$BGC (General Cable Corporation)

$BGC {{ '2016-05-24T11:19:51+0000' | timeago}} • Announcement

$BGC said it agreed to sell its North American automotive ignition wire business to $SMP for cash consideration of about $71MM. The company expects to close the sale in the near future. Proceeds will be used to reduce outstanding borrowings.

$GE {{ '2017-07-21T18:59:39+0000' | timeago}} • Webcast

John Flannery, who is to be $GE's 13th CEO effective Aug 1, 2017, brushed aside concerns that the company might find itself in a state of limbo during the transition period. He said there is no operational paralysis within the team, adding robust discussions will happen in November regarding the future of course of $GE's operations.

$GE {{ '2017-07-21T18:13:06+0000' | timeago}} • Webcast

$GE reiterated its FY17 net earnings guidance of $1.60-1.70 per share on organic sales growth, which is expected in the range of 3-5%. The company added that EPS is trending to the bottom end of the projected range, as Oil and Gas continues to witness weakness.

$GE {{ '2017-07-21T17:28:46+0000' | timeago}} • Webcast

Cash flow from operations, one of $GE's closely watched financial metric, plummeted 67% to $3.6Bil in 2Q17. The Boston, Massachusetts-based conglomerate said this was primarily due to the sale of its appliances division.

$MRK {{ '2017-07-21T15:21:07+0000' | timeago}} • Announcement

President Donald Trump announced that pharma giants $MRK and $PFE are collaborating with Gorilla Glass manufacturer Corning ($GLW) for manufacturing a new glass (Valor Glass), which is superior and reliable for the delivery of injectable drugs. Corning is planning to initially invest $500MM creating 1,000 jobs at 3 facilities in US.

$GE {{ '2017-07-21T12:51:53+0000' | timeago}} • Infographic

$GE General Electric Earnings AlphaGraphics: Q2 2017 highlights

$GE {{ '2017-07-21T11:43:55+0000' | timeago}} • Announcement

$GE CEO Jeff Immelt said, "We expect cash flow to continue to improve throughout the year. We’ve reduced our industrial structural costs year-to-date by $670MM and we are on track to meet or exceed our $1Bil cost reduction target for the year."

$GE {{ '2017-07-21T11:40:52+0000' | timeago}} • Announcement

Primarily due to $GE's shift of focus into industrial operations, its backlog in 2Q17 grew 2% to $327Bil, while orders increased 6% to $28.3Bil. $GE has a history of orders and backlogs growing faster than its revenue.

$GE {{ '2017-07-21T11:38:01+0000' | timeago}} • Announcement

$GE's total revenue in 2Q17 fell 12% to $29.6Bil due to weakness in its Energy Connections segment, which supplies automation products to various industries including marine, mining and oil & gas. Revenue from this segment fell 27% during the quarter.

$GE {{ '2017-07-21T11:35:13+0000' | timeago}} • Announcement

In 2Q17, which marks the end of Jeff Immelt at the helm of $GE after 16 years, the multinational conglomerate posted net earnings that more-than-halved to $1.19Bil, or $0.13 per share. On a non-GAAP basis, EPS declined 45% to $0.28 during the quarter.

$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.

$NEM {{ '2017-07-19T20:55:03+0000' | timeago}} • Announcement

$NEM elected Sheri Hickok and Molly Zhang to its BoD. Hickok is currently General Manager, Global Product Development, Onshore Wind at $GE's Renewable Energy. Zhang currently serves as a director of Cooper Standard Automotive and XG Science as a supervisory board member at GEA Group in Germany.

$MSFT {{ '2017-07-18T12:18:43+0000' | timeago}} • Announcement

Kate Johnson to join $MSFT as President and Corporate VP of Microsoft US on Sept 8, 2017. Johnson currently serves as Chief Commercial Officer of GE Digital, a unit of $GE.

$ADTN {{ '2017-07-18T12:00:59+0000' | timeago}} • Announcement

Networking solutions provider $ADTN has commenced lab testing of innovations in the ‘G.fast standard 212MHz and coordinated dynamic time allocation,’ in association with communications firm Deutsche Telekom. The evaluation of ultra-broadband technologies will allow rapid deployment of ultra-fast broadband services with minimal disruption.

$ADTN {{ '2017-07-18T11:56:10+0000' | timeago}} • Announcement

Networking solutions provider $ADTN has signed a supply agreement with nbn to advance high-speed broadband access in Australia. The agreement, which covers software, hardware and services, includes commitments from both companies to support the ongoing nationwide network rollout.

$BGC {{ '2017-07-17T12:56:07+0000' | timeago}} • Announcement

$BGC sees 2Q17 revenue of about $923MM for North America, Europe and Latin America. $BGC sees operating loss of about $23MM, which includes non-cash charge from sale of investment in Algeria, and adjusted operating income of $32MM. Also, as of June 30, $BGC maintained availability of about $360MM under $700MM asset-based revolving credit facility.

$BGC {{ '2017-07-17T12:53:04+0000' | timeago}} • Announcement

$BGC's BoD started a review of strategic alternatives to maximize shareholder value, including a potential sale of the company. The company has engaged J.P. Morgan Securities LLC as financial advisor and Sullivan & Cromwell LLP as legal advisor to assist in the process.

$MSM {{ '2017-07-13T12:03:45+0000' | timeago}} • Webcast

$MSM expects 4Q17 gross margins to be 43.8%, plus or minus 20 basis points and sees a typical sequential decline in margins for 4Q17. The company expects midpoint operating expenses to be about $230MM and effective tax rate of 37.3%. Operating margin is now expected to be around 12.6% at the midpoint of forecast.

$MSM {{ '2017-07-13T11:58:52+0000' | timeago}} • Webcast

$MSM's capital expenditures were $12.4MM in 3Q17 and now expects its FY17 capital expenditures to be around $55-60MM. $MSM's operating cash flow conversion ratio and that’s net cash from operating activities divided by net income was around 99% in 3Q17 and it expects to end the fiscal year at roughly the same level.

$MSM {{ '2017-07-13T11:56:07+0000' | timeago}} • Webcast

$MSM added about 5,000 net SKUs in 3Q17 and total active salable SKU count is over 1.5MM. $MSM ended the quarter at 2,309 field sales and service associates. The company expects a slight decline over the following few months. And $MSM expects this trend to continue as its sales effectiveness programs gain traction.

Recent Transcripts

GE (General Electric Company)
Friday, July 21 2017 - 12:30pm
STLD (Steel Dynamics Inc.)
Thursday, July 20 2017 - 2:00pm
ABB (ABB Ltd.)
Thursday, July 20 2017 - 12:00pm
ADTN (ADTRAN, Inc.)
Wednesday, July 19 2017 - 2:30pm
UFPI (Universal Forest Products Inc.)
Wednesday, July 19 2017 - 12:30pm
MSM (MSC Industrial Direct Co. Inc.)
Wednesday, July 12 2017 - 12:30pm
WDFC (WD-40 Company)
Monday, July 10 2017 - 9:00pm
BBRY (BlackBerry Limited)
Friday, June 23 2017 - 12:00pm
WSTL (Westell Technologies, Inc.)
Wednesday, May 24 2017 - 8:30pm
XGTI (xG Technology, Inc.)
Wednesday, May 17 2017 - 9:00pm
VOD (Vodafone Group Plc)
Tuesday, May 16 2017 - 8:00am
HWCC (Houston Wire & Cable Company)
Wednesday, May 10 2017 - 3:00pm
HEAR (Turtle Beach Corporation)
Tuesday, May 9 2017 - 9:00pm
SRCL (Stericycle, Inc.)
Thursday, May 4 2017 - 9:00pm
ARW (Arrow Electronics, Inc.)
Thursday, May 4 2017 - 5:00pm
SSRI (Silver Standard Resources Inc.)
Thursday, May 4 2017 - 3:00pm
SHEN (Shenandoah Telecommunications Co.)
Thursday, May 4 2017 - 2:00pm
BGC (General Cable Corporation)
Thursday, May 4 2017 - 12:30pm
WIN (Windstream Holdings, Inc.)
Thursday, May 4 2017 - 12:30pm
WIRE (Encore Wire Corp.)
Wednesday, May 3 2017 - 3:00pm

AlphaGraphics you may like