Pioneer Announces Second Quarter 2011 Results MarketWatch (press release)

15.08.11

Nathan Mazurek, Pioneer's Chairman and Chief Executive Officer, said, "Pioneer has achieved significant growth across our transformer businesses so far during 2011. Pioneer Transformers and Jefferson Electric each delivered over 20% organic growth this quarter, or 23% overall compared to the first six months of last year."

Mr. Mazurek continued, "Our results can vary widely on a quarter-to-quarter basis and while our second quarter results came in below our internal profit expectations, we are still very pleased with our progress through the first half of this year. Our Adjusted EBITDA and non-GAAP net earnings per share, which exclude certain non-cash and non-recurring items, grew 31.1% and 12.5%, respectively, in the first two quarters through June 2011 versus the same period last year. In the month of July 2011, our order backlog increased by $5 million, or approximately 30%, which excludes our acquisition of Bemag Transformer on July 1, 2011. These factors should contribute favorably to our quarterly comparisons for the remainder of the year."

Source:

superior debt solutions - News

Paul Hastings Bolsters European Practice With Appointment of Seven ... MSNBC - Jan 16, 2009 "The new team's reputation for practice excellence and superior client service will perfectly complement our current offerings both in London and Europe.

First Green Film Studio in US Financed With Tax Credits From ... MSNBC - Jan 16, 2009 Certification is awarded by the US Green Building Council to structures that achieve superior environmental performance. The first step toward this goal was

Kratos Subsidiary SYS Technologies Awarded IDIQ Prime Contract ... MSNBC - Jan 14, 2009 As Kratos continues to grow, the depth and breadth of experience in all areas also continues to grow and we look forward to providing superior support in

Fake Money, Dead Money and Fake Leaders Gold Seek - Jan 15, 2009 These are best explained by first understanding what I previously wrote on the difference between a debt claim and a capital claim.

Nortel files for bankruptcy - Durham Herald Sun Durham Herald Sun, NC - Jan 15, 2009 BBC NewsNortel files for bankruptcy Nortel filed for bankruptcy in company with the Ontario Superior Court of Justice. Nortel Government Solutions and the company's affiliates in Asia, Video: Money Minute: Nortel, Lehman Dubai Nortel files for bankruptcy protection during restructuring Nortel Obtains Court Orders for Creditor Protection  -