Month: April 2017

  • Ingersoll Rand Can Capture Indian Market

    Indian equity benchmarks traded on a lack luster note and closed in the red on the back of caution, as traders were not keen to raise bets at the prevailing record index levels. Despite the positive start of May series in the Futures and Options segment of the derivative market,…

  • AGCO Reports First Quarter Results

    AGCO, Your Agriculture Company (NYSE:AGCO), a worldwide manufacturer and distributor of agricultural equipment, reported net sales of approximately $1.6 billion for the first quarter of 2017, an increase of approximately 4.4% compared to the first quarter of 2016. Reported net loss was $0.13 per share for the first quarter of…

  • WEX Inc. Reports First Quarter 2017 Financial Results

    WEX Inc. (NYSE: WEX), a leading provider of corporate payment solutions, today reported financial results for the three months ended March 31, 2017. First Quarter 2017 Financial Results Total revenue for the first quarter of 2017 increased 41% to $291.4 million from $205.9 million for the first quarter of 2016. During the quarter, higher fuel prices…

  • EFS Expands Relationship with Pilot Flying J

    WEX Company (NYSE) and a leader in fleet payment solutions, announced that it has entered into a multi-year private label processing agreement with Pilot Flying J, the largest operator of travel centers in North America. Pilot Flying J’s proprietary Fleet card program, which was formerly managed in-house, will now be jointly designed and…

  • BASF: Sales and Earnings Considerably Above Prior First Quarter

    Sales of €16.9 billion (up 19%) Positive volume trend continues (up 8%) EBIT before special items of €2.5 billion (up 29%), of which €2.0 billion generated by chemicals business Outlook for 2017 confirmed LUDWIGSHAFEN, GERMANY AND FLORHAM PARK, NJ, April 27, 2017 – BASF completed the first quarter of 2017 with a considerable…

  • Johnson Controls reports second quarter results and increases share repurchase program by $500 million

    CORK, Ireland, April 27, 2017 /PRNewswire/ — GAAP loss of $0.16 per share driven by non-cash tax charge and other special items Adjusted EPS from continuing operations of $0.50, up 11 percent versus prior year Adjusted sales of $7.2 billion, reflecting organic growth of 2 percent versus prior year Adjusted EBIT margin expansion of 20 basis…

  • Global Sales of Air Conditioners and Heat Pumps Using Low GWP HFC-32 Refrigerant Surpass 10 Million in More Than 50 Countries

    Daikin Industries, Ltd., announces that sales of its air conditioners and heat pumps using HFC-32 (R32), a refrigerant with a low global warming potential (GWP), have recently reached the milestone of 10 million units. This feat reflects its commitment to developing environmentally-conscious products that aim for both environmental contribution and…

  • Thermo King Highlights New Hybrid Drive Trailer Concept

    Thermo King used the CV Show to highlight the benefits of its new hybrid drive trailer concept for urban deliveries. An extension to the firm’s telematics-enabled SLXi refrigerated trailer range, the concept unit is both low-emission and low-noise to enable access to inner city areas and restricted zones. The hybrid…

  • Trimble Reports First Quarter 2017 Results

    First quarter 2017 revenue of $613.9 million was up 5 percent as compared to the first quarter of 2016. As previously announced, Trimble has changed the reporting of its segment financial results to better reflect the Company’s customer base and end markets, and our first quarter results are based on these new…

  • UTC Reports First Quarter 2017 Results

    Sales of $13.8 billion were up 3 percent versus prior year including 3 percent organic sales growth GAAP EPS of $1.73, up 23 percent versus prior year Adjusted EPS of $1.48, up 1 percent versus prior year Reaffirms 2017 expectations for Adjusted EPS of $6.30 to $6.60* on sales of…

  • Hitachi Enters into Agreement to Acquire Air Compressor Manufacturer, Making a Full-scale Entry into the North America Industrial / Distribution Business

    Hitachi Ltd. and Accudyne Industries announced that the two companies have entered into an agreement regarding Hitachi’s acquisition of Accudyne’s subsidiaries and certain related assets that manufacture and sell air compressors under the “Sullair” brand.  In this transaction, in addition to the shares of Sullair US Purchaser, Inc. (Illinois, USA) and Sullair…

  • Cat Financial Announces First-Quarter 2017 Results

    Cat Financial reported first-quarter 2017 revenues of $662 million, an increase of $19 million, or 3 percent, compared with the first quarter of 2016. First-quarter 2017 profit was $115 million, a $15 million, or 15 percent, increase from the first quarter of 2016. The increase in revenues was due to…

  • Mueller Industries, Inc. Reports First Quarter 2017 Earnings

    Mueller Industries, Inc. (NYSE: MLI) announced today operating income of $45.6 million for the first quarter of 2017, a 10 percent increase over the same period in 2016.  Net income for the period was $30.0 million, or 52 cents per diluted share, compared with net income of $28.6 million, or…

  • Caterpillar Reports First-Quarter 2017 Results

    First-quarter sales and revenues up from 2016 Outstanding operational performance in quarter Full-year sales and revenues outlook raised to a range of $38 billion to $41 billion Continued uncertainty and economic volatility for remainder of 2017 PEORIA, Ill. — Caterpillar Inc. (NYSE: CAT) today announced first-quarter 2017 sales and revenues…

  • BASF Strengthens Digital Farming Portfolio with Zedx Acquisition

    BASF has signed an agreement to acquire ZedX Inc., a leader in the development of digital agricultural intelligence. Headquartered in Bellefonte, Pennsylvania, ZedX’s expertise lies in the development of agronomic weather, crop, and pest models that rapidly translate data into insights for more efficient agricultural production. With this planned acquisition,…

  • Topcon Announces Expansion to Topcon Solutions Store Network

    Topcon Positioning Group announces the newest addition to the Topcon Solutions Store distribution network. Griner and Schmitz Incorporated, headquartered in Kansas City, Missouri, is the latest positioning distributor to join the network, which brings the total to 11 locations in North America since its creation in early 2016. “Griner and Schmitz has long…

  • Sensata Technologies Reports First Quarter 2017 Financial Results

    Sensata Technologies today announced financial results for its first quarter ended March 31, 2017. Revenue was $807.3 million in the first quarter of 2017, an increase of $10.7 million, or 1.3%, from revenue of $796.5 million in the first quarter of 2016. Excluding a 2.2% negative effect from changes in…

  • Lennox International Reports Record First-Quarter Revenue and Profit

    Revenue up 11% to first-quarter record $793 million.Foreign exchange was neutral to revenue. GAAP operating income was up 39% to a first-quarter record $61 million. GAAP earnings per share from continuing operations was up 79% to a first-quarter record $1.00.On an adjusted basis, total segment profit increased 39% to a…

  • Emerson Completes Pentair Valves & Controls Acquisition

    Emerson (NYSE: EMR) today announced that it has completed the purchase of the Valves & Controls business from Pentair plc (NYSE: PNR) for $3.15 billion. “This acquisition enables us to continue to grow our global footprint in automation and expand our leadership position in key served markets such as chemical,…

  • Topcon Introduces New GNSS Receiver Boards with Expanded Constellation Tracking

    Topcon Positioning Group announces two new full constellation GNSS receivers for the original equipment manufacturer (OEM) market. The new B111 and B125 boards are designed for use with a broad range of positioning applications. The boards utilize the GPS, GLONASS, BeiDou and Galileo constellations with the B111 tracking signals in the L1 and L2 frequency…

  • Technology leader Ebm-papst opens think tank

    ebm-papst Group, world market leader for fans and motors from Mulfingen in Baden-Württemberg (with revenue of €1.7 billion and 13,000 employees), has opened its new research and development center in Osnabrück. In cooperation with its subsidiary ebm-papst Landshut, which specializes in gas heating, the R&D center will develop combustion control…

  • Snap-on Announces First Quarter 2017

    Snap-on Incorporated , a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks, today announced operating results for the first quarter of 2017. • Net sales of $887.1 million increased $52.9 million, or 6.3%, from 2016 levels, reflecting…

  • Emerge Energy Services LP Acquires Local Sand Operation For $20M

    Insight Equity Holdings LLC (“Insight Equity”), a leading middle-market private equity firm, is pleased to announce that its portfolio company, Emerge Energy Services LP, has closed a transaction to acquire Osburn Materials, a local sand producer based outside of San Antonio, Texas, for approximately $20 million. The transaction was funded…

  • Siemens Launches New Business to Digitalize the U.S. Rail Industry

    Siemens is launching Digital Rail Services in the U.S., a new business that will use intelligent sensors and advanced software platforms to put intelligence behind billions of data points created on the country’s rail systems. This insight will help rail operators across the U.S. improve their operations and create an…