$KMT (Kennametal Inc.)

$KMT {{ '2015-12-02T11:02:47+0000' | timeago}} • Announcement

$KMT closed sale of several non-core businesses related to certain castings, steel-plate fabrication and deburring operations to Madison Industries. The sale is in alignment with portfolio simplification strategy and plans to cut manufacturing footprint by 20-25%. It allows $KMT to focus on long-term growth of core processes.

$KMT {{ '2018-01-16T13:41:17+0000' | timeago}} • Announcement

$KMT said that effective Jan. 16, 2018, Peter Dragich will become the company's VP of the Industrial business. Additionally, Ron Port will become the company's VP and President of the Infrastructure business segment with global responsibility for the company's advanced materials, earth cutting tools, engineering components and ceramics business.

$BC {{ '2018-01-11T21:37:50+0000' | timeago}} • Announcement

$BC said the Brunswick Freshwater Boat Group has appointed David Huguelet as General Manager of the Thunder Jet boat organization, effective immediately, reporting to Dirk Hyde, President - Lund Boats and Thunder Jet. Huguelet has previously worked at Polaris Industries Inc.

$DOV {{ '2018-01-09T19:40:27+0000' | timeago}} • Announcement

$DOV has acquired Ettlinger Kunststoffmaschinen GmbH and its affiliated entities, based in Germany. Ettlinger, a filtering solutions manufacturer, will become part of the Maag business unit within $DOV’s Fluids segment. Terms of the transaction were not disclosed. Ettlinger's annual revenue was approx. EUR16MM in 2017.

$AIT {{ '2018-01-09T14:46:20+0000' | timeago}} • Announcement

$AIT has agreed to acquire FCX Performance, Inc. for approx. $768MM. The deal is expected to close within 30 days. The acquisition is expected to contribute about $550MM in sales and $68MM in EBITDA in the first 12 months of applied ownership. The deal is expected to be accretive in FY19 after recognition of one-time transaction costs in FY18.

$OA {{ '2018-01-08T15:13:05+0000' | timeago}} • Announcement

$OA has been awarded a contract by Intelsat to build the Galaxy 30 communications satellite. Galaxy 30 will be designed, built and tested at $OA’s satellite manufacturing facility in Dulles, Virginia, and will primarily serve video markets in North America. The satellite is scheduled to launch in early 2020.

$OA {{ '2018-01-04T22:03:38+0000' | timeago}} • Announcement

$OA has signed a Cooperative Research and Development Agreement (CRADA) with the US Air Force’s Space and Missile Systems Center. The CRADA provides the framework and plan for data exchanges needed to certify $OA’s Next Generation Launch (NGL) system to carry National Security Space missions.

$OA {{ '2018-01-04T14:30:10+0000' | timeago}} • Announcement

$OA has been awarded a contract for a second Mission Extension Vehicle (MEV-2). $OA is now producing MEV-1, a commercial in-space satellite servicing system, for Intelsat with launch scheduled for late 2018. Under this new agreement, $OA will manufacture, test and launch MEV-2 and begin mission extension services in mid-2020.

$OA {{ '2018-01-03T14:29:47+0000' | timeago}} • Announcement

$OA has signed its first full-rate production (FRP) contract for its all-electronic FMU-167/B Hard Target Void Sensing Fuze (HTVSF). Contracted through the US Air Force, the $23MM award is a follow-on FRP order to the low-rate initial production contract awarded in 2016.

$ATU {{ '2017-12-20T14:00:16+0000' | timeago}} • Announcement

Net sales of $ATU’s Industrial segment advanced 11% YoY to $97MM in 1Q18, supported by strong demand for standard industrial tools and positive currency exchange rates. Sales of Engineered Solutions segment climbed 24% to 116MM, while Energy segment sales declined 10% to $76MM.

$ATU {{ '2017-12-20T13:44:55+0000' | timeago}} • Announcement

$ATU said it is looking for non-GAAP EPS of $0.10-$0.15 for 2Q18, on projected net sales between $265MM and 275MM. The company reaffirmed its FY18 sales guidance of $1.10-1.13Bil, with an estimated 1-3% gain in core sales. Actuant confirmed its full-year EPS outlook in the $1.05-1.15 range. Free cash flow is expected to be between $85MM and $95MM.

$ATU {{ '2017-12-20T13:33:52+0000' | timeago}} • Announcement

Earnings of diversified manufacturing firm $ATU remained broadly unchanged in 1Q18, while sales increased helped by favorable exchange rates. Net income was $5M or $0.09 per share, in line with the prior-year figures. Non-GAAP earnings edged up to $0.19 per share. Sales advanced 9% to $289MM, with core sales rising 6% owing to strong volume growth.

$OA {{ '2017-12-18T13:41:56+0000' | timeago}} • Announcement

$OA said its S. S. Gene Cernan Cygnus spacecraft successfully completed its eighth cargo supply mission to the International Space Station under NASA's Commercial Resupply Services (CRS-1) contract. The mission, known as OA-8, achieved significant milestones that further demonstrated the versatility and value of the Cygnus spacecraft.

$KMT {{ '2017-12-15T15:54:55+0000' | timeago}} • Announcement

Engineering company $KMT has named Joseph Alvarado to its board of directors, effective January 1, 2018. Alvarado is slated to retire as chairman of Commercial Metals Company next month. He joined Commercial Metals in April 2010 as EVP and COO, and went on to become President and COO in April 2011.

$BWA {{ '2017-12-15T15:25:26+0000' | timeago}} • Announcement

$BWA announced the appointment of Frédéric Lissalde to EVP and chief operating officer, effective January 1, 2018.

$ALG {{ '2017-12-15T12:49:31+0000' | timeago}} • Announcement

$ALG has appointed a new independent director to its Board, Richard Parod, effective Dec 14, 2017. Parod was a Director and CEO of $LNN from April 2000, until his retirement on Dec 1, 2017.

$CAT {{ '2017-12-13T19:48:11+0000' | timeago}} • Announcement

$CAT BoD maintains the quarterly cash dividend of $0.78 per share of common stock, payable February 20, 2018, to shareholders of record on January 22, 2018.

$CIR {{ '2017-12-12T13:25:19+0000' | timeago}} • Announcement

$CIR has completed the previously announced acquisition of Fluid Handling (FH) from $CFX for approx $693MM of cash and newly issued CIRCOR shares. The transaction also includes $150MM related to the assumption of pension plan liabilities linked to the FH business. FH will become a third group within CIRCOR, called Pumping Technologies.

$BGG {{ '2017-12-11T19:55:49+0000' | timeago}} • Announcement

$BGG acquired the assets of Ground Logic, Inc., a designer-manufacturer of stand-on commercial spreaders and sprayers for fertilizer and pesticides. Briggs & Stratton financed the transaction from cash on hand. It expects the acquisition to not have a material effect on FY18 earnings or cash flows.

$OA {{ '2017-12-11T13:49:56+0000' | timeago}} • Announcement

$OA has been awarded a contract from the US Air Force Space and Missiles Center to build a Long Duration Propulsive Evolved Expendable Launch Vehicle platform. The innovative platform, positioned between the launch booster and a primary space vehicle, is used to carry small payloads or deploy small satellites.

$DOV {{ '2017-12-08T11:59:29+0000' | timeago}} • Announcement

Manufacturing company $DOV has decided to spin off Wellsite, an upstream energy business within its energy segment, into a publicly-traded company. Pursuant to the tax-free spin-off, which is expected to complete by the second quarter of 2018, Wellsite will operate as a provider of multiple technologies, including oil and gas production solutions.

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