Earnings Releases and Investor Conferences - Research Report on Lockheed Martin, General Dynamics, FLIR, Spirit AeroSystems, and Embraer

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Jul 31, 2013, 08:00 ET

NEW YORK, July 31, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Lockheed Martin Corporation (NYSE: LMT), General Dynamics Corp. (NYSE: GD), FLIR Systems, Inc. (NASDAQ: FLIR), Spirit AeroSystems Holdings, Inc. (NYSE: SPR), and Embraer SA (NYSE: ERJ). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Lockheed Martin Corporation Research Report

On July 23, 2013, Lockheed Martin Corporation (Lockheed Martin) released its Q2 2013 and H1 2013 financial results. Net sales for Q2 2013 were down 4.3% YoY to $11.4 billion. Net earnings were up 10% YoY to $859 million and diluted EPS was up 10.9% YoY to $2.64. Cash from operations was down 26.3% YoY to $623 million. H1 2013 net sales were down 3.2% YoY to $22.5 billion. Net earnings were up 11.8% YoY to approximately $1.6 billion and diluted EPS was up 12.7% YoY to $4.97. Cash from operations was up 107.8% YoY to $2.7 billion. Marillyn Hewson, President and CEO of Lockheed Martin, commented, "Overall, we had strong operational performance and program execution across all business areas this quarter, enabling us to increase 2013 financial guidance for operating profit, earnings per share, and cash from operations." The Company also increased its 2013 outlook for consolidated operating profit to be in the range of approximately $4.6 billion to $4.7 billion; diluted EPS in the range of $9.20 to $9.50; and cash from operations to be approximately $4.2 billion. The Full Research Report on Lockheed Martin 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/5cf2_LMT]

General Dynamics Corp. Research Report

On July 24, 2013, General Dynamics Corp. (General Dynamics) released its Q2 2013 and H1 2013 financial results. Q2 2013 revenues were down 0.1% YoY to approximately $7.9 billion. Operating earnings were down 1% YoY to $960 million. Net earnings were up 0.9% YoY to $640 million and diluted EPS was up 2.3% YoY to $1.81. For H1 2013, revenues were down 1.2% YoY to $15.3 billion. Operating earnings were down 1.3% YoY to $1.8 billion. Net earnings during H1 2013 were up 1.1% YoY to approximately $1.2 billion, whereas diluted EPS was up 2.7% YoY to $3.43. Phebe N. Novakovic, Chairman and CEO of General Dynamics stated, "General Dynamics' performance in the second quarter shows the results of our focus on operational excellence and discipline in our execution. We are committed to being the highest-value producer in each of the markets we serve, and to creating additional value through continuous improvement and shareholder-friendly capital deployment." The Full Research Report on General Dynamics Corp. - 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/3505_GD]

FLIR Systems, Inc. Research Report

On July 25, 2013, FLIR Systems, Inc. (FLIR) released its Q2 2013 and H1 2013 financial results. Q2 2013 revenues were up 15.1% YoY to $389.3 million. Net earnings were up 22.1% YoY to $50.2 million and diluted EPS was up 29.6% YoY to $0.35. For H1 2013, revenues were up 7.5% YoY to $737.9 million. Net earnings were up 14.1% YoY to $101.8 million and diluted EPS was up 22.8% YoY to $0.70 during Q2 2013. Andy Teich, President and CEO of FLIR, said, "We saw solid growth in revenue, operating income, cash flow, and earnings per share in the second quarter, and increased backlog in both divisions. We introduced several new products during the quarter, with more on the horizon. I am very excited about our future given our market presence, product suite, and ability to execute for our customers and our shareholders." For full-year 2013, the Company expects revenue in the range of $1.5 billion to $1.6 billion and net earnings per diluted share of $1.56 to $1.66. The Full Research Report on FLIR Systems, 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/335f_FLIR]

Spirit AeroSystems Holdings, Inc. Research Report

On July 26, 2013, Spirit AeroSystems Holdings, Inc. (Spirit AeroSystems) announced that it will release its Q2 2013 financial results on Tuesday, August 6, 2013 at 6:30 a.m. CT. Spirit AeroSystems reported that Larry Lawson, President and CEO, and Phil Anderson, Senior Vice President and CFO, will participate during the conference call at 10:00 a.m. CT, to discuss Q2 2013 results and the Company's outlook. The Full Research Report on Spirit AeroSystems Holdings, 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/ed38_SPR]

Embraer SA Research Report

On July 25, 2013, Embraer SA (Embraer) released its Q2 2013 financial results. Revenues were down 9.2% YoY to approximately $1.6 billion. Adjusted net income was down 42.2% YoY to $91.8 million. Net loss was $5.3 million, compared to net income of 54.6 million in Q2 2012. Net cash was down 80% YoY to $58 million. Embraer stated that it delivered 22 commercial and 29 executive (23 light and 6 large) jets during Q2 2013. The Company also reported that it has reached a record backlog of $17.1 billion - its highest level since Q3 2009, primarily led by significant orders in the Commercial aviation segment. The Full Research Report on Embraer SA - 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/9dc2_ERJ]

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