Key Developments: Esterline Technologies Corp (ESL)
24 Dec 2014
Latest Key Developments (Source: Significant Developments)
Esterline Technologies Corp announced that it is on track to achieve objectives for the fiscal 2013, including adjusted EPS guidance of $5.30 to $5.50 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $5.31 for fiscal 2013. Full Article
Esterline Technologies Corp announced that the global economic conditions, particularly in Europe, have industrial markets stuck in neutral. Though rail business continues to grow, other markets are under some pressure, slowing the pace of growth the Company anticipated at the beginning of the year. With these market factors as a background, the Company has decided it's prudent at this point to moderate its expectations. The Company continue to believe business will strengthen as it move to the second half but not to the extent it previously thought. For that reason, the Company has recalibrated its fiscal 2013 earnings guidance to a range of $5.30 to $5.50 per share. Full Article
Esterline Technologies Corp announced that it is confident holding to fiscal 2013 guidance. Fiscal 2013 revenues continue to look solid, in the $2.1 billion range. Full Article
BRUSSELS - Belgian visual technology company Barco NV has agreed to sell its defense and aerospace business to U.S. firm Esterline Corporation for 150 million euros ($190 million).