Market Newsdesk

DOWNERS GROVE, Ill., Jan. 6, 2021 /PRNewswire/ — Dover (NYSE: DOV) announced today that it has completed the acquisition of Innovative Control Systems, Inc. (“ICS”), a leading provider of car wash controllers, payment terminals, point-of-sale and wash site management software solutions. ICS is now part of Dover’s Fueling Solutions segment.

Headquartered in Bethlehem, Pennsylvania, and employing more than 150 people, ICS has served the carwash industry for over 30 years. ICS is recognized in the marketplace for its strong engineering and reliability, high levels of customer service, and innovative solutions.

The addition of ICS expands Dover’s participation in the secularly-growing vehicle wash market and enhances Dover’s offerings, business mix and recurring revenue stream with high-value hardware and software solutions critical to vehicle wash workflows and operations. A scaled-up vehicle wash platform within Dover is expected to drive growth and efficiencies by cross-leveraging Dover’s and ICS’ go-to-market channels in vehicle wash and convenience retail markets, as well as aftermarket support infrastructure.

“This acquisition is fully aligned with the growth strategy we outlined during our analyst and investor meeting focused on Dover’s Fueling Solutions segment in November 2020. With the increasing popularity of automatic car washes among convenience retailers and independent operators, we continue to view the broader vehicle wash solutions market as an attractive and logical adjacency for our Fueling Solutions segment,” said Richard J. Tobin, Dover’s President and Chief Executive Officer.

“We are excited to bring together ICS’ innovative solutions, brand recognition and vertical software capabilities, and Dover’s scale, global reach and customer support capability in the convenience retail and vehicle wash markets. We look forward to welcoming the talented team from ICS,” said Kevin Long, President of OPW, one of Fueling Solutions’ business units, which operates Dover’s vehicle wash business platform.

Terms of the transaction were not disclosed.

About Dover:

Dover is a diversified global manufacturer and solutions provider with annual revenue of approximately $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Fueling Solutions, Imaging & Identification, Pumps & Process Solutions and Refrigeration & Food Equipment. Dover combines global scale, operational agility, world-class engineering capability and customer intimacy to lead the markets we serve. Recognized for our entrepreneurial approach for over 60 years, our team of over 23,000 employees takes an ownership mindset, collaborating with customers to redefine what’s possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under “DOV.” Additional information is available at www.dovercorporation.com.

Forward-Looking Statements:

This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements in this document other than statements of historical fact are statements that are, or could be deemed, “forward-looking” statements. Forward-looking statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond the Company’s control. Factors that could cause actual results to differ materially from current expectations include, among other things, the impacts of COVID-19, or other future pandemics, on the global economy and on our customers, suppliers, employees, business and cash flows, other general economic conditions and conditions in the particular markets in which we operate, changes in customer demand and capital spending, competitive factors and pricing pressures, our ability to develop and launch new products in a cost-effective manner, and our ability to realize synergies from newly acquired businesses. For details on the risks and uncertainties that could cause our results to differ materially from the forward-looking statements that may be contained herein, we refer you to the documents we file with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2019, and our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. These documents are available from the SEC, and on our website, www.dovercorporation.com. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

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SOURCE Dover

LOS ANGELES, Jan. 6, 2021 /PRNewswire/ — Rexford Industrial Realty, Inc. (the “Company” or “Rexford Industrial”) (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located in Southern California infill markets, today announced that the Company will release fourth quarter and full year 2020 financial results after the market closes on Wednesday, February 10, 2021. A conference call will be held on Thursday, February 11, 2021, at 1:00 p.m. Eastern Time to review the Company’s fourth quarter results, discuss recent events and conduct a question-and-answer period.

Webcast:
The conference call will be available on the Company’s website at ir.rexfordindustrial.com. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register and install any necessary audio software.

To Participate in the Telephone Conference Call:
Dial in at least 5 minutes prior to start time:
Domestic: 1-877-407-0789
International: 1-201-689-8562

Conference Call Playback:
Domestic: 1-844-512-2921
International: 1-412-317-6671
Pass code: 13714732
The playback can be accessed through March 11, 2021.

About Rexford Industrial
Rexford Industrial, a real estate investment trust focused on creating value by investing in and operating industrial properties throughout Southern California infill markets, owns 248 properties with approximately 31.5 million rentable square feet and manages an additional 20 properties with approximately 1.0 million rentable square feet.

For additional information, visit www.rexfordindustrial.com.

Contact:
Investor Relations:
Stephen Swett
424-256-2153 ext 401
[email protected]

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SOURCE Rexford Industrial Realty, Inc.

HONOLULU, Jan. 6, 2021 /PRNewswire/ — Matson, Inc. (NYSE: MATX) announced today that Matt Cox, Chairman and Chief Executive Officer, and Joel Wine, Senior Vice President and Chief Financial Officer, will be attending the Sidoti Winter Investor Conference to be held virtually on January 13, 2021. 

Matson will provide access to the presentation slides on its website on January 13, 2021.  Access to the slides will be available on www.matson.com, under Investors.

About the Company
Founded in 1882, Matson (NYSE: MATX) is a leading provider of ocean transportation and logistics services.  Matson provides a vital lifeline to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia.  Matson also operates two premium, expedited services from China to Long Beach, California, provides service to Okinawa, Japan and various islands in the South Pacific, and operates an international export service from Dutch Harbor to Asia.  The Company’s fleet of owned and chartered vessels includes containerships, combination container and roll-on/roll-off ships and custom-designed barges.  Matson Logistics, established in 1987, extends the geographic reach of Matson’s transportation network throughout the continental U.S.  Its integrated, asset-light logistics services include rail intermodal, highway brokerage, warehousing, freight consolidation, Asia supply chain services, and forwarding to Alaska.  Additional information about the Company is available at www.matson.com.

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SOURCE Matson, Inc.

BLOOMFIELD, Conn., Jan. 6, 2021 /PRNewswire/ — Global health services company Cigna Corporation (NYSE: CI) today announced that its Board of Directors has instituted a quarterly cash dividend and declared the first quarterly cash dividend of $1.00 per share of Cigna common stock to be paid on March 25, 2021 to shareholders of record as of the close of trading on March 10, 2021.

“Cigna has a long track record of effective capital deployment, and our initiation of a quarterly dividend demonstrates our confidence in our ongoing ability to drive growth as we meet the needs of those we serve,” said David M. Cordani, president and chief executive officer. “We are excited to share more at our Investor Day on March 8, 2021 about the strategic positioning of our businesses, drivers of ongoing, differentiated growth, and strong operating cash flow generation, which position us to deliver attractive shareholder returns.”

“The Board’s initiation of a quarterly dividend is part of a balanced capital deployment strategy to maximize shareholder value,” said Brian C. Evanko, executive vice president and chief financial officer. “As we complete our intended deleveraging plans, our strong operating cash flows and forward growth path enable us to initiate a quarterly dividend while maintaining strong liquidity and capital flexibility in order to support ongoing investments for growth and expected meaningful share repurchase activity.”

Cigna intends to pay regular quarterly dividends, with future declarations subject to approval by its Board of Directors and the Board’s determination that the declaration of dividends remains in the best interests of Cigna and its shareholders. The decision of whether to pay future dividends and the amount of any such dividends will be based on the Company’s financial position, results of operations, cash flows, capital requirements, the requirements of applicable law and any other factors the Board of Directors may deem relevant.

As of December 31, 2020, Cigna’s outstanding share repurchase authority as approved by Cigna’s Board of Directors was approximately $3.9 billion. Cigna expects to deploy at least $2 billion to share repurchase during the first quarter of 2021.¹ From November 5, 2020, when Cigna reported third quarter 2020 earnings, through December 31, 2020, Cigna repurchased 5.9 million shares of common stock for approximately $1.2 billion.

Cigna will be hosting its virtual Investor Day on Monday, March 8, 2021. A live webcast of the presentation will be available on the Investor Relations page on www.cigna.com. A replay will be available for four weeks after the event at www.cigna.com.

About Cigna
Cigna Corporation is a global health service company dedicated to improving the health, well-being and peace of mind of those we serve. Cigna delivers choice, predictability, affordability and access to quality care through integrated capabilities and connected, personalized solutions that advance whole person health. All products and services are provided exclusively by or through operating subsidiaries of Cigna Corporation, including Cigna Health and Life Insurance Company, Connecticut General Life Insurance Company, Evernorth companies or their affiliates and Express Scripts companies or their affiliates. Such products and services include an integrated suite of health services, such as medical, dental, behavioral health, pharmacy, vision, supplemental benefits and other related products.  Cigna maintains sales capability in over 30 countries and jurisdictions, and has more than 170 million customer relationships around the world. To learn more about Cigna®, including links to follow us on Facebook or Twitter, visit www.cigna.com.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This press release, and oral statements made in connection with this release, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on Cigna’s current expectations and projections about future trends, events and uncertainties. These statements are not historical facts. Forward-looking statements may include, among others, statements concerning future dividends, share repurchases and other capital deployment plans and other statements regarding Cigna’s future beliefs, expectations, plans, intentions, liquidity, cash flows, financial condition or performance. You may identify forward-looking statements by the use of words such as “believe,” “expect,” “plan,” “intend,” “anticipate,” “estimate,” “predict,” “potential,” “may,” “should,” “will” or other words or expressions of similar meaning, although not all forward-looking statements contain such terms.

Forward-looking statements are subject to risks and uncertainties, both known and unknown, that could cause actual results to differ materially from those expressed or implied in forward-looking statements. Such risks and uncertainties include, but are not limited to: our ability to achieve our financial, strategic and operational plans or initiatives; our ability to predict and manage medical and pharmacy costs and price effectively; our ability to adapt to changes or trends in an evolving and rapidly changing industry; our ability to effectively differentiate our products and services from those of our competitors and maintain or increase market share; our ability to develop and maintain good relationships with physicians, hospitals, other health care providers, producers, consultants, and pharmaceutical manufacturers; changes in the pharmacy provider marketplace or pharmacy networks; changes in drug pricing; the impact of modifications to our operations and processes; our ability to identify potential strategic transactions and realize the expected benefits (including anticipated synergies) of such transactions in full or within the anticipated time frame, as well as our ability to integrate or separate operations, resources and systems; the substantial level of government regulation over our business and the potential effects of new laws or regulations or changes in existing laws or regulations; the outcome of litigation, regulatory audits, investigations, actions or guaranty fund assessments; uncertainties surrounding participation in government-sponsored programs such as Medicare; the effectiveness and security of our information technology and other business systems and those of our key suppliers or other third parties; the impact of our debt service obligations on the availability of funds for other business purposes; unfavorable industry, economic or political conditions, including foreign currency movements; acts of civil unrest, war, terrorism, natural disasters or pandemics; reinsurance credit risk; the scale and scope of the COVID-19 pandemic and its potential impact on our business, operating results, cash flows and financial condition, as well as on our employees, clients, customers, suppliers and partners and on the U.S. and global economies; as well as more specific risks and uncertainties discussed in our most recent report on Form 10-K, as supplemented by our Form 10-Q for the quarter ended March 31, 2020, and subsequent reports on Forms 10-Q and 8-K available through the Investor Relations section of www.cigna.com. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made, are not guarantees of future performance or results, and are subject to risks, uncertainties and assumptions that are difficult to predict or quantify. Cigna undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by law.

Investor Relations Contact

Alexis Jones

1 (215) 761-3637
[email protected]

Media Contact

Jim Cohn

1 (224) 214-8781
[email protected]

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SOURCE Cigna

WHEELING, W.Va., Jan. 6, 2021 /PRNewswire/ — WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, announced today it will host a conference call at 10:00 a.m. ET on Wednesday, January 27, 2021.  Todd F. Clossin, President and Chief Executive Officer, and Robert H. Young, Senior Executive Vice President and Chief Financial Officer, will review financial results for the fourth quarter of 2020.  Results for the quarter are expected to be released after the market close on Tuesday, January 26, 2021.

Interested parties can access the live webcast of the conference call through the Investor Relations section of the Company’s website, www.wesbanco.com.  Participants can also listen to the conference call by dialing 888-347-6607, 855-669-9657 for Canadian callers, or 412-902-4290 for international callers, and asking to be joined into the WesBanco call.  Please log in or dial in at least 10 minutes prior to the start time to ensure a connection.

A replay of the conference call will be available by dialing 877-344-7529, 855-669-9658 for Canadian callers, or 412-317-0088 for international callers, and providing the access code of 10150966.  The replay will begin at approximately 12:00 p.m. ET on January 27, and end at 12 a.m. ET on February 10.  An archive of the webcast will be available for one year on the Investor Relations section of the Company’s website (www.wesbanco.com).

About WesBanco, Inc.
Founded in 1870, WesBanco, Inc. (www.wesbanco.com) is a diversified and balanced financial services company that delivers large bank capabilities with a community bank feel.  Our distinct long-term growth strategies are built upon unique sustainable advantages permitting us to span six states with meaningful market share.  Built upon our ‘Better Banking Pledge’, our customer-centric service culture is focused on growing long-term relationships by pledging to serve all personal and business customer needs efficiently and effectively.  In addition to a full range of online and mobile banking options and a full-suite of commercial products and services, WesBanco provides trust, wealth management, securities brokerage, and private banking services through our century-old Trust and Investment Services department, with approximately $4.6 billion of assets under management (as of September 30, 2020).  WesBanco’s banking subsidiary, WesBanco Bank, Inc., operates 233 financial centers in the states of Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and West Virginia.  Additionally, WesBanco operates an insurance agency, WesBanco Insurance Services, Inc., and a full service broker/dealer, WesBanco Securities, Inc.

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SOURCE WesBanco, Inc.

DENVER, Jan. 6, 2021 /PRNewswire/ — Lumen Technologies (NYSE: LUMN) will release its fourth quarter 2020 results on Feb. 10, 2021. The company will broadcast a live conference call on its Investor Relations website at http://ir.lumen.com at 5 p.m. ET.

Additional information regarding the fourth quarter 2020 results, including the company’s earnings release, investor presentation, and related materials will be available on Lumen’s Investor Relations website. If you are unable to join the call via the web, the call can be accessed live at +1 877-283-5145 (U.S. Domestic) or +1 312-281-1201 (International).

The call will be archived and available as an audio replay on Lumen’s Investor Relations website starting at 7 p.m. ET on Feb. 10, until 6 p.m. ET on May 11, 2021. The replay can be accessed by dialing +1 800-633-8284 (U.S. Domestic) or +1 402-977-9140 (International), reservation code 21989194.

About Lumen Technologies

Lumen is guided by our belief that humanity is at its best when technology advances the way we live and work. With approximately 450,000 route fiber miles and serving customers in more than 60 countries, we deliver the fastest, most secure platform for applications and data to help businesses, government and communities deliver amazing experiences.

Learn more about the Lumen network, edge cloud, security, communication and collaboration solutions and our purpose to further human progress through technology at news.lumen.com, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies LLC in the United States. Lumen Technologies LLC is a wholly-owned affiliate of CenturyLink Inc. 

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SOURCE Lumen Technologies