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GenTek Inc. Reports Second Quarter 2008 Results
PARSIPPANY, N.J., Aug. 8, 2008 (PRIME NEWSWIRE) -- GenTek Inc. (Nasdaq:GETI) today announced results for the second quarter ended June 30, 2008. For the second quarter of 2008, GenTek had revenues totaling $161.9 million and operating profit of $13.4 million, after a $0.2 million gain on disposition of long term assets, and a $0.5 million restructuring charge. This compares to revenues of $159.5 million and operating profit of $13.2 million in the prior-year period, after restructuring charges net of pension curtailments of $1.4 million. Strong revenue and operating profit results in the performance chemicals segment were offset by weakness in the valve actuation systems segment and the industrial wire market. The Company recorded income from continuing operations of $8.3 million, or $0.76 per diluted share, compared to income from continuing operations of $4.7 million, or $0.40 per diluted share, in the second quarter of 2007.
Kratos Defense & Security Solutions, Inc.
Kratos Defense & Security Solutions to Exhibit At Space and Missile Defense Conference August 11-14, 2008
SAN DIEGO, Aug. 8, 2008 (PRIME NEWSWIRE) -- Kratos Defense & Security Solutions, Inc. (Nasdaq:KTOS), a leading national defense and security solutions provider, announced today that the company will be exhibiting at the 11th Annual Space and Missile Defense Conference (SMD) and Exhibition, taking place August 11-14, 2008 at the Von Braun Center in Huntsville, Alabama. At this event, Kratos will showcase a range of technology and product solutions to the U.S. Army Space and Missile Defense Command (SMDC), U.S. Army Aviation and Missile Life-Cycle Management Command (AMCOM), NASA, U.S. Army Corps of Engineers (CoE), and the State of Alabama. Kratos will be highlighting its expertise in Weapon Systems Support, High Performance Simulation Center Support, Modeling & Simulation, and its ongoing support of the War Fighter.