On Wednesday, Seagate Technology PLC (NASDAQ:STX)’s shares declined -0.04% to $53.18.
Samsung HDD, a division of Seagate Technology PLC (NASDAQ:STX), declared 4TB M3 Portable and the P3 Portable external hard drives, which are the first 4TB USB-powered single drive solutions to come in 2.5” cases in the world.
The 4TB Samsung® M3 Portable and the Samsung® P3 Portable drives measure 0.78 inches thin and weigh only 8.3 ounces and operate at USB 3.0 speeds without requiring any external power supplies.
Seagate Technology Public Limited Company designs, manufactures, and sells electronic data storage products in the Asia Pacific, the Americas, and EMEA countries. The company provides hard disk drives, solid state hybrid drives, and solid state drives that are designed for enterprise servers and storage systems in mission critical and nearline applications; for client compute applications comprising desktop and mobile computing; and for client non-compute applications, such as digital video recorders, personal data backup systems, portable external storage systems, and digital media systems.
Actuant Corporation (NYSE:ATU)’s shares dropped -2.77% to $23.18.
Actuant Corporation (ATU) declared results for its third quarter ended May 31, 2015.
Highlights
- Total sales declined 15% year-over-year with 7% attributable to the strengthening of the US dollar. Core sales were down 8% (total sales not taking into account the impact of acquisitions, divestitures and foreign currency rate changes).
- Diluted earnings per share (“EPS”) were $0.63, contrast to $0.70 in the prior year (see “Merged Results” below and attached reconciliation of earnings). Third quarter EPS in both periods comprises the benefit of favorable income tax items.
- Sequential improvement in operating profit margin to the highest level of the fiscal year, and year-over-year reduction in selling, administrative and engineering (SA&E) spending.
- Repurchased about one million shares of common stock for $24 million in the quarter.
- Amended and extended Actuant’s credit facility, counting upsizing it to $900 million, with more favorable terms and conditions.
- Updated full year sales and EPS guidance, now predictable to be in the range of $1.24-1.25 billion and $1.55-1.60 per share, respectively.
Actuant Corporation designs, manufactures, and distributes a range of industrial products and systems worldwide. It operates in three segments: Industrial, Energy, and Engineered Solutions. The Industrial segment manufactures and markets branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure, and production automation markets under the Enerpac, Simplex, Precision-Hayes, and Milwaukee Cylinder brands. Its primary products comprise hydraulic tools, heavy lifting solutions, workholding (production automation) solutions, and concrete stressing components and systems. The Energy segment provides technical products and services, counting joint integrity products and services, customized offshore vessel mooring solutions, and rope and cable solutions to the oil and gas, power generation, and other energy markets.
At the end of Wednesday’s trade, Mueller Water Products, Inc. (NYSE:MWA)‘s shares decreased 0.43% to $9.30.
Mueller Systems, LLC, a leading provider of advanced metering infrastructure (AMI) systems, has joined the LoRa™ Alliance to bring Internet of Things (IoT) technology to water infrastructure.
The LoRa Alliance is an open, non-profit association of telecom and other providers that are accelerating the adoption of IoT by delivering related products and services now. The Alliance’s mission is to standardize Low Power Wide Area Networks (LPWAN) being deployed around the world to enable IoT, machine-to-machine (M2M), and smart city and industrial applications. Developing standards will allow service providers to offer interoperable products and services in an open network, and to share both knowledge and best practices.
One such application is the Mi.Net® system, Mueller Systems’ AMI system that fully automates the meter-reading-to-billing process - linking meters, distribution sites and control devices in a single, highly efficient data network. Mueller Systems is an associate of Mueller Water Products, Inc. (MWA), a leading North American manufacturer and marketer of products and services that are used in the transmission, distribution and measurement of water.
Mueller Water Products, Inc. manufactures and markets products and services for the use in transmission, distribution, and measurement of water in the United States, Canada, and internationally.
Con-way Inc (NYSE:CNW), ended its Wednesday’s trading session with -0.67% loss, and closed at $40.03.
The Board of Directors of Con-way Inc. (CNW) has declared a cash dividend of 15 cents per share on the company’s common stock. The dividend is payable on September 11, 2015 to shareholders of record on August 14, 2015.
Con-way Inc., together with its auxiliaries, provides transportation, logistics, and supply chain administration services to various manufacturing, industrial, and retail customers in North America and internationally. It operates through three segments: Freight, Logistics, and Truckload.
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