Building Systems

nVent Announces Share Repurchase Authorization

Friday, May 14, 2021 - 9:23pm

b'nVent Electric plc (NYSE:NVT) (\xe2\x80\x9cnVent\xe2\x80\x9d), a global leader in electrical connection and protection solutions, today announced that its Board of Directors has approved a three-year share repurchase program pursuant to which the Company may repurchase up to $300 million of nVent shares.

Key Points: 
  • b'nVent Electric plc (NYSE:NVT) (\xe2\x80\x9cnVent\xe2\x80\x9d), a global leader in electrical connection and protection solutions, today announced that its Board of Directors has approved a three-year share repurchase program pursuant to which the Company may repurchase up to $300 million of nVent shares.
  • The program begins on July 23, 2021, upon the expiration of nVent\xe2\x80\x99s current share repurchase programs.
  • As of March 31, 2021, the company had approximately 168 million common shares outstanding.\nThe authorization does not constitute a commitment to repurchase shares.
  • nVent assumes no obligation, and disclaims any obligation, to update the information contained in this press release.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210514005533/en/\n'

Columbus McKinnon Completes Successful Debt Refinancing

Friday, May 14, 2021 - 8:15pm

The new financing also includes a $100 million, five-year revolving credit facility with a springing first-lien net leverage covenant.

Key Points: 
  • The new financing also includes a $100 million, five-year revolving credit facility with a springing first-lien net leverage covenant.
  • The facility provides a permanent capital structure that is flexible and low cost.
  • Key products include hoists, crane components, precision conveyor systems, actuators, rigging tools, light rail workstations, and digital power and motion control systems.
  • The Company assumes no obligation to update the forward-looking information contained in this release.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210514005503/en/\n"

Global Elevator & Escalator Market Insights & Forecast 2021-2025 Featuring Business & Financial Overview and Strategies for Otis, Kone, ThyssenKrupp, Schindler, Mitsubishi & Hitachi - ResearchAndMarkets.com

Friday, May 14, 2021 - 1:50pm

b'The "Global Elevator & Escalator Market: Insights & Forecast with Potential Impact of COVID-19 (2021-2025)" report has been added to ResearchAndMarkets.com\'s offering.\nThe global elevator & escalator (E&E) market is forecasted to record a value of US$154.91 billion in 2025, progressing at a CAGR of 7.15% during the period spanning 2021-2025.\nThe factors such as rising urbanization, upswing in digitalization, increasing geriatric population, growing construction activities and ageing E&E installed base would drive the growth of the market.\nHowever, the market growth would be challenged by high price of installation and setup, dearth of skilled workforce and stringent safety norms.

Key Points: 
  • b'The "Global Elevator & Escalator Market: Insights & Forecast with Potential Impact of COVID-19 (2021-2025)" report has been added to ResearchAndMarkets.com\'s offering.\nThe global elevator & escalator (E&E) market is forecasted to record a value of US$154.91 billion in 2025, progressing at a CAGR of 7.15% during the period spanning 2021-2025.\nThe factors such as rising urbanization, upswing in digitalization, increasing geriatric population, growing construction activities and ageing E&E installed base would drive the growth of the market.\nHowever, the market growth would be challenged by high price of installation and setup, dearth of skilled workforce and stringent safety norms.
  • A few notable trends may include accelerating development of smart cities, upsurge in tourism activities, surging penetration of novel technologies, escalating demand for energy efficient elevators and verticalization of cities.\nThe global E&E market is categorized on the basis of service and technology.
  • According to the type of service, the market can be split into maintenance, new installation/equipment and modernization.
  • Whereas, the global E&E market can be bifurcated into machine room-less, hydraulic and traction, in terms of technology.\nThe fastest growing regional market was Asia Pacific which is expected to dominate the market in future accruing to expansion in the construction of buildings across the residential and non-residential sectors, increasing shift towards eco-efficiency, flexible design, and safety, rising public expenditure on infrastructural development in developing countries such as Indonesia, India, China, and Philippines, surging disposable income and growing urbanization.\nFurther, disruption in the supply chain of raw materials and halted construction activities, caused by the COVID-19 pandemic, resulted in the downfall in demand for elevators and escalators, which eventually had a negative impact on its market growth globally.\n'

SG Blocks to Bring COVID-19 Testing to Food Network’s South Beach Wine & Food Festival

Friday, May 14, 2021 - 1:30pm

b'SG Blocks, Inc. (NASDAQ: SGBX) (\xe2\x80\x9cSG Blocks\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d), a leading designer, innovator and fabricator of container-based structures, announced today that the Company is working in tandem with Stone Clinical Laboratories to bring COVID-19 testing to Miami\xe2\x80\x99s South Beach area, on behalf of Food Network\xe2\x80\x99s annual Wine & Food Festival.\nThis press release features multimedia.

Key Points: 
  • b'SG Blocks, Inc. (NASDAQ: SGBX) (\xe2\x80\x9cSG Blocks\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d), a leading designer, innovator and fabricator of container-based structures, announced today that the Company is working in tandem with Stone Clinical Laboratories to bring COVID-19 testing to Miami\xe2\x80\x99s South Beach area, on behalf of Food Network\xe2\x80\x99s annual Wine & Food Festival.\nThis press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20210514005126/en/\nImage of proposed lab (Photo: Business Wire)\nThis year marks the 20th anniversary of the festival, and offers uniquely crafted events, which showcase world-class wine, spirits, and food.
  • Each project starts with GreenSteel\xe2\x84\xa2, the structural core and shell of an SG Blocks building, and then customized to client specifications.
  • While SG Blocks believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release.

KB Home Announces the Grand Opening of Magnolia Square, a New Gated Townhome Community in a Prime Orange County Location

Friday, May 14, 2021 - 1:00pm

b'KB Home (NYSE: KBH) today announced the grand opening of Magnolia Square, a new, gated townhome community situated in a prime Orange County location.

Key Points: 
  • b'KB Home (NYSE: KBH) today announced the grand opening of Magnolia Square, a new, gated townhome community situated in a prime Orange County location.
  • View the full release here: https://www.businesswire.com/news/home/20210514005036/en/\nKB Home announces the grand opening of Magnolia Square, a new gated townhome community in a prime Orange County location.
  • \xe2\x80\x9cThe community offers customers a rare opportunity to purchase a new home in an area with limited inventory.
  • Learn more about how we build homes built on relationships by visiting kbhome.com .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210514005036/en/\n'

KB Home Announces the Grand Opening of Oak Park, a New-Home Community in a Popular West Phoenix Location

Friday, May 14, 2021 - 1:00pm

b'KB Home (NYSE: KBH) today announced the grand opening of Oak Park, a new community of ranch-style homes in highly desirable Avondale, Arizona.

Key Points: 
  • b'KB Home (NYSE: KBH) today announced the grand opening of Oak Park, a new community of ranch-style homes in highly desirable Avondale, Arizona.
  • View the full release here: https://www.businesswire.com/news/home/20210514005041/en/\nKB Home announces the grand opening of Oak Park, a new-home community in a popular West Phoenix location.
  • (Photo: Business Wire)\nThe single-story homes at Oak Park showcase desirable design characteristics like spacious kitchens overlooking large great rooms and expansive bedroom suites with walk-in closets.
  • Learn more about how we build homes built on relationships by visiting kbhome.com .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210514005041/en/\n'

Trash Butler Accepted into Moderne Ventures Passport Program, Becoming Second Largest Industry Provider

Thursday, May 13, 2021 - 11:13pm

This move helps solidify Trash Butler as the next generation leader in Multi-Family doorstep recycling and trash services.

Key Points: 
  • This move helps solidify Trash Butler as the next generation leader in Multi-Family doorstep recycling and trash services.
  • Moderne Ventures will maintain a minority interest in Trash Butler and assist in its business development, innovations, and operational effectiveness.\nIn the past year, Trash Butler has more than doubled in size, and this Moderne Ventures partnership positions the company for expansion and larger market share.
  • Before the transaction, Trash Butler announced a national partnership with the largest multi-family management company in the world.\nFounded in 2012, Trash Butler serves nearly 50 Million units annually across 35 states.
  • The firm\'s executive board includes key industry players, including Dave Magrisso, who founded Valet Waste, pioneering the doorstep trash pickup industry for multi-family communities.\nABOUT TRASH BUTLER: Trash Butler is the 2nd largest doorstep trash and recycling company in the country, serving the Multi-Family Apartment industry, student housing, and condo communities.

nVent Announces Quarterly Cash Dividend

Thursday, May 13, 2021 - 10:41pm

b"nVent Electric plc (NYSE: NVT) announced today that it will pay a regular quarterly cash dividend of $0.175 per ordinary share on August 6, 2021, to shareholders of record at the close of business on July 23, 2021.\nnVent is a leading global provider of electrical connection and protection solutions.

Key Points: 
  • b"nVent Electric plc (NYSE: NVT) announced today that it will pay a regular quarterly cash dividend of $0.175 per ordinary share on August 6, 2021, to shareholders of record at the close of business on July 23, 2021.\nnVent is a leading global provider of electrical connection and protection solutions.
  • We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes.
  • Our principal office is in London and our management office in the United States is in Minneapolis.
  • nVent assumes no obligation, and disclaims any obligation, to update the information contained in this press release.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513006066/en/\n"

Pennsylvania American Water Announces $17 Million Plan for Water Storage Upgrades in 2021

Thursday, May 13, 2021 - 9:32pm

b'Pennsylvania American Water today announced its 2021 plans to rehabilitate 11 of its water storage tanks and construct seven new structures.

Key Points: 
  • b'Pennsylvania American Water today announced its 2021 plans to rehabilitate 11 of its water storage tanks and construct seven new structures.
  • Pennsylvania American Water\xe2\x80\x99s tank rehabilitation program of inspecting, sandblasting, and repainting tanks extends their service lives and helps protect water quality.
  • The total cost of the company\xe2\x80\x99s water storage improvements this year is approximately $17 million.\n\xe2\x80\x9cStorage tanks are critical to meeting the supply demands of our customers and providing fire protection for our communities,\xe2\x80\x9d said Pennsylvania American Water President Mike Doran.
  • American Water provides safe, clean, affordable and reliable water services to our customers to help make sure we keep their lives flowing.