The Board of Directors declared a regular quarterly cash dividend of fifty-three and three-quarter cents per share on the company's common stock.
This collaboration will add significant technical expertise and field experience for Penn Stainless Products customers in key areas such as corrosion analysis, material selection and testing.
The ISA Manufacturers Index rose from 55.9% in June to 63.5% in July, while the Distributor Index increased from 61.2% in June to 62.0%.
CMP, located in Mentor, OH, is a manufacturer of precision shaft collars, rigid couplings, keyless locking devices, and bearings for the industrial markets.
Demand for nitrogen continues to grow as local oil and gas operators develop new oil resources in the area. Nitrogen is an inert gas that can effectively replace water that is typically used in hydraulic fracturing.
Fareed Khan, senior vice president and chief financial officer, has decided to leave the company to accept a position with another firm.
Mara is joining Roofing Supply Group from Dean Foods, where he was CFO and part of a leadership team that created over $2 billion in shareholder value during his tenure.
Some electric companies might change their rigid business model. They are increasingly offering plans that sound like come-ons from mobile phone companies: Free nights, free weekends and pre-paid plans.
The Federal Reserve says manufacturing output edged down 0.1 percent in July compared with June. It was the first drop since declines in March and April.
The dividend will be paid on October 22, 2013 to shareholders of record on October 8, 2013.
The brighter sales outlook is the latest sign pointing to a sustained pickup in construction in coming months and comes as applications for permits to build single-family houses are at a five-year high.
July's figure raises the deficit so far for the 2013 budget year to $607.4 billion, the government says. That's 37.6 percent below the $973.8 billion deficit for the first 10 months of the 2012 budget year.
Put people of widely different ages together and there are bound to be differences. Baby boomers, for example, are workaholics, while younger workers may demand more of a work-life balance.
The Commerce Department said Tuesday that business stockpiles were flat in June compared with May. Inventories had fallen a slightly 0.1 percent in May. Sales rose 0.2 percent in June after a solid 1.1 percent increase in May.
U.S. financial officers gave the economy its highest score in five years and were significantly more confident about economic growth in 2013 in the latest Bank of America Merrill Lynch CFO Outlook survey.
“Fast data” is enabling intelligent information management—the ability to deliver actionable information to the right person within an organization at the right time to achieve positive business results.
The reported year-to-date total through June 2013 was $1,014 million, down 8.2 percent from shipments levels for the same period in 2012.
The facility will serve the Morgan and Lawrence counties in Alabama. Counter Sales Manager Brad Pitts will lead the sales effort for Graybar. A grand opening celebration is planned for September.
Fiscal 2013 full-year sales were a record $2.46 billion for the company, up 3.7% from fiscal 2012 sales of $2.38 billion. Net income for the year increased to a record $118.1 million, or $2.78 per share.
Commercial reported revenues of $27.1 million, a $0.6 million decline from the same period in the prior year. The decrease in earnings was primarily due to lower revenues and lower gross margin rates.