NEW YORK, January 14, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Global Power (NYSE: GLPW), Graco (NYSE: GGG), Greenbrier (NYSE: GBX), Griffon (NYSE: GFF), and Harris (NYSE: HRS). 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):
GLPW Research Report: ( http://get.analystsreview.com/pdf/?c=Global%20Power&d=14-Jan-2015&s=GLPW ),
GGG Research Report: ( http://get.analystsreview.com/pdf/?c=Graco&d=14-Jan-2015&s=GGG ),
GBX Research Report: ( http://get.analystsreview.com/pdf/?c=Greenbrier&d=14-Jan-2015&s=GBX ),
GFF Research Report: ( http://get.analystsreview.com/pdf/?c=Griffon&d=14-Jan-2015&s=GFF ),
HRS Research Report: ( http://get.analystsreview.com/pdf/?c=Harris&d=14-Jan-2015&s=HRS ).
Analyst Update: Financial Results, Acquisitions, and Contract Awards
Reviewed by: Rohit Tuli, CFA®
Volatility gripped the U.S. market on Tuesday as the Dow Jones Industrial Average, which vaulted over 282 points during the session, erased all the gains and slipped into negative territory, led by a decline in materials and energy shares. The U.S. stocks fluctuated between gains and losses during the session, mirroring the movement in oil prices which tumbled to near six-year lows before recovering. The Dow Jones Industrial Average ended the session 0.15% lower at 17,613.68, the S&P 500 lost 0.26% to close at 2,023.03, and the Nasdaq Composite dropped 0.07% to 4,661.50. Meanwhile, European shares rose for the second consecutive session on Tuesday, helped by rally in retail stocks and data showing that U.K. inflation fell to the lowest level in 15 years. Most of the Asian markets also ended lower on Tuesday as continued drop in the prices of oil turned investors cautious towards risky assets.
Global Power Equipment Group Inc. (Global Power) reported an improvement of 31.9% YoY in its third quarter 2014 top line, led by robust performance across all three business segments; Company on track to deliver 2014 as planned.
Graco Inc. (Graco) to acquire Pennsylvania-based High Pressure Equipment (HiP) company and Utah-based White Knight Fluid Handling business. The Company also closed two other acquisitions: Canada-based GeoBlaster Equipment Sales & Services Inc. and Brazil-based Multimaq-Pistolas e Equipamentos Para Pintura Ltda (Multimaq) in December last year.
Oregon-based Greenbrier Companies Inc. (Greenbrier) won new orders in Q1 FY 2015 to deliver 14,100 railcar units valued at $1.24 billion. The order includes small-cube covered hopper cars for sand and cement transportation, boxcars, double-stack intermodal units, automobile carrying cars, gondolas and tank cars, both for crude oil and other commodity types.
Griffon Corporation's (Griffon) wholly-owned subsidiary Telephonics Corporation won a contract from the U.S. Foreign Military Sales Office, acting as procuring agent for the Swedish government.
Harris Corporation (Harris) won an initial order of $18 million to provide the Armed Forces of the Philippines (AFP) with Harris Falcon III tactical vehicular radios and intercom systems.
About Analysts Review
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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.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review 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.
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