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Construction Supplies & Fixtures

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Braas Monier signs agreement to acquire Ontop B.V.

Thursday, 21 Jul 2016 03:02am EDT

Braas Monier : Signs agreement to acquire Ontop B.V., a European manufacturer of steel chimneys . Acquisition to complement Braas Monier's existing product mix, brand portfolio and geographical footprint . European manufacturer with operations in Netherlands, Poland, Germany and France .Acquisition is expected to close over coming weeks.

STEICO Q2 revenues up at 54.4 million euros

Thursday, 21 Jul 2016 12:50am EDT

STEICO SE : Said on Wednesday revenues in the first six months were up 9.5 percent year-on-year, from 92.5 million euros to 101.3 million euros ($111.76 million) . H1 EBITDA improved by 52.2 percent to 17.5 million euros (previous year: 11.5 million euros), and EBIT lifted by 81.5 percent to 9.8 million euros (previous year: 5.4 million euros) . H1 net income grew by 57.9 percent to 6.0 million euros(previous year: 3.8 million euros) . Q2 revenues of 54.4 million euros were recorded in the second quarter (previous year: 47.4 million euros) . Q2 EBIT lifted by 51.4 percent to 5.6 million euros (previous year: 3.7 million euros) . Management believes that the positive growth will continue, however the growth rates are expected to be slightly lower than in the first half of the year; expects that the consequences of the planned BREXIT will dampen future growth on this market .Is forecasting revenue growth in the upper single- digit percentage range for the year as a whole. In terms of EBIT, above average growth in the upper double-digit percentage range is forecast..

Zhejiang Youpon Integrated Ceiling to buy properties for 95.8 mln yuan

Wednesday, 20 Jul 2016 10:55pm EDT

Zhejiang Youpon Integrated Ceiling Co Ltd <002718.SZ>: Says it will use 95.8 million yuan to buy properties in Shanghai .Says the properties will be used as offices.

Valmont Industries Q2 earnings per share $1.85

Wednesday, 20 Jul 2016 05:30pm EDT

Valmont Industries Inc : "See continued downward pressure in irrigation market" . Valmont industries inc says "we see continued downward pressure in irrigation market" . "Restructuring activities will affect energy and mining and coatings segments." . Reports second quarter 2016 earnings . Q2 earnings per share $1.85 . Q2 revenue $640.2 million versus i/b/e/s view $648.5 million . Q2 earnings per share view $1.73 -- Thomson Reuters I/B/E/S . Reaffirms FY 2016 earnings per share view $6.31 to $6.49 . FY2016 earnings per share view $6.40 -- Thomson Reuters I/B/E/S . "We do not expect a significant short-term improvement in our end markets" . "Long-term, our outlook is quite positive due to strong inherent drivers in infrastructure and agriculture markets." .Guidance of earnings per share between $6.31 and $6.49 in 2016 takes into account some margin pressure in second half".

Nobia Q2 EBIT just tops estimates

Wednesday, 20 Jul 2016 07:00am EDT

Nobia : Q2 organic growth was 4 per cent (7) . Q2 net sales amounted to SEK 3,667 million (3,575) . Q2 operating profit amounted to SEK 414 million (400) . Says we are focusing intensively on achieving our target of a 10 per cent operating margin in 2016 . Says uncertainty has however increased due to result of referendum in uk .Reuters Poll: Nobia Q2 net sales were seen at SEK 3,638 mln, EBIT was seen at 410 mln sek.

Grupo Lamosa reaches deal to buy Ceramica San Lorenzo in South America

Wednesday, 20 Jul 2016 04:59am EDT

Grupo Lamosa SAB de CV : Said on Tuesday it had reached an agreement with Etex on acquisition of its ceramics coatings operations in South America for about $230 million .The transaction includes the acquisition of six subsidiaries with operations in Chile, Colombia, Peru and Argentina.

Philips acquires Wellcentive

Wednesday, 20 Jul 2016 02:35am EDT

Koninklijke Philips NV : Announces that it has signed an agreement to acquire Wellcentive, a US-based provider of population health management software solutions . Financial details of the transaction not to be disclosed Further company coverage: [LIGHT.AS] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 09 20;)).

LIXIL Group unit to sell housing unit

Wednesday, 20 Jul 2016 02:00am EDT

LIXIL Group Corp <5938.T>: Says the co's wholly owned unit LIXIL Corp will sell its wholly owned unit, a Tochigi-based housing company, in late August . Says the buyer is a unit of Polaris Capital Group Co., Ltd .Says the transaction price is not disclosed.

Villeroy & boch H1 consolidated revenue up 3.0 pct to EUR 398.6 mln

Wednesday, 20 Jul 2016 02:00am EDT

Villeroy & Boch AG : Goals for 2016 confirmed . H1 operating EBIT improves by 7.0 percent to 16.8 million euros ($18.51 million) .H1 consolidated revenue up 3.0 percent to 398.6 million euros.

Tile Shop says Q2 adjusted earnings $0.14/share

Tuesday, 19 Jul 2016 08:00am EDT

Tile Shop Holdings Inc : Tile Shop reports second quarter 2016 results . Q2 sales $84.3 million versus i/b/e/s view $84.4 million . Tile Shop Holdings Inc says net sales grew 11.3% to $84.3 million for q2 of 2016 . Q2 non-GAAP earnings per share $0.14 . Q2 earnings per share view $0.13 -- Thomson Reuters I/B/E/S . Sees full-year net sales $322 million- $329 million . Sees full-year comparable store sales mid to high single digits . Sees full-year capital expenditures of about $30 million . Sees full-year non-GAAP earnings per share $0.41 - $0.45 .Full-year 2016 earnings per share view $0.45 -- Thomson Reuters I/B/E/S.

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