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Montecito Bank & Trust
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Limoneira reports strong revenue growth

By   /  Tuesday, January 10th, 2017  /  Agriculture, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Limoneira reports strong revenue growth

Santa Paula agribusiness Limoneira reported increased revenues for the fourth quarter and fiscal year 2016, exceeding its guidance with an operating income of $9.2 million. Net income applicable to common stock, after preferred dividends, was $7.4 million for the year, or 52 cents per common share, up from $6.4 million in 2015. The company had announced expectations of operating Read More →

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Amgen updates agreement with DaVita for dialysis treatment

By   /  Monday, January 9th, 2017  /  Health Care, Latest news, Tri-County Public Companies  /  Comments Off on Amgen updates agreement with DaVita for dialysis treatment

Thousand Oaks biotech company Amgen entered into a six-year supply agreement with DaVita for dialysis treatments, the company announced on Jan. 9. Under the terms of the new agreement, Amgen will supply DaVita with Epogen and Aranesp for agents to stimulate red blood cells in dialysis treatment in the United States and Puerto Rico. The Read More →

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Amgen partners with Immatics Biotechnologies to develop cancer drugs

By   /  Monday, January 9th, 2017  /  Health Care, Latest news, Tri-County Public Companies  /  Comments Off on Amgen partners with Immatics Biotechnologies to develop cancer drugs

Thousand Oaks biotech company Amgen formed a potential $500 million partnership with Immatics Biotechnologies GmbH to research and develop next-generation, T-cell engaging bispecific immunotherapies targeting multiple cancers, the company announced on Jan. 9. Under the terms of the agreement, Immatics will receive $30 million upfront and can receive more than $500 million in development, regulatory Read More →

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Rate hikes will be boon for tri-county banks in 2017

By   /  Friday, January 6th, 2017  /  Banking & Finance, Banking Industry, Latest news  /  Comments Off on Rate hikes will be boon for tri-county banks in 2017

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CalAmp reports $1.5 million loss in net income for third quarter

By   /  Thursday, December 22nd, 2016  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on CalAmp reports $1.5 million loss in net income for third quarter

Oxnard wireless parts maker CalAmp ended the third quarter with a $1.5 million loss in net income, or a 4 cent loss per diluted share, compared to $3.9 million in net income last year, or 11 cents per share. CalAmp was impacted by a legal expense that was $1.6 million more than the comparable period last year Read More →

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Calavo Growers reports record fourth quarter income

By   /  Tuesday, December 20th, 2016  /  Agriculture, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Calavo Growers reports record fourth quarter income

Calavo Growers, headquartered in Santa Paula, reported record fourth quarter revenues of $247.7 million and net income of $9.2 million, almost double its net income for the same period last year. Earnings climbed to 53 cents per diluted share for the quarter ended Oct. 31, compared to 28 cents for the fourth quarter 2015, bringing Read More →

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Lockheed Martin wins contract for F-35 logistics

By   /  Monday, December 19th, 2016  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on Lockheed Martin wins contract for F-35 logistics

Lockheed Martin was awarded a contract valued at $181.2 million by the Naval Air Systems Command to provide logistic services for its F-35 Lightning II aircraft. The aerospace and defense company with operations in Santa Barbara will conduct ground maintenance, supply chain management, pilot and maintainer training and support and other functions, according to a Read More →

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