$AIN (Albany International Corp.)

$AIN {{ '2016-02-29T15:50:01+0000' | timeago}} • Announcement

$AIN's sales are expected to exceed $200MM by 2020, and Adjusted EBITDA margins could approach 20% by 2020, assuming good execution and no significant slippage in program schedules. Estimated return on invested capital for acquisition is likely to exceed current cost of capital by 2018 and reach double-digits by 2020.

$MTRX {{ '2017-07-19T12:16:55+0000' | timeago}} • Announcement

$MTRX appointed John Chandler and Martha Carnes as new independent members of its BoD. The Company also announced that long-time Board members Michael Hall and Edgar Hendrix will retire from the Board and not stand for re-election at the 2017 Annual Meeting after serving on the Board for 19 years and 17 years, respectively.

$EMR {{ '2017-07-17T16:47:55+0000' | timeago}} • Announcement

$EMR received 15-year, $20MM contract to modernize controls at San Francisco's largest wastewater plant. The San Francisco Public Utilities Commission has selected $EMR as the design-build contractor for a comprehensive automation project to modernize its Southeast Treatment Plant.

$AIN {{ '2017-07-14T11:53:56+0000' | timeago}} • Announcement

$AIN said it expects to record a pre-tax charge of about $16MM in 2Q17,  associated with revisions in the estimated profitability of two contracts. The charge will be included in 'Cost of Goods Sold' for the company’s AEC segment. Albany will release its 2Q17 financial results on August 1, 2017.

$EMR {{ '2017-07-13T16:30:25+0000' | timeago}} • Announcement

$EMR plans for a major renovation and expansion of the labs and offices at its existing 1MM-square-foot facility in Sidney, Ohio. The project is expected to require $100MM in investments over the next four years. Construction is slated to be completed by 2021.

$EMR {{ '2017-07-10T11:08:05+0000' | timeago}} • Announcement

$EMR appointed Craig Rossman as president of its White-Rodgers business. Rossman succeeds Jack Huether, who has been leading White-Rodgers while also serving as group president of $EMR's sensors and controls businesses. In this leadership role Rossman will report to Huether. These changes were effective July 1.

$ZEUS {{ '2017-06-30T13:49:44+0000' | timeago}} • Announcement

Steel manufacturer $ZEUS said its Chief Information Office Esther Potash has retired, after serving the company for 19 years. Olympic Steel promoted Chris Garrett to the post of VP, IT – Flat Rolled, effective July 1. Garrett will be assuming Potash's former IT responsibilities.

$EMR {{ '2017-06-21T10:54:21+0000' | timeago}} • Announcement

Tech company $EMR has launched a new dual-mode wireless gateway, expanding its wireless portfolio. The gateway supports IEC 62951 WirelessHART and ISA100.11a industrial wireless communications standards. Emerson said an upcoming release of its dual-mode wireless gateway will be integrated into the Cisco 1552WU.

$EMR {{ '2017-06-12T21:19:56+0000' | timeago}} • Announcement

$EMR signed a Memorandum of Understanding (MoU) with Saudi Aramco during the recently held Saudi-U.S. CEO Forum in Riyadh. The agreement will help bring advanced digitization and automation technologies to one of the leading energy and chemicals companies.

$AIN {{ '2017-05-12T13:58:39+0000' | timeago}} • Announcement

$AIN's BoD declared a quarterly dividend of $0.17 per share on the company’s Class A and Class B Common Stock. The dividend is payable on July 10, 2017, to shareholders of record on June 7, 2017.

$EMR {{ '2017-05-11T20:57:45+0000' | timeago}} • Announcement

$EMR announced the launch of an additional $63MM in strategic investments for its InSinkErator's Southeast Wisconsin operations, including nearly $34MM for a new headquarters and lab facility to be built in Mount Pleasant. $EMR also announced $29MM in planned improvements at InSinkErator’s manufacturing facility in Racine.

$MTRX {{ '2017-05-10T13:11:44+0000' | timeago}} • Announcement

$MTRX remains optimistic about the long-term performance of business and strategic vision. $MTRX is actively managing cost structure to meet current and future customer commitments as markets improve. Continued strong bidding activity and other key indicators all point to improving capital project and maintenance spending in FY18.

$MTRX {{ '2017-05-10T13:10:10+0000' | timeago}} • Announcement

Availability under $MTRX's credit facility of $106.8MM along with the company's cash balance of $39.7MM provided liquidity of $146.5MM at March 31, 2017, a decrease of $81.9MM since Dec. 31, 2016.  This reduction is primarily attributable to a capacity constraint triggered by the company's financial performance in the quarter.

$MTRX {{ '2017-05-10T13:07:54+0000' | timeago}} • Announcement

$MTRX slipped to a loss in 3Q17 from a profit last year, due to negative impact of major project in Electrical Infrastructure segment as well as lower volume in the Storage Solutions segment. Net loss was $13.82MM or $0.52 per share compared to a profit of $4.36MM or $0.16 per share last year. Revenue fell to $251.24MM from $309.42MM.

$UFI {{ '2017-05-04T18:40:52+0000' | timeago}} • Announcement

$UFI appointed Kevin Hall as CEO and Member of the BoD, effective June 1. Thomas Caudle will continue to serve as $UFI's President, a position he has held since 2016. The company's CFO Sean Goodman has resigned his position effective June 24 to accept employment with another company.

$EMR {{ '2017-05-02T21:24:19+0000' | timeago}} • Webcast

$EMR elected Gloria Flach, corporate VO and COO of $NOC, to its BoD. Flach will serve on the board's compensation committee and finance committee.

$EMR {{ '2017-05-02T19:48:31+0000' | timeago}} • Webcast

$EMR said North America market is recovering and expects to see positive order trends in FY17. The company expects to see improvements in the U.S., Western Europe, China and Rest of Asia, while Canada still expected to be negative for the year.

$EMR {{ '2017-05-02T19:31:22+0000' | timeago}} • Webcast

For Commercial & Residential Solutions business, $EMR expects solid mid-single digit organic sales growth in 3Q17. The company sees lower than 5% organic sales growth in 4Q17 on back of strong sales in 4Q16.

$EMR {{ '2017-05-02T19:06:29+0000' | timeago}} • Webcast

In terms of capital deployment, $EMR continues to bid aggressively on both Automation Solutions and Commercial & Residential Solutions acquisitions, but did not see any success yet. The company said it will be looking to land about $500MM of acquisitions in the next five to six months or will be driving buyback program back in the $300-500MM level.

$EMR {{ '2017-05-02T12:51:05+0000' | timeago}} • Announcement

Industrial engineering company $EMR reported 21% drop in 2Q17 earnings with a flat revenue, mainly due to impact from discontinued operation. Net earnings fell to $292 from $369 per share. Diluted EPS fell 21% to $0.45 from $0.57. Revenues were flat at $3.6Bil.

$PATK {{ '2017-05-01T15:23:34+0000' | timeago}} • Announcement

$PATK completed the acquisition of Leisure Product Enterprises (LPE).  The aggregate purchase price for LPE was approx. $73.5MM, and the company expects the acquisition to be immediately accretive to net income per share. $PATK expects to incur one-time transaction-specific pretax charges of $0.3MM or $0.01 per diluted share after tax in 2Q17.

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