Brendan Wagner submits:

While it’s also a fantastic ditty by Def Leppard, Rock of Ages (ROAC) is a very old company specializing in "memorial" products - think headstones, mausoleum products, etc.

Rock of Ages reported a dramatic increase in earnings this morning, with earnings per share of 19 cents versus 10 cents a year ago. Shares are up 12% today, to 2.71. The company reports in two segments - quarry and manufacturing, with manufacturing being the higher-margin of the two

I just got off the phone with CFO Laura Plude, who graciously answered a few of my questions. Quarry segment results were greatly improved (see below), thanks to strong Chinese demand. I asked if the improvement in results at their Bethel White Quarry (which they cited as the big boost to earnings) could continue, and was told that not only would it continue but we might see even better improvement due to equipment repairs/upgrades and other efforts.

Complete Story »
Go to Source