Earnings
Towson tool-maker Black & Decker reported its profit last year fell to $132.5 million from $293.6 in 2008, as sales dropped to $4.78 billion from $6.09 billion and the company spent $58.8 million on costs related to its acquisition by Stanley Works. Its fourth-quarter profit fell to $33.9 million from $43.7 million in the prior-year quarter, as sales fell to $1.30 billion from $1.38 billion.
Integral Systems of Columbia, which provides satellite systems, reported its profit for the quarter ended Dec. 25 rose to $1.2 million from $1.0 million in the prior-year quarter. Sales fell to $37.7 million from $38.5 million.
Industrial chemical and catalyst company W.R. Grace & Co. of Columbia reported its profit last year fell to $81.2 million from $136.9 million in 2008. Sales fell to $2.83 billion from $3.32 billion. Its fourth-quarter profit fell to $46.5 million from $47.4 million in the prior-year quarter, as sales fell to $678.3 million from $768.4 million.
Vocus Inc. of Lanham, which provides software for public relations management, reported a net loss of $2.0 million last year, versus a profit of $6.9 million in 2008. Sales grew to $84.6 million from $77.5 million. Vocus posted a fourth-quarter net loss of $821,000, versus a profit of $1.4 million in the prior-year quarter, as sales increased to $22.0 million from $20.6 million.
Annapolis Bancorp of Annapolis, parent of BankAnnapolis, reported a net loss of $1.7 million last year, versus a profit of $1.4 million in 2008. Its annual provisions for credit losses were $6.5 million and $2.4 million, respectively. Its fourth-quarter profit rose to $381,000 from $145,000 in the prior-year quarter. Assets last year grew to $444.3 million from $394.9 million.
CommerceFirst Bancorp of Annapolis, parent of CommerceFirst Bank, reported a profit of $678,000 last year, up from $295,000 in 2008. Assets last year grew 20.3 percent to $200.4 million from $166.6 million.
WSB Holdings of Bowie, parent of Washington Savings Bank, reported a net loss of $5.7 million last year, versus a profit of $236,000 in 2008. Its fourth-quarter profit fell to $209,000 from $327,000 in the prior-year quarter.
First Mariner Bancorp of Baltimore, parent of First Mariner Bank, reported a net loss of $22.3 million last year, compared with a net loss of $15.1 million in 2008. Its fourth-quarter net loss was $3.8 million, compared with a net loss of $9.1 million in the prior-year quarter. Total assets last year increased to $1.38 billion from $1.31 billion.