Industry News

IDEX CORPORATION announced today that it has entered into a definitive agreement to acquire SFC KOENIG AG, a global leader in the manufacturing of metal– to– metal seal and flow control solutions serving a variety of industries, for cash consideration based on an enterprise value of €217 million, subject to customary post– closing adjustments. SFC KOENIG, headquartered in Dietikon, Switzerland, produces highly engineered expanders and check valves for..."/>
IDEX Corporation to Acquire SFC KOENIG AG
Pitney Bowes Borderfree Retail Platform. SYDNEY---- Pitney Bowes Inc., a global technology company that provides innovative products and solutions to power commerce, today announced that it is expanding its business in Australia to provide global ecommerce solutions to retailers looking to sell their goods across international borders. With the Pitney Bowes Borderfree Retail solution, Australian retailers..."/>
Pitney Bowes Expands Business in Australia with Global Retail Ecommerce Solutions
Covenant Transportation Group hit a bumpier road this spring, cutting net income by two thirds on freight revenues that fell by 9.5 percent from a year ago. The Chattanooga-based trucking firm said today its second quarter net income was $3.6 million, or 20 cents per share, on revenues of $158.8 million. In the same period a year ago, Covenant reported net income of $11 million, or 60 cents per share, on revenues of $144.4 million."/>
Covenant profits, sales drop but trucking firm still beats analyst forecasts [Chattanooga Times Free Press, Tenn.]
Cubic Corp. said this week that it has landed several military training contracts totaling nearly $100 million. The company's Cubic Global Defense arm was awarded a five-year, $73 million contract to support aviation simulator training for the U.S. This is the third time in a row that Cubic has won the contract, dating back to 2005.."/>
Cubic awarded military training contracts [The San Diego Union-Tribune]
FDK Introduces New Series "Dual Tomodachi" of Digital POL
Mitsubishi Heavy Industries, Ltd. will transfer the food packaging machinery operations currently performed by Nagoya-based Mitsubishi Heavy Industries Food& Packaging Machinery Co., Ltd. to Mitsubishi Heavy Industries Mechatronics Systems, Ltd., which is located in Kobe. The integration of these operations at Kobe is being carried out as part of MHI's strategy to strengthen the structures of its businesses of small and medium..."/>
Food Packaging Machinery Operations to be Transferred to Mitsubishi Heavy Industries Mechatronics Systems
Pinnacle Financial Partners will be the first tenant in the $40 million offfice building Boyle Investment Co. will soon start building at 949 Shady Grove in East Memphis, Boyle announced Wednesday. The Nasvhille-based bank Pinnacle also has signage rights and is the construction lender for the six-story building of 155,000 square feet. The structure at the southwest corner of Shady Grove and Briarcrest will serve as the bank's Memphis headquarters starting in the..."/>
Nashville bank to anchor $40M office building planned by Boyle [The Commercial Appeal, Memphis, Tenn.]
Boeing Co. on Wednesday acknowledged that its iconic, humpbacked jetliner could be in its final days. In Boeing's 10- Q filing with the Securities and Exchange Commission, the company said it has canceled plans to return to producing one 747 a month in 2019 and is on track beginning in September to reduce production of the airplane to about one every two months. Boeing said in the filing that it has "a number of completed aircraft" that are unsold, and it has production..."/>
A Boeing classic may be in its final days [The Wichita Eagle]
CAI International, Inc. one of the world’ s leading transportation finance and logistics companies, announces the following earnings release date and conference call:. If you are unable to participate during the live conference call and webcast, the call will be archived at www.capps.com for 30 days. View source version on businesswire.com: http://www.businesswire.com/news/home/20160727006682/en/."/>
CAI International, Inc. Announces Q2 2016 Financial Release Date and Conference Call
FLYHT Aerospace Solutions Ltd., a leading provider of real-time data communication technology and services for the aviation industry, today reported financial results for its second quarter ended June 30, 2016.. "FLYHT is excited to share our second quarter results. The Company reported the highest sales revenue on record at $6.7 million for the quarter, which includes our traditional revenue and a previously disclosed sale of intellectual property, "..."/>
FLYHT Reports Second Quarter Results
Neff Corporation today reported its financial results for the second quarter ended June 30, 2016.. Graham Hood, Chief Executive Officer of Neff Corporation, commented,“ The second quarter of 2016 was another solid quarter for Neff’ s rental business as we generated record second quarter results for rental revenues, which increased by 7.8% year-over-year and for Adjusted EBITDA, which increased by 7.6% year-over-year. We also delivered impressive Adjusted EBITDA..."/>
Neff Corporation Announces Second Quarter 2016 Results
Heritage-Crystal Clean, Inc., a leading provider of parts cleaning, used oil re-refining, and hazardous and non-hazardous waste services primarily focused on small and mid-sized customers, today announced results for the second quarter and first half of fiscal 2016, which ended June 18, 2016.. Second quarter and first half highlights include:. Revenues decreased 2.9%, to $80.6 million, compared to $82.9 million in the second quarter of fiscal 2015."/>
Heritage-Crystal Clean, Inc. Announces 2016 Second Quarter Financial Results
Granite Construction Incorporated announced today that is has been awarded a $128 million Construction Manager/General Contractor contract from the California Department of Transportation for the California State Route 99 realignment project in Fresno, California. The project will be booked into second quarter 2016 backlog. Scope of work includes construction of a reconfigured interchange, overhead structures and infrastructure to..."/>
Granite Awarded $128 Million Highway Realignment Project in California
Exco Technologies Limited today announced results for its third quarter ended June 30, 2016. In addition, the Company announced a quarterly dividend of $0.07 per common share which will be paid on September 30, 2016 to shareholders of record on September 15, 2016."/>
Exco Technologies Limited - Results for Third Quarter Ended June 30, 2016
Kirby Corporation today announced net earnings attributable to Kirby for the second quarter ended June 30, 2016 of $38.9 million, or $0.72 per share, compared with $58.1 million, or $1.04 per share, for the 2015 second quarter. Consolidated revenues for the 2016 second quarter were $441.6 million compared with $543.2 million reported for the 2015 second quarter. David Grzebinski, Kirby's President and Chief Executive Officer, commented, "Our..."/>
Kirby Corporation Announces 2016 Second Quarter Results

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