Shared services center

Upgrade to Safety: Introducing Calypso™ - The Solution to Making Articulated Shiplift Platforms Safe

Retrieved on: 
Wednesday, November 29, 2023
Transfer, Longevity, Ship, Safety, Engineering, Life, Lifting, Lloyd's Register, Risk, Mesic habitat, IMG, OEM, Motor control center, Computerized maintenance management system, Shared services center, Risk assessment, Water, Torque, Growth, Daily, Code, Rail transport, Shipbuilding, Maintenance (technical), Heavy equipment, Calypso, MIAMI, Syncrolift

MIAMI, Nov. 29, 2023 /PRNewswire-PRWeb/ -- There has been a significant growth of operational incidents on articulated shiplift platforms in recent years. Wire rope breaks have been the main factor.

Key Points: 
  • Syncrolift offers a free Calypso safety consultation for shiplift operators, assessing the safety of older articulated platforms and recommending changes to enhance safety and functionality.
  • The upgrade service is available for shiplifts with more than four hoists, ensuring a comprehensive solution tailored to each system.
  • MIAMI, Nov. 29, 2023 /PRNewswire-PRWeb/ -- There has been a significant growth of operational incidents on articulated shiplift platforms in recent years.
  • Some prudent articulated shiplift owners have already secured platform beams with safety wires, and/or changed their articulated platforms to a rigid configuration.

DXP Enterprises, Inc. Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 8, 2023
Other Transport, Food, Beverage, Manufacturing, Retail, Transport, Logistics, Supply Chain Management, Commercial Building & Real Estate, Mining, Minerals, Other Energy, Construction & Property, Forest Products, Utilities, Oil, Gas, Coal, Agriculture, Natural Resources, Energy, Nuclear, Chemicals, Plastics, Yee, Adjustment, DXPE, Shared services center, EBITDA, Free cash flow, Acquisition, Senior, Growth, Cash flow, Central Time, The Company, Cryptocurrency, Bookkeeping, Security (finance)

DXP Enterprises, Inc. (the "Company" or "DXPE") (NASDAQ: DXPE) today announced financial results for the third quarter ended September 30, 2023.

Key Points: 
  • DXP Enterprises, Inc. (the "Company" or "DXPE") (NASDAQ: DXPE) today announced financial results for the third quarter ended September 30, 2023.
  • The following are results for the three months ended September 30, 2023, compared to the three months ended September 30, 2022, and for the three months ended June 30, 2023, where appropriate.
  • Third Quarter 2023 financial highlights:
    Sales increased 8.2 percent to $419.2 million, compared to $387.3 million for the third quarter of 2022, and decreased 2.1 percent compared to the second quarter of 2023.
  • Adjusted EBITDA for the third quarter of 2023 was $44.0 million compared to $34.3 million for the third quarter of 2022.

Applied Industrial Technologies Reports Fiscal 2024 First Quarter Results

Retrieved on: 
Thursday, October 26, 2023
Hardware, Manufacturing, Machinery, Technology, Engineering, NYSE, International, Applied Industrial Technologies, EBITDA, AIT, Environment, Growth, Shared services center, EPS, Micro Engineering Solutions, Service

Applied Industrial Technologies (NYSE: AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, today reported results for its fiscal 2024 first quarter ended September 30, 2023.

Key Points: 
  • Applied Industrial Technologies (NYSE: AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, today reported results for its fiscal 2024 first quarter ended September 30, 2023.
  • Considering the expected moderating sales growth environment, these results reflect another solid quarter of operational execution from our Applied team, including favorable margin performance beyond LIFO expense normalization.
  • We also announced two bolt-on Service Center acquisitions during the quarter that strengthen our growth potential along the Eastern U.S.
  • Overall, we had a productive first quarter that positions us to deliver solid earnings and free cash growth in fiscal 2024.”
    Mr. Schrimsher added, “We are raising fiscal 2024 guidance to primarily reflect first quarter earnings performance, our recent Service Center acquisitions, and lower LIFO expense assumptions.

Tau Systems Enhances Management Team with Business Development and Laser Technology Appointments

Retrieved on: 
Wednesday, October 11, 2023
Shared services center, TAU, Laser Science and Technology Centre, EV, Columbia University Physics Department, Service, Laser, Semiconductor, Marketing, TAU (spacecraft), Business development, Research, Physics, Management, Neacșu

AUSTIN, Texas, Oct. 11, 2023 /PRNewswire/ -- TAU Systems, the producer of ultrafast, compact laser-plasma accelerators, today announced further additions to its senior management team as the company continues on its path to commercial availability of the system.

Key Points: 
  • TAU has appointed laser specialist Dr. Corneliu Catalin Neacsu as its Vice President of Business Development and Dr. Nikolaus Klaus Metzger as Director, Laser Science and Technology.
  • Dr. Neacsu takes up the newly created role of Vice President for Business Development.
  • Metzger will work closely with existing laser manufacturers in the specification, design and development of easy-to-use laser systems.
  • Bjorn Manuel Hegelich, CEO of TAU Systems and a professor in UT's Physics Department, said of the appointments, "We're delighted to expand the management team and welcome such talented individuals to TAU.

Textron Aviation proudly celebrates 30 years of excellence at the Greensboro Service Center

Retrieved on: 
Thursday, September 28, 2023
Other Defense, Contracts, Other Energy, Professional Services, Energy, Defense, Insurance, Chemicals, Plastics, Automotive Manufacturing, Finance, Aerospace, Manufacturing, Beechcraft, Maintenance, Paint, Aviation, Citation, AOG, Multimedia, Textron Aviation, Textron, Aircraft, Cessna, NYSE, Shared services center, Piedmont Triad International Airport, Airline, Hawker

Textron Aviation is celebrating the 30th anniversary of its factory-owned service center in Greensboro, North Carolina.

Key Points: 
  • Textron Aviation is celebrating the 30th anniversary of its factory-owned service center in Greensboro, North Carolina.
  • “During the past three decades, we have developed strong relationships with customers in Greensboro and throughout the southeastern region, and they count on our skilled team to provide factory-direct service and support to their aircraft,” said Jeff Dowden, general manager, Textron Aviation Greensboro Service Center.
  • “The team in Greensboro takes great interest in my aircraft and in their workmanship — every time my airplane leaves the service center, it looks like new.”
    The Greensboro facility opened in 1993 as a company-owned Cessna Citation Service Center.
  • “Our team is dedicated to providing superior customer service and support to customers 24/7,” said Tracy Leopold, vice president, North American Service Centers.

Sharing Services Global Corporation Announces Plan to Acquire the Brand of MojiLife Products

Retrieved on: 
Thursday, September 7, 2023
OTCQB, Shared services center, Creativity, Acquisition, IBN, Pet, Health, Service

PLANO, Texas, Sept. 06, 2023 (GLOBE NEWSWIRE) -- via IBN -- Sharing Services Global Corporation (OTCQB: SHRG) (“Sharing Services” or the “Company”) announces today its plan to acquire the brand of MojiLife products from MojiLife LLC.

Key Points: 
  • PLANO, Texas, Sept. 06, 2023 (GLOBE NEWSWIRE) -- via IBN -- Sharing Services Global Corporation (OTCQB: SHRG) (“Sharing Services” or the “Company”) announces today its plan to acquire the brand of MojiLife products from MojiLife LLC.
  • “We are excited about this opportunity to acquire this brand of MojiLife products and work with such a talented and experienced team at MojiLife LLC.
  • “Sharing Services has been a great business partner to MojiLife LLC and we believe this acquisition will strongly enhance market’s awareness and distribution of MojiLife products.
  • Sharing Services' primary growth strategy is built on focused innovation and creativity, positioned to capture a profitable market share of diverse business models.

Applied Industrial Technologies Acquires Bearing Distributors and Cangro Industries

Retrieved on: 
Tuesday, September 5, 2023
Other Manufacturing, Technology, Packaging, Engineering, Chemicals, Plastics, Other Technology, Automotive Manufacturing, Manufacturing, Machinery, Machine Tools, Metalworking & Metallurgy, Food, AIT, Fluid power, Applied Industrial Technologies, Distributor, Service, Automation, Flow control, Organization, Acquisition, Paper, NYSE, Shared services center, Retail

Applied Industrial Technologies (NYSE: AIT) today announced the acquisition of both Bearing Distributors, Inc. (Bearing Distributors) and Cangro Industries, Inc. (Cangro), providers of bearings, power transmission, industrial motion, and related service and repair capabilities.

Key Points: 
  • Applied Industrial Technologies (NYSE: AIT) today announced the acquisition of both Bearing Distributors, Inc. (Bearing Distributors) and Cangro Industries, Inc. (Cangro), providers of bearings, power transmission, industrial motion, and related service and repair capabilities.
  • Bearing Distributors is based in Columbia, South Carolina, while Cangro is based in Long Island, New York.
  • Neil A. Schrimsher, President & Chief Executive Officer for Applied, commented, “We welcome Bearing Distributors and Cangro to Applied’s U.S. Service Center network as we continue to bolster our local presence and provide our customers with leading technical support.
  • The Companies serve customers primarily across core U.S. Service Center industries including food and beverage, pulp and paper, chemical, pharmaceutical, automotive, and other industrial markets.

Report: NAI Global Remote and Hybrid Work Trends Survey Results

Retrieved on: 
Monday, June 26, 2023
WFH, COVID-19, Communication, Unemployment, SIOR, WSJ, The Wall Street Journal, Internet, Culture, Foot, History, Accounting, Government, Microsoft, Radius, Real estate transaction, Compromise, Work, Shared services center, CBD, City, Business process, Bias, Management, Film industry, Video game

NEW YORK, June 26, 2023 - (ACN Newswire) - NAI Global has released survey results on the impact of remote and hybrid work trends from its international offices in Europe, Africa and Asia-Pacific.

Key Points: 
  • NEW YORK, June 26, 2023 - (ACN Newswire) - NAI Global has released survey results on the impact of remote and hybrid work trends from its international offices in Europe, Africa and Asia-Pacific.
  • Coincidentally, as the survey results were being compiled into narrative form, Bloomberg Intelligence released its own report on remote work's impact on European office markets.
  • They are not unlike what we found in our survey of NAI Global professionals outside of the U.S.
  • Plus, the NAI Global responders all work in the real estate industry, after all, so they are intrinsically motivated to see office demand increase.

Applied Industrial Technologies Reports Fiscal 2023 Fourth Quarter and Full-Year Results

Retrieved on: 
Thursday, August 10, 2023
Other Manufacturing, Electronic Design Automation, Machinery, Engineering, Chemicals, Plastics, Technology, Manufacturing, Other Technology, International, AIT, Applied Industrial Technologies, Automation, Micro Engineering Solutions, EBITDA, Acquisition, Investment, Growth, EPS, Environment, NYSE, Shared services center, Risk management, Retail

Applied Industrial Technologies (NYSE: AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, today reported results for its fiscal 2023 fourth quarter and full year ended June 30, 2023.

Key Points: 
  • Applied Industrial Technologies (NYSE: AIT), a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies, today reported results for its fiscal 2023 fourth quarter and full year ended June 30, 2023.
  • For the twelve months ended June 30, 2023, sales of $4.4 billion increased 15.8% compared with the prior year, or 15.7% on an organic basis.
  • Neil A. Schrimsher, Applied’s President & Chief Executive Officer, commented, “We had a strong finish to fiscal 2023 with fourth quarter sales, EBITDA, and EPS exceeding our expectations.
  • Mr. Schrimsher concluded, “Following our strong performance in fiscal 2023, we will achieve our prior EBITDA margin goal of 12% sooner than expected.

DXP Enterprises, Inc. Reports Second Quarter 2023 Results

Retrieved on: 
Tuesday, August 8, 2023
Other Transport, Food, Beverage, Manufacturing, Retail, Transport, Logistics, Supply Chain Management, Commercial Building & Real Estate, Mining, Minerals, Other Energy, Construction & Property, Forest Products, Utilities, Oil, Gas, Coal, Alternative Energy, Natural Resources, Energy, Nuclear, Chemicals, Plastics, Yee, DXPE, DXP, GAAP, EBITDA, Investment, CFO, Growth, Shared services center, Video game, Bookkeeping

DXP Enterprises, Inc. (NASDAQ: DXPE) today announced financial results for the second quarter ended June 30, 2023.

Key Points: 
  • DXP Enterprises, Inc. (NASDAQ: DXPE) today announced financial results for the second quarter ended June 30, 2023.
  • Second Quarter 2023 financial highlights:
    Sales increased 16.4 percent to $428.0 million, compared to $367.8 million for the second quarter of 2022 and 0.9 percent compared to the first quarter of 2023.
  • Adjusted EBITDA for the second quarter of 2023 was $45.3 million compared to $32.6 million for the second quarter of 2022.
  • DXP’s second quarter 2023 sales were $428.0 million, or a 16.4 percent increase over the second quarter of 2022.