Cummins lowers previously reported earnings
Columbus-based diesel engine manufacturer Cummins Inc. lowered its previously reported quarterly profit by $12 million, or 3.1 percent, after discovering legal fees that the company initially missed.
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Allison Transmission cuts 2013 sales outlook
Allison Transmission Inc. predicted 2013 sales declines after it closed 2012 with an inflated $514.2 million annual profit and a massive slide in sales for a key market during the fourth quarter.
Remy International reports $138M annual profit
A one-time tax benefit more than doubled Remy International Inc.’s annual profit to $138.6 million, the Pendleton-based manufacturer reported late Monday.
Angie’s List shares soar on first-ever quarterly profit
Shares of Angie's List shot up 26 percent, or $3.65 a share, in trading late Thursday morning as its latest quarterly report showed vastly improved results and indicated the firm might have turned the corner.
Angie’s List turns corner on profitability
Indianapolis-based Angie's List on Wednesday reported fourth-quarter profit of $2.4 million—the consumer-ratings service's first profitable period since its 1995 founding.
Calumet’s 2012 profit rockets to $205.7 million
An acquisition spree helped oil refiner Calumet Specialty Products increase profit almost five-fold in 2012, the Indianapolis-based company reported Wednesday morning.
CNO Financial boosts fourth-quarter profit
The Carmel-based holding company for insurance firms reported fourth-quarter 2012 net income of $101.2 million, or 41 cents a share. That was a 57 percent jump over the same quarter in 2011.
Emmis posts quarterly profit on higher radio revenue
The Indianapolis-based media company said Thursday morning that it earned $4.6 million on $53.4 million in revenue. While total revenue was flat, income from Emmis’ radio stations increased slightly.
Fortune profit ticks up despite lower revenue
Indianapolis-based Fortune Industries Inc.’s profit ticked up slightly in its fiscal first quarter but revenue fell due to the loss of two large clients, the company announced Wednesday.
Duke loss narrows, quarter meets expectations
Indianapolis-based Duke Realty Corp. on Wednesday reported a third-quarter loss of $28.2 million, smaller than a loss of $32 million in the same quarter of 2011.
Baldwin & Lyons profits rise on fewer storm losses
Indianapolis-based Baldwin & Lyons Inc. continues to improve on its 2011 results, recording after-tax profit of $11.7 million, or 78 cents a share, for the third quarter.
Calumet’s sales, profit boom after acquisitions
Calumet Specialty Products Partners LP’s profit more than doubled in the third quarter, helped by huge gains in the fuel-products side of its business following several acquisitions.
Angie’s List shares soar as revenue, customers climb
Stock in Angie’s List Inc. on Thursday morning rose 30 percent—the biggest intraday rise since the Indianapolis-based company's shares began trading almost a year ago.
Celadon Group’s quarterly profit jumps 50 percent
Indianapolis-based trucking company Celadon Group said fiscal first-quarter profit rose to $8.3 million due to higher freight revenue and lower operating expenses.
Lilly misses analyst estimates, lowers profit forecast
Third-quarter earnings at Eli Lilly and Co. fell short of analysts’ expectations, and the Indianapolis-based drugmaker reduced its profit forecast by 4 cents per share for the remainder of the year.
Emmis’ quarterly profit rises on sale of station
Much of Emmis’ profit stemmed from the Aug. 23 sale of KXOS-FM in Los Angeles for $85.5 million, from which the company reported a gain from discontinued operations of $32.8 million.
Celadon shares jump along with earnings expectations
The Indianapolis trucking company expects its quarterly earnings to beat analysts’ consensus forecast and last year's results, thanks to acquisitions and cost controls. Shares were up 9 percent at 1 p.m.
Finish Line boosts earnings outlook on Macy’s deal
The Indianapolis-based athletic apparel retailer expects its sales to grow by $250 million to $350 million a year as a result of a deal with Macy’s Inc. to become the department store chain’s exclusive athletic footwear partner.
Steak n Shake customer traffic up in latest quarter
Biglari Holdings Inc., parent of Steak n Shake, said Friday that customer traffic to the restaurant chain grew 2.2 percent during the quarter ended July 4, boosting same-store sales 2.9 percent.
HHGregg posts quarterly loss on poor TV sales, as expected
Disappointing sales at stores open at least a year dragged Indianapolis-based HHGregg Inc. to a rare quarterly loss, the appliance and electronics retail chain said on Thursday.