Author: Steven Adams

Stanley Black & Decker Reports 3% Year-Over-Year Revenue Increase

Stanley Black & Decker Reports 3% Year-Over-Year Revenue Increase

Stanley Black & Decker (SWK) has been trending higher since reporting in line Q4 earnings. Quarterly revenue rose 2%, while EPS came in at $2.18, rising 3% quarter-over-quarter. Full year 2019 revenue was $14.4 billion rising 3% year-over-year. The company calculated losses from external sources, including tariffs and currency fluctuations, at $445 million. This resulted […]

Illinois Tool Works Beats Earnings and Revenue Estimates

Illinois Tool Works Beats Earnings and Revenue Estimates

A strong earnings report from Illinois Tool Works (ITW) calmed investors worried about the impact of coronavirus on the global manufacturer. ITW addressed the issue, while reporting earnings and revenue in line with expectations. The company was able to grow earnings per share 9%, and 5% for all of 2019, while executing in a declining […]

Celanese Corporation Solidifies Leadership in Acetyl Products With Acquisition of Elotex

Celanese Corporation Solidifies Leadership in Acetyl Products With Acquisition of Elotex

Celanese Corporation (CE) has announced the expansion of a key business line through the acquisition of a business unit of Nouryon. Celanese will acquire Nouryon’s redispersible polymer powders operating in both Europe and China.  The deal will result in the Elotex brand being transferred to Celanese. It includes all production facilities in Europe and Asia, […]

Stanley Black and Decker in Talks to Acquire Consolidated Aerospace Manufacturing to Boost Aerospace Revenues

Stanley Black and Decker in Talks to Acquire Consolidated Aerospace Manufacturing to Boost Aerospace Revenues

In a move to boost exposure to the aerospace industry, Stanley Black and Decker (SWK) is reportedly in talks to purchase Consolidated Aerospace Manufacturing, LLC (CAM), a privately held fasteners, fittings, and engineered products manufacturer.  Stanley has apparently been very aggressive in the bidding process, outbidding other private equity firms for the CAM operations. Speculation […]

Simulations Plus Up 7% After Beating Earnings Forecast

Simulations Plus Up 7% After Beating Earnings Forecast

After releasing its Q1 2020 earnings report last week, the stock price of Simulations Plus (SLP) jumped higher. The company beat analyst forecasts by $0.02, with earnings coming in at $0.11 per share versus estimates of $0.09. In the conference call following the earnings release, CEO Shawn O’Connor detailed the excellent quarter and shed some […]