$TEX (Terex Corporation)

$TEX {{ '2016-05-16T14:48:13+0000' | timeago}} • Announcement

$TEX said it has agreed with Konecranes Plc to mutually terminate the Business Combination Agreement the companies entered into on Aug. 10, 2015, without payment of a fee by either party. $TEX has agreed to sell its Material Handling and Port Solutions business to Konecranes for total consideration of about $1.3Bil.

$UTX {{ '2017-07-28T15:02:28+0000' | timeago}} • Announcement

$UTX said Philippe Delpech, President of Otis Elevator, has elected to leave the company to accept another opportunity in Europe. Nora LaFreniere, Otis VP, General Counsel, and Mark George, OtisVice President, Finance & CFO, will lead Otis Elevator in the interim until a successor is named.

$RTN {{ '2017-07-27T11:47:27+0000' | timeago}} • Announcement

Sales of $RTN’s Integrated Defense Systems segment grew 5% annually in 2Q17, while sales of the Intelligence, Information and Services division dropped 2%. Sales of the Missile Systems segment climbed 11% YoY, and those of Space and Airborne Systems advanced 4%. There was a 1% gain in the Forcepoint division’s sales.

$RTN {{ '2017-07-27T11:32:20+0000' | timeago}} • Announcement

$RTN revised up its sales outlook for fiscal 2017 to the range of $25.1-$25.6BIl from the earlier forecast of $24.9-$25.4Bil. EPS from continuing operations are currently estimated between $7.35 and $7.5, higher than the previous outlook of $7.25-$7.4. The company reaffirmed its forecast of operating cash flow for 2017 in the range of $2.8-$3.1Bil.

$RTN {{ '2017-07-27T11:22:10+0000' | timeago}} • Announcement

Technology company $RTN reported a decline in 2Q17 profit, despite a 4.2% growth in revenues. Earnings dropped to $553MM or $1.89 per share from $717MM or $2.41 per share a year earlier. The bottomline was impacted by a $0.09 per share charge associated with early retirement of debt. Total bookings decreased 8% YoY to $6.53Bil during the quarter.

$UTX {{ '2017-07-26T15:22:39+0000' | timeago}} • Webcast

$UTX still expects 2018 is going to be the peak for negative engine margin at Pratt & Whitney. $UTX has still coming down on 87% learning curve on the engine. Pratt is working through all things such as engineering changes to drive some cost out of the engine, and overhead support costs for supply chain that will play into product cost next year.

$UTX {{ '2017-07-26T15:10:11+0000' | timeago}} • Webcast

For UTC Aerospace Systems, $UTX expects commercial OEs to be up in the 2H17 a little bit. But overall for the full year, the company expects flattish commercial OE. On the other hand, $UTX does expect the commercial aftermarket business to be up mid-single digit as opposed to the low single digit the company expected before.

$UTX {{ '2017-07-26T15:01:00+0000' | timeago}} • Webcast

Based on 1H17 results and anticipated increases in negative engine margin in 2H17, $UTX still sees Pratt & Whitney full-year operating profit being down $150-200MM, but likely closer to the $200MM end of the range. With solid 1H results at Aerospace Systems, $UTX still sees operating profit to be up $50-100MM for 2017 and likely toward high end.

$UTX {{ '2017-07-26T14:57:29+0000' | timeago}} • Webcast

$UTX expects improvement in 2H17, driven by strength in equipment orders, productivity initiatives, and lower FX headwind. $UTX still sees Climate, Controls & Security (CCS) operating profit to grow by $100-150MM at actual FX in 2017, but likely closer to the low end. $UTX now sees that CCS will see low to mid-single-digit organic sales growth.

$UTX {{ '2017-07-26T14:48:26+0000' | timeago}} • Webcast

$UTX still expects to spend about $3.5Bil on share repurchases this year, completing its plan to return $22Bil to shareowners between 2015 and 2017. On the M&A front, those closed at UTC Climate, Controls & Security and Otis last year are contributing to growth story this year, and $UTX continues to have a placeholder at $1-2Bil for M&A this year.

$UTX {{ '2017-07-26T14:44:52+0000' | timeago}} • Webcast

At UTC Climate, Controls & Security, where $UTX continued to invest in new products and sales resources, organic growth was 5% in 2Q17, with organic growth in the North American residential business up double digits. Equipment orders grew 11%, and that follows strong new equipment orders growth of 7% in 1Q17.

$F {{ '2017-07-26T14:01:22+0000' | timeago}} • Infographic

$F Ford Motor Company Earnings AlphaGraphics: Q2 2017 highlights

$GM {{ '2017-07-26T12:41:26+0000' | timeago}} • Announcement

As $GM got battered with its results on Tuesday, rival $F surpassed the revenue figures for it as it posted 2Q17 earnings on Wednesday. For FY17, Ford now expects adjusted EPS of $1.65 to $1.85 with adjusted effective tax rate at about 15%.

$F {{ '2017-07-26T12:29:15+0000' | timeago}} • Announcement

With revenue inching 1% up to $39.85Bil, $F won the survival battle against $GM in 2Q17. For the quarter, Ford posted a 3.7% rise in net attributable income of $2.04Bil or $0.51 per diluted share with its Auto Segment operating margin rising 1.8 ppts to 5.9%.

$CAT {{ '2017-07-25T21:44:47+0000' | timeago}} • Webcast

$CAT expects Construction Industries sales for FY17 to be up 10-15% compared to previous outlook of flat to up 5%. This is mainly driven by increased demand in China and North America. Sales for Resource Industries is expected to be up 20-25% and Energy and Transportation sales is expected to be up 5-10%.

$CAT {{ '2017-07-25T21:40:00+0000' | timeago}} • Webcast

$CAT incurred $169MM restructuring costs during 2Q17, $30MM higher than 2Q16. The company also had a pre-tax gain of $85MM during the quarter, linked to the sale of investment in IronPlanet.

$CAT {{ '2017-07-25T21:36:13+0000' | timeago}} • Webcast

During 2Q17, $CAT reported increased sales in its three primary product segments. Construction Industry sales were up 11% to $4.9Bil, helped by higher sales volume in Asia Pacific and Latin America. Resource Industries reported 21% growth in sales followed by Energy and Transportation that reported 5% growth in sales during the quarter.

$GM {{ '2017-07-25T19:12:04+0000' | timeago}} • Webcast

As the carmaker posted 2Q17 results, $GM expects to return up to $7Bil to shareholders by the end of 2017 through dividends and share buybacks. GM's production is seen to be impacted in 3Q17.

$RTN {{ '2017-07-25T16:08:57+0000' | timeago}} • Announcement

$RTN said it will integrate the CyberSponse security platform to automate threat detection and response for its managed services customers. This technology collaboration combines CyberSponse's automated incident response and security orchestration capabilities with $RTN's Virtual-Security Operations Center to lower attacker dwell time.

$ATI {{ '2017-07-25T15:24:30+0000' | timeago}} • Announcement

$ATI has inked a Long-Term Purchase Agreement with Pratt & Whitney, a $UTX company, to supply isothermal forgings and nickel-based powder alloys for next-generation jet engines. The deal begins in 2017 and is expected to generate revenues in excess of $1Bil from 2017 to 2030.

$GM {{ '2017-07-25T14:26:13+0000' | timeago}} • Infographic

$GM General Motors Earnings AlphaGraphics: Q2 2017 highlights

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