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Constellation Brands (NYSE: STZ) $15.15. Today announced its fiscal 2010 second quarter results. "Our performance in the second quarter demonstrates that we are on track to achieve our full-year goals," said Rob Sands, president and chief executive officer of Constellation Brands.
Achieves comparable basis diluted EPS of $0.54 and reported basis diluted EPS of $0.45. Quarter benefits from U.S. distributor transition and tax timing. Reaffirms full-year diluted EPS and free cash flow guidance. Realigns and consolidates U.S. sales force and distributor network. Continues to benefit from cost reduction efforts. Decreases debt by more than $155 million during the quarter and by $270 million year-to-date.
What They Do: Constellation Brands is the world's leading wine company that achieves success through an unmatched knowledge of wine consumers paired with storied brands that suit varied lives and tastes.
San West, Inc. (OTCBB: SNWT) $1.10. Announced yesterday its list of aggressive strategic initiatives aimed at dramatically increasing revenues for the short term fiscal year including the 3rd and 4th Quarter of 2009.
Frank Drechsler, President of San West, Inc., states, "The past year has been a whirlwind of change for this company. Our corporate structure, business model, as well as the marketplace in general, has evolved immensely but we have quickly adapted to changing demand and feel that we are a stronger company for it. Our plans of growth going forward take into consideration the economical changes and challenges we are seeing in the market as well as avenues of growth that make us more diversified and a bigger player in the off-road sports market."
What They Do: San West designs, manufacturers, sells and repairs off-road buggies, and additionally provides aftermarket performance products and accessories for off-road buggies; products are sold via three divisions: at retail store locations; via the online store and; through its growing dealer network.
Hitor Group (OTCBB: HITR) $0.75. Announced yesterday that Nano-Jet Corporation, a wholly owned subsidiary of Hitor is pleased to announce the results of several field tests of models of its Nano-Jet Fuel Module. Nano-Jet Corporation is the sole owner and producer of the worldwide patent applied for Nano-Jet line of fuel performance enhancing devices, the most highly refined and effective technology of its kind available in the market today.
These field tests of the Nano Fuel Module were voluntarily performed by potential future Nano-Jet customers on an informal basis with a focus on fuel savings and emission reduction. A synopsis of the test results as follows:
H & H Trucking reported a 20% fuel savings (diesel). -- KDK reported a 17% fuel savings on a Ford F-250 (diesel). -- A.T.M. Trucking reported a 14% fuel savings (diesel). -- Klose Trucking reported a 19.9% fuel savings (diesel). -- EJ&E Railway reported 3% fuel savings on a locomotive (diesel). -- Central Transport reported 17% Emission reduction, (diesel) 14% fuel savings, 11% compression increase. Average over three separate tests. -- Raadstat Racing: "We tested the Nano-Jet on a 250cc Yamaha Motocross motorbike, the bike has shown spectacular results with engine performance, in the lower gears torque equaled a 400cc bike. Starting gate, jumps and turns showed a quicker recovery. In third gear we were able to pop a low wheelie. In a 5 lap heat we were able to reduce time by 28 seconds (this should increase as the riders become more familiar with the Nano-Jet)." - Don Raadstat, Racing Manager.
What They Do: Nano-Jet Corporation, a wholly owned subsidiary of Hitor Group, Inc. , is the sole owner and producer of the patented Nano-Jet line of magnetic fuel performance enhancing Modules. Nano-Jet offers the most highly refined and effective fuel performance enhancement technology available in the market today.
Northwest Natural Gas Company (NYSE: NWN) $41.66. Today announced it has increased the quarterly dividend on the company's common stock to 41.5 cents from 39.5 cents per share, an increase of 5 percent. The dividends will be paid Nov. 13, 2009, to shareholders of record on Oct. 30, 2009.
NW Natural will have paid $1.60 per share in dividends on its common stock in 2009, the 54th consecutive year in which the company's dividend payments have increased. The indicated annual dividend rate is now $1.66 per share.
What They Do: NW Natural is headquartered in Portland, Ore., and served more than 662,000 residential and business customers in Oregon and southwest Washington at the end of the company’s second quarter on June 30th.
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