Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

American Standard Reports Third-Quarter Results
Oct 19, 2007
 Printable format
 Email this Article
 Search

American Standard Companies, Inc. announced third-quarter income from continuing operations (Trane Air Conditioning Systems and Services) of US$0.63 per diluted share, up 5% from a year ago. Adjusted income from continuing operations was $0.65 per diluted share, up 8% from a year ago. Sales from continuing operations were $1.982 billion, up 7.7%.

The company generated $201.1 million in net cash provided by operating activities and $130.4 million in free cash flow. During the quarter, the company paid a quarterly cash dividend of 16 cents per share of common stock and repurchased 12.7 million shares of its common stock.

"We delivered a good third quarter, driven by strength in the commercial part of our air-conditioning business," said Fred Poses, chairman and CEO. "It more than offset weakness in the residential part of our business. We're particularly pleased with the continued growth in global commercial parts, services, and solutions that represented 30% of our business during the quarter."

"For the rest of the year, we see continued strength in commercial air-conditioning equipment systems, parts, services, and solutions with better-than-expected performance," he said.

Back to Daily News

 

Daily News

...........................................................

Dec 22, 2014: DOE's Building Technologies Office releases Roadmap for Emerging HVAC Technologies

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows