Dover Signs Definitive Agreement To Sell Sargent Aerospace & Defense

DOVER SIGNS DEFINITIVE AGREEMENT TO SELL SARGENT AEROSPACE & DEFENSE

Downers Grove, IL, March 26, 2015 - Dover (DOV) today announced that it has signed a definitive agreement to sell its Sargent Aerospace & Defense unit ("Sargent"), headquartered in Tucson, Arizona, to RBC Bearings Incorporated (ROLL) for $500 million.  Sargent is a leading supplier of precision-engineered components and aftermarket services in the aerospace and defense industries. 

Commenting on the transaction, Dover`s President and Chief Executive Officer, Robert A. Livingston, said, "The sale of Sargent is consistent with our strategy to focus our business mix around our key growth spaces and end-markets.  Sargent has a long track record of providing innovative products and solutions to its customers. I am confident Sargent will continue to build on its success with RBC Bearings."

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GrafTech Reports Fourth Quarter and Year Ended 2014 Results

Exceeds Guidance on Cost Savings Initiatives

INDEPENDENCE, Ohio-- GrafTech International Ltd. (GTI) today announced financial results for the fourth quarter and full year ended December 31, 2014.

2014 Fourth Quarter Review

  • Net sales were $260 million, a decrease of 16 percent, compared to $309 million in the same period of the prior year.
  • Reported net loss was $(83) million, or $(0.61) per diluted share, compared to reported net loss of $(28) million, or $(0.21) per diluted share in the same period of the prior year. These included special charges1 (after tax) of $91 million in the fourth quarter of 2014 and special charges (after tax) of $24 million in the fourth quarter of 2013.
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PGT Reports 2014 Fourth Quarter and Fiscal Year Results

VENICE, Fla., Feb. 25, 2015  -- PGT, Inc. (PGTI), the leading U.S. manufacturer and supplier of residential impact-resistant windows and doors, announces financial results for its fourth quarter and year ended January 3, 2015.

"2014 was a great year for PGT. We opened our new glass processing facility to reduce dependence on outsourced finished glass units and we acquired CGI, expanding our impact product offering and adding another market-leading brand to our portfolio," said PGT's Chairman of the Board and Chief Executive Officer, Rod Hershberger.

Mr. Hershberger continued, "We continue to outpace our underlying markets in terms of top-line growth, as PGT's quarter over quarter sales increased 16.1%, or $10.0 million. Including CGI, our consolidated sales grew 36.6%, or $22.7 million. For the year, sales increased $67.1 million, or 28.0%, to $306.4 million. While proud of all that our dedicated and success-driven employees accomplished in 2014, we are even more excited about our potential for success in 2015 and beyond."

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ThermoCeramix Signs Term Sheet with Zephyr Ventilation Inc. for Technology Licence

MONTREAL, QUEBEC--( Feb 20, 2015) - ThermoCeramix Corporation ("ThermoCeramix" or the "Company") (TSX VENTURE:TCX), a technology-licensing company engaged in the development of high-performance, energy-efficient electric heating solutions, announced today that it has entered into a non-binding term sheet (the "Term Sheet") with Zephyr Ventilation Inc. ("Zephyr"), a San Francisco-based leader in kitchen ventilation hood design, innovation and technology, to co-develop and license products based on the Company's proprietary electro-resistive heating technology.

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Interface Reports 4th Quarter & Fiscal Year 2014 Results

ATLANTA, Feb. 18, 2015  -- Interface, Inc. (TILE), a worldwide carpet tile company and global leader in sustainability, today announced results for the fourth quarter and fiscal year ended December 28, 2014.

"The fourth quarter was a strong finish to the year, as improving demand and manufacturing efficiency, along with our cost cutting initiatives, made for a speedy and robust recovery after the challenges we faced in the third quarter," said Daniel T. Hendrix, Chairman and Chief Executive Officer of the Company.  "Sales surged upward in both the Americas and Asia-Pacific, and particularly in two of our largest geographic markets – the U.S. and Australia.  We also saw an encouraging sales improvement in local currency in Europe, but translation of the declining Euro flipped the result into a small year over year decline as reported in U.S. dollars. 

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