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Financial Reports, Publications, Sustainability Reports, and New Syndicated Credit Facilities - Research Report on KB Home, CEMEX, Mohawk Industries, CLARCOR, and Carpenter

Editor Note: For more information about this release, please scroll to bottom.


News provided by

Wall Street Reports

Jul 09, 2013, 08:00 ET

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NEW YORK, July 9, 2013 /PRNewswire/ --

Today, Wall Street Reports announced new research reports highlighting KB Home (NYSE: KBH), CEMEX, S.A.B. de C.V. (NYSE: CX), Mohawk Industries Inc. (NYSE: MHK), CLARCOR Inc. (NYSE: CLC), and Carpenter Technology Corp. (NYSE: CRS). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

KB Home Research Report

On June 27, 2013, KB Home (KB Home) released its Q2 FY 2013 financial results (period ended May 31, 2013). Revenues increased by 73.1% YoY to $524.4 million. The Company reported net loss of $3.0 million, higher as compared to net loss of $24.1 million in Q2 FY 2012. Diluted loss per share went up to $0.04 from $0.31 in Q2 FY 2012. Jeffrey Mezger, President and Chief Executive Office of the Company said, "Our strong second quarter results demonstrate the successful execution of our business strategies and improved operating leverage. Our actions to optimize pricing and margins while maintaining a healthy pace of net orders per community have generated substantial increases in our net order value, average selling price, revenues and operating income, and significantly expanded our housing gross margin." The Full Research Report on KB Home - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/1e86_KBH]

--

CEMEX, S.A.B. de C.V. Research Report

On June 26, 2013, CEMEX, S.A.B. de C.V. (CEMEX) announced that in collaboration with BirdLife International, it developed an inspiring new publication that captures the Company's approach to biodiversity conservation. According to the Company, the launch of this publication signals significant progress in the company's ten-year global conservation partnership with Birdlife International, the world's largest civil society partnership for nature. Company's Senior Vice President of Energy and Sustainability, Luis Farias, said, "CEMEX takes its responsibility as a steward for the environment very seriously. This is why the company took this opportunity to capture experiences - from helping conserve important wildlife sites to creating habitat for threatened species - gained from international conservation partnerships from Mexico to Malaysia and share them with the wider BirdLife partnership." The Full Research Report on CEMEX, S.A.B. de C.V. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/1de3_CX]

--

Mohawk Industries Inc. Research Report

On June 26, 2013, Mohawk Industries Inc. (Mohawk Industries) released its fourth annual sustainability report. According to the Company, the report puts an emphasis on the Company's commitment to customers, employees, shareholders, communities and the environment, while maintaining excellence in consistency, transparency, and accuracy in reporting. The Company reported that for the second year in a row, the report meets Global Reporting Initiative's (GRI) requirement of a B+ application level, which places the Company among the leaders in transparency of reporting sustainable practices. According to Jeff Loberbaum, Chairman and Chief Executive Officer of the Company, "Our success as a company is defined by the choices we make every day. As our global footprint continues to grow, we'll continue to make responsible choices that bring the most value to our stakeholders, our customers and our people." 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: [http://www.wsreports.com/r/full_research_report/c78e_MHK]

--

CLARCOR Inc. Research Report

On June 19, 2013, CLARCOR Inc. (CLARCOR) announced that its Q2 FY 2013 diluted earnings per share increased to $0.66, compared to $0.65 in Q2 FY 2012. According to Chris Conway, the Company's Chief Executive Officer, "We are pleased with our second quarter results, particularly in light of the current global macroeconomic environment. Despite continued slow economic expansion in the U.S., uncertainty in China and recessionary conditions in Europe, we were able to grow consolidated net sales 1% from last year's second quarter." In other news date, June 25, 2013, the Company Board of Directors declared a regular quarterly dividend of $0.14 per share of common stock, payable on Friday, July 19, 2013 to shareholders of record on July 8, 2013. The Full Research CLARCOR Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/df96_CLC]

--

Carpenter Technology Corp. Research Report

On June 28, 2013, Carpenter Technology Corp. (Carpenter) announced its successful completion of a $500 million syndicated credit facility. Carpenter informed that the new five year revolving credit facility, which replaces the $350 million revolver due to expire in June 2016, comprised of ten lenders, and was substantially oversubscribed prior to allocations. As stated by Tony Thene, Senior Vice President and Chief Financial Officer, "Favorable markets and rates gave us the opportunity to significantly increase our financial flexibility with improved pricing and lower borrowing costs The completion of this $500 million credit facility contributes to having a financial structure in place that supports the Company's overall growth strategy." The Full Research Report on Carpenter Technology Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/0e52_CRS]

----

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  3. 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.
  4. 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 [email protected].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

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 has, through Chartered Financial Analysts, 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.

SOURCE Wall Street Reports

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