Banking & Finance

Johnson Outdoors Inc. third quarter profit up 10.8%

Racine-based Johnson Outdoors Inc. reported fiscal year third quarter net income of $9 million, up 10.8 percent from the previous fiscal third quarter. Net sales were $128.6 million, up five percent.

Rexnord absorbs first quarter loss to pay debt

West Milwaukee-based Rexnord Corp. reported a net loss of $2.2 million for the first quarter of its fiscal year, down from net income of $11.2 million in the first quarter of the previous fiscal year. Net sales were up 4.4 percent to $497 million.

Generac earnings down 39%

Waukesha-based Generac Holdings Inc. reported Thursday that it had second quarter net income of $9.3 million, down 39 percent from 2011 second quarter net income of $15.3 million.

Glenn Rieder acquires San Diego company

Milwaukee-based Glenn Rieder Inc. announced that it has acquired San Diego-based Quality Cabinet and Fixture Company and its majority owned subsidiary, Quality Cabinets de Mexico S. de R.L. de C.V.

Roadrunner acquires Omaha trucking companies

Cudahy logistics provider Roadrunner Transportation Systems Inc. has acquired R&M Transportation and Sortino Transportation for $24.4 million.

Uncertainty reigns in industry survey

Manufacturers remain concerned about economic uncertainty and are proceeding with caution, if at all, according to a new survey by Milwaukee accounting firm CliftonLarsonAllen LLP.
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Private equity can open the exit door

As business owners approach retirement age, they may be contemplating the most effective way to transition ownership of their...

Milwaukee Biz Blog: The banking industry has a problem

The federal government should put a strict “cap” on activities that banks and insurers do that get them in trouble.

Bank Mutual to reopen West Allis branch

Milwaukee-based Bank Mutual has planned a grand re-opening of its West Allis branch, 10296 W. National Ave., on Saturday, August 4.

Rockwell third quarter profit up 6.2 percent

Milwaukee-based Rockwell Automation Inc. reported fiscal third quarter profit of $190.7 million, up 6 percent compared to $179.5 million in the previous fiscal third quarter.

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