Pete Miller, Chairman and CEO of National Oilwell Varco, remarked, "This dividend increase reflects the Company's strong financial condition and our confidence in our business going forward. We are pleased that our continued execution and strong cash flow enable us to provide a significantly higher dividend directly to our stockholders."
Both January and April had the fastest sales rates since July 2008. The median price of a home...
Broadus will be succeeding Mike Rohde who is retiring after nearly 15 years of dedicated...
For more than 40 years, the Foundation has provided members with the latest industry information...
The Wajax Industrial Components Bathurst, NB branch located at 2030 St. Peter Avenue will be moving into the Ace Hydraulic facility (acquired by Wajax Industrial Components) in Bathurst at 955 Riordon Drive. The telephone number of the former branch will remain active, but the Ace Hydraulic fax number will be used going forward.
The collaboration between ASG and Fiam brings together the strengths of two global market leaders with long histories serving the assembly industry. With more than 100 years of combined experience, ASG and Fiam both offer unparalleled industry expertise in product design and manufacturing, systems engineering, custom solutions and customer support.
Net sales for the fourth quarter of fiscal 2013 were $144.6 million, down $15.0 million, or 9.4%, from the prior-year period. U.S. sales, which comprised 59% of total sales, were down by $5.3 million, or 5.8%, to $85.3 million compared with $90.6 million for the fourth quarter of fiscal 2012.
The 2013 Supply & Demand Chain Executive 100 spotlights successful and innovative transformation projects that deliver bottom-line value to small, medium and large enterprises across the range of supply chain functions that industry professionals face today.
The Power Transmission Distributors Association (PTDA), the preeminent association for the industrial power transmission/motion control (PT/MC) distribution channel, has welcomed 10 new members year-to-date. The new members includes three distributors, five manufacturers, one MRO service provider, and one ERP integration services provider.
Net sales were $2.005 billion for fiscal year 2013, an increase of 3% from the prior year (+4% acquisitions/divestitures, -1% impact of foreign currency translation, flat core sales). Income from operations increased 4% year-over-year to $255 million or 12.7% of sales.
SmartTag is the industry’s first visual identification system for managing cylinder gas expiration. Used primarily for EPA Protocol gas cylinders, Airgas SmartTag is a small, microprocessor-controlled Radio Frequency Identification (RFID) collar that fits around the neck of a gas cylinder and provides instant, on-site access to cylinder contents data.
Founded in 1979, Tucker Tool is headquartered in Mechanicsburg, Pennsylvania and operates out of a single location. Tucker Tool is focused on serving customers in the chemical, oil & natural gas, power generation, general engineering and transportation markets with approximately 10 employees.
Lyon Workspace Products, formerly Lyon Metallic and then Lyon Metal, began as a manufacturer of sheet metal products . Now, Lyon is considered a “leading manufacturer and supplier of top quality lockers, industrial storage and workspace products,” according to its website. The acquisition is good news for the nearly 450 workers at Lyon Workspace.
Their combined network of worldwide offices will work together on marketing, education programs and events leveraging both entities’ expertise to help make U.S. businesses—and particularly small and medium-sized firms—more export savvy. Joint activities may include building awareness through outreach at trade shows, direct mail campaigns and online registration for resource support.
Aluminum smelter and parts-maker says it will close down two production lines at a plant in Canada and cut about 500 jobs there because of lower aluminum prices. Alcoa has seen strong demand for aluminum, but prices have fallen. Those lower prices were a factor when Alcoa reported lower-than-expected first-quarter revenue last month.
Quimicompuestos is a leading chemical distributor in Mexico. The company has strong relationships with over 50 key suppliers, and delivers over 100 products to more than 4,500 customers in 25 diverse end markets. The company is well positioned in Mexico, with a nationwide distribution network and strong expertise in high growth industries.
The company continued its portfolio realignment process by announcing plans to sell its Asia-based Die-Cut business which was outlined in a separate press release on May 16, 2013. Accordingly, the company has recast its financial statements to report the financial results of the Die-Cut business on one line item in the accompanying condensed consolidated statements of income.
The board also approved and authorized the company to purchase an additional $100 million of its common stock. Repurchases will be made in accordance with applicable securities laws in the open market or in privately negotiated transactions.
The company has opened full-service offices in Miami, FL and Oklahoma City, OK. A third office in Austin, TX opened by Atlas last year, has relocated to a larger facility. Products offered include the complete line of MovinCool® spot coolers and other portable equipment for cooling and heating applications.
hybris, the world's fastest-growing commerce platform provider, today announced that for the second year running it has been included as a Leader in Gartner's latest 'Magic Quadrant for E-Commerce' (dated May 8, 2013). Following substantial growth in 2011, hybris has further consolidated its position as the market's dominant independent e-commerce and omni-channel vendor.
The increase in sales was mainly due to the increase in sales of steel plates and steel wires, offset by the decrease in sales of steel billets and the decrease in unit sales price in the three months ended March 31, 2013. The average unit sales price was $501 per ton, a decrease of $70, or 12%, compared to $571 per ton in the comparable period of 2012.
The company’s net loss for the first quarter of 2013 was $2.8 million, or $0.02 per share, compared to a net loss of $1.2 million, or $0.01 per share, reported for the first quarter of 2012. Comparatively, the 2013 quarterly results include a $1.5 million (or $0.01 per share) non-cash charge related to the company’s common stock warrant liability.
The 1Q13 PTDA Business Index produced a reading of 61.1, which represents a substantial increase over last quarter’s reading of 50.7. This indicates that the power transmission/motion control (PT/MC) industry expanded for the 12th consecutive quarter at a slightly faster pace compared with 4Q12.
Two workers were injured Monday when highly flammable gas used in welding exploded at a West Virginia industrial site, officials said. Fire crews were sent at about 3:20 p.m. to Airgas, a distributor of specialty gases in Poca, outside of Charleston. Putnam County emergency management director Frank Chapman said the explosion involved about 50 tanks of acetylene that were at Airgas waiting to be refilled.