NEW YORK, December 27, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Mohawk Industries Inc. (NYSE: MHK), Fluor Corporation (NYSE: FLR), Chicago Bridge & Iron Company N.V. (NYSE: CBI), Quanta Services, Inc. (NYSE: PWR) and EMCOR Group Inc. (NYSE: EME). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Mohawk Industries Inc. Research Report
On October 31, 2013, Mohawk Industries Inc. (Mohawk) reported its Q3 FY 2013 financial results (period ended September 28, 2013). The Company posted net earnings attributable to Mohawk of $119.1 million or $1.63 per diluted share in Q3 FY 2013, compared to $70.3 million or $1.01 per diluted share in Q3 FY 2012. Net sales for the quarter totaled $2 billion, up 33.1% YoY. Commenting on Mohawk's Q3 FY 2013 performance, Jeffrey S. Lorberbaum, Chairman and CEO said, "This quarter we are reporting the highest adjusted EPS in Company history. During the period, higher U.S. volumes, efficiency improvements and the performance of our Pergo, Marazzi and Spano acquisitions supported our strong growth. Our legacy net sales increased approximately 5% as reported, with the balance of our revenue growth derived from our recent acquisitions." The Full Research Report on Mohawk Industries Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Fluor Corporation Research Report
On November 12, 2013, Fluor Corp. (Fluor) announced completion of construction at the 125-megawatt Arlington Valley Solar Energy II facility, located in Maricopa County, Arizona. According to the Company, the new state-of-the-art solar energy facility is among the world's largest photovoltaic farms, and it has begun supplying clean, renewable energy to the region. "This utility-scale solar project could not have been completed without the close cooperation between LS Power, the project stakeholders and Fluor's project execution team," said Matt McSorley, Senior Vice President of Fluor's Power Business. "We're proud of the hard work of our engineering and construction teams, and we look forward to providing operations and maintenance services at the AVSE II facility." The Full Research Report on Fluor Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Chicago Bridge & Iron Company N.V. Research Report
On October 29, 2013, Chicago Bridge & Iron Company N.V. (CB&I) reported its Q3 2013 financial results. The Company posted revenue of $3 billion, up 106.8% YoY during the quarter. Net income attributable to the Company during the quarter was $117.7 million or $1.08 per diluted share, compared to that of $80.2 million or $0.82 per diluted share in Q3 2012. Philip K. Asherman, President and CEO of CB&I said, "CB&I had another successful quarter and continued to deliver growth in revenue and income from operations. Revenue was up 107% from $1.4 billion in the third quarter 2012, and adjusted income from operations was $207.4 million, up 57% from the comparable period last year. The company earned adjusted earnings per share of $1.12. We are confident in our ability to convert major prospects into new backlog in the fourth quarter of 2013 and in 2014, while sustaining the margins in the end markets we serve." The Full Research Report on Chicago Bridge & Iron Company N.V. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
Quanta Services, Inc. Research Report
On October 31, 2013, Quanta Services Inc. (Quanta) reported its Q3 2013 financial results. The Company posted revenue of $1.6 billion in Q3 2013, compared to that of $1.5 billion in Q3 2012. Net income attributable to common stock was $92.9 million or $0.43 per diluted share in Q3 2013, compared to that of $96.4 million or $0.45 per diluted share in Q3 2012. "We expect 2013 to be another record year for Quanta. Increased demand for our services resulted in strong third quarter performance despite emergency restoration work being at the lowest level since 2010," said Jim O'Neil, President and CEO of Quanta. "Backlog is at a record $8.09 billion, and significant bidding activity on large and small projects, both in the electric power and natural gas and pipeline segments, continues to indicate opportunity for solid earnings growth in 2014." Quanta informed that it expects revenues for Q4 2013 to range between $1.65 billion and $1.75 billion and diluted EPS from continuing operations to be $0.39 to $0.41. The Full Research Report on Quanta Services, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
EMCOR Group Inc. Research Report
On November 8, 2013, EMCOR Group Inc. (EMCOR) announced that its subsidiary, Harry Pepper Associates, Inc. (HPA) has been awarded a contract by the U.S. Army Corps of Engineers. Under the terms of the contract, EMCOR will be responsible for the demolition and reconstruction of elements of the Herbert Hoover Dike in Okeechobee and Palm Beach Counties, Florida. "We're delighted to have again been selected to work with the U.S. Army Corps of Engineers in our region for this important work on the Herbert Hoover Dike," stated David Pepper, President and CEO, HPA. "HPA's substantial and diverse experience performing this type of work enables us to provide the wide-ranging skills necessary to fulfill the rigorous specifications required of this project." The Full Research Report on EMCOR Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by Nidhi Vatsal, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com.
- For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com.
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Nidhi Vatsal, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Analysts' Corner