$AOS (AO Smith Corp.)

$AOS {{ '2016-08-08T18:32:18+0000' | timeago}} • Announcement

$AOS used available borrowing capacity on its $400MM revolving credit facility to fund the $87MM debt-free acquisition. $AOS believes Aquasana's organic revenue, including synergies, could reach $100MM in 2019. The transaction is expected to achieve a return in excess of $AOS' cost of capital in the third year after completing the acquisition.

$IRBT {{ '2017-07-25T21:02:25+0000' | timeago}} • Infographic

Robotics company $IRBT has signed a definitive agreement to acquire privately-held French firm Robopolis SAS for $141MM in cash. The acquisition is expected to contribute incremental revenue of around $25 - $35MM in 2017. The transaction is expected to close in October 2017.

$GE {{ '2017-07-21T18:59:39+0000' | timeago}} • Webcast

John Flannery, who is to be $GE's 13th CEO effective Aug 1, 2017, brushed aside concerns that the company might find itself in a state of limbo during the transition period. He said there is no operational paralysis within the team, adding robust discussions will happen in November regarding the future of course of $GE's operations.

$GE {{ '2017-07-21T18:13:06+0000' | timeago}} • Webcast

$GE reiterated its FY17 net earnings guidance of $1.60-1.70 per share on organic sales growth, which is expected in the range of 3-5%. The company added that EPS is trending to the bottom end of the projected range, as Oil and Gas continues to witness weakness.

$GE {{ '2017-07-21T17:28:46+0000' | timeago}} • Webcast

Cash flow from operations, one of $GE's closely watched financial metric, plummeted 67% to $3.6Bil in 2Q17. The Boston, Massachusetts-based conglomerate said this was primarily due to the sale of its appliances division.

$GE {{ '2017-07-21T12:51:53+0000' | timeago}} • Infographic

$GE General Electric Earnings AlphaGraphics: Q2 2017 highlights

$GE {{ '2017-07-21T11:43:55+0000' | timeago}} • Announcement

$GE CEO Jeff Immelt said, "We expect cash flow to continue to improve throughout the year. We’ve reduced our industrial structural costs year-to-date by $670MM and we are on track to meet or exceed our $1Bil cost reduction target for the year."

$GE {{ '2017-07-21T11:40:52+0000' | timeago}} • Announcement

Primarily due to $GE's shift of focus into industrial operations, its backlog in 2Q17 grew 2% to $327Bil, while orders increased 6% to $28.3Bil. $GE has a history of orders and backlogs growing faster than its revenue.

$GE {{ '2017-07-21T11:38:01+0000' | timeago}} • Announcement

$GE's total revenue in 2Q17 fell 12% to $29.6Bil due to weakness in its Energy Connections segment, which supplies automation products to various industries including marine, mining and oil & gas. Revenue from this segment fell 27% during the quarter.

$GE {{ '2017-07-21T11:35:13+0000' | timeago}} • Announcement

In 2Q17, which marks the end of Jeff Immelt at the helm of $GE after 16 years, the multinational conglomerate posted net earnings that more-than-halved to $1.19Bil, or $0.13 per share. On a non-GAAP basis, EPS declined 45% to $0.28 during the quarter.

$AOS {{ '2017-07-20T19:46:35+0000' | timeago}} • Announcement

Water technology company $AOS said it will join the S&P 500 Index on July 26, 2017. The S&P 500 index is widely regarded as the best single gauge of large-cap U.S.equities. The company will be added to the GICS Building Products Sub-Industry index.

$NEM {{ '2017-07-19T20:55:03+0000' | timeago}} • Announcement

$NEM elected Sheri Hickok and Molly Zhang to its BoD. Hickok is currently General Manager, Global Product Development, Onshore Wind at $GE's Renewable Energy. Zhang currently serves as a director of Cooper Standard Automotive and XG Science as a supervisory board member at GEA Group in Germany.

$LNN {{ '2017-07-18T12:32:02+0000' | timeago}} • Announcement

Irrigation equipment maker $LNN appointed Timothy Hassinger as president and chief executive officer and a member of its board of directors, effective October 16, 2017. Hassinger succeeds retiring President and CEO Rick Parod.

$MSFT {{ '2017-07-18T12:18:43+0000' | timeago}} • Announcement

Kate Johnson to join $MSFT as President and Corporate VP of Microsoft US on Sept 8, 2017. Johnson currently serves as Chief Commercial Officer of GE Digital, a unit of $GE.

$LFUS {{ '2017-07-18T12:16:42+0000' | timeago}} • Announcement

$LFUS has revised its guidance for 2Q17, due to stronger demand exceeding the forecast of electronic segment, The company now expects sales to be in the range of $312-314MM from $301-311MM. GAAP EPS is expected to be about $2.09-2.13 and non-GAAP EPS to be $2.08-2.12.

$AOS {{ '2017-07-11T16:06:35+0000' | timeago}} • Announcement

$AOS elected President and COO Kevin Wheeler to its BoD. Wheeler was named president and COO of the Milwaukee-based water technology company on June 1. He is responsible for its global water heater and boiler operations as well as its global water treatment business and oversees global product engineering and information technology functions.

$GE {{ '2017-07-11T10:55:50+0000' | timeago}} • Announcement

$GE said its subsidiary GE Healthcare is expanding its U.S. healthcare consulting business with the acquisition of Novia Strategies, a healthcare consulting firm, for undisclosed terms. Novia Strategies will become part of GE Healthcare Camden Group. Novia Solutions was not included as a part of this transaction.

$LFUS {{ '2017-07-10T12:51:35+0000' | timeago}} • Announcement

Electrical fuse maker $LFUS purchased the assets of US Sensor Corp., a manufacturer of devices for heat sensing applications, as part of expanding its sensor portfolio. Littelfuse did not reveal the financial terms of the transaction. The acquisition is not expected to have any material impact on the company’s 2017 revenue and earnings projections.

$ATI {{ '2017-07-05T15:28:15+0000' | timeago}} • Announcement

Specialty materials manufacturer $ATI has entered into joint venture with $GE company GE Aviation for developing technology to produce a meltless titanium alloy powder. As per the deal, the companies will set up a new R&D pilot production facility. The alloy will be used in additive manufacturing applications, including 3D printing.

$GE {{ '2017-07-03T17:17:55+0000' | timeago}} • Announcement

$GE closed the combination of GE's oil and gas business with Baker Hughes, a GE company. Under the deal, Baker Hughes was converted to a partnership and GE contributed its Oil & Gas business into that partnership. Meanwhile, $7.4Bil was contributed by GE to the partnership, which will be used to fund the cash dividend to Baker Hughes shareholders.

$BHI {{ '2017-07-03T16:00:37+0000' | timeago}} • Announcement

Oilfield solutions provider $BHI said it has completed the transaction combining the company with the oil and gas business of $GE. Baker Hughes shares will begin trading on the New York Stock Exchange under the symbol BHGE on July 5, 2017. Meanwhile, the existing symbol, BHI, will be delisted from the stock exchange on July 3, 2017.

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