July 26 // Under Armour profit rises 163% in 2Q; Plank touts international opportunity

Under Armour Inc.’s second-quarter profit rose 163 percent, boosted by stronger footwear sales and continued growth in apparel. The increase prompted the Baltimore sportswear maker to raise its full-year outlook and sent shares of the company up 12 percent to a closing price of $69.38 on Thursday. On a conference call with analysts on Thursday, Under Armour CEO Kevin Plank used the forum to play up the company’s growth opportunities across the world and in footwear. (Balt. Bus. Journal)

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Two sites remain in running for Prince George’s regional medical center

Two sites remain in the running for a new, $645 million regional hospital in Prince George’s County to replace the financially ailing Prince George’s Hospital Center in Cheverly and create a full-service medical campus. The board of Dimensions Healthcare System, which oversees county-owned medical facilities, voted unanimously Thursday to send letters to Maryland health officials endorsing Largo Town Center and the shuttered Landover Mall as possible locations for the hospital. (Wash. Post)

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O’Malley says Md. can be leader in environmental tech

Gov. Martin O’Malley is betting that setting more ambitious goals for reducing air pollution will force development of a thriving environmental technology industry in Maryland. “We have all of the tools and talent we need to also be No. 1 in green sector job creation,” O’Malley said during the kickoff of a Climate Change Summit in Linthicum Heights on Thursday. (Daily Record)

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Gun owners spending more, traveling further to get bullets

Shooting sports enthusiasts in the county say they are not sure why they are having a harder time than ever finding ammunition and other supplies to pursue their hobby. But they do know they are spending more and traveling farther to get bullets for a session of target practice or shells for a few hours shooting clay pigeons. (Gazette)

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Sourcefire's sale bounty comes too late for Maryland

Maryland invested $650,000 in Columbia’s Sourcefire between 2002 and 2006, back when the company was just spreading its wings. On Tuesday, Cisco Systems Inc. announced it was purchasing the cyber security firm for $2.7 billion — more than 10 times its 2012 revenue of $223 million. The state sold its shares of the company shortly after it went public for a return on its investment of $3.2 million. (Balt. Bus. Journal)

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Legg Mason earns $47.8 million in first quarter

Legg Mason Inc. reported better-than-expected earnings Thursday and its first quarter in years with more money flowing into its mutual funds than being withdrawn. The Baltimore-based money manager posted a $47.8 million profit in the quarter April through June, or 38 cents per share, 2 cents more than the average estimate of analysts. (Balt. Sun)

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W.R. Grace profit up 20% in second quarter

W.R. Grace & Co.’s second-quarter profit rose nearly 20 percent, driven by stronger sales that make engineering materials and construction products. Columbia-based Grace (NYSE: GRA) posted net income of $83.3 million, or $1.07 a share, for the three months ended June 30. (Balt. Bus. Journal)

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Under Armour CFO talks footwear, Tide Point expansion and Brazil

Under Armour Inc. executives on Thursday continued to lay out a strategy for Wall Street analysts on growing its footwear business and generating more international revenue. I chatted with Brad Dickerson, Under Armour’s chief financial officer, who talked a bit more about Under Armour’s game plan. (Balt. Bus. Journal)

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