Income from continuing operations rose 62 percent to $89.4 million, or $1.39 per diluted share, in the second quarter of 2012, compared with $55.3 million, or $0.87 per diluted share, in the second quarter of 2011. Company officials say income growth was primarily driven by increased selling price realization, particularly within Carlisle construction materials and transportation products, sales volume growth and savings from the Carlisle operating system.
For the six months ending June 30, net sales from continuing operations of $1.87 billion increased by 20 percent over the prior year period, reflecting organic growth of 14 percent and acquisition growth of 6.1 percent. Income from continuing operations for the six months ending June 30 rose 69 percent to $149.4 million, or $2.34 per diluted share, as compared to income of $88.6 million, or $1.40 per diluted share, for the same prior year period.
"Our strong earnings growth and focus on working capital has resulted in free cash flow (operating cash flow minus capital expenditures) of $67.4 million during the second quarter of 2012, an increase of $70.3 million over the prior year quarter and very high for a second quarter given the seasonality of our markets," says David Roberts, chairman, president and CEO of Carlisle. "We expect to achieve higher cash flow through the remainder of the year while still making significant investments in our businesses."
Carlisle Companies Inc. is a global diversified company that designs, manufactures and markets a wide range of products that serve a broad range of niche markets including commercial roofing, energy, agriculture, lawn and garden, mining and construction equipment, aerospace and electronics, dining and food delivery and healthcare.
Local builder celebrates year one
Princeton Builders LLC of Mooresville recently held a ribbon cutting at its offices at 132 Joe V. Knox Ave., Suite 105.
Partners Geoffrey Bowen and Jeffery Cernuto formed the company one year ago. Bowen, an accredited master builder, oversees Princeton's residential and commercial construction projects. Among the company's projects this year was the studio for Crider's Fine Art Portraiture, which is Princeton's neighbor in the same office building.
Last month, Princeton Builders completed and introduced its new home located at 712 Kenway Loop in the Fern Leaf community, developed by Cernuto. Its Halsey plan design features more than 3,300 square feet with four bedrooms and four-and-one-half baths. This home has achieved EcoHome designation, having passed independent auditing for home performance. It also was built using the new (March 2012) North Carolina residential building code, designed to incorporate incremental home efficiency. In addition to new home construction, Princeton Builders provides home renovation construction services.
Bowen has won numerous awards for his new homes and renovation projects from the Lake Norman Home Builders Association (LNHBA) via its annual Best of the Lake Design Competition and Parade of Homes. Bowen currently serves on the LNHBA board of directors as its 2012 vice president.
Learn more at www.princetonbuildersllc.com.
She's 1 in a million ... or maybe a hundred
Tracie Snuffer, RN, a pre-admit nurse at Presbyterian Hospital Huntersville is one of only 100 nurses throughout North Carolina to make the "2012 Great 100" list. Nurses on the list were selected for their continued excellence in patient care and commitment to the nursing profession.
Officials with Presbyterian say for the past 17 years, Snuffer has dedicated her time, energy and compassion to patients every day. She is known for her inspiring, confident and cheerful personality as well as her dedication, skills and remarkable service.
In addition to her character, Snuffer is known for her knowledge and leadership throughout the community. She is an active member of Habitat for Humanity and Relay for Life, and serves as treasurer of the North Belmont PTA. She also finds the time to coach with Girls on the Run, a program that educates young girls about nutrition, health and physical exercise.
"For years, The Great 100 has been known for being the most prominent nursing award in North Carolina. I congratulate Tracie for being included in such a notable group," said Tanya Blackmon, president of Presbyterian Hospital Huntersville. "I am extremely proud of her accomplishment and for the remarkable care she delivers day in and day out."
Sometimes humans need rescuing, too
Carolinas Medical Center-University has partnered with the Carolina Raptor Center in Huntersville to provide medical supplies and training for staff members in the use of an automated external defibrillator (AED) device.
The device was presented to the center last week, and will be used in case of emergency involving staff or visitors. Carolina Raptor Center has more than 35,000 visitors each year, as well as ongoing summer camps that host about 150 children each month.
In addition to training staff members in the use of the AED, CMC-University will provide all healthcare supplies, including sutures, gloves, bandages, gauze and other materials. Officials with the hospital say it will also provide health screenings and other community outreach events at the raptor center for its staff, volunteers and visitors.
Medspa customers stuck with Groupon?
A Cornelius-based salon has unceremoniously closed up shop.
"With heavy hearts and much regret, Yuvan Medspa is closing effective immediately," the owners of the salon wrote in an e-mail late last week.
The e-mail directs customers who may have purchased a Groupon laser hair package to contact Groupon customer service at 888-375-5777. Yuvan Medspa & Wellness Center was in the Kenton Place shopping area.
• Lake Norman Regional Medical Center's Wendi Garlow, RN (Telemetry/ Oncology/ Medical Unit); Janet Hughes, RN (Telemetry/ Oncology/ Medical Unit); and Andrea Houston, RN, CEN (Cancer Program Coordinator, Nursing Education) have completed the Oncology Nursing Society (ONS) chemotherapy and biotherapy course.
The course provides a comprehensive review of the knowledge needed to administer cytotoxic and biotherapeutic agents. Provider status is awarded to participants for attending the course in its entirety and for scoring a minimum of 80 percent on the post-test. The certification allows these nurses to administer cytotoxic and biotherapeutic agents and is valid for two years.
• Mooresville Realty recently celebrated its 10th year in business. Formed in 2002, the firm initially focused on real estate land sales in the Lake Norman area, but has since expanded to a full-service real estate company working with buyers and sellers of new and existing residential properties. Learn more at www.MooresvilleRealty.com.
• Dr. Lonnie Bagwell of Life Spring Chiropractic in Huntersville is in London to care for American athletes as they compete for Olympic gold. Bagwell is co-chairman of the Maximized Living Sports Wellness Advisory Council and is one of 20 chiropractors hand-picked to treat athletes competing on the USA weightlifting, wrestling, judo and Paralympics sitting volleyball teams.
"It's an honor to support our athletes who devote their lives to their sport and represent our country," says Bagwell. "I am honored to be sought out to serve these athletes and to be a part of the 2012 Olympics."
Bagwell also serves as director of wellness for the USA weightlifting team, where he is treating two to three athletes in London. These athletes have previously trained with Bagwell when he was a USA Weightlifting Sport Performance coach and trainer.
Bagwell is a 2006 magna cum laude doctor of chiropractic graduate from Palmer College in Davenport, Ind. He studied biology and chemistry (pre-med) and has worked at some of the world's top genetics, immunology, obesity and diabetes research centers. He is also a certified personal trainer and Cross Fit instructor.
Life Spring Chiropractic is at 10215 Hickorywood Hill Ave., Suite A in Huntersville. Learn more at www.truehealthcharlotte.com.
• North Mecklenburg Plumbing has expanded its services to include drain cleaning, utilizing new equipment to handle clogged sewer and water lines up to 150 feet from the main line hook-up.
The company has also added master plumber Mike McGee to its staff. McGee, with more than 20 years experience in the area, will handle basic to complex plumbing and sewer needs for homeowners or builders. McGee returns to the North Mecklenburg Plumbing staff after brief employment elsewhere.
Along with its new drain cleaning services, the business can handle drain and water line repair and replacements, water heater sales and service as well as remodeling and new construction work.
North Mecklenburg Plumbing is a family owned and operated business located in Huntersville for more than 35 years. Learn more at www.northmeckplumbing.com.
• Lake Norman Realty announced recently it has hired Chris Durant as a new associate in its Cornelius office. Durant joins the Shannon Edwards Team as a buyer agent.
• Lake Norman Regional Medical Center has named Glenn Dotson to its staff as the hospital's new director of environmental services. Dotson began his new duties at the hospital in May.
Dotson attended UNC Charlotte, where he received his bachelor's degree in theater education. He has more than 10 years managerial experience including personnel and training. Dotson most recently held the position of assistant director of environmental services for Hospital Housekeeping Systems and has been in EVS management since 2009.
LNRMC has also hired a new physician member to its medical staff and Lake Norman community. Roy Lewis, MD, otolaryngologist, was appointed to the medical staff in July.
Lewis is with Lake Breeze ENT and Allergy at 149 Plantation Ridge Drive, Suite 190, in Mooresville. Lewis is a board-certified otolaryngologist who received his medical degree from the School of Medicine at UNC-Chapel Hill, and he completed his post-graduate training in otolaryngology at The University of Texas-Houston School of Medicine.
For more information or to schedule an appointment, call his office at 704-658-0595 or visit www.lakebreezeENT.com.