Lennox International Inc. (Dallas, TX) entered the Fortune 1000 for the first time at #591. The 105-year-old company made its initial public offering on July 28, 1999. It reported 1999 revenues of $2.36 billion.
Hussmann International Inc. (St. Louis, MO) announced first-quarter earnings of $6.7 million, or $0.13 per diluted share.
Net earnings of Emerson Electric Co. (St. Louis, MO) for the second quarter of fiscal 2000 were $352,791,000, and earnings per share for the three months ended March 31, 2000, were $0.82 per share.
In partnership with Emerson Financial Services, Rosemount Analytical (Orrville, OH) offers an array of leasing programs for its products, services, solutions, and complete projects totaling $10,000 or more. Payments for products and services can be bundled into one monthly payment.
Honeywell & Amana Appliances
Roger J. Feulner, retired vice president of Honeywell Inc. (Minneapolis, MN), and Alan F. Kessler, vice president of Amana Appliances (Amana, IA), were honored April 28 by Purdue University’s Schools of Engineering during the 2000 Distin-guished Engineering Alumni Convocation.
Armstrong World Industries
Armstrong World Industries
(Lancaster, PA) will sell its Armstrong Insulation Products (AIP) company to the Dutch investment firm Gilde Investment Management N.V. for $280 million. Gilde intends to invest further in the continued growth of AIP and its products.
The board of directors of United Technologies Corp. (Hartford, CT) declared a quarterly dividend of $0.20 a common share, payable June 10, 2000, to owners of record at the close of business on May 19, 2000.
The ISO 9001 certification of approval has been issued to Inpro/Seal Co. (Rock Island, IL) for its Rock Island facilities.
Simplex (Westminster, MA) has moved from Gardner to its new headquarters and operations center in Westminster, MA.
JH Technology (Sarasota, FL), manufacturer of signal conditioners and leak-detection equipment, has formed a division to design and manufacture custom control panels.
Wolverine Tube, Inc. (Huntsville, AL)
reported net income for the first quarter of 2000 at $6.8 million, or $0.54 per diluted share.
Watts Industries, Inc. (North
Andover, MA) declared a quarterly dividend of $0.06 per share on the Company’s Class A Common Stock and Class B Common Stock, payable June 19 to stockholders of record on May 26.
Cerro Copper is initiating a major,multimillion-dollar capital expansion program, the first step of which is the establishment of a primary, fully integrated copper tube mill and master distribution center in the western United States.
In this issue of The NEWS, we present the Residential Heating Showcase, featuring the latest heating equipment to hit residential HVAC. We also discuss developments in the tools and test instruments market.