NEW YORK, July 22, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Textron Inc. (NYSE: TXT), Northrop Grumman Corporation (NYSE: NOC), Raytheon Co. (NYSE: RTN), Covanta Holding Corporation (NYSE: CVA), and Donaldson Company, Inc. (NYSE: DCI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Textron Inc. Research Report
On July 17, 2013, Textron Inc. (Textron) reported its Q2 2013 financial results posting income from continuing operations of $0.40 per share, compared to income of $0.58 per share in the Q2 2012. The Company's total revenues were $2.8 billion, a decrease of 6% YoY primarily reflecting lower business jet deliveries. The Company's segment profit was $213 million compared to $310 million in Q2 2012, impacted by lower business jet deliveries coupled with $28 million in pre-tax severance costs at Cessna. "Despite weakness in European markets, we saw solid growth at Textron Systems and our Industrial businesses, as well as continued strong commercial orders at Bell," said Scott C. Donnelly, Textron Chairman and Chief Executive Officer. "On the other hand, business jet demand continued to be soft, but we believe the cost, production and pricing actions we took are the right actions to support future growth at Cessna." The Company also confirmed its full-year 2013 EPS from continuing operations guidance of $1.90 to $2.10. The Full Research Report on Textron Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/756e_TXT]
Northrop Grumman Corporation Research Report
On July 17, 2013, Northrop Grumman Corp. (Northrop Grumman) reported that it has been awarded a new $173 million performance-based logistics contract by the Department of Defense. Under the five-year agreement, Northrop Grumman will provide support and sustainment services for the LITENING advanced targeting system. "This award continues our 15-year partnership with the Department of Defense in supporting the warfighters who rely on the LITENING system," said Jim Mocarski, Vice President of Airborne Tactical Sensors at Northrop Grumman Electronic Systems. "Through this partnership, LITENING has achieved greater than 97 percent availability and more than 650,000 combat flight hours, so warfighters know it will be ready for any mission." The Full Research Report on Northrop Grumman Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/f842_NOC]
Raytheon Co. Research Report
On July 16, 2013, Raytheon Company (Raytheon) and Chemring Group together announced that they are finalizing plans to conduct a live missile firing of the multirole CENTURION launcher at the Defence Training Estate on Salisbury Plain during Q4 2013. "Our plan is to launch a missile to help prove our capability against a maneuvering surface threat such as a fast, swarming attack craft," said Rick Nelson, Vice President of Raytheon Missile Systems' Naval and Area Mission Defense product line. "Chemring's CENTURION launcher, coupled with a number of Raytheon's combat-tested missiles, brings an entirely new dimension to ship self-defense to provide a sea-based, inside-the-horizon platform protection system." The Full Research Report on Raytheon Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/1d55_RTN]
Covanta Holding Corporation Research Report
On July 17, 2013, Covanta Holding Corp. (Covanta) reported its Q2 2013 financial results. The Company reported revenue of $413 million, slightly higher as compared with $410 million in Q2 2012. The $3 million increase was due to the execution of organic growth initiatives. Adjusted EBITDA decreased to $120 million, compared with $125 in Q2 2012. Adjusted EPS was down to $0.10, compared with $0.15 in Q2 2012, primarily due to lower equity income. Commenting on Covanta's results, Anthony Orlando, President and Chief Executive Officer, stated, "We achieved solid results this quarter. Operating performance was in line with our expectations and key financial metrics came in slightly better than expected, as we had a modest benefit from a power purchase agreement buyout. Furthermore, I'm pleased with the progress on all of our organic growth initiatives and look forward to a strong second half of the year." The Company is reaffirming its guidance for full-year 2013 with adjusted EPS in the range of $0.40 to $0.50. The Full Research Report on Covanta Holding Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b901_CVA]
Donaldson Company, Inc. Research Report
On July 8, 2013, Donaldson Company Inc. (Donaldson) announced the construction of a new manufacturing plant in Skarbimierz, Poland. The Company said that the new 108,000 square feet plant will cater to the filtration needs of European and Russian customers. "We are very pleased to add this new, state-of-the-art facility to our extensive manufacturing and distribution base in Europe and have appreciated the ongoing support of the Polish government and local Skarbimierz officials," said Wim Vermeersch, Vice President, Europe, Middle East and Northern Africa. "Based on our Company's Strategic Growth Plan, this new plant will allow us to further increase our filter manufacturing capacity to meet our projected OEM and Aftermarket Customer demand throughout Europe and Russia." The Company expects the new plant to open in 2015, which will represent its third manufacturing presence in Central and Eastern Europe. The Full Research Report on Donaldson Company, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/1d30_DCI]
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SOURCE Analysts' Corner