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Scheduled Conference Calls, Financial Results, Extended Contracts, and Completed Acquisitions - Analyst Notes on Winnebago Industries, Thor, Motorcar Parts of America, Visteon and WABCO

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


News provided by

Analysts Review

Jun 20, 2014, 05:50 ET

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NEW YORK, June 20, 2014 /PRNewswire/ --


Today, Analysts Review released its analysts' notes regarding Winnebago Industries, Inc. (NYSE: WGO), Thor Industries, Inc. (NYSE: THO), Motorcar Parts of America, Inc. (NASDAQ: MPAA), Visteon Corporation (NYSE: VC) and WABCO Holdings Inc. (NYSE: WBC). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3925-100free.

--
Winnebago Industries, Inc. Analyst Notes
On June 12, 2014, Winnebago Industries, Inc. (Winnebago Industries) announced that it intends to issue an advisory release and host a conference call on June 26, 2014 before the market opens. The Company stated that in the advisory release it will notify that the complete and full-text press release that discusses the Q3 FY2014 financial results (period ended May 31, 2014) will be made available no earlier than 6:00 a.m. CDT. The Company informed that a conference call will follow the same day at 9 a.m. CDT to discuss the Q3 FY 2014 financial results. According to Winnebago Industries, a live webcast of the call, as well as its replay which will be archived for 90 days, will be made available on the Company's Investor Relations site. The full analyst notes on Winnebago Industries are available to download free of charge at:

http://www.analystsreview.com/Jun-20-2014/WGO/report.pdf

--
Thor Industries, Inc. Analyst Notes
On June 5, 2014, Thor Industries, Inc. (Thor) reported its Q3 FY 2014 financial results (period ended April 30, 2014) with net sales up 12.6% YoY to $1.05 billion. Net income registered $55.1 million, or $1.03 per diluted share, versus $43.8 million, or $0.82 per diluted share in Q3 FY 2013. According to the Company, the increase in sales resulted from the towable and motorized RVs, which rebounded during early 2014 shortly after severe winter weather. Bob Martin, Thor's President and CEO, said, "As we emerged from the tough conditions of the past winter, we were able to post improvements in sales and bottom-line results for the third quarter. We are in the process of addressing production capacity challenges as we are in the early stages of ramping up our newest motorized production facility in Elkhart, resulting in some short-term costs and inefficiencies which we expect will result in long-term gains in our operations." The full analyst notes on Thor are available to download free of charge at:

http://www.analystsreview.com/Jun-20-2014/THO/report.pdf

--
Motorcar Parts of America, Inc. Analyst Notes
On June 16, 2014, Motorcar Parts of America, Inc. (Motorcar Parts of America) reported its Q4 FY 2014 and full year FY 2014 (period ended March 31, 2014) financial results. Quarterly net sales increased 32.1% YoY to $76.7 million. Net income was $3.1 million, or $0.19 per diluted share, versus net loss of $73.7 million, or $5.08 per diluted share in Q4 FY 2013. For the full year FY 2014 net sales increased 21.4% YoY to $258.7 million. Net income was $107.4 million, or $7.01 per diluted share versus net loss of $91.5 million, or $6.36 per diluted share in full year FY 2013. According to the Company, the net income and net loss for both periods were impacted by the Company's former discontinued undercar business. Selwyn Joffe, Chairman, President and CEO of Motorcar Parts of America, said, "We anticipate our solid growth will continue on a year-over-year basis, supported by an aging vehicle population, new product introductions and further opportunities for manufacturing and distribution leverage." The full analyst notes on Motorcar Parts of America are available to download free of charge at:

http://www.analystsreview.com/Jun-20-2014/MPAA/report.pdf

--
Visteon Corporation Analyst Notes
On June 12, 2014, Visteon Corporation (Visteon) announced that its board of directors has extended the employment contract of Timothy D. Leuliette, President and CEO. According to the Company, Leuliette whose current contract was to expire on December 31, 2015, has now been extended through 2017. The Company stated that Leuliette served as President and CEO since October 1, 2012. Francis M. Scricco, Chairman of Visteon's Board of Directors, said, "Under Tim's leadership, Visteon has created significant value for customers and shareholders by delivering on the strategic plan first articulated in September 2012." The full analyst notes on Visteon are available to download free of charge at:

http://www.analystsreview.com/Jun-20-2014/VC/report.pdf

--
WABCO Holdings Inc. Analyst Notes
On June 10, 2014, WABCO Holdings Inc. (WABCO) announced that it successfully acquired the remaining 3.16% of Transics International, thus owning 100% of its securities. The Company announced that it acquired 96.84% of Transics International shares for a net consideration of €95.8 million on February 13, 2014. WABCO informed that for both the transactions it paid net consideration of €99.9 million in total. Nick Rens, WABCO's Executive Officer and Vice President, Trailer Systems, Aftermarket, and Off-Highway, said, "We reiterate that the synergy of WABCO and Transics superbly aligns with a WABCO strategic objective to further grow business with fleets around the world as we expand our portfolio of innovative solutions tailored to the specific needs of our global customer base." The full analyst notes on WABCO are available to download free of charge at:

http://www.analystsreview.com/Jun-20-2014/WBC/report.pdf

--
About Analysts Review
We do things differently. Our goal is to provide the best content to our exclusive membership. We are constantly hiring researchers, writers, editors and analysts to add to our team and become better than yesterday. If being a part of a fast growing community with an edge in today's market sounds interesting to you, then sign-up today and experience the full benefits of membership.


===============
EDITOR'S 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 produced on a best efforts basis by Rohit Tuli, a CFA charterholder. The content is then further fact checked and reviewed by an outsourced research provider. 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 pubco [at] http://www.analystsreview.com.

5. For any urgent concerns or inquiries, please contact us at compliance [at] http://www.analystsreview.com.

6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research [at] http://www.analystsreview.com 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 Analysts Review, represented by Rohit Tuli, CFA. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review 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
Analysts Review 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
Analysts Review 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 Analysts Review whatsoever for any direct, indirect or consequential loss arising from the use of this document. Analysts Review expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Analysts Review 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.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

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