Walter Energy (TSX:WLT) almost doubles Q1 earnings to $81.8; credits high prices – Dominion Lending Centres Clearlease
VANCOUVER, BRITISH COLUMBIA – (April 21, 2011) Clearlease.com Reports Metallurgical coal producer Walter Energy (TSX:WLT) announced Thursday April 21, 2001 that it credits some of the highest prices for coking coal that it has ever seen for almost doubling first-quarter 2011 profits.
The Tampa, Fla.,-based company which recently took over Vancouver-based Western Coal in a $3.3-billion deal, said it earned $81.8 million or $1.53 per diluted share in the three months ended March 31.
That compared with $41.6 million or 77 cents per diluted share in the first quarter of 2010. Revenues for the quarter ended march 31 totalled $408.7 million, up from $312 million in the prior-year period.
The results did not include earnings from Western Coal, acquired April 1 by Walter Energy, the world’s leading publicly traded pure play producer of metallurgical coal for the global steel industry. However, they did include $9.9 million in costs associated with the acquisition.
“We generated strong year-over-year growth in revenues and income, driven primarily by the third-highest coking coal pricing we have ever achieved,” said CEO Keith Calder.
“Now that our acquisition of Western Coal is complete, we can turn our attention to delivering on our promises, executing integration activities and framing future growth opportunities.”
Share in Walter Energy, which reported after markets closed, were down 95 cents at $124.82 Wednesday on the Toronto Stock Exchange.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
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VANCOUVER, BRITISH COLUMBIA – (April 21, 2011) Clearlease.com Reports Metallurgical coal producer Walter Energy (TSX:WLT) announced Thursday April 21, 2001 that it credits some of the highest prices for coking coal that it has ever seen for almost doubling first-quarter 2011 profits.
The Tampa, Fla.,-based company which recently took over Vancouver-based Western Coal in a $3.3-billion deal, said it earned $81.8 million or $1.53 per diluted share in the three months ended March 31.
That compared with $41.6 million or 77 cents per diluted share in the first quarter of 2010. Revenues for the quarter ended march 31 totalled $408.7 million, up from $312 million in the prior-year period.
The results did not include earnings from Western Coal, acquired April 1 by Walter Energy, the world’s leading publicly traded pure play producer of metallurgical coal for the global steel industry. However, they did include $9.9 million in costs associated with the acquisition.
“We generated strong year-over-year growth in revenues and income, driven primarily by the third-highest coking coal pricing we have ever achieved,” said CEO Keith Calder.
“Now that our acquisition of Western Coal is complete, we can turn our attention to delivering on our promises, executing integration activities and framing future growth opportunities.”
Share in Walter Energy, which reported after markets closed, were down 95 cents at $124.82 Wednesday on the Toronto Stock Exchange.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###Walter Energy (TSX:WLT) almost doubles Q1 earnings to $81.8; credits high prices – Dominion Lending Centres Clearlease
VANCOUVER, BRITISH COLUMBIA – (April 21, 2011) Clearlease.com Reports Metallurgical coal producer Walter Energy (TSX:WLT) announced Thursday April 21, 2001 that it credits some of the highest prices for coking coal that it has ever seen for almost doubling first-quarter 2011 profits.
The Tampa, Fla.,-based company which recently took over Vancouver-based Western Coal in a $3.3-billion deal, said it earned $81.8 million or $1.53 per diluted share in the three months ended March 31.
That compared with $41.6 million or 77 cents per diluted share in the first quarter of 2010. Revenues for the quarter ended march 31 totalled $408.7 million, up from $312 million in the prior-year period.
The results did not include earnings from Western Coal, acquired April 1 by Walter Energy, the world’s leading publicly traded pure play producer of metallurgical coal for the global steel industry. However, they did include $9.9 million in costs associated with the acquisition.
“We generated strong year-over-year growth in revenues and income, driven primarily by the third-highest coking coal pricing we have ever achieved,” said CEO Keith Calder.
“Now that our acquisition of Western Coal is complete, we can turn our attention to delivering on our promises, executing integration activities and framing future growth opportunities.”
Share in Walter Energy, which reported after markets closed, were down 95 cents at $124.82 Wednesday on the Toronto Stock Exchange.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###