Market News

Avery Dennison (AVY)

Avery Dennison Corp. said Tuesday its third-quarter profit was $62.5 million, or 59 cents a share, compared to $62.7 million, or 63 cents a share, in the year-ago period. Sales fell to $1.55 billion, from $1.72 billion last year.
The company slightly topped Street estimates.

Oct 27 · 11:27:00 AM · Source: Company News Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Textron (TXT)

Textron said today that its third quarter net income fell to $4 million, or 1 cent a share, from $206 million, or 83 cents, a year earlier. Third-quarter sales fell 27 percent to $2.55 billion.
Profit exceeded analysts’ estimates as savings from job cuts helped compensate for reduced production.

Oct 27 · 11:07:00 AM · Source: Company News Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Crane Company (CR)

Crane Co., a diversified manufacturer of highly engineered industrial products, reported third quarter 2009 net income attributable to common shareholders of $35.1 million, or $0.60 per diluted share, compared to third quarter 2008 net income attributable to common shareholders of $36.1 million, or $0.60 per diluted share. Third quarter 2009 sales of $551 million decreased $92.0 million, or 14%, which included a core sales decline of $100.5 million (15%) and unfavorable foreign currency translation of $17.8 million (3%), partially offset by an increase in sales from acquired businesses of $26.3 million (4%).

Oct 26 · 7:56:00 PM · Source: Company News
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Hexcel Corp. (HXL)

Hexcel Corporation today reported third quarter earningse were $10.4 million, or $0.11 per diluted share, compared to $33.0 million or $0.34 per diluted share in 2008. Net sales during the quarter were $257.1 million, 22.4% lower than the $331.4 million reported for the third quarter of 2008.

Oct 26 · 7:35:00 PM · Source: Company News Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Hexcel Corp. (HXL)

Oct 26 · 7:33:00 PM · Source: Company News
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Caterpillar (CAT)

Caterpillar the world's biggest maker of heavy machinery, said Monday it plans to permanently cut 2,500 workers even as increasing demand will allow it to recall some employees who were laid off during the economic downturn.

Oct 26 · 3:35:00 PM · Source: Company News Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

General Cable Corp. (BGC)

General Cable reported third quarter earnings of $16.4 million, or 31 cents a share, compared with earnings of $50.5 million, or 94 cents a share, a year ago. Excluding items, it earned 55 cents a share. Net sales fell 25 percent to $1.08 billion.
Company said weak demand and rising metal prices would hurt its fourth-quarter earnings.

Oct 26 · 10:10:00 AM · Source: Company News Release
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter

Honeywell (HON)

Honeywell reported Q3 earnings of $0.80 per share on net income of $619 million versus $0.97 per share on net income of $723 million in the year ago period.
“Honeywell is positioning its businesses for long-term growth by continuing to invest in new products and services, geographic expansion, and key process initiatives," said Honeywell Chairman and Chief Executive Officer Dave Cote. "We executed well in the third quarter with sales on track and better than expected earnings and free cash flow performance. We're particularly pleased with our free cash flow performance year-to-date, which reflects our strong operating disciplines and working capital controls. These results reflect the impact of the growth investments and productivity actions we have taken in the midst of tough market conditions."

Oct 23 · 3:25:00 PM · Source: Press Release
Track · email · face · Twitter · digg · COMMENTS
by Michael Oliveto

Previous · Next