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Long-term Investments and Improved Product Pipelines Deliver Top Line Growth for Companies - Research Report on Masco, Martin Marietta, Lincoln Electric, Armstrong, and Headwaters


News provided by

Analysts' Corner

Aug 02, 2013, 08:00 ET

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NEW YORK, August 2, 2013 /PRNewswire/ --

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

Today, Analysts' Corner announced new research reports highlighting Masco Corporation (NYSE: MAS), Martin Marietta Materials Inc. (NYSE: MLM), Lincoln Electric Holdings Inc. (NASDAQ: LECO), Armstrong World Industries, Inc. (NYSE: AWI), and Headwaters Inc. (NYSE: HW). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Masco Corporation Research Report

On July 29, 2013, Masco Corp. (Masco) reported its Q2 2013 financial results. The Company posted net sales from continuing operations of approximately $2.1 billion, a 10.5% YoY growth. Masco's income from continuing operations were $0.23 per common share compared to a loss from continuing operations of $0.15 per common share in Q2 2012. Masco's President and Chief Executive Officer, Tim Wadhams, said, "Top and bottom line growth was delivered by each of our segments in the second quarter against a backdrop of continued growth in North American new home construction and new product introductions." The Full Research Report on Masco 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/2d08_MAS]

Martin Marietta Materials Inc. Research Report

On July 30, 2013, Martin Marietta Materials, Inc. (Martin Marietta) reported its Q2 2013 financial results. The Company posted net sales growth of 3.6% YoY to $508.7 million during the quarter, primarily driven by pricing growth in all aggregates business product lines and new quarterly net sales records achieved by its specialty products business. The Company's net earnings increased 12.2% YoY to $41.3 million, and earnings per diluted share were $0.89 compared with $0.80 in Q2 2012. Commenting on the results, Ward Nye, President and Chief Executive Officer of Martin Marietta Materials, said, "The second quarter results also show our ability to manage through weather-related disruptions, which did not prevent us from performing well." For full year 2013, the Company anticipates to generate net sales between $350 million and $375 million and gross profit of $20 million to $22 million. The Full Research Report on Martin Marietta Materials 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/4192_MLM]

Lincoln Electric Holdings Inc. Research Report

On July 29, 2013, Lincoln Electric Holdings, Inc. (Lincoln Electric) reported its Q2 2013 financial results. The Company posted adjusted net income of $75.7 million, or $0.91 per diluted share, in Q2 2013, versus adjusted net income of $68.1 million, or $0.81 per diluted share, in Q2 2012. Sales for the quarter totaled $727.4 million compared to $744.0 million in Q2 2012. The Company's operating income totaled $104.3 million, up8.6% YoY.  Christopher L. Mapes, President and CEO of Lincoln Electric, said, "We are pleased by our ongoing profitability improvement which reflects solid execution of our operational and commercial initiatives globally. While we maintain a cautious outlook for the balance of the year on mixed end sector performance, we expect to continue to deliver solid margin and earnings performance from the benefits of our initiatives, new product introductions and the careful management of expenses." The Full Research Report on Lincoln Electric Holdings 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/3644_LECO]

Armstrong World Industries, Inc. Research Report

On July 29, 2013, Armstrong World Industries, Inc. (Armstrong) reported its Q2 2013 financial results. The Company posted consolidated net sales growth of 4.6% YoY to $706.6 million, driven by higher volumes in wood flooring and building products. Net income totaled $30.6 million or $0.51 per diluted shares, in Q2 2013, compared to $42.2 million or $0.71 per diluted shares, in Q2 2012. Operating income decreased 12.9% YoY to $67.6 million, due to increases in manufacturing and input costs. "Our second quarter consolidated results met our expectations, as sales and adjusted EBITDA were in the middle of our guidance range," said Matt Espe, Chief Executive Officer. For full-year 2013, the Company anticipates adjusted EBITDA to be in the range of $370 to $400 million, and adjusted diluted EPS to range between $2.00 and $2.30. The Full Research Report on Armstrong World Industries, 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/99d4_AWI]

Headwaters Inc. Research Report

On July 30, 2013, Headwaters Inc. (Headwaters) reported its Q3 2013 financial results. The Company posted total revenue of $197.0 million, an increase of 12.2% YoY. The Company's income from continuing operations was approximately $9.2 million, or $0.13 per diluted share, in Q3 2013, compared to income of $2.0 million or $0.03 per diluted share, in Q3 2012. Net income totaled $11.0 million or $0.15 per diluted share compared to a net loss of $13.0 million or $0.21 per diluted share in Q3 2012. "On a combined basis, we made excellent progress towards increasing our Adjusted EBITDA by driving top line growth, improving margins, and controlling costs," said Kirk A. Benson, Chairman and Chief Executive Officer. For full year 2013, the Company anticipates its adjusted EBITDA from continuing operations to be in the range of $110 to $125 million. The Full Research Report on Headwaters 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/a423_HW]

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 making 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 Analysts' Corner

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