Company Restructuring, New appointments, Awarded Contracts, Board Elections, and Acquisitions - Analyst Notes on Dover, Ametek, B&W, SPX, and ExOne
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NEW YORK, March 13, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Dover Corp. (NYSE: DOV), Ametek Inc. (NYSE: AME), The Babcock & Wilcox Company (NYSE: BWC), SPX Corporation (NYSE: SPX), and The ExOne Company (NASDAQ: XONE). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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Dover Corp. Analyst Notes
On March 5, 2014, Dover Corp. (Dover) announced that it has realigned its businesses into a new segment structure organized around its key end-markets in order to improve focus on growth strategies. According to Dover, the redesigned structure will also offer more opportunities to leverage its scale and capitalize on productivity initiatives. The four segments reported were as follows: Dover Energy, Dover Engineered Systems, Dover Fluids, and Dover Refrigeration & Food Equipment. Robert A. Livingston, Dover's President and CEO, commented, "I am pleased to announce our new segment structure which will better enable us to focus on our key markets and leverage our scale, while we continue our emphasis on geographic market expansion, innovation and exceptional customer service." Further, to support the new structure, Dover also announced the promotion of C. Anderson Fincher as President & CEO of the Engineered Systems, and William Johnson as CEO of the Refrigeration & Food Equipment segments. The promotions are effective immediately. The full analyst notes on Dover Corp. are available to download free of charge at:
http://www.AnalystsReview.com/03132014/DOV/report.pdf
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Ametek Inc. Analyst Notes
On February 24, 2014, Ametek Inc. (Ametek) reported that Gerhardt (Gerry) Wissler Ph.D. has joined the Company's Chemical Products as Senior Technical Manager. In this role, Gerry will lead production process improvement at its Westchester Plastics business unit. Commenting on the appointment, Jim Visnic, Vice President and General Manager of AMETEK Chemical Products, said, "Gerry Wissler is an excellent addition to the AMETEK Chemical Products team. He brings to his new position extensive experience in polymer chemistry and has excellent experience as a plant manager, technical director and production chemist for several leading plastics and petrochemical producers." The full analyst notes on Ametek Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03132014/AME/report.pdf
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The Babcock & Wilcox Company Analyst Notes
On February 27, 2014, The Babcock & Wilcox Company (B&W) reported that its subsidiary Nuclear Fuel Services, Inc. (NFS) was awarded with two new contracts for fuel and materials services, amounting to an estimated $302 million, from the U.S. Department of Energy, Naval Reactors Laboratory Field Office. B&W informed that the first contract is a one-year contract with a one-year option, which includes the manufacture and delivery of fuel and support activities for the U.S. Naval Nuclear Propulsion Program. The second award is also a one-year contract with a one-year option, which provides for the development of material for future Naval Reactors programs. The Company stated that contract work, which began in January 2014, will be done at NFS facilities in Erwin, Tennessee, and is slated to continue until February 2016. Joe Henry, President of Nuclear Fuel Services, commented, "B&W is pleased to receive these contracts to supply nuclear fuel and materials for the U.S. Naval Reactors program. We're proud to support these critical defense projects, and are focused on the safe, reliable and cost-effective delivery of these products and services to our Government customer." The full analyst notes on The Babcock & Wilcox Company are available to download free of charge at:
http://www.AnalystsReview.com/03132014/BWC/report.pdf
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SPX Corporation Analyst Notes
On March 7, 2014, SPX Corporation (SPX) reported that its Board of Directors has selected Patrick D. Campbell as an additional member of the Company's Board of Directors. During SPX's 2014 Annual Meeting, Campbell will stand for re-election for a term that will expire in 2017. Christopher J. Kearney, Chairman, President and CEO of SPX commented, "Pat brings strong financial and technical expertise to SPX's Board of Directors. I believe that Pat's broad international work across a variety of disciplines will prove to be a very valuable asset as we continue to grow and expand the SPX business by capitalizing on global trends driving increased demand for food and beverage, power and energy and other industrial products and services." The full analyst notes on SPX Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03132014/SPX/report.pdf
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The ExOne Company Analyst Notes
On March 6, 2014, The ExOne Company (ExOne) announced that it has acquired two operations as part of its efforts to improve its post-print processing capabilities. The Company has acquired MWT (Gesellschaft für Industrielle Mikrowellentechnik mbH) - a pioneer in industrial grade microwaves with leading design and manufacturing experience; and the assets of Machin-A-Mation - a specialty precision machining operation. David Burns, President and Chief Operating Officer of ExOne said, "We believe that vertically integrating the processes surrounding additive manufacturing will help to accelerate the adoption cycle for 3D printing in the industrial market place. These acquisitions represent critical post-print processes that are components of the 3D printing value chain." With the acquisition of MWT, the Company claims to have improved its position as the market leader of 3D sand production systems for industry. The full analyst notes on The ExOne Company are available to download free of charge at:
http://www.AnalystsReview.com/03132014/XONE/report.pdf
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