. To view the accepted products, click here to view the Report.
Cooper Lighting has made a significant investment in people, resources and technology to ensure the company provides first-class solutions to its customers' lighting challenges. The Company offers a range of indoor and outdoor lighting products and controls, all of which are specifically designed to maximize energy and cost savings. For additional information on Cooper's product offering, click here, and for information on Cooper Controls solutions, click here.
About Cooper LightingCooper Lighting, a subsidiary of Cooper Industries plc (NYSE: CBE), is the leading provider of innovative, high quality interior and exterior lighting fixtures and related products to worldwide commercial, industrial, retail, institutional, residential and utility markets. As lighting technologies have advanced over the years, Cooper Lighting has been at the forefront of the industry in helping businesses and communities leverage the latest technologies to improve efficiency, reduce costs and enrich the quality of the environment. For more information, visit www.cooperlighting.com.
About Cooper ControlsCooper Controls, a business unit of Cooper Lighting, is a market leader in energy management, architectural, and entertainment lighting controls. A subsidiary of global manufacturer Cooper Industries plc (NYSE: CBE), it was formed by its acquisition of Novitas Inc. in November 2005, Polaron plc in March 2007, PCI Lighting Control Systems in August 2007, and ALC Lighting Controls in November 2010. Cooper Controls includes leading brands such as iLight (International), iLumin (North America), Greengate, and Zero 88. For more information, visit www.coopercontrol.com.
About Cooper IndustriesCooper Industries plc (NYSE: CBE) is a global electrical products manufacturer with 2011 revenues of $5.4 billion. Founded in 1833 Cooper's sustained success is attributable to a constant focus on innovation and evolving business practices, while maintaining the highest ethical standards and meeting customer needs. The Company has seven operating divisions with leading market positions and world-class products and brands, including Bussmann electrical and electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products. With this broad range of products, Cooper is uniquely positioned for several long-term growth trends including the global infrastructure build-out, the need to improve the reliability and productivity of the electric grid, the demand for higher energy-efficient products and the need for improved electrical safety. In 2011 fifty-nine percent of total sales were to customers in the industrial and utility end-markets and forty percent of total sales were to customers outside the United States. Cooper has manufacturing facilities in 23 countries as of 2011. For more information, visit the website at www.cooperindustries.com.
|
Contact: |
Karin Martin, Karin Martin Communications |
|
|
(630) 513-8625 |
|
|
SOURCE Cooper Lighting
LAS VEGAS, NEVADA -- (MARKET WIRE) -- 02/10/12 -- RocketAlerts is a leading edge investment newsletter which provides you with real-time tracking data on the hottest stocks in the market. Our Stock Vector and Trajectory Analysis Team will tell you not only where the stocks are going and when they will get there but also how they're going to get there so that you can gain a tactical advantage and effectively plot a winning investment course.
While other newsletters overwhelm you with an array of conflicting information, we present you with only the pertinent facts organized in a coherent, easy to understand format so that your investment planning can be quick and effective. With our approach you will get not only all the facts but you will get them early enough to pre-position yourself for maximum gains. With our advanced analysis you will have the confidence to go full-throttle with your investments. To see how you can make your investments blast-off with our absolutely FREE Newsletter please visit our website: RocketAlerts.com.
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RocketAlerts is the Rocket Fuel for your Investment Portfolio. With timely, trusted and accurate information you will be able to boost your performance and make your investments take-off. At RocketAlerts we know that most investors will make the right choices if they have the right tools in their investment belt. We also know that most people are way too busy and simply don't have the time to spend hours searching for all the information they need to pick out the high-caliber opportunities to achieve their investment objectives. At RocketAlerts we do both the grunt work so you don't have to waste time and the detailed analysis leaving you with plenty of time to strategize.
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RocketAlerts.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. RocketAlerts.com is a wholly owned entity of a financial public relations firm. Please read our report and visit our website, RocketAlerts.com, for complete risks and disclosures.
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Source: RocketAlerts.com
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President Obama Stands Strong for Contraceptive Coverage Requirement
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North Spring Resources Corp. (NSRS) Struggles as it Attempts to Recover Share Price. What Are the Odds the Effort Will Succeed?
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Tektronix Donates Electronics Test Equipment to Washington State University Vancouver
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BISNAR CHASE: Reward Offered for Information Leading to Arrest and Conviction of Hit-and-Run Driver in Death of 3-Year-Old Anaheim Girl
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Merriman Capital Initiates Coverage on Enova Systems
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Fluidigm Moves up the Timing of Its Fourth Quarter/Full Year 2011 Financial Results Conference Call
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Dr. Bernard Morrey and Tenex Health Featured on “The Global Learning Series”…Game Breaking Orthopedic Story
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VOO Selects Cisco for IPv6 Migration
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On Campus Sports Network Launches www.OnCampusSports.com
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UCLA School of Nursing, LAUSD Get Middle Schoolers Moving
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IIROC: Resume, Central Iron Ore Ltd.
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Plexmar Resources Inc.: Update
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Plexmar Resources Inc.: Update
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SkyWest, Inc. Reports Combined January 2012 Traffic for SkyWest Airlines and ExpressJet Airlines
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Fitch Withdraws Credit Enhanced Rating on Austin (TX) Airport Sys Var-Rate Rev Notes Series A
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Heffernan San Francisco Hires Tyler Eliopoulos, Assistant Vice President
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Strategic Oil & Gas Ltd. Announces Executive Appointments
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Food Freedom Day 2012: BMO Recognizes Important Milestone for Canadian Consumers; Expects Lower Food Prices
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Food Freedom Day 2012: BMO Recognizes Important Milestone for Canadian Consumers; Expects Lower Food Prices
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Kids 'R' Kids Supports Helping A Hero
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Fitch Affirms Malibu Loan Fund, Ltd.
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Fitch Rates Alabama Public School and College Authority Refunding Bonds 'AA+'
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Marriott International Declares Cash Dividend; Board Increases Stock Repurchase Authorization
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Americans United for Life says Obama Administration's Strained Health Care Policy Pronouncement "Turns Roe on its Head"
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IIROC: Halt, CardioComm Solutions Inc.
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Aravo Surpasses 1.8 Million Active Suppliers
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Urban Comedy "Exit Strategy" Expands Into Cinemas Across U.S.
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Quikbook.com Unveils Enhanced Website Redesign and Booking Experience
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Hubbell Declares 8% Dividend Increase
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American Express Business Insights Data Show Full-Price Online Luxury Fashion Spending Sizzling as New York Fashion Week Heats Up
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Questar Board Declares 269th Consecutive Dividend
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American Greetings Brings Valentines to Life with Zonk!™
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Comment of Senator Patrick Leahy on White House's Modification of Contraceptive Coverage Under Health Insurance Reform
