Clean Harbors, Inc., Tasty Baking Company CLH, TSTY Stock-PR Stock Highlights August 3 ,2009
Source: http://stock-pr.com/?p=850Posted on Monday, August 3rd, 2009 | In Market Commentary, Small & Micro Cap
Clean Harbors, Inc. (NYSE: CLH) also announced its financial results for the second quarter ended June 30, 2009. Clean Harbors acquired 100% of Eveready’s outstanding common shares in exchange for USD $56 million of available cash, USD $118 million in Clean Harbors’ common stock consisting of 2.4 million shares, and the assumption of approximately USD $235 million of Eveready debt.
Tasty Baking Company (NasdaqGM:TSTY) today reported net sales of $47.0 million for its second quarter ended June 27, 2009, a 5.3% increase from the $44.6 million reported for the second quarter last year. The increase in net sales compared to the prior year was driven by volume growth in both the Route and Non-Route components as well as higher net product prices as compared to the prior year period. For the second quarter of 2009, the company reported net income of $2.3 million compared to net income of $0.1 million in the second quarter of 2008. The results from the second quarter 2009 included $2.1 million in after-tax income related to the termination of the company’s postretirement life insurance plan. Net income for both the second quarter of 2009 and 2008 included after tax accelerated depreciation of $0.8 million.
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