On July 25, 2013, Dana Holding Corporation (Dana Holding) announced its Q2 2013 results. Sales for Q2 2013 amounted to $1.8 billion, compared with $1.9 billion in Q2 2012. Net income available to common stockholders totaled $85 million, compared with $79 million in Q2 2012. Commenting on the results, Roger J. Wood, Dana Holding's President and CEO, said, "I am pleased with Dana's second-quarter performance. We continue to focus on disciplined cost and investment actions to generate positive cash flow and improve margin performance in each of our four business segments. Looking forward, political and economic uncertainties in a number of countries are putting pressure on volumes in some of our key markets. Yet I am confident in our ability to continue to remain flexible and execute on the levers within our control that are necessary to adjust our cost structure and respond quickly to changing market conditions." The Company revised its full year 2013 outlook and now expects sales of approximately $7 billion down from its previous estimate of $7.1 billion, and diluted adjusted EPS of approximately $1.90 (excluding the impact of share repurchases after June 30, 2013). The Full Research Report on Dana Holding Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-26/DAN]
Gentex Corp. Research Report
On July 24, 2013, Gentex Corp. (Gentex) announced its Q2 2013 financial results with net sales up 2.4% YoY to $287 million. Net income stood $52.1 million, up from net income of $40.8 million in Q2 2012. Commenting on the results, Gentex Chairman of the Board and CEO Fred Bauer stated, "Gentex is very pleased to report that in second quarter of 2013, the Company experienced increases in net sales, gross profit as well as net income versus the second quarter of 2012 and the first quarter of 2013, with continuing positive efficiencies within our operating expenses." The Full Research Report on Gentex Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-26/GNTX]
Delphi Automotive PLC Research Report
On July 25, 2013, Delphi Automotive PLC (Delphi Automotive) announced that its Board of Directors has approved a quarterly cash dividend of $0.17 per ordinary share. The Company informed that the dividend will be payable on August 29, 2013 to shareholders of record at the close of business on August 16, 2013. The Full Research Report on Delphi Automotive PLC - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-26/DLPH]
Monro Muffler Brake Inc. Research Report
On July 25, 2013, Monro Muffler Brake Inc. (Monro Muffler Brake) announced financial results for Q1 FY 2014 (period ended June 29, 2013) with sales increased 21.9% YoY to $206.2 million. According to the Company, the growth in sales was attributed to an increase in sales from new stores and increase in comparable store sales. Gross margin stood at 38.3% compared to 40.3% in Q1 FY 2013. Net income grew 16.6% YoY to $13.6 million. John Van Heel, President and CEO, said, "Customers have increasingly turned to Monro to perform the work necessary to maintain and extend the life of their vehicles, as evidenced by a 2% increase in our comparable store oil change traffic for the quarter. Importantly, our focus on leveraging our strong business model to take advantage of increased acquisition opportunities enabled us to increase our market share and deliver strong increases in overall sales and net income despite the tough environment." The Full Research Report on Monro Muffler Brake Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-26/MNRO]
LKQ Corp. Research Report
On August 1, 2013, LKQ Corp. (LKQ) announced its Q2 2013 financial results, with revenue increased 24.4% YoY to $1.3 billion. Net income stood at $75.7 million, or $0.25 per diluted share compared to $64 million, or $0.21 per diluted share, in Q2 2012. Commenting on the results, Robert L. Wagman, President and CEO of LKQ Corp., stated, "Our very strong organic revenue growth of 13.1% for parts and services revenue was driven by improvements across both our segments. We were particularly pleased to see our North American operations report a robust 7.3% parts and services growth, while organic growth in our European operations accelerated to 37.8%." The Company updated its guidance for full year 2013 and now expects organic revenue growth of 8.5% to 10.5% from the previous forecast of 6.5% to 8.5%. Diluted EPS is expected to be in the range of $1.03 to $1.10 as up from the previously expected range of $1 to $1.09. The Full Research Report on LKQ Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-26/LKQ]
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