Read Larry Connors' blog – Short Term Trading Strategies
Earnings per share for the twelve months ending June 30, 2008 were $1.86 on continuing operations and $1.85 for total operations compared to $1.83 for continuing operations and $1.87 for total operations for the twelve months ended June 30, 2007.
RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiaries Roanoke Gas Company, Diversified Energy Company and RGC Ventures of Virginia, Inc.
From time to time, the Company may publish forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products, research and development activities and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company's actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company's forward-looking statements.
Summary financial statements for the quarter and twelve months are as follows:
RGC Resources, Inc. and Subsidiaries Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) Three Months Ended Twelve Months Ended June 30, June 30, 2008 2007 2008 2007 ------------------------ ------------------------ Revenues $20,152,634 $15,131,375 $96,238,089 $90,344,403 Cost of sales 15,097,224 10,184,097 70,670,086 65,389,927 ----------- ----------- ----------- ----------- Gross margin 5,055,410 4,947,278 25,568,003 24,954,476 Other operating expenses 4,004,135 4,111,102 17,030,743 16,812,520 Interest expense 490,756 458,679 2,039,187 1,919,141 ----------- ----------- ----------- ----------- Income from continuing operations before income taxes 560,519 377,497 6,498,073 6,222,815 Income tax expense from continuing operations 209,141 140,977 2,430,617 2,282,097 ----------- ----------- ----------- ----------- Net income from continuing operations 351,378 236,520 4,067,456 3,940,718 Net income (loss) from discontinued operations, net of income taxes -- (459,586) (17,095) 73,669 ----------- ----------- ----------- ----------- Net income (loss) 351,378 (223,066) 4,050,361 4,014,387 Other comprehensive income (loss), net of tax 465,890 300,307 (655,337) (109,460) ----------- ----------- ----------- ----------- Comprehensive income $ 817,268 $ 77,241 $ 3,395,024 $ 3,904,927 =========== =========== =========== =========== Basic earnings per share of common stock: Income from continuing operations $ 0.16 $ 0.11 $ 1.86 $ 1.83 Discontinued operations -- (0.21) (0.01) 0.04 ----------- ----------- ----------- ----------- Net income (loss)$ 0.16 $ (0.10) $ 1.85 $ 1.87 =========== =========== =========== =========== Diluted earnings per share of common stock: Income from continuing operations $ 0.16 $ 0.11 $ 1.85 $ 1.82 Discontinued operations -- (0.21) (0.01) 0.04 ----------- ----------- ----------- ----------- Net income (loss)$ 0.16 $ (0.10) $ 1.84 $ 1.86 =========== =========== =========== =========== Cash dividends per common share $ 0.3125 $ 0.3050 $ 1.2425 $ 1.2150 =========== =========== =========== =========== Weighted average number of common shares outstanding: Basic 2,205,733 2,167,655 2,193,397 2,152,169 Diluted 2,215,424 2,167,655 2,203,972 2,162,654 Condensed Consolidated Balance Sheets (Unaudited) June 30, Assets 2008 2007 ------------- ------------- Current assets $ 37,650,146 $ 40,644,826 Total property,plant and equipment, net 74,955,171 72,006,619 Other assets 3,373,391 379,451 ------------- ------------- Total Assets $ 115,978,708 $ 113,030,896 ============= ============= Liabilities and Stockholders' Equity Current liabilities $ 29,844,168 $ 27,394,477 Long-term debt 23,000,000 28,000,000 Deferred credits and other liabilities 18,260,768 14,000,617 ------------- ------------- Total Liabilities 71,104,936 69,395,094 Stockholders' Equity 44,873,772 43,635,802 ------------- ------------- Total Liabilities and Stockholders' Equity $ 115,978,708 $ 113,030,896 ============= =============
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: RGC Resources Inc.
RGC Resources, Inc. John B. Williamson, III, Chairman, President and CEO (540) 777-3810
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403
© Copyright 2009 The Connors Group, Inc.
