latest news releases from the newsroom
Electroglas Announces Appointment of Warren C. Kocmond, Jr. as Chief Executive Officer
SAN JOSE, Calif., Feb. 9, 2009 (GLOBE NEWSWIRE) -- Electroglas, Inc. (Nasdaq:EGLS) (the "Company"), a leading supplier of wafer probers and prober-based test handling solutions for the semiconductor industry, today announced that Thomas M. Rohrs will become Executive Chairman of the Board and that Warren C. Kocmond, Jr. has accepted the Company's offer to become its Chief Executive Officer, effective February 9, 2009. Mr. Kocmond has served as the Chief Operating Officer of the Company since May 2008.
Alico Reports First Quarter Earnings
LA BELLE, Fla., Feb. 9, 2009 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced a net loss for the three months ended December 31, 2008 of $0.2 million or $0.02 per share, compared with a profit of $2.2 million or $0.30 per share for the three months ended December 31, 2007. Earnings from interest on mortgages and investments and earnings from real estate operations were below prior year results and combined to cause the earnings decline.
Zoltek Companies, Inc.
Zoltek Reports First Quarter Results
ST. LOUIS, Feb. 9, 2009 (GLOBE NEWSWIRE) -- Zoltek Companies, Inc. (Nasdaq:ZOLT) today reported the financial results for the first quarter of its 2009 fiscal year.
Balchem Corporation Announces Quarterly Conference Call On Fourth Quarter 2008 Financial Results On February 24, 2009
NEW HAMPTON, N.Y., Feb. 9, 2009 (GLOBE NEWSWIRE) -- Balchem Corporation (Nasdaq:BCPC) today announced that a conference call will be held on Tuesday, February 24, at 2:00 PM Eastern Time (ET) to review fourth quarter 2008 results. Dino A. Rossi, Chairman, President and CEO, and Frank Fitzpatrick, Chief Financial Officer, will host the call.
International Assets Holding Corporation
International Assets Reports Record Operating Revenues (Non-GAAP) of $31 Million and $3.3 Million Earnings for First Quarter of Fiscal 2009
NEW YORK, Feb. 9, 2009 (GLOBE NEWSWIRE) -- International Assets Holding Corporation (the 'Company') (Nasdaq:IAAC) today announced its fiscal 2009 first quarter financial results which are set out in the table below. Sean O'Connor, CEO, stated, "We are pleased to have produced record non-GAAP revenues and strong non-GAAP earnings in difficult market conditions. This is a validation of our strategy of building niche, customer-centric businesses with uncorrelated revenue streams. Losses in our asset management segment were offset by strong performances in our international equities market-making, commodities and foreign exchange trading, resulting in a non-GAAP return on average stockholders' equity of 21.4% for the quarter."
Haynes International, Inc.
Haynes International, Inc. Reports First Quarter Fiscal 2009 Financial Results
KOKOMO, Ind., Feb. 9, 2009 (GLOBE NEWSWIRE) -- Haynes International, Inc. (Nasdaq:HAYN) today reported net revenues of $134.3 million for the three months ended December 31, 2008 and net income of $4.5 million, or $0.38 per diluted share, compared to net revenues of $146.1 million and net income of $13.8 million, or $1.16 per diluted share, for the same period of fiscal 2008. Backlog decreased by $29.5 million, or 12.9%, for the three months ended December 31, 2008, to finish at $199.7 million. Net cash provided by operating activities was $13.9 million in the first quarter of fiscal 2009 compared to $11.5 million in the same period of fiscal 2008, and borrowings under the Company's revolving credit facility were zero at December 31, 2008. In the quarter, the Company also negotiated a three year extension of its revolving credit facility, discussed below.
Infinity Pharmaceuticals, Inc.
Infinity Well-Financed to Achieve 'I4 2012' Long-Term Goals; Announces 2008 Financial Results
CAMBRIDGE, Mass., Feb. 9, 2009 (GLOBE NEWSWIRE) -- Infinity Pharmaceuticals, Inc. (Nasdaq:INFI), an innovative cancer drug discovery and development company, today reiterated its "I4 2012" goals and long-term financial guidance, reviewed recent clinical and business achievements, and announced full year and fourth quarter 2008 financial results.