Chairman and CEO Douglas Oberhelman got a small raise in salary last year, but the more important parts of his compensation ��cash incentives and stock options ��fell.
The AP analysis of Oberhelman's compensation considered salary, bonus, perks and the estimated value of stock and option grants that the company reported Monday to the U.S. Securities and Exchange Commission. The calculation excluded changes in the present value of the CEO's pension benefits, which makes the total differ from the one that Caterpillar reported in a summary table of Monday's filing.
Oberhelman's salary rose 2% to $1.6 million. However, his cash incentive payment fell by more than half, to $2.24 million from $5.05 million in 2012 based partly on the company's 2013 performance and partly on 2011-2013 numbers. The value of his stock options on the day they were granted dropped to $7.97 million from $10.78 million in 2012.
Top Airline Companies To Buy Right Now: First Majestic Silver Corp.(AG)
First Majestic Silver Corp. engages in the production, development, exploration, and acquisition of mineral properties with a focus on silver in Mexico. The company owns interests in La Encantada Silver Mine comprising 4,076 hectares of mining rights and 1,343 hectares of surface land located in Coahuila; La Parrilla Silver Mine consisting of mining concessions covering an area of 69,867 hectares; and San Martin Silver Mine comprising approximately 7,841 hectares of mineral rights and approximately 1,300 hectares of surface land rights located in Jalisco. It also holds interests in Del Toro Silver Mine consisting of 393 contiguous hectares of mining claims and an additional 129 hectares of surface rights located in Zacatecas; Real de Catorce Silver Project comprising 22 mining concessions covering 6,327 hectares located in San Luis Potosi state; and Jalisco Group of Properties consisting of mining claims totalling 5,240 hectares located in Jalisco. The company was founded in 1979 and is headquartered in Vancouver, Canada.
Advisors' Opinion:- [By Lisa Levin] Related AG Morning Market Losers First Majestic Silver (AG) in Focus: Stock Rises 5.9% - Tale of the Tape Related ARCI Top 4 Stocks In The Electronics Stores Industry With The Highest ROE Morning Market Movers
The Dow jumped 0.77% to 17,074.40, while the NASDAQ composite index rose 0.47% to 4,436.25. The broader Standard & Poor's 500 index gained 0.53% to 1,978.08.
- [By Doug Ehrman]
While many precious-metals companies have been in a slump of late, there is one that belongs perpetually in your portfolio: Silver Wheaton (NYSE: SLW ) . The company is not like other miners -- including Pan American Silver (NASDAQ: PAAS ) and First Majestic (NYSE: AG ) -- in that it has a unique business plan that insulates it against many of the vagaries of the mining business. Moreover, because silver will always have a significant industrial demand component, even with the heightened volatility you see in the silver market, maintaining exposure to silver is appropriate.
Top 10 Machinery Companies To Buy For 2014: Robogroup TEK Ltd (ROBO)
RoboGroup T.E.K Ltd. is a global, diversified enterprise with proprietary technologies on the forefront of robotics, motion control and technology education. RoboGroup's activities are organized in two related business operations: Yaskawa Eshed Technology (YET) and Intelitek.
YET, a joint venture with Japan's Yaskawa Electric Corp., which provides industrial motion controls, particularly those based on its algorithms. Intelitek, which develops, manufactures and markets training products and e-learning systems. Intelitek�� broad educational product line covers subjects such as computer-aided design, computer-aided manufacturing, configurable network computing, robotics, machine vision, hydraulics, pneumatics, sensors, process control and data acquisition. Intelitek also designs and produces integrated and customized manufacturing workcells, ranging from small-scale flexible manufacturing systems to complete computer integrated manufacturing systems.
Advisors' Opinion:- [By Matt Krantz]
Another way for investors to play the robotics industry is a new exchange traded fund, Robo-Stox Robotics & Automation (symbol: ROBO). The ETF owns a basket of robotics and automation stocks. One major caution, though, is that not all the stocks in the ETF are those investors traditionally think of when it comes to robotics. The largest weighting is in 3D Systems, a maker of a 3D printer, and Faro Technologies, which makes measurement devices. But none of the stocks in the ETF account for more than 4% of the total value, so the diversification helps give investors a way to play the speculative industry.
- [By John Udovich]
Spruce Point Capital Management, LLC has released a research report about small cap robotics stock iRobot Corporation (NASDAQ: IRBT) entitled ��bout to Short Circuit,��meaning investors should take a closer look at the report, the�stock�and the performance of�robotics peer Adept Technology Inc (NASDAQ: ADEP) and�the Robo-Stox Global Robotics & Automation ETF (NASDAQ: ROBO). I should mention that we used to have both Adept Technology and iRobot Corporation in our SmallCap Network Elite Opportunity (SCN EO) portfolio�because we see the�robotics subsector improving as companies aim to reduce overhead and improve efficiencies through machine to machine (M2M) automation.
Top 10 Machinery Companies To Buy For 2014: Emak SpA (EM)
Emak SpA is an Italy-based company primarily engaged in the manufacture of outdoor power equipment for gardening, forestry, agriculture and industry. The Company�� portfolio includes chainsaws, brush cutters, lawnmowers, garden tractors, water pumps, high pressure washers, transporters, rotary cultivators, motor hoes and power cutters, among others. It also manufactures spare parts, accessories and protective clothing. The Company sells its products under various brand names, such as Oleo-Mac, Efco, Bertolini, Nibbi and Staub. Emak SpA directly manages distribution in the Italian market and it sells products, through its commercial subsidiaries, in France, Germany, the United Kingdom, Spain, the countries of Benelux, Poland, Ukraine, among others.The Company is controlled by Yama SpA, which is an industrial holding company. Advisors' Opinion:- [By Federico Zaldua]
Brookfield Infrastructure has a number of potentially profitable areas for investment around the world but, above all, in infrastructure hungry Emerging Markets (EM) such as Brazil. According to Credit Suisse analysts, in Brazil, funds can be invested at Funds From Operations (FFO) yields above 12%. Therefore, the company's ability to grow its distribution yield, whether through acquisitions or organically, is critical to evaluate the company's value. Moreover, the currently conservative dividend payout ratio should allow Brookfield Infrastructure to self-finance on going opportunities.
Top 10 Machinery Companies To Buy For 2014: Flowserve Corp (FLS)
Flowserve Corporation, incorporated on May 1, 1912, is a manufacturer and aftermarket service provider of flow control systems. The Company develops and manufacture precision-engineered flows control equipment integral to the movement, control and protection of the flow of materials in its customers' critical processes. The Company operates in three segments: Engineered Product Division (EPD), which includes long leads time, custom and other engineered pumps and pump systems, mechanical seals, auxiliary systems and replacement parts and related services, Industrial Product Division (IPD), which includes pre-configured engineered pumps and pump systems and related products and services, and Flow Control Division (FCD), which includes engineered and industrial valves, control valves, actuators and controls and related services. Effective December 10, 2013, Flowserve Corp acquired Innovative Mag-Drive LLC.
Through the Company's manufacturing platform and global network of Quick Response Centers (QRCs), the Company offers an array of aftermarket equipment services, such as installation, advanced diagnostics, repair and retrofitting. The Company's product portfolio of pumps, valves, seals, automation and aftermarket services supports global infrastructure industries, including oil and gas, chemical, power generation and water management, as well as certain general industrial markets where the Company's products and services add value. The Company sells its products and services to more than 10,000 companies, including some of the engineering, procurement and construction firms (EPC), original equipment manufacturers, distributors and end users.
Engineered Product Division
The Company designs, manufactures, distributes and services engineered pumps and pumps systems, mechanical seals, auxiliary systems, replacement parts and related equipment. The business primarily consists of long lead time, engineered, configured products, which require extensive test requirements a! nd project management skills. EPD products and services are primarily used by companies that operate in the oil and gas, power generation, chemical, water management and general industries. The Company markets its pump and mechanical seals products through its global sales force and its regional QRCs and service and repair centers or through independent distributors and sales representatives. A portion of the Company's mechanical seal products are sold directly to original equipment manufacturers for incorporation into rotating equipment requiring mechanical seals. The Company's pump products are manufactured in a range of metal alloys and with a variety of configurations to meet the critical operating demands of the Company's customers.
The Company also manufactures a gas-lubricated mechanical seal that is used in high-speed compressors for gases pipelines and in the oil and gas production and process markets. The Company's products are manufactured at 29 plants worldwide, nine of which are located in Europe, 11 in North America, four in Asia Pacific and five in Latin America. The Company also conducts business through strategic foreign joint ventures. The Company has six unconsolidated joint ventures that are located in China, India, Japan, Saudi Arabia, South Korea and the United Arab Emirates, where a portion of its products are manufactured, assembled or serviced in these territories. The Company manufactures more than 40 different active types of pumps and approximately 185 different models of mechanical seals and sealing systems.
The Company's EPD products include between bearings pumps, which include single case- axially split, single case- radially split, double case; overhung pumps, which includes api process; positive displacement pumps, which includes multiphase, reciprocating and screw; mechanical seals and seal support systems, which includes gas barrier seals and dry-running seals, and specialty products, which includes nuclear pumps, nuclear seals, cryogenic p! umps, cry! ogenic liquid expander, hydraulic decoking systems, and API slurry pumps. The Company�� EPD Brand Names include BW Seals, Byron Jackson, Calder Energy Recovery Devices, Cameron, Durametallic, Five Star Seal, Jeumont-Schneider, and Interseal. EPD Services includes provision of engineered aftermarket services through its global network of 128 QRCs, some of which are co-located in manufacturing facilities, in 41 countries. Its EPD service personnel provide a comprehensive set of equipment services for flow management control systems, including installation, commissioning, repair, advanced diagnostics, re-rate and retrofit programs, machining and comprehensive asset management solutions. The Company provides asset management services and condition monitoring for rotating equipment through special contracts with many of its customers that reduce maintenance costs.
Industrial Product Division
The Company designs , manufactures, distributes and services pre-configured engineered pumps and pumps systems, including submersible motors, for industrial markets. IPD's standardized, general purpose pump products are primarily utilized by the oil and gas, chemical, water management, power generation and general industries. The Company's products are manufactured in 12 manufacturing facilities, three of which are located in the United States and six in Europe. IPD operates 20 QRCs worldwide, including 11 sites in Europe, three in the United States , five in Asia Pacific and one in Latin America. The Company manufactures approximately 40 different active types of pumps available in a wide range of metal alloys and non-metallics with a variety of configurations. The products includes Overhung, which includes Chemical Process ANSI and ISO, Industrial Process , and Slurry and Solids Handling ; Specialty Products, which includes Molten Salt VTP Pump, Submersible Pump, Thruster, Geothermal Deepwell, and Barge Pump; Between Bearings, which includes Single Case- Axially Split and Single Case- Radia! lly Split! ; Vertical, which includes Wet Pit, Deep Well Submersible Motor, Slurry and Solids Handling, and Sump; Positive Displacement, which includes Gear. The Company�� brands include Aldrich, Durco, IDP, Pacific, Pleuger, Scienco, Sier Bath, Western Land Roller, TKL, Worthington, and Worthington-Simpson. The Company markets its pump products through its worldwide sales force and its regional service and repair centers or through independent distributors and sales representatives. The Company provide an array of aftermarket services including product installation and commissioning services, spare parts, repairs, re-rate and upgrade solutions, advanced diagnostics and maintenance solutions through its global network of QRCs.
Flow Control Division
The Company�� FCD designs, manufactures, distributes and services a portfolio of industrial valve and automation solutions, including isolation and control valves, actuation, controls and related equipment. In addition, FCD offers energy management products, such as steam traps, boiler controls and condensate and energy recovery systems. FCD products are used to control, direct and manage the flow of liquids and gases and are an integral part of any flow control system. The Company's valve products are often customized and engineered to perform specific functions within each customer's unique flow control environment. The Company's flow control products are primarily used by companies operating in the chemical (including pharmaceutical), power generation (nuclear, fossil and renewable), oil and gas, water management and general industries (including aerospace, pulp and paper and mining). FCD has 58 sites worldwide, including 25 principal manufacturing facilities ( five of which are located in the United States and 13 of which are located in Europe) and 33 QRCs, including three consolidated joint ventures. A small portion of the Company's valves are also produced through an unconsolidated joint venture in India.
The Company's pr! oducts ar! e used in a variety of applications, from general service to the severe and demanding services, including those involving high levels of corrosion, extreme temperatures and/or pressures, zero fugitive emissions and emergency shutdown. The Company's smart valve and diagnostic technologies integrate sensors, microprocessor controls and software into high performance integrated control valves, digital positioners and switchboxes for automated on/off valve assemblies and electric actuators. These technologies permit real-time system analysis, system warnings and remote indication of asset health. These technologies have been developed in response to the growing demand for reduced maintenance, improved process control efficiency and digital communications at the plant level. The Company's valve automation products encompass a range of pneumatic, electric, hydraulic and stored energy actuation designs to take advantage of whatever power source the customer has available.
The Company�� products includes valve automation systems, control valves, ball valves, gate valves, globe valves, check valves, lined plug valves, lubricated plug valves, diagnostic software, digital positioners, pneumatic positioners, intelligent positioners, pneumatic actuators, hydraulic actuators, diaphragm actuators, direct gas and gas-over-oil actuators. steam traps, boiler controls, digital communications, and valve and automation repair services. The Company�� brands include Accord, Anchor/Darling, Argus, Atomac, Durco, Edward, Flowserve, Gestra, Kammer, Limitorque, McCANNA/MARPAC, NAF, NAVAL, Noble Alloy, Norbro, Nordstrom, PMV, Serck Audco, Schmidt Armaturen, Valbart, Valtek, Vogt, and Worcester Controls. The Company provides equipment maintenance services for flow control systems, including advanced diagnostics, repair, installation, commissioning, retrofit programs and field machining capabilities.
The Company competes with Sulzer Pumps, Ebara Corp., SPX Corp., Eagle Burgmann, A. W. Chesterton Co. an! d AES Cor! p, John Crane Inc., and Weir Group Plc, ITT Industries, KSB Inc., Sulzer Pumps, Pentair Ltd., Cameron International Corp., Emerson Electric Co., General Electric Co. and Crane Co.
Advisors' Opinion:- [By Jim Jubak]
So, why did shares of Flowserve (FLS) soar 5.7%, yesterday?
Sure, the maker of all things that move water and other fluids beat Wall Street earnings projections for the fourth quarter by 6 cents a share (after excluding one-time charges) and revenue climbed 4.6% year over year, matching analyst estimates.
- [By Jim Jubak]
Some individual stocks are already close to, or slightly over, that 3% dip benchmark. Cummins (CMI), for example, is down 2.9% from December 2 through the December 4 close. Flowserve (FLS) is down 3.4% from November 25 through December 4.
- [By Damon Churchwell]
Increasing sales and margins
A second, even larger, flow technology company to consider is Flowserve (NYSE: FLS ) . The company's flow control systems are utilized by a wide range of industries, led by oil & gas, chemicals, and power generation. - [By Charles Carlson]
If you are new to DRIP investing, treat yourself to a few DRIPs this holiday season. Trust me��t'll change your life.
American Water Works (AWK)��ielding 2.7% with a DRIP minimum of $100
Cincinnati Financial (CINF)��ielding 3.2% with a DRIP minimum of $25
CVS Caremark (CVS)��ielding 1.4% with a DRIP minimum of $100
Dominion Resources (D)��ielding 3.4% with a DRIP minimum of $40
Domino's Pizza (DPZ)��ielding 1.2% with a DRIP minimum of $65
Eaton (ETN)��ielding 2.3% with a DRIP minimum of $100
Flowserve (FLS)��ielding 0.8% with a DRIP minimum of $100
Kellogg (K)��ielding 3.0% with a DRIP minimum of $50
New Jersey Resources (NJR)��ielding 3.7% with a DRIP minimum of $100
Quest Diagnostics (DGX)��ielding 2.0% with a DRIP minimum of $100
Tim Hortons (THI)��ielding 1.7% with a DRIP minimum of $25
Subscribe to Dow Theory Forecasts here��/p>
Top 10 Machinery Companies To Buy For 2014: Energy Recovery Inc (ERII)
Energy Recovery, Inc. incorporated in April 1992, is engaged in developing, manufacturing and selling of energy recovery devices and circulation pumps primarily for uses in seawater desalination plants that use reverse osmosis technology. The Company's products are sold under the trademarks AquaBold, AquaSpire, ERITM, PXT, Pressure Exchanger, PX Pressure Exchanger, PEIT, Pump Engineering and Quadribaric. The Company develops and sells two main lines of energy recovery devices: PX pressures Exchanger devices and turbochargers. Each line includes a range of models and sizes to address the breadth of required process flow rates, plant designs and sizes. The company has two wholly owned subsidiaries: Energy Recovery Iberia, S.L. and ERI Energy Recovery Ireland Ltd. During the year ended December 2011, the Company merged three subsidiaries including, Osmotic Power, Inc.; Energy Recovery, Inc. International and Pump Engineering, Inc. into the parent company, Energy Recovery, Inc.
Energy recovery devices
The Company's PX offering includes: the PX-300 and PX-Q300; the 65 series (the PX-260, PX-220 and PX-180); the 4S series (PX-140S, PX-90S, PX-70S, PX-45S and PX-30S) and brackish PX devices (for the desalination of water with a lower concentration of salt than seawater). The Company's turbocharger offering includes: the HTCAT series (HTCAT-1800, HTCAT-2400, HTCAT-3600, HTCAT-4800, HTCAT-7200 and HTCAT-9600); the HALO line (HALO-50, HALO-75, HALO-100, HALO-150, HALO-225, HALO-300, HALO-450, HALO-500, HALO-600, HALO-900 and HALO-1200) and the LPT series for brackish water desalination applications (LPT-63, LPT-125, LPT-250, LPT-500, LPT-1000, LPT-2000 and LPT-3200).
High-pressure and Circulation pumps.
The Company manufactures and sells high-pressure feed, circulation and booster pumps for uses with its energy recovery devices in reverse osmosis desalination plants. The Company's line of pumps includes the AquaBold series (AquaBold 2x3x5, AquaBold 3x4x7 and ! AquaBold 4x6x9); the AquaSpire series (AquaSpire-300, AquaSpire-450, AquaSpire-600, AquaSpire-900, AquaSpire-1200, AquaSpire-1800, AaquaSpire-2400, AquaSpire-3600, AquaSpire-4800, AquaSpire-7200 and AquaSpire-9600) and a line of small circulation pumps.
Technical support and Replacement parts
The Company provides engineering and technical support to customers during product installation and plants commissioning. The Company also offers replacement parts and services for its PX devices and turbochargers. The Company's PX devices and turbochargers are also used to retrofit or replace older energy recovery devices in existing desalination plants.
The Company Competes with Flowserve Corporation (Flowserve) based in Irving, Texas and Fluid Equipment Development Company, Clyde Union Ltd., Duchting Pumpen Maschinenfabrik GmbH & Co KG, KSB Aktiengesellschaft, Torishima Pump Mfg. Co., Ltd. and Sulzer Pumps, Ltd.
Advisors' Opinion:- [By Ant贸nio Costa]
Energy Recovery, Inc. (NASDAQ: ERII) broke out of a small consolidation area with heavy volume and will likely have the attention of the swing-traders in the next days.
Top 10 Machinery Companies To Buy For 2014: Mueller Industries Inc (MLI)
Mueller Industries, Inc., incorporated on October 03, 1990, is a manufacturer of copper, brass, plastic, and aluminum products. The Company�� products include copper tube and fittings; brass and copper alloy rod, bar, and shapes; aluminum and brass forgings; aluminum and copper impact extrusions; plastic pipe, fittings and valves; refrigeration valves and fittings; fabricated tubular products; and steel nipples. The Company also resells imported brass and plastic plumbing valves, malleable iron fittings, faucets and plumbing specialty products. Mueller�� operations are located throughout the United States and in Canada, Mexico, Great Britain, and China. The Company has two segments: the Plumbing & Refrigeration segment and the Original Equipment Manufacturers (OEM) segment. The Plumbing & Refrigeration segment is composed of the Standard Products Division (SPD), European Operations, and Mexican Operations. The OEM segment is composed of the Industrial Products Division (IPD), Engineered Products Division (EPD), and Jiangsu Mueller-Xingrong Copper Industries Limited (Mueller-Xingrong), the Company�� Chinese joint venture. On August 16, 2012, the Company acquired 100% of the stock of Westermeyer Industries, Inc. (Westermeyer), located in Bluffs, Illinois. Westermeyer designs, manufactures, and distributes high-pressure components and accessories for the air-conditioning and refrigeration markets. In October 2013, Commercial Metals Company completed the sale of Howell Metal Company, to Mueller Copper Tube Products, Inc., a subsidiary of Mueller Industries, Inc.
Plumbing & Refrigeration segment
SPD manufactures and sells copper tube, copper and plastic fittings, plastic pipe, and valves in North America and sources products for import distribution in North America. European Operations manufacture copper tube in Europe, which is sold in Europe and the Middle East; activities also include import distribution in the United Kingdom and Ireland. Mexican Operations consist of pi! pe nipple manufacturing and import distribution businesses, including product lines of malleable iron fittings and other plumbing specialties. The Plumbing & Refrigeration segment sells products to wholesalers in the heating, ventilation, and air-conditioning (HVAC), plumbing, and refrigeration markets, to distributors to the manufactured housing and recreational vehicle industries, and to building material retailers.
Mueller�� Plumbing & Refrigeration segment includes SPD, which manufactures a line of copper tube, in sizes ranging from 1/8 inch to eight inch diameter, which are sold in various straight lengths and coils. Mueller is in the air-conditioning and refrigeration service tube markets. In addition, Mueller supplies a variety of water tube in straight lengths and coils used for plumbing applications in virtually every type of construction project. SPD also manufactures copper and plastic fittings and related components for the plumbing and heating industry that are used in water distribution systems, heating systems, air-conditioning, and refrigeration applications, and drainage, waste, and vent systems. SPD�� products are used in the domestic residential and commercial construction markets. The Plumbing & Refrigeration segment also fabricates steel pipe nipples and resells imported brass and plastic plumbing valves, malleable iron fittings, faucets, and plumbing specialty products to plumbing wholesalers, distributors to the manufactured housing and recreational vehicle industries and building materials retailers.
The Company competes with Cerro Flow Products, Inc., Cambridge-Lee Industries LLC , Wolverine Tube, Inc., KobeWieland Copper Products LLC, Howell Metal Company, Elkhart Products Company, NIBCO, Inc. and Charlotte Pipe & Foundry.
OEM segment
The OEM segment manufactures and sells brass and copper alloy rod, bar, and shapes; aluminum and brass forgings; aluminum and copper impact extrusions; refrigeration valves and fittings; fabr! icated tu! bular products, and gas valves and assemblies. Mueller-Xingrong manufactures engineered copper tube primarily for air-conditioning applications. The products are sold primarily to OEMs located in China. The OEM segment sells its products primarily to original equipment manufacturers, many of which are in the HVAC, plumbing, and refrigeration markets.
Mueller�� OEM segment includes IPD, which manufactures brass rod, nonferrous forgings, and impact extrusions that are sold primarily to OEMs in the plumbing, refrigeration, fluid power, and automotive industries, as well as to other manufacturers and distributors. The Company extrudes brass, bronze and copper alloy rod in sizes ranging from 3/8 inches to four inches in diameter. These alloys are used in applications that require a high degree of machinability, wear and corrosion resistance, as well as electrical conductivity. IPD also manufactures brass and aluminum forgings, which are used in a variety of products, including automotive components, brass fittings, industrial machinery, valve bodies, gear blanks, and computer hardware. IPD also serves the automotive, military ordnance, aerospace, and general manufacturing industries with cold-formed aluminum and copper impact extrusions. The OEM segment also includes EPD, which manufactures and fabricates valves and custom OEM products for refrigeration and air-conditioning, gas appliance, and barbecue grill applications. In addition, EPD manufactures shaped and formed tube, produced to tight tolerances, for baseboard heating, appliances, and medical instruments.
The Company competes with Chase Brass and Copper Company.
Advisors' Opinion:- [By Neil Macneale]
Among the potential addition to our portfolio, Mueller Industries (MLI) may seem among the least likely. It�� a very small-cap company ($1.8B) and it�� not very well known (covered by only two analysts).
- [By Sean Williams]
Mueller? ...Mueller?
Although quality value stocks can be as elusive as Ferris Bueller on his day off, investors would be wise to add Mueller Industries (NYSE: MLI ) , provider of�copper, brass, aluminum, and plastic products, to their watchlists.
Top 10 Machinery Companies To Buy For 2014: Lincoln Electric Holdings Inc (LECO)
Lincoln Electric Holdings, Inc., incorporated in 1906, is a manufacturer of welding, cutting and brazing products. Welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The Company's product offering also includes computer numeric controlled (CNC) plasma and oxy-fuel cutting systems and regulators and torches used in oxy-fuel welding, cutting and brazing. The Company operates in five segments: North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group. On July 29, 2011, the Company acquired Techalloy Company, Inc. and certain assets of its parent company, Central Wire Industries Ltd. On July 29, 2011, the Company acquired Applied Robotics, Inc. (doing business as Torchmate) (Torchmate). On January 31, 2011, the Company acquired SSCO Manufacturing, Inc. (doing business as Arc Products) (Arc Products). On March 11, 2011, the Company completed the acquisition of OOO Severstal-metiz: welding consumables (Severstal). In March 2012, the Company acquired Weartech International, Inc. In May 2012, the Company acquired Wayne Trail Technologies, Inc., a manufacturer of automated systems and tooling, serving a range of applications in the metal processing market. In November 2012, ITT Corp sold its shape cutting product lines, including the Burny and Kaliburn brands to the Company. In January 2013, the Company acquired Tennessee Rand, Inc.
The North America Welding segment includes welding operations in the United States, Canada and Mexico. The Europe Welding segment includes welding operations in Europe, Russia and Africa. The other two welding segments include welding operations in Asia Pacific and South America, respectively. The Harris Products Group includes the Company's global cutting, soldering and brazing businesses as well as the retail business in the United States. The arc welding power sources and wire feeding systems man! ufactured by the Company range in technology from basic units used for light manufacturing and maintenance to robotic applications for high volume production welding and fabrication. Three primary types of arc welding electrodes are produced: coated manual or stick electrodes; solid electrodes produced in coil, reel or drum forms for continuous feeding in mechanized welding, and cored electrodes produced in coil form for continuous feeding in mechanized welding.
Advisors' Opinion:- [By Seth Jayson]
Lincoln Electric Holdings (Nasdaq: LECO ) is expected to report Q1 earnings on April 23. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Lincoln Electric Holdings's revenues will grow 1.1% and EPS will grow 2.6%. - [By Seth Jayson]
Lincoln Electric Holdings (Nasdaq: LECO ) is expected to report Q2 earnings on July 29. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Lincoln Electric Holdings's revenues will expand 1.8% and EPS will expand 9.9%.
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