News
NEW YORK — Dover Corp. yesterday said it will reorganize into four business segments and restate some results to reflect the new structure.
The conglomerate reduced its recent earnings per share of continuing operations due to the reaccounting of two now-discontinued businesses: Crenlo and Graphics Microsystems.
The company said it restated the past three years of financial reports, but did not provide further details.
Under the new structure, the four segments will be industrial products, engineered systems, fluid management and electronic technologies. The latter includes such companies as DEK, Everett-Charles Technologies, OK International and Ovation, among others.
In a statement, Dover said the reorganization will help save on costs, make the company simpler to understand for investors, and give a clearer direction to future acquisitions.
The conglomerate reduced its recent earnings per share of continuing operations due to the reaccounting of two now-discontinued businesses: Crenlo and Graphics Microsystems.
The company said it restated the past three years of financial reports, but did not provide further details.
Under the new structure, the four segments will be industrial products, engineered systems, fluid management and electronic technologies. The latter includes such companies as DEK, Everett-Charles Technologies, OK International and Ovation, among others.
In a statement, Dover said the reorganization will help save on costs, make the company simpler to understand for investors, and give a clearer direction to future acquisitions.
GELDERN, GERMANY – Ruwel GmbH, Europe’s second largest PCB manufacturer, named Bruno Haelg to manage production, research and development, quality and finance.
Haelg last ran the business of Unaxis Balzers AG, a supplier of equipment for semiconductor technology, data storage and displays. He has degrees in mechanical engineering and business administration.
He takes over for interim manager Detlev Schauwecker of AlixPartners.
Ralf Ebeling will continue to run sales/marketing, logistics and personnel, the company said.
Haelg last ran the business of Unaxis Balzers AG, a supplier of equipment for semiconductor technology, data storage and displays. He has degrees in mechanical engineering and business administration.
He takes over for interim manager Detlev Schauwecker of AlixPartners.
Ralf Ebeling will continue to run sales/marketing, logistics and personnel, the company said.
Ruwel had 2006 sales of $205 million, flat with 2005, according to PCD&M consulting editor Dr. Hayao Nakahara.
JACKSON, MI – EMS provider Sparton Corp. announced net sales for the fourth quarter were just shy of $51 million, up 0.9% year-over-year. The company reported a net loss of $1.63 million, reversing a $468,000 gain last year.
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