1. Home
  2. Articles posted by: Rona Fried (Page 2039)

Trex Company Announces Preliminary Q2 Results

Trex Company, Inc. (NYSE: TWP), manufacturer of Trex decking and railing, expects net sales for the second quarter of 2005 to be in the range of $75 million to $80 million, compared to $83.4 million for the second quarter of 2004. Net sales for the first six months of 2005 are expected to be in the range of $165 million to $170 million, which would represent an increase of approximately 3-6% over the $159.7 million in net sales for the first six months of 2004. The Company expects to record a net loss for the second quarter of 2005 in the range of $0.20 to $0.25 per diluted share, compared to net income of $0.75 per diluted share in the second quarter of 2004. Chairman and Chief Executive Officer Robert Matheny said, “A combination of factors, both on the revenue and the income side, are making this year much more challenging than we had anticipated. On the top line, our results have been affected by higher than anticipated retail inventory levels, which have adversely impacted our sales. In addition, as discussed in our first quarter 2005 earnings announcement, unfavorable weather in many parts of the U.S. significantly delayed the onset […]

Read More

DynaMotive Achieves Commercial Milestone

DynaMotive Energy Systems Corporation (OTCBB:DYMTF) has signed its first third party commercial plant license agreement. The agreement, with Megacity Recycling, Inc., provides for a 200 tpd plant to be located in Ontario, Canada. This license follows the completion of feasibility studies and the memorandum of understanding between the Companies executed and announced in March of this year. The location for the licensed plant will be announced after completion of the final evaluation of two potential sites in Ontario by the parties in the near future. The licensing of the first commercial plant by DynaMotive is another key milestone in the Company’s path to market; it was reached after more than two years of development efforts and cooperation with Megacity Recycling. During the development stage, Megacity and DynaMotive reached an in-depth understanding of the large market potential that could be realized through the development of industrial fuels from biomass. DynaMotive confirmed that the license fee for the 200 tpd plant is based on a capacity factor and further established future royalty fees based on production and market value of output. Market value is defined as the gross revenues from commercial sales of BioOil, char or other by-products including heat or power […]

Read More

Weekly Clean Energy Roundup:June 22, 2005

News and Events DOE to Award $2.5 Million to 18 Tribes for Efficiency, Renewable Energy Nissan to Build Altima Hybrid in Tennessee Starting in 2006 Indiana Students Achieve 1,836 MPG in Supermileage Competition Ethanol Partnership Plans to Produce Biodiesel from Corn Vermont Sets Renewable Energy Requirement; Iowa Expands Tax Credits Planetary Society Launches a Solar SailEnergy ConnectionsInternational Funding Helps Shape China’s Energy Future News and EventsDOE to Award $2.5 Million to 18 Tribes for Efficiency, Renewable EnergyDOE announced last week that it plans to award nearly $2.5 million to 18 Native American tribes to advance the use of renewable energy and energy efficient technologies on tribal lands. The tribes will investigate energy audits, energy efficiency improvements, and a wide range of renewable energy technologies, including biomass, geothermal, solar, and wind energy. Notable projects include plans to tap geothermal energy resources on the Citizen Potawatomi Nation tribal lands in central Oklahoma, efforts to evaluate wind power development in the Aleutian Islands of Alaska, and plans to install utility-scale wind power plants on tribal lands of the Hualapai and Hopi in Arizona. See the DOE press release, or go directly to the full list of projects (PDF 9 KB). The grants are […]

Read More