Dividend Authorizations, Earnings Results, and Completed Acquisitions - Analyst Notes on Fluor, MasTec, Foster Wheeler, Primoris and Great Lakes
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NEW YORK, May 9, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Fluor Corporation (NYSE: FLR), MasTec, Inc. (NYSE: MTZ), Foster Wheeler AG (NASDAQ: FWLT), Primoris Services Corporation (NASDAQ: PRIM) and Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2235-100free.
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Fluor Corporation Analyst Notes
On May 1, 2014, Fluor Corp. (Fluor) announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.21 per share on the Company's common stock. The Company informed that the dividend is payable on July 2, 2014 to shareholders of record on June 3, 2014. The full analyst notes on Fluor are available to download free of charge at:
http://www.analystsreview.com/2235-FLR-09May2014.pdf
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MasTec, Inc. Analyst Notes
On May 1, 2014, MasTec, Inc. (MasTec) reported its Q1 2014 financial results with revenue growth of 4.9% YoY to $964.0 million. The Company stated that the increase in revenue was primarily driven by a 19% increase in the Oil and Gas segment and a 5% increase in Communications, reflecting a 27% increase in wireless projects. Net income from continuing operations was $16.2 million, or $0.19 per diluted share, compared to $19.3 million, or $0.23 per diluted share in Q1 2013. Jose R. Mas, MasTec's CEO, commented, "Despite a slow start to the year due to widespread and severe winter weather disruptions, we continue to see excellent long-term momentum in the markets that we serve. We expect another record year in 2014 and continue to be excited about growth opportunities in 2015 and beyond." The Company anticipates full-year 2014 revenue of $4.7 to $4.8 billion. The full analyst notes on MasTec are available to download free of charge at:
http://www.analystsreview.com/2235-MTZ-09May2014.pdf
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Foster Wheeler AG Analyst Notes
On May 6, 2014, Foster Wheeler AG (Foster Wheeler) announced that a subsidiary of its Global Power Group completed the acquisition of the Siemens Environmental Systems and Services business on April 30, 2014. The Siemens Environmental Systems and Services purchase includes assets of the former Wheelabrator Air Pollution Control Company located in Pittsburgh, Pennsylvania and the Advanced Burner Technology Company located in Branchburg, New Jersey. "With environmental legislation becoming increasingly stringent around the world, we wanted to be in a better position to address these environmental challenges for our clients," said Gary Nedelka, CEO of Foster Wheeler's Global Power Group. "Foster Wheeler now offers a full array of solutions to meet both tightening environmental regulations and the growing demand for energy on a global basis." The full analyst notes on Foster Wheeler are available to download free of charge at:
http://www.analystsreview.com/2235-FWLT-09May2014.pdf
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Primoris Services Corporation Analyst Notes
On May 6, 2014, Primoris Services Corp. (Primoris) reported its unaudited Q1 2014 financial results with revenues of $470.1 million, up 14.7% YoY. Net income attributable to Primoris was $10.8 million or $0.21 per diluted share compared to $9.8 million or $0.19 per diluted share in Q1 2013. Brian Pratt, Chairman, President and CEO of Primoris commented, "We are encouraged by our first quarter results, which saw double-digit growth in both the top and bottom line. With the difficult weather conditions encountered in this quarter, it was not a surprise that our overall margin percentage declined, but this decrease was more than offset by our revenue increase." The Company had announced on May 2, 2014 that its Board of Directors authorized c.$0.04 per share cash dividend to stockholders of record on June 30, 2014, payable on or about July 15, 2014. The full analyst notes on Primoris are available to download free of charge at:
http://www.analystsreview.com/2235-PRIM-09May2014.pdf
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Great Lakes Dredge & Dock Corporation Analyst Notes
On May 6, 2014, Great Lakes Dredge & Dock Corporation (Great Lakes) reported its unaudited Q1 2014 financial results with revenue of $174.4 million, down 3.2% YoY. Net loss from continuing operations was $2.5 million compared to $4.8 million in Q1 2013. Katie Hayes, Interim CFO stated, "Despite the slow start to the year, we were able to decrease our investment in working capital, and keep debt levels fairly constant with year-end. The Company continues to focus on driving higher operating cash flows and to critically evaluate spending priorities on our investment in equipment." The full analyst notes on Great Lakes are available to download free of charge at:
http://www.analystsreview.com/2235-GLDD-09May2014.pdf
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