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Stock Market & Financial Investment News

News Breaks
May 28, 2014
17:31 EDTNPOEnPro reports deal to supply engine-generator sets to Electricite de France
Disclosed in a regulatory filing, Fairbanks Morse Engine, an EnPro Industries company, has been selected with consortium partner, Westinghouse France, to supply 23 3.5 MWe opposed-piston, diesel engine-generator sets to Electricite de France, EDF, for emergency back-up power at 20 of EDF’s nuclear power plants in France. Terms of the contract call for Fairbanks Morse to supply one 12-cylinder opposed-piston engine-generator set rated at 3.5 MWe for each of 20 of EDF’s nuclear reactors at eight sites in France, as well as two spare diesel generator sets and one model set. Delivery of the first units is expected in 2016 with the remaining units delivered before the end of 2018. Fairbanks Morse estimates that revenues to it under the contract to be approximately EUR89.2M, which are anticipated to be recognized over time under the percentage of completion method.
News For NPO From The Last 14 Days
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February 26, 2015
07:11 EDTNPOGabelli to hold a conference
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February 19, 2015
18:23 EDTNPOEnPro CFO Alexander W. Pease to resign replaced by J. Milton Childress
EnPro announced that J. Milton Childress will assume the responsibilities of Senior VP and CFO on March 31 replacing Alexander W. Pease, who has announced his resignation as senior VP and CFO effective as of that date in order to accept a new career opportunity which he expects to finalize in the coming weeks. Pease has agreed to remain with EnPro in an advisory capacity through May 31 to ensure an orderly transition. Childress is currently EnPro’s VP, strategic planning and business development, a position he has held since February 2006. He joined EnPro in December 2005.
18:19 EDTNPOEnPro approves $80M stock repurchase program
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18:18 EDTNPOEnPro CEO: volatility and currency issues will have "negative effect" in FY15
EnPro CEO Steve Macadam stated, “Economic volatility outside of North America and slowing project and maintenance spending in the oil and gas markets could result in lower demand levels in a few of our businesses. In addition, the weakening of the euro and other foreign currencies will likely have a negative translation effect on our sales and earnings for the year. Longer term, we expect continued benefits from our strategic growth initiatives including growth from recent and future strategic acquisitions,”
18:16 EDTNPOEnPro reports Q4 adjusted EPS 57c, consensus 40c
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