$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.

$CR {{ '2018-01-11T16:16:13+0000' | timeago}} • Announcement

$CR completed the previously announced acquisition of Crane Currency. Crane said the combined businesses will be stronger together, offering end-to-end currency and security solutions, from substrate manufacturing and banknote design and printing to micro-optics and banknote validation.

$MSM {{ '2018-01-10T12:40:41+0000' | timeago}} • Announcement

$MSM said its sales target for 2Q18 is between $761MM and $775MM, with average daily sales estimated to grow 9.1% annually. The company expects earnings per share in the range of $1.93 to $2.03 for the second quarter. Adjusted earnings, excluding special items, are forecasted between $1.00 per share and $1.04 per share.

$MSM {{ '2018-01-10T12:34:18+0000' | timeago}} • Announcement

$MSM, a distributor of metalworking and maintenance operations, reported a marked rise in 1Q18 profit on higher sales, helped by productivity growth and inputs from acquisitions. First quarter profit was $60MM or $1.05 per share, up from $54MM or $0.96 per share reported in the same period last year. Total sales moved up 12% to $769MM.

$VZ {{ '2018-01-05T20:10:30+0000' | timeago}} • Announcement

Verizon announced today that it had acquired Niddel, which offers automated end-to-end threat hunting solution for enterprises. $VZ plans to integrate Niddel's services, which the firm believes would augment the existing offerings to its enterprise clients. The company didn't disclose the terms of the deal.

$MSM {{ '2018-01-03T14:15:57+0000' | timeago}} • Announcement

$MSM's BoD declared a cash dividend of $0.58 per share, representing a 21% increase from the previous regular quarterly dividend of $0.48 per share. The dividend is payable on Jan. 30, 2018 to shareholders of record at the close of business on Jan. 16, 2018. The ex-dividend date is Jan. 12, 2018.

$CNI {{ '2017-12-22T19:58:54+0000' | timeago}} • Announcement

Railroad company $CNI has decided to purchase 200 new locomotives from $GE over the next three years. Production of the locomotives will commence next year at the GE facility in Texas, and the units are expected to be delivered in 2018, 2019 and 2020. The order includes Tier-4 and Tier -3 Evolution Series locomotives.

$GE {{ '2017-12-18T14:51:55+0000' | timeago}} • Announcement

Airborne Wireless Network (ABWN) entered into a Support Agreement on Dec. 14, 2017 with GE Aviation, one of $GE Business Units. ABWN anticipates that this relationship should significantly accelerate the development of ABWN's proprietary Hybrid Radio and Free-Optics Communications System to be demonstrated CY18.

$VG {{ '2017-12-12T17:36:45+0000' | timeago}} • Announcement

$VG appointed Dharmesh Shah as VP of Inside Sales. In this newly-created role, Shah is responsible for driving worldwide inside sales to support Vonage's growing global presence as a business cloud communications leader. Shah reports to Kenny Wyatt, Chief Revenue Officer.

$ATNI {{ '2017-12-12T15:41:47+0000' | timeago}} • Announcement

Telecommunications company $ATNI has declared a quarterly dividend of $0.17 per share on its common stock. The dividend is payable on January 8, 2018, to stockholders of record on December 31, 2017.

$VZ {{ '2017-12-07T19:11:41+0000' | timeago}} • Hot News

Verizon's board has declared a quarterly dividend of $0.59 per share. The company has set the record date as Jan. 10, 2018 and payment will be made on Feb. 1, 2018. Year-to-date, $VZ has paid $7.1Bil as cash dividends to shareholders.

$MLM {{ '2017-12-07T17:36:11+0000' | timeago}} • Announcement

$MLM priced its offering of $300MM of Floating Rate Senior Notes due 2019, $500MM of 3.5% Senior Notes due 2027 and $600MM of 4.250% Senior Notes due 2047. Closing of the offering is expected to occur on Dec. 20, 2017.

$GE {{ '2017-12-07T15:43:43+0000' | timeago}} • Announcement

$GE Power plans to reduce its global headcount by about 12,000 positions, affecting both professional and production employees. This aligns with $GE's effort to lower overall structural costs by $3.5Bil in 2017 and 2018. The plans announced are driven by challenges in the power market worldwide.

$GE {{ '2017-12-07T15:40:27+0000' | timeago}} • Announcement

$GE Power plans to reduce its global headcount by about 12,000 positions, affecting both professional and production employees. The headcount reductions, combined with actions taken previously in 2017, will position GE Power to reach its announced target of $1Bil in structural cost reductions in 2018.

$TPR {{ '2017-12-07T14:54:10+0000' | timeago}} • Announcement

$TPR announced that Doreen Toben and Anne Gates have been appointed to its BoD, bringing the board count to 10. Toben served as EVP of $VZ from 2002 until her retirement in 2009, while Gates was President of MGA Entertainment, Inc., a privately-held maker of toy and entertainment products for children.

$CR {{ '2017-12-06T13:05:18+0000' | timeago}} • Announcement

$CR lowered its 2017 EPS guidance to $4.38-4.48 from $4.41-4.51, given incremental transaction related costs anticipated for 4Q17. Excluding transaction related charges, the company still expects 2017 EPS of $4.45-4.55. For 2018, $CR predicts adjusted EPS of $4.85-5.05, including a core sales growth assumption of up 2-4%.

$CR {{ '2017-12-06T13:02:41+0000' | timeago}} • Announcement

$CR agreed to buy 100% of equity interests in Crane & Co. from private equity firm Lindsay Goldberg, members of Crane family, and other shareholders, for $800MM on cash free and debt free basis. Excluding Special Items, the acquisition is expected to be accretive to EPS by $0.15 in the first full year post-closing, lifting to about $1.00 by 2021.

$BGC {{ '2017-12-04T13:05:04+0000' | timeago}} • Announcement

Prysmian Group agreed to buy $BGC. The transaction is expected to generate EPS accretion of 10-12% for Prysmian shareholders already within the first year following closing. Prysmian expects the combined group to generate run-rate pre-tax cost synergies of about EUR150MM within five years.

$BGC {{ '2017-12-04T13:03:21+0000' | timeago}} • Announcement

Prysmian Group and $BGC entered into a definitive merger agreement under which Prysmian will acquire $BGC for $30.00 per share in cash. The transaction values General Cable at about $3Bil, including debt and certain other General Cable liabilities. The transaction is expected to close by 3Q18.

$PX {{ '2017-12-01T18:02:19+0000' | timeago}} • Announcement

$PX and $GE's Aviation opened a new facility for their PG Technologies business, which specializes in advanced coatings that enable jet engines to withstand higher temperatures and stresses. PG Technologies is a JV between Praxair Surface Technologies Inc., a subsidiary of $PX, and GE Aviation.

$VZ {{ '2017-11-30T14:39:59+0000' | timeago}} • Announcement

Verizon has unveiled its plans for the most-awaited 5G launch. The company plans to roll out its wireless broadband offerings in three to five markets in 2018, starting with Sacramento in 2H18. Initial focus will be on residential market where $VZ expects the market potential to be approx. 30MM households.

Recent Transcripts

MSM (MSC Industrial Direct Co. Inc.)
Wednesday, January 10 2018 - 1:30pm
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