$TAP's total debt at the end of 2Q16 was $3.03Bil, and cash and cash equivalents totaled $2.99Bil, resulting in net debt of $37MM. The net debt is significantly lower than the prior year mainly due to the proceeds received from the company's Feb. 2016 equity offering.
Healthcare and security technology company $ALOG posted
higher 1Q17 results, helped by higher revenue and lower cost of sales in
Engineering segment. For the quarter, net income rose 83.33% to $2.53MM or
$0.20 per share from $1.38MM or $0.11 per share a year ago. Revenue rose 5.36%
$121.12MM. Excluding items, $ALOG earned $0.43 per share.
$TSN said Jeffrey Schomburger, Global Sales Officer for $PG, has been selected as a new independent director on the $TSN board, effective Dec. 5, 2016. The board is expanding from 10 to 11 members, and Schomburger will be one of 8 independent directors.