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NPK Announces Acquisition of Grassform Plant Hire Limited
Businesswire· 2025-11-24 13:35
Nov 24, 2025 8:35 AM Eastern Standard Time NPK Announces Acquisition of Grassform Plant Hire Limited Share Acquisition provides enhanced scale and strengthens core U.K. rental & service operations THE WOODLANDS, Texas--(BUSINESS WIRE)--NPK International Inc. (NYSE: NPKI) ("NPK†or the "Company†) today announced the acquisition of Grassform Plant Hire Limited ("Grassform†) for an all-cash purchase price of £35.2 ($46.4) million funded at closing, with additional potential consideration to be paid based up ...
nVent Electric plc to Participate in the Goldman Sachs Industrials and Materials Conference
Businesswire· 2025-11-21 17:29
Nov 21, 2025 12:29 PM Eastern Standard Time nVent Electric plc to Participate in the Goldman Sachs Industrials and Materials Conference Share LONDON--(BUSINESS WIRE)--nVent Electric plc (NYSE: NVT), a global leader in electrical connection and protection solutions, will participate in the Goldman Sachs Industrials and Materials Conference on Wednesday, December 3, 2025. Gary Corona, Chief Financial Officer, will present at 10:50 a.m. ET. Contacts Investor ContactTony RiterVice President, Investor Relationsn ...
Atkore Expands Scope of Strategic Alternatives Review to Maximize Shareholder Value
Businesswire· 2025-11-20 11:00
Nov 20, 2025 6:00 AM Eastern Standard Time Atkore Expands Scope of Strategic Alternatives Review to Maximize Shareholder Value Share Board and Management Team Will Consider Options Including a Potential Sale or Merger of Entire Company Enters into Cooperation Agreement with Irenic Capital Management; Will Expand Board of Directors HARVEY, Ill.--(BUSINESS WIRE)--Atkore Inc. ("Atkore†or the "Company†) (NYSE: ATKR) today announced that its Board of Directors (the "Board†) has expanded the scope of its prev ...
Custom Truck One Source to Participate in the BofA Securities 2025 Leveraged Finance Conference
Businesswire· 2025-11-19 21:10
Nov 19, 2025 4:10 PM Eastern Standard Time Custom Truck One Source to Participate in the BofA Securities 2025 Leveraged Finance Conference Share KANSAS CITY, Mo.--(BUSINESS WIRE)--Custom Truck One Source, Inc. (NYSE: CTOS) today announced that Chief Executive Officer, Ryan McMonagle, and Chief Financial Officer, Chris Eperjesy, will participate in a fireside chat and meet with institutional investors at the BofA Securities 2025 Leveraged Finance Conference in Boca Raton, FL on Tuesday, December 2, 2025. The ...
Helios Technologies Promotes Jeremy Evans to Chief Financial Officer
Businesswire· 2025-11-17 21:15
Nov 17, 2025 4:15 PM Eastern Standard Time Helios Technologies Promotes Jeremy Evans to Chief Financial Officer Share Jeremy Evans has been named the Company's Executive Vice President and Chief Financial Officer effective immediately. SARASOTA, Fla.--(BUSINESS WIRE)--Helios Technologies, Inc. (NYSE: HLIO) ("Helios†or the "Company†), a global leader in highly engineered motion control and electronic controls technology for diverse end markets, announced today that Jeremy Evans has been named the Company's ...
Trane Technologies to Present at the Baird Global Industrials Conference
Businesswire· 2025-11-07 11:30
Core Insights - Trane Technologies will participate in the Baird Global Industrials Conference on November 12, 2025, at 11:25 a.m. CT [1] - The live webcast of the conference will be available on the Trane Technologies website, with an archive accessible for 30 days post-event [2] - Trane Technologies is recognized as a global climate innovator, offering sustainable climate solutions through its brands Trane® and Thermo King® [3] Financial Performance - For Q3 2025, Trane Technologies reported diluted earnings per share (EPS) of $3.82, with adjusted continuing EPS at $3.88, reflecting a 15% increase year-over-year [6] - Bookings for Q3 2025 reached $5,979 million, up 15% from $5,213 million in Q3 2024, while net revenues increased by 6% to $5,743 million [6] Product Innovation - Trane Technologies launched the industry's first comprehensive thermal management system reference design for NVIDIA's gigawatt-scale AI data centers, setting new performance and scalability standards [7]
HNI Corporation Announces Quarterly Dividend
Businesswire· 2025-11-05 23:09
Core Points - HNI Corporation announced a quarterly dividend of 34 cents per share on its common stock, payable on December 1, 2025, to shareholders of record as of November 17, 2025 [1][7]. Company Overview - HNI Corporation has been in operation for over 75 years, focusing on improving living and working environments [2]. - The company operates under two segments: Workplace Furnishings, which is a leading global designer and provider of commercial furnishings, and Residential Building Products, which is the nation's leading manufacturer and marketer of hearth products [2].
Ralliant Reports Third Quarter 2025 Results
Businesswire· 2025-11-05 22:16
Core Insights - Ralliant Corporation reported third quarter 2025 results with revenue of $529 million, flat year-over-year and up 5% sequentially, while net earnings were $40 million, leading to an EPS of $0.35 and adjusted EPS of $0.60 [2][4][12] Financial Performance - The net earnings margin was 7.5%, a decline of 960 basis points year-over-year, and the adjusted EBITDA margin was 20.4%, down 610 basis points year-over-year [3] - The company generated $139 million in cash flow from operating activities, with free cash flow of $127 million, compared to $138 million and $132 million respectively in the third quarter of 2024 [8] Segment Performance - In the Sensors & Safety Systems segment, robust demand in Utilities and Defense & Space led to double-digit revenue growth, driven by investments in power grid modernization and defense programs [5] - The Test & Measurement segment saw sequential revenue growth, particularly in the Communications and Semiconductor markets, with operating margin improvements of 660 basis points [6] Strategic Initiatives - The company executed its strategic pillars effectively, focusing on RBS Everywhere, Stronghold Positions, and Winning Growth Vectors, which contributed to performance and value creation [4] - Ralliant plans to deliver $9-$11 million in annualized cost savings by the end of 2026 as part of its Cost Savings Program [12] Capital Allocation - The Board of Directors declared a quarterly cash dividend of $0.05 per share, with a total of $200 million authorized for share repurchases, reflecting the company's commitment to return capital to shareholders [10][11]
Mativ Announces Third Quarter 2025 Results
Businesswire· 2025-11-05 21:30
Core Insights - Mativ Holdings, Inc. reported strong financial results for Q3 2025, achieving significant improvements in adjusted EBITDA margin and free cash flow compared to previous periods [3][4][7]. Financial Performance - **Filtration & Advanced Materials (FAM) Segment**: - Net sales reached $198.3 million, a 4.6% increase year-over-year [4][29]. - GAAP operating profit was $11.4 million with a margin of 5.7%, down from 10.5% in the prior year [4][29]. - Adjusted EBITDA was $36.9 million, reflecting a margin of 18.6%, slightly down from 19.3% [4][29]. - **Sustainable & Adhesive Solutions (SAS) Segment**: - Net sales were $315.4 million, a 2.1% increase year-over-year [6][29]. - GAAP operating profit surged to $28.4 million with a margin of 9.0%, up from 3.3% [6][29]. - Adjusted EBITDA increased to $48.3 million, with a margin of 15.3%, up from 13.3% [6][29]. - **Overall Financial Results**: - Total consolidated net sales for Q3 2025 were $513.7 million, a 3.0% increase from $498.5 million in Q3 2024 [7][29]. - The company reported a GAAP loss of $3.2 million, with an adjusted EPS of $0.39 [7][29]. Cash Flow and Debt - Cash from operating activities for the year-to-date 2025 was $114.5 million, with free cash flow of $66.7 million, representing increases of 94% and 179% respectively compared to the prior year [7][12]. - Total debt stood at $1,028.9 million as of September 30, 2025, with cash and cash equivalents of $97.1 million, resulting in net debt of $931.8 million [12][26]. Strategic Initiatives - The company emphasized its commitment to strategic priorities and operational goals, indicating a renewed focus on customer commitments and shareholder value [3][4]. - Mativ's management highlighted the importance of disciplined pricing and cost management as key drivers of performance improvements [3][4]. Dividend and Share Repurchases - Mativ announced a quarterly cash dividend of $0.10 per share, payable on December 19, 2025 [13]. - No share repurchases were conducted during the third quarter [13]. Conference Call - A conference call to discuss Q3 2025 results is scheduled for November 6, 2025, at 8:30 a.m. Eastern time [14]. Company Overview - Mativ Holdings, Inc. is a global leader in specialty materials, focusing on innovative solutions across various applications [15]. - The company operates in two main segments: Filtration & Advanced Materials and Sustainable & Adhesive Solutions, targeting premium applications in diverse and growing categories [15].
Watts Water Technologies, Inc. Declares Quarterly Dividend
Businesswire· 2025-11-03 22:01
Core Points - Watts Water Technologies, Inc. declared a quarterly dividend of $0.52 per share on its Class A and Class B Common Stock, to be paid on December 15, 2025, to stockholders of record as of December 1, 2025 [1][8]. Company Overview - Watts Water Technologies, Inc. is a global manufacturer headquartered in the USA, providing a broad range of plumbing, heating, and water quality products [2]. - The company offers innovative solutions aimed at controlling the efficiency, safety, and quality of water across commercial, residential, and industrial applications [2]. Upcoming Events - Watts Water Technologies will participate in and present at the 2025 Baird Global Industrial Conference [4][6]. - The company has also announced its third quarter 2025 earnings release and earnings conference call [8]. Recognition - Watts Water Technologies was named one of "America's Greenest Companies 2026" by Newsweek [7].