Latest news with #SouthElMonte
CBS News
2 days ago
- Climate
- CBS News
LA County crews stop forward progress of small brush fire in South El Monte
Firefighters made quick work of a small brush fire that broke out in South El Monte on Sunday afternoon. The blaze, which was referred to as the Briggs Fire, was first reported at around 3:50 p.m. near the intersection of N. San Gabriel Avenue and Lincoln Avenue, according to the Los Angeles County Fire Department. Ground crews and a water-dropping helicopter were dispatched to the scene, where they were able to stop forward progress by 6:15 p.m. The fire is said to have burned six acres. No injuries were reported and no structures were threatened. It's unclear how the blaze ignited.
Yahoo
23-05-2025
- Business
- Yahoo
RBC Bearings to Acquire VACCO Industries & Boost Product Portfolio
RBC Bearings Incorporated RBC recently announced that it has signed a definitive deal with ESCO Technologies Inc. ESE to acquire VACCO Industries for about $310 million in cash. RBC is expected to fund the transaction through borrowings under its current credit agreement and cash on shares were down 1% yesterday to eventually close the trading session at $ in South El Monte, CA, VACCO is engaged in producing valves, filters, regulators and other precision components and subsystems for the space and naval defense sectors. The firm's innovative engineered solutions are designed to support critical missions for customers across the defense, space and commercial markets. VACCO generated revenues of roughly $118 million in the trailing 12 months ended March 31, 2025. The latest buyout is in sync with RBC Bearings' policy of acquiring companies to strengthen its business and product portfolio. The inclusion of VACCO's expertise in engineered valves, regulators and manifolds, supported by its strong designing, engineering and production capabilities, will enable RBC to expand its customer offerings in the defense, space and commercial markets. It will incorporate VACCO into its Aerospace and Defense expects the transaction to be completed this summer, conditioned on the fulfillment of certain customary closing conditions. RBC Bearings, with a $11.8 billion market capitalization, currently carries a Zacks Rank #4 (Sell). The company is grappling with rising operating costs and expenses. In first-quarter 2025, its cost of sales rose 3.8% year over year, while selling, general and administrative expenses increased 12% year over year. However, strength in its Aerospace/Defense segment, along with recovery in the Industrial unit, bodes well. Image Source: Zacks Investment Research The company's shares have gained 4.4% against the industry's decline of 0.8% in the past three Zacks Consensus Estimate for RBC's current-year earnings has declined 0.9% over the last 60 days. A couple of better-ranked stocks from the same space are discussed Gorman-Rupp Company GRC currently carries a Zacks Rank #2 (Buy). GRC delivered a trailing four-quarter average earnings surprise of 2.4%. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks the past 60 days, the Zacks Consensus Estimate for Gorman-Rupp's 2025 earnings has increased 0.5%.Broadwind Energy BWEN currently carries a Zacks Rank of 2. BWEN delivered a trailing four-quarter average earnings surprise of 61.1%. In the past 60 days, the consensus estimate for Broadwind Energy's 2025 earnings has increased 33.2%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RBC Bearings Incorporated (RBC) : Free Stock Analysis Report ESCO Technologies Inc. (ESE) : Free Stock Analysis Report Gorman-Rupp Company (The) (GRC) : Free Stock Analysis Report Broadwind Energy, Inc. (BWEN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
