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Parker to Acquire Curtis Instruments, Expanding Electrification Offering
Globenewswire· 2025-06-30 13:00
Core Viewpoint - Parker Hannifin Corporation has agreed to acquire Curtis Instruments, Inc. for approximately $1 billion in cash, enhancing its capabilities in electric vehicle technologies and positioning itself for future growth in electrification [1][3]. Company Overview - Parker Hannifin is a global leader in motion and control technologies, recognized for its long-standing commitment to innovation and shareholder value, having increased its annual dividend for 69 consecutive years [6]. Acquisition Details - The acquisition of Curtis Instruments is expected to close by the end of calendar year 2025, pending regulatory approvals [1]. - Curtis is projected to generate sales of approximately $320 million in calendar year 2025, providing a significant addition to Parker's revenue stream [2]. Strategic Alignment - The acquisition aligns with the long-term trend towards electrification, enhancing Parker's existing industrial electrification platform and enabling better service to customers adopting electric and hybrid solutions [3][8]. - The deal is expected to create operational synergies through Parker's proven business system, The Win Strategy™, which aims to deliver strong shareholder value [3]. Market Positioning - Curtis Instruments designs and manufactures products that complement Parker's strengths in electric vehicle motors and hydraulic technologies, thereby enhancing Parker's electrification capabilities [2][8]. - The acquisition is viewed positively by both Rehlko and its financial sponsor, Platinum Equity, who believe that Curtis will thrive under Parker's scale and investment focus [4].
Distribution Solutions Group (DSGR) FY Earnings Call Presentation
2025-06-12 12:34
NASDAQ: DSGR 15th Annual East Coast IDEAS Conference June 12, 2025 Disclaimers Cautionary Note Regarding Forward-Looking Statements This presentation contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the "safe-harbor" provisions under the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties. The terms "aim," "anticipate," "believe," "c ...
Baker Hughes Announces Sale of Precision Sensors & Instrumentation Product Line to Crane Company
Globenewswire· 2025-06-09 12:30
Product line includes Druck, Panametrics and Reuter-Stokes brandsTransaction aligns with Baker Hughes’ ongoing portfolio optimization HOUSTON and LONDON, June 09, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday an agreement to sell its Precision Sensors & Instrumentation (PSI) product line to Crane Company (NYSE: CR, “Crane”), a diversified manufacturer of engineered industrial products, for a total cash consideration of approximately $1.15 billion. PSI, p ...
Bio-Techne (TECH) FY Conference Transcript
2025-06-03 20:40
Bio-Techne (TECH) FY Conference June 03, 2025 03:40 PM ET Speaker0 Thanks everyone for hanging with us towards the end of the day here. And thanks for joining us for the Biotechnology Management Presentation. My name is Matt Larue. Very happy to have CEO Kim Kelderman here and Dave Claire from IR is here as well. So thanks to them for joining us. I have two logistical comments. One, the breakout is in Maher on the Second Floor. And then second, for a list of our research disclosures and conflicts of interes ...
GXO extends longstanding partnership with bioMérieux
GlobeNewswire News Room· 2025-05-22 11:00
Core Insights - GXO Logistics, Inc. has announced a long-term contract renewal and extension with bioMérieux, marking over 20 years of partnership in logistics services [1][2] Group 1: Contract and Collaboration - The renewed contract includes the extension of services for the Instrumentation range, following a successful overhaul of the Reagents range distribution [2] - GXO has utilized its logistics expertise to optimize bioMérieux's supply chain since 2004, focusing on innovation to enhance operational efficiency [2][4] Group 2: Logistics Solutions - The collaboration has led to a redesign of warehouse layouts to accommodate new flows while maintaining service quality, integrating automation to boost productivity and manage six temperature ranges of reagents [2][3] - GXO's operation features a unified Warehouse Management System, handling inbound and outbound logistics, while bioMérieux focuses on high-value processes like short-term storage and direct customer shipments [3] Group 3: GXO's Operations in France - GXO operates over 65 warehouses in France and is ranked as the 2 logistics service provider in the country, employing nearly 10,000 team members [5] - The company manages logistics across various sectors, including ecommerce, retail, FMCG, and technology, ensuring visibility of inventory and orders while managing sensitive, high-value SKUs [4][5] Group 4: Company Overview - GXO Logistics is the world's largest pure-play contract logistics provider, benefiting from the growth of ecommerce and automation, with over 150,000 team members across more than 1,000 facilities [6] - The company partners with leading blue-chip companies to address complex logistics challenges using advanced supply chain solutions [6]
AST Business Growth & Strategic Acquisitions Support STERIS Stock
ZACKS· 2025-05-21 16:41
STERIS' (STE) new acquisitions and partnerships strengthen its product offerings. The stock carries a Zacks Rank #2 (Buy) currently.Factors Driving STERIS' GrowthSTERIS’ Healthcare segment is gaining from the successful market adoption of its comprehensive offerings, including infection prevention consumables and capital equipment. Further, its services to maintain that equipment, repair reusable procedural instruments and outsource instrument reprocessing services are gaining traction. For the fourth quart ...
ELBIT SYSTEMS REPORTS FIRST QUARTER 2025 RESULTS
Prnewswire· 2025-05-20 08:44
Core Insights - Elbit Systems reported strong financial results for Q1 2025, with revenues of $1.9 billion, a 22% increase from Q1 2024, and a GAAP net income of $107.1 million, reflecting a significant growth trend in the defense sector due to increased global demand [1][3][10]. Financial Performance - Revenues for Q1 2025 were $1,895.8 million, compared to $1,554.0 million in Q1 2024, marking a 22% increase [4]. - GAAP gross profit was $454.3 million (24.0% of revenues) in Q1 2025, slightly down from $374.1 million (24.1% of revenues) in Q1 2024 [6]. - Non-GAAP gross profit for Q1 2025 was $460.6 million (24.3% of revenues), compared to $383.4 million (24.7% of revenues) in Q1 2024 [6]. - GAAP operating income increased to $149.7 million (7.9% of revenues) in Q1 2025 from $105.4 million (6.8% of revenues) in Q1 2024 [8]. - Non-GAAP operating income rose to $165.1 million (8.7% of revenues) in Q1 2025, up from $121.6 million (7.8% of revenues) in Q1 2024 [8]. - GAAP net income attributable to shareholders was $107.1 million (5.6% of revenues) in Q1 2025, compared to $73.7 million (4.7% of revenues) in Q1 2024 [10]. - Non-GAAP net income attributable to shareholders was $117.2 million (6.2% of revenues) in Q1 2025, up from $80.7 million (5.2% of revenues) in Q1 2024 [10]. - GAAP diluted earnings per share were $2.35 in Q1 2025, compared to $1.65 in Q1 2024 [11]. Order Backlog and Cash Flow - The order backlog as of March 31, 2025, totaled $23.1 billion, a 14% increase from Q1 2024 [12]. - Free cash flow generated during the quarter was $161 million [3]. - Cash flow from operating activities was $183.6 million in Q1 2025, compared to cash flow used in operating activities of $6.4 million in Q1 2024 [13]. Segment Performance - Aerospace revenues increased by 20% in Q1 2025, driven by higher Precision Guided Munition sales [5]. - C4I and Cyber revenues grew by 12%, primarily due to sales of radio systems and command and control systems [5]. - Land revenues surged by 48%, attributed to ammunition and munition sales [5]. - Elbit Systems of America revenues rose by 18%, reflecting increased sales in Warfighters systems and medical instrumentation [5]. Market Context - The ongoing "Swords of Iron" war has led to a material increase in demand for Elbit Systems' products from the Israel Ministry of Defense [13][14]. - The company is well-positioned to benefit from increasing defense budgets globally, particularly in Europe [3]. Dividend Declaration - The Board of Directors declared a dividend of $0.60 per share, with a record date of June 24, 2025, and payment scheduled for July 7, 2025 [18].
Bio-Techne (TECH) 2025 Conference Transcript
2025-05-13 18:40
Bio-Techne (TECH) 2025 Conference May 13, 2025 01:40 PM ET Speaker0 Fireside Chat. I'm joined by Kim Kelderman, Chief Executive Officer and Jim Hipple, Chief Financial Officer. Gentlemen, thanks for being here. Thanks for having us. Format is going to be a fireside chat, and then we'll open up to the audience. If there's any questions, just raise your hand and we can squeeze you in as well. I guess just to kick things off, you reported fiscal 3Q results recently, solid results, especially considering some o ...
V2X Awarded Spot on U.S. Army LTRaC Contract to Advance Live Training and Readiness
Prnewswire· 2025-05-13 11:30
RESTON, Va., May 13, 2025 /PRNewswire/ -- V2X Inc. (NYSE: VVX) has been selected as an awardee on the U.S. Army's Live Training, Ranges, and Combat Training Centers (LTRaC) Indefinite Delivery, Indefinite Quantity (IDIQ) Multiple Award Contract 3. This strategic contract, supporting the U.S. Army Program Executive Office for Simulation, Training and Instrumentation (PEO STRI), delivers life-cycle product line management, engineering, and manufacturing for both existing and new training instrumentation syste ...
Curtiss-Wright(CW) - 2025 Q1 - Earnings Call Presentation
2025-05-08 12:16
Q1 2025 EARNINGS CONFERENCE CALL Conference Call Dial-in numbers: (800) 343-5172 (domestic) (203) 518-9856 (international) Conference code: CWQ125 May 8, 2025 1 Investor Day 2024 SAFE HARBOR STATEMENT Please note that the information provided in this presentation is accurate as of the date of the original presentation. The presentation will remain posted on this website from one to twelve months following the initial presentation, but content will not be updated to reflect new information that may become av ...