$AOS (AO Smith Corp.)

$AOS {{ '2016-08-08T18:31:49+0000' | timeago}} • Announcement

$AOS said Aquasana 2016 sales are expected to be approx. $44MM, including approx. 35% comprised of consumable water treatment filters. The purchase price represents a multiple of two times expected 2016 sales. $AOS expects to achieve approx. $25-30MM of annual revenue synergies over the next two to three years.

$AOS {{ '2017-07-20T19:46:35+0000' | timeago}} • Announcement

Water technology company $AOS said it will join the S&P 500 Index on July 26, 2017. The S&P 500 index is widely regarded as the best single gauge of large-cap U.S.equities. The company will be added to the GICS Building Products Sub-Industry index.

$LNN {{ '2017-07-18T12:32:02+0000' | timeago}} • Announcement

Irrigation equipment maker $LNN appointed Timothy Hassinger as president and chief executive officer and a member of its board of directors, effective October 16, 2017. Hassinger succeeds retiring President and CEO Rick Parod.

$SCSS {{ '2017-07-17T21:03:41+0000' | timeago}} • Announcement

$SCSS reiterates its outlook for FY17 EPS of $1.25 to $1.50. The company anticipates high single-digit sales growth, including 4-6% points from net new store openings and low single-digit comp store growth. CapEx is expected to be to approx. $55MM.

$SCSS {{ '2017-07-17T20:58:56+0000' | timeago}} • Announcement

Maker of foundations and bedding accessories $SCSS reported 2Q17 net loss of $778,000, or $0.02 loss per share, compared to earnings of $1.42MM, or $0.02 per share during 2Q16. Net sales during the quarter rose 3% YoY to $285MM.

$AOS {{ '2017-07-11T16:06:35+0000' | timeago}} • Announcement

$AOS elected President and COO Kevin Wheeler to its BoD. Wheeler was named president and COO of the Milwaukee-based water technology company on June 1. He is responsible for its global water heater and boiler operations as well as its global water treatment business and oversees global product engineering and information technology functions.

$AYI {{ '2017-06-29T18:35:45+0000' | timeago}} • Webcast

While $AYI sees the lighting market in North America growing modestly in the second half of calendar 2017, the company expects the price of certain LED components to continue to decline though at a decelerating pace.

$AYI {{ '2017-06-29T18:28:26+0000' | timeago}} • Webcast

"We currently expect to spend approximately 2% of revenues in capital expenditures in fiscal year 2017," said CFO Ricky Reece as $AYI posted 3Q17 results.

$LNN {{ '2017-06-29T15:46:40+0000' | timeago}} • Webcast

$LNN stated that order backlog at May 31, 2017 was $70.1MM, compared to $61.2MM a year ago. During the quarter, irrigation order backlog was higher YoY and infrastructure backlog was lower than the same period last year.

$LNN {{ '2017-06-29T15:39:29+0000' | timeago}} • Webcast

$LNN said the Brazilian government has announced changes in the primary financing programs for irrigation equipment, increasing the total amount of available funding and reducing interest rate from 8.5% to 7.5%, with effect from July 1. $LNN expects this to provide support for continued growth in this market.

$LNN {{ '2017-06-29T15:26:11+0000' | timeago}} • Webcast

$LNN said revenue from international irrigation markets in 3Q17 improved 2% YoY, primarily due to continuation of notable recovery in Brazil, increased project activity in developing markets, and a slightly favorable currency translation impact.

$AYI {{ '2017-06-29T13:11:45+0000' | timeago}} • Announcement

"Softness in demand in the North American lighting market that began in the third calendar quarter of 2016 will continue through the remainder of the calendar year," said CEO Vernon J. Nagel, while $AYI posted 3Q17 results.

$AYI {{ '2017-06-29T13:08:45+0000' | timeago}} • Announcement

$AYI's net sales rose 5% to $891.6MM in 3Q17 with net income jumping 11% to $82.2MM or $1.90 per diluted share. Adjusted diluted EPS rose 4% to $2.15 in the quarter.

$LNN {{ '2017-06-29T11:30:14+0000' | timeago}} • Announcement

A 7% revenue growth pushed up $LNN’s 3Q17 profit to $11MM from $9.6MM a year ago. EPS moved up to $1.02 from $0.90. Infrastructure segment revenues surged 31%, contributing significantly to the top line growth. Irrigation segment revenues advanced 2%.  Lindsay expects international business to support Irrigation division growth in the near term.

$AYI {{ '2017-06-27T20:36:55+0000' | timeago}} • Announcement

The BoD of $AYI declared a quarterly dividend of $0.13 per share, payable on August 1, 2017 to shareholders of record on July 18, 2017.

$WHR {{ '2017-06-20T21:38:35+0000' | timeago}} • Announcement

Jeff Fettig, $WHR Chairman and CEO since 2004, will step down as CEO and continue in his role as Chairman of the BoD. The Board has elected Marc Bitzer, the company's current President and COO, to succeed Fettig as CEO. These changes will become effective October 1.

$HAR {{ '2017-06-06T19:34:06+0000' | timeago}} • Announcement

$HAR, a subsidiary of Samsung Electronics, has been selected by automaker Yamaha to equip their new Star Venture trans-continental touring motorcycle with infotainment and navigation technologies. The infotainment system features a high resolution touch screen display mounted in the cockpit, which can be operated both by switches and voice command.

$WHR {{ '2017-05-31T14:00:36+0000' | timeago}} • Announcement

$WHR said it is filing safeguard petition with the U.S. International Trade Commission to address the repeated efforts by Samsung and LG to evade the US trade laws. The move comes after the government found residential washers were being unlawfully imported and dumped into the country by Samsung and LG, against the interest of local manufacturers.

$ESE {{ '2017-05-25T16:30:11+0000' | timeago}} • Announcement

$ESE acquired the assets of Morgan Schaffer Inc., a global utility solutions provider, for undisclosed terms.

$WHR {{ '2017-05-25T14:06:56+0000' | timeago}} • Announcement

$WHR completed expansion of its Greenville, Ohio factory distribution center. The project builds upon $WHR's commitment to American manufacturing and reinforces Greenville as the global hub of the company's small appliances business.

$AOS {{ '2017-05-19T11:18:01+0000' | timeago}} • Announcement

$AOS named Kevin Wheeler as President and COO. In his new role, Wheeler will be responsible for the company's global water heater and boiler operations as well as its global water treatment business. Wheeler will report to Chairman and CEO Ajita Rajendra.

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