Conference Schedules, Deal Funding Updates, Prestigious Contracts, Earnings Releases, and Strategic Acquisitions - Analyst Notes on Whirlpool, U.S. Bank, Honeywell, Precision Castparts and D.R. Horton
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NEW YORK, May 16, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Whirlpool Corporation (NYSE: WHR), U.S. Bancorp (NYSE: USB), Honeywell International Inc. (NYSE: HON), Precision Castparts Corporation (NYSE: PCP) and D.R. Horton Inc. (NYSE: DHI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2562-100free.
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Whirlpool Corporation Analyst Notes
On May 12, 2014, Whirlpool Corporation (Whirlpool) announced that it will be presenting at the 7th Annual J.P. Morgan Homebuilding & Building Products Conference on May 14, 2014 at 11:00 a.m. ET at the J.P. Morgan Headquarters in New York City. The Company informed that Larry Venturelli, Executive Vice President and CFO, will be representing it at the conference. In addition to this, the Company stated that it will be reaffirming its full-year 2014 guidance during the presentation. The full analyst notes on Whirlpool are available to download free of charge at:
http://www.analystsreview.com/2562-WHR-16May2014.pdf
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U.S. Bancorp Analyst Notes
On May 8, 2014, U.S. Bancorp (U.S. Bank) announced that it will provide more than $2.6 million in New Markets Tax Credit equity for the next phase of construction at Brunswick Landing, an extensive renovation of the former Naval Air Station Brunswick campus. The Company stated that its financing will fund the renovation of a 9,000-square-foot facility on the Brunswick campus into space for Providence Services Corporation. Laura Vowell, Vice President, U.S. Bancorp Community Development Corp., the U.S. Bank subsidiary, said, "We're pleased to play a role in funding the next phase of Brunswick Landing. This redevelopment project combines essential social services with innovative commercial and industrial space, giving Brunswick an economic boost for years to come." The full analyst notes on U.S. Bank are available to download free of charge at:
http://www.analystsreview.com/2562-USB-16May2014.pdf
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Honeywell International Inc. Analyst Notes
On May 8, 2014, Honeywell International Inc. (Honeywell) announced that its UOP Oleflex™ Process technology has been selected by China's Lijin Petrochemical Plant Co., Ltd. (Lijin Petrochemical) to produce isobutylene, an important ingredient for fuels and synthetic rubber. The Company informed that Lijin Petrochemical will also use Honeywell's UOP Butamer™ process, which converts normal butane into isobutane to increase feedstock flexibility for the UOP Oleflex process. Pete Piotrowski, Senior Vice President and General Manager of Honeywell's UOP Process Technology and Equipment business unit, said, "UOP's Oleflex technology will be used in China to produce about 1 million metric tons annually of isobutylene, and we look forward to working with Lijin to make this project a success." The full analyst notes on Honeywell are available to download free of charge at:
http://www.analystsreview.com/2562-HON-16May2014.pdf
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Precision Castparts Corporation Analyst Notes
On May 8, 2014, Precision Castparts Corporation (Precision Castparts) announced financial results for Q4 FY 2014 (period ended March 30, 2014). Precision Castparts reported sales of $2.53 billion in Q4 FY 2014, up 4% YoY, and in line with Reuters' consensus estimate of $2.52 billion. According to the Company, forged products sales were $1.1 billion in Q4 FY 2014, up 0.18% YoY. Precision Castparts stated that interconnect pipe sales continued a solid upward trajectory, showing an increase of 28% YoY. The net income attributable to Precision Castparts increased to $484 million, or $3.31 per diluted share, from $415 million, or $2.82 per diluted share, in Q4 FY 2013. On average, analysts polled by Reuters expected the Company to report EPS of $3.20. The full analyst notes on Precision Castparts are available to download free of charge at:
http://www.analystsreview.com/2562-PCP-16May2014.pdf
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D.R. Horton Inc. Analyst Notes
On May 9, 2014, D.R. Horton, Inc. (D.R. Horton) announced the acquisition of the homebuilding operations of Crown Communities (Crown) for approximately $210 million in cash. D.R. Horton informed that the homebuilding assets acquired include a sales order backlog of nearly 420 homes sold, 640 homes in inventory and 2,350 lots. D.R. Horton also acquired control of approximately 3,400 lots through option contracts. Donald R. Horton, Chairman of the Board, said, "We are excited about combining the two largest builders in the Atlanta area to establish double-digit market share for D.R. Horton. The acquisition also adds the Augusta, GA and Spartanburg, SC markets to our expansive geographic footprint, while strengthening our presence in Greenville and Columbia, SC. We believe the combined D.R. Horton and Crown team will be a strong platform for further growth in these dynamic markets in the Southeast." The full analyst notes on D.R. Horton are available to download free of charge at:
http://www.analystsreview.com/2562-DHI-16May2014.pdf
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