Ternium (TX) versus Ossen Innovation (OSN) Head to Head Review | Welded Carbon Steel Pipe

In 2018, Power Generation revenue amounted to €289 million, down 29.2% year-on-year (down 27.6% at constant exchange rates) with conventional power generation sales significantly down compared to 2017, due to a decline in demand from conventional Powergen industry, most notably in Asia, as well as a low level of deliveries in nuclear applications. The Group closed end of 2018 the finishing line for tubes dedicated to conventional power plants in Saint-Saulve.

Lime basic coatings provide optimal mechanical properties. These electrodes commonly are specified for welding superaustenitic and very high-nickel grades of material in cryogenic applications such as LNG tanks and compressed gas systems.

No single customer accounted for over 10% of the Company’s consolidated revenues in 2018, 2017 and 2016. While no single customer accounted for over 10% of consolidated revenue in 2018, certain customers provided a significant portion of each business segment’s 2018 revenue. The Electric segment has one customer that provided 11.2% of 2018 segment revenues. The Manufacturing segment has one customer that manufactures and sells recreational vehicles that provided 22.2% of 2018 segment revenues and one customer that manufactures and sells lawn and garden equipment that provided 11.2% of 2018 segment revenues. The Manufacturing segment’s top five revenue-generating customers provided over 52% of 2018 segment revenues. The Plastics segment has two customers that individually provided 22.1% and 17.0% of 2018 segment revenues. The loss of any one of these customers would have a significant negative impact on the financial position and results of operations of the respective business segment and the Company.

Interior Plant Care (HORT 1991/19S & CRN #24193) is a one-credit class that will be held online from March 11-May 8. The class will also meet two Saturdays, March 30 and May 4, from 8 a.m.-4 p.m. in Room 145 of the Ag/Allied Health Building on Northeast’s Norfolk campus.

Maria Maxwell of Columbus said she has learned to leave home early for her appointments just in case a bus breaks down.

In 2018, Industry & Other revenue amounted to €819 million, with growth remaining positive at + 5.7% and more sustained at constant exchange rates with an increase of 13.1%. 

Claim forms are also available for people to submit to receive compensation for their clothes. To get a claim form, click here. 

Southern Heights Presbyterian Church, 5750 S. 40th St. Vacation Bible School, “Roar,” grades pre-K to 5th and a tweens/teens group for those who have completed grades 5-8. Dates: 6:15-8:30 p.m. June 2-6 (optional child-friendly meal at 5:45). Info: 402-421-3704 or southernheights.org/vbs.

Under the performance share awards the aggregate award for performance at target is 55,600 shares. For target performance the participants would earn an aggregate of 27,800 common shares for achieving the target set for the Company’s 3-year average adjusted return on equity. The participants would also earn an aggregate of 27,800 common shares based on the Company’s total shareholder return relative to the total shareholder return of the companies that comprise the EEI Index over the performance measurement period of January 1, 2019 through December 31, 2021, with the beginning and ending share values based on the average closing price of a share of the Company’s common stock for the 20 trading days immediately following January 1, 2019 and the average closing price for the 20 trading days immediately preceding January 1, 2022. Actual payment may range from zero to 150% of the target amount, or up to 83,400 common shares. There are no voting or dividend rights related to these shares until the shares, if any, are issued at the end of the performance measurement period. The terms of these awards are such that the entire award will be classified and accounted for as equity, as required under ASC 718, and will be measured over the performance period based on the grant-date fair value of the award. The grant-date fair value of each performance share award was determined using a Monte Carlo fair valuation simulation model.

14. Income Taxes The total income tax expense differs from the amount computed by applying the federal income tax rate (21% in 2018, and 35% in 2017 and 2016) to net income before total income tax expense for the following reasons: The Company’s deferred tax assets and liabilities were composed of the following on December 31: 113 Table of Contents Federal PTCs are recognized as wind energy is generated based on a per kwh rate prescribed in applicable federal statutes. OTP’s kwh generation from its wind turbines eligible for PTCs decreased 53.0% in 2018 compared with 2017 due to the PTC eligibility period ending for one of OTP’s wind farms. OTP’s kwh generation from its wind turbines eligible for PTCs increased 4.4% in 2017 compared with 2016. North Dakota wind energy credits are based on dollars invested in qualifying facilities and are being recognized on a straight-line basis over 25 years. Schedule of expiration of tax credits and tax net operating losses available as of December 31, 2018: The following table summarizes the activity related to the Company’s unrecognized tax benefits: The balance of unrecognized tax benefits as of December 31, 2018 would reduce the Company’s effective tax rate if recognized. The total amount of unrecognized tax benefits as of December 31, 2018 is not expected to change significantly within the next 12 months. The Company classifies interest and penalties on tax uncertainties as components of the provision for income taxes in the Company’s consolidated statement of income. There was no amount accrued for interest on tax uncertainties as of December 31, 2018. The Company and its subsidiaries file a consolidated U.S. federal income tax return and various state income tax returns. As of December 31, 2018, with limited exceptions, the Company is no longer subject to examinations by taxing authorities for tax years prior to 2015 for federal and North Dakota income taxes and prior to 2014 for Minnesota state income taxes. TCJA In December 2017 the TCJA was enacted. The TCJA includes a number of changes to existing U.S. tax laws that impact the Company, most notably a reduction of the federal corporate income tax rate from 35% to 21% for tax years beginning after December 31, 2017. The Company measures deferred tax assets and liabilities using enacted tax rates that will apply in the years in which the temporary differences are expected to be recovered or paid. Accordingly, the Company’s deferred tax assets and liabilities were remeasured to reflect the reduction in the U.S. corporate income tax rate from 35% to 21% in 2017. The revaluation for OTP required the creation of a regulatory liability and an offsetting reduction in deferred tax liability. This regulatory liability will generally be amortized over the remaining life of the related assets. On a consolidated financial statement basis, the revaluation resulted in a one-time, non-cash, income tax expense of approximately $1.8 million in 2017. The impacts of the TCJA adjustments to deferred taxes and regulatory liabilities are provided in the reconciliation below: 114 Table of Contents The Company recognized the income tax effects of the TCJA in its 2017 consolidated financial statements in accordance with Staff Accounting Bulletin No. 118, which provided SEC staff guidance for the application of ASC Topic 740, Income Taxes, and allowed up to one year to complete the required analyses and accounting for the TCJA. At December 31, 2017 the Company was able to make reasonable estimates of the impact of the TCJA for the reduction in the federal corporate tax rate, changes to bonus depreciation and consequences on the Company’s regulatory liabilities. The accounting for the income tax effects of the enactment of the TCJA was complete as of September 30, 2018. The Company did not make any material adjustments in 2018 to the amounts recorded at December 31, 2017.

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"Our new partnership with United Pipe and Steel is synergistic and will create the largest master distributor of standard pipe products in the United States,” Merfish said. Leidner added: “We are pleased to join with Merfish Pipe & Supply.Together, we will continue to develop ways to enhance the supply chain for our suppliers and customers, while providing employees with meaningful and rewarding opportunities to develop professionally. This is a new and exciting chapter for Merfish Pipe & Supply/United Pipe & Steel, our employees, our customers and our vendors.”