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   Technology StocksC&D Technologies (CHP)


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To: The Street who wrote (31)4/2/2001 10:25:54 PM
From: uthabros
   of 40
 
A double from here is no problem, but in 6 mos? I don't think anything is going to double in 6 mos. JMHO!

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To: uthabros who wrote (33)5/16/2001 11:59:40 AM
From: JakeStraw
   of 40
 
C&D Technologies, Inc. Invites Public to Listen to Its Conference Call On The Web
biz.yahoo.com
BLUE BELL, Pa., May 16 /PRNewswire/ -- In conjunction with C&D Technologies, Inc.'s (NYSE: CHP - news) first-quarter earnings announcement, members of the public are invited to listen to the company's live quarterly conference call on the Internet on Monday, May 21, 2001 at 11:30 a.m. EDT. The purpose of the conference call is to discuss financial results for the company's first quarter and a general overview of the business. The conference call will feature Wade H. Roberts, Jr., President and Chief Executive Officer, and Stephen E. Markert, Jr., Vice President, Finance and Chief Financial Officer.

Financial results will be released over the newswires before the market opens on Monday, May 21, 2001. The press release will also be posted on C&D's corporate web site: cdtechno.com. Investors who want to listen to the conference call may log on through the Investor Relations Page. An online re-broadcast will be available through June 4, 2001.

Those parties interested in participating in the conference call via telephone should dial 612-288-0337 or 612-332-0725. A telephone replay of the conference call will begin immediately following the call until May 28, 2001 at midnight Eastern Time (ET). To access the rebroadcast, please dial 800-475-6701 (320-365-3844 for international callers) and enter code 587283.

Summary

What: C&D Technologies' first-quarter earnings conference call.
Management will discuss financial results for the first quarter
2001 and a general business overview.

Date: Monday, May 21, 2001.

Time: Conference Call on the Web - 11:30 a.m. EDT

How: Live over the Internet. Simply go to cdtechno.com
or call in at: 612-288-0337 or 612-332-0725

About C&D Technologies:

C&D Technologies, Inc. is a leading North American producer and marketer of electrical power storage and conversion products used in telecommunications, Internet infrastructure, industrial applications, and computers.

For more information on C&D Technologies, Inc. and its products, visit the company's Web site at cdtechno.com.

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To: JakeStraw who wrote (34)5/21/2001 9:36:30 AM
From: JakeStraw
   of 40
 
C&D Technologies Reports Record First Quarter - Results Exceed Expectations
biz.yahoo.com
BLUE BELL, Pa., May 21 /PRNewswire/ -- C&D Technologies, Inc. (NYSE: CHP - news), a leading North American producer and marketer of electrical power storage and conversion products used in telecommunications, internet infrastructure, industrial applications, and computers, today announced that in its fiscal 2002 first quarter, ended April 30, 2001, net income increased 52 percent to a record $16,847,000, or 62 cents per share, from $11,053,000, or 41 cents per share, in the first quarter of fiscal 2001. Sales for the fiscal 2002 first quarter increased 13 percent to $155,383,000 from $138,011,000 in the first quarter last year.

``We're pleased to report that our first quarter results exceeded our expectations as well as the estimates of the investment community,'' said Wade H. Roberts, Jr., the company's president and chief executive officer. ``However, the second quarter will be a challenge. Although we are confident of improving upon the 49 cents per share earned in last year's second quarter, it is unlikely we will achieve another record quarter. While we are cautious, the current level of business combined with recently implemented cost containment and spending programs, could enable us to meet analysts' earnings estimates in the range of 57 to 60 cents per share in the second quarter,'' Mr. Roberts stated.

C&D Technologies' fiscal 2002 first quarter operating results from its reporting segments were as follows:

Powercom -- Powercom segment sales increased 25 percent to $77,925,000, compared to $62,154,000 in last year's first quarter. Telecommunications industry sales for reserve power systems and batteries were strong in the quarter. Operating income in the first quarter of fiscal 2002 increased 76 percent to $21,390,000 from $12,143,000 in the first quarter of fiscal 2001.

Dynasty -- The company's Dynasty segment sales declined nine percent in the first quarter to $33,437,000 from $36,626,000 in the prior year. Weaker sales in cable and telecommunications more than offset growth of battery sales for uninterruptible power supply applications. Operating income for the segment decreased 17 percent to $6,050,000 in the first quarter of fiscal 2002, compared with $7,293,000 in last year's first quarter.

Power Electronics -- Power Electronics' segment sales increased by 26 percent in the quarter to $25,096,000 from $19,917,000 last year, primarily as a result of sales recorded by the recently acquired Newport Components Division of Newport Technology Group Limited. The revenue gain was in DC to DC power converter and standard power system sales. Operating income was $1,155,000 in the first quarter of fiscal 2002 compared to operating income of $766,000 in the prior year's first quarter.

Motive Power -- Sales in the company's Motive Power segment declined two percent in the first quarter to $18,925,000 from $19,314,000 in the first quarter of the prior fiscal year. The segment had operating income of $1,022,000 in the quarter compared to operating income of $53,000 a year earlier.

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To: JakeStraw who wrote (35)7/6/2001 8:18:25 AM
From: JakeStraw
   of 40
 
Stratton's first pick is C&D Technologies (CHP) , a supplier of backup power used in products such as computers, forklifts and nuclear power plants. The Blue Bell, Pa.-based firm's earnings rose 16 percent over last year and Stratton expects similar growth in 2002. C&D accounts for about 5 percent of the fund's portfolio.
marketwatch.com

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To: JakeStraw who wrote (36)8/21/2001 9:52:31 AM
From: JakeStraw
   of 40
 
C&D Technologies Matches Previous Second Quarter Record of 49 Cents Per Share
biz.yahoo.com
BLUE BELL, Pa., Aug. 21 /PRNewswire/ -- C&D Technologies, Inc. (NYSE: CHP), a leading North American producer and marketer of electrical power storage and conversion products used in telecommunications, internet infrastructure, industrial applications, and computers, today announced that in its fiscal 2002 second quarter, ended July 31, 2001, net income was virtually equal to the previous year at $13,100,000, or 49 cents per share, compared to $13,391,000, or 49 cents per share, in the second quarter of fiscal 2001. Diluted shares for the second quarter were 26,852,000 compared to 27,415,000 last year. Sales for the fiscal 2002 second quarter decreased 18 percent to $125,493,000 from $152,156,000 in the second quarter last year.

``We are pleased that in spite of a meaningful sales decline due to slowing demand in our key markets, second quarter earnings per share matched the earnings per share of our previous second quarter record,'' said Wade H. Roberts, Jr., the company's president and chief executive officer. ``We achieved this performance through far-reaching cost containment programs which will continue to benefit us in the future. However, we expect sales may drop further in the current fiscal third quarter, resulting in an earnings decrease, to roughly 30 cents per share, unless we experience a meaningful improvement in order intake.''

For the fiscal six-month period ending July 31, 2001, sales declined three percent to $280,876,000, compared to $290,167,000 in the prior year's like period. Net income for the fiscal six months rose 23 percent to $29,947,000, or $1.11 per share, from $24,444,000, or 90 cents per share, in the prior year.

C&D Technologies' fiscal 2002 second quarter operating results from its reporting segments were as follows:

Powercom - Powercom segment sales were down two percent to $65,673,000, compared to $67,261,000 in last year's second quarter. Telecommunications sales for reserve power systems and batteries declined in the quarter, partially offset by stronger sales to the UPS market. Operating income in the second quarter of fiscal 2002 increased 49 percent to $18,655,000 from $12,527,000 in the second quarter of fiscal 2001.

Dynasty - The company's Dynasty segment sales declined 28 percent in the second quarter to $28,706,000 from $40,013,000 in the prior year. Sales in uninterruptible power supply applications and CATV/Broadband decreased in the quarter compared to the same quarter for the prior year. Operating income for the segment decreased 45 percent to $4,885,000 in the second quarter of fiscal 2002, compared with $8,928,000 in last year's second quarter.

Power Electronics - Power Electronics' segment sales decreased by 38 percent in the quarter from $24,564,000 last year to $15,187,000, of which $4,630,000 was contributed by C&D Technologies (NCL) Limited, headquartered in the UK, and acquired in the fourth last of last year. The revenue decrease was primarily in DC to DC power converter sales. The segment had an operating loss of $783,000 in the second quarter of fiscal 2002 compared to operating income of $1,475,000 in the prior year's second quarter.

Motive Power - Sales in the company's Motive Power segment declined 22 percent in the second quarter to $15,927,000 from $20,318,000 in the second quarter of the prior fiscal year. The segment had operating income of $309,000 in the quarter compared to operating income of $805,000 a year earlier.

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To: JakeStraw who wrote (37)11/21/2001 8:23:34 AM
From: JakeStraw
   of 40
 
C&D Technologies Announces Third Quarter Earnings
biz.yahoo.com
BLUE BELL, Pa., Nov. 20 /PRNewswire/ -- C&D Technologies, Inc. (NYSE: CHP), a leading North American producer and marketer of electrical power storage and conversion products used in telecommunications, internet infrastructure and industrial applications, announced that in its fiscal 2002 third quarter, ended October 31, 2001, net income was $4,368,000 or 16 cents per share before a charge of $4,000,000 on a pre-tax basis or approximately nine cents per share on an after-tax basis, primarily due to costs related to a potential acquisition that did not close. This compares to $14,745,000 or 54 cents per share, in the third quarter of fiscal 2001. Diluted shares for the third quarter were 26,502,000 compared to 27,424,000 last year. Sales for the fiscal 2002 third quarter decreased 37 percent to $102,505,000 from $161,922,000 in the third quarter last year.

``These results are in line with our previously announced expectations,'' said Wade H. Roberts, Jr., the company's president and chief executive officer. ``We expect operating profit performance in the fourth quarter to approximate the third quarter even though the fourth quarter has typically been our weakest.''

For the fiscal nine-month period ending October 31, 2001, sales declined 15 percent to $383,381,000, compared to $452,089,000 in the prior year's like period. Net income for the fiscal nine months declined 19 percent to $31,795,000, or $1.19 per share including the negative impact of the nine cent per share third quarter charge, from $39,189,000, or $1.44 per share, in the prior year.

Excluding the acquisition-related portion of the pre-tax charge, fiscal 2002 third quarter operating results from the reporting segments were as follows:

Powercom -- Powercom segment sales were down 26 percent to $51,009,000, compared to $68,551,000 in last year's third quarter primarily due to lower telecommunications sales for reserve power systems. Operating income in the third quarter of fiscal 2002 decreased 17 percent to $10,757,000, down from $12,921,000 in the third quarter of fiscal 2001.

Dynasty -- The company's Dynasty segment sales declined 36 percent in the third quarter to $27,431,000 from $42,805,000 in the prior year. Sales in uninterruptible power supply applications, CATV/Broadband and telecommunications decreased in the quarter compared to the same quarter of the prior year. Operating income in the third quarter for the segment decreased 69 percent to $3,232,000, down from $10,538,000 in last year's third quarter.

Power Electronics -- Power Electronics' segment sales decreased by 65 percent in the quarter to $10,785,000, from $30,927,000. The revenue decrease was primarily in DC to DC power converter sales. The segment had an operating loss of $4,512,000 in the third quarter which included one-time charges related to inventory reserves and costs related to the downsizing of the Shannon Ireland facility, compared to operating income of $4,507,000 in the prior year's third quarter.

Motive Power -- Sales in the company's Motive Power segment declined 32 percent in the third quarter to $13,280,000 from $19,639,000 in the third quarter of the prior fiscal year. The segment had an operating loss of $1,122,000 in the third quarter compared to an operating loss of $1,422,000 a year earlier.

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To: JakeStraw who wrote (38)3/6/2002 8:47:54 AM
From: JakeStraw
   of 40
 
C&D Technologies Reports Earnings for Fourth Quarter and Year
biz.yahoo.com
BLUE BELL, Pa., March 5 /PRNewswire-FirstCall/ -- C&D Technologies, Inc. (NYSE: CHP), a leading North American producer and marketer of electrical power storage and conversion products used in telecommunications, internet infrastructure, industrial applications, and computers, today announced earnings for its fourth quarter ending January 31, 2002 of $4,279,000 or 16 cents per share compared to $16,706,000 or 61 cents per share in the prior year. Sales for the latest quarter were $88,260,000 compared to the prior year's fourth quarter of $163,589,000. These results were in line with the company's previously announced projections as well as the consensus estimates of analysts.

``While we had significant declines in sales and earnings in the fourth quarter as well as the full year as demand in our markets declined, we remained solidly profitable as we reduced costs, increased effectiveness and streamlined our operations,'' said Wade H. Roberts, Jr., the company's president and chief executive officer. ``Record operating cash flows of more than $81,000,000 enabled us to repurchase almost $11,000,000 of company stock and to reduce debt by $43,000,000 giving us a roughly .30 debt-to-equity ratio. Our strong balance sheet reinforces our ability to fund future growth and expansion, both internally and through strategic acquisitions,'' Mr. Roberts stated. ``Although the business environment remains challenging in all of our core businesses, we are confident we have a cost base and structure that will enable us to take advantage of the inevitable turnaround in the markets we serve.''

For the full fiscal year 2002, ended January 31, 2002, net income decreased 35 percent to $36,074,000, or $1.35 per share, from $55,895,000, or $2.05 per share, in fiscal year 2001. Sales for fiscal year 2002 declined 23 percent to $471,641,000 from $615,678,000 in fiscal year 2001. Diluted common shares outstanding in fiscal 2002 were 26,688,011, a decrease of 2 percent from the prior year's 27,264,528 shares.

C&D Technologies' fiscal 2002 fourth quarter operating results from its reporting segments were as follows:

Power Electronics -- Sales decreased by 65 percent in the quarter to
$12,087,000 from $34,709,000 last year. The revenue decrease was due
primarily to the decline in DC to DC converter sales to key
telecommunications customers. An operating loss of $1,230,000 in the
latest quarter compares to operating income of $5,438,000 in the prior
year's fourth quarter.

Dynasty -- Sales declined 47 percent in the quarter to $23,220,000 from
$43,628,000 in the prior year. Primary contributors to this decrease
were a decline in battery demand for uninterruptible power supplies as
well as telecommunications applications. Operating income for the
segment decreased 65 percent to $3,902,000 in the final quarter of fiscal
2002, compared with $11,228,000 last year.

Powercom -- Sales fell 40 percent to $40,195,000, compared with
$66,698,000 in last year's final quarter. Telecommunications market
demand for reserve power systems and batteries remains weak. Operating
income in the quarter decreased 44 percent to $7,637,000 from $13,548,000
in the fourth quarter of fiscal 2001.

Motive Power -- Sales dropped 31 percent in the fourth quarter to
$12,758,000 from $18,554,000 in the prior year's last quarter. The
segment had an operating loss of $1,102,000 in the quarter compared to
an operating loss of $729,000 in the prior year's quarter. The
operating loss was primarily the result of low sales volumes.

Separately, the company expects earnings in the first quarter of fiscal year 2003 to approximate those of the fourth quarter of fiscal year 2002.

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To: JakeStraw who wrote (39)11/21/2002 8:34:12 AM
From: JakeStraw
   of 40
 
C&D Technologies Reports Earnings for Third Quarter FY 2003
Wednesday November 20, 4:32 pm ET
biz.yahoo.com
BLUE BELL, Pa., Nov. 20 /PRNewswire-FirstCall/ -- C&D Technologies, Inc. (NYSE: CHP), a leading North American producer and marketer of electrical power storage and conversion products used in telecommunications and industrial applications, today announced earnings for its third quarter ending October 31, 2002 of $5,128,000 or 20 cents per share compared to $1,848,000 or 7 cents per share in the prior year's third quarter (which included a charge of $4,000,000 on a pre-tax basis or approximately 9 cents per share on an after-tax basis, primarily due to costs related to an acquisition that did not close). Sales for the third quarter were $87,637,000 compared to the prior year's third quarter of $102,505,000. These results were in line with the company's previously announced projections. In this year's second fiscal quarter, the company had net income of $4,704,000, or 18 cents per share, on revenues of $84,292,000.

"Our company's performance in the third fiscal quarter was consistent with our expectations. Sales have stabilized in our core businesses, albeit at lower levels than the prior year, while earnings have improved, reflecting our aggressive management of costs," said Wade H. Roberts, Jr., the company's president and chief executive officer. "Based on current business conditions we expect earnings in our final fiscal quarter, ending January 31, 2003, (typically the company's slowest quarter) to be roughly comparable to those of the third quarter," Mr. Roberts stated. "We continue to seek production efficiencies, reduce debt, consider share buybacks and search for potential strategic acquisitions to facilitate C&D Technologies' growth," he said.

For the fiscal nine-month period ending October 31, 2002, net income decreased 56 percent to $13,956,000, or 54 cents per share, from $31,795,000, or $1.19 per share in the prior year. Sales for the fiscal nine-month period declined 33 percent to $255,991,000 from $383,381,000 in the prior year's comparable period.

C&D Technologies' fiscal 2003 third quarter operating results from its reporting segments were as follows:

Powercom - Sales fell 25 percent to $38,009,000, compared with $51,009,000 in last year's third quarter primarily due to lower telecommunications and uninterruptible power supply sales for reserve power systems. Operating income in the quarter decreased 34 percent to $6,340,000 from $9,622,000 in the third quarter of fiscal 2002.

Dynasty - Sales declined 14 percent in the quarter to $23,460,000 from $27,431,000 in the prior year. Primary contributors to this decrease were a decline in battery demand for uninterruptible power supplies as well as telecommunications applications, partially offset by an increase in sales to the cable market. Operating income for the segment increased 53 percent to $3,929,000 in the third quarter of fiscal 2003, compared with $2,564,000 last year.

Motive Power - Sales increased 5 percent in the third quarter to $13,903,000 from $13,280,000 in the prior year's third quarter. The segment had an operating loss of $1,058,000 in the third quarter compared to an operating loss of $1,397,000 in the prior year's comparable quarter.

Power Electronics - Sales increased 14 percent in the quarter to $12,265,000 from $10,785,000 last year. The revenue increase was due primarily to an increase in DC to DC converter sales. Operating income increased by $5,286,000 to $181,000 in the third quarter from an operating loss of $5,105,000 in the prior year's third quarter. The prior year's third quarter included one-time charges related to inventory reserves and costs related to the downsizing of the Shannon, Ireland facility.

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