Esterline Finalizes Leach Acquisition 8/30/2004 By Administrator Account on
BELLEVUE , Wash. , August 30, 2004 --Esterline Corporation ( NYSE /ESL www.esterline.com) today announced that it has completed the acquisition of Leach Holding Corporation for approximately $145 million in cash. The transaction, announced July 9, adds nearly $120 million to Esterline’s current annualized revenue base of $600 million.
Esterline Technologies Launches Common Stock Offering 8/30/2004 By Administrator Account on
BELLEVUE , Wash. , August 30, 2004 --Esterline Corporation ( NYSE /ESL www.esterline.com) a leading specialty manufacturer serving aerospace/defense markets, today announced that it plans to offer 3.2 million shares of its common stock in a public offering.
Esterline Files Shelf Registration 8/3/2004 By Administrator Account on
BELLEVUE , WASHINGTON , August 3, 2004 . Esterline Technologies Corporation (NYSE:ESL) announced today that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission ("SEC"). The registration statement, when declared effective by the SEC, will allow Esterline to issue an aggregate of $300 million in common stock, debt, convertible debt, stock purchase contracts and stock purchase units, any of which may be offered by Esterline from time to time at prices and on terms to be determined at the time of any such offering. The net proceeds of any sale of securities by Esterline may be used to fund acquisitions, to repay or refinance debt and for general corporate purposes.
Esterline to Acquire Leach Holding Corporation 7/9/2004 By Administrator Account on
BELLEVUE , Wash. , July 9, 2004 —Esterline Corporation today announced an agreement to acquire Leach Holding Corporation for approximately $145 million in cash. The acquisition, the largest in Esterline’s corporate history, will add nearly 20%, or $120 million, to the company’s current annualized revenue base of approximately $600 million.
Esterline Reports 2Q EPS of $.43 from Continuing Ops; Earnings $9.2 Million on $150.2 Million Sales 6/1/2004 By Administrator Account on
BELLEVUE, Wash., June 1, 2004 — Esterline Corporation ( NYSE /ESL www.esterline.com), a leading specialty manufacturer serving aerospace/defense markets, today reported fiscal 2004 second quarter (ended April 30) income from continuing operations of $9.2 million, or $.43 per diluted share, on $150.2 million sales. Comparable earnings a year ago were $6.0 million, or $.29 per diluted share, on sales of $135.3 million.
Esterline Reports First Quarter EPS of $.09; Full-Year Outlook Unchanged 2/26/2004 By Administrator Account on
BELLEVUE, Wash., February 26, 2004— Esterline Technologies (NYSE/ESL www.esterline.com), a leading specialty manufacturer serving aerospace/defense markets, today reported fiscal 2004 first quarter (ended January 30) net earnings of $1.9 million, or $.09 per diluted share, on $132.6 million sales. The results include a $1.9 million tax benefit, or $.09 per share, from a reduction of previously estimated tax liabilities for U.S. research and development tax credits, and a $2.9 million after-tax, or $.14 per share, severance expense related to the merger of a recently acquired UK-based operation with an existing France-based operation. The prior year’s comparable earnings were $5.8 million, or $.28 per diluted share, on sales of $126.3 million.
Esterline Acquires Software Engineering Firm Specializing In Aerospace Applications 12/9/2003 By Administrator Account on
BELLEVUE, Wash., December 9, 2003--Esterline Technologies (NYSE/ESL www.esterline.com), a leading specialty manufacturer serving aerospace/ defense markets, today announced that it has agreed to acquire the outstanding stock of Avista Inc., a $10 million Wisconsin-based developer of embedded software for mission critical applications.
Esterline Reports 4Q EPS of $.44; Earnings of $9.4 Million on $160.3 Million Sales 12/4/2003 By Administrator Account on
BELLEVUE, Wash., Dec. 4, 2003 — Esterline Technologies (NYSE/ESL www.esterline.com), a leading specialty manufacturer serving aerospace/defense markets, today reported strong fourth quarter performance, exceeding forecasted results for the quarter and fiscal year ended October 31. Fourth quarter income from continuing operations was $9.4 million, or $.44 per diluted share, on sales of $160.3 million. In the same period last year, income from continuing operations was $10.5 million, or $.50 per diluted share including $.14 per share from the favorable resolution of income tax audits, on sales of $124.9 million. Net income for the fourth quarter was $9.4 million, or $.44 per diluted share, compared with $7.6 million, or $.36 per share.
Esterline Reports 3Q Earnings of $8.4 Million on $140.5 Million Sales 9/4/2003 By Administrator Account on
BELLEVUE, Wash., Sept. 4, 2003 — Esterline Technologies (NYSE/ESL www.esterline.com), a leading specialty manufacturer serving aerospace/defense markets, today reported third quarter (ended August 1) performance in line with earlier forecasts. Income from continuing operations was $8.4 million, or $.40 per diluted share, including a foreign currency gain of approximately $2.0 million net of tax, or $.09 per share, on sales of $140.5 million. Midway through the quarter, Esterline acquired Weston Aerospace from The Roxboro Group PLC for £55.0 million (approximately $95.3 million at the closing exchange rate, including acquisition costs). The foreign currency gain resulted when Esterline hedged the purchase price using foreign currency forward contracts. Year-ago income from continuing operations was $6.9 million, or $.33 per diluted share, on $112.4 million sales.
Esterline To Open Sales/Engineering Facility in Toulouse, France 7/1/2003 By Administrator Account on
BELLEVUE, Wash., July 1, 2003--Esterline Technologies (NYSE/ESL www.esterline.com) today announced plans to open a sales and engineering facility in Toulouse, France, to better serve its growing presence in Europe. More than 25% of Esterline’s nearly $600 million annualized sales are now generated from its manufacturing operations in France and the UK.
Esterline Finalizes Acquisition of Weston Aerospace; Expands Esterline's Position in High-End Aerospace Sensors 6/11/2003 By Administrator Account on
BELLEVUE, Wash., June 11, 2003 – Esterline Technologies today announced that it has finalized the acquisition of UK-based Weston Group from The Roxboro Group Plc. The transaction, originally announced May 22, significantly enhances Esterline’s position in high-end aerospace sensors, making it a market leader to the world’s jet engine manufacturers, and boosting its Sensors & Systems segment sales by nearly 50%.
Esterline Announces Pricing of $175 Million Private Placement of Senior Subordinated Notes 6/5/2003 By Administrator Account on
BELLEVUE, Wash., June 5, 2003 – Esterline Technologies (NYSE/ESL www.esterline.com) today announced that it has priced a private placement of $175 million aggregate principal amount of its 7.75% Senior Subordinated Notes due 2013. Esterline will use the net proceeds from this private placement to fund the recently announced acquisition of Weston Aerospace and for general corporate purposes, including the repayment of debt. The private placement is scheduled to close on Wednesday, June 11, 2003 and is subject to various closing conditions, including the consummation of the acquisition of Weston Aerospace.
Esterline Reports 2Q Results; Income From Continuing Operations $6.0 Million, on $135.3 Million Sales 5/22/2003 By Administrator Account on
BELLEVUE, Wash., May 22, 2003--Esterline Technologies (NYSE/ESL www.esterline.com)a leading specialty manufacturer serving aerospace/defense markets, today reported second quarter (ended May 2) income from continuing operations of $6.0 million, or $.29 per share on a diluted basis, on sales of $135.3 million. This performance compared with the prior year period’s income from continuing operations of $7.2 million, or $.34 per share, on sales of $100.7 million. Backlog at the end of the period was $314.3 million compared with $232.8 million a year ago.
Esterline To Acquire Weston Aerospace 5/22/2003 By Administrator Account on
BELLEVUE, Wash., May 22, 2003--Esterline Technologies (NYSE/ESL www.esterline.com) today announced an agreement to acquire the outstanding stock of UK-based Weston Group from The Roxboro Group Plc. The transaction significantly enhances Esterline’s position in high-end aerospace sensors, making it the market leader to the world’s jet engine manufacturers, and boosting its Sensors & Systems segment sales by nearly 50%.
Esterline Launches Private Placement of Senior Subordinated Notes 5/22/2003 By Administrator Account on
BELLEVUE, Wash., May 22, 2003--Esterline Technologies (NYSE/ESL www.esterline.com) today announced that it is launching a private placement of $150 million aggregate principal amount of its senior subordinated notes. Esterline anticipates using a portion of the net proceeds from the private placement to fund the recently announced acquisition of Weston Aerospace, to repay outstanding debt under its existing credit facility and for general corporate purposes.
Esterline Adjusts 2Q Expectations For Recent Air Traffic Declines and Acquisition Integration 5/5/2003 By Administrator Account on
BELLEVUE, Wash., May 5, 2003--Esterline Technologies (NYSE/ESL www.esterline.com) today announced that second quarter, ended May 2, earnings per share from continuing operations would likely be about $.25.
Esterline Receives Largest Order Ever -- Five-Year Contract for Combustible Ordnance 3/31/2003 By Administrator Account on
BELLEVUE, Wash., March 31, 2003--Esterline Technologies (NYSE/ESL http://www.esterline.com) today announced that it has secured a $103 million dollar contract – the largest in company history – from the U.S. Army to manufacture and deliver state-of-the-art 155mm Modular Artillery Charge System (MACS) Combustible Cases over the next five years. In addition to the base amount, the Army could exercise options bringing the total award to $270 million. As anticipated, the first year of the contract is fully-funded at $28 million; production will begin immediately at Esterline’s Armtec Defense Products subsidiary in Coachella, Calif.
Leach International Adds New Distributor to Network 3/1/2003 By Administrator Account on
Buena Park, Calif. -- Leach International Corporation, a major electrical power switching component manufacturer for the aerospace, rail and high tech industries, has announced the addition of Master Distributors to its network of authorized distributors.
Esterline Reports First Quarter Earnings of $5.8 Million, or $.28 EPS, on $126.3 Million Sales 2/27/2003 By Administrator Account on
BELLEVUE, Wash., February 27, 2003--Esterline Technologies (NYSE/ESL http://www.esterline.com) a leading specialty manufacturer serving aerospace/defense markets,today reported fiscal 2003 first quarter (ended January 31) earnings from continuing operations of $5.8 million, or $.28 per diluted share, on sales of $126.3 million. The prior year’s first quarter earnings from continuing operations were $6.6 million, or $.32 per diluted share, on sales of $96.8 million.
Esterline Technologies Adds Another Aerospace Company To Its Growing Family 1/6/2003 By Administrator Account on
BELLEVUE, Wash., January 6, 2003--Esterline Technologies (NYSE/ESL http://www.esterline.com) a leading specialty manufacturer serving aerospace/ defense markets, today announced that it has acquired the assets of BVR Aero Precision, a maker of precision gear assemblies and electronic data concentrators based in Rockford, Ill. The operation currently generates annual revenues of about $7 million.