September 27, 2012

DXP, Circo Enterprises Reach ‘Amicable Settlement’

The lawsuit, filed by the Circos last year, alleged breach of contract related to the acquisition of Precision Industries.

The distributor spent $64 million on acquisitions and stock repurchases during the quarter which more than offset strong revenues.

Downgrade from the second estimate reflects a slowdown in spending across several categories.

The plants in Missouri and Oklahoma will expand Eagle’s U.S. cement capacity by roughly 60 percent.

Organic sales for the quarter increased 5 percent.

Stoneway will continue to operate under its existing name from its headquarters in Spokane, WA.