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Topic: Business

Hanley Investment Group Negotiates Sale In National City, CA

7.30.08 | Irvine, CA | Hanley Investment Group represented the buyer and seller in the sale of a grocery/drug anchored shopping center in National City, CA. The shopping center includes Ralphs, Walgreens, Blockbuster Video and Firestone Tires. The center was 100% occupied at the time of the sale. 

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Interface Reports Record Second Quarter 2008 Results

7.24.08 | Atlanta, GA | Interface, Inc. announced results for the second quarter ended June 29, 2008. Sales for the second quarter of 2008 increased 11.3% to $295.0 million and gross profit margin for the 2008 second quarter grew 90 basis points to 35.7%. Operating income for the second quarter of 2008 increased 8.2% to $33.4 million. Net income for the 2008 second quarter was $15.9 million, or $0.26 per diluted share.
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Steelcase Inc. and Lab Crafters Inc. Announce Alliance

7.24.080 | Grand Rapids, MI |  Steelcase negotiated a  business alliance agreement with Lab Crafters Inc., a 30-year-old company in Ronkonkoma, NY, that designs and manufactures fume hoods, casegoods, and other integrated solutions for laboratory environments. The alliance will provide Steelcase new capabilities to meet customers' needs for product solutions in a wide range of laboratory settings. www.steelcase.com  www.lab-crafters.com


Knoll Reports Strong 2nd Quarter Results

7.18.08 | East Greenville, PA | Knoll, Inc. announced results for the second quarter ended June 30, 2008. Net sales were $292.5 million for the quarter, an increase of 7.5% from the second quarter 2007. Operating profit was $35.1 million, or 12.0% of net sales, a decrease of 6.6% from the second quarter 2007. Operating profit for the second quarter of 2008 includes a one-time restructuring charge of $3.4 million. Net income was $20.9 million, an increase of 19.4% over the second quarter 2007. Adjusted earnings per share was $0.49 compared to $0.37 adjusted earnings per share in the prior year, an increase of 32.4%.

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