Mergers & Acquisitions

ITW Completes Sale of its Industrial Packaging Segment to The Carlyle Group for $3.2 Billion

ITW Completes Sale of its Industrial Packaging Segment to The Carlyle Group for $3.2 Billion PR Newswire GLENVIEW, Ill., May 1, 2014 GLENVIEW, Ill. , May 1, 2014 /PRNewswire/ — Illinois Tool Works Inc. (NYSE: ITW) today announced that it has completed the previously announced sale of its Industrial Packaging segment to The Carlyle Group for $3.2 billion , subject to customary post-closing adjustments […]

Mergers & Acquisitions

Niagara Fiber LLC Announces Acquisition of Allied Blending With Backing By Arsenal Capital Partners

Niagara Fiber LLC Announces Acquisition of Allied Blending With Backing By Arsenal Capital Partners PR Newswire NEW YORK, May 1, 2014 NEW YORK , May 1, 2014 /PRNewswire/ — Niagara Fiber LLC (” Niagara “), a leading supplier of insoluble fiber products globally for food, pharmaceutical and industrial applications, and a portfolio company of Arsenal Capital Partners (“Arsenal”), has announced the acquisition of Allied Blending and Ingredients, Inc. (“Allied”), a leading provider of fiber and starch based proprietary products and mixes for the dairy and tortilla end-markets. This marks the third acquisition by Niagara […]

Mergers & Acquisitions

Ingram Micro Expands Mobility Services Offerings with Acquisition of Global Mobility Products

Ingram Micro Expands Mobility Services Offerings with Acquisition of Global Mobility Products Reverse Logistics, Repair and Asset Recovery Services Bolsters Already Robust Service Offering of Ingram Micro Mobility PR Newswire INDIANAPOLIS, May 1, 2014 INDIANAPOLIS , May 1, 2014 /PRNewswire/ — Ingram Micro Inc. (NYSE: IM) today announced it has acquired Global Mobility Products, Inc. (GMP), a Canadian-based leading provider of mobile reverse logistics, repair and asset recovery services […]

Mergers & Acquisitions

Gray Enters North And South Dakota

Gray Enters North And South Dakota PR Newswire ATLANTA, May 1, 2014 ATLANTA , May 1, 2014 /PRNewswire/ — Gray Television, Inc. (“Gray” or “we” or “our”) (NYSE: GTN and GTN.A) today announced that it has closed transactions that add television stations in North and South Dakota to Gray’s growing portfolio of leading local media enterprises. […]

Stock Analysts

AGCO Earnings Beat but Down Y/Y, Shares Fall

Shares of agriculture machinery manufacturer, AGCO Corporation ( AGCO ) slipped around 2% and closed at $55.70 on Apr 30, a day after the company reported first-quarter 2014 results. Earnings per share declined 13% year over year to $1.03. However, the figure surpassed the Zacks Consensus Estimate of 79 cents per share. […]

Stock Analysts

Textron Misses Earnings on Lower Volume

Diversified U.S. conglomerate Textron Inc. ( TXT ) reported first quarter 2014 earnings from continuing operations of 31 cents per share, missing the Zacks Consensus Estimate and lower than the year-ago number of 40 cents by 22.5%. […]

Stock Analysts

Merge Healthcare Misses on Q1 Revs, Cuts 2014 Earnings View

Merge Healthcare Incorporated ( MRGE ) reported first-quarter 2014 adjusted net income per share of 3 cents, bouncing back from a loss of 3 cents incurred in the year-ago quarter. Reported net loss of $0.32 million or break-even results per share in the first quarter compared favorably with the year-ago net loss of $6.48 million or loss of 7 cents per share. Quarter in Detail Total revenue in the reported quarter declined 19.9% year over year to $50.9 million […]

Stock Analysts

L-3 Communications Beats on Earnings, Lifts Views

Defense operator L-3 Communications Holdings Inc .'s ( LLL ) first quarter 2014 earnings of $2.01 per share beat the Zacks Consensus Estimate of $1.96 by 2.6%. The bottom line increased 1.5% from the year-ago adjusted profit of $1.98 per share. The company ended the quarter on a strong note in spite of budget uncertainties […]

Stock Analysts

Terex Misses on Q1 Earnings & Revs

Terex Corp. ( TEX ) reported first-quarter 2014 adjusted earnings of 28 cents per share, up 27% year over year from 22 cents in the year-ago quarter, falling way short of the Zacks Consensus Estimate of 34 cents. […]

Stock Analysts

ConocoPhillips’ Earnings Beat Aided by New Ventures

ConocoPhillips ( COP ) reported first quarter 2014 adjusted earnings of $1.81 per share, surpassing the Zacks Consensus Estimate of $1.57 per share and increasing 27.5% from the year-earlier profit of $1.42. The year-over-year growth was mainly attributable to production from new development programs as well as upstream ventures in key projects. Revenues in the reported quarter increased to $16,048.0 million from the year-ago level of $14,651.0 million and comfortably surpassed our projection of $15,506.0 million […]

Stock Analysts

Motorola Solutions Misses on Q1 Earnings, Revs

Motorola Solutions Inc. ( MSI ) reported disappointing financial results for the first quarter of 2014, where both its top and bottom line missed the Zacks Consensus Estimate. Quarterly GAAP net income came in at $127 million or 49 cents per share compared with $192 million or 68 cents per share in the prior-year quarter […]

Stock Analysts

Generac Misses on Q1 Earnings, Revs

Generac Holdings Inc. ( GNRC ) reported weak results for the first quarter of 2014, with both earnings as well as revenues declining year over year. Adjusted earnings per share for the reported quarter came in at 72 cents, missing the year-ago earnings by a significant 40.5% […]

Stock Analysts

Charles River Beats on Earnings, Guidance Upped

Charles River Laboratories ( CRL ) reported first quarter 2014 earnings (excluding special items) of 82 cents per share, easily beating the Zacks Consensus Estimate of 74 cents and up from 69 cents in the year-ago quarter. Charles River’s net sales increased 2.8% year over year to $299.4 million in the reported quarter, but short of the Zacks Consensus Estimate of $302 million. […]

Mergers & Acquisitions

VRS VeriClaim to acquire Ellis May

VRS VeriClaim to acquire Ellis May PR Newswire NAPERVILLE, Ill., May 1, 2014 NAPERVILLE, Ill. , May 1, 2014 /PRNewswire/ — T&H Global Holdings, LLC (T&H), a premier provider of specialized insurance claims services to insurance carriers, insurance brokers, corporations and public entities, today announced that its VRS VeriClaim UK Ltd. (VRS VeriClaim) subsidiary has acquired Ellis May Chartered Loss Adjusters (Ellis May), a leading provider of high net worth and commercial loss adjusting and claims handling services to the property and casualty insurance market […]