Trading Companies & Distributors

One thing is certain from the recent third quarter results of TAL International Group Inc. (TAL), the global shipping container company: the global economic recovery continues full steam ahead. Utilization rates for its containers were at a record high 98.1% in the quarter. TAL International is at...

Strong container leasing fundamentals show no signs of slowing down as evidenced by TAL International's (NYSE: TAL) strong 3Q and improving outlook. Demand for new containers is accelerating; utilization rates remain at almost “fully utilized” levels, boosting realized revenue and reducing...

BP (NYSE: BP), Europe's second-largest oil company, has saddled Japan's Mitsui (Nasdaq: MITSY) with a $1.9 billion bill for costs related to the cleanup of the Gulf of Mexico oil spill. Mistui held a 10% operating interest in the Macondo well project. Texas-based Anadarko Petroleum (NYSE: APC)...

DXP Enterprises, Inc. (NASDAQ: DXPE) today announced net income of $5,345,000 for the third quarter ended September 30, 2010, with diluted earnings per share of $0.36 compared to net income of $2,684,000 and diluted earnings per share of $0.19 for the third quarter of 2009. Sales increased $28.8...

TAL International Group, Inc. (NYSE: TAL) is up 6% today, on significant volume, as the company reported better than expected earnings yesterday. At last check, shares of TAL were up $1.62 to $28.22, a gain of 6%. TAL International Group, Inc. engages in the lease of intermodal containers and...

Applied Industrial Technologies (NYSE: AIT) Chairman & Chief Executive Officer David L. Pugh today announced that the Company's Board of Directors has declared a quarterly cash dividend of $0.17 per common share, payable on November 30, 2010, to shareholders of record on November 15, 2010.

The board of directors of W.W. Grainger, Inc. (NYSE: GWW) has declared a cash dividend of 54 cents per share payable on December 1, 2010, to shareholders of record on November 8, 2010.

Applied Industrial Technologies (NYSE: AIT) today reported first quarter fiscal 2011 sales and earnings for the three months ended September 30, 2010. Net sales for the first quarter increased 20.5% to $527,501,000 from $437,743,000 in the comparable period a year ago. Net income for the quarter...

W.W. Grainger (GWW) delivered another strong quarter on October 14 followed once again by increased sales and earnings guidance going forward. This prompted analysts to raise their estimates, which propelled the stock to a Zacks #1 Rank (Strong Buy). The company also continues to reward its...

The board of directors of GATX Corporation (NYSE: GMT) today declared a quarterly dividend of $0.28 per common share, payable December 31, 2010, to shareholders of record on December 15, 2010. This quarterly dividend is unchanged from the prior quarter. The board also declared a quarterly dividend...

WESCO International (WCC) announced third quarter earnings that exceeded the Zacks Consensus Estimate by 9 cents, or 13.8%.   Revenue   WESCO reported revenue of $1.32 billion that beat the Zacks Consensus expectation by 3.9%, increasing 5.2% sequentially and 14.9% year over year.  ...

Although RSC Holdings (NYSE: RRR) reported a wider than expected $0.06 loss per share vs Deutsche Bank ($0.02) estimate, 3Q results reflected a return to growth in the core rental segment after 8 Qs. Rate and utilization improvement combined with cost control contributed to EBITDA margin of 35.2%,...

RSC Holdings Inc. (NYSE: RRR) today announced financial results for the quarter ended September 30, 2010. Total revenue was $334 million and rental revenue was $292 million, compared with $316 million and $272 million, respectively, for the same period last year. The company reported a third...

Lockheed Martin (NYSE: LMT) and Kaman Aerospace Corporation, a subsidiary of Kaman Corporation (Nasdaq: KAMN), have formally offered the K-MAX® unmanned helicopter in response to a U.S. Naval Air Systems Command request for a cargo unmanned aircraft system. Earlier this year, the unmanned K-MAX...