Rexnord Corporation (“Rexnord”) (NYSE:RXN) announced today the launch of
a public offering of 10,000,000 shares of its common stock held by
certain funds affiliated with Apollo Global Management, LLC
(collectively with its subsidiaries, “Apollo”) (NYSE:APO). The Apollo
funds will be the only selling stockholders.
Rexnord Corporation (NYSE: RXN) will hold a conference call and web
presentation on Wednesday, August 6, 2014 at 5:00 p.m. Eastern Time to
discuss its first quarter fiscal year 2015 results, provide a general
business update and respond to investor questions.
Rexnord Corporation (NYSE:RXN):
First Quarter Highlights
Net sales were $510 million
Income from operations was $58 million or 11% of net sales
Adjusted EBITDA was $93 million or 18% of net sales
Diluted earnings per share was $0.11, including a $10 million
non-cash, non-recurring tax restructuring charge
Excluding Mill Products (1) , net sales increased 2% year
over year (-1% core sales, +3% acquisitions). Mill Products'
contribution to earnings per share in the quarter was immaterial
Adjusted earnings per share, excluding Mill Products, increased 18%
from the prior year to $0.26
Total liquidity was $646 million ($311 million of cash plus $335
million of available borrowings)
Rexnord Corporation (NYSE: RXN) today announced that it will participate
in the Vertical Research Partners Industrial Conference at the Water’s
Edge Resort in Westbrook, CT on September 4, 2014, starting at 8:00 a.m.
WINSTON-SALEM, N.C. , July 11, 2014 /PRNewswire/ -- In response to United Kingdom disclosure obligations, today Imperial Tobacco PLC issued an announcement describing certain discussions among Imperial, Reynolds American Inc. and Lorillard, Inc.
Reynolds American (NYSE: RAI) confirms that it is in discussions with Lorillard regarding a possible acquisition of Lorillard.
Company Will Have Strong, Balanced Portfolio of Iconic Brands Across Key Categories WINSTON-SALEM, N.C. and GREENSBORO, N.C. , July 15, 2014 /PRNewswire/ --
TRANSACTION HIGHLIGHTS Newport to Join Reynolds American's Operating Companies' Key Brands - Camel, Pall Mall, Natural American Spirit, Grizzly and VUSE Next Step in Transforming Tobacco for Reynolds American R.J. Reynolds to Sell Selected Brands and Assets to a subsidiary of Imperial Tobacco Group, PLC ("Imperial"), Significantly Enhancing Imperial's U.S. Competitive Positioning British American Tobacco p.l.c. ("BAT") to Maintain 42% Ownership Position in Reynolds American, Lorillard Shareholders to Hold 15% Reynolds American and BAT Agree in Principle to a Joint Technology-Sharing Strategy for Next-Generation Products Acquisition to Further Fuel Reynolds American's Investment in Innovation
NEW YORK (MarketWatch) -- Reynolds American Inc. shares (RAI) led a rout in tobacco stocks Monday, after a Florida jury awarded $23.6 billion in damages to the widow of a smoker who died of lung cancer in 1996.
GREENSBORO, N.C., July 9, 2014 (GLOBE NEWSWIRE) -- RFMD (Nasdaq:RFMD) , a global leader in the design and manufacture of high-performance radio frequency solutions, will host a conference call to review fiscal 2015 first quarter financial results on Thursday, July 24, 2014, at 5:00 p.m. (ET). The conference call will be webcast live on the Company's web site at http://www.rfmd.com (under "Investors").
A telephone playback of the conference call will be available approximately one hour after the call's completion and can be accessed by dialing 719-457-0820 and using the passcode 6071652.
Inc., a leading fabless semiconductor company focused on developing
innovative, next-generation RF solutions for the wireless connectivity
and cellular mobility markets, today announced its partnership with
British chipmaker CSR
plc (LSE: CSR; NASDAQ: CSRE) for reference designs aimed at multiple
wireless connectivity markets.
GAAP Gross Margin Expands To 45.0%, And Non-GAAP Gross Margin Expands To 47.1% Company Expects September Quarterly Revenue Of Approximately $345 Million And Non-GAAP Diluted EPS Of Approximately $0.27
GREENSBORO, N.C. , July 24, 2014 /PRNewswire/ -- Quarterly Highlights: Quarterly Revenue Increases 23.6% Sequentially To A Record $316.3 Million GAAP Gross Margin Expands 1,310 Basis Points Year-Over-Year To 45.0%, And Non-GAAP Gross Margin Expands 1,200 Basis Points Year-Over-Year To 47.1% GAAP Diluted EPS Is $0.13 , Versus $0.01 In Q1 Fiscal 2014 Non-GAAP Diluted EPS Is $0.24 , Versus $0.09 In Q1 Fiscal 2014 RF Micro Devices, Inc. (Nasdaq:RFMD) , a global leader in the design and manufacture of high-performance radio frequency solutions, today reported financial results for the Company's fiscal 2015 first quarter, ended June 28, 2014 .
ROANOKE, Va., June 24, 2014 (GLOBE NEWSWIRE) -- The Board of Directors of RGC Resources, Inc. (Nasdaq:RGCO) , at its meeting on June 23, 2014, declared a quarterly dividend of $0.185 per share on the Company's common stock.
ROANOKE, Va., July 31, 2014 (GLOBE NEWSWIRE) -- RGC Resources, Inc. (Nasdaq:RGCO) announced consolidated Company earnings of $283,194 or $0.06 per average share outstanding for the quarter ended June 30, 2014.
LOUISVILLE, Colo., July 9, 2014 (GLOBE NEWSWIRE) -- RGS Energy (Nasdaq:RGSE) , a nationwide leader of turnkey solar energy solutions for residential, commercial, and utility customers, has completed its previously announced private equity offering for gross proceeds of approximately $7.0 million.
By Claudia Assis, MarketWatch
Solar company says it needs more time to prepare
-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com
SAN FRANCISCO (MarketWatch) -- Shares of RGS Energy Inc. tanked Tuesday following news the Colorado-based company has rescheduled the release its second-quarter results to later in August.
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