Boston, MA 05/21/2014 (wallstreetpr) – For a good reputation, RELM Wireless Corporation (NYSEMKT:RWC) continues to attract business from high-profile customers. And the CEO David Storey says the company is ready to attract more businesses. The company recently landed a $1.4 million order from a federal government law enforcement agency. The order involves the supply of radio communication solution, and RELM expects to fulfill the order in the current quarter.
The company believes that the federal government order will expand its opportunities among more federal, state and municipal customers. In the meantime, RELM Wireless Corporation (NYSEMKT:RWC) continues to improve its capacity and product quarter to not only meet, but also exceed the expectation of its existing and potential customers.
RELM Wireless Corporation (NYSEMKT:RWC) recently reported positive 1Q that the CEO said signaled an encouraging start in 2014.
Westlake Chemical Corporation (NYSE:WLK) has announced a dividend award of 13 cents per share that is payable to shareholders on June 17. The latest dividend will capture investors of record as of May 30. The dividend market the 39th consecutive quarterly dividend that the company has paid to its shareholders since IPO in August 2004.
The company intends to separate its ethylene production business in an initial public offering. The spun off business will have three facilities that convert natural gas liquids into ethylene and a pipeline as its backbone assets. The spun off Master Limited Partnership will have asset value of $2.1 billion.
The planned spinoff comes at a time when Westlake Chemical Corporation (NYSE:WLK) continues to experience performance improvement. The company recently reported its 1Q2014 results that showed EPS of $1.18 against the consensus of $1.13. Revenue in the quarter was strong at $1.03 billion, ahead of the consensus estimate of $975.86 million.
Internal improvements at AmeriGas Partners, L.P. (NYSE:APU) are winning the hearts of Wall Street analysts. The stock recently earned a “buy” rating from UBS AG that also improved their price objective on the stock from $48 to $49 per share. The company recently posted revenue figures that exceeded Wall Street expectation in its 2Q2014.
