Ingersoll-Rand Plc (NYSE: IR) is a world leader in creating and sustaining safe, comfortable and efficient environments in commercial, residential and industrial markets. Our people and our family of brands—including Club Car®, Hussmann®, Ingersoll Rand®, Schlage®, Thermo King® and Trane®—work together to enhance the quality and comfort of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties, and increase industrial productivity and efficiency. They are a $13 billion global business committed to sustainable business practices within their company and for their customers.
IR reported revenues increased by 7% for the second quarter of 2010 compared with the 2009 second quarter; orders increased by 10%; and diluted earnings per share (EPS) from continuing operations exceeded the prior guidance range.
IR reported net earnings of $196.4 million, or EPS of $0.58, for the second quarter of 2010. Second-quarter net income included $256.7 million, or EPS of $0.76 from continuing operations, as well as $60.3 million of after-tax costs, equal to EPS of $(0.18), from discontinued operations. Second-quarter 2010 EPS from continuing operations included approximately $17 million of pre-tax restructuring/
This compares to net earnings for the 2009 second quarter of $122.1 million, or EPS of $0.38, which included EPS of $0.43 from continuing operations and $(0.05) from discontinued operations. Second-quarter 2009 EPS from continuing operations included approximately $41 million of pre-tax restructuring/
For more information about this company please visit www.ingersollrand.com
TaxMasters, Inc. (TAXS.OB) offers services and counsel to taxpayers across the country facing seemingly insurmountable tax problems, and relief from substantial federal tax debt. Employing over 300 people, TaxMasters leverages the expertise of ex-IRS agents, enrolled agents, attorneys, CPAs, and seasoned tax consultants ready to counsel and assist every day people with their specific tax issues.
TAXS recently filed a Current Report on Form 8-K to announce that Patrick Cox, its founder, CEO and majority shareholder, voluntarily entered into a Financial Reorganization Agreement in which Mr. Cox deposited 200 million shares of his TaxMasters, Inc. common stock with TaxMasters, Inc. transfer agent, Olde Monmouth Stock Transfer Co., Inc. These shares will be held in escrow by Olde Monmouth for a five year period ending June 30, 2015. During that time, Mr. Cox has waived his right to vote the escrowed shares and he has also waived his right to receive any dividends or other distributions by TaxMasters, Inc. with respect to the escrowed shares. As a result of Mr. Cox’s voluntary escrow of shares, there are now 139,676,105 shares of common stock that can be voted or can receive dividends or other distributions. The 139,676,105 shares will also be the number of shares used to calculate earnings per share for TaxMasters, Inc. financial statements.
After each fiscal year during the five years that Mr. Cox’s shares are being held in escrow, Mr. Cox may claw back a portion of the escrowed shares based on a formula linked to the financial performance of TAXS. Any shares Mr. Cox does not claw back prior to June 30, 2015 will be turned over to the Company for cancellation.
As a result of the Financial Reorganization Agreement, shareholders will have an increased voting power in their stock. For example, a shareholder owning 1,000,000 shares of TaxMasters common stock will have an increase of the voting power of such stock from 0.3% of the voting power to 0.7% of the voting power.
TAXS offers services and counsel to taxpayers across the country facing seemingly insurmountable tax problems, and relief from substantial federal tax debt. Employing over 300 people, TaxMasters leverages the expertise of ex-IRS agents, enrolled agents, attorneys, CPAs, and seasoned tax consultants ready to counsel and assist every day people with their specific tax issues.
For more information about this company please visit http://www.txmstr.com
McDonald’s Corp. (NYSE: MCD) is the leading global foodservice retailer with more than 32,000 local restaurants serving more than 60 million people in 117 countries each day. More than 75% of McDonald’s restaurants worldwide are owned and operated by independent local men and women.
MCD reported strong results for the second quarter 2010 driven by all areas of the world. The Company reported global comparable sales increased 4.8%, with the U.S. up 3.7%, Europe up 5.2% and Asia/Pacific, Middle East and Africa up 4.6%. Consolidated operating income increased 10%. Diluted earnings per share were $1.13, up 15%. Returned $1.6 billion to shareholders through share repurchases and dividends
For the second quarter, U.S. operating income rose 7% as sales were driven by the beverage line-up, featuring the popular new Frappes and value-based beverages, as well as classic core menu favorites and the everyday affordability of the Dollar Menu.
MCD Europe generated strong comparable sales for the second quarter against robust prior year results. France, Russia and the U.K. fueled Europe’s 9% (14% in constant currencies) operating income increase. Upgrading the customer experience with contemporary and inviting decors, signature menu options and unique marketing promotions contributed to Europe’s second quarter performance.
For more information about this company please visit http://www.mcdonalds.com
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