MANUFACTURING

July Auto Sales Down

OC-based automakers faced some headwinds this month, all reporting sales declines except for Cypress-based automaker Mitsubishi Motors North American Inc.

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AVD Up But Misses on Revenue

Newport Beach-based chemicals maker American Vanguard Corp. earned $5.6 million in quarterly net income, up from $4.3 million year-over-year, on revenue of $107 million, up from $78 million.

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Skyworks to Buy Avnera for $405M

Skyworks Solutions Inc. has agreed to buy analog chip systems maker Avnera Corp. for $405 million in cash.

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Masimo Strong Q2, Raises Guidance

Masimo Corp. (Nasdaq: MASI) reported revenue of $211.6 million, including royalty, with product revenue for the second quarter totaling $202 million, up 12.4% compared to the same quarter a year ago.

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Vizio Launches Streaming Service

Irvine-based Vizio Inc. has launched a free streaming service in an effort to corral cord cutters who have ditched traditional cable services.

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361 Degrees Names Head of Sales

361 Degrees International Ltd. in Irvine appointed Isaac “Ike” Alvear as head of sales.

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Mitsubishi Adds Offices

Cypress-based automaker Mitsubishi Motors North America Inc. said it will expand its field operations today from two zone offices to four.

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Hospitality Platform Names CEO

BirchStreet Systems Inc. in Newport Beach promoted Stephen Markle to chief executive, succeeding founder Sushil Garg.

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CoolSys Buys NJ Firm

CoolSys, a Brea-based refrigeration and heating company, bought Energy Squared LLC, a consulting engineering firm providing electrical and refrigeration engineering analysis and design for buildings. Terms were undisclosed.

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True Acquires Chef’d Assets

Newport Beach-based True Family Enterprises acquired the assets of meal kit company Chef’d on undisclosed terms.

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Evolus Raises $56M

Evolus Inc. (Nasdaq: EOLS) priced an additional public offering of 4 million shares of common stock at $20 each. The offering consists of 3 million shares offered by the medical aesthetics company and a million shares offered by a selling stockholder.

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Avid Names CFO

Avid Bioservices Inc. (Nasdaq: CDMO) appointed Daniel Hart chief financial officer.

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Urovant Seeks $150M IPO

Irvine-based Urovant Sciences Inc. is seeking $150 million via the public markets to extend clinical trials of therapies to treat urologic conditions.

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AutoGravity’s Co-Founder Departs as CEO

Andy Hinrichs in May departed as chief executive of AutoGravity, an award-winning fintech company he co-founded in 2016, the Business Journal has learned.

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June Auto Sales Up

Nearly all OC automakers saw sales increases for June while year-to-date sales were mixed.

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