NSIT, GRHU, – Stock-PR.com Morning Stocks in Action
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__ NSIT, Insight Enterprises, Inc.
NSIT provides brand-name information technology (IT) hardware, software, and services to small, medium, and large businesses, as well as to public sector institutions in North America, Europe, the Middle East, Africa, and the Asia-Pacific. NSITs technology solutions help companies design, enable, manage, and secure their IT environments. It offers high-end servers, data disk arrays, hard drives, tape libraries, blades, and virtualization software to help clients build and maintain responsive IT infrastructures.
NSIT reported results of operations for the quarter and year ended December 31, 2010.
For the fourth quarter of 2010 compared to the fourth quarter of 2009, Highlights Include:
– Net sales increased 14% to $1.3 billion.
– Gross profit increased 11% to $172.6 million.
– Earnings from operations increased 38% to $37.3 million, or 2.8% of net sales.
– Net earnings from continuing operations increased 43% to $25.0 million.
– Diluted earnings per share from continuing operations increased 43% to $0.53.
– Results for the fourth quarter 2010 include a tax benefit of $1.6 million related to the recapitalization of one of the Companys foreign subsidiaries. Fourth quarter 2009 results reflect a tax benefit of $3.3 million related to the recapitalization of one of the Companys foreign subsidiaries and the true up of certain foreign tax assets.
NSITs 2010 Full Year Highlights Include:
– Net sales increased 16% to $4.8 billion.
– Gross profit increased 14% to $646.1 million.
– Earnings from operations increased 135% to $124.1 million, or 2.6% of net sales.
– Net earnings from continuing operations increased 145% to $75.5 million.
– Diluted earnings per share from continuing operations increased 140% to $1.61.
– During 2010, the Company generated $98.2 million of cash flows from operations and paid down its revolving credit facility by $57.0 million, ending the year with $123.8 million of cash and cash equivalents and $90.0 million of debt outstanding under its revolving credit facility.
More about NSIT at www.insight.com ***********************
GRHU, GreenHouse Holdings, Inc., GRHU.OB GRHU is a leading provider of energy efficiency solutions and sustainable infrastructure products.
GRHU designs, engineers and installs disparate products and technologies with visible return on investment, enabling our clients to reduce their energy costs. GRHUs target markets for its energy efficiency solutions include residential, commercial and industrial, as well as government and military markets. In addition, GRHU develops designs and constructs rapidly deployable, sustainable infrastructure primarily for use in disaster relief and security in austere regions.
GRHU and ten tequila distilleries, members of the largest and most profitable export industry in Mexico, recently reported that they are becoming more energy efficient and environmentally sustainable as mandated by recently enacted regulations. The distilleries have entered into agreements with GreenHouse Soluciones, a wholly-owned subsidiary of GRHU. The agreements are expected to generate over $8 million in revenues for GRHU in 2011.
GreenHouse will remove approximately 600 tons of solid agave waste per day from its initial ten Tequila customers, which represents approximately 33% of the total agave waste from the area. The Company estimates it will receive approximately $1.7 million annually in revenues based on the initial ten customers. In addition, GreenHouse plans to convert the waste to compost and sell fertilizer to local farmers which can in turn be used to protect the soil of the region. The company estimates they will be able to produce approximately 120,000 tons of compost fertilizer per year, which equates to approximately $6.5 million in additional revenues for GRHU.
GRHU also recently announced that it has been engaged to implement Southern California Edison`s (SCE) Automated Demand Response (Auto-DR) program for three commercial/industrial customers. The customers include the PepsiCo Carson bottling facility, Sigma Plating and CRP MB Studio, LLC.
GRHU estimates that the projects will generate $500,000 in revenue to the company. This projection is based upon approximately 1,500 kW or 1.5 MW of electricity demand reduction and infrastructure improvements from the engagements.
GRHU is a qualified service provider of SCE`s Auto-DR program, providing site assessment, feasibility studies, project development, engineering, and installation of enabling technologies including complete processing of all utility documents.
More about GRHU at www.greenhouseintl.com THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. Stock-PR.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold Stock-PR.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://stock-pr.com/disclaimer).Crown Equity Holdings Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period. Crown Equity Holdings Inc. (CRWE.OB) has received fifteen thousand dollars in cash and anticipates another five thousand dollars in cash from the company for 60 days of advertisement services for Green House Holdings, Inc. (GRHU.OB). In addition to the cash, Crown Equity Holdings Inc. (CRWE.OB) also has received 20,000 shares of 144 restricted stocks from the company.
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