Stock Analysts

Watts Water (WTS) Q2 Earnings Miss Estimates, Revenues Match

Watts Water Technologies, Inc. WTS reported healthy second-quarter 2019 financial results, wherein both the top line and bottom line increased on a year-over-year basis. The performance was primarily driven by strong operating performance in the Americas, resulting in year-over-year growth in sales and profitability. […]

Mergers & Acquisitions

Quaker Houghton Announces Quaker Chemical’s Second Quarter 2019 Results

Quaker Houghton Announces Quaker Chemical’s Second Quarter 2019 Results – Quaker Chemical Corporation closed its combination with Houghton International, Inc. earlier today – Net sales of $205.9 million reflect a 3% negative foreign exchange impact and certain end-market challenges – Reported net income of $15.6 million or $1.17 per diluted share – Adjusted EBITDA and non-GAAP earnings per diluted share decrease 2% to $31.4 million and $1.56, respectively, primarily due to a 3% negative foreign exchange impact on earnings PR Newswire CONSHOHOCKEN, Pa., Aug. […]

Mergers & Acquisitions

Genstar Capital to Acquire Majority Stake in OEConnection from Providence Equity

Genstar Capital to Acquire Majority Stake in OEConnection from Providence Equity Genstar Capital to Acquire Majority Stake in OEConnection from Providence Equity. Ford and General Motors to Retain Minority Stakes PR Newswire CLEVELAND, Ohio, August 01, 2019 CLEVELAND, Ohio , August 01, 2019 /PRNewswire-PRWeb/ — Cleveland, OH, Providence, RI and San Francisco, CA – August 1, 2019 – OEConnection LLC (“OEC” or the “Company”), the leading global automotive technology provider for OEM distribution networks, Providence Equity Partners L.L.C. (” Providence “) and Genstar Capital (“Genstar”), today announced a definitive agreement under which Genstar will acquire a majority stake in OEC from funds advised by Providence . […]

Mergers & Acquisitions

Leaders in Industrial Process Fluids Combine to Form Quaker Houghton

Leaders in Industrial Process Fluids Combine to Form Quaker Houghton — Cost synergies estimate increased to $60 million from $45 million — Combination enables continued above-market growth — New executive team and Board members named — Company expects its adjusted EBITDA to be over $300 million after two years PR Newswire CONSHOHOCKEN, Pa., Aug. 1, 2019 CONSHOHOCKEN, Pa. , Aug […]

Stock Analysts

Theravance (TBPH) Q2 Loss Narrower, Revenues Beat Estimates

Theravance Biopharma, Inc. TBPH incurred a loss of 72 cents per share in second-quarter 2019, narrower than the Zacks Consensus Estimate of a loss of $1.22 but wider than the year-ago quarter’s loss of 76 cents. Total revenues of $26.2 million in the quarter exceeded the Zacks Consensus Estimate of $14 million […]