Former Eaton Exec, John Dinger, Named CEO of ILP and GREEN CREATIVE

May 1

St.LOUIS, May 1, 2018 — John Dinger, an experienced senior executive whose background includes the lighting industry, has been selected as chief executive officer of Harbour Group’s lighting platform, which includes Industrial Lighting Products (ILP) and GREEN CREATIVE. Jason Hendren, Cole Zucker and Guillaume Vidal will all continue their leadership roles, reporting to Dinger. TheRead more

Industry Veteran, Susan Larson, Launches 90+ Lighting

May 1

Save Energy Announces New North American Division with High CRI Products: 90+ Lighting San Diego, California, May 1, 2018  Save Energy announced today the June 1, 2018 launch of its North American division, 90+ Lighting. Based in San Diego, the company will offer only products that are 90+ CRI, R9>50 and flicker<30%. 90+ Lighting’s lamps andRead more

Eaton Posts Strong 1Q; Sales Up 8%, EPS up 15%

May 1

Power management company Eaton Corporation plc (ETN) today announced that earnings per share were $1.10 for the first quarter of 2018, an increase of 15 percent over the first quarter of 2017. Net income was $488 million, up 12 percent over the first quarter of 2017. Sales in the first quarter of 2018 were $5.3Read more

Philips Gives Up on Fall River; Fall River Won’t give up on Philips

April 30

The city’s legislative delegation has been joined by their Beacon Hill colleagues to ask Philips Lighting to reconsider closing their facility.   FALL RIVER — The city’s legislative delegation has been joined by their Beacon Hill colleagues to ask Philips Lighting to reconsider closing their facility.

Please Say Goodbye to the Lighting Facts Program

April 30

The LED Lighting Facts® program has played a pivotal role in the early adoption of Solid-State Lighting (SSL) technology and products. After nearly a decade, the program has achieved its original objectives with significant success, and is scheduled to end. The voluntary LED Lighting Facts program was created in 2009 to help manufacturers, utilities, andRead more

Philips Shares Tumble After 1Q Earnings Miss

April 30

AMSTERDAM (Reuters) – Shares in Philips Lighting (LIGHT.AS) fell sharply on Thursday after the world’s largest lighting maker reported worse than expected first-quarter earnings due to falling sales and margins, especially in the United States. Philips, which flagged in February its quarterly earnings would be weak, made adjusted earnings before interest, taxes, and amortisation (EBITA)Read more

Industry Veteran to Start New Lighting Company

April 29

As companies in our industry continue to struggle and downsize, EdisonReport is hearing rumors about a new company that will be launched sometime this week.  If our sources are correct, it will be run from a well-known industry executive and focus on the high-end lamp market. We are told the company will be based onRead more

Layoff at EYE Lighting

April 27

EXCLUSIVE–MUST CREDIT EDISONREPORT.  EdisonReport can confirm that there was an administrative layoff at EYE Lighting affecting less than 10 people. We spoke to Greg Barry, President and CEO, who confirmed the layoff.  Greg explained that soft conditions in the C&I market led to the layoffs–a theme we hear from many companies.    EYE is alsoRead more

LSI Reports 1% Increase in Sales

April 27

CINCINNATI, April 26, 2018 (GLOBE NEWSWIRE) — LSI Industries Inc. (LYTS) announced: Third Quarter Summary Sales increased 1% compared to Q3 of the prior year. Adjusted Operating Income increased 74%, with adjusted operating margin improving 40 basis points Adjusted Net Income of $226,000 (See Non-GAAP reconciliation below). GAAP reported EPS was $0.01 versus loss of $(0.02) in PYRead more