RICHMOND, Va., Feb. 12, 2021 (SEND2PRESS NEWSWIRE) — Commissioner C. Ray Davenport announced today that Printpack in Williamsburg, Virginia, has been approved as a Virginia STAR Worksite under the Virginia’s
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
EnerSys Reports Third Quarter Fiscal 2021 Results
EnerSysFebruary 10, 2021 GMT
READING, Pa., Feb. 10, 2021 (GLOBE NEWSWIRE) EnerSys (NYSE: ENS), the global leader in stored energy solutions for industrial applications, announced today results for its third quarter of fiscal 2021, which ended on January 3, 2021.
Third Quarter FY 21 Highlights
Net sales of $751M up 6% sequentially
Gross Profit Margins steady at 25%
Operating Expenses remain flexed
Operating earnings up YOY
TPPL High Speed line in production
Key Results from Operations by Segments ($ in millions)
Message from the CEO
I remain humbled by our employees’ ability to deliver in these challenging times. We have continued to make excellent progress on our strategic initiatives and demand remained strong in our third quarter. Our as-adjusted $1.27 third quarter EPS benefited approximately $0.10 from our claim
Press release content from Business Wire. The AP news staff was not involved in its creation.
Arch Insurance Announces Streamlined Experience for Pricing and Purchase of Business Travel Accident Insurance
February 11, 2021 GMT
NEW YORK (BUSINESS WIRE) Feb 11, 2021
Arch Insurance Company today announced a new online platform that allows brokers to rapidly price and purchase Business Travel Accident (BTA) policies for U.S.-based companies with up to 250 business travelers. The platform, called Arch BTAExpress TM, leverages a state-of-the-art underwriting and technology experience, allowing simple plan design selection, pricing and binding of BTA policies, with most quotes delivered almost immediately. The result is a substantial reduction in the time and effort it takes brokers to obtain coverage for their clients’ business travelers.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Rogers Corporation Reports Fire in S. Korea Plant
February 10, 2021 GMT
CHANDLER, Ariz. (BUSINESS WIRE) Feb 10, 2021
Rogers Corporation (NYSE:ROG) reports that there was a fire at its UTIS manufacturing facility in Ansan, S. Korea on Tuesday, February 9, 2021, at approximately 9 p.m. local time. The site was safely evacuated and there were no reported injuries; however, there is extensive damage to the manufacturing site. The source of the fire is currently under investigation.
This facility manufactures eSorba® polyurethane foams used in portable electronics and display applications. These operations will be disrupted, but it is too early to determine the expected duration of the disruption.