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Industrial Conglomerates

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3M says expects pricing to be closer to flat in the U.S. for 2017 - Conf call

Tuesday, 25 Jul 2017 10:15am EDT

July 25 (Reuters) - 3m Co :3M says expects FY 2017 share repurchases to be in range of $2 billion to $3.5 billion versus $2.5 billion to $4.5 billion previously.3M says co is now tracking to the low end of its expectation for price growth in the U.S.; says expect pricing to be closer to flat in the U.S. for 2017.3M co says co taking selected price adjustments in some markets to gain market share and accelerate volume growth; says examples of those markets are its industrial business and consumer business.

Dupont says Q2 crop protection sales up 10 pct - conf call

Tuesday, 25 Jul 2017 09:48am EDT

July 25 (Reuters) - E I Du Pont De Nemours And Co ::Dupont says in the second quarter, crop protection sales were up 10 percent and seed sales up 6 percent - conf call.

GE Healthcare says Catherine Estrampes appointed president & CEO of GE Healthcare Europe‍​

Tuesday, 25 Jul 2017 08:35am EDT

July 25 (Reuters) - General Electric Co ::GE Healthcare says Catherine Estrampes appointed president & Ceo of GE Healthcare Europe‍​.‍GE Healthcare says Catherine succeeds Jean-Michel Malbrancq​.

3M reports Q2 EPS $2.58

Tuesday, 25 Jul 2017 07:30am EDT

July 25 (Reuters) - 3m Co :3M delivers second-quarter sales of $7.8 billion and earnings of $2.58 per share; company updates its 2017 outlook.Q2 GAAP earnings per share $2.58.Q2 sales $7.8 billion versus I/B/E/S view $7.86 billion.Q2 earnings per share view $2.54 -- Thomson Reuters I/B/E/S.3M co says updated 2017 full-year outlook: GAAP eps of $8.80 to $9.05 versus $8.70 to $9.05, previously.Qtrly organic local-currency sales increased 3.5 percent while divestitures reduced sales by 1.0 percent.‍Now forecasts organic local-currency sales growth to be 3 to 5 percent for 2017​.Says foreign currency translation decreased sales by 0.6 percent in quarter.Qtrly industrial sales of $2.7 billion, up 2.5 percent in U.S. Dollars.FY2017 earnings per share view $8.95 -- Thomson Reuters I/B/E/S.Qtrly total sales grew 8.3 percent in Asia Pacific.

Dupont says in agriculture segment, H2 North America farm-level income expected to be pressured

Tuesday, 25 Jul 2017 06:21am EDT

July 25 (Reuters) - E I Du Pont De Nemours And Co :Dupont - in agriculture segment, North America farm-level income is expected to continue to be pressured in H2 2017 - Presentation‍​.Dupont - in nutrition & health, consumer demand for healthier products to result in continued probiotics growth, led by U.S. and Asia Pacific in H2 2017.Dupont -in nutrition & health, for H2 sees continued portfolio impact due to sale of diagnostics business in 1Q‍​.Dupont - in nutrition & health, soft market conditions in global packaged foods expected to continue in H2 2017.Dupont - see moderate strength in key electronics & communications markets, primarily consumer electronics, semiconductors, photovoltaics in H2 2017.Dupont - in protection solutions, expects military tenders to "remain unsteady, reflecting tender award delays and political uncertainty" for H2.

Dupont's Q2 operating earnings per share $1.38

Tuesday, 25 Jul 2017 06:00am EDT

July 25 (Reuters) - Dupont :Dupont reports second-quarter and first-half results.Q2 operating earnings per share $1.38.Q2 GAAP earnings per share $0.97 from continuing operations.Q2 sales $7.4 billion versus I/B/E/S view $7.29 billion.Q2 earnings per share view $1.29 -- Thomson Reuters I/B/E/S.Says ‍agriculture second-quarter 2017 operating earnings of $963 million increased $98 million, or 11 percent​.Says ‍performance materials second-quarter 2017 operating earnings of $329 million increased $4 million, or 1 percent​.Dupont - ‍merger of equals with Dow expected to close in August​.Dupont - ‍Q2 included charges of $216 million associated with planned merger with Dow Chemical Company and related activities​.Dupont - ‍Q2 included restructuring charges of $160 recorded in employee separation/asset related charges.

Sime Darby's unit signs MoU with Halal Industry Development Corp

Tuesday, 25 Jul 2017 01:57am EDT

July 25 (Reuters) - Sime Darby Bhd :Halal Industry Development Corporation (hdc) signed a memorandum of understanding (mou) with Weifang Sime Darby Port Co., Ltd., China.Mou to develop Halal compliant infrastructure at Weifang Sime Darby Port.

ITW reports second-quarter 2017 results

Monday, 24 Jul 2017 08:00am EDT

July 24 (Reuters) - Illinois Tool Works Inc :Sees FY 2017 earnings per share $6.32 to $6.52.Q2 earnings per share $1.66 excluding items.Q2 GAAP earnings per share $1.69.Q2 revenue $3.6 billion versus I/B/E/S view $3.61 billion.Q2 earnings per share view $1.64 -- Thomson Reuters I/B/E/S.Illinois Tool Works Inc - for Q3 2017, company expects earnings to be in range of $1.57 to $1.67 per share with organic growth of 1 percent to 3 percent.Is raising its 2017 full-year EPS guidance by $0.12 at mid-point.Illinois Tool Works Inc sees 2017 full-year organic revenue growth of 2 percent to 4 percent.Q3 earnings per share view $1.66 -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $6.38, revenue view $14.15 billion -- Thomson Reuters I/B/E/S.Illinois Tool Works - Q3, revised 2017 EPS guidance does not include any EPS benefit from disclosed legal settlement beyond $0.03 per share recorded in Q2.

Honeywell says recognized repositioning charges of $123 mln for workforce reductions in Q2

Friday, 21 Jul 2017 12:18pm EDT

July 21 (Reuters) - Honeywell International Inc :Says in quarter-ended June 30, recognized repositioning charges of $123 million for workforce reductions of 1,902 manufacturing, administrative positions‍​.Says workforce reductions in quarter were mainly in home and building technologies and aerospace - sec filing.Says in May 2017, co got declination letter from DOJ stating it would not pursue criminal prosecution of co related to subpoenas from 2013.Says DOJ subpoenas from 2013 had requested information relating to parts manufactured in united kingdom and china used in F-35 fighter jet.

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