Both its sales and earnings grew by about 4 percent over the year-ago period, beating Wall Street’s estimations.
Manufacturing
He added that the layoffs were “very unexpected.”
Brooklyn Park-based Mocon had $63 million in sales last year.
The company is planning an $11 million expansion and expects to have 70 employees working by the end of the year.
The paint manufacturer shopped away the business unit in a move to receive regulatory approval for its $11.3 billion merger with Sherwin-Williams.
The metal products manufacturer expects the $5.2 million relocation will create a demand for 15 additional employees.
The company will soon launch a subsidiary geared toward low-cost carbon fiber production.
Dental workers were some of the earliest adopters of 3D printing technology.
The manufacturing company’s largest acquisition was in June 2015 when it paid $2.5 billion for a local maker of safety products.
If approved, the new facility is expected to create more than 1,000 jobs—but the city is already struggling to attract workers.
The Duluth-based company continued its streak of selling over 300 aircraft in a single year.
To date, the Minneapolis-based watchmaking company has raised well over $330,000 from thousands of backers through Kickstarter.
The threat of a labor lockout and strike pushed both parties to agree on the addition of paid sick days and pay raises, but a limitation on health care assistance.
The industrial supplies manufacturer edged past Wall Street expectations, beating earnings per share estimates by a penny.
The company's net income for fiscal 2016 was half that of the previous year.
Both sides return to the negotiation table Tuesday in hopes of landing a contract agreement before it expires next week.
DiSantis will take over the paper company on February 1.
With over 70 patents to his name, Kruger’s contributions to 3M helped spur over $1 billion in new product sales.