Month: January 2018

  • Universal Forest Sells Asset For Improved Operating Metrics

    Universal Forest Products, Inc. UFPI recently sold and leased-back its 35-acre Medley, FL-based facility, on the wake of becoming a more efficient supplier and manufacturer going forward. Share price of the company remained nearly flat at $37.84 as of Jan 23, 2018, post this divestment news. http://www.nasdaq.com/article/universal-forest-sells-asset-for-improved-operating-metrics-cm910409

  • Johnson Controls Reports First Quarter Earnings and Re-affirms Full Year Guidance

    Johnson Controls International plc (NYSE: JCI) today reported fiscal first quarter 2018 GAAP earnings per share (“EPS”) from continuing operations, including special items, of $0.25.  Excluding these items, adjusted EPS from continuing operations was $0.54, up 2% versus the prior year period (see attached footnotes for non-GAAP reconciliation). Sales of $7.4 billion increased 5%…

  • MAHLE Service Solutions Introduces Portable Test Station For Vehicle Assembly Plants

    At last week’s North American International Auto Show (NAIAS) held in Detroit, MAHLE Service Solutions launched DataLogiq3 (DL3), a portable integrated computing device for electrical testing and module programming for end-of-line testing in vehicle assembly plants. With no batteries to replace, the device hooks to the steering wheel of a…

  • TEREOS, Ready To Seize New Export Opportunities

    Since 1 October 2017, after 50 years, the European sugar quota system no longer exists. The European market is now liberalized. For several years, the sector has undertaken major adaptation efforts to pre-stage this revolution: on the agricultural level, to increase yields and at the industrial level, to reduce production costs. https://tereos.com/nos-actualites/tereos-pret-pour-saisir-les-nouvelles-opportunites-lexport

  • Liebherr: High Performance Twins Improve Logistics At Emden’s Nordkai Terminal

    The employees at Ems Ports Agency & Stevedoring (EPAS) Beteiligungs GmbH & Co. KG in Emden, Germany have many years of experience in working with mobile harbour cranes. To further increase the turnover capacity, the German port company invested in high-end mobile harbour crane technology from Liebherr. Early in 2018…

  • Europe’s Boels Rental To Implement JLG’s ClearSky Telematics System

    Boels Rental, based in The Netherlands, is the first equipment rental company in Europe to implement JLG’s ClearSky fleet management system on a large scale, JLG said. In March, the first batch of 740 new machines will be equipped with the ClearSky CAN hardware that provides real-time insight into a wealth…

  • Hitachi Reports Consolidated Financial Results for the Third Quarter Ended December 31, 2017

    Hitachi’s consolidated revenues for the nine month period ended December 31, 2017 increased 2% year over year, to 6,674 billion yen. Adjusted operating income increased to 474.5 billion yen, an increase of 101.4 billion yen year over year. Income from continuing operations, before income taxes increased 111.1 billion yen year…

  • Siemens: Earnings Release and Financial Results Q1 FY 2018; Strong Order Growth Highlights Successful First Quarter

    Orders rose 14% to €22.5 billion and revenue was up 3% at €19.8 €billion, including strong growth contributions from Mobility and Digital Factory and new business particularly resulting from the merger of Siemens’ wind power business with Gamesa Corporación Tecnológica, S.A. Book-to-bill ratio rose to reach 1.13, the highest ratio…

  • Ingersoll Rand Reports Fourth-Quarter and Annual 2017 Results

    Ingersoll-Rand plc (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, today reported diluted earnings per share (EPS) from continuing operations of $1.93 for the fourth quarter of 2017. Adjusted continuing EPS of $1.02 excludes primarily non-cash tax-related benefits of $241.2 million ($0.95) related to United States tax…

  • Mahle Expands FluidPro Fluid Exchange Systems Line

    Mahle Service Solutions has added four new devices to its FluidPro line of fluid exchange solutions for the commercial vehicle market, designed to increase shop productivity. The FluidPro CFF-1HD Multi-Fluid Filtration System is an all-in-one machine that can clean a wide variety of industrial fluids and is designed for versatility…

  • Energyhub and Rheem Partner to Bring Grid-Interactive Water Heating to Utility Customers

    EnergyHub, the leading provider of connected device and distributed energy resource (DER) solutions for utilities, and Rheem®, a leading global manufacturer of heating, cooling and water heating equipment, announced today they have integrated Rheem intelligent water heaters with the EnergyHub Mercury DERMS platform. EnergyHub’s utility clients can now aggregate, monitor,…

  • Fortune Brands Reports Sales And EPS For Q4 And Full Year; Provides 2018 Annual Outlook For Continued Growth

    Q4 2017 sales increased 6 percent year-over-year to $1.4 billion with EPS of $0.83; EPS before charges/gains increased 13 percent to $0.80. Full-year 2017 sales were $5.3 billion, an increase of 6 percent over 2016 with EPS of $3.05; EPS before charges/gains increased 12 percent to $3.08. Company expects full-year…

  • Henkel Offers Loctite Tire Bonding Solution with Outstanding Adhesion for Acoustic Foams and Integrated Sensor

    The continuous reduction of driving noises in automotive engineering has resulted in a greater focus of designers on the noise resonating from tire cavities. Tire manufacturers are increasingly adopting new acoustic foams that are bonded to the inside surface of the tread material in order to minimize the noise transfer.…

  • Harbor Freight Tools Set for April opening in Morganton

    A new business soon will open its doors in the Magnolia Plaza shopping center in Morganton. Harbor Freight Tools confirmed it will be opening a location in Morganton on Burkemont Ave. The soft opening date for the store is April 17, with a grand opening planned for May 2. According…

  • Masco Adds Plumbing Specialist Mercury To Its Portfolio

    Masco Corp. has picked up a pair of Ohio companies, including Mercury Plastics Inc., a pipe, profile and tubing extruder. It lso announced its acquisition of Independence, Ohio-based Kichler Lighting, Jan. 8. Terms were not disclosed. Masco of Livonia, Mich., is a publicly traded holder of a variety of companies…

  • Masco Corporation Announces Signing Of Definitive Agreement To Acquire Kichler Lighting

    LIVONIA, Mich.–(BUSINESS WIRE)– Masco Corporation (NYSE: MAS), one of the world’s leading manufacturers of branded home improvement and building products, announced today the signing of a definitive agreement to acquire The L.D. Kichler Co. (“Kichler Lighting”), a leading developer of decorative residential and light commercial lighting products, ceiling fans and LED lighting systems across…

  • Pierburg Supplying Electric-Vehicle Components for the NAFTA Market

    In terms of output, the pumps, which will recirculate the coolant in these luxury vehicles, are to be delivered in a smaller version (CWA 50, 50 watts) and a larger one (CWA 100, 100 watts). The delivery period for the pumps is scheduled for production in 2017, will continue into…

  • H.B Fuller Reports Fourth Quarter And Fiscal Year 2017 Results

    More than 30 percent revenue growth versus 2017 fiscal year; 6 to 7 percent revenue growth on a pro forma basis; Adjusted EBITDA3 of approximately $465 million, an increase of about 60 percent versus 2017 and approximately 13 percent growth versus 2017 on a pro forma basis; Adjusted diluted EPS1a…

  • Liebherr With Innovative Appliances At The Leading Trade Fairs For The Hotel And Gastronomy Sector

    Liebherr showcases current product highlights in Stuttgart and Hamburg at the two most important leading trade fairs for the hotel and gastronomy sector. One of the focal points at the Liebherr exhibition stand is the topic “SmartMonitoring”, an innovative solution for monitoring professional fridges and freezers. Customers record and save…

  • Milwaukee Tool Announces Planned Expansion of Brookfield, Wis. Headquarters, Creating Over 350 New Jobs

    With a planned total investment of $32MM, Milwaukee Tool is proposing another major expansion at their global new product development center in Brookfield, WI.  A 114,500 square foot, multi-story building would be built on an existing 3.5 acre lot owned by Milwaukee Tool, bringing their global headquarter space from 190,000…

  • Topcon Launches New Manual Total Station

    Topcon Positioning Group has announced the GM-100 total station designed to provide a powerful EDM along with advanced integrated communications technology in a manual package. The GM-100 features dual-axis compensation designed to ensure stable measurements even on rough terrain by automatically correcting both horizontal and vertical angles. The instrument offers integrated Bluetooth technology…

  • Kingspan Begins Manufacturing Of Thermaroof In UAE

    Kingspan Insulation has begun manufacturing its Thermaroof TR22 insulation range. The addition of the insulation line enables Kingspan Insulation to address market demand in the region for good quality building roof insulation. Kingspan Thermaroof TR22 is a high compressive strength insulation cover board that can be used in overlaying new and existing flat roofs waterproofed…

  • Sustainable Development: Tereos’ Commitment To Climate Acknowledged

    Upon completion of an evaluation of its sugar business in France, Tereos has been ranked amongst the top 12% companies evaluated by the CDP (Carbon Disclosure Project) rating agency for its hard work in the fight against global warming. More than 5,600 companies were evaluated for the ranking. The methodology…

  • Newell Brands Exploring Sale for Industrial & Commercial Brands, 50% Factory Cuts

    Newell Brands Inc. — perhaps best known for products like Sharpie markers, Graco baby strollers, Rubbermaid containers and Elmer’s glue — announced a series of strategic initiatives on Friday that include selling off a number of industrial and commercial brands. The Hoboken, NJ-based company said it aims to focus its…