Fastenal Second-Quarter Earnings Top Estimates

Fastenal Second-Quarter Earnings Top Estimates

Fastenal, a distributor of industrial goods and construction supplies, has reported double-digit growth in its second-quarter net earnings, driven by higher unit sales and growth in the company’s industrial vending business. Net earnings totaled $148.9 million in the quarter, up 13.2% from $131.5 million in the second quarter of 2016, according to a statement published by the company on Wednesday. Diluted net earnings per share were up 13.4% to $0.52 […]

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Sigma Labs Teams Up With OXYS Corp.

Sigma Labs Teams Up With OXYS Corp.

Sigma Labs, a provider of software for 3D printing, also known as additive manufacturing process, Thursday sealed a development agreement with privately-held OXYS Corp. Sigma said the first project will be a new architecture platform for the company’s 3D manufacturing software. Sigma said it expects that the completed project will allow for miniaturization of the sensor and hardware associated with the 3D manufacturing product and enhancements to the level of […]

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ScanSource to Acquire POS Portal

ScanSource to Acquire POS Portal

ScanSource, a provider of technology products and solutions, agreed to acquire POS Portal, a leading distributor of payment devices and services. Together, ScanSource and POS Portal will create the industry’s largest payments channel.For the first full year after closing, POS Portal net sales are estimated to total $110 million with an estimated EBITDA margin in the low teens. Under the agreement, the all-cash transaction includes an initial purchase price of […]

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Blackstone’s Fisterra Energy Closes On Financing

Blackstone’s Fisterra Energy Closes On Financing

The Blackstone Group’s Fisterra Energy, along with Blackstone Energy Partners and Blackstone Capital Partners, have reached financial close on the Tierra Mojada power plant in Guadalajara, Mexico. The project will sell exclusively into the new wholesale electricity market created by Mexico’s energy reform. Tierra Mojada is an 875 MW combined-cycle natural gas-fired power plant. Its capacity will be sold under a long-term, 20-year power purchase agreement with ComisiĆ³n Federal de […]

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Exxon Mobil To Develop Oil Field Offshore Guyana

Exxon Mobil To Develop Oil Field Offshore Guyana

Exxon Mobil shares were barely higher pre-market Friday after the company reported it will develop the Liza field offshore of Guyana, which it described as “one of the largest oil discoveries of the past decade.” The oil major said the Liza field is expected to initially produce about 120,000 barrels a day, with production expected to start in 2020. Exxon said gross recoverable resources on Stabroek block of the Liza […]

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