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Below is an archive of all major corporate news releases issued by Milacron for 2003. Each entry contains a summary and a link to the Press Release. Quarterly earnings releases also link to tables of financial statements.
December 24, 2003
Banks Extend Milacron's Receivables Liquidity Facility
Milacron today announced that the banks participating in the company's sale of receivables program have agreed to extend the liquidity facility related to that program to February 27, 2004.
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December 2, 2003
Milacron's Revolving Credit Agreement Amended to Relax Key Terms
Milacron today announced its principal bank group has agreed to amend and relax certain terms of its revolving credit facility.
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November 5, 2003
Milacron Scores Zero Defects in QS9000/TE Quality Audit
The company's commitment to continuous quality improvement has achieved a rare milestone - zero non-conformances in the latest QS9000/TE semi-annual audit of its main manufacturing plants in Batavia and Mt. Orab, Ohio.
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October 31, 2003
Milacron Reports Third Quarter Results; Non-Cash Goodwill Writedown Increases Net Loss; Cash Flow from Operations Turns Positive
Milacron today reported a loss in the third quarter of 2003 but said that cost-reduction measures and the implementation of Lean manufacturing strategies helped improve manufacturing margins and generate positive cash flow from operations.
Read More | Financial Statements
October 21, 2003
Milacron Third Quarter Earnings Release and Conference Call Set for October 31
Following its usual practice, on October 31 the company will release its results in the morning before the market opens. At 11:00 a.m. ET, management will conduct an open investor conference call to discuss the third quarter along with the current outlook.
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September 17, 2003
Milacron Sells Talbot Round Tools
Milacron today announced the sale of its discontinued Talbot round tool business to Harpoint Holdings Inc., a private investment group, of Newtown, Pennsylvania.
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August 29, 2003
Milacron Sells Minnesota Twist Drill
Milacron announced today the sale of Minnesota Twist Drill, one of its discontinued round tool businesses, to a group of private investors.
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August 14, 2003
Milacron, Banks Amend Revolving Credit Agreement
Milacron announced today it had reached an agreement with its principal bank group to amend certain terms of its revolving credit facility.
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August 8, 2003
Milacron President Harold J. Faig to Retire on September 30
Milacron today announced that Harold J. Faig, president and chief operating officer, has decided to take early retirement effective at the end of September, after 36 years of dedicated service.
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July 29, 2003
Milacron Reports Second Quarter Results; New Cost Reductions Aim for Sustained Profitability; Common and Preferred Dividends Suspended
Confirming its pre-announcement on July 17, Milacron today reported a before-tax loss from continuing operations, excluding restructuring charges, of $9.8 million in the second quarter of 2003. The company also outlined additional cost-reduction initiatives designed to achieve sustained profitability.
Read More | Financial Statements
July 23, 2003
Milacron Second Quarter Earnings Release and Conference Call Set for July 29
Following its usual practice, on July 29 the company will release its results in the morning before the market opens. Later that day at 3:00 p.m. ET, management will conduct an open investor conference call to discuss the second quarter along with the current outlook.
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July 17, 2003
Milacron Lowers Second Quarter Earnings Estimate; Company to Step up Restructuring and Cost Cutting For Return to Profitability by Year-End
Citing intensified pricing pressure in both North American and European markets for plastics equipment and supplies, Milacron said it expects to report a pre-tax operating loss from continuing operations of approximately $10 million in the second quarter, about $3 million more than previously anticipated.
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June 26, 2003
Milacron's Bold NPE Strategy a Hit with Customers
Three days into the National Plastics Exposition in Chicago, Milacron is confounding industry skeptics by proving its strategy of featuring an exhibit that focuses on what customers want Milacron products to make rather than on the machines that will make them.
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May 23, 2003
Milacron Shareholders Restore Principle of "One Share, One Vote"
At its annual meeting today, Milacron shareholders adopted an amendment to the company's certificate of incorporation to eliminate time-phased "supervoting" rights and restore the principle of "one share, one vote." CEO Ron Brown also commented on the outlook.
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April 23, 2003
Milacron (MZ) Declares Dividends
Milacron today announced that its board of directors declared quarterly dividends of $.01 per share on common stock and $1.00 per share on preferred stock.
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April 23, 2003
Milacron's First Quarter Operating Results Show Year-Over-Year Improvement
Milacron's today reported continued progress in the first quarter of 2003 with stronger sales and new business levels as well as significant improvements in operating performance in the company’s machinery businesses in North America and Europe compared to the same period a year ago.
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April 15, 2003
New Date Set for Annual Meeting; Proposal to Eliminate "Supervoting"
Milacron's board of directors has rescheduled the annual meeting of shareholders for 9:00 a.m. EDT, Friday, May 23, 2003, in the Cincinnati area.
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April 8, 2003
Milacron Earnings Release and Conference Call Set for April 23
Following its usual practice, on April 23 the company will release its results in the morning before the market opens. Later that day at 2:00 p.m. ET, management will conduct an open investor conference call to discuss the first quarter along with the current outlook.
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April 4, 2003
Milacron Postpones Its Annual Meeting of Shareholders
The company expects the meeting to take place no later than May 23, 2003.
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February 24, 2003
Dean Reber Receives Milacron's Neil A. Armstrong Award
Milacron Inc. (NYSE: MZ) announced that Dean Reber, PhD, is the recipient of its Neil A. Armstrong Award for 2002.
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February 11, 2003
Milacron (MZ) Declares Dividends; Annual Meeting Date Set
Milacron Inc. (NYSE: MZ) declared quarterly dividends of $.01 per share on common stock and $1.00 per share on preferred stock. The company also set the date of the annual meeting for April 23, 2003.
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February 11, 2003
Milacron’s Q4 Operating Results Show Improvement
Milacron Inc. (NYSE: MZ) showed significant progress in the fourth quarter of 2002, as improvements in operating efficiency resulted in a modest profit from continuing operations on essentially flat sales compared with a year ago.
Read More | Financial Statements
January 23, 2003
Milacron To Release Fourth-Quarter Results and Hold Open Investor Conference Call on February 11
Following its usual practice, before the market opens on February 11 Milacron (NYSE: MZ) will release its results along with the current outlook. Later that day at 3:00 p.m. Eastern time, the company will hold a webcast conference call.
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Releases are entered "as issued" historically and are believed to be accurate at the time. No attempt is made to correct or update them based on subsequent events. Shareholders and potential investors should note the date of issue on the document when evaluating forward-looking statements and consult the Cautionary Statement, which spells out risks and uncertainties that could impact future results, in the company's most recent Form 10-Q or Form 10-K on file with the SEC.
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