Declared Dividends, Upcoming Investors Conferences, and Financial Results - Analyst Notes on Terex, Timken, Toro, Lincoln Electric, and Astec Industries
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NEW YORK, March 13, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Terex Corp. (NYSE: TEX), Timken Co. (NYSE: TKR), The Toro Co. (NYSE: TTC), Lincoln Electric Holdings Inc. (NASDAQ: LECO), and Astec Industries, Inc. (NASDAQ: ASTE). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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Terex Corp. Analyst Notes
On February 26, 2014, Terex Corp. (Terex) reported that its Board of Directors has declared a quarterly dividend of $0.05 per common share. According to the Company, stockholders of record as of the close of business on March 10, 2014 can collect dividend on March 19, 2014. The full analyst notes on Terex Corp. are available to download free of charge at:
http://www.AnalystsReview.com/03132014/TEX/report.pdf
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Timken Co. Analyst Notes
On March 4, 2014, Timken Co. (Timken) reported that it will participate at the Bank of America Merrill Lynch Global Industrials & EU Autos Investor Conference on March 18, 2014, at 2:50 p.m. in London (10:50 a.m. ET). The Company informed that Richard G. Kyle, Chief Operating Officer - Bearings and Power Transmission, and Philip D. Fracassa, CFO, will represent Timken at the event. Interested parties can access a live webcast of their presentations via the Company's website. Timken will also archive a replay of the webcast at its website through April 1, 2014. The full analyst notes on Timken Co. are available to download free of charge at:
http://www.AnalystsReview.com/03132014/TKR/report.pdf
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The Toro Co. Analyst Notes
On February 20, 2014, The Toro Co. (Toro) reported its financial results for Q1 FY 2014 (period ended January 31, 2014). Toro's net sales for the quarter grew 0.3% YoY to $446.0 million. Net earnings for Q1 FY 2014 were $25.9 million, down 17.6% YoY. Michael J. Hoffman, Toro's Chairman and CEO, commented, "Significant snowfall across key North American markets this winter season spurred retail demand for our snow products-helping to drive sales for the quarter and providing a solid start to our 2014 fiscal year. Although we are optimistic, it is early in our fiscal year, our peak selling season is still in front of us and we remain mindful of the challenges we could face if we encounter unfavorable swings in economic or weather conditions. As such, we will continue to focus on the things we can control-product innovation, customer service, and market execution-as well as our Destination 2014 goals of driving revenue growth and further improving productivity." Toro stated that it expects revenue growth for FY 2014 to be around 5-6%; and EPS to be around $2.90 to $2.95, while Q2 FY 2014 net EPS is expected to be around $1.45 to $1.50. The full analyst notes on The Toro Co. are available to download free of charge at:
http://www.AnalystsReview.com/03132014/TTC/report.pdf
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Lincoln Electric Holdings Inc. Analyst Notes
On February 20, 2014, Lincoln Electric Holdings Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.23 per common share. According to the Company, shareholders of record as of March 31, 2014 can collect dividend on April 15, 2014. The full analyst notes on Lincoln Electric Holdings Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03132014/LECO/report.pdf
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Astec Industries, Inc. Analyst Notes
On February 25, 2014, Astec Industries, Inc. (Astec Industries) reported its financial results for Q4 2013 and full year 2013. The Company's net sales in Q4 2013 were $223.9 million, versus $227.6 million in Q4 2012. Earnings from continuing operations for Q4 2013 were $8.3 million or $0.36 per diluted share, versus $5.5 million or $0.24 per diluted share in Q4 2012. For full year 2013, net sales were $933.0 million, versus $936.3 million in full year 2012. Earnings from continuing operations for full year 2013 were $39.0 million or $1.69 per diluted share, versus $34.0 million or $1.48 per diluted share in full year 2012. Benjamin G. Brock, CEO of Astec Industries, commented, "We were pleased with our bottom line results during the 4th Quarter of 2013, especially given the continued instability in the federal highway funding. On a positive note, the new turn-key wood pellet plant in Georgia is operating to our customer's satisfaction. Orders so far in 2014 have been steady. At the same time, we have continued to develop new products for the energy, mining and infrastructure industries. We will display 41 new products at the ConExpo show in Las Vegas during the first week of March. This will be the largest display in our history of exhibiting at this event. Our balance sheet remains strong with no debt and a strong cash position. We are continuing our acquisition efforts and will work to add companies that represent strategic fits for our business during 2014." The full analyst notes on Astec Industries, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03132014/ASTE/report.pdf
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