$GRC (Gorman-Rupp Co.)

$GRC {{ '2016-08-30T10:51:41+0000' | timeago}} • Announcement

Pump manufacturer $GRC said its wholly-owned subsidiary, Patterson Pump Company, has completed a letter of intent for its acquisition of the business of Hollywood, Florida-based Morrison Pump Company, a maker of and service provider for large capacity pumping systems. The terms of the asset purchase were not disclosed.

$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.

$F {{ '2017-07-11T12:52:02+0000' | timeago}} • Announcement

$F issued a safety recall for certain vehicles. The affected vehicles include: Ford Edge vehicles built at Oakville Assembly Plant, April 25 to June 20, 2017,  Ford Fusion vehicles built at Hermosillo Assembly Plant, May 4 to June 15, 2017, and Lincoln MKZ vehicles built at Hermosillo Assembly Plant, May 4 to June 19, 2017.

$F {{ '2017-07-11T12:50:40+0000' | timeago}} • Announcement

$F issued a safety recall for certain vehicles with 6F35 transmissions to replace torque converters. In the affected vehicles, if the welded studs detach, the torque converter will lose coupling to the engine flexplate. This can result in loss of motive power without warning while driving, which may increase the risk of a crash.

$F {{ '2017-07-11T12:48:47+0000' | timeago}} • Announcement

In North America, $F issued a safety recall for about 6,000 Ford Edge, Fusion and Lincoln MKZ 2.0-liter gas engine-equipped vehicles with 6F35 transmissions that may have torque converters with inadequately welded studs.

$AZZ {{ '2017-07-06T15:58:42+0000' | timeago}} • Webcast

$AZZ expects the Enhanced Powder Coating acquisition to add around $0.03-0.04 to its current outlook. The company is also pursuing a couple of other bolt-on type galvanizing, powder coating acquisitions that it hopes to close during 2Q18.

$AZZ {{ '2017-07-06T15:49:57+0000' | timeago}} • Webcast

$AZZ said in terms of infrastructure in its galvanizing business, the company is seeing improvements in highways, transmission and distribution. Non-residential construction spending is trending upwards. $AZZ is seeing good pickup in non-residential construction in some parts of the US which gives it confidence in its outlook.

$AZZ {{ '2017-07-06T15:31:42+0000' | timeago}} • Webcast

In 1Q18, $AZZ posted revenues of $116.5MM in its Energy segment, down 15.7% compared to 1Q17. In the Metal Coatings segment, revenues fell 11.9% to $92.1MM compared to 1Q17.

$AZZ {{ '2017-07-06T15:28:12+0000' | timeago}} • Webcast

$AZZ's backlog for 1Q18 was $331.6MM, down 6.4% compared to 1Q17. The company expects approx. 41% of the backlog to be delivered outside the US versus 25% in 1Q17. Gross margins for 1Q18 were 23.6% compared to 26.1% in 1Q17.

$F {{ '2017-07-06T14:06:30+0000' | timeago}} • Announcement

$F reported a 15% annual growth in sales in the Chinese market in June, with the number crossing 100K units. Sales at Changan Ford Automobile grew 9% annually, and those at Jiangling Motor Corporation climbed 27%.  Sales at Lincoln were higher by 84% compared to June 2016.

$AZZ {{ '2017-07-06T13:11:33+0000' | timeago}} • Infographic

$AZZ AZZ Incorporated Earnings AlphaGraphic: Q1 2018 Highlights

$AZZ {{ '2017-07-06T10:53:35+0000' | timeago}} • Announcement

As $AZZ posted 1Q18 results, CEO Tom Ferguson said, "Despite the current market conditions, we are cautiously optimistic that fiscal year 2018 will benefit from improved infrastructure project spending during the second half of the year." $AZZ reaffirmed its  FY18 guidance of $2.60-3.10 for EPS and $880-950MM in annual sales.

$AZZ {{ '2017-07-06T10:51:00+0000' | timeago}} • Announcement

With revenue slipping 14.1% to $208.6MM in 1Q18, $AZZ posted a 37.1% slide in net income of $13.2MM or $0.51 per diluted share. Incoming orders in the quarter were $193.8MM while shipments totaled $208.6MM, resulting in a book-to-ship ratio of 0.93 for the metal coating services provider.

$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.

$F {{ '2017-06-29T15:32:47+0000' | timeago}} • Announcement

$F said Felicia Fields, Ford group VP for Human Resources since March 25, 2008, leads the global Human Resources for $F. She reports to Jim Hackett, Ford president and CEO. Fields previously was VP for Human Resources, an appointment she received on Jan. 1, 2005.

$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.

$F {{ '2017-06-28T12:52:39+0000' | timeago}} • Announcement

$F has issued safety recall for about 400,000 Ford Transit vans and buses, for replacing the driveshaft flexible coupling.  They include 2015-17 Ford Transit vehicles built from Jan. 17, 2014, to June 15, 2017. The company also issued safety compliance recall for 4 Ford Police Interceptor Utility vehicles in the US to repair seat attachment studs.

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