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GenTek Inc. Reports First Quarter 2008 Results
PARSIPPANY, N.J., May 9, 2008 (PRIME NEWSWIRE) -- GenTek Inc. (Nasdaq:GETI) today announced results for the first quarter ended March 31, 2008. For the first quarter of 2008, GenTek had revenues totaling $151.4 million and operating profit of $6.9 million. This compares to revenues of $154.9 million and operating profit of $14.0 million in the prior-year period, after restructuring and impairment charges of $1.3 million. The shortfall in year over year operating profit is primarily due to reduced sales in the valve actuation systems segment driven by the continued downturn in the North American market, a $1.9 million loss on disposition of long-term assets resulting primarily from the sale of the Reheis Antiperspirant actives product line and delays in passing on the impact of some increased raw materials cost in the chemical processing market. The Company recorded income from continuing operations of $1.4 million, or $0.13 income per diluted share, compared to income from continuing operations of $4.4 million, or $0.38 income per diluted share, in the first quarter of 2007.
Delta Air Lines, Inc.
Delta's Force for Global Good Joins Habitat for Humanity Rebuilding Efforts in Hurricane-Damaged Mississippi Gulf Coast
ATLANTA, May 9, 2008 (PRIME NEWSWIRE) -- Equipped with hammers, nails and plenty of good will, nearly 60 Delta Air Lines (NYSE:DAL) employees will partner with Habitat for Humanity to help build 30 homes with families in the Mississippi Gulf Coast during a weeklong trip to the region starting this weekend. Delta's Force for Global Good -- a program that unites employees and customers who invest their personal time and money to support philanthropic efforts throughout the world -- will do their part during the 2008 Carter Work Project to help provide the stability of safe, decent and affordable housing for residents of the Mississippi Gulf Coast who are in need of permanent housing. In 2005, Hurricanes Katrina and Rita left thousands of people along the Gulf Coast without clean water, sewers, roads or adequate shelter.