| Trane Reports 2007 Record Results, Provides 2008 Outlook
PISCATAWAY, N.J., Jan. 29 /PRNewswire-FirstCall/ -- Trane Inc. (NYSE: TT) today announced fourth-quarter income from continuing operations (Trane Air Conditioning Systems and Services) of 32 cents per diluted share, down from 36 cents a year ago. Fourth-quarter 2006 results included a benefit of 10 cents related primarily to the sale of some operations in Australia and tax items. Adjusted income from continuing operations was 33 cents per diluted share, up 27 percent from 26 cents a year ago. Adjusted income excluded various costs and benefits that are detailed in the financial charts that follow this text. Sales from continuing operations were $1.82 billion, up 14.2 percent (up 11.9 percent in local currencies). Both the company's former Vehicle Control Systems (WABCO) and Bath and Kitchen segments are classified as discontinued operations.
Trane Directors Declare Quarterly Dividend of 16 Cents Per Share of ...
PISCATAWAY, N.J., Feb. 7 /PRNewswire-FirstCall/ -- The board of directors of Trane Inc. (NYSE: TT) today declared a quarterly dividend of 16 cents per share of common stock. The dividend is payable on March 20, 2008, to shareholders of record on March 3, 2008. On Dec. 17, 2007, Trane announced that it had entered into an agreement to be acquired by Ingersoll-Rand Company Limited (NYSE: IR) . The agreement is expected to be finalized in the second quarter of 2008. About Trane Trane Inc. provides heating, ventilation and air conditioning (HVAC) systems and services that enhance the quality and comfort of the air in homes and buildings around the world. The company offers customers a broad range of energy-efficient HVAC systems; dehumidifying and air cleaning products; service and parts support; advanced building controls; and financing solutions.
Only 10 of 46 air cons operable at Tamuning Elementary
Just when things were beginning to cool off, things are heating back up at Tamuning Elementary School. Students at the central school are feeling the heat once again, as a majority of the classrooms are without working air conditioning units. (This comes a few months after the units were repaired.) A total of 36 out of 46 classrooms are currently without the services of functional A/C."I told the board I'd challenge them to come to my school, sit in my class and watch my teacher give a lesson, because it's so hot," said Student Body Association president Geawna Hernandez. The outspoken fifth grader had approached the Guam Education Policy Board during its meeting last night, voicing her frustrations. The student says teachers are conducting classes outside because the heat has become unbearable, adding that she doesn't want to return back a modified bell schedule.She explained, "It's really hot and I know that not all of the kids like school, but I kind of like school and I don't want to go back to the 12 o'clock schedule anymore.
Outlook roundup: NeuStar, Diebold
STERLING, Va. (AP) -- NeuStar Inc., a provider of clearinghouse services for communications companies, said Wednesday it expects to earn at least $1.29 per share during 2008, short of analyst expectations. NORTH CANTON, Ohio (AP) -- Diebold Inc. will cut 5 percent of its work force as part of a plan to save $100 million, the maker of ATMs and voting machines said Wednesday. NEW YORK (AP) -- Apparel maker Polo Ralph Lauren Corp. on Wednesday raised fiscal 2008 earnings predictions due to a lower tax rate. DALLAS (AP) -- Lennox International Inc., a supplier of heating, ventilation and air conditioning products, maintained its 2008 adjusted earnings outlook Wednesday. HARTSVILLE, S.C. (AP) -- packaging products maker Sonoco Products Co. on Wednesday forecast first-quarter earnings below Wall Street expectations.
Bradley County Churches Get Extra Protection Due To Thefts
Sheriff Tim Gobble has placed rural Bradley County churches on "extra patrol" after recent thefts of outside heating/air conditioning units in the area.
The order means patrol deputies will make regular checks of those located in the patrol zone they are covering.
In recent weeks there have been thefts from at least six churches in Bradley and surrounding counties. Inside the units the thieves are able to extract copper tubing they can sell as scrap metal. Each theft brings a loss of at least $1,000, and in some cases the value of the unit is in the thousands of dollars.
Sheriff Gobble is asking the public to be on the lookout for suspicious activity and to not hesitate to call 9-1-1 if you see something out of the ordinary, especially on days and at times when services are not held.
Watsco, Incorporated Earnings Conference Call (Q4 2007)
Watsco, Inc., along with its subsidiaries, distributes air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States. Its products primarily comprise residential central air conditioners; light commercial air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment and systems; and other specialized equipment. The company also offers various parts, including replacement compressors, evaporator coils, motors, and other component parts; and supplies consisting of thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tape, adhesives, and other ancillary supplies. Watsco operates through approximately 380 locations in 32 states. It distributes its products to contractors and dealers who service the replacement and new construction markets.
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