ACHRNEWS

Manufacturers for the Week: July 24, 2001

July 24, 2001
  • American Standard Companies Inc. (Piscataway, NJ) has announced its second quarter earnings of $1.63 per diluted share, up 10% from $1.48 a year ago. Net income increased 11%.
  • A.O. Smith Corporation (Milwaukee, WI) has announced second quarter net earnings of $10.7 million or $0.45 per share. Earnings were in range of company and analyst estimates, but lower than the recorded earnings of $0.74 per share in the second quarter of 2000.
  • Thermo Manufacturing Inc., (Canton, OH) has purchased the Hexdall Hanger Company (Aurora, IL), manufacturer of patented ductwork hangers, including straight and twisted square duct hangers and Adjust-A-Bar hangers.
  • Plans by Maytag Corp.Amana appliance businesses from Goodman Global Holding Co. Inc., have been approved by antitrust enforcers at the U.S. Justice Department. The cost of the two businesses totals $325 million.
  • DryKor, Inc. (Atlanta, GA) has introduced an extended warranty program. The offering will provide a full, five-year parts and labor warranty coverage for $500 per year after the first year’s warranty coverage. The warranty can be extended on a yearly basis for a total of an additional four years. For more information, go to www.drykor.com (website).
  • Modine Manufacturing Company (Racine, WI) has reported its 30 days of combined financial results following its April 27 acquisition of Thermacore International Inc. Consolidated sales for the 30-day period were $91.2 million and net earnings were $3.5 million.
  • The Heatcraft Refrigeration Products Facility (Tifton, GA) was recently named one of 25 finalists for Industry Week magazine’s 2001 Best Plant Award. Heatcraft is a subsidiary of Lennox International Inc. (Richardson, TX).
  • John H. Leavey Manufacturing, Inc. (Fulton, NY), a manufacturer and distributor of specialty tools for hvac, has changed its name to JHL Supply. For more information, call 800-537-1339 or visit www.hvactool.com (website).
  • Mueller Industries Inc. (Memphis, TN) announced results for the second quarter and six-month period ended June 30, 2001. Earnings for the three months ended June 30, 2001, were $0.56 per diluted share compared with earnings per diluted share of $0.78 for the same period a year ago. Net income for the second quarter was $20.8 million, compared with $29.8 million for the second quarter of fiscal 2000. Net sales for the three months ended June 30, 2001, were $286 million compared with net sales of $337.5 million for the comparable 2000 period.
  • Publication date: 07/23/2001