BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | April 22, 1999
Columbia-based RWD Technologies Inc. reported a 28 percent jump yesterday in first-quarter profit on 27 percent growth in sales.RWD -- a technology, training and consulting firm -- said it earned $3.8 million, or 24 cents a share, for the quarter that ended March 31, compared with net income of $2.97 million, or 19 cents a share, for the same three months a year ago.The results were a record, the company said. Earnings beat the consensus estimate of analysts by 2 cents a share, according to Zacks Investment Research.
BUSINESS
June 20, 1997
The first day of public trading for Columbia's RWD Technologies Inc. ended in spectacular fashion yesterday as shares rose by 40 percent, the second biggest percentage gain on U.S. markets.The company, which helps big corporate clients use technology to become more efficient, offered 3 million shares at $13 each, or $39 million. The stake represented 22 percent of the company.By the close of the market, the stock was at $18.25 a share on trading of 2.58 million shares."The company's put up a very good operating track record over the last three years and there's no reason they shouldn't continue to do well," analyst Ryan Jacob of IPO Value Monitor told Bloomberg News.
BUSINESS
BY A SUN STAFF WRITER | April 22, 2000
RWD Technologies Inc. said yesterday that it was awarded a five-year contract by Ford Motor Co. that will bring the Columbia company $50 million to $90 million during the life of the agreement. RWD will implement "lean manufacturing" processes at four Ford plants in Illinois, Michigan and Ohio. The company helps manufacturers find ways of reducing waste and increasing efficiency. RWD is receiving a base amount for the work and will get a percentage of any money Ford saves through the processes.
BUSINESS
By Shanon D. Murray and Shanon D. Murray,SUN STAFF | October 20, 1999
RWD Technologies Inc., a Columbia-based technology training and consulting company, said yesterday that it has signed a letter of intent to become the first tenant of the $50 million high-technology research park at the University of Maryland, Baltimore County.The company is expected to house its newly created RWD Applied Technology Laboratory in a two-story, 40,000-square-foot facility at the park. Construction will begin in early 2000 and should be completed in the second quarter of 2001.
BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | September 23, 1999
RWD Technologies Inc. announced yesterday that third-quarter sales and earnings will fall well short of analysts' estimates, the second straight quarter the Columbia-based company has had to issue such a warning.RWD is projecting a break-even third quarter -- far less than the profit of 13 cents a share that analysts were forecasting. Sales will come in at $29 million, or $4 million below estimates, largely because business dropped off in two of the four key markets that RWD serves, the company said.
BUSINESS
By Mark Guidera and Mark Guidera,SUN STAFF | July 23, 1998
It's said revenge is a dish best served cold, but Robert W. Deutsch's plate is hot.Columbia-based RWD Technologies Inc., which Deutsch founded 10 years ago after he was forced out of another company he had launched, has been seeing revenue and profit soar in the past year as Fortune 500 companies such as Chrysler Corp. and Merck & Co. have signed up RWD to help train workers to install and use sophisticated computer systems and software.Yesterday, RWD reported its fourth consecutive profitable quarter since going public a year ago.The company said it booked $27.4 million in revenue for its second quarter ended June 30. That's 32 percent more than in the same quarter last year, for which the company reported revenue of $21 million.