Cooperation Agreements, Leadership Changes, Quarterly Results and Dividends, and Loan Amendments - Research Report on JinkoSolar, Huntington Ingalls, Smith & Wesson, General Cable, and Spectrum Brands Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, December 20, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting JinkoSolar Holding Co., Ltd. (NYSE: JKS), Huntington Ingalls Industries, Inc. (NYSE: HII), Smith & Wesson Holding Corporation (NASDAQ: SWHC), General Cable Corp. (NYSE: BGC), and Spectrum Brands Holdings, Inc. (NYSE: SPB). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
JinkoSolar Holding Co., Ltd. Research Report
On December 2, 2013, JinkoSolar Holding Co., Ltd. (JinkoSolar) announced that it has signed a strategic cooperation agreement with the local government of Lingwu City (Lingwu), Ningxia Hui Autonomous Region, for the development of a 200 MW ground-mounted PV power plant. Under the terms of the agreement, JinkoSolar will invest and build a PV industrial base in Lingwu. Xiande Li, Chairman of JinkoSolar, stated, "We are very pleased to have this opportunity to cooperate with Lingwu City in the development of this significant comprehensive renewable energy project. The selection of JinkoSolar further solidifies our leadership position in the domestic solar PV market, especially on project development side. Our high quality pipeline of projects and stable cash flows from downstream business ensure the good return of our investors." The Full Research Report on JinkoSolar Holding Co., Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Huntington Ingalls Industries, Inc. Research Report
On December 13, 2013, Huntington Ingalls Industries, Inc. (HII) announced that the Corporate Vice President and President of Ingalls Shipbuilding, Irwin F. Edenzon, will retire from the Company on December 1, 2014. HII reported that Edenzon will step down as President on March 31, 2014 and will be succeeded by Brian Cuccias, effective April 1, 2014. Mike Petters, HII President and CEO, commented, "Irwin built a solid team that has accomplished exactly what we set out to do back in 2008." Petters added, "He and his team have focused on safety, quality, cost and schedule performance, and we've seen substantial and significant improvement in every one of these areas under Irwin's leadership. He has led Ingalls through some of its toughest challenges during his tenure as president and helped put us back on course." The Full Research Report on Huntington Ingalls Industries, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Smith & Wesson Holding Corporation Research Report
On December 10, 2013, Smith & Wesson Holding Corporation (Smith & Wesson) released its Q2 FY 2014 results (period ended October 31, 2013). Smith & Wesson registered net sales of $139.3 million, up 2.0% YoY during the quarter. Net income of $17.0 million was down 19.8% YoY and diluted EPS of $0.28 was down 9.7% YoY in Q2 FY 2014. Commenting on the results, James Debney, Smith & Wesson President and CEO, said, "Our results for the second quarter of fiscal 2014 reflected the continued successful execution of our growth strategy. By maintaining a strategic focus on increasing market share of our M&P polymer pistol family of products, we delivered handgun revenue growth of over 27% and a significant expansion of our gross margins. For the first six months of this fiscal year, our gross margins were 42.1%. At the same time, we continued to drive a number of initiatives in the quarter designed to strengthen our business and return increased value to our stockholders." The Full Research Report on Smith & Wesson Holding Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
General Cable Corp. Research Report
On December 10, 2013, General Cable Corp. (General Cable) announced that its Board of Directors has declared a quarterly dividend of $0.18 per share on all outstanding common shares. General Cable reported that the dividend is payable on January 7, 2014, to all common shareholders of record at the close of business on December 30, 2013. Further, the Company stated that the Board has extended its existing $125 million share repurchase program, which was set to expire at the end of 2013, through the end of 2014. General Cable reported that the repurchase program has a remaining authorization of $106 million following the repurchase of $19.0 million of common shares in Q3 2013. The Full Research Report on General Cable Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Spectrum Brands Holdings, Inc. Research Report
On December 3, 2013, Spectrum Brands Holdings, Inc. (Spectrum Brands) and Spectrum Brands, Inc. announced the launch of Spectrum Brands' replacement of its $513 million US term loan B due December 2019 with a new €200 million Euro term loan (approximately $270 million) due September 2019 and a $250 million US term loan due September 2019. According to the Company, the $250 million US term loan will be combined with the Company's existing $300 million US term loan C due September 2019. Spectrum Brands reported that the refinancing is expected to result in a lower cost of capital, as well as better alignment of its debt structure with its geographic cash flows. Also, the Company expects to close the refinancing by December 31, 2013. The Full Research Report on Spectrum Brands Holdings, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
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