SmallCapReview.com has been a leading site for information on small cap stocks, penny stocks and microcaps since 1999, to receive the free SmallCapReview newsletter and be entered to win a Free iPod Touch visit http://www.smallcapreview.com.
GeoEye (Nasdaq: GEOY) $39.50, Up $7.30. Today announced today it won a $3.8 billion contract award from the National Geospatial-Intelligence Agency (NGA) for increased commercial satellite-imaging capacity. This competitively awarded contract supports the EnhancedView program by providing products and services that will help meet the increasing geospatial intelligence needs of the intelligence community and Department of Defense.
What They Do: GeoEye, Inc. is a leading international information services company serving government and commercial markets.
TravelCenters of America LLC (AMEX: TA) $3.31, Up $0.67. Today announced financial results for the three and six months ended June 30, 2010.
TA’s results for the second quarter of 2010 compared to the second quarter of 2009 reflected favorable changes in net income (loss), which improved by $16.2 million, from a net loss of $15.0 million for the 2009 second quarter to net income of $1.2 million for the 2010 second quarter, and in EBITDAR, which increased by $18.9 million. The fuel margin per gallon TA achieved in the 2010 second quarter was a key factor in this improvement. Although other factors have an effect, fuel gross margins per gallon tend to be lower during periods of rising fuel prices and higher during periods of falling fuel prices.
Although they were at a higher level than in the 2009 second quarter, fuel commodity prices trended lower throughout the second quarter of 2010. As a result, TA’s fuel gross margin per gallon increased as compared to the prior year when fuel commodity prices were rising and, combined with an increase in fuel sales volumes, resulted in total fuel gross margin that was $15.5 million higher in the second quarter of 2010 than the second quarter of 2009. Nonfuel sales for the 2010 second quarter and first half increased from the comparable periods of 2009 largely due to an increased number of customers in TA’s travel centers as a result of increased trucking activity. TA’s nonfuel gross margin as a percentage of nonfuel revenues on a same site basis for the second quarter of 2010 increased from the prior year quarter as a result of a shift in sales mix to relatively higher margin products and services, a reduced level of sales price discounting and lower purchase prices for certain nonfuel items. Additionally, operating expenses decreased as a percentage of nonfuel sales on a same site basis because certain of TA’s expenses are fixed in nature so increases in its revenues do not result in corresponding increases in its operating expenses.
What They Do: TA’s travel centers operate under the “TravelCenters of America”, “TA” and “Petro” brand names and offer diesel and gasoline fueling services, restaurants, truck repair facilities, stores and other services.
Superior Well Services (Nasdaq: SWSI) $22.08, Up $3.85. Today announced net income for the three months ended June 30, 2010 of $6.1 million, or $0.18 per diluted share, compared to a net loss of $37.9 million, or a $1.66 net loss per diluted share, in the same period in 2009.
The 2010 second quarter net income of $6.1 million, or $0.18 per diluted share, compares to a net loss of $8.7 million, or a $0.31 net loss per diluted share, in the previous quarter ended March 31, 2010.
Revenue in the second quarter of 2010 was $176.0 million, a 42.7% increase from the $123.3 million reported in the previous quarter and a 94.5% increase from the $90.5 million reported in the second quarter of 2009. Operating income for the second quarter of 2010 was $13.0 million compared to $10.4 million of operating loss for the previous quarter and $59.2 million of operating loss reported in the second quarter of 2009.
Adjusted EBITDA, a non-GAAP financial measure, totaled $34.3 million in the second quarter of 2010 compared to $10.4 million reported for the previous quarter and ($7.3) million reported in the second quarter of 2009. For our definition of Adjusted EBITDA, please see footnote 1. For a reconciliation of Adjusted EBITDA to net income (loss), please see the non-GAAP financial measure table included in this press release.
What They Do: Superior Well Services, Inc. provides a range of wellsite solutions to oil and natural gas companies in the United States.
About SmallCapReview
Copyright SmallCapReview. SmallCapReview.com is a leading site for news on small-caps, penny stocks and microcaps. SmallCapReview has built a loyal opt-in following for their investor products by providing a newsletter at no cost, sent to subscribers, highlighting select stocks in play, to register visit http://www.smallcapreview.com. To follow us on Twitter visit http://twitter.com/SmallCapReview.
