Maintaining Competitiveness through Operational Expansions, Certifications, and Quarterly Dividends - Research Report on GE, Cummins, Honeywell, Xylem, and Ingersoll-Rand
NEW YORK, August 6, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Investors' Reports announced new research reports highlighting General Electric Company (NYSE: GE), Cummins Inc. (NYSE: CMI), Honeywell International Inc. (NYSE: HON), Xylem Inc. (NYSE: XYL), and Ingersoll-Rand Plc. (NYSE: IR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
General Electric Company Research Report
On July 31, 2013, General Electric Company (GE) announced its plan to expand its existing oil and gas facility in Fót, Hungary, with a new 6,000-square-meter manufacturing hall, and an office building. According to GE, the Company will host the state-of-the-art manufacturing base of central unit control panels (UCP) for gas and steam turbine power plants, in order to align its production to new customer needs and to extend its technology capability, both locally and globally. "Over the past two decades, Hungary has been a key manufacturing location for GE. We consider Hungary to be a globally competitive epicenter not only for innovation but for skilled labor as well. The highly talented and motivated Hungarian workforce with their professional training and expertise is a significant advantage. We are pleased to expand our presence in Hungary," said Dave Cox, Global Supply Chain Leader, GE Oil & Gas. The Full Research Report on General Electric Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-01/GE]
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Cummins Inc. Research Report
On July 29, 2013, Cummins Inc. (Cummins) announced that its Columbus Engine Plant (CEP) has received ISO 50001 Energy Management System certification, thereby emerging as the first Cummins manufacturing facility to achieve this international accreditation. The International Organization for Standardization (ISO) certification recognizes companies' effective energy management systems capable of meeting goals for energy performance and greenhouse gas reduction. Jeff Caldwell, Executive Director of Viking Program and General Manager of Global Pickup/Van Business at Cummins, commented, "We believe the energy savings at CEP will be important to our future cost and resource effectiveness and our certification will help serve as a model for other Cummins plants to follow." The Company reported that the ISO 50001 is CEP's fourth certification. The Full Research Report on Cummins Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-01/CMI]
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Honeywell International Inc. Research Report
On July 26, 2013, Honeywell International Inc. (Honeywell) announced that its Board of Directors has approved a regular quarterly dividend of $0.41 per share on the Company's outstanding common stock. The dividend is payable on September 10, 2013 to shareholders of record at the close of the business on August 20, 2013. The Full Research Report on Honeywell International Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-01/HON]
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Xylem Inc. Research Report
On July 30, 2013, Xylem Inc. (Xylem) reported its Q2 2013 financial results. The Company reported adjusted net income of $0.36 per share compared to $0.49 per share in Q2 2012. GAAP net income for Q2 2013 was $46 million or $0.25 per diluted share, compared to net income of $89 million of $0.48 per diluted share in Q2 2012. Total revenues reported were $960 million, down 0.6% YoY. "While our second quarter results were lower than expected, we captured important contract wins in June, resulting in record orders of more than $1 billion in the quarter," said Gretchen McClain, President and Chief Executive Officer of Xylem. "We continue to take strong and decisive actions to position the company for efficient operation and profitable growth." The Company expects its full year 2013 revenues to be approximately $3.7 billion while adjusted net income is expected to be in the range of $260 to $279 million, or $1.40 to $1.50 per share. The Full Research Report on Xylem Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-01/XYL]
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Ingersoll-Rand Plc Research Report
On July 25, 2013, Ingersoll-Rand plc (Ingersoll-Rand) announced the proposed retirement of its Chief Financial Officer and Senior Vice President, Steve Shawley. The Company is conducting a search for his successor, and Shawley will continue in his current role until a successor is named, which is planned before the end of the year. Michael W. Lamach, Chairman and Chief Executive Officer of Ingersoll-Rand, commented, "Steve has been a key part in the company's growth and success, giving endlessly of his time and talents to strengthen the company." The Full Research Report on Ingersoll-Rand Plc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-01/IR]
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