NEW YORK, July 22, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please
scroll to bottom.
Today, Analysts' Corner announced new research reports
highlighting Textron Inc. (NYSE: TXT), Northrop Grumman Corporation
(NYSE: NOC), Raytheon Co. (NYSE: RTN), Covanta Holding Corporation
(NYSE: CVA), and Donaldson Company, Inc. (NYSE: DCI). Today's
readers may access these reports free of charge - including full
price targets, industry analysis and analyst ratings - via the
links below.
Textron Inc. Research Report
On July 17, 2013, Textron Inc.
(Textron) reported its Q2 2013 financial results posting income
from continuing operations of $0.40
per share, compared to income of $0.58 per share in the Q2 2012. The Company's
total revenues were $2.8 billion, a
decrease of 6% YoY primarily reflecting lower business jet
deliveries. The Company's segment profit was $213 million compared to $310 million in Q2 2012, impacted by lower
business jet deliveries coupled with $28
million in pre-tax severance costs at Cessna. "Despite
weakness in European markets, we saw solid growth at Textron
Systems and our Industrial businesses, as well as continued strong
commercial orders at Bell," said Scott C.
Donnelly, Textron Chairman and Chief Executive Officer. "On
the other hand, business jet demand continued to be soft, but we
believe the cost, production and pricing actions we took are the
right actions to support future growth at Cessna." The Company also
confirmed its full-year 2013 EPS from continuing operations
guidance of $1.90 to $2.10. The Full
Research Report on Textron 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/756e_TXT]
--
Northrop Grumman Corporation Research
Report
On July 17, 2013, Northrop Grumman
Corp. (Northrop Grumman) reported that it has been awarded a new
$173 million performance-based
logistics contract by the Department of Defense. Under the
five-year agreement, Northrop Grumman will provide support and
sustainment services for the LITENING advanced targeting system.
"This award continues our 15-year partnership with the Department
of Defense in supporting the warfighters who rely on the LITENING
system," said Jim Mocarski, Vice
President of Airborne Tactical Sensors at Northrop Grumman
Electronic Systems. "Through this partnership, LITENING has
achieved greater than 97 percent availability and more than 650,000
combat flight hours, so warfighters know it will be ready for any
mission." The Full Research Report on Northrop Grumman 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/f842_NOC]
--
Raytheon Co. Research Report
On July 16, 2013, Raytheon Company
(Raytheon) and Chemring Group together announced that they are
finalizing plans to conduct a live missile firing of the multirole
CENTURION launcher at the Defence Training Estate on Salisbury
Plain during Q4 2013. "Our plan is to launch a missile to help
prove our capability against a maneuvering surface threat such as a
fast, swarming attack craft," said Rick
Nelson, Vice President of Raytheon Missile Systems' Naval
and Area Mission Defense product line. "Chemring's CENTURION
launcher, coupled with a number of Raytheon's combat-tested
missiles, brings an entirely new dimension to ship self-defense to
provide a sea-based, inside-the-horizon platform protection
system." The Full Research Report on Raytheon 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/1d55_RTN]
--
Covanta Holding Corporation Research
Report
On July 17, 2013, Covanta Holding
Corp. (Covanta) reported its Q2 2013 financial results. The Company
reported revenue of $413 million,
slightly higher as compared with $410
million in Q2 2012. The $3
million increase was due to the execution of organic growth
initiatives. Adjusted EBITDA decreased to $120 million, compared with $125 in Q2 2012. Adjusted EPS was down to
$0.10, compared with $0.15 in Q2 2012, primarily due to lower equity
income. Commenting on Covanta's results, Anthony Orlando, President and Chief Executive
Officer, stated, "We achieved solid results this quarter. Operating
performance was in line with our expectations and key financial
metrics came in slightly better than expected, as we had a modest
benefit from a power purchase agreement buyout. Furthermore, I'm
pleased with the progress on all of our organic growth initiatives
and look forward to a strong second half of the year." The Company
is reaffirming its guidance for full-year 2013 with adjusted EPS in
the range of $0.40 to $0.50. The Full
Research Report on Covanta Holding 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/b901_CVA]
--
Donaldson Company, Inc. Research
Report
On July 8, 2013, Donaldson Company
Inc. (Donaldson) announced the construction of a new manufacturing
plant in Skarbimierz, Poland. The
Company said that the new 108,000 square feet plant will cater to
the filtration needs of European and Russian customers. "We are
very pleased to add this new, state-of-the-art facility to our
extensive manufacturing and distribution base in Europe and have appreciated the ongoing
support of the Polish government and local Skarbimierz officials,"
said Wim Vermeersch, Vice President,
Europe, Middle East and Northern Africa. "Based on our Company's
Strategic Growth Plan, this new plant will allow us to further
increase our filter manufacturing capacity to meet our projected
OEM and Aftermarket Customer demand throughout Europe and Russia." The Company expects the new plant to
open in 2015, which will represent its third manufacturing presence
in Central and Eastern Europe. The
Full Research Report on Donaldson Company, 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/1d30_DCI]
----
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