3 homebuilders to offer collections at Kinston in east Loveland
Three homebuilders are among the first to participate in Kinston, a new housing development east of The Promenade Shops at Centerra in Loveland.
McWhinney Real Estate Services is the developer of Kinston, a 625-acre master-planned community that will include housing and community amenities such as gathering places, a coffee shop, beer purveyor and commons area.
In a release, McWhinney said that Lennar, Dream Finders Homes and Richmond American Homes are the first to offer collections of homes in Kinston.
The three homebuilders have closed on 237 sites representing five different home types in the first phase of residential offerings. At buildout, Kinston plans to deliver approximately 2,800 home sites, including 15 distinct product segments to meet homebuyers’ growing demand for homes in the Northern Colorado market, the release said.
The three initial homebuilders plan to build modern farmhouse and prairie-style homes, as well as craftsman and mid-century modern designs. New model homes are expected to open to the public in late winter 2021, with pricing becoming available at that time.
Heska revenues soar 97% in first quarter
Heska Corp. reported record quarterly revenue growth during the first quarter.
The Loveland-based provider of veterinary diagnostic and specialty products recorded revenue of $60.5 million, up 97.4% from $30.65 million in the first quarter of 2020.
Net income totaled $1.87 million, compared with a loss of $5.29 million a year ago.
Kevin Wilson, Heska’s president and CEO, attributed the results in part to an increase in point-of-care lab consumables sales, which grew 23.9%. He noted that the company completed a substantial capital raise — $165 million in common-stock proceeds — in the first quarter, enabling it to proceed faster in launching new analyzer platforms, test menus, diagnostic services and international initiatives.
Woodward sales, earnings fall
Industrial controls manufacturer Woodward Inc. of Fort Collins posted sales of more than $581 million in its fiscal year 2021 second quarter — which sounds great until the figure is compared with the revenue it pulled in during the same period last year: more than $720 million.
Year-over-year earnings also were down. Woodward recorded $68.3 million in net earnings, or $1.04 per share, down from $91.3 million in the second quarter of 2020.
Still, Woodward topped Wall Street predictions for both sales and earnings. Zacks Consensus Estimate for revenue was $575.8 million and earnings per share was $0.82.
“Our second quarter continued to show encouraging signs of a market recovery on the horizon with sales and earnings showing sequential improvement,” Woodward CEO Thomas Gendron said in a prepared statement accompanying the group’s earnings report.
Woodward is not providing financial guidance for the remainder of its 2021 fiscal year.
Greeley Stampede names four to Hall of Fame
The Greeley Stampede will induct four people into the Stampede Hall of Fame on May 21.
Inductees this year, as described by the Stampede, are:
• Earl Anderson: Influential within the sport of rodeo, he was the Stampede’s rodeo stock contractor from 1931 to 1958.
• Nyla Bristow: A former Miss Independence Stampede queen, Bristow has been a Wrangler volunteer for more than 40 years. She is a former Miss Rodeo America board member and longtime member of the Miss Rodeo Colorado Board.
• Harold Evans: A community supporter and a former Greeley Stampede Committee member who was instrumental in the construction of the west arena grandstands.
• Dick Lookhart: A founding member of the Wrangler volunteer organization and a former Greeley Stampede Committee member who was known for spending endless hours supporting the event.
The Stampede will host a banquet May 21 at Zoe’s Café starting at 6 p.m. to recognize the inductees. Individual tickets for the event are $25 or a table of eight for $160; tickets are available at the Stampede ticket office or may be purchased by phone at 970-356-7787.
Additional recognition will take place during the 2021 Greeley Stampede, including display cases for each inductee with information and artifacts about their contributions to the Stampede.
Advanced Energy revenue, earnings up in first quarter
Advanced Energy Industries, a Denver-based power measurement and control systems company formerly headquartered in Fort Collins, posted first quarter sales and earnings that topped Wall Street expectations as well as results from the same period last year.
The company had quarterly sales of $351.6 million and earnings per share of $1.29, up from $315.5 million and $0.91, respectively, in the first quarter of 2020.
Zacks Consensus Estimate for earnings was $1.27 per share.
Advanced Energy is projecting sales of about $360 million in the second quarter.
Unemployment claims continue to decline; new rule in place
The Colorado Department of Labor and Employment reported 4,472 initial unemployment claims during the week ending May 1, down from 5,825 the previous week and just a fraction of weekly totals during the height of the COVID-19 pandemic.
There were also 618 Pandemic Unemployment Assistance initial claims filed.
Since last March, Colorado workers have filed a total of 1,195,287 claims.
The state paid out $12.7 million to out-of-work Coloradans during the week ending May 1.
The Colorado Department of Labor and Employment has “adopted a new emergency rule this week designed to strengthen claimants’ work search activities,” according to a Labor Department news release. “The rule allows CDLE to disqualify claimants from receiving continued unemployment benefits for failing to show up to a scheduled interview, failing to show up for a scheduled exam, failing to report for the first scheduled day of new work and failing to complete required pre-employment activities unless the claimant can verify reasonable justification for the specific failure.
“The new rule also allows for a disqualification if false or incorrect information is knowingly provided during the course of the interview that would result in the applicant to be considered unqualified for the job,” the release said.
In Brief
• Prosci of Fort Collins won a federal contract award for $60,720 from the U.S. Coast Guard in Yorktown, Va., for ProSci Change Management Training for the Coast Guard Training Center.
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