$TKR (The Timken Company)

$TKR {{ '2016-07-08T12:25:55+0000' | timeago}} • Announcement

$TKR, a leader in tapered roller bearings, said it has acquired Lovejoy, Inc., a manufacturer of premium industrial couplings and universal joints, for approx. $66MM. For the 12 months ending March 31, 2016, Lovejoy sales were approx. $56MM. $TKR said this acquisition adds to its growing portfolio of mechanical power transmission products.

$UTX {{ '2017-07-26T15:22:39+0000' | timeago}} • Webcast

$UTX still expects 2018 is going to be the peak for negative engine margin at Pratt & Whitney. $UTX has still coming down on 87% learning curve on the engine. Pratt is working through all things such as engineering changes to drive some cost out of the engine, and overhead support costs for supply chain that will play into product cost next year.

$UTX {{ '2017-07-26T15:10:11+0000' | timeago}} • Webcast

For UTC Aerospace Systems, $UTX expects commercial OEs to be up in the 2H17 a little bit. But overall for the full year, the company expects flattish commercial OE. On the other hand, $UTX does expect the commercial aftermarket business to be up mid-single digit as opposed to the low single digit the company expected before.

$UTX {{ '2017-07-26T15:01:00+0000' | timeago}} • Webcast

Based on 1H17 results and anticipated increases in negative engine margin in 2H17, $UTX still sees Pratt & Whitney full-year operating profit being down $150-200MM, but likely closer to the $200MM end of the range. With solid 1H results at Aerospace Systems, $UTX still sees operating profit to be up $50-100MM for 2017 and likely toward high end.

$UTX {{ '2017-07-26T14:57:29+0000' | timeago}} • Webcast

$UTX expects improvement in 2H17, driven by strength in equipment orders, productivity initiatives, and lower FX headwind. $UTX still sees Climate, Controls & Security (CCS) operating profit to grow by $100-150MM at actual FX in 2017, but likely closer to the low end. $UTX now sees that CCS will see low to mid-single-digit organic sales growth.

$UTX {{ '2017-07-26T14:48:26+0000' | timeago}} • Webcast

$UTX still expects to spend about $3.5Bil on share repurchases this year, completing its plan to return $22Bil to shareowners between 2015 and 2017. On the M&A front, those closed at UTC Climate, Controls & Security and Otis last year are contributing to growth story this year, and $UTX continues to have a placeholder at $1-2Bil for M&A this year.

$UTX {{ '2017-07-26T14:44:52+0000' | timeago}} • Webcast

At UTC Climate, Controls & Security, where $UTX continued to invest in new products and sales resources, organic growth was 5% in 2Q17, with organic growth in the North American residential business up double digits. Equipment orders grew 11%, and that follows strong new equipment orders growth of 7% in 1Q17.

$APH {{ '2017-07-26T14:20:40+0000' | timeago}} • Announcement

$APH has inducted John Craig, former Chairman and CEO of $ENS, to the company’s BoD. Craig was instrumental in creating $ENS in 2000 and subsequently built the company into a global leader in stored energy solutions for industrial applications.

$TXT {{ '2017-07-25T20:55:58+0000' | timeago}} • Infographic

$TXT said it has declared a quarterly dividend of $0.02 per share on the company’s common stock. The dividend will be paid on October 1, 2017, to shareholders of record as of September 15, 2017.

$TGI {{ '2017-07-25T17:09:42+0000' | timeago}} • Announcement

$TGI signed agreement with $BA to provide various hydraulic and mechanical actuation assemblies for legacy $BA programs, including the Next-Generation 737, 737 MAX, 747-8, 767, 767-2C and 777, and for the 777X, $BA's newest family of twin-aisle airplanes.

$ATI {{ '2017-07-25T15:24:30+0000' | timeago}} • Announcement

$ATI has inked a Long-Term Purchase Agreement with Pratt & Whitney, a $UTX company, to supply isothermal forgings and nickel-based powder alloys for next-generation jet engines. The deal begins in 2017 and is expected to generate revenues in excess of $1Bil from 2017 to 2030.

$TGI {{ '2017-07-25T15:13:48+0000' | timeago}} • Announcement

$TGI has promoted Pete Wick as the EVP of Precision Components business unit with immediate effective. Wick will be based in the Arlington office and will continue to report directly to CEO and President Dan Crowley. Wick will lead more than 4,500 employees working in the unit’s seven operating companies across 21 sites.

$TGI {{ '2017-07-25T13:39:48+0000' | timeago}} • Announcement

$TGI signed a long-term agreement with Safran Nacelles to provide thrust reverser cowl opening system (TRCOS) actuators for the engine nacelle on A320neo aircraft. Triumph Integrated Systems will design, develop and supply proprietary actuators to Safran for each nacelle built for the A320neo powered by CFM International LEAP-1A engine offering.

$CR {{ '2017-07-25T13:21:51+0000' | timeago}} • Announcement

$CR's BoD declared regular 3Q17 dividend of $0.33 per share. The dividend is payable on Sept. 8, 2017 to shareholders of record as of the close of business on Aug. 31, 2017.

$UTX {{ '2017-07-25T12:34:46+0000' | timeago}} • Announcement

$UTX said new equipment orders at Otis were flat for 2Q17 versus the prior year. Despite Carrier's plan to relocate fan coils manufacturing to Mexico and layoffs, orders at UTC Climate, Controls & Security increased by 11% organically. Commercial aftermarket sales were up 4% at Pratt & Whitney and were up 7% at UTC Aerospace Systems.

$UTX {{ '2017-07-25T12:16:57+0000' | timeago}} • Announcement

$UTX lifted its FY17 sales outlook to $58.5-59.5Bil from $57.5-59Bil, while narrowing its adjusted EPS guidance to $6.45-6.60 from $6.30-6.60. This is based on its strong year-to-date performance and outlook for the remainder of 2017. Following this, $UTX stock, which touched new 52-week of $124.79 recently, is trading higher in premarket session.

$UTX {{ '2017-07-25T12:12:05+0000' | timeago}} • Announcement

Following the uplift of dividend by 6.1% last month, $UTX's 2Q17 earnings came in-line with its expectations, on strategic priorities execution, including growth of its business through investments, aerospace backlog delivery, and cost reduction goals achievement. This was made despite maintaining a disciplined approach to capital allocation.

$UTX {{ '2017-07-25T12:07:01+0000' | timeago}} • Announcement

Diversified conglomerate $UTX reported a rise in 2Q17 earnings driven by lower income tax expenses, despite a rise in costs and expenses. Income from continuing operations rose 1% to $1.43Bil and EPS increased 5% to $1.80. Sales grew 3% to $15.3Bil, including a 3% organic growth. Adjusted EPS from continuing operations rose 2% to $1.85.

$UTX {{ '2017-07-25T11:34:00+0000' | timeago}} • Infographic

$UTX United Technologies Earnings AlphaGraphic: Q2 2017 Highlights.

$HAYN {{ '2017-07-21T15:43:00+0000' | timeago}} • Announcement

Challenging market conditions and tough pricing environment have forced $HAYN to lower its revenue expectation for 3Q17 to be approx $97-98MM, and net loss to be between $3.9MM and $2MM. The continued weakness in the chemical processing market drove approx. $1.5MM in inventory valuation adjustments impacting profitability for the quarter.

$TGI {{ '2017-07-20T21:16:45+0000' | timeago}} • Announcement

$TGI BoD declared a regular quarterly dividend of $0.04 per share on its outstanding common stock. The dividend is payable Sept. 15, 2017 to shareholders of record as of Sept. 1, 2017.

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Wednesday, July 26 2017 - 5:00pm
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Wednesday, July 26 2017 - 3:00pm
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