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PDG weiterhin auf buy! KZ 1,1?

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eröffnet am: 26.06.07 16:01 von: NoRiskNoFun Anzahl Beiträge: 9
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bewertet mit 2 Sternen

26.06.07 16:01
2

10092 Postings, 6358 Tage NoRiskNoFunPDG weiterhin auf buy! KZ 1,1?

June 26, 2007 - 9:31 AM EDT          


PDGE 1.07   0.04  

PDG Environmental Awarded Contracts Worth $7.5 Million

PDG Environmental, Inc. (OTC BB: PDGE), a leading provider of environmental remediation and specialty contracting services, announced today that it has been awarded a number of contracts valued, in aggregate, at $7.5 million. Of the total, approximately $4.0 million of these awards are for reconstruction, mold remediation, and restoration projects in several states ? Pennsylvania, Mississippi, California, Arizona, and Texas. The contracts include apartment complexes, schools, and commercial facilities, with most of the work to be completed in the second and third quarters of fiscal 2008. The company has also been awarded approximately $3.5 million in asbestos abatement projects in Pennsylvania, New York, West Virginia, and New Jersey, for industrial and commercial customers.

?As discussed on our first quarter conference call, we?ve seen good bidding activity across the board heading into the summer season,? said John Regan, chairman and chief executive officer. ?Our reconstruction business, in particular, is building a strong backlog for the remainder of this fiscal year, and our asbestos operation remains healthy.?

About PDG Environmental

PDG Environmental, Inc., headquartered in Pittsburgh, PA, is a leading provider of specialty contracting services including asbestos abatement, mold remediation, emergency response, demolition and reconstruction to commercial, industrial and governmental clients nationwide. With over twenty years experience, PDG Environmental has offices nationwide capable of responding to customer requirements coast to coast. For additional information, please visit http://www.pdge.com.

Safe Harbor Statement under Private Securities Act of 1995: The statements contained in this release, which are not historical facts, may be deemed to contain forward-looking statements, including, but not limited to, deployment of new services, growth of customer base, and growth of service area, among other items. Actual results may differ materially from those anticipated in any forward-looking statement with regard to magnitude, timing or other factors. Deviation may result from risk and uncertainties, including, without limitation, the Company's dependence on third parties, market conditions for the sale of services, availability of capital, operational risks on contracts, and other risks and uncertainties. The Company disclaims any obligation to update information contained in any forward-looking statement.

PDG Environmental, Inc.
John C. Regan, Chairman & CEO
412-243-3200
or
Investor:
Lippert/Heilshorn & Associates, Inc.
Chris Witty, 212-201-6609
cwitty@lhai.com



Source: Business Wire (June 26, 2007 - 9:31 AM EDT)

News by QuoteMedia
www.quotemedia.com  
 

26.06.07 16:17

10092 Postings, 6358 Tage NoRiskNoFunWieder Profitabel...vom 14.06

June 14, 2007 - 8:04 AM EDT          

PDGE 1.07   0.04  

PDG Environmental Announces First Quarter Results
Return to Profitability on $21.7 Million in Revenue; Backlog Remains Strong

PDG Environmental, Inc. (OTC BB: PDGE), a leading provider of environmental remediation and specialty contracting services, today reported financial results for the first quarter ended April 30, 2007.

Revenue for the quarter was $21.7 million, up 32.6% from the $16.4 million reported in the first quarter of fiscal 2007. The increase primarily reflects the success of the company?s sales and marketing initiatives, along with increased demand for environmental remediation services nationwide. As a result of the rise in revenue, PDGE?s field margin increased to $6.5 million from $4.1 million last year, and field margin percentage expanded to 29.8% from 25.3% in the first quarter of fiscal 2007. EBITDA (earnings before interest, taxes, depreciation and amortization) improved to $1.3 million in the first quarter of 2008 versus a negative $(1.7) million for the comparable period in fiscal 2007. SG&A and other direct expenses totaled $5.6 million, or 25.7% of revenue, down from $5.9 million, or 36.2% of revenue, last year. The company reported after-tax income of $0.3 million, or $0.01 per diluted share, compared with an after-tax loss of $(2.2) million, or $(0.12) per diluted share, in the first quarter of fiscal 2007.

?As anticipated, the first quarter of fiscal 2008 marked our return to profitability, as our right-sizing efforts bore fruit and we continued to book contracts at a strong pace ? again resulting in a backlog of over $51 million,? said John C. Regan, chairman and chief executive officer of PDG Environmental. ?Our new CFO, Nick Battaglia, is taking a fresh look at the organization for additional cost-containment measures and other initiatives to improve our financial performance. The company?s sales and marketing efforts have led to new opportunities across the board, with our reconstruction division experiencing particularly strong demand heading into the second quarter. We are also preparing for an active hurricane season and are well positioned to take advantage of emergency response and reconstruction opportunities if they arise. Moving into the second and third quarters ? traditionally our strongest ? we are committed to growing the business organically while maintaining or reducing infrastructure costs and increasing field margins.?

Conference Call

PDG Environmental will host a conference call on June 14, 2007 at 11:00 a.m. Eastern. During the call, John C. Regan, Chairman and Chief Executive Officer, and Nick Battaglia, Chief Financial Officer, will discuss the Company?s quarterly performance and financial results. The telephone number for the conference call is (888) 804-7108.

Investors will be able to access an encore recording of the conference call for one week by calling (800) 642-1687, conference ID# 2983896. The encore recording will be available two hours after the conference call has concluded.

The company makes use of EBITDA (earnings before interest, taxes, depreciation and amortization) as a financial measure which it believes is a useful performance indicator. EBITDA is not a recognized term under generally accepted accounting principles, or "GAAP," and should not be considered as an alternative to net income/(loss) or net cash provided by operating activities, which are GAAP measures. A reconciliation of EBITDA to net income/(loss) appears at the end of this release, as do both actual results for the quarter and year-to-date periods.

About PDG Environmental

PDG Environmental, Inc., headquartered in Pittsburgh, PA, is a leading provider of specialty contracting services including asbestos abatement, mold remediation, emergency response, demolition and reconstruction to commercial, industrial and governmental clients nationwide. With over twenty years experience, PDG Environmental has 13 offices capable of responding to customer requirements coast to coast. For additional information, please visit www.pdge.com.

Safe Harbor Statement under Private Securities Act of 1995: The statements contained in this release, which are not historical facts, may be deemed to contain forward-looking statements, including, but not limited to, deployment of new services, growth of customer base, and growth of service area, among other items. Actual results may differ materially from those anticipated in any forward-looking statement with regard to magnitude, timing or other factors. Deviation may result from risk and uncertainties, including, without limitation, the company's dependence on third parties, market conditions for the sale of services, availability of capital, operational risks on contracts, and other risks and uncertainties. The company disclaims any obligation to update information contained in any forward-looking statement.

         
PDG ENVIRONMENTAL, INC. AND SUBSIDIARIES  
CONSOLIDATED BALANCE SHEETS  
         
         
    April 30,   January 31,  
    2007  
 2007  

ASSETS    (unaudited)    
         
Current Assets      
 Cash and cash equivalents   $  70,000    $  158,000  
 Contracts receivable, net    23,202,000     21,257,000  
 Costs and estimated earnings in excess of billings on uncompleted contracts
  5,549,000     5,607,000  
 Inventories    588,000     553,000  
 Prepaid income taxes    41,000     271,000  
 Deferred income tax asset    915,000     915,000  
 Other current assets      933,000       534,000  
         
Total Current Assets    31,298,000     29,295,000  
         
Property, Plant and Equipment    11,523,000     11,352,000  
Less: accumulated depreciation      9,063,000       8,795,000  
         
     2,460,000     2,557,000  
         
Intangible Assets, net    5,227,000     5,416,000  
         
Goodwill    2,619,000     2,651,000  
         
Deferred Income Tax Asset    2,498,000     2,565,000  
Contracts Receivable, Non Current    500,000     500,000  
Other Assets      295,000       270,000  
         
Total Assets    
$  44,897,000    $  43,254,000  
         
LIABILITIES AND STOCKHOLDERS' EQUITY      
         
Current Liabilities      
 Accounts payable    
$  7,944,000    $  7,403,000  
 Billings in excess of costs and estimated earnings on uncompleted contracts
  2,915,000     3,421,000  
 Accrued liabilities    4,377,000     4,007,000  
 Current portion of long-term debt      331,000       322,000  
         
Total Current Liabilities    15,567,000     15,153,000  
         
Long-Term Debt    12,813,000     12,161,000  
         
Mandatorily redeemable cumulative convertible Series C preferred stock      2,760,000       2,550,000  
         
Total Liabilities    31,140,000     29,864,000  
         
Commitments and Contingencies      
         
Stockholders' Equity      
 Common stock    411,000     411,000  
 Common stock warrants    1,628,000     1,628,000  
 Paid-in capital    19,298,000     19,245,000  
 Accumulated deficit    (7,542,000)    (7,856,000)  
  Less treasury stock, at cost      (38,000)      (38,000)  
         
Total Stockholders' Equity      13,757,000       13,390,000  
         
Total Liabilities and Stockholders' Equity    
$  44,897,000    $  43,254,000  
PDG ENVIRONMENTAL, INC. AND SUBSIDIARIES  
STATEMENTS OF CONSOLIDATED OPERATIONS  
(UNAUDITED)  
       
  For the Three Months Ended April 30,  
  2007  
 2006  

       
       
Contract Revenues   $  21,700,000    $  16,368,000  
       
Job Costs      15,234,000       12,224,000  
       
Field Margin    6,466,000     4,144,000  
       
Other Direct Costs      2,773,000       2,998,000  
       
Gross Margin    3,693,000     1,146,000  
       
Selling, General and Administrative Expenses      2,814,000       2,932,000  
       
Income (Loss) From Operations    879,000     (1,786,000)  
       
Other Income (Expense):      
Interest expense    (271,000)    (219,000)  
Non-cash dividends and interest expense for accretion of discount on preferred stock   (210,000)    (784,000)  
Non-recurring charge for employee fraud    -     (347,000)  
Interest and other income      5,000       -  
     (476,000)      (1,350,000)  
       
Income (Loss) Before Income Taxes    403,000     (3,136,000)  
       
Income Tax (Benefit) Provision      89,000       (976,000)  
       
Net Income (Loss)   $  314,000    $  (2,160,000)  
       
Earnings Per Common Share - Basic:   $  0.02    $  (0.12)  
       
Earnings Per Common Share ? Dilutive:   $  0.01    $  (0.12)  
       
Average Common Shares Outstanding    20,502,191     18,268,000  
       
Average Dilutive Common Stock Equivalents Outstanding    495,216     -  
Average Common Shares and Dilutive Common Stock Equivalents Outstanding
  20,997,407     18,268,000  
       
       
PDG ENVIRONMENTAL, INC. AND SUBSIDIARIES  
RECONCILIATION OF EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION ("EBITDA")  
(UNAUDITED)  
       
  For the Three Months Ended April 30,  
  2007  
 2006  

       
       
Net Income (Loss)   $  314,000    $  (2,160,000)  
       
Income Tax Provision (Benefit)    89,000     (976,000)  
       
Interest Expense    271,000     219,000  
       
Non-cash dividends and interest expense for accretion of discount on preferred stock   210,000     784,000  
       
Depreciation and Amortization      461,000       426,000  
       
EBITDA   $  1,345,000    $  (1,707,000)  


PDG Environmental, Inc.
John C. Regan, Chairman & CEO
412-243-3200
or
Investor:
Lippert/Heilshorn & Associates, Inc.
Chris Witty, 212-838-3777
cwitty@lhai.com



Source: Business Wire (June 14, 2007 - 8:04 AM EDT)

News by QuoteMedia
www.quotemedia.com  
 

27.06.07 09:02
1

10092 Postings, 6358 Tage NoRiskNoFunSchlußkurs auf Tageshoch 1,08$

Der Aufwärtstrend setzt sich somit schön fort und man kann den stop nun ins Plus nachziehen ;-)  

27.06.07 09:13

10092 Postings, 6358 Tage NoRiskNoFunAktuelle Positionen Tradingbase:

Allianz weiterhin short
Deutsche Börse weiterhin short
Adidas weiterhin short
Porsche weiterhin short
Henkel weiterhin short

Sap Long

Adva weiterhin buy
Sygnis Pharma Hold (morgen Termin!)
Parsytec weiterhin buy

PDG weiterhin buy
MedGen Hold (Longterm buy)

Dax 7790 Bruch short...spekulativ long 7802

Have a nice Day...nur noch 91 :-)

 

27.06.07 10:03

10092 Postings, 6358 Tage NoRiskNoFuncg1963 KK 1,29 SL 1,18 Ziel 1,65

27.06.07 18:51

10092 Postings, 6358 Tage NoRiskNoFunPDG 1,09 weiter im Uptrend..

03.07.07 08:45

10092 Postings, 6358 Tage NoRiskNoFunWieder auf Dayhigh geschlossen 1,12$!

Neuer Pennystock im Musterdepot....

 

03.07.07 15:35

10092 Postings, 6358 Tage NoRiskNoFunPDG vorbörslich auf neues Hoch 1,18 aktuell 1,15

weiter geht der Uptrend..  

03.07.07 15:45

10092 Postings, 6358 Tage NoRiskNoFunBN62R2 KK 0,88 SL 0,75 Ziel 1,08

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