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News Breaks | | | | June 7, 2012 | | 14:40 EDT |  | AGYS, CMTL, COO, IDT, JADE, OCLS, OESX, ZQK, RENT | Companies reporting After the Market Close on Thursday, June 7
Notable companies reporting after the closing bell include Agilysys (AGYS), Comtech Telecommunications (CMTL), Cooper Companies (COO), IDT (IDT), Lj International (JADE), Oculus Innovative Sciences (OCLS), Orion Energy Systems (OESX), Quiksilver (ZQK), and Rentrak (RENT). | |
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News For AGYS;CMTL;COO;IDT;JADE;OCLS;OESX;ZQK;RENT From The Last 14 Days Check below for free stories on AGYS;CMTL;COO;IDT;JADE;OCLS;OESX;ZQK;RENT the last two weeks. |
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| May 22, 2013 | | 16:20 EDT |  | OESX | Orion Energy to acquire Harris Manufacturing and Harris LED for $10M
Orion announced that it has signed a definitive agreement to acquire all of the issued and outstanding equity interests of Harris Manufacturing and Harris LED. Harris Manufacturing and Harris LED, located in Green Cove Springs, Florida, engineer, design, source and manufacture energy efficient lighting systems. The initial purchase price for the transaction is $10M, subject to closing date adjustments for net working capital, funded debt and certain other items. Subject to such adjustments, the purchase price will be paid in a combination of $5M of cash, $3M in a three-year unsecured subordinated note and $2M of unregistered Orion common stock. Additionally, Orion may pay up to an additional $1M in shares of unregistered common stock upon Harris' post-closing achievement of certain revenue milestones in calendar year 2013 and/or 2014. Consummation of the transaction is expected to occur early in Orion's 2Q14. The transaction is expected to be immediately accretive to Orion's earnings. | | | 16:13 EDT | | OESX | Orion Energy reports Q4 EPS 3, one estimate 1c
Reports Q4 revenue $22.3M vs. $21.5M last year. Reports Q4 order backlog $21.9M. | | | May 16, 2013 | | 18:41 EDT | | ZQK | Quiksilver announces multi-year profit improvement plan
Quiksilver announced an aggressive multi-year profit improvement plan designed to accelerate the company's three fundamental strategies of strengthening brands, growing sales and driving operational efficiencies. The plan's initiatives focus on prioritizing the company's core brands, globalizing key functions and reducing its cost structure. The company expects that the plan, when fully implemented in 2016, will improve EBITDA by approximately $150M, of which approximately one-half will come from supply chain optimization and the other half primarily from corporate overhead reductions, licensing opportunities, net revenue growth and improved pricing management, compared with 2012 results. More specifically, the plan calls for improvement, over the same period, in the following areas: Net revenues to see compound annual growth rate of approximately 2.5%, and EBITDA to increase to at least 13% of net revenues. | | | May 15, 2013 | | 10:13 EDT |  | COO | On The Fly: Analyst Downgrade Summary
 Subscribe for More Information | | | 07:57 EDT | | COO | Cooper Companies downgraded to Outperform from Strong Buy at Raymond James
Subscribe for More Information | | | May 10, 2013 | | 10:56 EDT | | ZQK | T. Rowe Price reports 10.5% passive stake in Quiksilver
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