$FTK (Flotek Industries Inc.)

$FTK {{ '2016-08-01T13:21:26+0000' | timeago}} • Announcement

$FTK said it closed acquisition of International Polymerics and affiliates. $FTK paid about $7.9MM in cash and issued about 248,000 common shares as consideration for acquisition. Donald Bramblett will remain President of International Polymerics and will report to Josh Snively, EVP of $FTK who oversees its chemistry manufacturing efforts.

$SXT {{ '2017-07-20T21:07:04+0000' | timeago}} • Announcement

$SXT's BoD declared a regular quarterly cash dividend on its common stock of $0.30 per share. The dividend will be paid on Sept. 1, 2017, to shareholders of record on Aug. 4, 2017.

$STLD {{ '2017-07-19T22:47:22+0000' | timeago}} • Announcement

$STLD remains optimistic that macroeconomic and market conditions are in place to benefit domestic steel consumption in the coming years. The company also believes that North American automotive steel consumption will be steady and that there will be additional growth in the energy and construction sectors.

$STLD {{ '2017-07-19T22:40:19+0000' | timeago}} • Announcement

Steel producer and metal recycler $STLD reported higher 2Q17 earnings, driven by steady steel demand from the automotive sector and surge in revenue. Net income increased 7.73% to $152.94MM or $0.63 per share from $141.96MM or $0.58 per share a year ago. Revenue for the quarter jumped 18.12% to $2.39Bil.

$AES {{ '2017-07-17T21:30:02+0000' | timeago}} • Announcement

$AES declared a quarterly common stock dividend of $0.12 per share payable on August 17, 2017, to shareholders of record on August 3, 2017.

$SEE {{ '2017-07-07T20:58:00+0000' | timeago}} • Announcement

$SEE has declared a quarterly cash dividend of $0.16 per share on its common stock. The dividend is payable on September 15, 2017 to stockholders of record as of September 1, 2017.

$AZZ {{ '2017-07-06T15:58:42+0000' | timeago}} • Webcast

$AZZ expects the Enhanced Powder Coating acquisition to add around $0.03-0.04 to its current outlook. The company is also pursuing a couple of other bolt-on type galvanizing, powder coating acquisitions that it hopes to close during 2Q18.

$AZZ {{ '2017-07-06T15:49:57+0000' | timeago}} • Webcast

$AZZ said in terms of infrastructure in its galvanizing business, the company is seeing improvements in highways, transmission and distribution. Non-residential construction spending is trending upwards. $AZZ is seeing good pickup in non-residential construction in some parts of the US which gives it confidence in its outlook.

$AZZ {{ '2017-07-06T15:31:42+0000' | timeago}} • Webcast

In 1Q18, $AZZ posted revenues of $116.5MM in its Energy segment, down 15.7% compared to 1Q17. In the Metal Coatings segment, revenues fell 11.9% to $92.1MM compared to 1Q17.

$AZZ {{ '2017-07-06T15:28:12+0000' | timeago}} • Webcast

$AZZ's backlog for 1Q18 was $331.6MM, down 6.4% compared to 1Q17. The company expects approx. 41% of the backlog to be delivered outside the US versus 25% in 1Q17. Gross margins for 1Q18 were 23.6% compared to 26.1% in 1Q17.

$AZZ {{ '2017-07-06T13:11:33+0000' | timeago}} • Infographic

$AZZ AZZ Incorporated Earnings AlphaGraphic: Q1 2018 Highlights

$AZZ {{ '2017-07-06T10:53:35+0000' | timeago}} • Announcement

As $AZZ posted 1Q18 results, CEO Tom Ferguson said, "Despite the current market conditions, we are cautiously optimistic that fiscal year 2018 will benefit from improved infrastructure project spending during the second half of the year." $AZZ reaffirmed its  FY18 guidance of $2.60-3.10 for EPS and $880-950MM in annual sales.

$AZZ {{ '2017-07-06T10:51:00+0000' | timeago}} • Announcement

With revenue slipping 14.1% to $208.6MM in 1Q18, $AZZ posted a 37.1% slide in net income of $13.2MM or $0.51 per diluted share. Incoming orders in the quarter were $193.8MM while shipments totaled $208.6MM, resulting in a book-to-ship ratio of 0.93 for the metal coating services provider.

$STLD {{ '2017-07-05T16:39:54+0000' | timeago}} • Announcement

$STLD announced the expansion of its Structural and Rail Division located in Columbia City, Indiana.  The $75MM expansion will utilize excess melting and casting capability and further diversify its product portfolio and market sector exposure. The project is scheduled to be completed during 4Q18.

$AES {{ '2017-07-05T13:02:24+0000' | timeago}} • Announcement

$AES has closed $2Bil in long-term, non-recourse financing for its 1,384MW Southland repowering project. The financing consists $1,475MM of senior secured notes amortizing through 2040 and $492MM senior secured term loan amortizing through 2027. $AES will contribute about $350MM in equity to finance the balance of the total project cost of $2.3Bil.

$HAL {{ '2017-07-05T12:06:21+0000' | timeago}} • Announcement

$HAL acquired Summit ESP, a provider of electric submersible pump (ESP) technology and services. No other terms were disclosed.

$MLM {{ '2017-06-26T11:57:41+0000' | timeago}} • Announcement

$MLM to acquire Bluegrass Materials Company for $1.625Bil in cash. $MLM expects annual run-rate cost savings of about $15MM from this acquisition. The company also expects the transaction to be accretive to EPS and cash flow in the first full year. The acquisition is expected to close in 4Q17.

$MLM {{ '2017-06-23T10:41:00+0000' | timeago}} • Announcement

Anne Lloyd to retire as $MLM's EVP and CFO, effective mid-August, 2017. The company's BoD has identified James Nickolas as Lloyd's successor, effective in mid-August. He will serve as SVP and CFO and will report to Howard Nye, Chairman, President and CEO of the company. Lloyd will remain with $MLM through Sept. 2017 to ensure a smooth transition.

$MEI {{ '2017-06-22T15:31:23+0000' | timeago}} • Webcast

$MEI said, if the acquisition of Procoplast is completed in 2Q18 as expected, it anticipates $17MM in revenue, which represents seven months of Procoplast revenue. $MEI revealed that it is paying eight times EBITDA multiple of Procoplast for the transaction, though the exact deal value was not disclosed.

$MEI {{ '2017-06-22T11:08:49+0000' | timeago}} • Announcement

$MEI entered into stock purchase agreement for acquisition of Procoplast s.a., an independent maker of automotive complex insert molded subassemblies. The acquisition is expected to complement European automotive business with high volume, highly automated injection production lines for automotive transmission and brake products.

$MEI {{ '2017-06-22T11:05:48+0000' | timeago}} • Announcement

$MEI expects FY18 sales of $807-827MM, pre-tax income of $114-127MM and EPS of $2.43-2.63. This considers the exit of Connectivity and AES, Automotive price reductions, no international grant money from a foreign government, and expected closing of the Procoplast acquisition.

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