Key Developments: Heska Corp (HSKA.PH)
8.05USD
18 Dec 2012
$-3.81 (-32.12%)
$11.86
$8.05
$8.05
$8.05
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Latest Key Developments (Source: Significant Developments)
Heska Corp Announces Appointment Of President-Form 8-K
Heska Corp reported in its Form 8-K that on February 24, 2013, the Board of Directors of the Company appointed Kevin S. Wilson, as the Company’s President and Chief Operating Officer. Full Article
Heska Corp suspends Quarterly Dividend
Heska Corp announced that Following the acquisition of a majority interest in Cuattro Vet, the Company also formally announced that its Board of Directors has decided to suspend the Company's quarterly dividend for the foreseeable future. When making this decision, the Board considered the cash likely to be required to purchase the remaining 45.4% of Cuattro Vet, the cash required to complete the purchase of 54.6% of Cuattro Vet and other acquisitions the Company is considering. The Company expects it will be able to generate enhanced shareholder value by investing in the growth of its business, including through attractive acquisitions, rather than distributing cash dividends. Full Article
Heska Corp Acquires Majority Interest In Cuattro Veterinary USA
Heska Corp announced the acquisition of 54.6% of Cuattro Veterinary USA, LLC. The Company will continue to use the Cuattro name, brands, R&D, sales, service and production resources that have made Cuattro Vet, digital radiography, cloud-based PACS, ultrasound and imaging services suite in veterinary medicine. Terms of the transaction were not disclosed. Full Article
Heska Corp Announces Quarterly Dividend
Heska Corp announced that its board of directors has declared a cash dividend of $0.10 per share to its stockholders. The dividend payment will be distributed on October 10, 2012 to stockholders of record as of September 28, 2012. Full Article
Heska Corp Issues Q3 2012 Guidance In Line With Analysts' Estimates; Lowers FY 2012 Guidance-Conference Call
Heska Corp announced that for the third quarter of 2012, it expects revenues of little over $20 million in revenue, including about $3.7 million in OVP revenue, operating income of approximately $900,000, and net income of more a little more than $500,000. Based on currently outstanding shares and stock options, as current diluted shares, this guidance translates into approximately $0.09 in earnings per diluted share (EPS). Guidance for fiscal 2012 is a little over $77 million in revenue, including approximately $11.5 million in OVP revenue, operating income of approximately $4 million, and net income of approximately $2.4 million. Based on current diluted shares, this guidance translates into approximately $0.43 in diluted earnings per share. This figure is inclusive of approximately $1.25 million in deferred income tax expense, which again is a noncash accounting charge primarily related to domestic deferred tax asset. Based on current diluted shares, this translates to approximately $0.22 per diluted share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $21.7 million, EBIT of $1.71 million, net income of $1.06 million and EPS of $0.19, for the third quarter of 2012; revenues of $84.3 million, EBIT of $6.12 million, net income of $3.69 million and EPS of $0.67 for fiscal 2012. Full Article
Heska Corporation Issues Q2 2012 Guidance; Reaffirms FY 2012 Guidance-Conference Call
Heska Corporation announced that for the second quarter of 2012. it expects approximately $19.8 million in revenue, including about $2.6 million in OVP revenue, operating income of approximately $1 million, net income of approximately $620,000 and approximately $0.11 in earnings per diluted share. For fiscal 2012, it expects about $85 million in revenue, including approximately $11.5 million in OVP revenue, operating income of approximately $6 million, net income of approximately $3.6 million. Based on current diluted shares, this guidance translates into approximately $0.64 in diluted earnings per share. Full Article
Heska Corporation Announces Quarterly Dividend
Heska Corporation announced that its Board of Directors has declared a cash dividend of $0.10 per share to its stockholders. The dividend payment will be distributed on July 10, 2012 to stockholders of record as of June 29, 2012. Full Article
Heska Corporation Announces Quarterly Dividend of USD0.10 per Share
Heska Corporation announced that its board of directors has declared a cash dividend of $0.10 per share to its stockholders. The dividend payment will be distributed on April 10, 2012 to stockholders of record as of March 30, 2012. The Company intends to pay a regular quarterly dividend of $0.10 per share to its stockholders for the foreseeable future at the discretion of the board of directors considering available cash, anticipated cash needs, overall financial condition, loan agreement restrictions, future prospects for earnings and cash flows, anticipated tax treatment as well as other relevant factors. Full Article
Heska Corporation Announces Quarterly Dividend of USD0.10 per Share
Heska Corporation announced that its board of directors has declared a cash dividend of $0.10 per share to its stockholders. The dividend payment will be distributed on April 10, 2012 to stockholders of record as of March 30, 2012. The Company intends to pay a regular quarterly dividend of $0.10 per share to its stockholders for the foreseeable future at the discretion of the board of directors considering available cash, anticipated cash needs, overall financial condition, loan agreement restrictions, future prospects for earnings and cash flows, anticipated tax treatment as well as other relevant factors. Full Article
Heska Corporation Issues Q1, FY 2012 Guidance-Conference Call
Heska Corporation announced that for the first quarter of 2012, it expects revenue of approximately $18.9 million, including approximately $2.4 million in OVP revenue; operating income of around $150,000; and net income of approximately $75,000 and approximately $0.01 in earnings per diluted share. For fiscal 2012, the Company expects revenue of approximately $85 million, including approximately $11.5 million in OVP revenue; operating income of approximately $6 million; net income of approximately $3.65 million; and approximately $0.67 in diluted earnings per-share (EPS). Full Article
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