$GNTX (Gentex Corp.)

$GNTX {{ '2016-04-22T17:22:07+0000' | timeago}} • Webcast

Electro-optical technology products manufacturer $GNTX said that during 1Q16 the company paid down $15MM on its revolver loan, additionally to the scheduled principle repayment on the company's term loan. Engineering, research & development and SG&A expenses rose 7% for the quarter to $23.1MM and 14.8MM respectively.

$TXT {{ '2017-10-16T21:18:50+0000' | timeago}} • Announcement

$TXT has secured a fleet order from Babcock Scandinavian Air Ambulance for 11 aircraft. The aircraft will support Babcock’s contract with Air Ambulance Services of Norway to provide communities across Norway with vital air ambulance support. The deliveries are scheduled throughout the next 18 months and are expected to conclude in 2019.

$CMI {{ '2017-10-16T16:41:35+0000' | timeago}} • Announcement

$CMI said it is acquiring the assets of Brammo, Inc., which designs and develops battery packs for mobile and stationary applications. Adding Brammo's battery pack expertise and resources is an important milestone in $CMI's efforts to become a global electrified power leader. This acquisition is expected to close by the end of this calendar year.

$HON {{ '2017-10-13T17:27:00+0000' | timeago}} • Announcement

$HON named Brian S. Cook as Vice President of Corporate Development and Global Head of Mergers & Acquisitions. He succeeds Anne Madden, the present Senior Vice President and General Counsel. In this new role, he will report to Senior Vice President and CFO Thomas A. Szlosek.

$TXT {{ '2017-10-12T20:13:02+0000' | timeago}} • Announcement

$TXT is expanding channel partner Aerolineas Ejecutivas’ role to include new aircraft sales and service for its full jet and turboprop portfolio. Customers can now access the company’s complete new aircraft portfolio through Aerolineas Ejecutivas, expanding upon its role as a sales representative for Textron Aviation’s special mission aircraft.

$HON {{ '2017-10-12T13:46:05+0000' | timeago}} • Announcement

$HON has released an upgrade to its CNX-900 router that provides business aviation operators the benefits of wireless database loading. Connected Aircraft equipped with $HON’s Primus Epic avionics system can now remotely stage their flight navigation databases onto aircraft from $HON’s secure server, alleviating manual hassle and logistics.

$CAT {{ '2017-10-11T20:03:56+0000' | timeago}} • Announcement

$CAT maintains its quarterly dividend of $0.78 per share of common stock. The dividend is payable on November 20,2017 to shareholders of record on October 23, 2017.

$HON {{ '2017-10-11T14:09:12+0000' | timeago}} • Announcement

$HON said effective immediately, Gary Michel will serve as President and CEO of the Home and Building Technologies strategic business group. He will report to CEO Darius Adamczyk. Michel succeeds Terrence Hahn, who will move to a leadership role reporting to Adamczyk and will help prepare the Homes and ADI businesses for the spin.

$HON {{ '2017-10-11T14:08:56+0000' | timeago}} • Announcement

$HON expects 3Q17 sales to be $10.1Bil, up 3% reported and up 5% organic, and EPS to be $1.75, up 9% reported and up 16% ex-divestitures, normalized for tax at 26%, driven by strong results at its Aerospace and Performance Materials and Technologies business groups. The company also raised its FY17 EPS guidance to $7.05-7.10.

$HON {{ '2017-10-11T14:08:39+0000' | timeago}} • Announcement

$HON plans to spin off its Homes product portfolio and ADI global distribution business, as well as its Transportation Systems business, into two standalone, publicly-traded companies. The transactions are expected to be tax-free and completed by 2018-end. The Smart Energy business unit will be integrated into the Process Solutions unit.

$CMI {{ '2017-10-10T19:44:27+0000' | timeago}} • Announcement

$CMI has declared a quarterly cash dividend of $1.08 per share on its common stock. The dividend is payable on December 1, 2017, to shareholders of record on November 17, 201.

$HRC {{ '2017-10-10T14:13:09+0000' | timeago}} • Announcement

$HRC's Welch Allyn subsidiary said its home medical devices will now be offered as part of $HON’s remote patient monitoring platform. The Welch Allyn Home 1700 Series Blood Pressure Monitor and Welch Allyn Home Weight Scale will be offered as standard peripherals with Honeywell Life Care Solution's Genesis Touch remote patient monitoring kits.

$HON {{ '2017-10-10T12:51:22+0000' | timeago}} • Announcement

$HON said its Smart Energy business unit, previously part of HBT, will immediately be integrated into the Process Solutions unit within Honeywell Performance Materials and Technologies. The Smart Energy unit's wide array of meter offerings will complement an existing meter portfolio within Process Solutions.

$HON {{ '2017-10-10T12:48:52+0000' | timeago}} • Announcement

$HON said Gary Michel will serve as president and CEO of its Home and Building Technologies (HBT) strategic business group, with immediate effect. Michel succeeds Terrence Hahn, who will move to help prepare the Homes and ADI businesses for the spin.

$HON {{ '2017-10-10T12:47:19+0000' | timeago}} • Announcement

$HON expects 3Q17 sales of $10.1Bil, up 3% reported and up 5% organic, and EPS of $1.75, up 9% reported and up 16% ex-divestitures normalized for tax at 26%. This is driven by strong results at its Aerospace and Performance Materials and Technologies business groups. For 2017, $HON lifted low-end of EPS outlook by 5 cents to $7.05-7.10.

$HON {{ '2017-10-10T12:43:45+0000' | timeago}} • Announcement

$HON announced the results of its comprehensive portfolio review, including its intention to separately spin off its Homes product portfolio and ADI global distribution business, as well as its Transportation Systems business, into two stand-alone, publicly-traded companies. The planned separation transactions are expected to close by end of 2018.

$HON {{ '2017-10-09T13:58:35+0000' | timeago}} • Announcement

$HON has named Anne T. Madden as SVP and General Counsel, reporting to President and CEO Darius Adamczyk. Madden succeeds Kate Adams, who decided to leave $HON to become General Counsel at $AAPL.

$HON {{ '2017-10-09T13:51:50+0000' | timeago}} • Announcement

The Global Business Aviation Outlook released by $HON forecasts up to 8,300 new business jet deliveries worth $249Bil from 2017-2027, down 2-3% from the 2016 10-year forecast. This includes deliveries of approx. 620-640 new jets in 2017, a decline of roughly 30 aircraft YoY.

$AAPL {{ '2017-10-06T15:51:42+0000' | timeago}} • Announcement

$AAPL said Katherine Adams, formerly SVP and general counsel of $HON, will join the company as general counsel and SVP of Legal and Global Security. She will report to CEO Tim Cook and serve on its executive team. The tech giant added that Bruce Sewell, who has served as its general counsel since 2009, will be retiring at 2017-end.

$MMM {{ '2017-10-05T19:53:45+0000' | timeago}} • Announcement

$MMM announced the early tender results of its previously announced tender offers to purchase for cash up to $400MM aggregate principal amount of its 5.70% notes due 2037 and 6.375% debentures due 2028. The company said it has exercised its option to have an early settlement date on Oct. 6, 2017

$JCI {{ '2017-10-05T11:28:33+0000' | timeago}} • Announcement

$JCI has completed the previously announced sale of its Scott Safety business to $MMM for approx $2Bil. Net cash proceeds from the transaction were $1.9Bil, and will be used to repay a portion of Tyco International Holding Sarl's $4Bil of merger-related debt.

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