Dividend Authorizations, Exhibition Displays, New Contracts, and Earnings Results - Analyst Notes on Flowserve, Dresser-Rand, Exelis, Regal Beloit and HEICO
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, May 28, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Flowserve Corp. (NYSE: FLS), Dresser-Rand Group Inc. (NYSE: DRC), Exelis, Inc. (NYSE: XLS), Regal Beloit Corporation (NYSE: RBC) and HEICO Corp. (NYSE: HEI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3003-100free.
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Flowserve Corp. Analyst Notes
On May 22, 2014, Flowserve Corp. (Flowserve) announced that its Board of Directors has authorized and declared a quarterly cash dividend in the amount of $0.16 per share on the Company's outstanding shares of common stock. The dividend is payable on July 11, 2014, to shareholders of record as of the close of the business on June 27, 2014. The full analyst notes on Flowserve are available to download free of charge at:
http://www.analystsreview.com/FLS.pdf/Register
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Dresser-Rand Group Inc. Analyst Notes
On May 20, 2014, Dresser-Rand Group Inc. (Dresser-Rand) announced its plans to showcase its Guascor® biogas engines at the Water Institute of Southern Africa (WISA) Biennial Conference & Exhibition 2014. Dresser-Rand's Guascor engines can be equipped with mechanical or electronic carburetion control and are adaptable to any type of low heat value (LHV) gas. The Exhibition is being held in Cape Town, South Africa from May 25 to May 29, 2014. The full analyst notes on Dresser-Rand are available to download free of charge at:
http://www.analystsreview.com/DRC.pdf/Register
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Exelis, Inc. Analyst Notes
On May 22, 2014, Exelis, Inc. (Exelis) announced that it has been awarded two contracts from the General Dynamics UK. The contract is set to support the U.K. Ministry of Defence tactical communications modernization and logistics, supply and support for existing tactical radios. The first award is a five-year contract to provide post-engineering design services for VHF and UHF radios manufactured by Exelis for the U.K. Bowman team, while the second contract is a five-year contract for logistics, supply and support of current tactical radios fielded as part of the Bowman program. "The work Exelis will do under these contracts will ensure that the MoD's current tactical radio fleet is fully supported through the transition to the next generation of modern tactical radios for U.K. forces," said Chris Reith, the Managing Director of Exelis Defence Limited in Basingstoke, Hampshire, U.K. According to the Company, the contracts will take place at the Exelis Basingstoke facility. The full analyst notes on Exelis are available to download free of charge at:
http://www.analystsreview.com/XLS.pdf/Register
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Regal Beloit Corporation Analyst Notes
On May 23, 2014, Regal-Beloit Corp. (Regal-Beloit) stock ended the day at $76.75, compared to the previous day's closing price at $76.87, which represents a 0.16% decline. The Company's stock increased 2.87% over the past three trading days, compared to the Dow Jones Industrial Average which rose 1.42% and to S&P 500 which rose 1.48% during the same trading period. The full analyst notes on Regal Beloit are available to download free of charge at:
http://www.analystsreview.com/RBC.pdf/Register
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HEICO Corp. Analyst Notes
On May 20, 2014, HEICO Corp. (HEICO) reported its Q2 FY 2014 financial results (period ended April 30, 2014). The Company reported net income of $28.4 million, or $0.42 per diluted share, compared to $23.7 million, or $0.35 per diluted share, in Q2 FY 2013. Operating income totaled $49.2 million, up 10.0% YoY. Net sales for the quarter grew 18.7% YoY to $282.2 million. Laurans A. Mendelson, HEICO's Chairman and CEO, commented, "We are pleased to report another outstanding quarter resulting from record net sales and operating income within the Flight Support Group and continued year-over- year growth in net sales within the Electronic Technologies Group." He continued, "During the remainder of fiscal 2014, we plan to remain focused on new product development, further market penetration, executing our acquisition strategies and maintaining our financial strength." The full analyst notes on HEICO are available to download free of charge at:
http://www.analystsreview.com/HEI.pdf/Register
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