$FELE (Franklin Electric Co., Inc.)

$FELE {{ '2016-07-14T15:22:42+0000' | timeago}} • Announcement

$FELE said it has completed the purchase of the assets of GridSense. GridSense products will now be sold through INCON Power Reliability Systems (PRS), a wholly owned subsidiary of $FELE.

$AYI {{ '2018-01-11T14:05:21+0000' | timeago}} • Webcast

$AYI said it has been relatively acquisitive over its last 7 or 8 years and sees that is still a fundamental part of a way to deploy this excess cash flow. With regard to stock buyback, the company did buy back 2MM shares last year and $AYI has the authorization from the Board for another 2MM shares.

$AYI {{ '2018-01-11T14:02:35+0000' | timeago}} • Webcast

$AYI remains bullish regarding the company’s long-term prospects for continued profitable growth, particularly as the company brings more value-added solutions to the market for both new construction and the conversion of the installed base.

$AYI {{ '2018-01-11T13:58:00+0000' | timeago}} • Webcast

$AYI expects the price of certain LED components to continue to decline so at decelerating pace, while certain other costs, including certain components and commodity costs, especially steel prices, as well as certain employee-related costs due to further investments in associate headcount, wage inflation and health care costs all to rise somewhat.

$AYI {{ '2018-01-11T13:50:52+0000' | timeago}} • Webcast

$AYI said it has additional borrowing capacity of $244.7MM at Nov. 30, 2017 under credit facility, which does not expire until August 2019. $AYI now has authorization to repurchase up to 2MM shares of its common stock. $AYI will continue to seek the best use of its strong cash generation to enhance shareholder value.

$AYI {{ '2018-01-11T13:45:53+0000' | timeago}} • Webcast

$AYI said that its specific issues in the home center/showroom channel and certain international markets, the company was still able to grow its net sales in the U.S. and Canada by about 2% in 1Q18 far outpacing the negative growth rate of the overall lighting industry.

$AYI {{ '2018-01-11T13:06:53+0000' | timeago}} • Announcement

$AYI now sees its blended consolidated effective income tax rate for FY18 to approximate 26-28% before discrete items, compared with nearly 35% for the prior year. $AYI sees tax rate for 2Q18 to be significantly lower than the estimated full-year blended tax rate to cumulatively adjust for the 35.5% tax rate recorded for 1Q18.

$AYI {{ '2018-01-11T13:04:58+0000' | timeago}} • Announcement

$AYI expects certain headwinds in the home center/showroom channel to continue in the near term, giving way to growth in calendar 2H18 as the company brings new solutions to key customers and expand its access to market in this important sales channel.

$AYI {{ '2018-01-11T13:01:09+0000' | timeago}} • Announcement

$AYI's gross profit for 1Q18 declined 2.6% year-over-year. This was due primarily to lower sales, unfavorable price/mix, and higher input costs for certain commodity-related items, such as steel, which were partially offset by lower costs for certain LED components and productivity improvements. Adjusted gross margin fell 80 basis points to 41.6%.

$AYI {{ '2018-01-11T12:58:08+0000' | timeago}} • Announcement

$AYI's sales for 1Q18 declined 1% year-over-year. This was primarily due to a 1% decrease in sales volume and a 1% net unfavorable change in product prices and mix of products sold (price/mix), partially offset by a 1% favorable impact from changes in foreign exchange rates.

$AYI {{ '2018-01-11T12:54:51+0000' | timeago}} • Announcement

$AYI CEO Vernon Nagel said 1Q18 sales results were below its expectations but once again better than market level performance as initial industry data suggests that the growth rate of its key end markets in North America was down low-single digits, which was in line with previous expectations.

$AYI {{ '2018-01-11T12:49:20+0000' | timeago}} • Announcement

$AYI reported a 12.5% drop in 1Q18 earnings due to lower sales as well as last year's gain from sale of an investment in unconsolidated affiliate. Net income fell to $71.5MM or $1.70 per share from $81.7MM or $1.86 per share last year. Net sales declined 1% to $842.8MM. Adjusted EPS decreased 3% to $1.94.

$DOV {{ '2018-01-09T19:40:27+0000' | timeago}} • Announcement

$DOV has acquired Ettlinger Kunststoffmaschinen GmbH and its affiliated entities, based in Germany. Ettlinger, a filtering solutions manufacturer, will become part of the Maag business unit within $DOV’s Fluids segment. Terms of the transaction were not disclosed. Ettlinger's annual revenue was approx. EUR16MM in 2017.

$NDSN {{ '2018-01-08T19:21:07+0000' | timeago}} • Announcement

$NDSN, an industrial manufacturer, has acquired rights to the progressive cavity pump product lines, from German firm Infiniti Dosing. Pursuant to the deal, Infiniti founder Jean-Claude Tytgat will join Nordson and work on technology developments. The financial terms of the deal are not known.

$AYI {{ '2018-01-05T21:47:25+0000' | timeago}} • Announcement

The Board of Directors of $AYI declared a quarterly dividend of $0.13 per share, payable on February 1, 2018 to shareholders of record on January 22, 2018.

$NDSN {{ '2018-01-04T16:05:34+0000' | timeago}} • Announcement

$NDSN acquired Sonoscan, an Elk Grove Village, Illinois-based manufacturer of acoustic microscopes and sophisticated acoustic micro imaging systems. The transaction is not material to Nordson results, and terms of the deal were not disclosed.

$FELE {{ '2018-01-04T12:09:52+0000' | timeago}} • Announcement

$FELE acquired Valley Farms Supply Inc. of Lansing, Michigan for $9MM. Valley Farms is a professional groundwater distributor operating three locations in the State of Michigan and one in the State of Indiana. Valley Farms has about $28MM of consolidated annual sales.

$IEX {{ '2018-01-02T14:44:23+0000' | timeago}} • Announcement

$IEX appointed Mark Beck to its BoD, effective Jan. 1, 2018. Beck has served as President and CEO of JELD-WEN Holding, a door and window manufacturers, since November 2015, and was appointed as a Director of JELD-WEN in May 2016.

$LNN {{ '2017-12-29T10:57:58+0000' | timeago}} • Announcement

$LNN announced a contract with the Province of British Columbia's Ministry of Transportation and Infrastructure for the deployment of its Road Zipper System on the Alex Fraser Bridge, which connects Richmond and New Westminster with North Delta in Greater Vancouver, Canada. Lindsay's revenue from this project is valued at about $14MM.

$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.

$LNN {{ '2017-12-21T12:01:46+0000' | timeago}} • Announcement

$LNN's Infrastructure segment revenues for 1Q18 increased 3% from last year. This was driven by increased sales volume in road safety products and higher Road Zipper System lease revenue. This was partially offset by lower revenue in other product lines.

Recent Transcripts

AYI (Acuity Brands, Inc.)
Tuesday, January 9 2018 - 3:00pm
LNN (Lindsay Corporation)
Thursday, December 21 2017 - 4:00pm
NDSN (Nordson Corporation)
Thursday, December 14 2017 - 1:30pm
ODC (Oil-Dri Corp. of America)
Monday, December 11 2017 - 4:00pm
NCS (NCI Building Systems Inc.)
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PH (Parker-Hannifin Corporation)
Thursday, November 2 2017 - 3:01pm
MUSA (Murphy USA Inc.)
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WTS (Watts Water Technologies, Inc.)
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NC (Nacco Industries Inc.)
Thursday, November 2 2017 - 12:30pm
TPX (Tempur Sealy International Inc.)
Thursday, November 2 2017 - 12:00pm
DNOW (NOW Inc.)
Wednesday, November 1 2017 - 1:00pm
NR (Newpark Resources Inc.)
Tuesday, October 31 2017 - 2:00pm
OIS (Oil States International Inc.)
Friday, October 27 2017 - 2:30pm
GGG (Graco Inc.)
Thursday, October 26 2017 - 3:00pm
PKG (Packaging Corporation of America)
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PAG (Penske Automotive Group, Inc.)
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Wednesday, October 25 2017 - 3:00pm
FELE (Franklin Electric Co., Inc.)
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