Commercial real estate broker David Choate looks back on 35-year career
NH Business Review interviewed Choate at the International Marketplace, located at the Pease International Tradeport, where Choate helped negotiate many deals over the years.
Fisher posts record second quarter
On the heels of announcing a planned merger with Thermo Electron Corporation Hampton-based Fisher Scientific recorded record sales and earnings for the second quarter of 2006.
Sales for the quarter ending June 30, 2006, were $1.47 billion, an increase of over 9 percent from the second quarter of 2005, which closed at $1.34 billion.
Second quarter income from continuing operations increased nearly 42 percent to $121.4 million, or 92 cents per diluted share, from $85.6 million, or 67 cents per share, for the same quarter a year ago.
Diluted earnings per share from continuing operations increased by 20.9 percent to $1.10 in the second quarter, compared with 91 cents in the same quarter of 2005.
Six-month results for the life sciences manufacturer also looked strong with sales totaling $2.9 billion, an 8.6 percent increase over sales of $2.7 billion in the same period last year. Income from continuing operations for the first six months was $227.6 million, or $1.74 per diluted share, compared with $161.6 million, or $1.28 per diluted share the same period in 2005.
On May 8, Fisher and Waltham, Mass.-based Thermo Electron, a manufacturer of analytical instrumentation, entered into a definitive agreement to merge the two companies. The new company will be named Thermo Fisher Scientific Inc. and will be headquartered in Waltham, with anticipated 2007 revenues of more than $9 billion.
The merger is expected to close during the fourth quarter of 2006. — CINDY KIBBE
