NEW YORK, April 30, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Layne Christensen Company (NASDAQ: LAYN), Castle & Co. (NYSE: CAS), NF Energy Saving Corporation (NASDAQ: NFEC), Cementos Pacasmayo S.A.A. (NYSE: CPAC), and Ideal Power Inc. (NASDAQ: IPWR). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
LAYN Research Report: ( http://get.analystsreview.com/pdf/?c=Layne%20Christensen&d=30-Apr-2015&s=LAYN ),
CAS Research Report: ( http://get.analystsreview.com/pdf/?c=Castle%20Co.&d=30-Apr-2015&s= CAS ),
NFEC Research Report: ( http://get.analystsreview.com/pdf/?c=NF%20Energy%20Saving&d=30-Apr-2015&s=NFEC ),
CPAC Research Report: ( http://get.analystsreview.com/pdf/?c=Cementos%20Pacasmayo&d=30-Apr-2015&s=CPAC ),
IPWR Research Report: ( http://get.analystsreview.com/pdf/?c=Ideal%20Power%20Inc&d=30-Apr-2015&s=IPWR ).
Analyst Update: Financial Results, Sales Contract, and Upcoming Results Announcement
Reviewed by: Rohit Tuli, CFA®
U.S. stocks fell on Wednesday as disappointing US economic data weighed on investor sentiment. The NASDAQ Composite slipped 0.63% to 5,023.64, the Dow Jones Industrial Average lost 0.41%, to close at 18,035.53, and the S&P 500 ended the session at 2,106.85, down 0.37%. European stocks stumbled on Wednesday caused by a sharp surge in the value of the euro against US dollar. Germany's DAX 30 witnessed the biggest point decline since October 2008, down 378.94 points, or 3.21%. Also, France's CAC 40, and London's FTSE 100 dropped 2.6% and 1.2%, respectively on Wednesday. Meanwhile, Asian markets mostly closed lower on Wednesday. Australia's S&P ASX and Hong Kong's Hang Seng index both slipped on Wednesday, while the Shanghai Composite Index saw modest gains. The Nikkei was closed on Wednesday due to the annual Showa Day holiday.
Layne Christensen (Layne) reported its Q4 and Fiscal 2015 results on April 13, 2015 (period ended January 1, 2015. Total revenues rose by 14.1% YoY to $193.9 million in Q4 FY 2015, primarily driven by higher revenue at water resources, lnliner, geo-construction and energy services. Net loss from continuing operations for Q4 FY 2015 was $22.9 million, or $1.17 per share, compared to $12.1 million, or $0.62 per share, in Q4 FY 2014.
A. M. Castle & Co, on April 28, 2015, announced its financial results for Q1 2015. Consolidated net sales were $222.2 million for Q1 2015, down 12% YoY from $253.4 million in Q1 2014, primarily due to a negative impact of $6.2 million foreign currency transaction losses.
According to a Bloomberg report dated April 21, 2015, NF Energy Saving Corporation (NF Energy) announced that it has signed a $420,000 sales contract in Shangrao City, Jiangxi Province, China, on April 14, 2015, to provide flow control equipment to the city's drinking water supply system relocation project.
On April 27, 2015, Cementos Pacasmayo reported its consolidate financial results for the first quarter 2015. Consolidated EBITDA was (Peruvian Nuevo Sol) PEN89.2 million in Q1 2015, up 10.5% YoY, primarily attributed to the successful implementation of cost control measures. Net income was up by 31.4% YoY, to PEN52.3 million in Q1 2015, supported by a higher gross profit and a positive impact from exchange rate movements.
Ideal Power Inc., a developer of disruptive power conversion technologies, on April 22, 2015, announced that it will host a conference call at 4:30 p.m. ET (1:30 p.m. PT) on Monday, May 4, 2015 to discuss the Company's results for the three months ended March 31, 2015. A press release detailing these results will be issued just prior to the call.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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