Quarterly Results Announcements, Strategic Acquisitions, Stable Dividends, and New Manufacturing Locations - Research Report on Stanley Black & Decker, Timken, MRC, Kennametal and Proto Labs

NEW YORK, August 22, 2013 /PRNewswire/ --

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

Today, Analysts' Corner announced new research reports highlighting Stanley Black & Decker, Inc. (NYSE: SWK), Timken Co. (NYSE: TKR), MRC Global Inc. (NYSE: MRC), Kennametal Inc. (NYSE: KMT) and Proto Labs, Inc. (NYSE: PRLB). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Stanley Black & Decker, Inc. Research Report

On July 26, 2013, Stanley Black & Decker, Inc. (Stanley Black & Decker) released its Q2 FY 2013 (period ended June 29, 2013) financial results. The Company reported total revenue of $2.9 billion, up 11.8% YoY. Net earnings attributable to common shareowners came in higher at $187.1 million or $1.18 per diluted share, compared with $154.8 million or $0.92 per diluted share in Q2 FY 2012. Stanley Black & Decker's Chairman and CEO, John F. Lundgren, commented, "During the quarter we achieved strong organic growth particularly within CDIY and Industrial, bolstered by excellent growth across the emerging markets. We are also encouraged by positive second quarter Security order trends experienced in both North America and Europe which bode well for our second half Security performance." The Company reiterated its full-year FY 2013 guidance with GAAP EPS in the range of $4.46 to $4.71. The Full Research Report on Stanley Black & Decker, 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/f855_SWK]

--

Timken Co. Research Report

On August 6, 2013, The Timken Company's (Timken) Board of Directors declared a quarterly cash dividend of $0.23 per share. The Company informed that the dividend will be payable on September 4, 2013 to shareholders of record as of August 20, 2013. Timken also stated that the dividend marks the Company's 365th consecutive quarterly dividend paid on the common stock of the Company since 1922, representing one of the longest running dividend records among NYSE-listed companies. The Full Research Report on Timken Co. - 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/6d57_TKR]

--

MRC Global Inc. Research Report

On August 1, 2013, MRC Global, Inc. (MRC) released its Q2 2013 financial results. MRC reported sales of $1.3 billion, down 11.4% YoY due to a planned reduction in the Company's lower margin oil country tubular goods (OCTG) business. Adjusted EBITDA came in at $98.9 million, compared to $123.6 million in Q2 2012. Net income for the quarter grew to $43.9 million, or $0.43 per diluted share, compared to net income of $31.3 million, or $0.32 per diluted share in Q2 2012. Andrew R. Lane, MRC's Chairman, President and CEO, stated, "While our revenues reflect reduced upstream and midstream customer spending, primarily in the U.S., our efforts to improve operating margins and our fourth quarter 2012 debt refinancing actions to lower our interest costs are resulting in net income and earnings per share improvements. In addition, we are executing on our growth strategy through the previously announced acquisition of Flow Control Products in the Permian Basin and the announcement and implementation of new contracts with NiSource and Celanese during the quarter." The Company anticipates full year 2013 revenue to be in the range of $5.1 billion to $5.3 billion, adjusted EBITDA in the range of $385 million to $415 million, and diluted EPS between $1.65 and $1.85. The Full Research Report on MRC 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/0aba_MRC]

--

Kennametal Inc. Research Report

On August 1, 2013, Kennametal Inc. (Kennametal) announced that the acquisition of the operating assets of Comercializadora Emura S.R.L (Emura) and certain related entities, based in La Paz, Bolivia has been completed. As per the Company, Emura is the region's principal operation engaged in collection, testing, processing and exporting tungsten ore material and is a long-standing supplier to Kennametal. The Company claims that the addition of Emura enhances its strategic tungsten sourcing capabilities to serve growth globally. The Full Research Report on Kennametal 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/7f13_KMT]

--

Proto Labs, Inc. Research Report

On August 15, 2013, Proto Labs, Inc. (Proto Labs) announced that it has purchased the Plymouth Industrial Building at 2600 Niagara Lane, Plymouth, MN. According to Proto Labs, the new manufacturing locations will add additional manufacturing space to accommodate the Company's growing Protomold service. "Proto Labs new Plymouth building will be our fifth building at three different locations in the Twin Cities area," said President and CEO Brad Cleveland. "Proto Labs multi-million dollar investment in acquiring and rehabilitating this property in Plymouth will help facilitate the continued successful growth of our business." The Company expects the building to be operational in the spring of 2014. The Full Research Report on Proto Labs, 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/6ece_PRLB]

----

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 make 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.

AnalystsCorner.com

SOURCE Analysts' Corner