SOURCE ESCO Technologies Inc. Kate Lowrey, Vice President of Investor Relations, (314) 213-7277 St. Louis, July 21, 2025 (GLOBE NEWSWIRE) -- ESCO Technologies Inc. (NYSE:ESE) completed the previously announced divestiture of VACCO Industries to RBC Bearings Incorporated (NYSE: RBC), an international manufacturer and marketer of highly engineered precision bearings and products, headquartered in Oxford, Connecticut. Net proceeds on the transaction were approximately $275 million reflecting customary working ...

The Weon Steel Mill was once the beating heart of this town. Steel so central to its identity, the town itself is named after the mill's founder. What was the main downtown area here in Weon like.Busy, busy. In its glory days still put We Weren on the map. Presidential candidates making sure to stop here.But in downtown Weiron that was once bustling, most of those stores are shuttered. They are. Today, the mill's entrance on Main Street can only boast of overgrown weeds, chip paint, and rusted gates.Across ...

Core Viewpoint - 3M reported better-than-expected non-GAAP earnings and revenue for Q2 2025, indicating operational improvements and organic growth despite ongoing legal costs and global trade challenges [1][2]. Financial Performance - Adjusted EPS was $2.16, exceeding the $2.01 estimate, and up 12% from $1.93 in Q2 2024 [2] - Adjusted revenue reached $6.2 billion, surpassing the $6.12 billion estimate, and reflecting a 3.3% increase from $6.02 billion in Q2 2024 [2] - Adjusted operating margin improved to 24.5%, up from 21.6% year-on-year [2][5] - Free cash flow was reported at $1.28 billion, a 9.4% increase from $1.17 billion in the previous year [2] Business Segments - Safety and Industrial organic sales increased by 2.6%, while Transportation and Electronics saw a 1.4% decline, and Consumer recorded 0.3% growth [5] - The company’s strategic focus includes innovation and portfolio management, highlighted by the spin-off of the Health Care segment [4] Market Dynamics - Strong global demand for electrical markets and industrial adhesives contributed to revenue growth, with a 1.5% year-on-year organic sales increase [6] - Sales in China rose by 5.8%, while Europe, the Middle East, and Africa experienced a 2.3% decline in organic sales [10] Legal and Regulatory Factors - Legal expenses significantly impacted cash flow, with net litigation costs at $0.79 per share, up from $0.44 per share in the previous year [7] - The company is progressing towards phasing out PFAS manufacturing by year-end, with ongoing investments in environmental compliance [12] Shareholder Returns - 3M distributed $1.3 billion through dividends and share buybacks, increasing share repurchase plans to $2 billion for the year [8] Future Outlook - Management raised full-year adjusted EPS guidance to $7.75 to $8.00, up from $7.60–$7.90, with sales expected to grow by 2.5% [13] - Tariffs on products imported from China are anticipated to impact margins and revenue in the second half of the year, with mitigation strategies in place [13][14]

Core Insights - Pentair plc (PNR) is scheduled to report its second-quarter 2025 results on July 22, with sales expected to reach $1.11 billion, reflecting a 1.4% year-over-year growth [1][5] - The consensus estimate for earnings is $1.33 per share, indicating a 9% year-over-year increase, although no earnings beat is anticipated this quarter [2][5] Sales and Earnings Estimates - The Zacks Consensus Estimate for PNR's second-quarter sales is $1.11 billion, which is a 1.4% increase from the previous year [1] - The earnings estimate of $1.33 per share has remained unchanged over the past 60 days, suggesting a 9% growth compared to the same quarter last year [2] Earnings Surprise History - Pentair has a history of beating Zacks Consensus Estimates, with an average surprise of 5.9% over the last four quarters [2][3] - The reported earnings for the last four quarters were consistently above estimates, with the most recent quarter showing a 9.9% surprise [3] Segment Performance - The Pool segment is expected to see sales of $399 million, a 2.1% year-over-year increase, despite a decline in volume growth [8] - The Flow segment's sales are projected to be $407 million, reflecting a 2.5% increase from the prior year, aided by a slight volume pickup [10] - The Water Solutions segment is anticipated to decline by 1.3% year-over-year to $306 million, primarily due to ongoing weakness in the residential market [11] Market Conditions and Challenges - The company is facing tight raw material supplies and rising logistics costs, but has managed to achieve margin expansion through pricing and cost-saving initiatives [12] - The residential market remains weak due to high interest rates, impacting the Flow and Water Solutions segments [9] Stock Performance - Pentair's stock has increased by 32.9% over the past year, significantly outperforming the industry average growth of 4.6% [13]

Company Overview - Fox Factory Holding Corp. is a global leader in the design, engineering, and manufacturing of premium products for specialty sports and on and off-road vehicles [3] - The company's portfolio includes brands such as FOX, Marucci, and Method Race Wheels, known for their championship-level performance [3] - Fox Factory is a direct supplier of shocks, suspension, and components to leading powered vehicle and bicycle original equipment manufacturers [3] Upcoming Financial Results - The company will announce its second-quarter results for the period ended July 4, 2025, on August 7, 2025, after market close [1] - A conference call with the executive management team will be held on the same day at 4:30 p.m. ET to discuss the results [2] - The conference call will be available for live streaming on the company's website and archived for one year [2] Business Strategy - Fox Factory aims to diversify its product offerings and increase market potential by acquiring complementary businesses [3] - The company provides products in the aftermarket through a global network of retailers and distributors, as well as direct-to-consumer channels [3] Communication and Disclosure - The company utilizes various means to announce material information, including SEC filings, press releases, public conference calls, and its investor relations website [5]

LAFOX, Ill., July 16, 2025 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) plans to release its financial results for its fourth quarter ended May 31, 2025 after the close of business on Wednesday, July 23, 2025. The release will be distributed by GlobeNewswire and will be available on the Company’s website at www.rell.com. On Thursday, July 24, 2025, at 9:00 a.m. Central Time, Edward J. Richardson, Chairman and Chief Executive Officer, and Robert J. Ben, Chief Financial Officer, will host a ...

Investment Rating - The report indicates a cautious outlook on near-term growth momentum despite a strong GDP print, suggesting the need for more policy stimulus to boost investment demand and support the labor market [6]. Core Insights - China's 2Q25 GDP grew by 5.2% year-on-year, slightly below the 5.4% growth in 1Q25, but above market consensus of 5.1% [1][8]. - Industrial production (IP) showed a surprising increase to 6.8% in June, driven by resilient export activities, with manufacturing IP accelerating to 7.4% [3][8]. - Retail sales growth moderated to 4.8% in June, lower than the previous month and consensus expectations, indicating potential weakness in domestic demand [4][8]. - Fixed asset investment (FAI) growth slowed to 2.8% year-to-date, with a significant contraction in property investment at -11.2% year-on-year [5][8]. - The urban unemployment rate remained stable at 5.0% in June, with disposable income per capita increasing by 5.1% year-on-year [10][11]. Summary by Sections Economic Growth - 2Q25 GDP growth was reported at 5.2% year-on-year, with a sequential increase of 1.1% quarter-on-quarter [1][8]. - In the first half of 2025, real GDP growth reached 5.3%, surpassing the annual policy target of "around 5%" [1]. Industrial Production - IP growth rose to 6.8% in June from 5.8% in May, with manufacturing IP accelerating to 7.4% [3][8]. - Growth was observed in 36 out of 41 industries, with notable increases in industrial robots and integrated circuits [3]. Retail Sales - Retail sales increased by 4.8% year-on-year in June, down from 6.3% in May, influenced by earlier promotions and subsidy halts [4][8]. - Catering services saw a significant slowdown, with growth dropping to 0.9% year-on-year [4]. Fixed Asset Investment - FAI growth moderated to 2.8% year-to-date, with a single-month growth of only 0.5% year-on-year [5][8]. - Property investment continued to decline sharply, with a contraction of -11.2% year-on-year [5]. Labor Market and Income - The urban unemployment rate remained unchanged at 5.0% in June, with average weekly hours worked at 48.5 [10][11]. - Disposable income per capita reached RMB 9,661 in 2Q, reflecting a 5.1% year-on-year increase [11].

Investment Rating - The report indicates a cautious outlook for the second half of 2025, expecting real GDP growth to slip below 4.5% year-on-year [3][9]. Core Insights - The divergence between real and nominal GDP has widened, with real GDP growth at 5.2% year-on-year in Q2, supported by front-loaded production and strong fiscal support, while nominal GDP fell to 3.9% year-on-year due to deepening deflation [2][9]. - Growth is anticipated to slow in the second half of 2025 due to weaker exports, fading fiscal impulse, and a continued deflation feedback loop [3][9]. - The report suggests that deflation is likely to persist, with a modest fiscal stimulus package of Rmb0.5-1 trillion expected in September/October, but this may not effectively address the underlying issues [4][9]. Summary by Sections Economic Performance - Q2 GDP growth was better than expected at 5.2% year-on-year, driven by fiscal and export front-loading [9]. - Nominal GDP year-on-year dropped by 0.7 percentage points to 3.9%, marking the first growth below 4% since COVID-19 [2][9]. Sector Analysis - Industrial production showed a year-on-year increase of 6.8% in June, with manufacturing up by 7.4% [6]. - Fixed asset investment year-to-date growth was 2.8%, with manufacturing investment at 5.1% and infrastructure at 5.3% [6]. - The property sector continues to struggle, with sales down by 7.2% and new starts down by 13.1% year-on-year [6]. Future Outlook - The report anticipates a slowdown in growth to below 4.5% year-on-year in the second half of 2025 due to various factors including weaker global trade and continued deflation [3][9]. - June activity indicators show reduced transshipment and weaker retail sales, indicating a deepening drag from the housing sector [3][9].

Core Insights - Mueller Streamline Co. is investing over $7 million to expand its manufacturing facility in Wynne, Arkansas, which is expected to create 60 new jobs over the next two years [1][4]. Company Expansion - The investment will enhance distribution and packaging operations, initially adding 40 jobs, increasing total employment at the Wynne campus to approximately 170 [3]. - The company has a history of supporting local economies since acquiring Halstead Industries in 1998, including building a new distribution center and acquiring operations in Springdale and Fayetteville [2]. Economic Impact - The expansion aligns with the Arkansas government's commitment to community support and economic recovery following a tornado in 2023 [4]. - Local officials, including the Mayor of Wynne and the executive director of the Arkansas Economic Development Commission, emphasize the importance of this investment for economic growth and job creation in eastern Arkansas [5][6]. Job Opportunities - Mueller will be hiring for various positions in Wynne, with applications currently open [6].

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - PPI deflation in China has deepened, with PPI inflation dropping to -3.6% year-on-year in June, marking the 33rd consecutive month of deflation [1][2] - The Chinese government is expected to implement incremental demand-side easing measures in the property market rather than large-scale stimulus, as long-term fundamentals do not support significant new apartment construction [4] - Upcoming macroeconomic data releases are anticipated to show solid performance, with Q2 real GDP growth forecasted at 5.2% year-on-year, slightly above the Bloomberg consensus of 5.1% [8] Summary by Sections PPI and CPI Trends - PPI inflation decreased from -3.3% in May to -3.6% in June, while CPI inflation increased slightly from -0.1% to +0.1% year-on-year [1][2] Property Market Outlook - Recent property data indicates a decline in house prices and home sales, leading to speculation about government stimulus; however, the report suggests that any measures will be modest and focused on renovation rather than new construction [4] Economic Data Expectations - Key macroeconomic indicators, including trade, credit, and GDP data, are expected to be released soon, with forecasts for trade and industrial production above consensus, while credit and retail sales forecasts are below consensus [8]