$HNI (HNI Corp.)

$HNI {{ '2016-04-22T19:06:16+0000' | timeago}} • Webcast

Muscatine, Iowa-based $HNI said its 1Q16 non-GAAP consolidated GM improved 190 BPs versus the prior year to 37.4%. Non-GAAP selling and administrative expenses were down versus the prior year due to broad-based cost reductions, partially offset by strategic investments in incentive-based compensation.

$DBD {{ '2018-01-11T16:12:31+0000' | timeago}} • Announcement

E-commerce company $DBD has appointed Mark Brewer as SVP and Managing Director of Global Retail. He will be reporting to interim co-CEO Juergen Wunram. Prior to joining Diebold, Brewer served DXC Technology as Global Vice President of Enterprise and Cloud Applications. Earlier, he held several key roles at IBM.

$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.

$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.

$IRM {{ '2018-01-10T21:34:59+0000' | timeago}} • Announcement

$IRM completed its acquisition of the U.S. operations of IO Data Centers LLC for a total purchase price at closing amounted to $1.34Bil.

$DBD {{ '2018-01-09T19:54:19+0000' | timeago}} • Announcement

$DBD announced that Arvin Jawa has joined the company as Vice President, Retail Strategy. He reports to Stefan Merz, Senior Vice President, Corporate Strategy and Development. Jawa joins $DBD from Vera Bradley Designs.

$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.

$WSO {{ '2018-01-02T13:05:39+0000' | timeago}} • Announcement

$WSO declared a regular quarterly cash dividend of $1.25 on each outstanding share of its Common and Class B common stock. The cash dividend is payable on Jan 31, 2018 to shareholders of record at the close of business on Jan 16, 2018.

$IRM {{ '2017-12-22T12:06:43+0000' | timeago}} • Announcement

$IRM, which provides storage management services, has acquired India-based OEC Records Management for about $18MM. The buyout is in line with Iron Mountain’s objective for growing its presence in emerging markets like India. The acquisition adds 16 facilities in 10 cities.

$NCR {{ '2017-12-22T12:06:03+0000' | timeago}} • Announcement

$NCR completes the final phase of the previously-announced sale of Interactive Printer Solutions (IPS) division to Interactive Printer Solutions FZCO (IPS FZCO), a member of the Turbon Group of Companies. Financial terms of the transaction were not disclosed.

$PAY {{ '2017-12-21T16:42:37+0000' | timeago}} • Announcement

$PAY appointed Ronald Black and Larry Klane to its BoD. The two appointees will become directors of Verifone effective immediately. Also, the company said Eitan Raff has resigned effective Dec. 19, following a 10-year tenure as a member of Verifone's Board.

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