ITC Holdings, the nation’s largest publicly traded owner of the power grid, reported sharply higher revenue and net income for the fourth quarter and year ended Dec. 31.
DTE Energy Friday reported 2013 earnings of $661 million, or $3.76 per diluted share, up 8.4 percent from $610 million, or $3.55 per diluted share in 2012.
Both Midland-based Dow Corning Corp. and Rofin-Sinar Technologies Inc. of Plymouth reported earnings this week for the quarter ended Dec. 31.
Dow Chemical Co. reported fourth quarter net income of $963 million, or 79 cents a share, in the fourth quarter of 2013, compared to a loss of $716 million, or 61 cents a share, in the fourth quarter of 2012.
Revenue and profit both fell last fall at Michigan’s biggest tech company, Compuware Corp. Net income in the third fiscal quarter ended Dec. 31 fell to $25 million or 11 cents a share from $25.3 million or 12 cents a share a year earlier. Revenue came in at $250.5 million, down from $257.9 million a year earlier.
Neogen Corp. makes products that test for contamination and other biotech information in food and livestock. A year ago, amid outbreaks of food contamination, the company reported record profits. This year, for the second quarter of its fiscal year, which ended Nov. 30, the company reported lower net income despite higher sales due to what a top executive called a year of “clean crops.” Acquisition expenses also played a part.
ITeknik Holding Corp. (OTC: ITKH), a provider of telecommunications services through its Send Global subsidiary, Thursday reported operating income of $45,582 in the first fiscal quarter ended Sept. 30, up from $12,175 in the first quarter of the prior fiscal year.
Royal Oak-based Bonal International Inc. (OTC: BONL) last week announced net income of $111,148 or 7 cents a share for the second fiscal quarter ended Sept. 30, down from $201,196 or 12 cents a share in the same quarter of a year earlier. Revenue for the quarrer was $581,325, down from $747,048 a year earlier.
Advanced Photonix Inc. (NYSE: API) late Tuesday reported a loss of $578,000 or 2 cents a share in the second fiscal quarter ended Sept. 30, an improvement from a loss of $1.3 million or 4 cents a share in the same quarter a year earlier. Revenue jumped 35 percent.
InfuSystem Holdings Inc. (NYSE: INFU) Tuesday reported net income of $649,000 or 3 cents a share in the third quarer ended Sept. 30. That’s up from $33,000 or less than a penny a share in the third quarter of 2012.