Gardner Denver Inc. (NYSE:GDI) announced third quarter results that established quarterly records for revenues, operating income, net income and DEPS. Gardner Denver’s third quarter 2011 revenues of $614.7 million were up 25% over the $493.4 million reported in the third quarter of 2010. Operating income for the third quarter of 2011 was $106.6 million, a 57% increase from $68.0 million recorded in the same period of 2010. Operating margin improved 350 basis points to 17.3% in the third quarter of 2011. Net income in the third quarter of 2011 increased 58% to $73.6 million, or $1.42 per diluted share, from the third quarter 2010 level of $46.6 million, or $0.88 per diluted share.
Gardner Denver, Inc. designs, manufactures, and markets engineered industrial machinery and related parts and services primarily in North America, Europe, Asia, South America, Africa, and Australia.
Some advantages of Biomass:
o It is easy to convert Biomass to a high-energy portable fuel such as alcohol or gas.
o Biomass production helps in restoration of wasteland.
o It is very low in sulphur reducing the production of acid rain.
o It can be used in areas of unused agricultural land.
Cleantech Transit Inc. (�Cleantech�) (OTC.BB:CLNO) is pleased to announce it has met its funding requirement to secure the Company�s ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
Cleantech Transit is focusing its efforts on building a portfolio of environmentally friendly green assets. Cleantech Transit goal is to create a self sustaining environment where they can produce and sell clean electricity for their domestic use. In addition Cleantech will expand its focus to other areas of sustainable energies including renewable resources such as Geothermal, Solar and Wind. Their goal is to use innovative technologies to reduce electricity consumption and dependence on carbon based energy.
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net).
Phoenix Energy’s energy solutions can significantly reduce your operating costs in a number of ways, by reducing both your fuel and disposal costs and helping you qualify for tax credits and other energy incentives. Because you’re not generating any greenhouse gasses, you may also be able to sell your emissions credits under any future cap and trade system. And if you generate excess power, you can sell that power directly back to your local utility.
To discover more about CLNO, please visit: http://www.cleantechtransitinc.com/
Mead Johnson Nutrition Company (NYSE:MJN) announced its financial results for the third quarter ended September 30, 2011. Net sales of $933.9 million in the quarter were up 15 percent versus the third quarter of 2010. Excluding the favorable impact of foreign exchange, sales increased 11 percent. GAAP net earnings of $0.70 per diluted share for the third quarter of 2011 increased from $0.52 per diluted share in 2010.
Mead Johnson, a global leader in pediatric nutrition, develops, manufactures, markets and distributes more than 70 products in over 50 countries worldwide. The company�s mission is to nourish the world�s children for the best start in life.
BorgWarner Inc. (NYSE:BWA) produces engine timing systems, exhaust gas recirculation (EGR) tubes and Instant Start Systems for Ford’s new Duratorq TDCi Global Euro 5 engine family, which launched in several countries recently. The engine family includes the I4 2.2-liter and I5 3.2-liter diesel engines that power the Ford Transit, Fiat Ducato, PSA Boxer, LR Defender and Ford T6-GCP-Ranger.
Auburn Hills, Michigan-based BorgWarner Inc. is a product leader in highly engineered components and systems for vehicle powertrain applications worldwide. The company operates manufacturing and technical facilities in 59 locations in 19 countries.
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