Mario Gabelli increased his position in EMS Technologies Inc. by 7.06% (ELMG, Financial) at the average price of $32.95 on 07/18/2011, as reported in his latest 13D filings. He owns 1,337,000 shares of the company. EMS Technologies Inc. designs, manufactures and markets products that are important in many kinds of wireless communications. EMS Technologies Inc. has a market cap of $509.2 million; its shares were traded at around $32.96 with a P/E ratio of 29.7 and P/S ratio of 1.4.
Honeywell International announced a deal with EMS Technologies in June 2011, to purchase the company for $506 million cash. The company will be paying $33 per share for the acquisition, 33% above the company’s closing price at the time the deal was announced.
EMS Technologies recently reported its first quarter 2011 results. For the first quarter of 2011, consolidated revenues were $85.0 million, operating income was $3.6 million and net earnings totaled $2.4 million, or $0.16 per share, compared with consolidated revenues of $82.9 million, operating income of $1.9 million and net earnings totaling $0.6 million, or $.04 per share, in the year-ago period.
“The strategic plans and market focus put in place by the EMS board and management team over a year ago have enabled us to achieve record-setting first-quarter profits, following up on our strong results in 2010,” said President and CEO Neil Mackay. “It is a great credit to the employees of EMS that they have remained focused on strong execution, cost control; and taking advantage of the many business opportunities before us.”
EMS Technologies has a predictability rating of 1 star.
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Honeywell International announced a deal with EMS Technologies in June 2011, to purchase the company for $506 million cash. The company will be paying $33 per share for the acquisition, 33% above the company’s closing price at the time the deal was announced.
EMS Technologies recently reported its first quarter 2011 results. For the first quarter of 2011, consolidated revenues were $85.0 million, operating income was $3.6 million and net earnings totaled $2.4 million, or $0.16 per share, compared with consolidated revenues of $82.9 million, operating income of $1.9 million and net earnings totaling $0.6 million, or $.04 per share, in the year-ago period.
“The strategic plans and market focus put in place by the EMS board and management team over a year ago have enabled us to achieve record-setting first-quarter profits, following up on our strong results in 2010,” said President and CEO Neil Mackay. “It is a great credit to the employees of EMS that they have remained focused on strong execution, cost control; and taking advantage of the many business opportunities before us.”
EMS Technologies has a predictability rating of 1 star.
Also check out:
