This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Multiband Announces All-Time Record Quarterly Results

YTD 2011 Financial Results

Revenues for the nine-month period ended September 30, 2011 increased 14.2% to $222.6 million from $195.0 million for the nine months ended September 30, 2010. For the HSP segment, revenues for the nine months ended September 30, 2011 were $203.5 million as compared to $178.2 million for the same period in 2010, an increase of 14.2%. This increase was primarily due to an increase in work order volume of approximately 7%, an increase in earned incentive revenue of approximately $8.1 million and amounts received under a fuel subsidy program implemented in 2011 of $1.9 million. For the MDU segment, revenues for the nine month period ended September 30, 2011 increased 13.7% to $19.1 million from $16.8 million for the same period in 2010. The increase was primarily due to increased revenue from commercial and MDU construction and installation revenue of $2.3 million.

Gross margins for the nine month period were 28.0% compared to 29.6% for the year-ago period.

Selling, general and administrative expenses were $45.1 million in 2011 compared to $41.7 million for the comparable period in 2010, an increase of 8.2%. As a percentage of revenue, selling, general and administrative expenses were 20.3% for the nine months ended September 30, 2011, compared to 21.4% for the same period in 2010. The decrease in the percentage of these expenses to revenue proves that economies of scale are being realized as revenues increase without a corresponding increase in expenses.

Operating income was $12.3 million for the nine months ended September 30, 2010 compared to operating income of $9.5 million in the same period last year, an improvement of 29.5%.

The Company generated net income attributable to common stockholders of $4.9 million, or $0.32 earnings per basic and $0.26 per diluted share compared to net income attributable to common stockholders of $1.5 million or $0.15 per basic and $0.14 per diluted share in the same period of 2010.

3 of 8

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,909.58 -5.49 -0.03%
S&P 500 1,964.12 -0.56 -0.03%
NASDAQ 4,406.99 +10.7860 0.25%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs