$CR (Crane Co.)

$CR {{ '2016-04-25T21:27:09+0000' | timeago}} • Announcement

In 1Q16, $CR posted sales of $248MM in its largest segment Fluid Handling, down 10% compared to 1Q15. In Payment & Merchandising Technologies, sales were flat at $172MM versus 1Q15. In Aerospace & Electronics, sales increased 6% to $172MM while in Engineered Materials, sales dropped 2% to $68MM.

$CR {{ '2018-01-11T16:16:13+0000' | timeago}} • Announcement

$CR completed the previously announced acquisition of Crane Currency. Crane said the combined businesses will be stronger together, offering end-to-end currency and security solutions, from substrate manufacturing and banknote design and printing to micro-optics and banknote validation.

$COL {{ '2018-01-11T15:45:20+0000' | timeago}} • Announcement

$COL's shareowners overwhelmingly approved the proposed acquisition of $COL by $UTX. $COL will be combined with UTC Aerospace Systems to create a new United Technologies business called Collins Aerospace Systems. The proposed transaction is expected to close by 3Q18.

$AIR {{ '2018-01-10T14:02:05+0000' | timeago}} • Announcement

$AIR declared a quarterly cash dividend of $0.075 per share, payable on February 5, 2018 to stockholders of record as of January 22, 2018.

$AIR {{ '2018-01-10T13:54:51+0000' | timeago}} • Announcement

$AIR's Chairman and CEO David P. Storch announced his plan to retire effective May 31, 2018. President and COO John M. Holmes was elected to become CEO effective June 1, 2018.

$MSM {{ '2018-01-10T12:40:41+0000' | timeago}} • Announcement

$MSM said its sales target for 2Q18 is between $761MM and $775MM, with average daily sales estimated to grow 9.1% annually. The company expects earnings per share in the range of $1.93 to $2.03 for the second quarter. Adjusted earnings, excluding special items, are forecasted between $1.00 per share and $1.04 per share.

$MSM {{ '2018-01-10T12:34:18+0000' | timeago}} • Announcement

$MSM, a distributor of metalworking and maintenance operations, reported a marked rise in 1Q18 profit on higher sales, helped by productivity growth and inputs from acquisitions. First quarter profit was $60MM or $1.05 per share, up from $54MM or $0.96 per share reported in the same period last year. Total sales moved up 12% to $769MM.

$A {{ '2018-01-09T19:50:20+0000' | timeago}} • Announcement

$A acquired Cork, Ireland-based Luxcel Biosciences, a developer of real-time fluorescence plate-reader based in vitro cell assay kits. This acquisition expands $A's cell analysis portfolio with the addition of easy-to-use assay kits that are compatible with industry standard plate-readers.  Financial terms of the deal were not disclosed.

$MSM {{ '2018-01-03T14:15:57+0000' | timeago}} • Announcement

$MSM's BoD declared a cash dividend of $0.58 per share, representing a 21% increase from the previous regular quarterly dividend of $0.48 per share. The dividend is payable on Jan. 30, 2018 to shareholders of record at the close of business on Jan. 16, 2018. The ex-dividend date is Jan. 12, 2018.

$DNOW {{ '2017-12-28T12:28:46+0000' | timeago}} • Announcement

$DNOW has appointed Paul M. Coppinger to the company’s BoDs effective Dec. 27, 2017. Coppinger fills a vacancy on the board, and his term will expire at 2020. He has served as Division President of Weir Oil & Gas, which is part of Weir Group PLC, a publicly traded company listed on the London Stock Exchange, since 2014.

$AIR {{ '2017-12-21T21:38:07+0000' | timeago}} • Announcement

$AIR swung to net loss in 2Q18, hurt by the non-cash asset impairment and related charges of $54.2MM. Net loss was $22.6MM or $0.66 per share compared to net income of $12.1MM or $0.35 per share a year ago. Sales rose 6% to $449.7MM, aided by the strong sales growth in Aviation Services segment. Excluding charges, AAR Corp earned $0.35 per share.

$NR {{ '2017-12-20T14:34:26+0000' | timeago}} • Announcement

$NR announced the appointment of Rose M. Robeson to its BoD, effective January 1, 2018. Ms. Robeson currently serves on the Board of Directors of two industry companies including SM Energy Company and AMGP GP LLC.

$TXT {{ '2017-12-19T15:57:39+0000' | timeago}} • Announcement

Textron Aviation, a $TXT company, begun delivery to CanWest Air, a division of Nor-Alta Aviation Leasing Inc. When completed, this delivery will include nine Beechcraft King Air turboprop aircraft -- 8 King Air 250 and 1 King Air 350 aircraft -- which CanWest is buying to provide air ambulance support to Alberta Health Services in Alberta, Canada.

$PH {{ '2017-12-19T12:29:08+0000' | timeago}} • Announcement

Tech firm $PH said the US Department of Justice has filed a final judgment in the Delaware Court, seeking approval of settlement in a complaint regarding the company’s qualified aviation ground fuel filtration business. As per the terms, Parker will divest the Facet filtration unit, which was part of the CLARCOR businesses it had acquired earlier.

$TXT {{ '2017-12-18T20:31:44+0000' | timeago}} • Announcement

$TXT company Textron Aviation has obtained supplemental type certificate approval for the ‘Gogo AVANCE L5 connectivity system upgrade’ for its Cessna Citation X business jet. The system providers faster inflight connectivity speeds and enhanced network capacity. The company plans to introduce the AVANCE L5 system to more products.

$B {{ '2017-12-11T16:20:55+0000' | timeago}} • Announcement

$B appointed Peter Gutermann to the position of SVP, General Counsel and Secretary. Prior to joining $B, Gutermann served as Corporate VP, Chief Ethics & Compliance Officer for $UTX.

$B {{ '2017-12-11T15:11:51+0000' | timeago}} • Announcement

Engineering company $B has appointed Peter Gutermann as SVP and General Counsel. Most recently, Gutermann served United Technologies Corp.  as Corporate Vice President and Chief Ethics/Compliance Officer. Earlier, he held various roles within UTC, including VP and General Counsel of Propulsion/Aerospace Systems.

$COL {{ '2017-12-11T14:12:09+0000' | timeago}} • Announcement

$COL said it will convene a special meeting of its shareowners on Jan. 11, 2018 to vote on the proposals in connection with the proposed acquisition of $COL by $UTX. $COL shareowners of record on Dec. 8, 2017 will be entitled to vote and the annual meeting is set for Feb. 1, 2018.

$XYL {{ '2017-12-11T13:46:00+0000' | timeago}} • Announcement

$XYL agreed to buy Pure Technologies Ltd. for an enterprise value of $397MM. Pure's BoD has unanimously approved the transaction and recommends that Pure shareholders vote in favor of the transaction. It is expected to close in 1Q18. Xylem expects to achieve at least $12MM in annual cost synergies within two years of closing.

$B {{ '2017-12-08T13:46:44+0000' | timeago}} • Announcement

Technology company $B has appointed Richard Hipple to its Board of Directors, effective immediately. Currently, Hipple serves as Executive Chairman of manufacturing firm Materion Corp. He assumed that position this year, after serving the company as Chairman and CEO since 2006. Earlier, he had held various leadership roles in the steel industry.

$CR {{ '2017-12-06T13:05:18+0000' | timeago}} • Announcement

$CR lowered its 2017 EPS guidance to $4.38-4.48 from $4.41-4.51, given incremental transaction related costs anticipated for 4Q17. Excluding transaction related charges, the company still expects 2017 EPS of $4.45-4.55. For 2018, $CR predicts adjusted EPS of $4.85-5.05, including a core sales growth assumption of up 2-4%.

Recent Transcripts

MSM (MSC Industrial Direct Co. Inc.)
Wednesday, January 10 2018 - 1:30pm
AIR (AAR Corp.)
Thursday, December 21 2017 - 9:45pm
NCS (NCI Building Systems Inc.)
Thursday, December 7 2017 - 2:00pm
A (Agilent Technologies Inc.)
Monday, November 20 2017 - 9:30pm
CVU (CPI Aerostructures Inc.)
Wednesday, November 8 2017 - 1:30pm
TGI (Triumph Group, Inc.)
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KTOS (Kratos Defense & Security Solutions, Inc.)
Thursday, November 2 2017 - 9:00pm
PH (Parker-Hannifin Corporation)
Thursday, November 2 2017 - 3:01pm
WTS (Watts Water Technologies, Inc.)
Thursday, November 2 2017 - 1:00pm
TTMI (TTM Technologies Inc.)
Wednesday, November 1 2017 - 8:30pm
DNOW (NOW Inc.)
Wednesday, November 1 2017 - 1:00pm
NPO (EnPro Industries, Inc.)
Tuesday, October 31 2017 - 2:00pm
NR (Newpark Resources Inc.)
Tuesday, October 31 2017 - 2:00pm
XYL (Xylem Inc.)
Tuesday, October 31 2017 - 1:00pm
MSM (MSC Industrial Direct Co. Inc.)
Tuesday, October 31 2017 - 12:30pm
TOWR (Tower International, Inc.)
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