$MATX (Matson, Inc.)

$MATX {{ '2016-06-28T08:33:18+0000' | timeago}} • Announcement

Shipping company $MATX said its BoD has appointed Stanley Kuriyama, Executive Chairman of $ALEX, as a director of the company, effective June 23, 2016.

$GWW {{ '2017-07-19T19:32:05+0000' | timeago}} • Webcast

In the US segment, $GWW said it expects volume growth of 6-8% in the back half of the year, based on price changes. The company, meanwhile, did not give a month-wise update on volume growth.

$GWW {{ '2017-07-19T18:59:11+0000' | timeago}} • Webcast

$GWW said its mid-size customer volume continued to accelerate throughout 2Q17 and was positive for the first time in five years during the quarter. The company added that currently, about 50% of the mid-size customer volume is on more competitive pricing.

$GWW {{ '2017-07-19T14:00:08+0000' | timeago}} • Infographic

$GWW W.W. Grainger, Inc. Earnings AlphaGraphic: Q2 2017 Highlights

$GWW {{ '2017-07-19T12:44:44+0000' | timeago}} • Announcement

$GWW's sales for the US segment were up 1% YoY in 2Q17, driven by a 5 percentage point increase from volume. Canada segment sales fell 3% in US dollars, while sales for the Other Businesses increased 11% during this period.

$GWW {{ '2017-07-19T12:41:24+0000' | timeago}} • Announcement

In the US segment, $GWW's gains from the sale of assets in 2Q17 were offset by restructuring costs. The Canadian business announced plans to close 59 branches in 2017 as part of restructuring. $GWW also announced the wind-down of its business in Colombia. Restructuring items represented $1.07 per share in charges.  Excluding them, EPS decreased 5%.

$GWW {{ '2017-07-19T12:37:57+0000' | timeago}} • Announcement

$GWW CFO Ron Jadin announced that he will be retiring at 2017-end. Jadin joined Grainger in 1998 and has served in various financial roles including as CFO since 2008.

$GWW {{ '2017-07-19T12:34:09+0000' | timeago}} • Announcement

Despite a drastic fall in earnings in 2Q17, $GWW reiterated its 2017 sales and EPS guidance of sales growth of 1-4% and adjusted EPS of $10-11.30. CEO DG Macpherson said, "Outside the US, we took aggressive action to streamline our portfolio and focus on profitable businesses. Based on what we are seeing, we are reiterating our 2017 guidance."

$GWW {{ '2017-07-19T12:26:52+0000' | timeago}} • Announcement

Industrial supplies company $GWW saw 43% fall in net earnings in 2Q17, even as sales increased 2% to $2.61Bil. The sales growth during the quarter was spurred by its continued volume growth from the pricing initiatives in the US. Net earnings were $98MM, or $1.67 per share, compared to $173MM, or $2.79 per share in the year-over period.

$TDW {{ '2017-07-13T20:55:51+0000' | timeago}} • Announcement

$TDW said the United States Bankruptcy Court for the District of Delaware has confirmed its ‘second amended joint pre-packaged Chapter-11 plan of reorganization.’ The company expects the court to issue a written confirmation order on the matter within a few days.

$MATX {{ '2017-06-29T20:45:29+0000' | timeago}} • Announcement

$MATX increased its 3Q17 dividend by 5.3% to $0.20 per share. The dividend will be paid on Sept 7, 2017 to shareholders of record as of Aug 3, 2017.

$MATX {{ '2017-06-29T20:41:40+0000' | timeago}} • Announcement

Logistics services provider $MATX increased its existing $400MM unsecured revolving credit facility to $650MM and extended it for a new five-year term, maturing June 2022. Matson also entered into a number of amendments to its existing note purchase agreements.

$HOS {{ '2017-06-15T20:22:34+0000' | timeago}} • Announcement

$HOS refinanced its existing $200MM senior secured revolving credit facility with a new first-lien delayed-draw credit facility providing for up to $300MM of term loans.  The six-year term of the New Credit Facility extends the maturity of the Old Credit Facility from February 2020 to June 2023.

$SPG {{ '2017-06-15T17:11:54+0000' | timeago}} • Announcement

Genting Simon, a joint venture between Genting Plantations and $SPG, has opened Genting Highlands Premium Outlet, its second Premium Outlet Center in Malaysia. The 278,000 sq-ft facility will feature over 130 designers and brand name stores.

$KEX {{ '2017-06-14T06:51:34+0000' | timeago}} • Announcement

$KEX to acquire Stewart & Stevenson LLC, a unit of Houston-based Parman Capital Group, for about $710MM. The transaction will be funded equally through Kirby's revolving credit facility and its common stock valued at around $355MM. The deal is expected to close in 3Q17 and modestly add to 2017 EPS. Kirby expects more meaningful accretion in 2018.

$TDW {{ '2017-06-13T10:59:22+0000' | timeago}} • Announcement

$TDW reported a wider net loss in 4Q17, hurt by asset impairment charges. Net loss widened to $94.86MM or $2.01 per share from $81.79MM or $1.74 per share in 4Q16. Revenues dropped 12.7% to $160.75MM. Tidewater said it is awaiting the court’s approval to implement its pre-packaged restructuring plan, under a bankruptcy petition.

$CKH {{ '2017-06-02T12:22:20+0000' | timeago}} • Announcement

$CKH and SEACOR Marine Holdings announced the successful completion of the spin-off of SEACOR Marine, finalizing the transition to SEACOR Marine's status as an independent public company. SEACOR Marine begins "regular-way" trading on NYSE June 2, 2017 under $SMHI.

$SPG {{ '2017-05-22T18:01:18+0000' | timeago}} • Announcement

$SPG said it will invest $1Bil in both 2017 and 2018 in development projects. The company continues to reinvest in its portfolio to create premier gathering places at a record pace.

$TDW {{ '2017-05-19T21:04:13+0000' | timeago}} • Announcement

$TDW said the approved motions authorize the Company to pay prepetition employee wages and benefits without interruption, maintain its insurance programs, utilize its current cash management system, and pay undisputed prepetition obligations owed to its vendors and trade creditors in the ordinary course of business.

$TDW {{ '2017-05-19T21:03:43+0000' | timeago}} • Announcement

$TDW said the United States Bankruptcy Court for the District of Delaware has granted the relief requested by the company in certain first day motions related to ordinary course business activities. The approved motions authorize the company to pay prepetition employee wages and benefits without interruption.

$TDW {{ '2017-05-18T13:15:02+0000' | timeago}} • Announcement

$TDW and certain of its subsidiaries have filed voluntary petitions under chapter 11 in the U.S. Bankruptcy Court for the District of Delaware to pursue a prepackaged plan of reorganization. This is in accordance with its previous restructuring support agreement with certain creditors to effectuate a comprehensive balance sheet restructuring.

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