TESO Tesco Corporation featured news, full reports, and detailed charts
Tesco Corporation (TESO) Wrap Up:
Tesco Corporation (“TESCO” or the “Company”) is a global leader in the design, manufacture and service delivery of technology based solutions for the upstream energy industry. We seek to change the way people drill wells by delivering safer and more efficient solutions that add real value by reducing the costs of drilling for, and producing, oil and gas. TESCO was created on December 1, 1993 through the amalgamation of Shelter Oil and Gas Ltd., Coexco Petroleum Inc., Forewest Industries Ltd. and Tesco Corporation. The amalgamated corporation continued under the name Tesco Corporation, which is organized under the laws of Alberta Canada. Unless the context indicates otherwise, a reference in this Form 10-K to “TESCO”, “the Company”, “we” or “us” includes Tesco Corporation and its subsidiaries. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f02%2f27%2f0001193125-08-038897.html#FIS_BUSINESS"www.tescocorp.com
1,834 Employees
Founded in 1986
Tesco Corporation (TESO:NASDAQ)
LAST $10.02 USD
CHANGE TODAY -0.37 -3.56%
VOLUME 82.0K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Tesco Corporation (TESO)
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OPEN
$10.30
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PREVIOUS CLOSE
$10.39
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DAY HIGH
$10.32
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DAY LOW
$9.90
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52 WEEK HIGH
05/12/09 - $11.41
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52 WEEK LOW
11/20/08 - $4.75
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MARKET CAP
377.4M
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AVERAGE VOLUME 3 mo
221.5K
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
37.7M
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TESO Does Not Pay Dividends
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P/E TTM
NM
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related news
Marketing in the Age of Turbulence
06/05/2009 11:05 AM ET
The Greening of the Corporation
12/11/2008 11:01 AM ET
TESO Top Compensated Officers
Mr. Julio M. Quintana
Chief Executive Officer, President and Execut...
Age: 49
Total Annual Compensation: $449.4K
Mr. Robert L. Kayl
Chief Financial Officer, Principal Accounting...
Age: 38
Total Annual Compensation: $223.4K
Mr. Jeffrey L. Foster
Senior Vice President of Operations
Age: 41
Total Annual Compensation: $292.7K
Mr. James A. Lank
General Counsel and Corporate Secretary
Age: 43
Total Annual Compensation: $238.7K
Mr. Keith M. Lowley
Vice President of Global After Market Service...
Age: 49
Total Annual Compensation: $291.6K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Tesco Corporation (TESO)
Tesco Corporation Reports Unaudited Condensed Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009; Provides Capital Expenditure Outlook for the Year 2009
11/3/2009
Tesco Corporation reported unaudited condensed consolidated earnings results for the third quarter and nine months ended September 30, 2009. The company reported a net loss for the quarter ended September 30, 2009 of $0.3 million, or $0.01 per diluted share. This compares to a net loss of $3.6 million, or $0.10 per diluted share, for the second quarter of 2009, and net income of $17.6 million, or $0.46 per diluted share, for the third quarter of 2008. Revenue was $72.6 million for the quarter ended September 30, 2009, compared to revenue of $88.4 million for the second quarter of 2009 and $140.0 million for the third quarter of 2008. Operating income was $1.7 million against operating loss of $7.2 million for the same period a year ago. Adjusted EBITDA was $10.3 million against $4.2 million for the same period a year ago. Total capital expenditures were $0.9 million in the third quarter of 2009, compared to $7.9 million in the second quarter 2009 and $14.6 million in third quarter of 2008. Net debt was $29.0 million at December 31, 2008 and $24.0 million at June 30, 2009. At September 30, 2009, the company's cash exceeded outstanding debt by $11.9 million. Income before income taxes was $1.2 million against $24.0 million for the same period a year ago. For the nine months, the company reported a net income of $0.6 million, or $0.01 per diluted share on revenue of $271.2 million compared to $40.9 million or $1.08 per diluted share on revenue of $395.5 million for the same period a year ago. Operating loss was $1.5 million against operating income of $58.8 million for the same period a year ago. Adjusted EBITDA was $29.5 million against $87.2 million for the same period a year ago. Loss before income taxes was $3.3 million against income before taxes of $54.8 million for the same period a year ago. The company projects its total capital expenditures for 2009 to be approximately $15 million to $20 million.
Tesco Corporation expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on October 30, 2009).
10/30/2009
Tesco Corporation expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on October 30, 2009).
Tesco Corporation, Q3 2009 Earnings Call, Nov-04-2009
10/21/2009
Tesco Corporation, Q3 2009 Earnings Call, Nov-04 2009
TESO Competitors
| Company | Last | Change |
| Allis-Chalmers Energy Inc | $3.46 USD | -0.05 |
| BJ Services Co | $18.70 USD | -0.24 |
| Northumbrian Water Group | 244.00 GBX | -1.90 |
| Pennon Group | 487.80 GBX | +2.00 |
| Severn Trent | 996.50 GBX | +1.50 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | TESO | Industry Range |
| Price/Earnings | -- | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | -- | Not Meaningful |
| Price/Cash Flow | -- | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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TESO |
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TESO transactions
| Type Date |
Target |
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Merger/Acquisition
July 13, 2009 |
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More Recent News About Tesco Corporation
More news for TESO
TESCO CORP Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. The following discussion and analysis of financial condition and results of operations should be read in conjunction with the condensed consolidated financial statements and related notes thereto included elsewhere in this report. This discussion contains forward-looking statements. Please see "Caution Regarding Forward-Looking Information; Risk Factors" above and "Risk Factors" below and in our Annual Report on Form 10-K for the year ended December 31, 2008, for a discussion of the uncertainties, risks and assumptions associated with these statements. OVERVIEW Business TESCO is a global leader in the design, manufacture and service delivery of technology based solutions for the upstream energy industry. We seek to change the way people drill wells by delivering safer and more efficient solutions that add real value by reducing the costs of drilling for and producing oil and gas. Our product and service offerings include proprietary technology, including TESCO CASING DRILLING® ("CASING DRILLING"), TESCO's Casing Drive System™ ("CDS") and TESCO's Multiple Control Line Running System™ ("MCLRS"). TESCO® is a registered trademark in Canada and the United States. TESCO CASING DRILLING® is a registered trademark in the United States. CASING DRILLING® is a registered trademark in Canada and CASING DRILLING™ is a trademark in the United States. Casing Drive System™, CDS™, Multiple Control Line Running System™ and MCLRS™ are trademarks in Canada and the United States. Our four business segments are: Top Drives, Tubular Services, CASING DRILLING and Research and Engineering. Prior to December 31, 2008, we organized our activities into three business segments: Top Drives, Casing Services and Research and Engineering. Effective December 31, 2008, we determined that CASING DRILLING no longer met the ...Click here to read the whole Article (external link)
Tesco Earnings Call scheduled for 11:00 am ET today
Call DetailsTesco Earnings Conference Call (Q3 2009)Wed, Nov 4, 2009, 11:00 am EasternAbout Tesco (NasdaqGS:TESO)Tesco Corporation engages in the design, manufacture, and service delivery of technology based solutions for the upstream energy industry worldwide. It operates in three segments: Top Drive Drilling Systems, Tubular Services, and CASING DRILLING. The Top Drive Drilling Systems segment manufactures, sells, and supports top drives that are used in drilling operations to rotate the drill string. Its product line includes a range of portable and permanently installed top drive products with lifting capacities of 150 through 750 tons, both hydraulically and electrically powered. This segment also provides hydraulically powered top drive systems for rent. The Tubular Services segment offers a range of tubular handling and installation services, including the TESCO Casing Drive System plus a range of downhole tool rentals and accessories. The CASING DRILLING segment provides downhole and surface equipment on a rental basis to allow a well to be drilled with conventional oilwell casing, eliminating the use of drill pipe. The company was founded in 1986 and is headquartered in Houston, Texas.More Info:Quote |Profile |Reports |Research |Insider |Financials | Analyst Ratings...Click here to read the whole Article (external link)
TESCO CORP Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue72,609 88,427 110,184 139,396 Cost of Revenue62,014 80,586 89,998 107,484 Gross Profit10,595 7,841 20,186 31,912 Operating ExpensesResearch Development2,092 1,845 2,588 2,909 Selling General and Administrative6,811 13,214 13,608 12,130 Non Recurring - - - - Others - - - - Total Operating Expenses - - - - Operating Income or Loss1,692 (7,218)3,990 16,873 Income from Continuing OperationsTotal Other Income/Expenses Net40 (556)163 1,377 Earnings Before Interest And Taxes1,732 (7,774)4,153 18,250 Interest Expense497 457 497 951 Income Before Tax1,235 (8,231)3,656 17,299 Income Tax Expense1,503 (4,630)(765)5,331 Minority Interest - - - - Net Income From Continuing Ops(268)(3,601)4,421 11,968 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - &nbs...Click here to read the whole Article (external link)
A New Era of U.K.-Bank Competition?
By SARA SCHAEFER MUñOZ LONDON -- Generating more retail-banking competition in the U.K. may be more difficult than expected, despite moves this week intended to lure new competitors to the market, analysts and bankers say. Lloyds Banking Group PLC and Royal Bank of Scotland Group PLC both will be forced to divest various retail bank branches in coming years as a condition of receiving state aid. Lloyds will sell about 600 retail branches, and RBS will shed about 300 as well as other assets. The sales will trim Lloyds' checking-account market share by 5 percentage points, its mortgage-market share by 5 percentage points, and RBS' retail-market share by 2 percentage points. The rare opportunity to acquire retail-bank assets in the U.K. is intended to bring new competitors to the market, which has been dominated by a handful of big players. The U.K. government says that retail U.K. banks such as Barclays PLC and HSBC Holdings PLC, which already have a significant presence in the U.K. market, would be blocked from the purchases, though buyers could include large foreign banks. Other possible buyers include Tesco PLC's Tesco Personal Finance, a division of the U.K. supermarket chain that has been looking to increase its market share of loans, credit cards and savings accounts; and Virgin Money, part of Virgin Group Ltd., which w...Click here to read the whole Article (external link)
Tesco downgraded by Wunderlich
Quotes for TESO - Yahoo! Finance #screen,#masthead{text-align:center;margin:0;width:752px;} #screen.xpand,#masthead.xpand{width:100%;} #screen.xpand #yfncsubtit{width:100%;} #masthead{padding-bottom:12px;} #leftcol,#rightcol{margin:0;} #leftcol{width:155px;float:left;} #rightcol{width:585px;} #content{width:752px;} #footer {clear:both;} /*/*/ body{text-align:center;} #screen{text-align:left;min-width:700px;width:62.5em;width:expression( document.all.footer ? (document.all.footer.offsetWidth>1000) ? '980'+'px' : document.all.footer.offsetWidth :'62.5'+'em') ;margin:auto;border:1px solid #FFF;} #screen.xpand{width:100%; text-align:center} #portfolio{margin:10px auto;} #hdrads{margin:10px auto 0 auto;} #masthead,#leftcol,#rightcol{margin:0;} #masthead{width:100%;} #leftcol{float:left;width:18%;} #rightcol{float:right;width:80%;} #content{width:100%;} #footer{clear:both;text-align:center;padding:10px 0;width:60em;margin:auto;border:0px solid #FFF;} #leftNavTable,#yfncmh,#yfncmkttme,#yfncduplgnwrn,#yfncpsnlbar,#yfnctitbar,#y fncsubtit,#yfncbrobtn,#yfncsumtab, .yfnc_systitlelinea1,.yfnc_systitlelineb1,.yfnc_modtitlew1{ width:100%;} #yfncmh{width:100%;} .yfncsumdatagrid{background:#DCDCDC;width:100%;} .yfnc_modtitlew2{width:49%;} /**/ .yfncnhl{color:#666;margin-bottom:10px;} .yfncnhl .yfncnhlbl{color:#000;width:1.6em;text-align:center;} .yfncnhl .yfncnhltt{color:#000;width:50px;padding-top:2px;} .yfncnhltt { position: relative; } .yfncnhltt a { position: relative; display: block; /* opera */ width: 42px; height: 31px; } .yfncnhltt img { border: 0; } .yfncnhltt img.video_play { position: absolute; bottom: 2px; left: 2px; width: 13px; height: 14px; } #yfiunv table td, #yfiadvdec table td { width: 1%; } #yfiunv table td.name, #yfiadvdec table th.first, #yfiadvdec table td.first { width: 10%; white-space: normal; } #leftcol{display:none;} #rightcol{display:block;} ...Click here to read the whole Article (external link)
U.K. Supermarkets Plan Rock-Bottom Holiday Prices
By KATHY SANDLER LONDON -- The U.K.'s two largest supermarket chains Thursday sparked a price war that is set to escalate in the lead up to Christmas, with Asda Group Ltd. warning that it could be the most aggressive discounting during the key holiday period for a decade. Wal-Mart Stores Inc.-owned Asda, the U.K.'s second-largest supermarket chain, and larger rival Tesco PLC both pledged to save customers millions of pounds on food and gifts over the festive season. Reporting a 5.6% rise in third quarter same store sales, excluding fuel and VAT, Asda said it will save shoppers £150 million through lower prices and special discount offers. Shortly afterwards Tesco said it has cut prices across its stores to save customers £250 million over the next six weeks. Rivals like Sainsbury PLC and William Morrison Supermarkets PLC are likely to follow suit. With the U.K. economy still in recession and consumers worrying about higher taxes and more job losses next year, retailers are having to fight for sales. Earlier this week, Sainsbury Chief Executive Justin King said that Christmas is shaping up to be 'feisty', but he downplayed the threat of a price war, noting that supermarkets used discounts and promotions every Christmas. Throughout the downturn, supermarkets have managed to offer discounts on branded products, which are instigated, and the cost largely borne, by the supplier rather than the grocer itself, King said. Christmas-specific promotions are already evident. Sainsbury, Asda and Tesco have already run half-price toy promotions. Still, not everyone is convinced that the massive p...Click here to read the whole Article (external link)
[$$] Sainsbury to Push Into Nonfood Products
Answers allows you to tap the knowledge of Community members. Answer a question below or ask a question. Q: Does it make sense to buy an income annuity within an IRA? We are both retired.Thanks,shubrapaul@gmail.com Please fill out the answer field. The language you used does not comply with community standards. Please re-enter. ...Click here to read the whole Article (external link)
Ahold Ready to Dig Into Cash Pile
By ANNA MARIJ VAN DER MEULEN AMSTERDAM—Dutch-based international supermarket chain operator Ahold NV says it's finally ready to use its €2.6 billion ($3.7 billion) cash pile to make targeted acquisitions, a move analysts say is meant to boost a lagging share price and ward off would-be buyers. Ahold said Nov. 5 it was appointing operational managers for the Europe and U.S., where it runs Stop & Shop and Giant Landover freeing up the board members responsible for those areas to spend more time on expansion projects. An Ahold spokesperson said that the company will look at growing in its existing continents, and that a combination of acquisitions and organic growth is possible in markets where it is already active, or adjacent new markets. He declined to comment on whether the company is currently in takeover talks. The move was seen by analysts as a first step to end several years in which Ahold has underperformed the market and its European and U.S. peers, such as Carrefour SA, J. Sainsbury PLC, Supervalu Inc. or Safeway Inc., following an accounting scandal in 2003 that brought the company close to bankruptcy. While Ahold has been battling to regain investor confidence since the accounting scandal six years ago, it has built up a cash pile of over €2.5 billion and hardly any debt. Its net debt stood at €1.16 billion at the end of July this year from €1.37 billion in April and is expected to go down further. While some investment bankers say the 2003 events still make international investors reluctant to buy the stock, analysts have been eager for Ahold to make use of its excess cash position. ING Wholesale Banking analyst John David Roeg says Ahold is undervalued on all metrics, in spite of being highly cash-generative. Its price-to-earnings ratio, a measure commonly used by analysts, ...Click here to read the whole Article (external link)
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