Record Sales, Improving Cost Structures, Positive Operating Margins and Leadership Changes for Long-term Growth - Research Report on Lear, WABCO, Autoliv, Westport, and Meritor Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, July 31, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting Lear Corp. (NYSE: LEA), WABCO Holdings Inc. (NYSE: WBC), Autoliv, Inc. (NYSE: ALV), Westport Innovations Inc. (NASDAQ: WPRT), and Meritor, Inc. (NYSE: MTOR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Lear Corp. Research Report
On July 26, 2013, Lear Corp. (Lear) reported its Q2 2013 financial results. The Company announced that its net sales increased 12.2% YoY to $4.1 billion, and core operating earnings came in at $223.7 million, up 13.4% YoY, in Q2 2013. Adjusted EPS grew 20.0% YoY to $1.62. "Lear performed well in the second quarter, with sales and earnings growing faster than global industry production," said Matt Simoncini, Lear's President and CEO. "Our strong financial position allows us to strengthen and grow our business while improving our cost structure. We plan to maintain a balanced approach of investing in the business and returning excess cash to shareholders in order to drive shareholder value." The Company has updated its full-year 2013 net sales outlook to $15.8 billion from a range of $15.0 billion to $15.5 billion. Core operating earnings are projected to be $750 million to $800 million along with an estimated free cash flow of $300 million. The Full Research Report on Lear Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-29/LEA]
WABCO Holdings Inc. Research Report
On July 26, WABCO Holdings Inc. (WABCO) reported its Q2 2013 financial results. The Company reported sales of $678.2 million, up 6.8% YoY in Q2 2013. Operating margin during the quarter was 13.5% against 14.6% in Q2 2012. Diluted EPS was $1.30 versus $1.19 in Q2 2012. "In Q2 2013, WABCO delivered yet another record quarterly performance fueled by our continued ability to outperform a sluggish market. Indeed, WABCO's revenues increased 6.8% year on year, helped by growth of 8.1% in aftermarket revenues," said Jacques Esculier, WABCO Chairman and CEO. The Company updated its full year 2013 guidance, indicating sales growth to range between 5% to 8% in local currencies, and diluted EPS to range from $4.70 to $5.00. The Full Research Report on WABCO Holdings Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-29/WBC]
Autoliv, Inc. Research Report
On July 19, 2013, Autoliv Inc. (Autoliv) reported its Q2 2013 financial results. The Company reported that its consolidated sales increased 5.2% YoY to approximately $2.2 million, and net income attributable to Autoliv increased 9.7% YoY to $138.7 million, during Q2 2013. The Company's cash flow from operations totaled $191.8 million, compared to $218.6 million in Q2 2012 and operating income was $194.0 million against $190.4 million in Q2 2012. EPS increased 8.3% YoY to $1.44. Jan Carlson, President and CEO of Autoliv, commented "Autoliv had a solid quarter achieving record sales and a solid operating margin. The global vehicle production developed slightly better than anticipated, and through good execution and high deliveries to well performing vehicle platforms we were able to benefit from the increase. During the quarter Autoliv held a Capital Market Day outlining future strategies for growth, and it is especially pleasing to see the key strategic growth areas of active safety, and new growth markets, specifically China, performing well." Further, Autoliv expects its organic sales for 2013 to increase by 4%, reaching the upper end of its earlier guidance of between 2% to 4% growth. The Full Research Report on Autoliv, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-29/ALV]
Westport Innovations Inc. Research Report
On July 26, 2013, Westport Innovations Inc. (Westport) announced the appointment of Nancy Gougarty as the President and COO of Westport. "Nancy brings valuable direction and experience in product delivery execution from her roles in the global automotive sector," said David Demers, CEO of Westport. "Nancy will play a key role in implementing our strategic priorities, supporting Westport in meeting the challenges of operating a global business and driving Westport's financial success with her experience in operations and international product sales." According to the Company, Ms. Gougarty has previously held several leadership positions in the automotive sector including Managing Director for General Motors and Vice President for Delphi Automotive Systems, Japan, and Korea. The Full Research Report on Westport Innovations Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-29/WPRT]
Meritor, Inc. Research Report
On July 23, 2013, Meritor Inc. (Meritor) announced the appointment of Charles Christman as the Director of Investor Relations, with immediate effect. In his new role Christman will be responsible for communicating the Company's financial information as well as its strategic vision to Meritor's shareholders and other constituents. "Charlie's background and extensive industry experience make him an excellent choice for this important financial role," said Carl Anderson, Vice President and Treasurer of Meritor. "He is well positioned to help Meritor continue reaching out to our key stakeholders." According to the Company, prior to Christina's engagement with Meritor, he held the position of Manager, Capital Markets at General Motors. The Full Research Report on Meritor, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-29/MTOR]
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