Friday, February 22, 2019
All News
Teledyne Technologies Reports Third Quarter Results
November 2, 2017
THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Teledyne Technologies Incorporated (NYSE:TDY): Sales of $662.2 million an increase of 25.7% compared to last year Record GAAP earnings per diluted share of $1.90 Raising full year 2017 GAAP earnings outlook to $6.10 to $6.15, an increase from the prior outlook of $5.60 to $5.70 Raising full year 2017 adjusted
ATI and Tsingshan to Form Innovative Stainless Steel Joint Venture
November 2, 2017
PITTSBURGH--(BUSINESS WIRE)--Allegheny Technologies Incorporated (NYSE: ATI) today announced that it has reached a definitive agreement to form an innovative 50-50 joint venture (JV) with an affiliate company of Tsingshan Group (Tsingshan). Tsingshan is vertically integrated and is the world’s largest stainless steel producer. Formation of
Amphenol Announces Fourth Quarter 2017 Dividend Payment
November 2, 2017
WALLINGFORD, Conn.--(BUSINESS WIRE)--Amphenol Corporation (NYSE:APH) announced today that its Board of Directors approved the fourth quarter 2017 dividend on its Common Stock in the amount of $.19 per share at its meeting held on November 1, 2017. The Company will pay this fourth quarter 2017 dividend on or about January 10, 2018 to shareholders of
AerCap Holdings N.V. Reports Financial Results for the Third Quarter 2017 and Announces New Share
November 2, 2017
DUBLIN--(BUSINESS WIRE)--AerCap Holdings N.V. (NYSE:AER): Net income of $265.8 million for the third quarter of 2017 and $809.9 million for the nine months ended September 30, 2017 Diluted earnings per share of $1.62 for the third quarter of 2017 and $4.77 for the nine months ended September 30, 2017 Highlights 89 aircraft transactions executed in
AC&A, a Portfolio Company of AE Industrial Partners, Acquires Applied Composites Engineering
November 2, 2017
LAKE FOREST, Calif.--(BUSINESS WIRE)--AC&A Enterprises, LLC, (“AC&A”), a leading supplier of composite and metallic parts in the aerospace, defense, space, and specialty automobile markets, announced today that it has acquired Applied Composites Engineering, Inc. (ACE), a leader in advanced composites engineering and
Atotech USA Surpasses 3 Million Safe Work Hours
November 2, 2017
The Rock Hill, South Carolina-based company says it is continually looking for ways to improve the safety culture of our workplace.  Atotech USA recently surpassed 3 million safe work hours without a lost time accident.  The Rock Hill, South Carolina-based company says it is continually looking for ways to improve the
DowDuPont Reports Third Quarter 2017 Results
November 2, 2017
MIDLAND, Mich. & WILMINGTON, Del.--(BUSINESS WIRE)--DowDuPont (NYSE: DWDP): Third Quarter 2017 Highlights DowDuPont reported GAAP diluted earnings1 per share of $0.32. Pro forma adjusted earnings2 per share of $0.55 increased 10 percent compared to the year-ago period. Pro forma adjusted earnings per share excludes significant items in the
Orbital ATK Announces Third Quarter 2017 Financial Results
November 2, 2017
DULLES, Va.--(BUSINESS WIRE)--Orbital ATK, Inc. (NYSE: OA), a global leader in aerospace and defense technologies, today reported financial results for the third quarter of 2017, highlighted by strong revenue and earnings growth, robust cash flow and new orders, and record contract backlog. Orbital ATK reported revenues of $1,216 million in the
Honda’s Most Powerful U.S. Engine—in a Crate
November 2, 2017
Honda is an engine company. Blog Post: 11/2/2017 Gary S. Vasilash Editor-in-Chief, Gardner Business Media, Inc. Honda is an engine company. It just happens to wrap things around those engines, like Accords, Gold Wings and snow blowers. One of the engines in the company’s suite of offerings comes off a production line in Anna, Ohio. It is the
Reusing Post-Consumer Plastics as a Concrete Strengthening Additive
November 2, 2017
Exposing discarded plastic to doses of gamma radiation changes the material’s crystalline structure in a way that makes the plastic stronger, stiffer and tougher. MIT undergraduate students have found a way to make stronger concrete blocks using recycled plastic bottles. The students have found that by exposing plastic flakes to small,
Pretreatment Preps Parts for Zirconium Coatings
November 2, 2017
Designed to operate in a zirconium pretreatment system, Calvary Industries’ Advantech D1490 prepares parts to receive conventional or dry-in-place zirconium coatings while preventing flash rust. It removes scale, slag and oxidation from heat-affected areas of parts. New Product Post: 11/2/2017 Designed to operate in a zirconium pretreatment
Therma Quenching Oils Provide Efficient Use
November 2, 2017
Condat’s Therma range of quenching oils have evolved in order to comply with requirements and regulations related to the use of oils, with the products formulated exclusively from Group III, highly refined base oils ensuring safer and more efficient use. New Product Post: 11/2/2017 Edited by Bart Bishop Assistant Editor, Production Machining
Ferro Acquisition of Endeka Completed
November 2, 2017
CLEVELAND & CASTELLON, Spain--(BUSINESS WIRE)--Ferro Corporation (NYSE: FOE), a leading global provider of functional coatings and color solutions, today announced the closing of the previously communicated acquisition of Endeka Group, a global producer of high-value coatings and key raw materials for the ceramic tile market. Endeka produces
Shelby American Unveils Next Gen Shelby 1000 Track Car
November 2, 2017
LAS VEGAS LAS VEGAS--(BUSINESS WIRE)--Shelby American CEO Joe Conway has announced that the team at Shelby American, Inc., has once again rocked the automotive world with the return of its legendary Shelby 1000. Based on the 2015 and newer Ford Mustang GT, the 1,000 horsepower track car was unveiled today at Shelby American’s Las Vegas
Tenneco to Webcast Presentation at Baird’s 2017 Global Industrial Conference
November 1, 2017
LAKE FOREST, Ill.--(BUSINESS WIRE)--Tenneco Inc. (NYSE: TEN) will participate in Baird’s 2017 Global Industrial Conference to be held in Chicago, Illinois on Wednesday, November 8, 2017. The webcasted presentation is scheduled to begin at 4:30 pm Eastern and run for 25 minutes. Tenneco’s Chief Executive Officer, Brian Kesseler, will
ON Semiconductor Recognized on the Ethisphere Institute's 2017 List of Attorneys Who Matter
November 1, 2017
PHOENIX--(BUSINESS WIRE)--ON Semiconductor (Nasdaq: ON) announced today that Sonny Cave, executive vice president, general counsel, chief compliance and ethics officer, chief risk officer and corporate secretary, has been recognized by the Ethisphere Institute as one of the 2017 Attorneys Who Matter. Attorneys Who Matter represent all areas of
PET Bottle Recycling Declines in 2016
November 1, 2017
Exports to Asia and other markets outside North America dropped 11 percent over 2015, marking the sixth year of off-shore export decline. A new report from the National Association for PET Container Resources (NAPCOR) and The Association of Plastic Recyclers (APR) shows in 2016, the U.S. recycling rate was 28.4 percent for polyethylene
Badger Meter Signs Agreement to Acquire Assets of Carolina Meter & Supply
November 1, 2017
MILWAUKEE--(BUSINESS WIRE)--Badger Meter, Inc. (NYSE: BMI), a leading global innovator and manufacturer of flow measurement, control and communications solutions, today announced it has signed an agreement to acquire assets of Carolina Meter & Supply, based in Wilmington, North Carolina, as well as to hire their five employees. Carolina Meter
Westlake Chemical Partners LP Announces Third Quarter Distribution
November 1, 2017
HOUSTON--(BUSINESS WIRE)--The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the "Partnership") (NYSE:WLKP) declared on Wednesday a distribution of $0.3756 per unit, representing a 2.9% increase from the second quarter 2017 distribution. This is the thirteenth quarterly distribution
Occidental Petroleum Announces 3rd Quarter 2017 Results
November 1, 2017
HOUSTON--(BUSINESS WIRE)--Occidental Petroleum Corporation (NYSE:OXY) today announced its third quarter 2017 financial results. The announcement, financial schedules and accompanying slides can be accessed via the Investor Relations section of the company’s website, www.oxy.com. The earnings release is also available on the Securities and
Ecolab Completes Sale of Equipment Care Business to Audax
November 1, 2017
ST. PAUL, Minn.--(BUSINESS WIRE)--Ecolab Inc. announced today it has completed the sale of Equipment Care to Audax Private Equity, a Boston, Mass.-based private equity firm. Equipment Care had 2016 sales of $180 million. No further details were disclosed. About Ecolab A trusted partner at more than one million customer locations, Ecolab
Terra Nitrogen Company, L.P. Reports Third Quarter 2017 Results
November 1, 2017
DEERFIELD, Ill.--(BUSINESS WIRE)--Terra Nitrogen Company, L.P. (TNCLP) (NYSE: TNH) today reported net earnings of $22.8 million on net sales of $84.6 million for the quarter ended September 30, 2017. This compares to net earnings of $28.8 million on net sales of $90.2 million for the 2016 third quarter. Net earnings
CF Industries Holdings, Inc. Reports Third Quarter Net Loss of $87 Million and EBITDA of $139
November 1, 2017
DEERFIELD, Ill.--(BUSINESS WIRE)--CF Industries Holdings, Inc. (NYSE: CF), the global leader in nitrogen products manufacturing and distribution, today announced results for its third quarter ended September 30, 2017. Highlights Net loss of $87 million, or $0.37 per diluted share; adjusted net loss(1) of $90 million or $0.39 per diluted
Rayonier Advanced Materials Reports Third Quarter 2017 Results
November 1, 2017
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Rayonier Advanced Materials Inc. (the “Company”) (NYSE:RYAM) today reported third quarter 2017 net income of $16 million, or $0.28 per diluted common share compared to $22 million, or $0.44 per diluted common share in the third quarter of 2016. Third quarter 2017 pro forma net income was $10 million,
EP Minerals, LLC Announces Price Increases for All Diatomaceous Earth, Perlite, Clay, and Cellulose
November 1, 2017
RENO, Nev.--(BUSINESS WIRE)--EP Minerals, LLC, a global leader in industrial minerals and engineered materials, announced today that it is implementing a 3-10% price increase across all grades of diatomaceous earth, perlite, clay and cellulose products effective November 1, 2017, or as existing contracts allow. The increase will be applied in all
Ferro Momentum Continues with Strong Growth in the Third Quarter
November 1, 2017
CLEVELAND--(BUSINESS WIRE)--Ferro Corporation (NYSE: FOE), a leading global provider of functional coatings and color solutions, today reported results for the third quarter ended September 30, 2017. Third Quarter Financial and Operating Highlights *: Net sales increased 21.3%, to $350.0 million Organic sales rose 4.9% on a constant currency
Ingevity reports third quarter 2017 financial results
November 1, 2017
NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Ingevity Corporation (NYSE:NGVT) today reported third quarter net sales of $264.1 million and net income of $38.4 million, representing 14.5 percent of sales. Sales increased 4.6 percent versus $252.4 million in the prior year’s third quarter and net income increased $43.3 million versus a net loss of
ISN and Redline Detection Announce Exclusive Partnership
November 1, 2017
LAS VEGAS--(BUSINESS WIRE)--Redline Detection, the industry leader in diagnostic leak detection equipment, announced today an exclusive partnership with Integrated Supply Network (ISN). The award-winning Air Brake NanoLeak Finder™ will be available on January 1, 2018 exclusively through ISN. The new equipment is being demonstrated at the
Watts Water Technologies Reports Third Quarter 2017 Results
November 1, 2017
NORTH ANDOVER, Mass.--(BUSINESS WIRE)--Watts Water Technologies, Inc. (NYSE: WTS) today announced third quarter 2017 results. Sales of $365 million increased 7% compared to the same period in 2016. Third quarter GAAP EPS was $0.77 as compared to $0.63 for the same period last year. The increase was driven by higher volume, strong operating
Allied Motion Reports 10% Growth in Earnings per Share for Third Quarter 2017 Results
November 1, 2017
AMHERST, N.Y.--(BUSINESS WIRE)--Allied Motion Technologies Inc. (NASDAQ:AMOT) (“Company”), a designer and manufacturer that sells precision motion control products and solutions to the global market, today reported financial results for the third quarter ended September 30, 2017. Revenue increased 6.4% to $65.0 million Orders were up
CACI Reports Results for Its Fiscal 2018 First Quarter
November 1, 2017
ARLINGTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE:CACI), a leading information solutions and service provider to the federal government, announced results today for its first fiscal quarter ended September 30, 2017. CEO Commentary and Outlook Ken Asbury, CACI’s President and CEO, said, “I am very pleased with our first
Allied Motion Announces Quarterly Cash Dividend
November 1, 2017
AMHERST, N.Y.--(BUSINESS WIRE)--Allied Motion Technologies Inc. (NASDAQ: AMOT), a designer and manufacturer that sells precision motion control products and solutions to the global market, announced that its Board of Directors, at its meeting today, approved a quarterly cash dividend payment of $0.025 per share. The dividend will be payable on
Top Shops Profile: XL Machine
November 1, 2017
XL Machine Co. Inc. was 2017's Top Shops Honors Program winner in the category of machining technology. Article Post: 11/1/2017 Derek Korn Executive Editor, Modern Machine Shop XL Machine has more than 75 machine tools, including HMCs, five-axis machines, turn/mills and more.  Each of XL Machines’ more than 20 HMCs can hold
3 Perspectives on Machine Monitoring
November 1, 2017
“It’s all about making better decisions—decisions that help improve shopfloor operations.” That’s a statement I made at least twice when introducing a panel of machine-monitoring experts brought together for a presentation on data-driven manufacturing at the Top Shops Conference in Indianapolis, Indiana, in September.
Buying an HMC: Peripheral Equipment Considerations
November 1, 2017
Is it time to move up to an HMC? Let’s consider some of the peripheral equipment that HMC buyers should think about.Blog Post: 10/25/2017 Barry Rogers President, Alpha Strategies This blog post is adapted from an article by Barry Rogers that appeared in the May edition of the Machine/Shop print supplement to Modern Machine Shop. In the first
Buying an HMC: Tooling and Workholding Considerations
November 1, 2017
Is it time to move up to an HMC? Let’s look at tooling- and workholding-related concerns that those interested in acquiring an HMC will want to keep in mind.Blog Post: 10/5/2017 Barry Rogers President, Alpha Strategies This blog post is adapted from an article by Barry Rogers which appeared in the May edition of the Machine/Shop print
Damped Tools Enable Complex Boring, Milling Operations
November 1, 2017
Persistent chatter can be a very difficult manufacturing issue to solve. Machining shops have turned to solutions such as reducing spindle speeds, increasing the feed rate, taking a heavier depth of cut, changing the nose radius or geometry of the insert, welding steel to the boring bar, wrapping rubber bands around the outside of the part,
Tredegar Board Declares Dividend
November 1, 2017
RICHMOND, Va.--(BUSINESS WIRE)--The board of directors of Tredegar Corporation (NYSE:TG) declared a quarterly dividend of eleven cents ($0.11) per share on the company’s common stock. The dividend is payable on January 1, 2018 to shareholders of record at the close of business on December 15, 2017. Tredegar Corporation is a manufacturer of
AAPEX 2017 Announces New Packaging Showcase Winners
November 1, 2017
LAS VEGAS--(BUSINESS WIRE)--AAPEX 2017 announced the winners of the New Packaging Showcase during an awards ceremony Tuesday, Oct. 31, at the Sands Expo in Las Vegas. AAPEX represents the $740 billion global automotive aftermarket industry and runs through Thursday, Nov. 2. Tom Egan, vice president, Industry Services, PMMI – the Association
TurbineAero Wins Prestigious C-17 Globemaster APU MRO Services Contract with Boeing
November 1, 2017
CHANDLER, Ariz.--(BUSINESS WIRE)--TurbineAero is pleased to announce the signing of a multi-year Auxiliary Power Unit (APU) Maintenance Repair and Overhaul (MRO) services agreement with Boeing to support the C-17 Globemaster Program. TurbineAero will provide APU and Line Replaceable Unit (LRU) MRO Services for the GTCP331-250G APU. As the exclusive
Data-Driven Manufacturing Is The First Order of Business
November 1, 2017
What should manufacturers be doing right now? One urgent exhortation is to connect machine tools and other production systems to share data, then use this data to improve performance. Computer networks based on internet technology make this a compelling (and practical) possibility. Getting connected, we can say, is a prescription, a directive, a
What Is an IIoT Platform?
November 1, 2017
An IIoT platform is a set of hardware and software facilities that assist and support applications for industrial companies using the internet to connect devices and equipment. This use of the internet is now commonly called the Industrial Internet of Things (IIoT). Such platforms may provide an operating environment, computer processing
Simulation Software Helps Shop See, Prevent Costly Errors
November 1, 2017
Maximizing machine uptime, and therefore profitability, requires contract manufacturers to set up parts quickly and machine them accurately. But experiencing errors, or a spindle or tool crash, can quickly turn a profitable job into a loss. Kurt Manufacturing of Minneapolis, Minnesota, learned how to prevent these problems and balance speed with
Industrial Filtration Market - Trends and Forecasts by Technavio
November 1, 2017
LONDON--(BUSINESS WIRE)--Technavio’s latest report on the global industrial filtration market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
Mitsubishi Motors Reports October Sales
November 1, 2017
CYPRESS, Calif.--(BUSINESS WIRE)--Mitsubishi Motors North America, Inc. (MMNA) reported October 2017 sales of 7,381 down 3.4 percent from October 2016. The fun-to-drive, fuel-efficient Mirage sedan and G4 combined sales were up 18.7 percent for the month. Through 10 months, Mitsubishi calendar year sales are up 5.6 percent with a total of
3Diligent Adds 3D Printed Silicone to its Capabilities, Meeting Demands of Design Innovators
November 1, 2017
LOS ANGELES--(BUSINESS WIRE)--3Diligent announced today it has added silicone 3D Printing to its capabilities and is now accepting requests for quote (RFQs) and is processing orders in the material. “Being able to 3D print silicone is an exciting innovation. At 3Diligent we strive to meet the 3D Printing needs of all designers and are pleased
How a Large Shop Attracts and Retains Employees
November 1, 2017
At the recent Top Shops conference, the COO of Major Tool and Machine offered thoughts about attracting, developing and retaining shopfloor employees. Columns Post: 11/1/2017 Derek Korn Executive Editor, Modern Machine Shop The workforce development panel I moderated at our Top Shops conference this past September in Indianapolis, Indiana,
CORRECTING and REPLACING Kuraray America Inc. Raising Price of All Commercial and XEP Grades of
November 1, 2017
CORRECTION...by Kuraray America, Inc. HOUSTON--(BUSINESS WIRE)--First paragraph, first sentence of release should read: Kuraray America, Inc.’s EVAL™ Business Unit announced today that it will raise the selling price of all commercial and XEP grades of EVAL™ EVOH resin by $0.09/pound effective December 1, 2017 or as contracts
LSB Industries, Inc. to Participate in Upcoming Investor Conferences
November 1, 2017
OKLAHOMA CITY--(BUSINESS WIRE)--LSB Industries, Inc. (NYSE:LXU) (“LSB” or “the Company”) today announced that management will be participating in the following conferences: President and CEO, Daniel Greenwell will be attending the Stephens Fall Investment Conference on Tuesday, November 7, 2017 at the Lotte New York Palace
Mercedes-Benz USA Reports October Sales of 28,955, up 1.0%
November 1, 2017
ATLANTA--(BUSINESS WIRE)--Mercedes-Benz USA (MBUSA) today reported October sales of 28,955 units, an increase of 1.0% from the 28,659 vehicles sold during the same period last year. Mercedes-Benz Vans reported October sales with 2,446 units and smart reported 140 units, bringing the MBUSA grand total to 31,541 vehicles for the month. On a