$TKR (The Timken Company)

$TKR {{ '2016-07-08T14:28:20+0000' | timeago}} • Announcement

$TKR said it has acquired Lovejoy, a manufacturer of premium industrial couplings and universal joints, for about $66MM. For the 12 months ending March 31, 2016, Lovejoy sales were about $56MM. $TKR expects the acquisition to add to its earnings in the first year of ownership, excluding one-time transaction costs.

$UTX {{ '2017-07-28T15:02:28+0000' | timeago}} • Announcement

$UTX said Philippe Delpech, President of Otis Elevator, has elected to leave the company to accept another opportunity in Europe. Nora LaFreniere, Otis VP, General Counsel, and Mark George, OtisVice President, Finance & CFO, will lead Otis Elevator in the interim until a successor is named.

$OIS {{ '2017-07-27T16:12:04+0000' | timeago}} • Announcement

The BoD of $OIS has elected Robert Potter as its member. Potter will serve as a Class III Director with an initial term expiring in May 2019.

$RTN {{ '2017-07-27T11:47:27+0000' | timeago}} • Announcement

Sales of $RTN’s Integrated Defense Systems segment grew 5% annually in 2Q17, while sales of the Intelligence, Information and Services division dropped 2%. Sales of the Missile Systems segment climbed 11% YoY, and those of Space and Airborne Systems advanced 4%. There was a 1% gain in the Forcepoint division’s sales.

$RTN {{ '2017-07-27T11:32:20+0000' | timeago}} • Announcement

$RTN revised up its sales outlook for fiscal 2017 to the range of $25.1-$25.6BIl from the earlier forecast of $24.9-$25.4Bil. EPS from continuing operations are currently estimated between $7.35 and $7.5, higher than the previous outlook of $7.25-$7.4. The company reaffirmed its forecast of operating cash flow for 2017 in the range of $2.8-$3.1Bil.

$RTN {{ '2017-07-27T11:22:10+0000' | timeago}} • Announcement

Technology company $RTN reported a decline in 2Q17 profit, despite a 4.2% growth in revenues. Earnings dropped to $553MM or $1.89 per share from $717MM or $2.41 per share a year earlier. The bottomline was impacted by a $0.09 per share charge associated with early retirement of debt. Total bookings decreased 8% YoY to $6.53Bil during the quarter.

$UTX {{ '2017-07-26T15:22:39+0000' | timeago}} • Webcast

$UTX still expects 2018 is going to be the peak for negative engine margin at Pratt & Whitney. $UTX has still coming down on 87% learning curve on the engine. Pratt is working through all things such as engineering changes to drive some cost out of the engine, and overhead support costs for supply chain that will play into product cost next year.

$UTX {{ '2017-07-26T15:10:11+0000' | timeago}} • Webcast

For UTC Aerospace Systems, $UTX expects commercial OEs to be up in the 2H17 a little bit. But overall for the full year, the company expects flattish commercial OE. On the other hand, $UTX does expect the commercial aftermarket business to be up mid-single digit as opposed to the low single digit the company expected before.

$UTX {{ '2017-07-26T15:01:00+0000' | timeago}} • Webcast

Based on 1H17 results and anticipated increases in negative engine margin in 2H17, $UTX still sees Pratt & Whitney full-year operating profit being down $150-200MM, but likely closer to the $200MM end of the range. With solid 1H results at Aerospace Systems, $UTX still sees operating profit to be up $50-100MM for 2017 and likely toward high end.

$UTX {{ '2017-07-26T14:57:29+0000' | timeago}} • Webcast

$UTX expects improvement in 2H17, driven by strength in equipment orders, productivity initiatives, and lower FX headwind. $UTX still sees Climate, Controls & Security (CCS) operating profit to grow by $100-150MM at actual FX in 2017, but likely closer to the low end. $UTX now sees that CCS will see low to mid-single-digit organic sales growth.

$UTX {{ '2017-07-26T14:48:26+0000' | timeago}} • Webcast

$UTX still expects to spend about $3.5Bil on share repurchases this year, completing its plan to return $22Bil to shareowners between 2015 and 2017. On the M&A front, those closed at UTC Climate, Controls & Security and Otis last year are contributing to growth story this year, and $UTX continues to have a placeholder at $1-2Bil for M&A this year.

$UTX {{ '2017-07-26T14:44:52+0000' | timeago}} • Webcast

At UTC Climate, Controls & Security, where $UTX continued to invest in new products and sales resources, organic growth was 5% in 2Q17, with organic growth in the North American residential business up double digits. Equipment orders grew 11%, and that follows strong new equipment orders growth of 7% in 1Q17.

$APH {{ '2017-07-26T14:20:40+0000' | timeago}} • Announcement

$APH has inducted John Craig, former Chairman and CEO of $ENS, to the company’s BoD. Craig was instrumental in creating $ENS in 2000 and subsequently built the company into a global leader in stored energy solutions for industrial applications.

$F {{ '2017-07-26T14:01:22+0000' | timeago}} • Infographic

$F Ford Motor Company Earnings AlphaGraphics: Q2 2017 highlights

$GM {{ '2017-07-26T12:41:26+0000' | timeago}} • Announcement

As $GM got battered with its results on Tuesday, rival $F surpassed the revenue figures for it as it posted 2Q17 earnings on Wednesday. For FY17, Ford now expects adjusted EPS of $1.65 to $1.85 with adjusted effective tax rate at about 15%.

$F {{ '2017-07-26T12:29:15+0000' | timeago}} • Announcement

With revenue inching 1% up to $39.85Bil, $F won the survival battle against $GM in 2Q17. For the quarter, Ford posted a 3.7% rise in net attributable income of $2.04Bil or $0.51 per diluted share with its Auto Segment operating margin rising 1.8 ppts to 5.9%.

$TXT {{ '2017-07-25T20:55:58+0000' | timeago}} • Infographic

$TXT said it has declared a quarterly dividend of $0.02 per share on the company’s common stock. The dividend will be paid on October 1, 2017, to shareholders of record as of September 15, 2017.

$GM {{ '2017-07-25T19:12:04+0000' | timeago}} • Webcast

As the carmaker posted 2Q17 results, $GM expects to return up to $7Bil to shareholders by the end of 2017 through dividends and share buybacks. GM's production is seen to be impacted in 3Q17.

$TGI {{ '2017-07-25T17:09:42+0000' | timeago}} • Announcement

$TGI signed agreement with $BA to provide various hydraulic and mechanical actuation assemblies for legacy $BA programs, including the Next-Generation 737, 737 MAX, 747-8, 767, 767-2C and 777, and for the 777X, $BA's newest family of twin-aisle airplanes.

$RTN {{ '2017-07-25T16:08:57+0000' | timeago}} • Announcement

$RTN said it will integrate the CyberSponse security platform to automate threat detection and response for its managed services customers. This technology collaboration combines CyberSponse's automated incident response and security orchestration capabilities with $RTN's Virtual-Security Operations Center to lower attacker dwell time.

$ATI {{ '2017-07-25T15:24:30+0000' | timeago}} • Announcement

$ATI has inked a Long-Term Purchase Agreement with Pratt & Whitney, a $UTX company, to supply isothermal forgings and nickel-based powder alloys for next-generation jet engines. The deal begins in 2017 and is expected to generate revenues in excess of $1Bil from 2017 to 2030.

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