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Concentra Group Holdings Parent Inc

21.46

-0.3000-1.38%

Volume:124.06K

Turnover:2.67M

Market Cap:2.75B

PE:16.48

High:21.65

Open:21.54

Low:21.33

Close:21.76

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Overview Company News Filings

Concentra Group Holdings Is Maintained at Buy by B of A Securities

Truist Financial Remains a Buy on Concentra Group Holdings Parent, Inc. (CON)

Concentra Group Holdings Parent, Inc. (CON) Receives a Buy from RBC Capital

Concentra Group Holdings: Strategic Acquisition and Strong Financial Outlook Support Buy Rating

Concentra Group Holdings Parent Inc : Bofa Global Research Raises Price Objective to $25 From $24

THOMSON REUTERS

Concentra Reports Preliminary Q4 Results; Signs Deal to Acquire Nova Medical Centers

MT Newswires Live

Concentra Announces Preliminary Q4 2024 Revenue Of $465M, Up 5.5%, Net Income $20.6M-$22.6M; FY24 Revenue $1.9B, Up 3.4%, Net Income $169.7M-$171.7M; Q4 Adjusted EBITDA Up 13.6% To $77.5M; FY Adjusted EBITDA Up 4.3% To $376.9M; Patient Visits Down 2.1%; CapEx $18.1M In Q4

Concentra reports preliminary Q4 revenue $465M, consensus $462.03M

Concentra Announces Preliminary 2024 Financial Results, Agreement to Acquire Nova Medical Centers, and 2025 Financial Guidance

THOMSON REUTERS

Concentra Group Holdings Parent Inc - 2025 Revenue Expected at Approximately $2.1 Billion

THOMSON REUTERS

Concentra Group Holdings Parent Inc FY2025 REV View $2.01 Bln -- Lseg Ibes Data

THOMSON REUTERS

Concentra Announces Preliminary 2024 Financial Results, Agreement To Acquire Nova Medical Centers, and 2025 Financial Guidance

Press Release: CON EDISON DECLARES COMMON STOCK DIVIDEND

Concentra Group Holdings Parent, Inc.'s (NYSE:CON) Earnings Are Not Doing Enough For Some Investors

Simply Wall St.

Concentra Expands to Northlake, Texas

AI Agent Hackathon Series Announced by Crypto AI:CON

Watts Water Buys I-CON Systems to Expand Digital Plumbing Solutions

Watts Water Technologies Buys I-CON Systems

MT Newswires Live

BRIEF-Watts Water Technologies, Inc. Acquires I-Con Systems

Watts Water Technologies, Inc. Acquires I-CON Systems

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The comp...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/blurbs/truist-financial-remains-a-buy-on-concentra-group-holdings-parent-inc-con-2?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/blurbs/truist-financial-remains-a-buy-on-concentra-group-holdings-parent-inc-con-2?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["CON","BK4185"],"gpt_icon":0},{"id":"2505091640","title":"Concentra Group Holdings Parent, Inc. 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Analysts surveyed by FactSet expect $21.1 million.The company also said it agreed to acquire Nova Medical Centers in a deal that values the occupational health services company at $265 million.Concentra said it expects 2025 revenue of roughly $2.1 billion, reflecting the proposed acquisition. Analysts polled by FactSet are looking for $2.01 billion.Shares of the company were down about 2% in after-hours activity.Price: 21.71, Change: -0.43, Percent Change: -1.94","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation,merge","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["CON","BK4185"],"gpt_icon":0},{"id":"2505472701","title":"Concentra Announces Preliminary Q4 2024 Revenue Of $465M, Up 5.5%, Net Income $20.6M-$22.6M; FY24 Revenue $1.9B, Up 3.4%, Net Income $169.7M-$171.7M; Q4 Adjusted EBITDA Up 13.6% To $77.5M; FY Adjusted EBITDA Up 4.3% To $376.9M; Patient Visits Down 2.1%; CapEx $18.1M In Q4","url":"https://stock-news.laohu8.com/highlight/detail?id=2505472701","media":"Benzinga","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2505472701?lang=en_us&edition=fundamental","pubTime":"2025-01-23 05:51","pubTimestamp":1737582684,"startTime":"0","endTime":"0","summary":"Fourth Quarter and Full Year 2024 Preliminary ResultsFor the fourth quarter 2024, Concentra expects to report:Revenue of $465.0 million, an increase of 5.5% over Q4 2023Net income in the range of $20.6 million to $22.6","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.benzinga.com/news/earnings/25/01/43146282/concentra-announces-preliminary-q4-2024-revenue-of-465m-up-5-5-net-income-20-6m-22-6m-fy24-revenue-","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["CON"],"gpt_icon":0},{"id":"2505016037","title":"Concentra reports preliminary Q4 revenue $465M, consensus $462.03M","url":"https://stock-news.laohu8.com/highlight/detail?id=2505016037","media":"TIPRANKS","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2505016037?lang=en_us&edition=fundamental","pubTime":"2025-01-23 05:40","pubTimestamp":1737582023,"startTime":"0","endTime":"0","summary":"“2024 was a transformative year for Concentra (CON) as we continued to focus on providing superior outcomes and exceptional experience to our patie...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/concentra-reports-preliminary-q4-revenue-465m-consensus-462-03m?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/concentra-reports-preliminary-q4-revenue-465m-consensus-462-03m?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4185","CON"],"gpt_icon":0},{"id":"2505960709","title":"Concentra Announces Preliminary 2024 Financial Results, Agreement to Acquire Nova Medical Centers, and 2025 Financial Guidance","url":"https://stock-news.laohu8.com/highlight/detail?id=2505960709","media":"THOMSON REUTERS","labels":["merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2505960709?lang=en_us&edition=fundamental","pubTime":"2025-01-23 05:30","pubTimestamp":1737581402,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250122:nTUA62NFCP:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"merge","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4185","CON"],"gpt_icon":0},{"id":"2505709950","title":"Concentra Group Holdings Parent Inc - 2025 Revenue Expected at Approximately $2.1 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=2505709950","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2505709950?lang=en_us&edition=fundamental","pubTime":"2025-01-23 05:30","pubTimestamp":1737581402,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250122:nTUA62NFCP:4","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["CON","BK4185"],"gpt_icon":0},{"id":"2505709947","title":"Concentra Group Holdings Parent Inc  FY2025 REV View $2.01 Bln -- Lseg Ibes Data","url":"https://stock-news.laohu8.com/highlight/detail?id=2505709947","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2505709947?lang=en_us&edition=fundamental","pubTime":"2025-01-23 05:30","pubTimestamp":1737581402,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250122:nTUA62NFCP:8","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4185","CON"],"gpt_icon":0},{"id":"2505709012","title":"Concentra Announces Preliminary 2024 Financial Results, Agreement To Acquire Nova Medical Centers, and 2025 Financial Guidance","url":"https://stock-news.laohu8.com/highlight/detail?id=2505709012","media":"Business Wire","labels":["corporation","merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2505709012?lang=en_us&edition=fundamental","pubTime":"2025-01-23 05:30","pubTimestamp":1737581400,"startTime":"0","endTime":"0","summary":"ADDISON, Texas, January 22, 2025----Concentra Group Holdings Parent, Inc.  , the nation’s largest provider of occupational health services, today released preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2024. Additionally, the Company announced the signing of a definitive agreement to acquire U.S. Occmed Holdings , an occupational health services company based in Houston, Texas, and provided the Company’s preliminary 2025 business outlook.\"2024 was a transformative year for Concentra as we continued to focus on providing superior outcomes and exceptional experience to our patients and customers. Concentra’s IPO in 2024 was an energizing development followed by two quarters of strong financial results,\" said Keith Newton, Concentra’s Chief Executive Officer. \"We are excited about the planned addition of Nova’s practices and colleagues to expand access to Concentra’s occupational health services and the overall growth prospects for our busi","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/concentra-announces-preliminary-2024-financial-213000962.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":"Concentra Announces Preliminary 2024 Financial Results, Agreement To Acquire Nova Medical Centers, and 2025 Financial Guidance","news_tag":"corporation,merge","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4185","CON"],"gpt_icon":0},{"id":"2504923612","title":"Press Release: CON EDISON DECLARES COMMON STOCK DIVIDEND","url":"https://stock-news.laohu8.com/highlight/detail?id=2504923612","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2504923612?lang=en_us&edition=fundamental","pubTime":"2025-01-17 05:30","pubTimestamp":1737063000,"startTime":"0","endTime":"0","summary":"NEW YORK, Jan. 16, 2025 /PRNewswire/ -- Consolidated Edison, Inc.   declared a quarterly dividend of 85 cents a share on its common stock, payable March 14, 2025 to stockholders of record as of February 19, 2025, an annualized increase of 8 cents over the previous annualized dividend of $3.32 a share.\"The 51st consecutive annual dividend increase for stockholders extends our record for the longest period of consecutive annual dividend increases of any utility in the S&P 500 index and reflects our continued emphasis on providing a return to our investors while delivering safe, reliable and resilient service to our customers during the clean energy transition,\" said Kirk Andrews, Con Edison's senior vice president and chief financial officer. The company continues to target a dividend payout ratio of between 55% and 65% of its adjusted earnings.","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4208","CON","LU2346227817.USD","BK4081","ED","LU2362541273.HKD","LU2362540622.SGD","LU0170899867.USD","IE00BMG7P694.USD","EIX","BK4585","IE00BMG7P587.USD","IE00BMG7P926.USD","LU2362541513.USD","BK4588","IE00BMG7P819.SGD","BK4185","LU2449327464.USD"],"gpt_icon":0},{"id":"2503715135","title":"Concentra Group Holdings Parent, Inc.'s (NYSE:CON) Earnings Are Not Doing Enough For Some Investors","url":"https://stock-news.laohu8.com/highlight/detail?id=2503715135","media":"Simply Wall St.","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2503715135?lang=en_us&edition=fundamental","pubTime":"2025-01-14 20:41","pubTimestamp":1736858504,"startTime":"0","endTime":"0","summary":"When close to half the companies in the United States have price-to-earnings ratios (or \"P/E's\") above 19x, you may...","market":"nz","thumbnail":"https://images.simplywall.st/asset/industry/6033000-choice1-main-header/1585186824821","type":0,"news_type":0,"thumbnails":["https://images.simplywall.st/asset/industry/6033000-choice1-main-header/1585186824821"],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://simplywall.st/stocks/us/healthcare/nyse-con/concentra-group-holdings-parent/news/concentra-group-holdings-parent-incs-nysecon-earnings-are-no","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"simplywall_highlight","symbols":["NYSE","CON","ISBC"],"gpt_icon":0},{"id":"2503091753","title":"Concentra Expands to Northlake, Texas","url":"https://stock-news.laohu8.com/highlight/detail?id=2503091753","media":"Business Wire","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2503091753?lang=en_us&edition=fundamental","pubTime":"2025-01-13 21:00","pubTimestamp":1736773200,"startTime":"0","endTime":"0","summary":"ADDISON, Texas, January 13, 2025----Concentra, the nation’s leader in occupational medicine, today announced the opening of a new medical center in Northlake, Texas. The medical center, Concentra Northlake Alliance, is conveniently located at 18303 IH35W, Northlake, Texas 76262.\"Alliance is a rapidly growing area with great potential for the DFW market,\" said Robert Hassett, DO, MPH, senior vice president of Concentra medical operations. \"Adding a medical center in Northlake enables us to support the growth of Alliance employers through our workforce health services.\". Concentra is the largest provider of occupational health services in the United States by number of locations, with the mission of improving the health of America's workforce, one patient at a time. Our 11,000 colleagues and affiliated physicians and clinicians support the delivery of an extensive suite of services, including occupational and consumer health services and other direct-to-employer care, to more than 50,000","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/concentra-expands-northlake-texas-130000957.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4185","CON"],"gpt_icon":0},{"id":"2502377067","title":"AI Agent Hackathon Series Announced by Crypto AI:CON","url":"https://stock-news.laohu8.com/highlight/detail?id=2502377067","media":"BE[IN]CRYPTO","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2502377067?lang=en_us&edition=fundamental","pubTime":"2025-01-09 16:10","pubTimestamp":1736410231,"startTime":"0","endTime":"0","summary":"Last year, Lunar Strategy launched Crypto AI:CON, which made waves in the emerging Crypto + AI narrative in the year that was.The conference was Lisbon’s largest Crypto AI-focused conference with key industry players like DFINITY, Privasea, Humanity Protocol, Hybrid, Cookie3, ICN, and more speaking about the frontiers of the tech.It brought together 1,250+ attendees from over 50 countries, with 75 industry-leading speakers, and 70+ ecosystem partners. The buzz around the event drove 7M+ impressions across social media and 2M+ in media coverage, including CoinTelegraph, BeInCrypto, Portugal News, and more. It wasn’t just a conference about AI and Crypto — it was a mapping of where both these industries stand and about their convergence.Crypto AI:CON is back in full gear, not just with another conference, but with a lineup of its latest initiative: the AI Agent Hackathon Series. This series aims to bridge the physical and virtual worlds, combining in-person networking with the accessibil","market":"us","thumbnail":"https://beincrypto.com/wp-content/uploads/2025/01/image-1-2-850x484.png","type":0,"news_type":0,"thumbnails":["https://beincrypto.com/wp-content/uploads/2025/01/image-1-2-850x484.png"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://beincrypto.com/ai-agent-hackathon-series-announced-by-crypto-aicon/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"beincrypto_highlight","symbols":["APT.USD.CC","TON.USD.HKCC","RNDR.USD.HKCC","APT.USD.HKCC","TON.USD.CC","CON","BK4185"],"gpt_icon":0},{"id":"2501978795","title":"Watts Water Buys I-CON Systems to Expand Digital Plumbing Solutions","url":"https://stock-news.laohu8.com/highlight/detail?id=2501978795","media":"Zacks","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2501978795?lang=en_us&edition=fundamental","pubTime":"2025-01-07 22:00","pubTimestamp":1736258400,"startTime":"0","endTime":"0","summary":"Watts Water Technologies, Inc. WTS recently acquired I-CON Systems Inc. , a top provider of plumbing control solutions catering primarily to the corrections market. The acquisition, funded entirely with cash on hand, fosters WTS’ vision to drive innovation, digitalization and market expansion. The company aims to expand its digital offerings and tap into the correctional niche of the institutional market.With estimated annualized sales revenues of $25 million, I-CON specializes in providing vandal-proof, cost-effective and innovative water management systems tailored to the unique needs of correctional facilities. I-CON's premium water management systems and digital plumbing controls are likely to strengthen Watts Water’s portfolio, enabling the company to provide more comprehensive solutions to institutional clients.The deal is expected to contribute positively to WTS’ revenue stream, allowing the company to diversify its market presence and meet the evolving needs of its customers wi","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/watts-water-buys-con-systems-140000827.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4512","LU1046421795.USD","SG9999015945.SGD","SG9999015986.USD","LU1035775433.USD","LU1823568750.SGD","LU2023250504.SGD","LU1069344957.HKD","WTS","LU0061475181.USD","SG9999015952.SGD","BK4532","LU1261432733.SGD","BK4023","UI","BK4527","LU0323239441.USD","BK4561","LU2106854487.HKD","LU1974910355.USD","LU2247934214.USD","BK4588","BK4534","QCOM","IE00BSNM7G36.USD","LU1917777945.USD","IDCC","CON","LU1084165304.USD","BK4161","BK4581","GB00BDT5M118.USD","BK4573","LU0868494617.USD","BK4141","BK4575","BK4579","BK4020","SG9999015978.USD","BK4554","LU1119994496.HKD","SG9999001424.SGD","BK4585","BK4515","LU0323240290.USD","LU0079474960.USD"],"gpt_icon":1},{"id":"2501565722","title":"Watts Water Technologies Buys I-CON Systems","url":"https://stock-news.laohu8.com/highlight/detail?id=2501565722","media":"MT Newswires Live","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2501565722?lang=en_us&edition=fundamental","pubTime":"2025-01-06 23:27","pubTimestamp":1736177243,"startTime":"0","endTime":"0","summary":"Watts Water Technologies  acquired I-CON Systems, a plumbing control solutions provider with annualized sales of $25 million, for an undisclosed price.The acquisition of Oviedo Florida-based I-CON, which focuses on the correctional market, was made with cash on hand, Watts said Monday in a statement.Price: 202.88, Change: -0.30, Percent Change: -0.15","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["CON","BK4161","LU0323240290.USD","WTS","LU0323239441.USD","BK4185"],"gpt_icon":0},{"id":"2501125821","title":"BRIEF-Watts Water Technologies, Inc. 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ACQUIRES I-CON SYSTEMSSource text:    Further company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"corporation,merge","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU0323239441.USD","CON","LU0323240290.USD","BK4161","BK4185","WTS"],"gpt_icon":0},{"id":"2501372842","title":"Watts Water Technologies, Inc. Acquires I-CON Systems","url":"https://stock-news.laohu8.com/highlight/detail?id=2501372842","media":"Business Wire","labels":["corporation","merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2501372842?lang=en_us&edition=fundamental","pubTime":"2025-01-06 22:00","pubTimestamp":1736172000,"startTime":"0","endTime":"0","summary":"NORTH ANDOVER, Mass., January 06, 2025----Watts Water Technologies, Inc.,   – through its subsidiaries, one of the world’s leading manufacturers and providers of plumbing, heating and water quality products and solutions – today announced that it has acquired I-CON Systems Inc. , a leading provider of plumbing control solutions primarily for the corrections market. I-CON’s annualized sales are approximately $25 million. The acquisition was funded with cash on hand.Chief Executive Officer Robert J. Pagano Jr. commented, \"We are excited to welcome the I-CON team to Watts. This acquisition is consistent with our established strategy and further positions Watts for growth. The addition of I-CON’s innovative water management systems will allow us to expand our digital offerings and provide growth opportunities in the correctional niche of the institutional market. I want to thank the teams at Watts and I-CON for their efforts to get us to closing today and helping to ensure a smooth, 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