Second Quarter Financial Results and Quarterly Dividends Announcements - Research Report on Caesarstone, Vulcan, Harsco, Snap-on, and PGT
NEW YORK, August 23, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Caesarstone Sdot-Yam Ltd. (NASDAQ: CSTE), Vulcan Materials Company (NYSE: VMC), Harsco Corporation (NYSE: HSC), Snap-on Inc. (NYSE: SNA), and PGT, Inc. (NASDAQ: PGTI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Caesarstone Sdot-Yam Ltd. Research Report
On August 7, 2013, Caesarstone Sdot-Yam Ltd. (Caesarstone) reported its Q2 2013 financial results. The Company reported revenues of $89.0 million, an increase of 17.9% YoY, primarily driven by continued increase in sales in the United States and Canada. GAAP operating income for the quarter totaled $22.2 million compared to $13.9 million in Q2 2012. GAAP net income attributable to controlling interest totaled $19.7 million, higher as compared to $11.7 million in Q2 2012. Diluted EPS were $0.56 (on 35.1 million shares) compared to $0.34 (on 34.4 million shares) in Q2 2012. Commenting on the results, Yosef Shiran, Caesarstone CEO, said, "We are pleased to report another record quarter for sales and profitability, particularly in our fast-growing North American markets where quartz is increasingly embraced. We continue to look forward to completing capacity expansion projects both in Israel and the United States to reinforce our growth capability, maintain our leadership position and create growth and value for both our customers and our shareholders." The Company re-affirmed its guidance with full-year 2013 revenue in the range of $330 million to $340 million. The Full Research Report on Caesarstone Sdot-Yam Ltd. - 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/e198_CSTE]
Vulcan Materials Company Research Report
On August 1, 2013, Vulcan Materials Company (Vulcan) reported its Q2 2013 financial results. The Company reported total revenues of $738.7 million, representing a growth of 6.4% YoY growth. Earnings from continuing operations totaled $30.1 million or $0.23 per share, compared to a loss of $17 million or $0.13 per share in Q2 2012. Reflecting on Q2 2013 performance, Don James, Chairman and CEO, said, "Each of our operating segments reported solid growth in second quarter earnings, contributing to improved gross profit margin and earnings per share. He continued, "Growth in residential construction activity, and its traditional following impact on private nonresidential construction, continues to underpin our expectations for volume and earnings improvement in 2013." The Full Research Report on Vulcan Materials Company - 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/0fac_VMC]
Harsco Corporation Research Report
On August 8, 2013, Harsco Corp. (Harsco) released its Q2 2013 financial results. During the quarter, the Company reported a 1.4% YoY decline in revenues to $759.7 million, primarily due to lower Metals & Minerals volume, which were partially offset by volume growth in Infrastructure and Industrial segments. Net income attributable to Harsco common stockholders was $23.8 million, compared with $12.7 million in Q2 2012, while diluted EPS attributable to Harsco common stockholders was $0.29, compared with $0.16 in Q2 2012. "Second quarter earnings per share were within our guidance range and driven by the performance of the Infrastructure, Rail and Industrial businesses," said Harsco President and Chief Executive Officer Patrick Decker. "We are executing a comprehensive simplification program that is focused on improving our operating model to increase our speed and ability to execute." The Company anticipates diluted EPS from continuing operations for Q3 2012 in the range of $0.17 to $0.22. The Full Research Report on Harsco 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/6daf_HSC]
Snap-on Inc. Research Report
On August 1, 2013, Snap-On Inc.'s (Snap-On) Board of Directors approved a quarterly common stock dividend of $0.38 per share. The Company reported that the dividend is payable on September 10, 2013 to shareholders of record on August 23, 2013. The Company claimed that it has paid consecutive quarterly cash dividend without interruption and reduction since 1939. The Full Research Report on Snap-on 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/a84c_SNA]
PGT, Inc. Research Report
On July 31, 2013, PGT, Inc. (PGT) reported its Q2 FY 2013 financial results (period ended June 29, 2013). PGT reported net sales of $62.8 million, representing a growth of 35.2% YoY. As per PGT, the increase was driven by improved market conditions in Southeast and Southwest Florida markets, as well as sales and marketing programs which focused on the Company's WinGuard products. Gross margin for the quarter was 33.5%, marking a decline of 2.0% YoY. Net income totaled $9.9 million, compared to $3.7 million in Q2 FY 2012. Net income per diluted share came in at $0.19, compared to $0.07 in Q2 FY 2012. PGT's President and CEO, Rod Hershberger commented, "Sales in the second quarter of 2013, totaling $62.8 million, represented the highest quarterly sales since the first quarter of 2007." He continued "The improvement in financial performance is the result of the continued dedication of our employees, who worked hard to keep pace with the growing demand for our products and consistently deliver on our value proposition." The Full Research Report on PGT, 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/e09f_PGTI]
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