Sify Technologies reports Q2 revenue INR5.89B vs. INR5.81B last year » 08:1010/2310/23/20
Raju Vegesna, Chairman,…
Raju Vegesna, Chairman, said, "As the pandemic continues, Sify has shifted its focus from business continuity to business transformation. As our clients gain confidence in our ability to ensure their effective IT operations, they are increasingly turning to our Digital Services, seeking transformation capabilities to help them to further automate their operations in anticipation of the "new normal". Our IT services infrastructure, network services, automation skillsets and knowledge of the evolving IT landscape has ticked the right boxes for clients as they evolve their IT capabilities. The breadth of projects executed has helped Sify mature its Digital Services and is establishing us as a Digital Transformation Specialist with a full range of convergence capabilities".
Gorman-Rupp raises quarterly dividend 6.9% to 15.5c per share » 06:4510/2310/23/20
Payable December 10 to…
Payable December 10 to shareholders of record November 13.
Gorman-Rupp transitioning role of President to COO Scott King in January » 06:3810/2310/23/20
Gorman-Rupp announced that, as part of the company's on-going succession planning, effective January 1, 2021 the role of President will transition from Jeffrey Gorman, who will continue to serve as the Chairman and CEO, to Scott A. King, who is currently the Company's Vice President and OO. In addition to operational and financial oversight of all of Gorman-Rupp's divisions and subsidiaries, King will join Gorman in leading the Company's strategic planning and acquisition efforts. King has been with the company since 2004 and has held various operational leadership roles during this time.
Gorman-Rupp reports Q3 EPS 28c, one estimate 28c » 06:3510/2310/23/20
Reports Q3 revenue…
Reports Q3 revenue $89.0M, one estimate $87.38M. CEO Jeffrey Gorman stated, "While sales and incoming orders continue to be negatively impacted by the global challenges of COVID-19, both our sales and earnings showed improvement over Q2. Although the ongoing impact of COVID-19 on our economy continues to remain uncertain, we remain focused on being prepared for the eventual recovery when it does occur, including maintaining strong inventory levels and focusing on our long-term strategic initiatives across the numerous end markets we serve."
Fly Intel: After-Hours Movers » 18:5010/2210/22/20
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DMC Global sees Q4 revenue $50M-$55M, consensus $49.36M » 16:1410/2210/22/20
Michael Kuta, CFO, said…
Michael Kuta, CFO, said fourth quarter 2020 sales are expected in a range of $50M to $55M versus the $55.3 M reported in the 2020 third quarter. At the business level, DynaEnergetics is expected to report sales in a range of $30 million to $33 million versus the $34.2 million reported in 2020 third quarter, while NobelClad's sales are expected in a range of $20 million to $22 million versus the $21.1 million reported in the 2020 third quarter. Consolidated gross margin is expected in a range of 20% to 23% versus 25% in the 2020 third quarter. The anticipated sequential decline reflects an expected seasonal drop in higher-margin international sales at DynaEnergetics, and a less favorable project mix at NobelClad. Adjusted EBITDA is expected in a range of $2 million to $4 million versus the $6.0 million in the third quarter of 2020.
DMC Global reports Q3 EPS 8c, consensus (9c) » 16:1210/2210/22/20
Reports Q3 revenue…
Reports Q3 revenue $55.3M, consensus $46.5M. Gross margin was 25%, up from 15% in Q2 2020 and down from 36% in Q3 2019. President and CEO Kevin Longe said, "The third quarter brought a stronger-than-expected upturn in North American well completion activity, and DynaEnergetics' customers were able to quickly accelerate operations, in part by deploying our Factory-Assembled, Performance-Assured(TM) DS perforating systems, which are delivered just-in-time to the wellsite. In addition, NobelClad reported better-than-expected order shipments. These factors led to third quarter financial results that exceeded publicly issued guidance. "Despite the recent improvement in well completion activity, the environment for North America's unconventional oil and gas industry remains challenging, and most operators and service companies are actively streamlining operations and reducing costs. Many also are adopting new well-completion technologies, including DynaEnergetics' integrated DS perforating systems, which require fewer people and less time to arm and deploy, and significantly enhance the safety, performance and reliability of our customers' well-completion programs.
ExOne awarded contract from NCDMM » 10:0210/2210/22/20
ExOne announced that it…
ExOne announced that it was recently awarded a contract to develop binder jet manufacturing processes for a novel steel alloy for the United States Air Force Research Laboratory. Awarded by the National Center for Defense Manufacturing and Machining on Sept. 1, the contract aims to develop and qualify AF-9628, a high-strength steel developed by the Air Force, for binder jet 3D printing.
Standex raises quarterly dividend 9% to 24c per share » 09:3910/2210/22/20
The dividend is payable…
The dividend is payable November 25 to shareholders of record on November 10.
Alkaline Water becomes official vendor for Kampgrounds of America » 09:1610/2210/22/20
The Alkaline Water…
The Alkaline Water Company announced that it is now an approved vendor for Kampgrounds of America and Yogi Bear's Jellystone Park Camp-Resorts.