Banking & Finance

Milwaukee-based Strattec Security Corp. reported fiscal 2015 first quarter net income of $10.3 million, or $2.55 per share, up from $3.9 million, or 91 cents per share, in the first quarter of 2014.

Milwaukee-based Sensient Technologies Corp. has reported third quarter net earnings of $21.3 million, or 44 cents per share, down from $31.5 million, or 63 cents per share, in the third quarter of 2013.

Dan Matola has been named president of Milwaukee-based Jacobus Wealth Management Inc.

Waukesha-based Generac Power Systems has acquired some assets of Kearney, Neb.-based Pramac America LLC, from Siena, Italy-based Pramac Industries Inc.

Dubuque, Iowa-based Heartland Financial USA Inc. has agreed to acquire Community Banc-Corp of Sheboygan Inc., the parent company of Sheboygan-based Community Bank & Trust, for about $52 million or 155 percent of the tangible equity of Community Banc-Corp at closing.

Milwaukee-based Koss Corp., the high-fidelity headphone manufacturer, reported a fiscal 2015 first quarter net loss of $94,998, or a 1 cent loss per share, compared with net income of $79,402, or 1 cent per share, in the first quarter of 2014.

Three regional banks with a strong Milwaukee market presence have reported flat or slightly lower net income in their third quarter earnings reports.

Milwaukee-based ManpowerGroup today reported third quarter net earnings of $130.5 million, or $1.61 per share, up from $94.7 million, or $1.18 per share, in the same period a year ago.

A.O. Smith Corp. today reported third quarter net earnings of $50.6 million, or 56 cents per share, up from $46.2 million, or 50 cents per share, in the same period a year ago.
The company’s quarterly sales grew 8.5 percent to $581.6 million from $536.2 million a year earlier.

Milwaukee-based Harley-Davidson Inc. today reported third quarter net income of $150.1 million, or 69 cents per share, down from $162.7 million, or 73 cents per share, in the same period a year ago.