Monday, December 17, 2012, 5:39 PM
S&P announces some changes to its indices: United Natural Foods (UNFI) will replace Amerigroup (AGP) in the S&P MidCap 400, and Ixia (XXIA) will replace United Natural Foods in the S&P SmallCap 600. Wellpoint (WLP) is acquiring AGP in a deal expected to be completed soon. Abiomed (ABMD) is also to be added to the S&P 600, replacing Cascade (CASC) as of the December 21st close of trading. Toyota Industries is acquiring Cascade, which also should be completed soon.
Comment![Healthcare, Consumer, Financials]
Wednesday, November 28, 2012, 4:19 PMCascade (CASC): Q3 EPS of $1.16 misses by $0.02. Revenue of $137.2M (-1% Y/Y) beats by $2M. (PR)
Monday, November 5, 2012, 7:24 AMCascade Corp. (CASC) declares $0.35/share quarterly dividend, in line with previous. For shareholders of record Nov. 15. Payable Nov. 26. Ex-div Nov. 13. (PR)
Monday, October 22, 2012, 10:00 AM
Japanese transportation equipment company Toyota Industries agrees to acquire Cascade (CASC), a provider of parts for the lift trucks industry, for $759M. Toyota's offer of $65/share represents a premium of 18% to Cascade's closing price on Friday. Cascade is now +17.9% to $64.94. (PR)
Comment![M&A, On the Move]
Friday, August 31, 2012, 12:00 PM
Cascade (CASC -1%) slips after its Q2 missed on both counts late yesterday. Net earnings fell 8.8% as currency fluctuations mostly offset sales growth and its effective tax rate rose. Gross margin fell to 30.8% from 31.9%. Total shipments fell 2% on a 19% decline in shipments to China. However, shipments improved elsewhere: Asia-Pacific +14%, Americas +2% and Europe +4%.
Comment![Earnings, On the Move]
Wednesday, February 22, 2012, 2:24 PM
Cascade (CASC -0.4%) drifts lower after Global Hunter cut the shares to Accumulate on valuation, citing a potential softening in China lift truck trends.
Comment![Global & FX]
Wednesday, December 28, 2011, 1:47 PM
Cascade (CASC -0.4%) outperforms the general market after being initiated with a Buy at Global Hunter. The firm says it's the largest manufacturer of attachments for use on industrial lift trucks as well as construction, agricultural and mining related vehicles, and a leading player in the global market for materials handling equipment.
Comment![On the Move]
Friday, December 2, 2011, 11:39 AM
Shares of Cascade Corp. (CASC +12.6%) jump after its Q3 tops estimates, as the company's efforts to streamline its operations begin to pay off. Earnings more than doubled on a 29% Y/Y jump in sales, as the forklift-parts company racked up better shipment volumes due to improving economic conditions and a strong global lift truck market.
Comment![On the Move]