Burlington-based health care company Laboratory Corporation of America Holdings reported a 17 percent increase in net earnings for the first quarter due the company’s strong growth. LabCorp reported net earnings of $192.2 million, or $1.84 per share, a 17 percent increase from $164.1 million, or $1.58 per share, in...
Read MoreGood news for investors in CommScope and LendingTree: Their latest earnings beat Wall Street estimates. The details: CommScope beats analyst projections for fourth quarter CommScope Holding Co. reported an increase in fourth-quarter sales and earnings that beat analyst’s estimates. The Hickory-based company that handles infrastructure solutions for communication networks reported a net income of $54 million, or 28 cents per diluted share and sales of $1.18 billion for the fourth quarter. The company reported a net loss of $75 million, or a loss of 39 cents per share, in the fourth quarter last year. Adjusted for one-time gains and losses,...
Read MoreBabcock and Wilcox Enterprises Inc., a Charlotte-based company, announced it is acquiring Universal Acoustic & Emission Technologies Inc. for $55 million. Universal AET is a Wisconsin based company that provides custom–engineered acoustic, emission and filtration solutions. The company offers products such as gas turbine inlet and exhaust systems, custom silencers, filters and custom enclosures. Universal AET is expected to generate approximately $80 million of annual revenue. The new company will be incorporated into B&W’s industrial operating segment. Babcock & Wilcox is an energy and environmental technology company. The acquisition diversifies its business so it is not as reliant on...
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