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Redemption of Notes, Dividends, Monthly Sales and Financial Results, and Joint Ventures - Research Report on United Technologies, Fastenal, Quanta, MLM, and Luxfer

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


News provided by

Analysts' Corner

Sep 02, 2013, 08:00 ET

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

Today, Analysts' Corner announced new research reports highlighting United Technologies Corp. (NYSE: UTX), Fastenal Company (NASDAQ: FAST), Quanta Services, Inc. (NYSE: PWR), Martin Marietta Materials Inc. (NYSE: MLM), and Luxfer Holdings PLC (NYSE: LXFR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

United Technologies Corp. Research Report

On August 28, 2013, United Technologies Corp. (United Technologies) called for redemption of all outstanding Goodrich 3.60% Notes due 2021 with a principal amount of $294.2 million. According to the Company, the redemption date for the 2021 Notes will be September 27, 2013. The Full Research Report on United Technologies Corp. - 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/96c3_UTX]

--

Fastenal Company Research Report

On August 5, 2013, Fastenal Company (Fastenal) reported its July 2013 sale information. Net sales stood at $282.3 million, up 7.8% YoY, while daily sales totaled $12.8 million, up 2.9% YoY. According to the Company, foreign currency changes (primarily Canada) relative to the US dollar negatively impacted its daily sales growth rate by 0.2% during the month, while sales during the month of July 2013 were severely impacted by the timing of July 4th. Fastenal added that its manufacturing customers grew 2.1% and non-residential construction customers contracted 0.1% during the month. The Company also reported that it will release its next monthly sales information on September 5, 2013 at 6:00 a.m. CT. The Full Research Report on Fastenal Company - 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/7d6f_FAST]

--

Quanta Services, Inc. Research Report

On August 1, 2013, Quanta Services Inc. (Quanta) reported its Q2 2013 financial results. Revenue totaled $1.5 billion compared to $1.4 billion in Q2 2012. Net income from continuing operations attributable to common stock was $70.2 million, or $0.33 per diluted share, in Q2 2013, compared to net income of $57.9 million, or $0.27 per diluted share, in Q2 2012. "Quanta continues to capitalize on positive industry trends with solid execution by our electric power and natural gas and pipeline operations. This led to 22 percent growth in diluted earnings per share in the quarter and record total backlog at June 30, 2013," said Jim O'Neil, President and CEO of Quanta Services. "Our business remains very active and as a result we are raising our 2013 annual guidance." For Q3 2013, the Company anticipates revenues to range between $1.7 billion and $1.8 billion and diluted EPS from continuing operations to be $0.39 to $0.41. The Full Research Report on Quanta Services, 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/0f02_PWR]

--

Martin Marietta Materials Inc. Research Report

On August 23, 2013, Martin Marietta Materials Inc. (MLM) announced that its Board of Directors has declared a regular quarterly cash dividend on the amount of $0.40 per share on the Company's common stock. According to the Company, the dividend represents a cash dividend of $1.60 per share on an annualized basis. The dividend is payable on September 30, 2013 to shareholders of record as on September 3, 2013. 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]

--

Luxfer Holdings PLC Research Report

On August 12, 2013, Luxfer Holdings PLC (Luxfer Group) announced that it has entered into a joint venture with GTM Technologies, a division of IGX Group Inc., a supplier of industrial gases and gas-related equipment. According to the Company, the joint venture is focused on the rapidly growing North American market for storage and transportation of compressed natural gas (CNG). Brian Purves, CEO of Luxfer Group, said, "IGX and GTM have developed a real expertise in the area of gas-containment modules, and Luxfer Group sees the 'alternative fuel' market as a key growth sector for our advanced composite cylinder technology. Many of the opportunities in this sector are large-scale, and this new joint venture combines our resources to better service customer needs in this growing sector." The Full Research Report on Luxfer Holdings PLC - 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/f90a_LXFR]

----

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.

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