LMI reports improved sales in third quarter
LMI Aerospace, Inc. (Nasdaq:LMIA), a St. Louis-based company with an operation in Savannah, announced sales of $70.6 million in the third quarter, up 9.1 percent from $64.8 million in the third quarter a year ago.
The company said gross margin increased significantly at both Aerostructures and Engineering Services with income from operations at $8.5 million or 12.1 percent of sales.
Net income for the third quarter was $5.6 million, or $0.48 per diluted share, compared to $4.1 million, or $0.35 per diluted share, in the third quarter of 2011.
LMI provides design engineering services and supplies structural assemblies, kits and components to the aerospace, defense and technology markets.
Business after hours in Pooler
The Pooler Chamber of Commerce and Visitors Bureau, Inc. will host a business after hours networking event Thursday, Nov. 15, from 5:30-7:30 p.m. at Royal Cinemas, 5 Towne Center Court in Pooler.
For this event, the chamber is extending its member rate to members of BNI, NuBarter, Lion’s Club, Professional Network Connections and Rotary Club.
Register and pre-pay by Nov. 12 and the cost is $12 for Pooler Chamber members and listed networking organization members. It’s $15 for non-members. After Nov. 12, add $3 per person.
For more information, email office@poolerchamber.com or call 912-748-0110.
Bank sponsors ‘phone home’ drive
The Coastal Bank, a community bank serving coastal Georgia, has launched a its third annual community-wide initiative to raise money for the USO’s Operation Phone Home, which provides pre-paid phone cards to deployed military personnel to enable them to call loved ones during the holiday season.
USO Operation Phone Home kicked off Wednesday and will run through Nov. 30.
“Our goal is to put at least one phone card in the hands of every soldier and service member in our area who is deployed during the holidays,” said Jim LaHaise, acting president and CEO.
Members of the public are invited to help. A $5 donation will provide a soldier with a phone card, and they will be given in December to deployed members of the U.S. Army, Army National Guard, Air National Guard, U.S. Coast Guard, U.S. Marine Corps and U.S. Naval Reserve.
Anyone who donates $5 or more will be entered into a drawing to win a free year of free Chick-fil-A – one free sandwich a week for a year. Two winners will be announced at the end of the campaign.
Phone cards can be bought online at www.phonehomesav.com or at any Coastal Bank location.