Carlisle Companies

Cascade Services Opens their Headquarters Office in Tampa and Expands Leadership Team

Retrieved on: 
Tuesday, February 20, 2024

TAMPA, Fla., Feb. 20, 2024 /PRNewswire/ -- Cascade Services has announced the opening of their new headquarters office in downtown Tampa, Florida.

Key Points: 
  • TAMPA, Fla., Feb. 20, 2024 /PRNewswire/ -- Cascade Services has announced the opening of their new headquarters office in downtown Tampa, Florida.
  • "Given our strong footprint in Florida and our focus on expanding our family of brands across the Southeast, Tampa was a natural choice of a location for our corporate office," Ty Johnson, CEO of Cascade Services, stated.
  • Coupled with opening the Tampa office, the company has added several new members to the leadership team over the last 12 months including:
    Brad Gavelek oversees all financial aspects of the company.
  • If you are interested in learning more or joining the Cascade family of brands, email [email protected] or visit www.cascadeservices.com .

Carlisle Companies Signs Definitive Agreement to Sell Carlisle Interconnect Technologies to Complete its Pivot to a Pure Play Building Products Company

Retrieved on: 
Tuesday, January 30, 2024

Carlisle Companies Incorporated (NYSE: CSL), a leading supplier of innovative building products and solutions, today announced the signing of a definitive agreement to sell Carlisle Interconnect Technologies (“CIT”) to Amphenol Corporation (NYSE: APH) in a transaction valued at $2.025 billion.

Key Points: 
  • Carlisle Companies Incorporated (NYSE: CSL), a leading supplier of innovative building products and solutions, today announced the signing of a definitive agreement to sell Carlisle Interconnect Technologies (“CIT”) to Amphenol Corporation (NYSE: APH) in a transaction valued at $2.025 billion.
  • Chris Koch, Chair, President and Chief Executive Officer, said “The sale of CIT aligns with our Vision 2030 strategy and represents a significant milestone in our strategic pivot from a diversified industrial portfolio of businesses to a premier pure play building products company.
  • As we complete this strategic shift, we look forward to executing our commitment in Vision 2030 to delivering over $40 of adjusted EPS through our innovative building envelope products and solutions.
  • The profitable growth and superior returns that we have demonstrated since 2018 are largely attributable to our strategic pivot and highly accretive capital allocation methodology.

Amphenol Corporation to Acquire CIT Business From Carlisle

Retrieved on: 
Tuesday, January 30, 2024

Amphenol Corporation (NYSE: APH), a leading global provider of high-technology interconnect, antenna and sensor solutions, today announced a definitive agreement to acquire the Carlisle Interconnect Technologies (“CIT”) business of Carlisle Companies Incorporated (NYSE: CSL) for $2.025 billion in cash, subject to customary post-closing adjustments.

Key Points: 
  • Amphenol Corporation (NYSE: APH), a leading global provider of high-technology interconnect, antenna and sensor solutions, today announced a definitive agreement to acquire the Carlisle Interconnect Technologies (“CIT”) business of Carlisle Companies Incorporated (NYSE: CSL) for $2.025 billion in cash, subject to customary post-closing adjustments.
  • “We are excited to welcome CIT’s approximately 6,000 talented employees to the Amphenol family,” said Amphenol President and Chief Executive Officer, R. Adam Norwitt.
  • We look forward to working together with CIT’s experienced management team to drive superior operating performance for the business as part of Amphenol.
  • Evercore is serving as Amphenol’s financial advisor for the transaction and Latham & Watkins, LLP is acting as its legal advisor.

NBT Bancorp Inc. Announces CEO Succession Plan

Retrieved on: 
Monday, January 22, 2024

Watt was appointed President and Chief Executive Officer of NBT and NBT Bank, N.A.

Key Points: 
  • Watt was appointed President and Chief Executive Officer of NBT and NBT Bank, N.A.
  • “I am deeply grateful for the opportunity to lead NBT and to work with the team I truly believe is the best in community banking,” said Watt.
  • NBT Bancorp Inc. is a financial holding company headquartered in Norwich, NY, with total assets of $13.83 billion at September 30, 2023.
  • More information about NBT and its divisions is available online at: www.nbtbancorp.com , www.nbtbank.com , www.epicrps.com and www.nbtinsurance.com .

Heavy-duty Vehicle Braking System Market size to grow by USD 2.10 billion from 2023 to 2028 | Market is fragmented due to the presence of prominent companies like A.W.D. Dwight and Son Engineers Ltd., Akebono Brake Industry Co. Ltd. and Baer Inc., many m

Retrieved on: 
Tuesday, December 5, 2023

The heavy-duty vehicle braking system market is fragmented owing to the presence of many global and regional companies.

Key Points: 
  • The heavy-duty vehicle braking system market is fragmented owing to the presence of many global and regional companies.
  • Dwight and Son Engineers Ltd., Akebono Brake Industry Co. Ltd., Baer Inc., BorgWarner Inc., Brembo Spa, Carlisle Companies Inc., Cojali S.L.
  • Dwight and Son Engineers Ltd.- The company offers heavy-duty vehicle braking system products such as avoiding brake systems, footbrake valves, handbrake valves, and many more.
  • Download free sample report to get more insights on the market share of various regions and contribution of the segments.

WEBCO INDUSTRIES, INC. REPORTS FISCAL 2024 FIRST QUARTER RESULTS

Retrieved on: 
Tuesday, November 28, 2023

Net sales for the first quarter of fiscal 2024 were $157.8 million, a 16.3 percent decrease from the $188.5 million of sales in the first quarter of fiscal year 2023.

Key Points: 
  • Net sales for the first quarter of fiscal 2024 were $157.8 million, a 16.3 percent decrease from the $188.5 million of sales in the first quarter of fiscal year 2023.
  • In the first quarter of fiscal year 2024, we had income from operations of $8.0 million after depreciation of $3.7 million.
  • Selling, general and administrative expenses were $13.6 million in the first quarter of fiscal 2024 and $13.6 million in the first quarter of fiscal 2023.
  • Interest expense was $1.3 million in the first quarter of fiscal year 2024 and $1.5 million in the same quarter of fiscal year 2023.

Installed Building Products Reports Third Quarter 2023 Results; Declares Regular Quarterly Cash Dividend

Retrieved on: 
Wednesday, November 8, 2023

Installed Building Products, Inc. (the "Company" or "IBP") (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced results for the third quarter ended September 30, 2023.

Key Points: 
  • Installed Building Products, Inc. (the "Company" or "IBP") (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced results for the third quarter ended September 30, 2023.
  • As a result, we achieved record quarterly net profit margin and adjusted EBITDA margin for the three months ended September 30, 2023.
  • IBP’s Board of Directors has approved the Company’s quarterly cash dividend of $0.33 per share, payable on December 31, 2023, to stockholders of record on December 15, 2023.
  • The fourth quarter regular cash dividend represents a 5% increase from last year’s fourth quarter cash dividend payment.

The Vita Coco Company Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, October 31, 2023

NEW YORK, Oct. 31, 2023 (GLOBE NEWSWIRE) -- The Vita Coco Company, Inc. (NASDAQ: COCO) (“Vita Coco” or the "Company”), a leading high-growth platform of better-for-you beverage brands, today announced financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Third Quarter Net Sales Increased 11% to $138MM; Year-To-Date Net Sales Grew 15%
    NEW YORK, Oct. 31, 2023 (GLOBE NEWSWIRE) -- The Vita Coco Company, Inc. (NASDAQ: COCO) (“Vita Coco” or the "Company”), a leading high-growth platform of better-for-you beverage brands, today announced financial results for the third quarter ended September 30, 2023.
  • Net sales increased $14 million, or 11%, to $138 million for the third quarter ended September 30, 2023, compared to $124 million for the third quarter ended September 30, 2022.
  • SG&A expenses in the third quarter of 2023 were $33 million, compared to $24 million in the prior-year period.
  • The Vita Coco Company will host a conference call and webcast at 8:30 a.m.

Lincoln Electric Reports Third Quarter 2023 Results

Retrieved on: 
Friday, October 27, 2023

CLEVELAND, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported third quarter 2023 net income of $129.3 million, or diluted earnings per share (EPS) of $2.22, which includes special item after-tax net charges of $10.1 million, or $0.18 EPS. This compares with prior year period net income of $109.2 million, or $1.87 EPS, which included special item after-tax net charges of $10.3 million. Excluding special items, third quarter 2023 adjusted net income was $139.5 million, or $2.40 adjusted EPS. This compares with adjusted net income of $119.6 million, or $2.04 adjusted EPS, in the prior year period.

Key Points: 
  • CLEVELAND, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Lincoln Electric Holdings, Inc. (the “Company”) (Nasdaq: LECO) today reported third quarter 2023 net income of $129.3 million, or diluted earnings per share (EPS) of $2.22, which includes special item after-tax net charges of $10.1 million, or $0.18 EPS.
  • Excluding special items, third quarter 2023 adjusted net income was $139.5 million, or $2.40 adjusted EPS.
  • Operating income for the third quarter 2023 was $171.4 million, or 16.6% of sales.
  • A conference call to discuss third quarter 2023 financial results will be webcast live today, October 27, 2023, at 10:00 a.m., Eastern Time.

AdvanSix Announces Third Quarter 2023 Financial Results

Retrieved on: 
Friday, November 3, 2023

Capital expenditures of $25.1 million in the quarter increased $2.9 million versus the prior year.

Key Points: 
  • Capital expenditures of $25.1 million in the quarter increased $2.9 million versus the prior year.
  • The dividend is payable on November 28, 2023 to stockholders of record as of the close of business on November 14, 2023.
  • AdvanSix will discuss its results during its investor conference call today starting at 9:00 a.m.
  • ET start, and tell the operator that you are dialing in for AdvanSix’s third quarter 2023 earnings call.