Il primo titolo è
CERADYNE.
Trattasi di un'azienda industriale che produce svariati componenti in ceramica utilizzati in molti settori.
Ecco la presentazione:
Headquartered in Costa Mesa, California, Ceradyne Inc. is a fully integrated developer and manufacturer of advanced technical ceramic products and components for defense, industrial, automotive/diesel, electronic and medical markets.
Founded in 1967, Ceradyne has diversified its advanced technical ceramic product lines to capture opportunities created by growing demands for better materials performance. In late 2004, the company added new product lines and new markets—and one of the world's leading suppliers of starting powders for manufacturing advanced ceramics products—by acquiring ESK Ceramics of Kempten, Germany.
The unique characteristics of advanced technical ceramics—hardness, light weight, ability to withstand extremely high temperatures, resistance to wear and corrosion, low friction, and special electrical properties—offer significant advantages over traditional materials such as metals and plastics. As a result, components made from Ceradyne advanced technical ceramics are being used in a growing number of high performance applications in an ever-widening range of industries.
Ceradyne's markets and applications:
Defense:
Military: ballistic armor protection for personnel, tactical vehicles, helicopters, aircraft
Aerospace: missile nose cones
Industrial:
Manufacturing equipment/processes: components for aluminum processing, silicon refining, semiconductor processing, aluminum metalizing, cast iron and super-alloy cutting
Casting/pressing/forming: components for steel and aluminum casting, titanium forming, glass tempering, thin-strip metal casting
Petrochemical: parts/tools for crude oil drilling, extraction, measurement Ceramic
powders: boron-based, silicon-based, diborides
Automotive/Diesel Engine:
Drive train and fuel pump components for class 8 diesel engines
Insulators for jet engine igniters
Piston pins
Medical/Dental:
Medical components for surgical procedures, joint replacements, defibrillators
Dental implants, crowns, translucent orthodontic brackets
Ceradyne's operating divisions are located in the U.S., Canada and Europe:
Advanced Technical Ceramics: Costa Mesa and Irvine, California
Advanced Ceramic Operations: Lexington, Kentucky
Vehicle Armor Systems: Wixom, Michigan
Thermo Materials: Atlanta, Georgia
Semicon Associates: Lexington, Kentucky
Quest Technology: San Diego, California
Ceradyne CANADA: Chicoutimi, Quebec, Canada
ESK Ceramics: Kempten, Germany and Bazet, France
L'azienda è molto attiva nel settore difesa catturando numerose commesse dell'esercito statunitense tipo questa :
Title:
Ceradyne, Inc. Receives $13.3 Million Ceramic Body Armor Orders for U.S. Army
Date: 9/11/2006 12:00:00 AM
COSTA MESA, Calif.--Sept. 11, 2006--Ceradyne, Inc. (Company) (Nasdaq:CRDN) received two ceramic body armor delivery orders totaling $13.3 million from the U.S. Army, Aberdeen Proving Ground, Maryland. The orders are for $9.9 million of ESAPI and $3.4 million of ESBI (side plates) to be shipped in fourth-quarter 2006. These new delivery orders will be shipped against larger indefinite delivery/indefinite quantity (ID/IQ) contracts announced earlier.
Dave Reed, Ceradyne president of North American operations, commented: "We are pleased that the Army continues to issue ESAPI and ESBI orders to our Company. Our expanded capacity in Costa Mesa, California, and Lexington, Kentucky, will allow us to meet the Army's quality and delivery requirements. We continue to expect additional orders, including an order later this year for delivery during the balance of 2006 and early 2007."
Ceradyne develops, manufactures and markets advanced technical ceramic products and components for defense, industrial, automotive/diesel, and commercial applications. Additional information about the Company can be found at
www.ceradyne.com.
E sta riportando ottimi risultati:
Title:
Ceradyne, Inc. Reports Financial Results for Second Quarter and Six Months 2006 - Sales, Net Income, New Orders and Backlog for Quarter, Six Months Reach Record Levels
Date: 8/4/2006 12:00:00 AM
COSTA MESA, Calif.--Aug. 4, 2006--Ceradyne, Inc. (Nasdaq:CRDN) reported financial results for the second quarter and six months ended June 30, 2006, including record sales and record net income.
Sales for the second quarter of 2006 rose to a record $162.0 million, up from $89.9 million in second quarter 2005. Net income increased to a record $30.0 million or $1.10 per diluted share. This compares to a net income of $11.4 million or 46 cents per diluted share in second quarter 2005. Fully diluted average shares outstanding for the quarter were 27,340,000 compared to 24,926,000 for the same period in 2005. The second quarter 2006 net income includes a non-cash, after-tax charge of $1.5 million or 5 cents per diluted share related to the voluntary review of stock options granted during the period of 1997 through 2003, as discussed in more detail below.
Provision for income taxes was 35.3% in second quarter 2006 compared to 38.1% in second quarter 2005.
Sales for the six months ended June 30, 2006 reached a record $298.4 million, up from $159.7 million in the comparable period last year. Net income for the first six months of 2006 increased to a record $54.6 million or $2.00 per diluted share from $17.4 million or 70 cents per diluted share for the first six-month period in 2005.
New bookings for second quarter 2006 were a record $123.5 million compared to $118.5 million in the year-earlier quarter. New bookings for the first six months of 2006 increased to $278.2 million from last year's $175.0 million.
Total backlog as of June 30, 2006 rose to a record $256.6 million compared to total backlog at June 30, 2005 of $215.6 million.
Joel P. Moskowitz, Ceradyne chief executive officer, commented, "We are very pleased with the significant increase in our second quarter 2006 financial performance. The expansion of production capacity at our Lexington, Kentucky technical ceramic manufacturing facility this year allowed us to ramp up in order to meet the U.S. government's continuing requirements for lightweight ceramic body armor. The award to Ceradyne for ESBI (side plates) in early July of a $59.8 million, 2006 delivery order, as part of a new 5-year indefinite delivery/indefinite quantity contract with a maximum value of $611.7 million, indicates the continued demand for our lightweight ceramic body armor.
"The exclusive agreement with Alcan, the establishing of a manufacturing facility in Chicoutimi, Quebec, Canada, and the acquisition of the nuclear radiation shielding business ("Boral") which were announced in July 2006 will put Ceradyne in the aluminum/boron carbide metal matrix composite (MMC) business in order to produce structural elements for the fabrication of nuclear waste containment vessels. Ceradyne intends to develop ballistic grade aluminum compositions for armored vehicles and use its new Canadian facility as a base for working with the aluminum smelting industry regarding advanced technical ceramic applications.
"Additionally, the Company intends to break ground this quarter on a technical ceramic manufacturing plant in Tianjin, China. This 117,000 square foot factory will be Ceradyne's first manufacturing facility in China. Although its initial ceramic product will be related to the Chinese manufacture of silicon solar energy cells, we anticipate it will expand our presence in China and complement our Beijing sales office.
"The above activities are in keeping with our strategy of expanding our global efforts in diverse, often non-military, advanced technical ceramic products."
Moskowitz further stated: "We recently commenced a voluntary review of our historical stock option grants and related accounting treatment. This review was initiated by Ceradyne in response to concerns raised by several non-regulatory parties about our stock option granting policies and wide public media coverage of stock option grant issues involving other companies. This review is being conducted by a Special Committee of our Board of Directors, comprised solely of independent directors, with the assistance of independent legal counsel. The review is focusing on stock option grants made during the period of 1997 to the present.
"Although the Special Committee's review has not been completed, management has concluded that the measurement dates for accounting purposes differ from recorded dates for certain stock option grants made during 1997 through 2003. As a result of these findings, in the 2006 second quarter, the Company recorded an estimated after-tax, non-cash charge of approximately $1.5 million pertaining to the years ended December 31, 1997 to 2005 and the first six months of 2006. However, because the review has not been completed, the charge we have recorded in the 2006 second quarter may be modified or significantly changed."
Attualmente ha un P/E di 13 ,un ROE del 36% ed un P/E previsto di 9 e la sua attuale quotazione è 40,93 dollari.(fonte MSN).