Deliveries, Strong Financial Results, and Configurations to Provide Value to Customers - Research Report on GE, UTC, Boeing, ITW, and B/E Aerospace Editor Note: For more information about this release, please scroll to bottom
NEW YORK, July 26, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting General Electric Company (NYSE: GE), United Technologies Corp. (NYSE: UTX), The Boeing Company (NYSE: BA), Illinois Tool Works Inc. (NYSE: ITW), and B/E Aerospace Inc. (NASDAQ: BEAV). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
General Electric Company Research Report
On July 23, 2013, General Electric Company's (GE) commercial aircraft leasing and financing division GE Capital Aviation Services Limited (GECAS) announced that it has delivered a leased Airbus A321 to Turkish airline Atlasjet Havacilik A.S. (Atlasjet). The Company also reported that the delivery of an Airbus A321 to Atlasjet will help expand the carrier's fleet, which currently operates a fleet of 15 aircraft to some 20 domestic and international destinations. The Full Research Report on General Electric Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-24/GE]
United Technologies Corp. Research Report
On July 23, 2013, United Technologies Corp. (UTC) released its Q2 2013 earnings. The Company posted sales of $16 billion, up 15.9% YoY, primarily attributable to the benefit of net acquisitions. Income from continuing operations attributable to common shareholders was up 5.9% YoY to $1.6 billion. EPS was up 4.9% YoY to $1.70. Louis Chênevert, Chairman and CEO of UTC, said, "Strong execution, additional restructuring savings, and growing backlogs give us confidence to increase the lower end of our earnings per share range. We now expect earnings per share of $6.00 to $6.15, growth of 12 to 15 percent, up from $5.85 to $6.15 previously." Chênevert added, "Ongoing orders momentum has UTC well positioned for a return to organic growth in the second half of the year." The Full Research Report on United Technologies Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-24/UTX]
The Boeing Company Research Report
On July 23, 2013, The Boeing Company (Boeing) reported that it has successfully completed the firm configuration of the 737 MAX 8. Michael Teal, Chief Project Engineer of 737 MAX at Boeing Commercial Airplanes, stated, "We have defined the design requirements for the 737 MAX that provide our customers with the most value in the single-aisle market." Teal continued, "We continue to follow our disciplined process to ensure that we have completed all the requirements for the development stage of the program and are ready to begin the detailed design phase." Boeing reported that the 737 MAX will be 13% more fuel-efficient compared to the most efficient single-aisle airplanes today and 8% more fuel-efficient per seat compared to the future competition. Keith Leverkuhn, Vice President and Program Manager of 737 MAX program at Boeing Commercial Airplanes, commented, "The 737 MAX will not only be the most fuel-efficient airplane, it will maintain the 737's industry-leading reliability." The Full Research Report on The Boeing Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-24/BA]
Illinois Tool Works Inc. Research Report
On July 23, 2013, Illinois Tool Works Inc. (ITW) released its Q2 2013 financial results. Revenues were up 1% YoY to $4.2 billion, excluding the impact of the Decorative Surfaces segment in 2012 results. Net income was down 47.2% YoY to $465 million. Diluted EPS from continuing operations was down 5.5% YoY to $1.03. E. Scott Santi, President and CEO of ITW, said, "Despite some headwinds in certain North American end markets, ITW continued to generate strong operating margins and returns in the quarter." Santi added, "We continue to be very pleased with the early-stage contributions from our enterprise strategy initiatives-portfolio management, business structure simplification and strategic sourcing. These initiatives contributed 60 basis points to our total Company operating margin improvement in the second quarter. Also, our adjusted return on invested capital improved 70 basis points to 16.1 percent in the quarter. For the balance of the year, while we remain cautious about end markets and revenue growth for some of our segments, we continue to have confidence in our ability to meet our profitability forecasts." The Full Research Report on Illinois Tool Works Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-24/ITW]
B/E Aerospace Inc. Research Report
On July 23, 2013, B/E Aerospace Inc. (B/E Aerospace) released its Q2 2013 financial results. Revenues were up 10.7% YoY to $850.3 million. Net earnings were up 29.8% YoY to $92.4 million. Diluted EPS was up 29.0% YoY to $0.89. Amin J. Khoury, Chairman and CEO of B/E Aerospace, commented, "Today we reported second quarter 2013 results which included record quarterly revenues, bookings, operating earnings, operating margin, net earnings, and EPS. Our revenue growth continues to be driven primarily by the strong new aircraft delivery cycle. Approximately 60 percent of second quarter revenues was driven by demand for products for new-buy aircraft. Demand for premium seating products and food and beverage preparation and storage equipment associated with robust wide body aircraft deliveries was particularly strong. In addition, orders at our consumables management segment and in our commercial aircraft spares business marked a solid upturn during the quarter as compared with the prior year period." The Full Research Report on B/E Aerospace Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-24/BEAV]
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