This result reflects the shares issued as part of the acquisition of Cooper Industries and the purchase price accounting charges resulting from the transaction. Sales in the third quarter were $5.6 billion, 42 percent above the third quarter of 2012.
The Commerce Department said Friday orders for durable goods rose 3.7 percent in September, above the 0.2 percent gain in August. But a 57.5 percent jump in aircraft orders accounted for nearly all the gain. Durable goods are meant to last at least three years.
The facility provides greater accessibility for customers on Cape Cod and the Islands. The location will include a Frank Webb’s Bath Center retail showroom, slated to open in the first half of 2014.
The company’s revenues for the third quarter of 2013 were $5.69 billion, an increase of two percent from the second quarter of 2013 and an increase of seven percent from the third quarter of 2012. Operating profit for the third quarter of 2013 was $853 million or 15.0 percent of sales.
According to the newly released PTDA Power Transmission & Motion Control Market Size Report, the North American power transmission and motion control market is estimated at $67.7 billion.
A jump in demand for commercial airplanes boosted orders for long-lasting U.S. factory goods last month. But orders for most other goods fell as businesses cut spending, a possible sign of concern about the partial government shutdown that began Oct. 1.
The company generated more than $1.4 billion in cash flow from operations in the quarter, representing a nearly $300 million, or 27 percent, increase versus the year-ago period. Year to date, Dow has generated $5.6 billion in cash flow from operations, representing an improvement of nearly $3.1 billion compared with the prior year.
Sales grew 5.6 percent year-on-year to $7.9 billion. Organic local-currency sales grew 5.8 percent, acquisitions added 1.5 percent to sales and currency impacts reduced sales by 1.7 percent year-on-year.
The hydrogen supply to North West will come both from the recently announced new world-scale hydrogen production plant Air Products Canada will build in Scotford, Canada, and from Air Products Canada's existing Heartland Hydrogen Pipeline.
The company reported third quarter 2013 net sales of $925 million, up 12 percent from third quarter 2012 net sales of $828 million. This result compares to a $29 million net loss in the third quarter of 2012 or a net loss of $0.28 per diluted share.
Sales were $620 million, compared with $629 million in the same quarter last year. Sales decreased by 2 percent, reflecting a 3 percent organic decline, partially offset by a 1 percent favorable impact from more business days.
The U.S. trade deficit widened only slightly in August, dragged lower by a modest decline in exports. U.S. farmers sold fewer agricultural products overseas, offsetting the best month of sales for American-made cars on record.
Net sales were $68.2 million in the third quarter of 2013 compared to $67.9 million in the third quarter of last year. Operating income improved $2.6 million to $0.9 million in the third quarter of 2013 compared to an operating loss of $1.7 million in the prior year quarter.
The Timken Company reported third-quarter 2013 sales of $1.1 billion. Sales decreased 7% when compared with the same period a year ago, primarily due to weaker demand from the company's broad end markets, partially offset by acquisitions.
Chicago Hi-Speed is a premier industrial distributor of cutting tools, abrasives, fluids, and engineered products along with a wide variety of MRO supplies. Quaker Tool has built and reconditioned high-performance special tools for world-class manufacturers since 1946.
Net sales were $1,931.3 million for the third quarter of 2013, compared to $1,656.2 million for the third quarter of 2012, an increase of 16.6%. Acquisitions positively impacted sales by 14.1%, organic sales increased 3.2%, and foreign exchange negatively impacted sales by 0.7%.
Second quarter sales were $1.28 billion, an increase of 4% over the prior year. Organic sales in the quarter were up 2% over the prior year, with gas and rent up 4% and hardgoods down 2%.
The eurozone's debt burden rose further in the second quarter, official figures showed Wednesday, despite years of austerity that one prominent European Union economist says intensified the financial crisis.
The new On-site Maintenance program brings highly skilled technicians into existing customer garages to provide on-site fleet maintenance and oversight.