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Apergy Corp (APY.N)

APY.N on New York Stock Exchange

10.34USD
3 Jun 2020
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Latest Key Developments (Source: Significant Developments)

Ecolab Inc - If Merger With Apergy Is Terminated, Apergy To Pay Co Termination Fee Of $89.9 Mln Under Certain Circumstances
Monday, 23 Dec 2019 

Dec 23 (Reuters) - Ecolab Inc ::ECOLAB INC - IF MERGER WITH APERGY IS TERMINATED, APERGY TO PAY CO TERMINATION FEE OF $89.9 MILLION UNDER CERTAIN CIRCUMSTANCES.  Full Article

Apergy To Combine With Ecolab’S Upstream Energy Business
Thursday, 19 Dec 2019 

Dec 19 (Reuters) - Apergy Corp ::PRESS RELEASE - APERGY TO COMBINE WITH ECOLAB’S UPSTREAM ENERGY BUSINESS IN A TAX-FREE TRANSACTION, CREATING A GLOBAL LEADER IN PRODUCTION-OPTIMIZATION SOLUTIONS.APERGY CORP - DEAL FOR ENTERPRISE VALUE OF APPROXIMATELY $7.4 BILLION.APERGY CORP - COMBINED BUSINESS EXPECTED TO GENERATE PRO FORMA REVENUE OF APPROXIMATELY $3.5 BILLION.APERGY CORP - COMBINED BUSINESS EXPECTED TO GENERATE PRO FORMA ADJUSTED EBITDA OF ABOUT $615 MILLION (BEFORE SYNERGIES) IN 2019.APERGY CORP - EXPECTED ANNUAL RUN-RATE COST SYNERGIES OF $75 MILLION WITHIN 24 MONTHS OF CLOSING DEAL.APERGY CORP - DEAL INCLUDES APPROXIMATELY $3.9 BILLION OF STOCK TO ECOLAB SHAREHOLDERS.APERGY CORP - EXISTING APERGY AND ECOLAB SHAREHOLDERS TO OWN 38% AND 62% OF COMBINED ENTITY, RESPECTIVELY.APERGY CORP - SOMASUNDARAM, CURRENT APERGY PRESIDENT & CEO, WILL SERVE AS PRESIDENT AND CHIEF EXECUTIVE OFFICER OF COMBINED COMPANY.APERGY CORP - JAY NUTT, CURRENT CFO OF APERGY, WILL SERVE AS CFO OF COMBINED COMPANY.APERGY CORP - AT COMPLETION OF DEAL, CO WILL ISSUE ABOUT 127 MILLION SHARES TO EXISTING ECOLAB SHAREHOLDERS, ASSUME ESTIMATED NET DEBT OF ABOUT $492 MILLION.APERGY CORP - SIZE OF APERGY BOARD WILL BE INCREASED AND TWO NEW DIRECTORS DESIGNATED BY ECOLAB WILL BE APPOINTED TO BOARD.APERGY - CHAMPIONX IS EXPECTED TO BE SPUN-OFF TO ECOLAB'S SHAREHOLDERS & SIMULTANEOUSLY MERGED WITH A WHOLLY-OWNED SUBSIDIARY OF APERGY.  Full Article

Apergy Q1 Adjusted Earnings Per Share $0.32
Wednesday, 1 May 2019 

April 30 (Reuters) - Apergy Corp ::APERGY REPORTS FIRST QUARTER 2019 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.32.Q1 EARNINGS PER SHARE $0.29.Q1 REVENUE $302 MILLION VERSUS REFINITIV IBES ESTIMATE OF $302 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.30 -- REFINITIV IBES DATA.SEES Q2 CONSOLIDATED REVENUE $305 MILLION TO $315 MILLION.SEES FY CAPITAL EXPENDITURE PORTION FOR LEASED ESP INVESTMENT BETWEEN $20 MILLION AND $25 MILLION.Q2 REVENUE VIEW $310.5 MILLION -- REFINITIV IBES DATA.  Full Article

Apergy Reports Fourth Quarter And Full Year 2018 Results
Tuesday, 19 Feb 2019 

Feb 18 (Reuters) - Apergy Corp ::APERGY REPORTS FOURTH QUARTER AND FULL YEAR 2018 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.36.Q4 EARNINGS PER SHARE $0.29.Q4 REVENUE $311 MILLION VERSUS REFINITIV IBES ESTIMATE OF $305.7 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $0.33 -- REFINITIV IBES DATA.  Full Article