Industry News

The Eastern Company to pay USD0.11 per share dividend
TriMas Corporation stated on Thursday that its income from continuing operations amounted to USD10.5m for the quarter ended 30 June 2016.. This represents an improvement when compared with income of USD8.5m, or USD0.19 per diluted share, in the second quarter of 2015.. Excluding Special Items related to severance, business restructuring and 2015 debt extinguishment costs, second quarter 2016 diluted earnings per share from continuing..."/>
TriMas Corporation achieves better income of USD10.5m in Q2 2016
EnPro Industries on Thursday declared a regular quarterly dividend of USD0.21 per share of its stock. This dividend is due on 15 September 2016 to shareholders of record at the close of business as of 1 September 2016.. According to the company, it is a manufacturer of sealing products, metal polymer and filament wound bearings, components and service."/>
EnPro Industries approves USD0.21 per share dividend
Standex International Corporation on Thursday declared a quarterly cash dividend of USD.14 per share of the company's stock. This dividend is due on 25 August 2016 to shareholders of record as of 8 August 2016.. In addition, this is the company's 208th consecutive quarterly cash dividend."/>
Standex to pay 208th quarterly cash dividend on 25 August 2016
TriMas Corporation, a provider of engineered and applied products, reported on Thursday that it has appointed Thomas A. Amato as its president, board member and chief executive officer, effective immediately,. In the new position, Amato succeeds David M. Wathen, who has stepped down from these positions as well as from the board of directors. Most recently, Amato served as chief executive officer and president of Metaldyne as well as co-president and chief..."/>
TriMas names Thomas A. Amato as president & CEO
SpiceJet to deposit Rs.580 crore with the court in a case filed by Kalanithi Maran and his Kal Airways Pvt. Ltd regarding a share transfer dispute. Additionally, the Delhi High Court asked both the parties to consider arbitration proceedings to resolve the dispute."/>
Delhi HC asks SpiceJet to deposit Rs580 crore in dispute with Kal Airways [Mint, New Delhi]
Escorts Ltd's stock gained 2% on Thursday after the company reported a stronger-than-expected performance for the June quarter. Revenue increased 9% from a year ago. Operating and net profit jumped 52% and 33.5%, respectively, as low raw material costs boosted profitability."/>
Escorts shines in Q1, demand revival is key [Mint, New Delhi]
Pentair PLC saw profits slip in the second quarter but still beat Wall Street expectations. The pump and filtration maker also signaled slight improvements in the ailing oil and gas sector but ongoing trouble in the agriculture equipment industry. Officials at the maker of industrial and residential pumps, filters, valves and more said Thursday that they are beginning to get calls and orders from oil customers who have long deferred maintenance projects."/>
Pentair PLC beats 2Q expectations but narrows guidance for year [Star Tribune (Minneapolis)]
American Railcar Industries in the second quarter, as demand for railroad cars fell. Net income was $19.9 million, or $1.02 per share in the quarter, compared to $33.0 million, or $1.54 per share, a year earlier. Manufacturing revenues fell 32 percent as the St."/>
BRIEF: Profits drop at American Railcar [St. Louis Post-Dispatch]
Kaman Corp. posted lower second-quarter profits Thursday due to acquisition costs and in comparison with the same period last year when the Bloomfield aerospace and industrial systems manufacturer reported a tax benefit. Net earnings of $16.5 million were down 24 percent. Analysts surveyed by Bloomberg expected adjusted net income for the quarter ended July 1 at $17.8 million."/>
Kaman Corp. Profits Decline In Second Quarter [The Hartford Courant]
Capital Bank as well as Guardian Mortgage Co.."/>
First National Bank merges with regional banking operation in Kansas [The Santa Fe New Mexican]
Owens Corning and Finnish materials company Ahlstrom have terminated a deal under which OC would acquire Ahlstrom's building and wind business, the companies said. The companies said they terminated the agreement following challenges associated with obtaining regulatory clearance in Germany for the transaction. Ahlstrom said it will continue to operate and develop the Building and Wind business unit as before and it will be reported as..."/>
Owens Corning Terminates Deal to Acquire Finnish Fibre Firm Ahlstrom’s Building and Wind Business
GOL announces management reorganization
Raytheon Co. rose Thursday after the company reported a 41 percent jump in second-quarter profits, beating analyst estimates on a one-time gain and stronger sales. The company's Tucson-based Missile Systems unit posted a 6 percent increase in second-quarter sales and a 21 percent jump in operating income, driven mainly by higher sales of Paveway guided-bomb systems. The Waltham, Massachusetts-based parent company reported..."/>
Raytheon 2Q profit jumps, company raises outlook [The Arizona Daily Star, Tucson]
Eaton Corporation plc. Investors who purchased or otherwise acquired shares between November 13, 2013 and July 28, 2014 inclusive, are encouraged to contact the Firm prior to the September 23, 2016 lead plaintiff motion deadline.. If you purchased shares of Eaton during the Class Period, please contact Joon M. Khang, Esquire, of Khang& Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612,..."/>
IMPORTANT INVESTOR ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Eaton Corporation plc and Encourages Investors with Losses to Contact the Firm

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