New State-of-the-Art Facility, New Contracts, and Financial Results - Research Report on Mohawk, Fluor, CB&I, Quanta and EMCOR
NEW YORK, December 27, 2013 /PRNewswire/ --
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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:
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