Facebook Twitter

Earnings roundup

Fourth-quarter earnings for Northrop Grumman, which has a plant in El Segundo, Calif., rose 22 percent.

Fourth-quarter earnings for Northrop Grumman, which has a plant in El Segundo, Calif., rose 22 percent.

Reed Saxon, Associated Press

Several companies with Utah connections reported quarterly financial results on Tuesday.

Headwaters

Headwaters Inc. reported net income of $28.3 million, or 60 cents per share, for the quarter ended Dec. 31. That compares with $11.1 million, or 30 cents per share, in the year-earlier quarter.

The South Jordan-based company said revenue in the fiscal first quarter totaled $280.5 million, up from $218.4 million a year earlier.

Headwaters is involved in advancing natural-resource utilization technology.

The company's stock fell $1.98 Tuesday to close at $34.27 per share on the New York Stock Exchange. During the past year, the price has ranged from $29.08 to $45.75.

Utah Medical

Salt Lake-based Utah Medical Products Inc. reported net income of $1.9 million, or 46 cents per share, for the 2005 fourth quarter. That compares with $1.4 million, or 32 cents per share, in the year-earlier quarter.

Wall Street had expected the company to earn 55 cents per share in the most recent quarter.

Sales in the quarter ended Dec. 31 totaled $7 million, up from $6.4 million.

For the full year 2005, the company reported net income of $7.5 million, or $1.80 per share, on sales of $27.7 million. That compares with $10.2 million, or $2.19 per share, on sales of $26.5 million in 2004.

The company develops, manufactures, assembles and markets specialty medical devices.

The company's stock rose $1.41 Tuesday to close at $30.71 per share on Nasdaq. During the past year, the price has ranged from $20.06 to $32.83.

Convergys

Convergys Corp., which has about 8,300 workers at six call centers in Utah, said net income increased 16 percent in the fourth quarter on lower restructuring costs.

Net income rose to $23.4 million, or 16 cents a share, from $20.2 million, or 14 cents, a year earlier, the company said. Convergys was expected to earn 14 cents, the average estimate of 10 analysts surveyed by Thomson Financial.

Fourth-quarter revenue fell to $669.6 million from $672.2 million on lower revenue from Cingular Wireless LLC, Convergys said.

The Cincinnati-based company said it expects to earn 27 cents to 28 cents in the first quarter and $1.20 for the full year, excluding non-cash stock compensation expenses.

Convergys stock rose $1.26 Tuesday to close at $16.81 per share on the NYSE. During the past year, the price has ranged from $12.57 to $17.90.

Northrop Grumman

Defense contractor Northrop Grumman Corp. said its fourth-quarter earnings rose 22 percent, topping Wall Street expectations.

The company earned $331 million, or 92 cents per share, compared with $272 million, or 74 cents per share, during the same period a year ago. Sales totaled $7.86 billion, edging up from last year's $7.85 billion.

Analysts, on average, were looking for earnings of 83 cents per share on sales of $7.85 billion, according to a survey by Thomson Financial.

For the full year, the company earned $1.4 billion, or $3.85 per share, up 29 percent from $1.08 billion, or $2.97 per share, a year ago. Full-year sales totaled $30.72 billion, up 3 percent from last year's $29.85 billion.

Northrop Grumman has about 1,250 employees in Utah.

The company's stock rose $1.32 Tuesday to close at $62.08 per share on the NYSE. During the past year, the price has ranged from $51.10 to $62.82.

Kimberly-Clark

Kimberly-Clark Corp., which has facilities in Ogden and Draper, said Tuesday fourth-quarter earnings tumbled 17 percent as one-time costs cut into profits, offsetting higher revenue.

Earnings for the Texas-based company fell to $371.1 million, or 79 cents per share, from $445.3 million, or 91 cents per share, a year ago. Sales edged up 3 percent to $4.01 billion from $3.9 billion.

Stripping out one-time items such as a tax provision for repatriating foreign profits and certain accounting adjustments, Kimberly-Clark said its fourth-quarter earnings per share would have increased 3 percent to 95 cents per share. Analysts, on average, expected the company to post adjusted earnings of 95 cents per share on sales of $4.07 billion, according to Thomson Financial.

Kimberly-Clark stock fell $1.15 Tuesday to close at $58.56 per share on the NYSE. During the past year, the price has ranged from $55.60 to $68.29.


Contributing: Associated Press; Bloomberg News