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$PLL 3Q15 10-Q: Provision for income taxes was up 43.5% to $22.11MM vs. $15.41MM in 3Q14. PLL effective tax rate was 18.7% vs. 14.8% in 3Q14. As of April 30, 2015, the amount of net unrecognized income tax benefits that, if recognized, would impact the ETR was $104,594.
$DHR said it expects 1Q18 earnings per share to be in the range of $0.71 to $0.74. Adjusted earnings are estimated to be between $0.90 per share and $0.93 per share. For fiscal 2018, the company anticipates that GAAP earnings per share will be in the $3.50-$3.60 range, and non-GAAP earnings between $4.25 per share and $4.35 per share.
Technology firm $DHR reported strong growth in 4Q17 earnings as an upturn in sales more than offset higher taxes. Sales moved up 11% to $5Bil, resulting in a 13% increase in earnings to $1.21 per share. Non-GAAP earnings advanced 13% to $1.19 per share. Strong performance by the recently acquired businesses also contributed to the topline growth.
Semiconductor equipment maker $LRCX slipped into the negative territory in 2Q18, hurt by a substantial income tax expense. The loss was $0.06 per share, compared to earnings of $1.81 per share a year earlier. Meanwhile, revenues surged 37% YoY to $2.58Bil, supported by strong demand across all markets. Total shipments came in at $2.63Bil.
$HRS appointed retired U.S. Army Major General Jeff Smith as VP of Business Development, supporting the company's strategic relationships with the U.S. Army, U.S. Special Operations Command and other key industry partners. Most recently, he was SVP, Strategic Initiatives at Sallyport Global Holdings.
Specialty manufacturer $ESL appointed Stephen Nolan as CFO, effective February 5, 2018, to succeed Robert George. Most recently, Nolan served Vista Outdoor as CFO. Earlier, he served Alliant Techsystems for a decade, in various strategic and operational management roles. Meanwhile, George will continue with Esterline in a special advisory role.
$DOV has acquired Ettlinger Kunststoffmaschinen GmbH and its affiliated entities, based in Germany. Ettlinger, a filtering solutions manufacturer, will become part of the Maag business unit within $DOV’s Fluids segment. Terms of the transaction were not disclosed. Ettlinger's annual revenue was approx. EUR16MM in 2017.
$LNN announced a contract with the Province of British Columbia's Ministry of Transportation and Infrastructure for the deployment of its Road Zipper System on the Alex Fraser Bridge, which connects Richmond and New Westminster with North Delta in Greater Vancouver, Canada. Lindsay's revenue from this project is valued at about $14MM.
$LNN's Infrastructure segment revenues for 1Q18 increased 3% from last year. This was driven by increased sales volume in road safety products and higher Road Zipper System lease revenue. This was partially offset by lower revenue in other product lines.
$LNN's Irrigation segment revenue for 1Q18 grew 15% from last year. North America irrigation revenue jumped 28% driven by an increase in irrigation system sales volume that reflected a more traditional fall selling selling season. International irrigation revenues declined 4% on a lower level of project sales while certain markets had higher sales.
$LNN reported a jump in 1Q18 earnings driven by higher irrigation system sales volume, an increase in sales volume in road safety products and higher Road Zipper System lease revenue. Net income rose to $3.19MM or $0.30 per share from $0.87MM or $0.08 per share last year. Operating revenue grew 13% to $124.5MM.
Textron Aviation, a $TXT company, begun delivery to CanWest Air, a division of Nor-Alta Aviation Leasing Inc. When completed, this delivery will include nine Beechcraft King Air turboprop aircraft -- 8 King Air 250 and 1 King Air 350 aircraft -- which CanWest is buying to provide air ambulance support to Alberta Health Services in Alberta, Canada.
$TXT company Textron Aviation has obtained supplemental type certificate approval for the ‘Gogo AVANCE L5 connectivity system upgrade’ for its Cessna Citation X business jet. The system providers faster inflight connectivity speeds and enhanced network capacity. The company plans to introduce the AVANCE L5 system to more products.