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News Breaks
March 18, 2014
07:10 EDTGHM, MNTX, GGG, KAI, FIXGlobal Hunter to hold a conference
1:1 Series Industrial HVAC & Machinery Conference is being held in San Francisco on March 18.
News For FIX;GGG;GHM;KAI;MNTX From The Last 14 Days
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January 26, 2015
16:13 EDTGGGGraco sees mid-single digit organic growth for Q1, FY15
The company said, “Worldwide demand levels were resilient throughout 2014. As we enter 2015, we expect demand levels to continue to be supportive of growth in every reportable segment and geography, although currency fluctuations and ongoing geopolitical instability remain a concern. Our long-term growth initiatives continue to be our priority, providing a cornerstone for our mid-single digit organic growth expectations for the first quarter and full year 2015. Acquisitions completed in recent months are expected to add approximately 5 percentage points to the company’s sales growth in 2015 and, as disclosed previously, provide earnings accretion of 13c-15c per share for the full year before purchase accounting and transaction costs. At current exchange rates, unfavorable movement in foreign currencies would be a headwind of approximately 4% on sales and 10% on earnings in 2015.”
16:12 EDTGGGGraco reports Q4 EPS 80c, consensus 84c
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15:30 EDTGGGNotable companies reporting after market close
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10:00 EDTGGGOn The Fly: Analyst Downgrade Summary
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06:21 EDTGGGGraco downgraded to Perform from Outperform at Oppenheimer
Oppenheimer downgraded Graco to Perform citing valuation with shares around its previous price target of $80 as well as "outsized" currency risks.
January 23, 2015
14:16 EDTFIXJPMorgan reports 6.2% passive stake in Comfort Systems USA
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January 20, 2015
09:17 EDTKAIKadant receives $11M in orders for recycling and chemical pulping equipment
Kadant announced that at the end of Q4 it received orders totaling $11M from three pulp and paper producers in the U.S. and Mexico for chemical pulping equipment and recycling system upgrades. The chemical pulping equipment will be used to recover chemicals in the kraft pulping process and the stock-preparation recycling systems will be used to process recycled fiber for use in paper production. The company expects to report consolidated bookings for Q4 of approximately $103M.
January 15, 2015
10:59 EDTMNTXManitex completes acquisition of PM Group, SpA
Manitex International (MNTX) announced that it has successfully completed its previously announced acquisition of PM Group S.p.A. The purchase price of $91M, which reflects exchange rate changes in effect at the closing, compares to the previously announced price of $107M, and consisted of cash consideration of $21M, assumed non-recourse debt of $60M, and one million shares of Manitex common stock. Financing for the cash portion of the purchase price was provided by Manitex's recently announced new bank credit facilities and the issuance of new convertible subordinated notes to institutional investors. David J. Langevin, Chairman and CEO of Manitex International, stated, "The PM acquisition is expected to be accretive to our net earnings in 2015 and beyond. The addition of PM, together with ASV, our new joint venture with Terex Corporation (TEX), positions Manitex to start 2015 at an annual sales run rate of approximately $500M."

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