$NP (Neenah Paper, Inc.)

$NP {{ '2016-05-12T15:57:45+0000' | timeago}} • Webcast

$NP said that at the end of 1Q16, debt was $239MM and debt-to-EBITDA ratio was around 1.5 with over $100MM of borrowing capacity available on existing credit facilities. The company's effective tax rate was 33% vs. 37% reported in 1Q15. The lower rate is largely due to differences in timing of R&D credits recognized all at once in 4Q15.

$WST {{ '2017-07-20T12:45:48+0000' | timeago}} • Announcement

$WST's BoD approved a 4Q17 dividend of $0.14 per share, a 7.7% increase over the $0.13 per share declared for each of the four preceding quarters. The dividend is payable on Nov. 1, 2017 to shareholders of record on Oct. 18, 2017.

$GWW {{ '2017-07-19T19:32:05+0000' | timeago}} • Webcast

In the US segment, $GWW said it expects volume growth of 6-8% in the back half of the year, based on price changes. The company, meanwhile, did not give a month-wise update on volume growth.

$GWW {{ '2017-07-19T18:59:11+0000' | timeago}} • Webcast

$GWW said its mid-size customer volume continued to accelerate throughout 2Q17 and was positive for the first time in five years during the quarter. The company added that currently, about 50% of the mid-size customer volume is on more competitive pricing.

$GWW {{ '2017-07-19T14:00:08+0000' | timeago}} • Infographic

$GWW W.W. Grainger, Inc. Earnings AlphaGraphic: Q2 2017 Highlights

$GWW {{ '2017-07-19T12:44:44+0000' | timeago}} • Announcement

$GWW's sales for the US segment were up 1% YoY in 2Q17, driven by a 5 percentage point increase from volume. Canada segment sales fell 3% in US dollars, while sales for the Other Businesses increased 11% during this period.

$GWW {{ '2017-07-19T12:41:24+0000' | timeago}} • Announcement

In the US segment, $GWW's gains from the sale of assets in 2Q17 were offset by restructuring costs. The Canadian business announced plans to close 59 branches in 2017 as part of restructuring. $GWW also announced the wind-down of its business in Colombia. Restructuring items represented $1.07 per share in charges.  Excluding them, EPS decreased 5%.

$GWW {{ '2017-07-19T12:37:57+0000' | timeago}} • Announcement

$GWW CFO Ron Jadin announced that he will be retiring at 2017-end. Jadin joined Grainger in 1998 and has served in various financial roles including as CFO since 2008.

$GWW {{ '2017-07-19T12:34:09+0000' | timeago}} • Announcement

Despite a drastic fall in earnings in 2Q17, $GWW reiterated its 2017 sales and EPS guidance of sales growth of 1-4% and adjusted EPS of $10-11.30. CEO DG Macpherson said, "Outside the US, we took aggressive action to streamline our portfolio and focus on profitable businesses. Based on what we are seeing, we are reiterating our 2017 guidance."

$GWW {{ '2017-07-19T12:26:52+0000' | timeago}} • Announcement

Industrial supplies company $GWW saw 43% fall in net earnings in 2Q17, even as sales increased 2% to $2.61Bil. The sales growth during the quarter was spurred by its continued volume growth from the pricing initiatives in the US. Net earnings were $98MM, or $1.67 per share, compared to $173MM, or $2.79 per share in the year-over period.

$WRK {{ '2017-07-17T20:42:46+0000' | timeago}} • Announcement

$WRK completed its acquisition of the assets of Island Container Corp. and Combined Container Industries LLC, which together are independent producers of corrugated boxes, sheets and point-of-purchase displays.

$VMC {{ '2017-07-14T20:48:34+0000' | timeago}} • Announcement

The BoD of $VMC declared a quarterly cash dividend of $0.25 per share on its common stock, payable on September 8, 2017, to shareholders of record on August 23, 2017.

$RRD {{ '2017-07-05T13:57:21+0000' | timeago}} • Announcement

Marketing solutions provider $RRD has signed a new agreement with healthcare company Vizient, effective this month. Under the three-year agreement, Vizient member hospitals will get access to R.R. Donnelley’s extensive end-to-end communication offerings for forms, commercial and promotional print initiatives.

$SPLS {{ '2017-06-29T13:07:12+0000' | timeago}} • Announcement

$SPLS entered into definitive agreement to be acquired by investment funds managed by Sycamore Partners for $10.25 per share in cash or about $6.9Bil. $SPLS' BoD unanimously approved the merger agreement and recommends that all $SPLS stockholders vote in favor of the transaction. The transaction is expected to close no later than December 2017.

$WRK {{ '2017-06-21T20:35:32+0000' | timeago}} • Announcement

$WRK has agreed to acquire the assets of Island Container Corp. and Combined Container Industries LLC. $WRK will pay total consideration representing an EBITDA multiple of less than 4.5 times on a post-synergy basis. The consideration will be made in cash. The transaction is subject to customary closing conditions.

$THS {{ '2017-06-13T17:03:37+0000' | timeago}} • Announcement

Packaged foods manufacturer $THS appointed Robert B Aiken Jr. President and COO, effective July 10, 2017. Aiken, who served as President and CEO of $ESND earlier, will succeed Dennis F Riordan who has announced his retirement. Prior to serving Essendant, Aiken was President and CEO of US Foods.

$ESND {{ '2017-06-13T12:40:55+0000' | timeago}} • Announcement

$ESND appointed Richard Phillips, its Group President of Industrial, as interim President and CEO, effective immediately. Phillips succeeds Robert Aiken, Jr., who has resigned as President and CEO and as a Director to pursue an opportunity outside the company. $ESND retained independent search firm to assist in process of selecting permanent CEO.

$SPLS {{ '2017-06-12T21:22:32+0000' | timeago}} • Announcement

The BoD of $SPLS declared a quarterly cash dividend on its common stock of $0.12 per share. The dividend is payable on July 13, 2017, to shareholders of record on June 23, 2017.

$WRK {{ '2017-06-09T19:00:33+0000' | timeago}} • Announcement

$WRK acquired five corrugated converting facilities in Ohio, Pennsylvania, and Louisiana from US Corrugated. The five facilities will operate as part of $WRK’s Corrugated Packaging segment. The transaction is expected to be accretive to earnings in year one.

$WRK {{ '2017-06-06T15:48:50+0000' | timeago}} • Announcement

$WRK completed acquisition of $MPSX. $WRK refinanced $MPSX debt as part of the transaction.

$NP {{ '2017-05-26T10:58:24+0000' | timeago}} • Announcement

$NP's BoD authorized the renewal of the company's annual share repurchase program for up to $25MM of its outstanding common stock over the next 12 months ending May 31, 2018.

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