Industry News

Caterpillar Inc. today announced profit per share of $0.93 for the second quarter of 2016, a decrease from $1.31 per share in the second quarter of 2015. Excluding restructuring costs, profit per share was $1.09, down from $1.40 per share in the second quarter of 2015. Second-quarter 2016 sales and revenues were $10.3 billion, down from $12.3 billion, or 16 percent, in the second quarter of 2015.."/>
Caterpillar Reports Second-Quarter 2016 Results; Second Quarter Better Than Expected / Revised Full-year Outlook In Line With Wall Street Estimates
Astec Industries. But the Chattanooga-based maker of equipment for building, paving and mining industries is facing a bumpier road overseas with currency devaluations and a weakening global energy market cutting international sales this year. Astec said Tuesday its second quarter earnings jumped nearly 55 percent over a year..."/>
Astec Industries shares are at an all-time high [Chattanooga Times Free Press, Tenn.]
Rollins Inc declared on Tuesday that its board of directors authorised a regular common stock cash dividend of USD0.10 per share. All stockholders of record at the close of business 10 August 2016 will receive the dividend payment on 9 September 2016.. Through its subsidiaries, Rollins provides pest and termite control services to homes and businesses in Australia, the US, Canada, Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa and Mexico."/>
Rollins declares quarterly dividend of USD0.10 per share
Enphase Energy, Inc., a global energy technology company, today announced it has entered into strategic partnerships with four key distribution partners which will further strengthen Enphase's operations and influence in Benelux. The companies will distribute the world-leading Enphase microinverter system to key installers across Belgium, The Netherlands, and Luxembourg. The new distribution partners include:."/>
Enphase Energy Expands Customer Base in Benelux
Systemair AB with broken fiscal year 1 May to 30 April, the Annual General Meeting will be held on Thursday, 25 August 2016 at 3 p.m. in the auditorium, Systemair Expo, in Skinnskatteberg.. Convening notice to the Annual General Meeting, the proposed agenda and the proposed decisions in its entirety, is attached to this press release and published on the company's website On the website there is also a proxy form and the ability to sign up for participation in the..."/>
Systemairs Annual General Meeting on 25 August 2015
Yamaha establishes second R&D centre in India [Mint, New Delhi]
Jaiprakash Power Ventures Ltd, part of the debt-laden Jaypee Group, on Tuesday said its lenders have recommended the invocation of strategic debt restructuring. The power producer will be the second group company after Jaiprakash Associates Ltd, where lenders have recommended or discussed invoking SDR. "The lenders are planning on an SDR in the power arm because it allows them some time to manage a standard asset classification."/>
Jaiprakash Power lenders to invoke strategic debt revamp [Mint, New Delhi]
Jaiprakash Power Ventures Ltd of Rs.656 crore and Rs.2, 272.46 crore to' D' or a default rating from' B'. The agency also reaffirmed its' D' rating on long-term bank facilities of Rs.12, 241.53 crore. Care Ratings also said it has withdrawn Jaiprakash's Rs.2, 272.46 crore bank facilities pertaining to its Bina thermal power plant from its credit watch."/>
Care Ratings downgrades bank facilities of Jaiprakash Power to 'D' [Mint, New Delhi]
Huntington Ingalls Industries nearly $195 million to continue advance work toward the mid-life overhaul of the aircraft carrier USS George Washington. The overhaul will be performed at HII's Newport News Shipbuilding division. The George Washington is currently at Naval Station Norfolk."/>
Huntington Ingalls awarded $195M toward carrier overhaul [Daily Press (Newport News, Va.)]
Tennant Co. posted a 3.4 percent increase in earnings for the second quarter, carried by record sales in the Americas region. The Golden Valley-based maker of floor cleaning machines posted net income of $15.3 million for the quarter, up from $14.8 million in the same quarter of 2015.. Diluted earnings per share for April, May and June were 85 cents per share, up 7.6 percent from the 79 cents per share in the same quarter last year."/>
Tennant posts positive second-quarter results, buoyed by record sales in Americas region [Star Tribune (Minneapolis)]
Caterpillar Inc.' s 2016 second-quarter numbers and the results look pretty good. Profit per share of $1.09 beat Wall Street estimates by a solid 13 cents, while sales and revenues of $10.3 billion bested Street expectations by $280 million. But the devil is in the details, and it's clear all Peoria-based Caterpillar knows these days are sad songs."/>
Caterpillar continues struggle in second quarter [Herald & Review, Decatur, Ill.]
IRB Infrastructure Developers Ltd and Sterlite Power Grid are gearing up to list their Infrastructure Investment Trusts, and one of them will be the first in India to do so, according to three people aware of the development. Toll road developer IRB is looking to file its so-called draft red herring prospectus for its InvIT as early as around the middle of August, said one of the three people cited above. InvITs are trusts that manage income-generating..."/>
Sterlite?Power,?IRB Infrastructure inch closer to InvIT launches [Mint, New Delhi]
Accuride Corp., a supplier of components for commercial vehicles in North American and European markets, reported second quarter 2016 net sales of $164.1 million, a decrease of $21.3 million, or 11.5 percent, compared to the second quarter of 2015.. The company achieved positive net income of $2.5 million, or earnings of $0.05 per share, in the second quarter. That's down from $0.13 per share in the second quarter of 2015, when revenues were much higher due to near-record..."/>
Accuride Corp. reports second quarter results [The Gleaner, Henderson, Ky.]
Anixter International, a supplier of wire and cable, said it's seeing a "persistent slow global growth environment" and is cutting about 150 jobs, although its second-quarter earnings results were better than expected. The Glenview-based company, which said it's striving for "ongoing expense discipline," in late 2015 completed the acquisition of the power solutions business from HD Supply for $829.4 million. In the second quarter of 2016, Anixter took pretax charges..."/>
Glenview-based Anixter cutting 150 jobs after deal, sees slow global growth [Chicago Tribune]
Xpress, a restaurant that opened last fall at Railroad Square, has closed after 10 months in business. The restaurant specialized in French-toast breakfasts with thick slices of bread toasted and spread with a variety of toppings. Owner Cindy Scott opened Toast Xpress Sept. 29 at 10 Railroad Square in a space that formerly housed Glass Express, a business that had been there for many years."/>
Toast Xpress closes in Waterville [Morning Sentinel, Waterville, Maine]
Huron Consulting Group Inc. has entered into an agreement to acquire Quincy, Massachusetts-based healthcare information technology specialists Healthcare Services Management, Inc., the company said. Terms of the acquisition, which is expected to close in August 2016, were not disclosed. Together, Huron and HSM expect to cover a range of EHR technology solutions."/>
Huron Consulting Group to Acquire Healthcare IT Specialist HSM Consulting
Xerium Technologies, Inc., a leading global provider of industrial consumable products and services, today announced the pricing of its $480 million aggregate principal amount of 9.500% Senior Secured Notes due 2021. The Notes will be issued at a price equal to 98.540% of their face value. The Notes will pay interest semi-annually in arrears on February 15 and August 15 of each year beginning on February 15, 2017 and will mature on August 15, 2021, unless..."/>
Xerium Technologies, Inc. Announces Pricing of Senior Secured Notes Offering

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