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$POOL has signed an exclusive distribution agreement with Alawwal Properties Corp. Under the terms of the agreement, $POOL has granted Alawwal the exclusive right within the Middle East and North Africa Region to market and sell the PoolSafe product, and to form revenue share partnerships with its clients and relationships.
For full-year 2018, $WHR expects GAAP diluted EPS of $12.45-13.45 and ongoing diluted EPS of $14.50-15.50. The company expects to generate cash from operating activities of approx. $1.7-1.8Bil and free cash flow of approx. $1-1.1Bil for FY18.
$WHR reported a net loss of $268MM or $3.69 per share in 4Q17 compared to a net income of $180MM or $2.36 per share in 4Q16. This includes a one-time non-cash charge of approx. $420MM related to tax reform. 4Q17 ongoing diluted EPS was $4.10. Net sales were $5.7Bil, up 1% compared to the prior-year period.
$KAMN said its Aerospace segment received a contract modification in excess of $17MM for the procurement of Joint Programmable Fuzes. The award is an additional order under Option 13 of the JPF contract with the US Air Force. The modification increases the total value of Option 13 to more than $102MM, all of which was in backlog at Dec. 31, 2017.
$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, 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.
$AVT announced the availability of the AT&T IoT Starter Kit (2nd Generation), a new System-on-Module IoT solution that provides a complete development environment for both prototyping and production of sensor-to-cloud applications and services. This kit is fully compliant with FCC, PTCRB, and AT&T network certifications for operations in the US.
$AIT has agreed to acquire FCX Performance, Inc. for approx. $768MM. The deal is expected to close within 30 days. The acquisition is expected to contribute about $550MM in sales and $68MM in EBITDA in the first 12 months of applied ownership. The deal is expected to be accretive in FY19 after recognition of one-time transaction costs in FY18.
$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.