EnergySolutions reports doubled profits
Firm attributes gains to its operations in the United Kingdom
The company attributed the improved profits to its international operations, which exceeded projected performance goals on its contracts in the United Kingdom. The enhanced performance resulted in increased efficiency fees earned by the company during the quarter, EnergySolutions said in a news release.
EnergySolutions acquired Reactor Sites Management Co. Ltd. in June 2007 from British Nuclear Fuels. Reactor Sites Management, through its subsidiary Magnox Electric Ltd., held the contracts and licenses to operate and decommission 10 nuclear sites and 22 reactors in the United Kingdom, on behalf of the British government.
EnergySolutions became a public company last November.
"In this, our second full quarter as a public company, I am very pleased with the performance of each of our business units and the progress each has made in executing our long-term strategic goals," EnergySolutions chief executive officer Steve Creamer said in a prepared statement.
Revenues for the quarter ended June 30 were $460 million, compared to $162 million for the same quarter in 2007. Gross profit for the quarter was $61.1 million, up from $45.7 million recorded for the same period last year.
EnergySolutions stock rose 39 cents Monday to close at $29.85. Since the initial public offering in November, the company's shares have ranged in price from $28.26 to $47.35.
Comments
- National news briefs 10:08 p.m.
- Bull kills runner at Pamplona 10:05 p.m.
- Free after 14 years for contempt 9:56 p.m.
- Photo: Missing a sister 9:55 p.m.
- 'Hope' poster artist guilty of vandalism 9:51 p.m.
- Report disputes wiretapping 9:51 p.m.
- Tax rich for health care, Demos say 9:50 p.m.
- Parks nominee is in hot water 9:30 p.m.
- Burris bows out of 2010 race 9:30 p.m.
- Regulators close Wyoming bank 9:17 p.m.
- LDS seminary principal arrested
- Jazz talking Boozer trade?
- Reactions on Boozer speculation
- Stadium of Fire flag burning was fake
- Blazers offer Millsap 4-year deal
- Jazz in back of line for free agents
- A primer for the 6th Potter film
- Okur signs two-year extension
- Jazz won't meet Lopez on Europe trip
- Restaurant destroyed by fire
- Letters: Palin mistreated
142 - Bronco collecting a galaxy of recruits
141 - Teachers struggle with district cuts
138 - Jazz talking Boozer trade?
136 - LDS seminary principal arrested
133 - Blazers may offer Millsap a contract
123 - Stadium of Fire flag burning was fake
94 - Fairness of BCS debated
81 - Chaffetz eyes challenging Bennett
74 - Blazers offer Millsap 4-year deal
73
By now you've probably read about the investigation that showed just how...
The photographs are mysterious, brooding, dark. They show dimples and...
Whereas many of the "faith-promoting" stories that circulate in Mormon...
Thanks for the clarification. (For the record, I knew you weren't a full-time...
REgardless if anyone lied, if in actuality there were any lies, Obama,...
The BCS is accused, fairly, of at least two things: 1. Keeping the title...
The federal government has stolen most Utah's lands, shouldn't Utah get...
For those of you that favor immigration, there are six and a half billion...
"U of U Student | 11:24 a.m. July 10, 2009 How about this current modern...
This was a very accurate article. We ought to know. Credit was fairly given...
It's NOT about what the people want, it's about what makes the media money.
The whole business of retiring a flag by burning it is superstitiousness at...



You can be the first to comment on this story.