$TECH expects the acquisition to slightly reduce its adjusted EPS in FY17 and add to EPS thereafter. The ACD acquisition marks $TECH's entry into the genomics field and market. The deal is expected to close on or about Aug. 1.
$TRST saw solid loan growth in 4Q16 compared to 4Q15, helped by an increase in residential mortgages. Loan portfolio expansion was funded primarily by growth of deposit base. The continued shift toward loans helped offset the margin impact from continued comparatively low yields on cash and investments.
Commercial bank $TRST reported 6.1% rise in its 4Q16 earnings. The company reported net income of $10.8M, or $0.113 per share compared to $10.2MM, or $0.107 during 4Q15. Net interest income rose to $36.9MM during the quarter compared to $36.2MM during 4Q15. Non-interest income rose to $4.51MM from $4.42 during 4Q15.
$WWD said in the Aerospace commercial aftermarket, it is seeing contracts
for maintenance coming through. The company is confident in the full-year 2017
outlook for this area. For 1Q17, $WWD was expecting a slight softness on the
gas turbine OEM side in terms of timing of orders. $WWD is on plan and is
feeling positive for 2017.