Konecranes Annual Report 2016 GROWTH

Total Page:16

File Type:pdf, Size:1020Kb

Konecranes Annual Report 2016 GROWTH Konecranes Annual Report 2016 GROWTH As the result of our acquisition of Terex’s Material Handling & Port Solutions segment, Konecranes will achieve substantial growth opportunities in the service business as well as critical scale for further technological development. Our recent investments in business The moment has arrived to infrastructure and global footprint consolidate Konecranes’ key optimization will also provide strengths, clarify where the significant earnings leverage. CONTENTS FINANCIAL STATEMENTS 2016 greatest potential lies, and 2 Konecranes in a snapshot 60 Report of the Board of Directors assert a new stage on which 4 2016 highlights 71 Consolidated statement of income – IFRS to build progress. 6 CEO's letter 72 Consolidated balance sheet – IFRS ENVIRONMENT 8 Company narrative 74 Consolidated statement of changes in equity – IFRS Konecranes and MHPS Consolidated cash flow statement – IFRS A foundation for the future. There can be no solid future unless 9 75 10 Business environment 76 Notes to the consolidated financial statements we take care of our people and 12 Business Area Service 115 Konecranes Group 2012–2016 The company has been poised the environment. Recent employee 15 Business Area Equipment 116 Calculation of key figures for change for some time, a satisfaction and company culture 18 Regional fact & figures 117 Company list situation which has bred both surveys have been highly positive, 19 Research & Development 120 Parent company statement of income – FAS agility and the capacity to with development points now mapped 22 Core of Lifting 121 Parent company cash flow – FAS work under pressure. Change out. We have also set targets for ISO 24 Product overview 122 Parent company balance sheet – FAS always brings opportunities, implementation and energy efficiency, 27 Corporate responsibility 124 Notes to the parent company’s financial statements but can also represent developed Environmental Product 36 GRI content index 127 Board of Directors’ proposal to the Annual General Meeting uncertainty. It’s time to Declarations, and launched our 38 Corporate Governance 128 Auditor’s report remove the question marks circular economy program. 46 Risk management, internal control, 131 Shares and shareholders and internal auditing – Konecranes’ business 136 Investor information 54 Board of Directors transformation is now more 137 Contact details 56 Group Executive Board fully realized than ever. 58 Senior Management ORGANIZATION Our organizational changes serve as This publication is for general informational purposes only. Konecranes reserves the right at any time, without notice, to the foundation for increased efficiency, alter or discontinue the products and/or specifications referenced herein. This publication creates no warranty on the part of lower fixed costs, and increased sales. Konecranes, express or implied, including but not limited to any implied warranty or merchantability or fitness for a particular Replacing our matrix organization with purpose. a line-based approach has provided © 2017 Konecranes. All rights reserved. ‘Konecranes’, ‘Lifting Businesses’, , ‘SMARTON’, ‘TRUCONNECT’, ‘Agilon’, clearer accountability. In addition, ‘BOXHUNTER’, 'BOXPORTER', ‘CXT’, ‘UNO’ and ‘UNITON’ are either registered trademarks or trademarks of Konecranes. business benefits are being realized in the organization owing to the new IT systems implemented under oneKONECRANES. KONECRANES IN A SNapshOT Specialized products and services through a multi-brand portfolio A market One of the Industry- leader leading in industrial cranes and largest components, as well suppliers of port cranes technology Business Area Service as crane service and lift trucks and global modular product platforms With 600 service locations in 50 countries, TRUCONNECT can include access to operating Konecranes offers, through a global service data, abnormal usage alerts, and remote technical network, specialized maintenance and moderniza- support. tion services for all types and makes of industrial cranes, hoists, and port equipment. Market position Konecranes is the market leader in crane service, Products with the world’s most extensive crane service EUR 2,118 The extensive Konecranes service offering network. 11,000 13 million employees in 2016 countries with includes inspections, preventive maintenance production facilities programs, remote and on-call service, repairs and Service contract base of net sales in 2016 improvements, spare parts, modernizations, and a More than 460,000 pieces of equipment are variety of consultation services. covered by Konecranes service agreements. The TRUCONNECT Remote Service connects majority of this equipment has been manufactured data, machines, and people to help businesses by other companies; Konecranes can provide identify maintenance and performance issues expert maintenance for any brand of equipment before they affect safety, productivity, or revenue. from any manufacturer. Sales and service Listed on locations in Head office in 50 Finland Nasdaq countries Helsinki Business Area Equipment Konecranes offers components, cranes, and Konecranes Agilon is a patented materials material handling solutions for a wide range of management solution for managing, storing, customers, including process industries, the picking, and replenishing components that offer nuclear sector, industries handling heavy loads, improved efficiency in material handling. container handling, intermodal terminals, ship- yards, and bulk material terminals. Products are Market position marketed through a multi-brand portfolio, that Konecranes is one of the world’s largest suppliers Sales by Business EBIT by Business Personnel by Business includes Konecranes and the group’s power of industrial cranes. It is also a global leader in Area, 2016 Area, 2016* Area, 2016 brands: SWF Krantechnik, Verlinde, R&M, Morris electrical overhead traveling cranes for process Crane Systems, and SANMA Hoists & Cranes. industries and shipyard gantry cranes, and a 44% 68% 55% prominent global supplier of cranes and lift trucks Products for container handling, heavy unitized cargo, and Our product range comprises industrial cranes and bulk material unloading. 32% workstation lifting systems, including components such as wire rope hoists and electric chain hoists. Annual production In addition, we offer nuclear cranes, container and We produce thousands of industrial cranes bulk handling equipment, shipyard cranes, and lift annually, tens of thousands of wire rope hoists 45% trucks. The product offering features a number of and trolleys and electric chain hoists, as well as 56% advanced technologies, such as automation and hundreds of heavy-duty cranes and heavy-duty lift smart features, including sway control, load posi- trucks. tioning, and shock load prevention. Equipment 1,231.1 MEUR Equipment 51.5 MEUR Equipment 4,893 Service 968.0 MEUR Service 110.9 MEUR Service 5,998 * Excluding adjustments 2 Konecranes Annual Report 2016 Konecranes Annual Report 2016 3 2016 HIGhlIGHTS 6.6% 1,038 29.1% adjusted operating margin MEUR order book gearing in 2016. in 2016. in 2016. Sales/orders, MEUR Adjusted EBIT, MEUR/ Order book, MEUR Adjusted EBIT margin, % Sales remained at previous year’s closed on January 4, 2017. This acquisition will 140.8 2,171.5 1,970.1 138.3 1,036.5 1,038.0 2,126.2 1,965.5 2,118.4 1,920.7 2,099.6 1,920.8 979.5 2,011.4 1,903.5 level while profitability improved prove crucial to improving our position as a global 942.7 893.5 119.1 117.7 • Business Area Equipment order intake declined partner in services, industrial lifting, and port 115.5 slightly in 2016, but its Port Cranes business solutions. Furthermore, this addition enables us 6.6 unit had another strong year as it received to realize a long list of synergies, opens up new 6.4 5.9 5.5 an order from Virginia Port Authority for 86 growth opportunities in the service business, and 5.5 Automated Stacking Cranes in November. creates critical mass for future technology deve- The value of the contract exceeded EUR 200 lopment. million, making this the largest deal ever won by • In December, Konecranes signed the divestment 12 13 14 15 16 12 13 14 15 16 12 13 14 15 16 Konecranes. The Business Area Service order of its STAHL CraneSystems business. The intake decreased from the previous year, due divestment relates to the European Commission's Sales Adjusted EBIT, MEUR to certain markets suffering from commodity approval of Konecranes' acquisition of Terex Order intake Adjusted EBIT margin, % sectors and closure of certain underperforming Corporation's MHPS business. The selling price operations, as it prioritized efficiency over was EUR 224 million. growth. The Group order intake decreased by • In September, we announced that Konecranes and 2.3 percent on a year-on-year basis. Kito Corporation (“Kito”) have decided to dissolve Earnings & dividend Return on equity, % ROCE, %/ • Konecranes order book, as of the end of the the strategic alliance signed between the compa- per share, EUR Adjusted ROCE, % year, stood 0.1 percent higher than in 2015. nies in 2010. Konecranes received approximately • Net sales decreased by 0.4 percent compared EUR 48 million from the sale of its Kito shares. 18.4 19.2 1.47 19.2 1.05 10.3 to 2015, due to negative currency rate changes. • Our new operating model based on direct product 18.8 17.0 17.4 9.5 17.2 16.7 • Adjusted operating margin improved to 6.6 line organization and P&L responsibilities became 1.28 1.05 11.6 15.6 0.53 1.05 0.64 1.05* 1.05 percent of sales.
Recommended publications
  • U.S. Corporate Scores 2018
    01 DISCLOSURE INSIGHT ACTION U.S. CORPORATE SCORES 2018 02 CORPORATE DISCLOSURE TO INVESTORS IN NORTH AMERICA 124 9 28 510 63 192 CONTENTS 03 04 CDP scoring methodology 2018 06 The A-List: North America 08 Corporate scores 34 Appendix I: CDP Activity classification system (cdp-acs) 40 Appendix II: Investor Members and Signatories 46 Appendix III: CDP Supply Chain Members Important Notice The contents of this report may be used by anyone providing acknowledgment is given to CDP. This does not represent a license to repackage or resell any of the data reported to CDP or the contributing authors and presented in this report. If you intend to repackage or resell any of the contents of this report, you need to obtain express permission from CDP before doing so. CDP has prepared the data and analysis in this report based on responses to the CDP 2018 information request. No representation or warranty (express or implied) is given by CDP as to the accuracy or completeness of the information and opinions contained in this report. You should not act upon the information contained in this publication without obtaining specific professional advice. To the extent permitted by law, CDP does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this report or for any decision based on it. All information and views expressed herein by CDP are based on their judgment at the time of this report and are subject to change without notice due to economic, political, industry and firm-specific factors.
    [Show full text]
  • Fund Semi-Annual Report
    Semiannual Report June 30, 2019 (Unaudited) NVIT S&P 500 Index Fund Contents Message to Investors 1 Fund Overview 3 Financial Statements 13 Notes to Financial Statements 19 Supplemental Information 33 Management Information 36 Market Index Definitions 41 SAR-SPX 8/19 Nationwide Funds® Commentary in this report is provided by the portfolio manager(s) of each Fund as of the date of this report and is subject to change at any time based on market or other conditions. Third-party information has been obtained from sources that Nationwide Fund Advisors (NFA), the investment adviser to the Funds, deems reliable. Portfolio composition is accurate as of the date of this report and is subject to change at any time and without notice. NFA, one of its affiliated advisers or its employees may hold a position in the securities named in this report. This report and the holdings provided are for informational purposes only and are not intended to be relied on as investment advice. Investors should work with their financial professional to discuss their specific situation. Statement Regarding Availability of Quarterly Portfolio Holdings The Trust files complete schedules of portfolio holdings for each Fund with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year on Form N-PORT. Additionally, the Trust files a schedule of portfolio holdings monthly for the NVIT Government Money Market Fund on Form N-MFP. Forms N-PORT and Forms N-MFP are available on the SEC’s website at sec.gov. Forms N-PORT and Forms N-MFP may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC, and information on the operation of the Public Reference Room may be obtained by calling 800-SEC-0330.
    [Show full text]
  • TEREX CORPORATION (Exact Name of Registrant As Specified in Its Charter)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2018 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-10702 TEREX CORPORATION (Exact name of registrant as specified in its charter) Delaware 34-1531521 (State of Incorporation) (IRS Employer Identification No.) 200 Nyala Farm Road, Westport, Connecticut 06880 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (203) 222-7170 Securities registered pursuant to Section 12(b) of the Act: COMMON STOCK, $.01 PAR VALUE (Title of Class) NEW YORK STOCK EXCHANGE (Name of Exchange on which Registered) Securities registered pursuant to Section 12(g) of the Act: NONE Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YES x NO o Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Act. YES o NO x Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Joseph Arena
    The Little Car that Did Nothing Right: the 1972 Lordstown Assembly Strike, the Chevrolet Vega, and the Unraveling of Growth Economics Thesis Presented in Partial Fulfillment of the Requirements for the Degree Master of Arts in the Graduate School of the Ohio State University By By Joseph A. Arena, B.A. History, Graduate Program The Ohio State University 2009 Thesis Committee Kevin Boyle, Advisor Paula Baker Mansel Blackford Copyright by Joseph A. Arena 2009 Abstract In March 1972, the United Automobile Workers (UAW) struck for eighteen days at the General Motors (GM) assembly complex in Lordstown, Ohio. Previous historical studies have focused on the origins of labor-management conflict at the factory. Drawing upon documents from the UAW’s archives, the business press, and automotive industry trade publications, this thesis contextualizes the strike by linking shop floor conditions with GM’s business strategy, the Nixon administration’s economic policy, and working class life in the Mahoning Valley. The UAW and GM saw the Chevrolet Vega, manufactured at Lordstown, as the domestic industry’s best response to import competition. But bureaucratic imperatives, especially within GM’s management structure, encouraged a series of confrontations between the company and union that culminated in the strike and undermined the Vega’s viability. The thesis expands our understanding of an iconic moment in American labor history and illuminates the ongoing problems confronting the U.S. automobile industry. ii Dedicated to My Mother and Father iii Acknowledgements No historian works alone. The staffs of the Ohio State University Libraries and the State of Ohio Historical Society assisted in procuring materials.
    [Show full text]
  • COMPANY COMPANY2 STREET CITY STATE ZIP Cloverdale
    COMPANY COMPANY2 STREET CITY STATE ZIP Cloverdale Healthcare Inc Cloverdale Manor 412 W Cloverdale Rd Scottsboro AL 35768 Lozier Corporation 401 TAYLOR STREET SCOTTSBORO AL 35768 Lowes Home Centers Inc 481 130 Cox Creek Pkwy S Florence AL 35630 Wenzel Metal Spinning Inc Scottsboro Industrial Par Scottsboro AL 35768 Ajax Tocco Magnethermic Corp Tim Stracener 1506 Industrial Blvd Boaz AL 35957 Lowes Home Centers Inc 606 2671 Ross Clark Cir Dothan AL 36301 Monarch Steel of Alabama Inc 1425 Red Hat Rd Decatur AL 35601 Lowes Home Centers Inc 1726 5291 Highway 280 Birmingham AL 35242 Dothan-Hostn Cty Mntl Retardation Bd. Inc. Vaughn Blumberg Center 2715 Flynn Rd Dothan AL 36303 Meridian Rail Acquisition Greenbrier Rail Services 1200 Corporate Dr Ste 450 Birmingham AL 35242 J L S International Inc 24063 County Road 71 Robertsdale AL 36567 Proshot Concrete Inc 4158 Musgrove Dr Florence AL 35630 Lowes Home Centers Inc 313 1717 Cherokee Ave SW Cullman AL 35055 Utility Trailer Mfg Co HWY 84 & 84 BYP ENTERPRISE AL 36330 Coca-Cola Bottling Co. Consolidated Coca-Cola 4530 Starkey Dr Florence AL 35630 Rainsville Technology Inc Jeremy Lasseter 189 RTI DRIVE Rainsville AL 35986 E & H Steel Corporation 3635 E Hywy 134 Midland City AL 36350 Crowne Investments Inc Parkwood Healthcare Facility 3301 Stadium Dr Phenix City AL 36867 Terex Utilities 4120 Lewisburg Rd Birmingham AL 35207 Ggnsc Winfield LLC 144 County Hghway 14 Winfield AL 35594 Pemco Corporation 100 Pemco Dr Leesburg AL 35983 Hart & Cooley Inc 4910 Moores Mill Rd Huntsville AL 35811 National Healthcare
    [Show full text]
  • TEREX CORPORATION (Exact Name of Registrant As Specified in Its Charter)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-10702 TEREX CORPORATION (Exact name of registrant as specified in its charter) Delaware 34-1531521 (State of Incorporation) (IRS Employer Identification No.) 200 Nyala Farm Road, Westport, Connecticut 06880 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (203) 222-7170 _______________________________________________________________ Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered COMMON STOCK, $.01 PAR VALUE TEX New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: NONE Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Act. Yes ☐ No ☒ Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • Companies That Used Asbestos
    Companies that Used Asbestos All these companies have used asbestos in their products and are responsible for causing mesothelioma. If you do not know how you got mesothelioma, we will use this list to help us find out. If you see any companies on this list that you worked for, or used their products on the job or at home, please make note of it. Asbestos Compensation Trust These companies declared bankruptcy and were required to set up funds to pay people who got mesothelioma from their products. Many of these companies are still in business. Their asbestos compensation trusts are there for the sole purpose of compensating people like you. A • Harbison-Walker Entities • A&I Corporation • Hercules Chemical Company, Inc. • ABB Lummus Global, Inc. • H.K. Porter Company, Inc. • A-Best Products Company I • A.P. Green Industries (“APG”) • Johns-Manville • Armstrong World Industries, Inc. • J.T. Thorpe Company • ARTRA Group, Incorporated • J.T. Thorpe, Inc. • ASARCO, LLC K B • Kaiser Aluminum & Chemical Corporation • Babcock & Wilcox Company • Keene Corporation • Brauer Supply Company • Kellogg, Brown & Root • Burns and Roe • Kentile Floors C L • CAPCO Pipe Company, Inc. • Leslie Controls, Inc. • Carey Canada, Inc. M • Celotex Corporation • MacArthur Company • C.E. Thurston & Sons, Inc. • Metex Manufacturing Corporation • Christy Refractories Company • Motors Liquidation Company • Combustion Engineering, Inc. N • Congoleum Plan Trust • National Gypsum Company E • North American Refractories Company • Eagle-Picher Industries, Inc. (“NARCO”) F O • Federal-Mogul Corporation • Owens Corning • Federal-Mogul Products, Inc. P • Felt Products Manufacturing, Co. • Plant Insulation Company • Ferodo America, Inc. • Plibrico Entities • Fibreboard Corporation • Porter Hayden Company • Flexitallic Gasket Company Q • Flintkote Company • Quigley Company, Inc.
    [Show full text]
  • Eligible Company List - Updated 2/1/2018
    Eligible Company List - Updated 2/1/2018 S10009 3 Dimensional Services Rochester Hills, MI Supplier Employees Only S65830 3BL Media LLC North Hampton, MA Supplier Employees Only S69510 3D Systems Rock Hill, SC Supplier Employees Only S65364 3IS Inc Novi, MI Supplier Employees Only S70521 3R Manufacturing Company Goodell, MI Supplier Employees Only S61313 7th Sense LP Bingham Farms, MI Supplier Employees Only D18911 84 Lumber Company Eighty Four, PA DCC Employees Only S42897 A & S Industrial Coating Co Inc Warren, MI Supplier Employees Only S73205 A and D Technology Inc Ann Arbor, MI Supplier Employees Only S57425 A G Manufacturing Harbour Beach, MI Supplier Employees Only S01250 A G Simpson (USA) Inc Sterling Heights, MI Supplier Employees Only F02130 A G Wassenaar Denver, CO Fleet Employees Only S80904 A J Rose Manufacturing Avon, OH Supplier Employees Only S19787 A OK Precision Prototype Inc Warren, MI Supplier Employees Only S62637 A Raymond Tinnerman Automotive Inc Rochester Hills, MI Supplier Employees Only S82162 A Schulman Inc Fairlawn, OH Supplier Employees Only S78336 A T Kearney Inc Chicago, IL Supplier Employees Only D80005 A&E Television Networks New York, NY DCC Employees Only S64720 A.P. Plasman Inc. Fort Payne, AL Supplier Employees Only S36205 AAA National Office (Only EMPLOYEES Eligible) Heathrow, FL Supplier Employees Only S31320 AAF McQuay Inc Louisville, KY Supplier Employees Only S14541 Aarell Process Controls Group Troy, MI Supplier Employees Only F05894 ABB Inc Cary, NC Fleet Employees Only S10035 Abbott Ball Co
    [Show full text]
  • Focus. Simplify. Execute to Win
    TEREX CORPORATION TEREX | 2016 ANNUAL | 2016 REPORT Focus. Simplify. Execute To Win. 2016 ANNUAL REPORT The Terex Way—The Value and Beliefs That Guide Our Actions and Behaviors INTEGRITY Integrity reflects honesty, ethics, transparency and accountability. We are committed to maintaining high ethical standards in all of our business dealings. RESPECT Respect incorporates concern for safety, health, teamwork, diversity, inclusion and performance. We treat all our team members, customers and suppliers with respect and dignity. IMPROVEMENT Improvement encompasses quality, problem-solving systems, a continuous improvement culture and collaboration. We continuously search for new and better ways of doing things, focusing on continuous improvement and the elimination of waste. SERVANT LEADERSHIP Servant leadership requires service to others, humility, authenticity and leading by example. We work to serve the needs of our customers, investors and team members. COURAGE Courage entails willingness to take risks, responsibility, action and empowerment. We have the courage to make a difference even when it is difficult. CITIZENSHIP Citizenship means social responsibility and environmental stewardship. We comply with all laws and we respect all peoples’ values and cultures and are good global, national and local citizens. FOCUS THE PORTFOLIO Taking Action: FOCUS • Completed sale of Material Handling & Port Solutions segment • Completed sale of German Compact Construction business SIMPLIFY THE COMPANY Taking Action: STRATEGY SIMPLIFY • Reduced segments from five to three • Executing footprint rationalization • Reducing administrative cost structure EXECUTE TO WIN EXECUTE Strengthen Core Management Processes: • Strategy development TO WIN • Talent management • Operational execution • Drive greater accountability and process discipline 1 “ We are transforming Terex by executing a strategy based on three cross-cutting themes: Focus, Simplify and Execute To Win.” John L.
    [Show full text]
  • ALLISON TRANSMISSION HOLDINGS, INC. (Exact Name of Registrant As Specified in Its Charter)
    Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2012 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 001-35456 ALLISON TRANSMISSION HOLDINGS, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 26-0414014 (State of Incorporation) (I.R.S. Employer Identification Number) One Allison Way Indianapolis, IN 46222 (Address of Principal Executive Offices and Zip Code) (317) 242-5000 (Registrant’s Telephone Number, Including Area Code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common Stock, $0.01 par value New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ¨ No x Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ¨ No x Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • 2018-Proxy-Statement.Pdf
    Letter to our Shareholders March 28, 2018 Dear Arconic Shareholders: You are cordially invited to attend the 2018 Annual Meeting of Shareholders of Arconic Inc. to be held on Wednesday, May 16, 2018, at 9:00 a.m. Eastern Time, at Lotte New York Palace Hotel, 455 Madison Avenue, New York, NY 10022. We are pleased to present you with our 2018 Proxy Statement, which represents our continual commitment to transparency, good governance and performance-based executive compensation, and reflects the input we have received during dialogue with our investors. At the 2018 Annual Meeting, shareholders will vote on the matters set forth in the 2018 Proxy Statement and the accompanying notice of the annual meeting. Highlights of the detailed information included in the proxy statement can be found in the “Proxy Summary” starting on page 1. Your vote is very important. Whether or not you will attend the meeting, we hope that your shares are represented and voted. In advance of the meeting on Wednesday, May 16, 2018, please cast your vote through the Internet, by telephone or by mail. Instructions on how to vote are found in the section entitled “Proxy Summary—How to Cast Your Vote” on page 1. Thank you for being a shareholder of Arconic. We look forward to seeing you at the meeting. Sincerely, John C. Plant Charles “Chip” Blankenship Chairman of the Board Chief Executive Officer Notice of 2018 Annual Meeting of Shareholders Wednesday, May 16, 2018 Lotte New York Palace Hotel 9:00 a.m. Eastern Time 455 Madison Avenue New York, NY 10022 The Annual Meeting of Shareholders of Arconic Inc.
    [Show full text]
  • PORTFOLIO of INVESTMENTS – As of April 30, 2021 (Unaudited)
    PORTFOLIO OF INVESTMENTS – as of April 30, 2021 (Unaudited) Natixis Sustainable Future 2045 Fund ________________________________Shares Description ____________________________________________________________ Value (†) Common Stocks – 55.3% of Net Assets Aerospace & Defense – 1.0% 21 Axon Enterprise, Inc.(a) $ 3,184 201 Boeing Co. (The)(a) 47,096 69 General Dynamics Corp. 13,126 6 L3Harris Technologies, Inc. 1,255 30 Moog, Inc., Class A 2,597 76 Raytheon Technologies Corp. ______________6,326 ______________73,584 Air Freight & Logistics – 0.6% 329 Expeditors International of Washington, Inc. 36,144 42 United Parcel Service, Inc., Class B ______________8,562 ______________44,706 Airlines – 0.2% 15 Alaska Air Group, Inc.(a) 1,037 80 Delta Air Lines, Inc.(a) 3,754 325 JetBlue Airways Corp.(a) ______________6,617 ______________11,408 Auto Components – 0.2% 12 Aptiv PLC(a) 1,726 17 BorgWarner, Inc. 826 220 Dana, Inc. 5,566 27 Visteon Corp.(a) ______________3,289 ______________11,407 Automobiles – 0.4% 434 General Motors Co.(a) 24,834 31 Thor Industries, Inc. ______________4,389 ______________29,223 Banks – 2.8% 80 Ameris Bancorp 4,327 144 BancorpSouth Bank 4,261 886 Bank of America Corp. 35,910 438 Citigroup, Inc. 31,203 137 Citizens Financial Group, Inc. 6,340 12 Comerica, Inc. 902 74 Cullen/Frost Bankers, Inc. 8,884 54 Fifth Third Bancorp 2,189 253 Fulton Financial Corp. 4,314 96 Huntington Bancshares, Inc. 1,471 135 International Bancshares Corp. 6,398 190 KeyCorp 4,134 35 M&T Bank Corp. 5,519 224 People's United Financial, Inc. 4,061 82 PNC Financial Services Group, Inc. (The) 15,330 219 Regions Financial Corp.
    [Show full text]