Earnings roundup

Several companies announced quarterly financial results on Tuesday, including several with Utah ties.

Utah Medical

Salt Lake-based Utah Medical Products Inc. reported second-quarter net income of $2 million, or 49 cents per share. That compares with $2 million, or 51 cents per share, for the 2006 second quarter.

Sales totaled $7.2 million, down from $7.3 million a year earlier.

UPS

UPS Inc., which has about 3,200 workers in Utah, reported a 4.1 percent rise in second-quarter earnings on a modest increase in sales.

For the three months ending June 30, the Atlanta-based company said it earned $1.10 billion, or $1.04 a share, compared to a profit of $1.06 billion, or 97 cents a share, for the same period a year ago.

Revenue rose 3.9 percent to $12.19 billion, compared to $11.74 billion recorded in the same period a year ago.

JetBlue

JetBlue Airways Corp.'s second-quarter profit grew 50 percent on greater passenger volume, but the company announced plans to slow its growth in the wake of a February debacle in which an ice storm forced the cancellation of 1,700 flights and cost Chief Executive David Neeleman, a Utah native, his job.

JetBlue, based in Forest Hills, N.Y., said that net income grew to $21 million, or 11 cents a share, in the second quarter, from $14 million, or 8 cents a share, in the year-ago quarter.

Revenue rose to $730 million from $612 million in the second quarter of 2006, a 19.3 percent increase.

JetBlue said it will take delivery of three fewer airplanes this year than planned and will sell three more. New CEO Dave Barger has said he believes JetBlue's February meltdown was caused, in part, by the fact that the company grew too fast.

JetBlue still plans to take delivery of 7 seven new airplanes this year.

Kimberly-Clark

Kimberly-Clark Corp. said its second-quarter profit rose 22 percent, lifted in part by increased demand for Huggies diapers and other personal care products and continued double-digit sales growth in emerging markets.