Watts Water Technologies, Inc. reported its fourth quarter 2018 results, beating adjusted earnings and net sales expectations. The water management product maker’s adjusted net income of 88 cents per share for the quarter was higher than Zacks Consensus Estimate of 87 cents a share.Total adjusted net income came in at $30.1 million, and exceeded year-ago quarter’s $25.4 million. The company’s quarterly net sales increased +5.8% year over year to touch $387.6 million, which also edged past analysts’ estimate of $383 million. Watts Water’s organic sales in the quarter surged +7% from the year-ago quarter, largely driven by growth in the Americas and Europe.

Middleby Corporation, a global leader in the foodservice equipment industry, declared on Monday the acquisition of EVO America Inc. – another global leader in the same industry specializing in design and ventless cooking equipment, which generates approximately $8 million in revenues annually. The chairman and the CEO of Middleby Corporation explained that this latest acquisition will help add to the diversity of the company’s portfolio of ventless cooking solutions.This acquisition is timely because operators are increasingly becoming aware of the significant costs attached to installation of traditional ventilation. Customers are also recognizing the restrictions imposed by externally vented hoods and duct work as they acquire new and more kitchen equipment with time. The vision behind this acquisition is that EVO’s patented ventless technology can be integrated with quality designs that will empower Middleby’s customers with cooking versatility and flexibility, along with he

On a hot day in mid-August, the men wore mid-thigh shorts, pectoral-enhancing vests, neon Nikes; the women were in black leggings and intricate ensembles of sports bras and cross-strapped Lycra.They had all either just worked out, were about to work out, or wanted to look as if working out was a constant possibility. READ MORE...