DXP Enterprises Announces 2016 Fourth Quarter and Fiscal Year 2016 Results

Fiscal year 2016 sales of $962 million
Solid full year GAAP diluted EPS of $0.49
Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (“EBITDA”) of $55.2 million, or 5.7 percent of sales.
Recorded $5.6 million gain on sale of Vertex from $31.5 million of proceeds
Solid free cash flow of $43.1 million, excluding Q1 cash outflow of $9.4 million, free cash flow for fiscal 2016 was $52.5 million
Net proceeds of $52.2 million via common stock offerings with the issuance of 2.7 million shares
Reduced total debt by $125.9 million for the year
 
HOUSTON -- DXP Enterprises, Inc. (NASDAQ:DXPE) today announced financial results for the fourth quarter and fiscal year ending December 31, 2016. A reconciliation of the non-GAAP financial measures is in the back of this press release.
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OMRON to Acquire U.S. Based Adept Technology

Adds Robotics to Strengthen Industrial Automation Business

KYOTO, Japan & PLEASANTON, Calif.--- OMRON Corporation (President & CEO: Yoshihito Yamada [TOKYO:6645]) (“OMRON”), a global leader in the field of automation based on its core sensing and control technology, and Adept Technology, Inc. (President and Chief Executive Officer: Rob Cain [NASDAQ:ADEP]) (“Adept”), a global, leading provider of intelligent robots, autonomous mobile robot solutions and services, today announced that the two companies have entered into an agreement whereby OMRON will acquire Adept.

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Adept Technology Reports Fiscal Year 2015 First Quarter Results

PLEASANTON, Calif., Nov. 4, 2014  -- Adept Technology, Inc. (ADEP), a leading provider of intelligent robots, autonomous mobile solutions and services, today announced its fiscal 2015 first quarter financial results.

Fiscal 2015 First Quarter Highlights

  • Revenue of $14.4 million increased 6% compared with the 2014 first quarter.
  • Operating income was $0.1 million compared with an operating loss of $0.2 million in 2014.
  • Adjusted EBITDA of $0.6 million increased 35% compared with 2014.
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Cleantech Solutions International Becomes Certified Supplier to China's Oil and Natural Gas Industry

Cleantech Solutions International, Inc. ("Cleantech Solutions" or "the Company") (CLNT), a manufacturer of metal components and assemblies, primarily used in the wind power, solar and other clean technology industries and dyeing and finishing equipment to the textile industry, today announced that it has become a certified supplier of components to China Petroleum and Chemical Corporation (Sinopec) and China National Petroleum Corporation (CNPC).

In May 2013, the Company delivered protoypes to Sinopec and CNPC of forged flanges and pipes, which are components used in oil and natural gas onshore and offshore drilling and refinery equipment. The Company's subsidiary, Wuxi Fulland Wind Energy Equipment Co., Ltd., has also received the necessary third party certifications, stating that its flanges and pipes are in conformity with the applicable standards in regard to axis shape, circular shape, tubular shape and forging processing.

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Cleantech Solutions International Reports Fourth Quarter and Full Year 2012 Results

Cleantech Solutions International, Inc. ("Cleantech Solutions" or "the Company") (CLNT), a manufacturer of metal components and assemblies, primarily used in the wind power, solar, dyeing and finishing equipment and other clean technology industries, today announced its financial results for the three months and year ended December 31, 2012.

"The year 2012 was marked by a challenging environment in China that impacted capital spending and demand from customers in our key end markets, particularly during the first half of the year. 

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