Latest news with #Milwaukee-based
Yahoo
5 days ago
- Business
- Yahoo
Milwaukee-based Rockwell says it's spending $2 billion nationwide to boost manufacturing
Rockwell Automation says it will spend $2 billion over the next five years on its manufacturing plants, talent and digital infrastructure. Most of the spending will be focused on capital investments in the United States, said Blake Moret, CEO and chairman of the Milwaukee-based industrial automation company. Rockwell does much of its manufacturing in Ohio but also makes products in Wisconsin. 'The plants that are in both states will be beneficiaries of this investment,' Moret said. Worldwide, Rockwell has around 27,000 employees. The company hasn't released a specific number of jobs that would be created from the $2 billion investment but says it's hiring again after workforce reductions in 2024. 'We've returned to hiring, but it is with a continued close eye on managing or costs and doing it as efficiently as possible,' Moret said. Rockwell on Aug. 6 reported a third-quarter profit of $295 million, or $2.60 per share, compared with $232 million, or $2.02, from the year-earlier quarter. Many of the company's products are aimed at automakers, food and beverage makers, and other industrial users. 'We are very supportive of the renewed focus on increasing U.S. manufacturing. It's important for Rockwell, and I personally think that manufacturing plays an absolutely critical role at the center of the U.S. economy,' Moret said. 'In the same way we tell our U.S. customers, that even with a relatively high labor cost they can compete and win around the world, we're going to demonstrate the same thing to an even higher extent at our own plants,' he added. The 10th annual State of Smart Manufacturing Report, released in June by Rockwell, noted that more than 40% of manufacturers are turning to artificial intelligence and automation to help close skills gaps and address labor shortages. Uncertainties around tariffs and the economy have slowed some of the U.S. growth, although Moret says once the unknowns are reduced, companies will renew their capital spending in areas like industrial automation. 'We're not waiting to continue to work on our own operations and to make sure that we can continue to grow market share,' Moret said. This article originally appeared on Milwaukee Journal Sentinel: Rockwell Automation spending $2 billion to boost U.S. manufacturing Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
USA Today
6 days ago
- USA Today
Norweigan officials search for Wisconsin journalist Alec Luhn, last seen headed for a hike
Officials are searching for a 38-year-old Wisconsin journalist, last seen by his wife as he set off alone on a hike in a national park in Norway. Alec Luhn was last seen the afternoon of July 31 as he was headed from Odda, Norway, on a solo backpacking trip to explore the glacier at Folgefonna National Park in southwestern Norway, according to Facebook post from his wife, Veronika Silchenko. Stormy conditions have made the search efforts more treacherous, according to an X post from the Norweigan Red Cross. Luhn is from Stoughton in Dane County, according to the University of Wisconsin-Madison, where he graduated from in 2010. He's an award-winning international freelance reporter, mainly covering the environment since 2022. Silchenko and Luhn's Milwaukee-based parents couldn't immediately be reached for comment on Aug. 5. Silchenko told the New York Times that the couple were visiting family in Norway. On July 31, she left to go home to London and Luhn went on his hike. She described her husband as an experienced hiker and it wasn't unusual for him to go on hikes alone. She didn't expect to hear from him because of the spotty phone service in park, the report said. When Luhn missed his return flight home on Aug. 5 she alerted authorities, Silchenko said. 'I just really want him back,' she said. 'I can't sleep or eat properly. It's very hard not to know anything.' Luhn often travels for work. He's reported from a glacier in Alaska, oilfields in Texas, a drought in Somalia and a research ship on the North Sea. He was a foreign correspondent in Russia for the Guardian, Telegraph and VICE News. When Russia invaded Ukraine in 2022, he became a full-time climate and science journalist, which was a longtime interest. In spring 2025, Luhn was a science journalist in residence at the UW School of Journalism and Mass Communication and has plans to work on a project at the university in 2026, according to Kathleen Culver, director of the journalism school. Luhn was on campus for a week in April and does remote work from the U.K., Culver said, adding she's known Luhn since he was a student on campus. "I'm really worried," Culver said. "He was heading out back to the U.K. and he said, 'I knew I would love working with students, but I didn't know I would love it this much.'" Luhn wants to do more mentoring of students next year and Culver is working on him returning to a role at the school, she said. "I am very much looking forward to this being a survival story," Culver said. "And him having lots of things to tell students as he mentors them." This story was updated because an earlier version included an inaccuracy.
San Francisco Chronicle
6 days ago
- Business
- San Francisco Chronicle
Mayville Engineering: Q2 Earnings Snapshot
MILWAUKEE (AP) — MILWAUKEE (AP) — Mayville Engineering Company, Inc. (MEC) on Tuesday reported a loss of $1.1 million in its second quarter. The Milwaukee-based company said it had a loss of 5 cents per share. Earnings, adjusted for one-time gains and costs, came to 10 cents per share. The company posted revenue of $132.3 million in the period. Mayville Engineering expects full-year revenue in the range of $528 million to $562 million. _____ Aug 5, 2025
San Francisco Chronicle
04-08-2025
- Business
- San Francisco Chronicle
Douglas Dynamics: Q2 Earnings Snapshot
MILWAUKEE (AP) — MILWAUKEE (AP) — Douglas Dynamics Inc. (PLOW) on Monday reported net income of $26 million in its second quarter. On a per-share basis, the Milwaukee-based company said it had profit of $1.09. Earnings, adjusted for one-time gains and costs, came to $1.14 per share. The snowplow maker posted revenue of $194.3 million in the period. Douglas Dynamics expects full-year earnings in the range of $1.65 to $2.15 per share, with revenue in the range of $630 million to $660 million. _____
Mint
01-08-2025
- Business
- Mint
International Beer Day: Here's how to get a free beer from Miller Lite
International Beer Day is marked annually on the first Friday in the month of August. This time, the celebrations are taking place on August 1. While it is common to get offers and discounts on beers across various outlets in the US, Miller Lite this year is offering 50,000 beers for free at nearly 500 bars across the country, Fortune reported. The major beer brand has come up with this special offer to celebrate its 50th anniversary. The beers are being offered at several bars across the United States. To locate the nearest bars handing out the free bars, customers can visit the official website at USA Today reported. All they are required to do is to enter your state and a complete list will appear to pick the nearest location. The giveaway kickstarts at 4:50 PM (local time) and will continue till 7 PM. Notably, sweepstakes are also being offered on the brand's official website which will pick up the tab for fans. Customers can visit from 4 PM ET to enter sweepstakes for free beers, according to Fortune. In a press release, Ann Legan, Vice President of Marketing for Miller family of brands, said that the brand's 50th anniversary is "just more than a milestone for Miller Lite, it's a celebration of our fans and the five decades we've spent together enjoying Miller Time". A representative for the brand has clarified to USA Today that per person there is a one free can limit. Besides this, customers are further looking forward to the New Year's Eve-style 'Beer Drop' at the Milwaukee-based Miller Lite Brewery. Miller Lite started its 50th year celebration recently by coming up with all-new limited-edition gold cans. Besides this, the brand has partnered with "Saturday Night Live" star Marcello Hernandez. Apart from Miller Lite, Benihana has come up with a great deal for all its customers. The restaurant chain is serving Coronitas, which is dubbed as the mini version of Corona, for a mere $1.99. The offer remains available from August 1 to 10 at select locations until the supplies last. As per its official website, the brand remains available at more than 80 locations in the US, the Caribbean and other regions in America. The day is celebrated to support brewers and bartenders around the world. According to USA Today, this day marks the first legal sale of alcohol since Prohibition began in 1920.
