Financial Results, Upcoming Presentations, and Collaborations - Research Report on Caterpillar, UTC, Joy Global, Terex, and Rockwell Automation
NEW YORK, October 29, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Caterpillar Inc. (NYSE: CAT), United Technologies Corporation (NYSE: UTX), Joy Global Inc. (NYSE: JOY), Terex Corporation (NYSE: TEX), and Rockwell Automation Inc. (NYSE: ROK). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Caterpillar Inc. Research Report
On October 23, 2013, Caterpillar Inc. (Caterpillar) reported its Q3 2013 financial results. The Company's total sales and revenues declined 18.4% YoY to $13.4 billion during the quarter. Profit was $946 million or $1.45 per diluted share in Q3 2013, down compared to profit of $1.7 billion or $2.54 per diluted share in Q3 2012. Commenting on the results, Caterpillar Chairman and CEO Doug Oberhelman, said, "This year has proven to be difficult, with expected sales and revenues nearly $11 billion lower than last year. That is a 17 percent decline from 2012, with about 75 percent of the drop from Resource Industries, which is principally mining. We expect Resource Industries to be down close to 40 percent for the full year and Power Systems' and Construction Industries' sales to each be down about 5 percent." The Full Research Report on Caterpillar 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/5caf_CAT]
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United Technologies Corporation Research Report
On October 22, 2013, United Technologies Corporation (UTC) reported its Q3 2013 financial results. The Company's net sales increased 2.8% YoY to $15.5 billion during the quarter. For Q3 2013, income from continuing operations attributable to common shareholders increased 13.5% YoY to $1.4 billion. Further, diluted EPS from continuing operations attributable to common shareowners increased 11.5% YoY to $1.55. The Full Research Report on United Technologies 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/96c3_UTX]
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Joy Global Inc. Research Report
On October 22, 2013, Joy Global Inc. (Joy Global) announced that the Company's management will participate in the Baird 2013 Industrial Conference being held at the Four Seasons in Chicago from November 4, 2013 to November 6, 2013. Ted Doheny, President and Chief Operating Officer of Joy Global's Underground Mining business and CEO Elect, and Jim Sullivan, Executive Vice President and CFO, will present at the conference on November 5, 2013, at 1:30 p.m. EST. The Company added that a live audio webcast of the presentation will be available on the Company website. The Full Research Report on Joy Global 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/bc04_JOY]
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Terex Corporation Research Report
On October 23, 2013, Terex Corporation (Terex) reported its Q3 2013 financial results. The Company's net sales declined 0.6% YoY to $1.8 billion. Net income attributable to Terex Corporation was $94.4 million or $0.81 per diluted share, compared to $30.2 million or $0.27 per diluted share in Q3 2012. Ron DeFeo, Terex Chairman and CEO, said, "We are seeing strength in early-cycle product categories where demand is mostly replacement driven. We continue to have strong performance from our Aerial Work Platforms (AWP) business and solid execution by our Materials Processing business. As expected, we achieved significantly better performance from our Material Handling & Port Solutions (MHPS) segment compared to the first half of this year." He added, "North America remains the most stable market overall. Europe has seen slight improvements in certain products, mostly in our AWP segment, and the Middle East continues to provide growth. However, overall weakness in Europe and Australia have offset the growth we have experienced in other markets." The Full Research Report on Terex 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/f966_TEX]
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Rockwell Automation Inc. Research Report
On October 21, 2013, Rockwell Automation Inc. (Rockwell Automation) announced that eight new product suppliers in the Americas region have joined the Rockwell Automation Encompass third-party product referencing program. The Company reported that the new Encompass Partner companies in the Americas region include: Exlar Corporation, LinTech, Marathon Motors, Nook Industries Inc., Owl Computing Technologies Inc., Samson Controls Inc., Solidworks Corp. and Tolomatic Inc. Additionally, Rockwell Automation's PartnerNetwork program expanded to include two new companies in the EMEA region - OCME and Gundlack Automation GmbH. OCME is Rockwell Automation's OEM Partner company in the EMEA region and Gundlack Automation GmbH is Rockwell Automation's new Solution Partner company from the EMEA region. According to the Company, the relationship between Rockwell Automation and its PartnerNetwork members helps customers gain the most value from their automation investment by helping simplify the supply chain, contributing to innovations in project design, and improving collaboration among suppliers. The Full Research Report on Rockwell Automation 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/5388_ROK]
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