VISTA Today Daily News Business Briefs are concise stories that bring you up to date with what’s going on around Chester County. This morning:

Successful Second Quarter for Liberty Property Trust

Liberty Property Trust announced this week that funds from operations available to common shareholders for the second quarter of 2015 rose 13.6 percent, to $0.67 per share, from $0.59 per share for the same period last year.

Net diluted income per share was up 20 percent, to $0.24 for Q2, up from $0.20 per share for the same quarter last year. The Malvern based company also said its in-service portfolio of 105 million square feet was 93.8 percent occupied, compared to 93.2 percent at the end of the first quarter.

“We are very pleased with the continued strength of the core portfolio, evidenced by rent and occupancy growth in our industrial and class A office product,” says Bill Hankowsky, chairman, and chief executive officer. “We also advanced our strategic dispositions and continue to see excellent development opportunities.”

 VETS Program Educates Students on the Science of Veterinary Medicine

Combining fun with education, Penn Vet offers a Summer Veterinary Exploration Through Science (VETS) program for students who are interested in a practical look at veterinary medicine.

The program, available for college students as well as high school juniors and seniors, took place in June and July, with each day covering a different area.

Students participated in rotations with fourth-year vet students and experienced veterinary medicine throughout Penn Vet’s Ryan Hospital for companion animals. One day of each session took place at the New Bolton Center, Penn Vet’s large-animal campus in Kennett Square.

This was not the only camp for high school and college students interested in science careers to take place this summer at the University of Pennsylvania’s health schools. Other options included the Summer Mentorship Program, Canine Handler Academy, and the four-week Penn Medicine Summer Program for High School Students.

Teleflex Acquires Australian Distribution Partner’s Assets

Teleflex Incorporated has bought certain assets of N. Stenning & Co Ltd. Pty, its distribution partner for Teleflex’s surgical products in Australia.

The Wayne-based provider of medical devices for critical care and surgery made the transaction in line with its strategy of converting select distributors to a direct sales model.

In the deal, Teleflex purchased N. Stenning & Co’s surgical customer relationships throughout Australia and a team of surgical sales representatives who are now direct employees of Teleflex Australia.

“Combining the experienced N. Stenning team with our existing direct distribution organization in Australia will strengthen and leverage the Teleflex sales platform to support new surgical product growth,” said Benson Smith, Chairman, President and Chief Executive Officer.  This deal will help us “to better understand the needs of our customers”

Winning Team of Merrill Executives Reunites for New Venture

Andres Capital Management, an independent SEC registered investment advisor specializing in managing U.S. fixed income portfolios, has opened for business.

Leading the firm are three former executives of Merrill Lynch who have banded together to start the company. The aim is to address the needs of independent financial advisors, family offices, and high-net-worth investors.

Andres Capital will provide a conservative but hands-on approach to investment as an alternative to the passive, consensus-driven approaches taken by many traditional investment management organizations.

“We believe the next five years will prove difficult for investors, particularly with so few professional money managers having experience managing assets in an environment characterized by broad uncertainty” Robert Andres, Chief Investment Officer stated, “Our investment team has been tested throughout different business cycles, geo-political events and in both declining and rising rate environments.”

Triumph Group Reports Strong First Fiscal 2016 Quarter

Triumph group has released its financial results for the first quarter of fiscal year 2016, showing that net sales were $959.6 million, a seven percent increase compared to net sales of $896.9 million for the same period last year.

However, the Berwyn based company reported net income was significantly lower  at $62.7 million or $1.27 per diluted share for the quarter, compared to $128.2 million, or $2.46 per diluted share, for the first quarter of the prior fiscal year. The difference was due to a large one-time gain last year received at settling the Eaton litigation

“Our first quarter results demonstrated continued strong performance in our Aerospace Systems and Aftermarket Services Group, underscored by year over year increases in net sales and solid operating margins,” said Richard C. Ill, Triumph’s President and Chief Executive Officer. “While we are taking measures to drive performance in the Aero structures segment, the results do not reflect the full potential of the business”