Ambrell Corp. parent company, inTEST Corp., has posted first quarter revenue and earnings increases, beating Street estimates. The Mt. Laurel, N.J.-based public company—which designs and manufactures engineered solutions for automated test equipment and other electronic test and industrial process applications—posted ...Read More »
Garlock Sealing Technologies LLC parent EnPro Industries Inc. last week reported a 9 percent increase in first quarter sales and a nearly 12 percent jump in earnings, beating Street estimates. For the quarter ended March 31, EnPro reported consolidated net ...Read More »
The Paychex | IHS Markit Small Business Employment Watch index of small-business job growth and wages dropped slightly in April, as wage growth accelerated and the pace of monthly small business job growth continued to tighten. “The low unemployment rate ...Read More »
Constellation Brands officials will close the New York Stock Exchange this afternoon as part of an annual Cinco de Mayo celebration. Beer Division President Paul Hetterich and Chief Financial Officier David Klein will do the honors, which include ringing a ...Read More »
Ultralife Corp. on Thursday reported a first-quarter increase in revenue and income. For the quarter ended April 1, the Newark, Wayne County-based manufacturer reported operating income of $2.4 million on revenue of $23.1 million. That compares with operating income of ...Read More »
SPX Flow Inc.—which has its Lightnin subsidiary in Rochester—this week reported an improvement in first quarter organic revenues and earnings, barely missing Street estimates. Revenues for the quarter ended March 31 were $490.3 million, up from $433.2 million in the ...Read More »
Parker Hannifin Corp. on Thursday reported record third-quarter sales and earnings, beating Street estimates. Sales for the quarter ended March 31 rose 20 percent to $3.75 billion, compared with $3.12 billion last year. Net income for the quarter increased to ...Read More »
A local manufacturer plans to move its Quebec, Canada, operations to Fairport, creating nearly 30 jobs. Qualitrol Corp., a subsidiary of Fortive Corp., will receive up to $350,000 from Empire State Development through the Excelsior Jobs Program in exchange for ...Read More »
Leaders from OFD Foods LLC—who last year announced plans to open a $25 million manufacturing facility in Henrietta—were joined Thursday by elected officials and business representatives for a ceremonial groundbreaking for the 50,000-square-foot facility. The facility is expected to employ ...
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An amended lawsuit filed by Xerox Corp.’s third-largest shareholder alleges that company CEO Jeff Jacobson pursued a deal with Fujifilm Holdings Corp. that his board neither wanted nor approved, and that Jacobson orchestrated the deal in order to keep his ...Read More »
New research from LaunchNY—a Western New York venture development organization that provides mentoring and capital access to startups—suggests that the region’s advanced manufacturing leaders are not doing enough to connect with fledgling entrepreneurs, and that could be problematic for the ...Read More »
Business activity statewide continued to grow in April, but at a less brisk pace than in March, according to firms responding to the Federal Reserve Bank of New York’s March Empire State Manufacturing Survey. At 15.8, the general business conditions ...
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Xerox Corp. CEO Jeff Jacobson earned more than $9.5 million in total compensation last year, nearly double his 2016 earnings as executive vice president and president, Xerox Technology. In a Tuesday preliminary proxy filing with the Securities and Exchange Commission, ...Read More »