NEW YORK, April 30, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding General Electric Company (NYSE: GE), 3M Company (NYSE: MMM), Honeywell International Inc. (NYSE: HON), Cummins Inc. (NYSE: CMI) and Illinois Tool Works Inc. (NYSE: ITW). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1803-100free.
General Electric Company Analyst Notes
On April 24, 2014, General Electric Company (GE) reported that its energy investing business GE Energy Financial Services has partnered with Welspun Renewables Energy Pvt. Ltd. (WREPL) to expand solar energy generation in India. According to GE, this marks the first investment of GE Energy Financial Services in a solar power project in India, where it is funding $24 million for the Neemuch project - a 151 (DC)-megawatt solar photovoltaic power project that WREPL put into operation in August 2013. "WREPL's history of developing benchmark projects ahead of schedule and with high generation power output helps us expand globally across the energy spectrum and meet the world's energy needs," said Raghuveer Kurada, Business Leader for India and South East Asia at GE Energy Financial Services. The full analyst notes on GE are available to download free of charge at:
3M Company Analyst Notes
On April 24, 2014, 3M Company (3M) reported its Q1 2014 financial results. In Q1 2014, the Company's sales increased 2.6% YoY to $7.8 billion. Q1 2014 net income attributable to 3M was $1.2 billion, or $1.79 per diluted share, compared to $1.1 billion, or $1.61 per diluted share, in Q1 2013. For full-year 2014, the Company expects EPS of $7.30 to $7.55. The full analyst notes on 3M are available to download free of charge at:
Honeywell International Inc. Analyst Notes
On April 17, 2014, Honeywell International Inc. (Honeywell) reported its Q1 2014 financial results. During the quarter, the Company reported net sales of $9.7 billion, up 3.8% YoY. Q1 2014 net income attributable to Honeywell came in at $1.01 billion or $1.28 per diluted share, compared to $0.97 billion or $1.21 per diluted share in Q1 2013. "As a result of the first quarter performance and overall favorable outlook for our key end markets, we're raising the low-end of our 2014 Proforma EPS outlook by $0.05 and our new guidance range is $5.40-$5.55. We remain confident in our outlook and intend to perform better than our peers driven by our diversity of opportunity, relentless seed planting in new products and technologies, continued penetration of High Growth Regions (HGRs), and growing traction on key process initiatives," said Dave Cote, Chairman and CEO of Honeywell. The full analyst notes on Honeywell are available to download free of charge at:
Cummins Inc. Analyst Notes
On April 17, 2014, Cummins Inc. (Cummins) reported the promotion of Jason MacLean to the position of Vice President of Power Generation Business Unit (PGBU) Supply Chain. The Company stated that under the position, McLean is responsible for leading all functions within supply chain in the PGBU, including global manufacturing generator sets and alternators in 16 locations, purchasing, logistics, order management, planning, and Supply Chain HSE and quality. In a separate announcement on the same day, Cummins informed that Dana Vogt has been promoted to the position of Vice President of Manufacturing - Heavy Duty, Mid-Range, and Light Duty Diesel. The Company stated that in this role, Vogt is responsible for all manufacturing plants, Supply Chain design, and Global Enterprise Quality. The full analyst notes on Cummins are available to download free of charge at:
Illinois Tool Works Inc. Analyst Notes
On April 22, 2014, Illinois Tool Works Inc. (ITW) reported its Q1 2014 financial results. In the quarter, the Company's operating revenues totalled $3.6 billion, up 4.4% YoY. Q1 2014 net income was $473 million, or $1.11 per diluted share, compared with $354 million, or $0.78 per diluted share, in Q1 2013. For full-year 2014, ITW has raised its EPS guidance to $4.45 to $4.65, driven by the accelerated share repurchase program and continued contributions from enterprise initiatives. Full-year 2014, total revenue is expected to increase 3-4%. The full analyst notes on ITW are available to download free of charge at:
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