latest news releases from the newsroom
T-3 Energy Services, Inc.
T-3 Energy Services, Inc. Announces Fourth Quarter and 2008 Earnings From Continuing Operations
HOUSTON, March 2, 2009 (GLOBE NEWSWIRE) -- T-3 Energy Services, Inc. ("T-3 Energy") (Nasdaq:TTES) reported fourth quarter 2008 loss from continuing operations of ($8.7) million, or ($0.69) per diluted share, which included a goodwill impairment charge of $23.5 million, or $1.62 per diluted share. The quarter also included a tax benefit of ($0.9) million, or ($0.07) per diluted share, related to costs incurred in prior quarters related to the pursuit of strategic alternatives, that became fully deductible for tax purposes. By comparison, net income was $8.5 million, or $0.67 per diluted share, for the fourth quarter of 2007. Full year 2008 net income from continuing operations of $13.0 million, or $1.02 per diluted share, included the goodwill impairment charge previously mentioned and $4.7 million of costs related to the pursuit of strategic alternatives. Net income from continuing operations and diluted earnings per share for the year ended December 31, 2008 were down 51% and 53%, respectively, from $26.5 million, or $2.19 per diluted share, reported for the year ended December 31, 2007.
PICO Holdings, Inc.
PICO Holdings, Inc. Announces Fourth Quarter and Full Year 2008 Results
LA JOLLA, Calif., March 2, 2009 (GLOBE NEWSWIRE) -- PICO Holdings, Inc. (Nasdaq:PICO) reported shareholders' equity of $477.7 million ($25.36 per share) at December 31, 2008, compared to $501.3 million ($26.61 per share) at September 30, 2008, and $525.9 million ($27.92 per share) at December 31, 2007.
Acura Pharmaceuticals, Inc.
Acura Pharmaceuticals Reports Year-End and Fourth Quarter 2008 Financial Results
PALATINE, Ill., March 2, 2009 (GLOBE NEWSWIRE) -- Acura Pharmaceuticals, Inc. (Nasdaq:ACUR) today reported 2008 net income of $14.5 million or $0.29 per diluted share compared to a net loss of $4.3 million, or $0.11 per share loss for 2007. For the quarter ended December 31, 2008, we had a net loss of $3.0 million, or $0.07 per share loss compared to net income of $9.5 million, or $0.20 per diluted share for the same quarter in 2007. As of February 27, 2009, we had cash, cash equivalents and short-term investments of approximately $37.6 million with no term indebtedness.
Lime Energy's AEM Subsidiary Awarded $2.25 Million Weatherization and Lighting Contract
ELK GROVE VILLAGE, Ill., March 2, 2009 (GLOBE NEWSWIRE) -- Lime Energy (Nasdaq:LIME), one of the nation's leading energy efficiency and renewable energy solutions providers, today announced their Applied Energy Management (AEM) subsidiary has been awarded a $2.25 million contract by an ESCO partner to provide weatherization and the design and installation of energy efficient lighting at a U.S. Army facility in Virginia. The base is made up of over 184 buildings which will realize energy savings in heating and cooling through building envelope load reduction along with energy savings from lighting upgrades. AEM's turn-key projects will include the energy efficient lighting upgrades along with the installation of new weather stripping around all points of building access and egress, as well as sealing penetrations of the building envelope including adding insulation to attics, walls, and other surfaces which were identified to benefit from increased energy efficiency.