$$$$ nachbörslich Super-Zahlen bei B.+C.INTL WELL $$$$ Tageszock???? - 500 Beiträge pro Seite

[Kamala20]

..die könnten heute gewaltig abgehen.....



(WEL)Boots & Coots Reports Fourth Quarter and Year-End Results
Company Realizes Strongest Year in History

Boots & Coots International Well Control, Inc. (AMEX:WEL), reported net income attributable to common stockholders of $4.5 million, or $0.07 per diluted share, for the fourth quarter ended December 31, 2006 compared to net income of $1.2 million, or $0.04 per diluted share, for the same period in 2005. Revenues for the fourth quarter of 2006 were$33.7 million compared to $5.9 million in the fourth quarter of 2005. The Company reported EBITDA (defined as earnings before interest, income taxes, depreciation and amortization; see the reconciliation and rationale for this non-GAAP financial measure below) of $8.9 million for the 2006 fourth quarter compared to $1.9 million for the 2005 fourth quarter. The 2006 fourth quarter includes the operating results for the hydraulic workover/snubbing business acquired effective as of March 1, 2006.

For the year ended December 31, 2006, the Company reported net income attributable to common stockholders of $11.8 million, or $0.21 per diluted share, compared to $1.9 million, or $0.06 per diluted share for 2005. Revenues for the year were $97.0 million compared to $29.5 million for 2005. EBITDA was $24.8 million in 2006 compared to $5.3 million for the prior year. Included in the 2006 operating results is ten months of results from the Company’s acquired hydraulic workover/snubbing business. Boots & Coots recognized an effective tax rate of 34.4% in 2006 compared to 28.9% in 2005.

“2006 was a true milestone for Boots & Coots. In 2005, our response business accounted for more than 50% of our revenue mix. In 2006 it accounted for less than 22%, thanks to our acquired hydraulic workover/snubbing services and our growing Safeguard business,” stated Jerry Winchester, President and Chief Executive Officer. “In 2006 we exceeded $100 million in revenues on a pro forma basis. Pro forma revenues were $105.6 million, 52% higher than 2005 pro forma revenues, with Well Intervention growing 58% and Response growing 30%.

“Growth in both segments reflects our strategy of gaining a geographic presence and then expanding that presence with additional service offerings. Our successes in Algeria and more recently in Libya are both great examples of this strategy, and we plan to use those as blueprints to expand our presence in other countries as well as here at home.”

Business Segment Results

Well Intervention

For the 2006 fourth quarter, the Well Intervention segment generated revenues of $22.5 million and EBITDA of $4.2 million compared to $3.5 million in revenues and $0.7 million in EBITDA in the 2005 fourth quarter, reflecting a revenue increase of 539% and an EBITDA increase of 520%. These increases were due primarily to the inclusion of results for the hydraulic well control business from and after March 1, 2006, the effective date of the acquisition, and quarter-over-quarter growth in the Company’s Safeguard services of 106%. The hydraulic well control business contributed $15.8 million in revenues and $2.2 million in EBITDA in the fourth quarter of 2006. For the year, Well Intervention generated $76.7 million in revenues and $16.5 million in EBITDA, up 453% and 478%, respectively, in 2006 compared to revenues of $13.9 million and EBITDA of $2.8 million in 2005. The hydraulic well control business contributed $53.8 million in revenues and $13.0 million in EBITDA for the period from March 1, 2006 to December 31, 2006.

Response

For the 2006 fourth quarter, the Response segment generated revenues of $11.2 million and EBITDA of $4.8 million compared to $2.4 million in revenues and $1.3 million in EBITDA in the 2005 fourth quarter. For the year ended 2006, the Response segment generated $20.4 million in revenues and $8.3 million in EBITDA compared to $15.7 million in revenues and EBITDA of $2.4 million for 2005. Margins improved due to reduced third party pass-through charges, favorable pricing and operating leverage gained on increased activity.

During the first quarter of 2006, the Company adopted Statement of Financial Accounting Standards No. 123 (revised 2004), which requires the measurement and recognition of compensation expense for all share-based payment awards made to employees, consultants and directors; including employee stock options based on estimated fair values. For the quarter and year ended December 31, 2006, the Company incurred non-cash charges of $0.3 million, or $0.01 per diluted share, and $1.3 million, or $0.02 per diluted share, respectively, related to share based awards as compared to zero in both comparable periods in 2005.

First Quarter Update

The company expects revenues and net income in the first quarter of 2007 to be down from the fourth quarter of 2006. Response revenues will be significantly lower in the first quarter of 2007 and certain Well Intervention projects of customers in the Gulf of Mexico and Venezuela have been delayed. “The second quarter is historically a stronger quarter in the Gulf of Mexico so we expect that callout work will increase going forward,” stated Mr. Winchester. “Based on our operating history, the apparent backlog in Venezuela and delays resulting from the change in operating control of fields, we expect those projects to resume in due course.” Due to the cyclical nature of the Response business, as evidenced by the concentration of 2006 Response work in the last two quarters of the year, the company's Response revenues for the first quarter will approach the level of the first quarter of 2006.

Conference Call

Boots & Coots will hold its quarterly conference call to discuss 2006 results tomorrow, March 21, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). The dial-in number for the call is 800-706-7745, passcode ‘Boots & Coots’. To listen to the live Webcast, log on to www.bncg.com/investor/invest.htm and click on the 2006 Earnings Webcast link. A replay of the Webcast will be available on the investor relations page of the Company’s Website within 24 hours of the call. The call will also be available for replay for 30 days by dialing 888-286-8010, passcode 76298178. A copy of this press release and any other financial information about the period to be presented will be available at the Investor Relations section of the Company’s Website.

About Boots & Coots

Boots & Coots International Well Control, Inc., Houston, Texas, provides a suite of integrated pressure control services to onshore and offshore oil and gas exploration companies around the world. Our business segments are Well Intervention and Response. The Well Intervention segment consists of services that are designed to enhance production for oil and gas operators and reduce the number and severity of critical well events such as well fires, blowouts or other losses of control at the well. The scope of these services includes training, contingency planning, well plan reviews, audits, inspection services and engineering services offered through our Safeguard programs and services offered in conjunction with our WELLSURE® risk management program. This segment also includes services performed by hydraulic workover and snubbing units that are used to enhance production of oil and gas wells. The Response segment consists of personnel, equipment and services provided during an emergency response such as a critical well event or a hazardous material response. These services include snubbing and other workover services provided during a response. For more information, visit the Company's web site at www.boots-coots.com.

Certain statements included in this news release are intended as "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Boots & Coots cautions that actual future results may vary materially from those expressed or implied in any forward-looking statements. More information about the risks and uncertainties relating to these forward-looking statements are found in Boots & Coots' SEC filings, which are available free of charge on the SEC's web site at www.sec.gov.

(Tables to follow)

BOOTS & COOTS INTERNATIONAL WELL CONTROL, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(000’s except share and per share amounts)



Three Months Ended
December 31,
Year Ended
December 31,

2006 2005 2006 2005
(unaudited) (unaudited)

REVENUES(a) $ 33,745 $ 5,873 $ 97,030 $ 29,537

COST OF SALES, excluding depreciation and amortization 18,844 1,968 52,281 14,488

Gross Margin 14,901 3,905 44,749 15,049

OPERATING EXPENSES 4,865 1,276 15,597 7,098
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 1,005 685 4,118 2,674
OTHER OPERATING EXPENSES 85 — 259 —
DEPRECIATION AND AMORTIZATION 1,417 122 4,883 714

OPERATING INCOME 7,529 1,822 19,892 4,563

INTEREST EXPENSE AND OTHER, net 751 132 2,860 655

INCOME BEFORE INCOME TAXES 6,778 1,690 17,032 3,908
INCOME TAX EXPENSE 2,292 252 5,867 1,129

NET INCOME 4,486 1,438 11,165 2,779

PREFERRED DIVIDEND REQUIREMENTS AND ACCRETIONS
—
225
(616)
874


NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS
$ 4,486
$ 1,213
$ 11,781
$ 1,905


Basic Earnings per Common Share: $ 0.08 $ 0.04 $ 0.22 $ 0.06

Weighted Average Common Shares Outstanding – Basic 58,893,000 29,536,000 53,772,000
29,507,000

Diluted Earnings per Common Share: $ 0.07 $ 0.04 $ 0.21 $ 0.06

Weighted Average Common Shares Outstanding – Diluted 60,657,000 31,379,000 55,036,000
31,374,000

(a) Revenues for the year ended December 31, 2005 include $5,341 of pass-through third-party charges related to one large job for personnel security. A lower level of charges was applicable for the year ended December 31, 2006.


Information concerning operations in different business segments for the three months and year ended December 31, 2006 and 2005 is presented below. Certain reclassifications have been made to the prior periods to conform to the current presentation.

Three Months Ended
December 31,
Year Ended
December 31,

2006 2005 2006 2005
(in thousands)
(unaudited) (unaudited)
Revenues
Well Intervention $ 22,505 $ 3,521 $ 76,653 $ 13,860
Response 11,240 2,352 20,377 15,677
$ 33,745 $ 5,873 $ 97,030 $ 29,537
EBITDA(a)
Well Intervention $ 4,180
$ 674 $ 16,472
$ 2,848
Response 4,766
1,270 8,303
2,429
$ 8,946 $ 1,944 $ 24,775 $ 5,277
Depreciation and Amortization (b)
Well Intervention $ 1,312 $ 72 $ 4,637 $ 310
Response 105 50 246 404
$ 1,417 $ 122 $ 4,883 $ 714
Operating Income
Well Intervention $ 2,868
$ 602 $ 11,835
$ 2,538
Response 4,661
1,220 8,057
2,025
$ 7,529 $ 1,822 $ 19,892 $ 4,563

(a) EBITDA represents earnings before interest, taxes, depreciation and amortization. See the reconciliation and rationale for this non-GAAP financial measure below.


(b) Depreciation has been charged to each segment based upon specific identification of expenses and an allocation of remaining non-segment specific expenses pro rata between segments based upon relative revenues.

BOOTS & COOTS INTERNATIONAL WELL CONTROL, INC.
RECONCILIATION BETWEEN CONDENSED CONSOLIDATED STATEMENT OF
OPERATIONS AND EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION
(in thousands)

Three Months Ended
December 31,
Year Ended
December 31,

2006 2005 2006 2005
(unaudited) (unaudited)
Net Income $4,486
$1,438
$11,165
$2,779

Income Tax Expense $2,292
$252
$5,867
$1,129

Interest Expense and Other, net $751
$132
$2,860
$655

Depreciation and Amortization $1,417
$122
$4,883
$714

Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) (a) $8,946
$1,944
$24,775
$5,277



(a) Earnings before Interest, Income taxes, Depreciation, Depletion and Amortization (“EBITDA”) is a non-GAAP financial measure, as it excludes amounts or is subject to adjustments that effectively exclude amounts, included in the most directly comparable measure calculated and presented in accordance with GAAP in financial statements. “GAAP” refers to generally accepted accounting principles in the United States. Non-GAAP financial measures disclosed by management are provided as additional information to investors in order to provide them with an alternative method for assessing our financial condition and operating results. These measures are not in accordance with, or a substitute for, GAAP, and may be different from or inconsistent with non-GAAP financial measures used by other companies. Pursuant to the requirements of Regulation G, whenever we refer to a non-GAAP financial measure, we also present the most directly comparable financial measure and presented in accordance with GAAP, along with a reconciliation of the differences between the non-GAAP financial measure and such comparable GAAP financial measure. Management believes that EBITDA may provide additional information with respect to the Company’s performance or ability to meet its debt service and working capital requirements.

BOOTS & COOTS INTERNATIONAL WELL CONTROL, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)

December 31,

2006 2005
(unaudited)
Current Assets
$52,347
$10,598


Current Liabilities (a)
$26,835
$7,033


Total Working Capital (b)
$25,512
$3,565


Total Assets $101,017
$14,767


Long-Term Debt and Notes Payable (c)
$29,492
$3,939

[janolo]

Moin

sind ja gestern schon gut gestartet - könnte heute weiterlaufen.

Auf zu alten Höhen............



Der Aufwärtstrend ist ja intakt

[Kamala20]

Antwort auf Beitrag Nr.: 28.404.286 von janolo am 21.03.07 10:53:19

langfristig kann man bei diesen Aussichten nichts falsch machen....

wie der Markt heute auf die Zahlen reagiert werden wir in Kürze sehen....

im Vorfeld des CC(10.00 am ET) geht's sicher schon nach oben,,,

alles andere...Spekulation!

[Planetrader]

[Kamala20]

2,51$.....

[janolo]

hat sich ja wieder gut erholt.
auf zu neuen Höhen