$HI (Hillenbrand, Inc.)

$HI {{ '2015-12-22T15:38:59+0000' | timeago}} • Announcement

$HI, a global diversified industrial company, said it agreed to buy Red Valve Company for $131.9MM in cash, including $3.3MM for related real estate. The transaction is expected to close within 30 days, upon receipt of regulatory approval.

$AYI {{ '2018-01-11T14:05:21+0000' | timeago}} • Webcast

$AYI said it has been relatively acquisitive over its last 7 or 8 years and sees that is still a fundamental part of a way to deploy this excess cash flow. With regard to stock buyback, the company did buy back 2MM shares last year and $AYI has the authorization from the Board for another 2MM shares.

$AYI {{ '2018-01-11T14:02:35+0000' | timeago}} • Webcast

$AYI remains bullish regarding the company’s long-term prospects for continued profitable growth, particularly as the company brings more value-added solutions to the market for both new construction and the conversion of the installed base.

$AYI {{ '2018-01-11T13:58:00+0000' | timeago}} • Webcast

$AYI expects the price of certain LED components to continue to decline so at decelerating pace, while certain other costs, including certain components and commodity costs, especially steel prices, as well as certain employee-related costs due to further investments in associate headcount, wage inflation and health care costs all to rise somewhat.

$AYI {{ '2018-01-11T13:50:52+0000' | timeago}} • Webcast

$AYI said it has additional borrowing capacity of $244.7MM at Nov. 30, 2017 under credit facility, which does not expire until August 2019. $AYI now has authorization to repurchase up to 2MM shares of its common stock. $AYI will continue to seek the best use of its strong cash generation to enhance shareholder value.

$AYI {{ '2018-01-11T13:45:53+0000' | timeago}} • Webcast

$AYI said that its specific issues in the home center/showroom channel and certain international markets, the company was still able to grow its net sales in the U.S. and Canada by about 2% in 1Q18 far outpacing the negative growth rate of the overall lighting industry.

$AYI {{ '2018-01-11T13:06:53+0000' | timeago}} • Announcement

$AYI now sees its blended consolidated effective income tax rate for FY18 to approximate 26-28% before discrete items, compared with nearly 35% for the prior year. $AYI sees tax rate for 2Q18 to be significantly lower than the estimated full-year blended tax rate to cumulatively adjust for the 35.5% tax rate recorded for 1Q18.

$AYI {{ '2018-01-11T13:04:58+0000' | timeago}} • Announcement

$AYI expects certain headwinds in the home center/showroom channel to continue in the near term, giving way to growth in calendar 2H18 as the company brings new solutions to key customers and expand its access to market in this important sales channel.

$AYI {{ '2018-01-11T13:01:09+0000' | timeago}} • Announcement

$AYI's gross profit for 1Q18 declined 2.6% year-over-year. This was due primarily to lower sales, unfavorable price/mix, and higher input costs for certain commodity-related items, such as steel, which were partially offset by lower costs for certain LED components and productivity improvements. Adjusted gross margin fell 80 basis points to 41.6%.

$AYI {{ '2018-01-11T12:58:08+0000' | timeago}} • Announcement

$AYI's sales for 1Q18 declined 1% year-over-year. This was primarily due to a 1% decrease in sales volume and a 1% net unfavorable change in product prices and mix of products sold (price/mix), partially offset by a 1% favorable impact from changes in foreign exchange rates.

$AYI {{ '2018-01-11T12:54:51+0000' | timeago}} • Announcement

$AYI CEO Vernon Nagel said 1Q18 sales results were below its expectations but once again better than market level performance as initial industry data suggests that the growth rate of its key end markets in North America was down low-single digits, which was in line with previous expectations.

$AYI {{ '2018-01-11T12:49:20+0000' | timeago}} • Announcement

$AYI reported a 12.5% drop in 1Q18 earnings due to lower sales as well as last year's gain from sale of an investment in unconsolidated affiliate. Net income fell to $71.5MM or $1.70 per share from $81.7MM or $1.86 per share last year. Net sales declined 1% to $842.8MM. Adjusted EPS decreased 3% to $1.94.

$AYI {{ '2018-01-05T21:47:25+0000' | timeago}} • Announcement

The Board of Directors of $AYI declared a quarterly dividend of $0.13 per share, payable on February 1, 2018 to shareholders of record on January 22, 2018.

$WSO {{ '2018-01-02T13:05:39+0000' | timeago}} • Announcement

$WSO declared a regular quarterly cash dividend of $1.25 on each outstanding share of its Common and Class B common stock. The cash dividend is payable on Jan 31, 2018 to shareholders of record at the close of business on Jan 16, 2018.

$SCI {{ '2017-12-12T21:53:17+0000' | timeago}} • Announcement

$SCI, a provider of deathcare products and services, has completed a  public offering of $550MM aggregate principal amount of its 4.625% Senior Notes due 2027. The net proceeds from the offering will be utilized to refinance existing credit facilities and redeem outstanding notes.

$HI {{ '2017-12-08T11:47:39+0000' | timeago}} • Announcement

Diversified industrial firm $HI has declared a regular quarterly cash dividend of $0.2075 per share on its common stock. The dividend is payable on December 29, 2017, to shareholders of record on December 18, 2017.

$SCI {{ '2017-12-07T12:10:41+0000' | timeago}} • Announcement

$SCI has entered into a $1.675Bil unsecured credit agreement maturing in 2022, providing for a $1Bil revolving credit facility and a $675MM Term Loan A. The company will use these borrowings, along with proceeds from an unsecured debt offering, to refinance its existing credit facilities and redeem outstanding notes.

$SCI {{ '2017-12-05T15:22:55+0000' | timeago}} • Announcement

$SCI plans to offer $525MM of senior notes. The company will use net proceeds, together with additional borrowings, to refinance its existing credit facilities and redeem outstanding notes, and pay related fees and expenses. Upon closing, $SCI plans to redeem about $250MM of its 7.625% Senior Notes due 2018.

$DAKT {{ '2017-11-28T17:33:20+0000' | timeago}} • Announcement

$DAKT has been chosen to design and manufacture 229 new displays along I-395 for the Virginia Department of Transportation. These displays will reduce commute times and alert motorists on weather conditions, public safety announcements, Amber AlertsTM, roadway incidents, construction information, lane reversal and tolling information.

$HI {{ '2017-11-15T21:57:47+0000' | timeago}} • Announcement

For FY18, $HI expects its revenue growth to be about 2-4%, with revenue from Process Equipment Group up by approx. 5-7% and Batesville revenue down by approx. 1-3%. The company expects its FY18 GAAP EPS to be about $2.11-2.23 and adj. EPS of about $2.16-2.28.

$HI {{ '2017-11-15T21:54:24+0000' | timeago}} • Announcement

Diversified industrial company $HI reported 6% growth in its 4Q17 profit, driven by revenue growth in the Process Equipment Group. Net income rose to $38.2MM, or $0.60 per share, compared to $36MM, or $0.56 per share during the prior year period. Adj. EPS was $0.62, up 7%. Revenue increased by 3% YoY to $443MM during the quarter.

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