$AIN (Albany International Corp.)

$AIN {{ '2016-09-26T11:39:22+0000' | timeago}} • Announcement

$AIN Chairman Emeritus Spencer Standish died on Sept. 22, at the age of 91. He rose through the ranks to Division President, Vice Chairman, and, in 1984, Chairman, a position he held until his retirement in 1998, when he was named Chairman Emeritus and was succeeded on the BoD by his son John Standish and daughter, Christine Standish.

$EMR {{ '2017-07-17T16:47:55+0000' | timeago}} • Announcement

$EMR received 15-year, $20MM contract to modernize controls at San Francisco's largest wastewater plant. The San Francisco Public Utilities Commission has selected $EMR as the design-build contractor for a comprehensive automation project to modernize its Southeast Treatment Plant.

$AIN {{ '2017-07-14T11:53:56+0000' | timeago}} • Announcement

$AIN said it expects to record a pre-tax charge of about $16MM in 2Q17,  associated with revisions in the estimated profitability of two contracts. The charge will be included in 'Cost of Goods Sold' for the company’s AEC segment. Albany will release its 2Q17 financial results on August 1, 2017.

$EMR {{ '2017-07-13T16:30:25+0000' | timeago}} • Announcement

$EMR plans for a major renovation and expansion of the labs and offices at its existing 1MM-square-foot facility in Sidney, Ohio. The project is expected to require $100MM in investments over the next four years. Construction is slated to be completed by 2021.

$EMR {{ '2017-07-10T11:08:05+0000' | timeago}} • Announcement

$EMR appointed Craig Rossman as president of its White-Rodgers business. Rossman succeeds Jack Huether, who has been leading White-Rodgers while also serving as group president of $EMR's sensors and controls businesses. In this leadership role Rossman will report to Huether. These changes were effective July 1.

$EMR {{ '2017-06-21T10:54:21+0000' | timeago}} • Announcement

Tech company $EMR has launched a new dual-mode wireless gateway, expanding its wireless portfolio. The gateway supports IEC 62951 WirelessHART and ISA100.11a industrial wireless communications standards. Emerson said an upcoming release of its dual-mode wireless gateway will be integrated into the Cisco 1552WU.

$EMR {{ '2017-06-12T21:19:56+0000' | timeago}} • Announcement

$EMR signed a Memorandum of Understanding (MoU) with Saudi Aramco during the recently held Saudi-U.S. CEO Forum in Riyadh. The agreement will help bring advanced digitization and automation technologies to one of the leading energy and chemicals companies.

$AIN {{ '2017-05-12T13:58:39+0000' | timeago}} • Announcement

$AIN's BoD declared a quarterly dividend of $0.17 per share on the company’s Class A and Class B Common Stock. The dividend is payable on July 10, 2017, to shareholders of record on June 7, 2017.

$EMR {{ '2017-05-11T20:57:45+0000' | timeago}} • Announcement

$EMR announced the launch of an additional $63MM in strategic investments for its InSinkErator's Southeast Wisconsin operations, including nearly $34MM for a new headquarters and lab facility to be built in Mount Pleasant. $EMR also announced $29MM in planned improvements at InSinkErator’s manufacturing facility in Racine.

$UFI {{ '2017-05-04T18:40:52+0000' | timeago}} • Announcement

$UFI appointed Kevin Hall as CEO and Member of the BoD, effective June 1. Thomas Caudle will continue to serve as $UFI's President, a position he has held since 2016. The company's CFO Sean Goodman has resigned his position effective June 24 to accept employment with another company.

$EMR {{ '2017-05-02T21:24:19+0000' | timeago}} • Webcast

$EMR elected Gloria Flach, corporate VO and COO of $NOC, to its BoD. Flach will serve on the board's compensation committee and finance committee.

$EMR {{ '2017-05-02T19:48:31+0000' | timeago}} • Webcast

$EMR said North America market is recovering and expects to see positive order trends in FY17. The company expects to see improvements in the U.S., Western Europe, China and Rest of Asia, while Canada still expected to be negative for the year.

$EMR {{ '2017-05-02T19:31:22+0000' | timeago}} • Webcast

For Commercial & Residential Solutions business, $EMR expects solid mid-single digit organic sales growth in 3Q17. The company sees lower than 5% organic sales growth in 4Q17 on back of strong sales in 4Q16.

$EMR {{ '2017-05-02T19:06:29+0000' | timeago}} • Webcast

In terms of capital deployment, $EMR continues to bid aggressively on both Automation Solutions and Commercial & Residential Solutions acquisitions, but did not see any success yet. The company said it will be looking to land about $500MM of acquisitions in the next five to six months or will be driving buyback program back in the $300-500MM level.

$EMR {{ '2017-05-02T12:51:05+0000' | timeago}} • Announcement

Industrial engineering company $EMR reported 21% drop in 2Q17 earnings with a flat revenue, mainly due to impact from discontinued operation. Net earnings fell to $292 from $369 per share. Diluted EPS fell 21% to $0.45 from $0.57. Revenues were flat at $3.6Bil.

$CR {{ '2017-05-01T12:38:01+0000' | timeago}} • Announcement

Highly engineered industrial products manufacturer $CR acquired Westlock Controls from $EMR for cash consideration of $40MM. Westlock, with primary operations located in Saddle Brook, New Jersey, had 2016 sales of approx. $32MM.

$PNR {{ '2017-05-01T11:46:24+0000' | timeago}} • Announcement

$PNR has completed the sale of its Valves & Controls business to Emerson Electric Co. $EMR for $3.15Bil, subject to customary working capital adjustments.

$EMR {{ '2017-05-01T10:56:38+0000' | timeago}} • Announcement

$EMR closed purchase of the Valves & Controls business from $PNR for $3.15Bil. The business will be integrated into $EMR's Automation Solutions platform.

$MHK {{ '2017-04-28T12:25:32+0000' | timeago}} • Announcement

$MHK predicts 2Q17 adjusted EPS of $3.53-3.62, including its acquisitions. In 3Q, higher pricing and productivity as well as lower currency headwinds should improve its results.

$MHK {{ '2017-04-28T12:24:54+0000' | timeago}} • Announcement

$MHK reported a rise in 1Q17 earnings as volume, mix and productivity adding about $60MM to operating income. Net income rose to $200.55MM or $2.68 per share from $171.55MM or $2.30 per share last year. Sales grew to $2.22Bil from $2.17Bil. Adjusted EPS increased 14% to $2.72.

$ABB {{ '2017-04-13T15:28:15+0000' | timeago}} • Announcement

$ABB has acquired Austrian industrial automation company Bernecker Rainer Industrie-Elektronik GmbH. The financial details of the transaction were not revealed. The acquisition will help $ABB expand its industrial automation services portfolio.

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