HSOA reported EPS...I haven't gone thru the details, but looks like .11 minus .02 discontinued op. Looks like beat estimates of .07 for quarter. Hopefully this will knock out the legs out on the recent rumors/stories/shorts etc.
"The Company's effective tax rate for the second quarter of 2006 was 38 percent compared to 8 percent in the second quarter of 2005."
"As of June 30, 2006, the Company reported $13.8 million in cash, and debt of $1.6 million."
Outlook:
"While we are pleased that revenues and margins improved in the second quarter, we are more excited that the funding for numerous projects associated with post-Katrina rebuilding is well under way. Previously these projects were hampered by Federal funding and political obstacles," said Fradella. "These projects began in the second quarter and continue to accelerate rapidly going into the second half of the year as we expected and previously announced. We are already seeing signs of additional revenue growth in this segment, and anticipate a very busy second half of the year in meeting the demands of this region."
"Overall, the outlook for the balance of the year remains very positive," continued Mr. Fradella. "We believe we are on target to meet our financial objectives for the balance of this year. We remain committed to our previous guidance of revenues in the range of $160 million to $165 million for the full fiscal year, and diluted earnings per share of $0.56 to $0.60." |
