[R]2:45PM New York – Shaw Group surges after earnings and Mohawk Industries declines for the second day after earnings warning.[/R]

AAR CORP, a provider of parts and maintenance services to the aviation industry said fourth quarter revenues rose 28% to $391.7 million from $305.7 million a year ago. Net income in the quarter increased 28% to $22.0 million or 52 cents per share compared to net income of $17.8 million or 42 cents per share a year ago.

For the fiscal 2008 sales increased 31% from a year ago to $1,384.9 million and net income increased 28% to $75.1 million, or $1.76 per diluted share. Organic sales growth was 20% for fiscal 2008. At May 31, 2008, total backlog increased to $465 million from $315 million at May 31, 2007.

Consolidated gross profit margin was 19.6% for the fourth quarter compared to 18.2% last year. For fiscal 2008, the consolidated gross profit margin was 19.1% compared to 17.4% last year.

During fiscal 2008, the Company strengthened its liquidity position with the issuance of $250 million of convertible notes consisting of $137.5 million of 1.625% convertible senior notes due 2014 and $112.5 million of 2.25% convertible senior notes due 2016.

AAR Corp stock (AIR: chart) in the last one year traded as high as $39.42 in December 2007 and as low as $12.62 in July 2008. Based on the yesterday’s closing price the company has a market cap of $558.99 million. AAR stock in today’s trading rose 30 cents to $14.74.

Mohawk Industries, Inc, a supplier of flooring for both residential and commercial applications fell $1.40 to $61.55 a day after it lowered its earnings estimate for the quarter. The stock has fallen from the peak of $108 in the fourth quarter of 2006.

The second quarter earnings per share are now estimated between $1.23 and $1.26 from its previous guidance of $1.36 to $1.45.

The lower earnings expectation for the quarter is primarily due to the continuing decline in the U.S. residential market, slowing European demand and rapidly increasing raw material and energy costs. During the quarter the company paid down approximately $180 million of debt.

Mohawk Industries, Inc (MHK: chart) in the last one year traded as high as $103.73 in July 2007 and as low as $60.57 in July 2008. Based on the yesterday’s closing price the company has a market cap of $4.31 billion.

Intervoice, Inc, telecommunications products and services provider said first quarter revenues rose 8% to $51.5 million from $47.7 million a year ago. Net income in the quarter was $3 million or 8 cents per diluted share compared to net loss of $873,000 or 2 cents per share, a year ago.

Intervoice, Inc (INTV: chart) in the last one year traded as high as $11.03 in November 2007 and as low as $5.10 in July 2008. Based on the yesterday’s closing price the company has a market cap of $208.85 million. Intervoice rose 78 cents to $6.13 in today’s trading.

Ruby Tuesday, Inc, casual-dining restaurant chain said fourth quarter revenues fell 4% to $341.4 million from $356.8 million a year ago. Net income in the quarter declined 47% to $13.9 million or 27 cents per diluted share compared to net income of $24.7 million or 46 cents per share, a year ago.

Same-stores sales at restaurants open at least one year, fell 10.3% at company-owned restaurants and 7.2% at domestic franchises. For the fiscal year, net income fell 71% to $26.4 million, or 51 cents per share, from $91.7 million, or $1.59 per share last year. Annual revenue fell 4% to $1.36 billion from $1.41 billion last year. The company estimated earnings for the current year between 5 cents and 7 cents per share.

Ruby Tuesday, Inc (RT: chart) in the last one year traded as high as $26.88 in July 2007 and as low as $5.07 in July 2008. Based on the yesterday’s closing price the company has a market cap of $273.56 million.

The Shaw Group Inc, engineering and construction contractor said third quarter revenues rose 14% to $1.82 billion from $1.6 billion a year ago. Net income in the quarter declined 0.37% to $53.9 million or 64 cents per diluted share compared to net income of $54.1 million or 66 cents per share, a year ago.

The Shaw Group Inc (SGR: chart) in the last one year traded as high as $77.30 in October 2007 and as low as $40.12 in August 2008. Based on the yesterday’s closing price the company has a market cap of $4.59 billion. In today’s trading the stock surged $5.14 to $60.45.


Chattem, Inc, consumer products company reported second quarter revenues increased 3% to $116.7 million from $113.0 million a year ago. Net income in the quarter rose 39% to $20.7 million or $1.06 per diluted share compared to net income of $14.9 million or 77 cents per share, a year ago.

Chattem, Inc (CHTT: chart) in the last one year traded as high as $82.17 in February 2008 and as low as $55.68 in July 2007. Based on the yesterday’s closing price the company has a market cap of $1.26 billion. In today’s trading stock fell $3.87 to $61.85.