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Recreational vehicle manufacturer $ACAT said 4Q16 net sales grew 22.7% to $121.4Bil but fell short of expectations. The company is focused on improving its dealer network, ramping up end-user focused new products, pursuing strategic partnerships and creating a brand marketing powerhouse.
For FY18, $ROK expects diluted EPS in the range of $3.67-3.97, while adjusted EPS is expected in the range of $7.60-7.90. On a reported basis, sales growth is anticipated in the range of 4.5-7.5%, with organic sales growth seen in the range of 3.5-6.5%.
Industrial automation and information products provider $ROK reported a loss for 1Q18, impacted by $479.7MM in charges associated with the US Tax Act. Net loss was $236.4MM or $1.84 per share vs. a profit of $214.7MM or $1.65 per share a year earlier. Revenue however surged 6.46% to $1.58Bil. On an adjusted basis $ROK earned $1.96 per share.
Tech firm $MRCY has received $2.5M order from a defense contractor for storage appliances built with solid-state drive devices, for a military application. The order, which has been booked in Mercury’s 2Q18 earnings, is expected to be shipped over the next several quarters.
$BC said the Brunswick Freshwater Boat Group has appointed David Huguelet as General Manager of the Thunder Jet boat organization, effective immediately, reporting to Dirk Hyde, President - Lund Boats and Thunder Jet. Huguelet has previously worked at Polaris Industries Inc.
$MRCY received a $7.7MM follow-on order from a leading defense prime contractor for BuiltSecure high-density secure memory devices integrated into an airborne command, control and intelligence system. The order was booked in 2Q18 and is expected to be shipped over the next several quarters.
$NDSN, an industrial manufacturer, has acquired rights to the progressive cavity pump product lines, from German firm Infiniti Dosing. Pursuant to the deal, Infiniti founder Jean-Claude Tytgat will join Nordson and work on technology developments. The financial terms of the deal are not known.
Community development company $LGIH said it registered 770 home closings in December 2017, up 65% compared to last year and the highest by the company during a single month. In the fourth quarter, the number of home closings climbed 62% YoY to an all-time high of 1,844. In the whole of 2017, home closings rose 40% to 5,845.
$MRCY announced it received a $12MM order from a defense prime contractor for optimized radio frequency modules ready for integration into an advanced electronic warfare system. The order was booked in the company's 2Q18 and is expected to be shipped over the next several quarters.
$NDSN acquired Sonoscan, an Elk Grove Village, Illinois-based manufacturer of acoustic microscopes and sophisticated acoustic micro imaging systems. The transaction is not material to Nordson results, and terms of the deal were not disclosed.
Cyber security company $MRCY has signed an agreement to buy Themis Computer, which produces IT hardware, for $180MM in cash. Mercury intends to fund the acquisition with its existing revolving credit facility. The transaction is expected to close in the quarter ending March 31, 2018.
$MSA's BoD has elected Nishan J. Vartanian as a director of the company. Mr. Vartanian currently serves as President and COO. His election is part of a planned management succession, and coincides with an announcement made by Chairman and CEO William M. Lambert that he intends to retire as CEO in May of 2018.
For 1Q18, $NDSN expects sales to increase 30-34% compared to 1Q17. This growth includes organic volume up 15-19%, 11% growth from the first year effect of acquisitions, and a positive currency effect of 4%. At the midpoint of this outlook, operating margin is expected to be approx. 22% and GAAP diluted EPS is expected to be $1.29-1.39.
$NDSN reported net income of $80MM or $1.37 per share in 4Q17 compared to $76MM or $1.31 per share in 4Q16. 4Q17 diluted EPS increased 5%, inclusive of $0.07 per diluted share of intangible asset amortization expense for FY17 acquisitions. Sales increased 13% to $574MM versus last year.
$MRCY received a $2.3M follow-on order from an electronics manufacturer for state-of-the-art GPS Selective Availability Anti-Spoofing Modules (SAASM) devices for an undisclosed application. The order that was booked during 2Q18, is expected to be shipped over the next several quarters.