$VMI (Valmont Industries, Inc.)

$VMI {{ '2016-09-02T13:53:59+0000' | timeago}} • Announcement

Provider of irrigation equipment and services for agriculture $VMI's Board has come to a unanimous decision of promoting Stephen Kaniewski to the post of President and COO, effective Oct. 1, 2016. Mr. Kaniewski will be reporting directly to CEO Mogens Bay and will also be responsible for the daily operations of the company.

$OIS {{ '2017-07-27T16:12:04+0000' | timeago}} • Announcement

The BoD of $OIS has elected Robert Potter as its member. Potter will serve as a Class III Director with an initial term expiring in May 2019.

$WOR {{ '2017-07-25T20:52:54+0000' | timeago}} • Infographic

$WOR has priced its $200MM aggregate principal amount of senior notes due 2032. The notes bearing 4.3% interest are sold to the public at 99.901% of the principal amount. Worthington will use the proceeds from the offering mainly to repay loan and the amounts outstanding under its revolving trade accounts receivable securitization facility.

$NX {{ '2017-07-25T15:09:08+0000' | timeago}} • Announcement

$NX has elevated George Wilson to the post of COO, effective Aug 1, 2017.  In his new capacity, Wilson will be responsible for the company's U.S. and International operations and reporting directly to Bill Griffiths, Chairman, President and CEO. Prior to promotion, Wilson was President of Insulating Glass Systems since 2011.

$WOR {{ '2017-07-25T15:08:35+0000' | timeago}} • Infographic

$WOR has decided to offer $200MM aggregate principal amount of senior notes due 2032. Worthington intends to use the net proceeds from the offering to repay outstanding borrowings and to repay amounts outstanding under its revolving trade accounts receivable securitization facility.  The remaining amount will be added to working capital.

$XYL {{ '2017-07-25T13:41:35+0000' | timeago}} • Announcement

$XYL secured a contract to supply its advanced Wedeco LBX Series UV disinfection system to heighten protection against cryptosporidium at the City of West Palm Beach Water Treatment Plant, the first plant in Florida to add UV disinfection.

$B {{ '2017-07-20T15:35:22+0000' | timeago}} • Announcement

$B has declared a quarterly cash dividend of $0.14 per share. The dividend will be payable on September 8, 2017, to shareholders of record as on August 24, 2017.

$ACM {{ '2017-07-06T22:04:42+0000' | timeago}} • Announcement

$ACM has agreed to acquire Shimmick Construction for $175MM. The acquisition is expected to close in $ACM’s 4Q17 and is expected to be accretive to adjusted EPS upon closing. Shimmick generates approx. $300MM of revenue annually and has a total backlog of approx. $1.35Bil.

$TKR {{ '2017-07-05T12:40:40+0000' | timeago}} • Announcement

Engineering firm $TKR said its subsidiary Timken India has entered into an agreement to acquire Mumbai-based ABC Bearings Ltd. After the merger of ABC into Timken India, shareholders of the former will receive Timken India’s shares as consideration. The transaction is expected to complete in six months.

$WOR {{ '2017-06-29T18:07:55+0000' | timeago}} • Webcast

$WOR is seeing stronger demand from the Northeast in the coming quarters, where various energy infrastructure projects such as drilling and pipe-laying are nearing completion. Going ahead, the company will continue with its strategy to grow through mergers and acquisitions, and estimates capital expenditure of $80-85MM this year.

$WOR {{ '2017-06-29T18:01:54+0000' | timeago}} • Webcast

$WOR has been realigning its Pressure Cylinders business, and with the recent acquisition of Amtrol, two new divisions - Industrial Gas and Consumer Gas - were added to the segment. The company expects the stable price of natural gas, which stays stronger than oil, to continue to drive demand for its high margin products.

$WOR {{ '2017-06-29T17:53:00+0000' | timeago}} • Webcast

Metal manufacturer $WOR said it received dividends of about $18MM from joint ventures in 4Q17. The benefits of the company’s recent capacity expansion have started yielding benefits. $WOR sees a major improvement in the key areas of its operation in the near term, including supply chain and support function.

$WOR {{ '2017-06-29T10:55:41+0000' | timeago}} • Announcement

$WOR BoD declared a quarterly dividend of $0.21 per share, up $0.01 per share sequentially.  The dividend is payable on September 29, 2017, to shareholders of record September 15, 2017.

$WOR {{ '2017-06-28T22:38:44+0000' | timeago}} • Announcement

$WOR's BoD declared a quarterly dividend of $0.21 per share payable on September 29, 2017 to shareholders of record on September 15, 2017.

$WOR {{ '2017-06-28T22:37:58+0000' | timeago}} • Announcement

$WOR reported a decrease in 4Q17 earnings. Net income was $56.5MM or $0.87 per share compared to $58.5MM or $0.92 per share in 4Q16. Net sales were $845.3MM, up 18% over 4Q16. Steel Processing accounted for the majority of the increase, as average selling prices and overall volume were both up over the prior year quarter.

$ACM {{ '2017-06-28T20:32:13+0000' | timeago}} • Announcement

$ACM appointed Randall Wotring as COO, effective July 1, 2017. The company said Stephen Kadenacy is leaving his position as president and COO. Kadenacy's departure is not related to any adverse change in the company's business.

$TKR {{ '2017-06-27T20:29:35+0000' | timeago}} • Announcement

$TKR agreed to buy Groeneveld Group, a provider of automatic lubrication solutions used in on- and off-highway applications, for about $280MM. The transaction is expected to be accretive to adjusted EPS in 2017. The transaction is expected to close in early July and will be funded with a combination of cash and debt.

$VMI {{ '2017-06-27T11:53:17+0000' | timeago}} • Announcement

$VMI's BoD appointed Stephen Kaniewski as President and CEO, effective Dec. 31, 2017, the first day of $VMI's FY18. Kaniewski will succeed Mogens Bay, $VMI's Chairman and CEO, who will become Executive Chairman on Dec. 31, 2017, for a transitional period. Kaniewski has been $VMI's President and COO since October 2016.

$RS {{ '2017-06-19T20:58:17+0000' | timeago}} • Announcement

$RS continues to believe that it can sustain a reported LIFO gross profit margin within the range of 27% to 29% for 2Q17. Reliance statement said, "the positive momentum experienced for both demand and pricing trends in the first quarter of 2017 did not accelerate as originally anticipated into the second quarter of 2017."

$RS {{ '2017-06-19T20:49:44+0000' | timeago}} • Announcement

$RS now expects earnings per diluted share to be in the range of $1.30 to $1.40 for 2Q17, downgrading from earlier EPS guidance of $1.50-1.60.

$PH {{ '2017-06-19T11:06:08+0000' | timeago}} • Announcement

Parker Aerospace, a business segment of $PH, said it has been selected by $GE's GE Aviation to provide the lubrication and scavenge pump for the 1,300 to 2,000 shaft-horsepower small turboprop engine currently in development on the Advanced Turboprop (ATP), $GE's new advanced turboprop engine.

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