United Technologies Corp. (New York, NY) has posted a 16% increase in its second-quarter profits due to its aerospace operations. The company also reported second-quarter earnings of $588 million, or $1.16 per share, compared with $509 million, or $1.00 per share, a year earlier.
Lennox International Inc. (Dallas, TX) declared a quarterly cash dividend of 9.5 cents per share of common stock, payable on September 10, 2001, to stockholders of record as of August 31, 2001.
Lennox Hearth Products (Orange, CA) has moved from Fullerton, CA, to a larger 66,000-sq-ft facility in Orange, CA. The new building houses engineering and executive offices for the Lennox Hearth Products. The new address is 1100 W. Taft Ave., Orange, CA 92865. The new telephone numbers are 714-921-6100 or 800-854-0257; 714-921-6112 (fax).
Johnson Controls, Inc. (Milwaukee, WI) has reported sales and earnings for its third quarter of fiscal 2001. Sales for the three months ended June 30, 2001, increased 8% to $4.7 billion, up from $4.4 billion for the same quarter of fiscal 2000. Net income was $136 million, up 2% over the $133 million for the third quarter of fiscal 2000.
Draeger Canada Ltd., (Pittsburgh, PA) opened a new divisional sales and service office in Montreal, PQ. The address of the new office is: Draeger Canada Lte’e 145 Barr St., Unit 14, St. Laurent, PQ, Canada H4T 1W6; 514-733-3694; 514-733-7789 (fax).
Draeger Safety, Inc. (Pittsburgh, PA) is opening a new divisional office in Queretaro, Mexico. This location will handle sales, distribution, marketing, and services throughout Mexico and Central America. The address for this location is: Draeger Mexico City; Privada de Aguatepani 9-A; Col. San Bartolo Ameyalco; Mexico City, D.F., 01800; Mexico; 011 525 585 4953; 011 525 425 6226 (fax).
The Manitowoc Company (Manitowoc, WI) has reported financial results for the second quarter that ended June 20, 2001. Net sales increased 22.4% to $298.2 million for the second quarter of 2001, up from $243.6 million for the same period in 2000. Earnings for the quarter were $17.9 million, or $0.73 per diluted share, excluding a one-time charge, compared with $22.6 million, or $0.91 per diluted share in the second quarter of 2000.
A.O. Smith (Milwaukee, WI) is celebrating the 25th anniversary of its plant in Bray, Ireland. The plant has gone from assembling imported motor “kits” for one customer to being a major contributor to the company’s hermetic motor operations and the company’s “window on the world.” The plant marked its milestone on June 27.
Ingersoll-Rand Company (Woodcliff Lake, NJ) has reported net earnings from continuing operations of $91 million, or $0.55 per diluted share, for the second quarter ended June 30, 2001, excluding charges related to restructuring and productivity investments. The 2000 second-quarter net earnings from continuing operations were $177.7 million, or $1.09 per diluted share. Reported net earning for the second quarter of 2001 were $62.9 million, or $0.38 per diluted share.
Modine Manufacturing Company
(Racine, WI) has announced net earnings of $10.2 million, or $0.31 per diluted share, for its fiscal first quarter, which ended June 26, 2001. Net earnings for the period were down 46.8% compared with the prior year.
ABB (New Berlin, WI) donated eight of its motor drives to the electronics lab at Waukesha County Technical College in Pewaukee, WI. The drives will be used as part of teaching the general electronics curriculum that comprises the college’s two-year program.
Publication date: 07/30/2001
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James Siegel is with Distribution Center Magazine.