Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Hurco Reports Fourth Quarter and Full Year Results for Fiscal 2020
Hurco Companies, Inc.January 8, 2021 GMT
INDIANAPOLIS, Jan. 08, 2021 (GLOBE NEWSWIRE) Hurco Companies, Inc. (Nasdaq: HURC) today reported results for the fourth fiscal quarter and fiscal year ended October 31, 2020. Hurco recorded a net loss of $3,589,000, or $(0.54) per diluted share, for the fourth quarter of fiscal 2020, compared to net income of $2,098,000, or $0.31 per diluted share, for the corresponding period in fiscal 2019. For fiscal 2020, Hurco reported a net loss of $6,247,000, or $(0.93) per diluted share, compared to net income of $17,495,000, or $2.55 per diluted share, for fiscal 2019. The net loss for the fourth quarter and fiscal 2020 included a one-time, non-cash goodwill impairment charge of $4,903,000. Excluding the impact of this one-time charge, earnings per diluted share would have been $0.70 and
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Worthington Industries Acquires German Valve and Component Company
Worthington Industries, Inc.January 7, 2021 GMT
COLUMBUS, Ohio, Jan. 07, 2021 (GLOBE NEWSWIRE) Worthington Industries Inc. (NYSE: WOR) today announced the acquisition of PTEC Pressure Technology GmbH, a leading independent designer and manufacturer of valves and components for high-pressure hydrogen and compressed natural gas (CNG) storage, transport and onboard fueling systems, based in Germany.
“Our purchase of PTEC adds to our investments in the growing sustainable mobility markets and expands our systems capabilities to provide more comprehensive solutions to our customers,” said Worthington Industries Pressure Cylinders President Eric Smolenski. “Bringing PTEC’s innovative products and proven track record with vehicle manufacturers into the Worthington family of products will streamline the supply chain
Press release content from Business Wire. The AP news staff was not involved in its creation.
ADDING MULTIMEDIA Tanenbaum Equity Partners, Gardner Tanenbaum Subsidiary, Acquires CoreCivic National GSA Portfolio
January 8, 2021 GMT
TANENBAUM EQUITY PARTNERS, GARDNER TANENBAUM SUBSIDIARY, ACQUIRES CORECIVIC NATIONAL GSA PORTFOLIO (Photo: Business Wire)
OKLAHOMA CITY & DALLAS (BUSINESS WIRE) Jan 7, 2021
Tanenbaum Equity Partners (TEP), a subsidiary of Oklahoma City-based Gardner Tanenbaum, has acquired the CoreCivic National GSA Portfolio. The portfolio consists of 42-federally leased properties located in 11-states and totals more than 573,000 square feet. The total acquisition price has been confirmed as $106,500,000 before closing costs and construction capital reserves.