Global Market Position to Strengthen through Acquisitions and Promotions - Research Report on PCC, Lincoln Electric, Chart, AZZ, and EnPro
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NEW YORK, July 3, 2013 /PRNewswire/ --
Today, Wall Street Reports announced new research reports highlighting Precision Castparts Corp. (NYSE: PCP), Lincoln Electric Holdings, Inc. (NASDAQ: LECO), Chart Industries, Inc. (NASDAQ: GTLS), AZZ Incorporated (NYSE: AZZ), and EnPro Industries, Inc. (NYSE: NPO). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Precision Castparts Corp. Research Report
On June 27, 2013 Precision Castparts Corp. (PCC) announced that it has agreed to acquire Permaswage SAS (Permaswage), a designer and manufacturer of aerospace fluid fittings, for $600 million. "The acquisition of Permaswage continues our disciplined drive to enhance our value proposition to our airframe customers," said Mark Donegan, Chairman and CEO of PCC. "Permaswage has secured strong permanent fittings positions on key current and next-generation commercial aircraft platforms, and the long-term opportunities for profitable growth that we can derive from this acquisition are substantial." The Company expects the transaction to be completed during Q2 2014, following which its results will be reported as part of the Airframe Products segment. The Full Research Report on Precision Castparts Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/ad51_PCP]
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Lincoln Electric Holdings, Inc. Research Report
On June 26, 2013, Lincoln Electric Holdings, Inc. (Lincoln Electric) announced a new promotion offer on its popular Robotic Welding Education Cell. During the promotion offer, "Putting the Right Skills in Hands of Our Students" customers can choose between a free Miniflex Portable Weld Fume Control System or a $2,000 discount on the purchase of a new Robotic Welding Education Cell. As per the Company, the promotion runs from July 1, 2013 through December 31, 2013 and is eligible only with the purchase of new Robotic Education Cell. "A Robotic Education Cell offers the opportunity to teach skills required for advanced manufacturing today in a variety of environments, from a classroom to a lab to a recruitment event," said Deanna Postlethwaite, Business Unit Manager at Lincoln Electric. The Full Research Report on Lincoln Electric Holdings, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/3f4b_LECO]
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Chart Industries, Inc. Research Report
On June 27, 2013, Chart Industries, Inc. (Chart) announced that its wholly-owned subsidiary, Chart Asia Investment Co., Ltd. (Chart Asia), has completed the purchase of an 80% equity interest in Nanjing Xinye Electric Engineering Co., Ltd (Xinye). According to the Company, the remaining 20% will be retained by the original shareholder, Liu Yadong. Xinye will be operated as part of Chart's Distribution & Storage (Chart D&S) business segment. As per the Company, the joint venture is expected to provide Chart with localized key dispensing and control technology and increase its penetration into the high growth natural gas markets in the Asian region, as well as extend its LNG product offerings in China. "Xinye has been a strategic supplier of LNG dispensers and control systems and the JV solidifies our supply of critical components for a variety of LNG applications beginning with vehicle fueling," said Tom Carey, President of Chart D&S. The Full Research Report on Chart Industries, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/4478_GTLS]
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AZZ Incorporated Research Report
On June 28, 2013, AZZ Incorporated (AZZ) announced unaudited financial results for Q1 FY 2014 (period ended May 31, 2013). The Company generated revenues of $183.2 million, an increase of 44.1% YoY. Q1 FY 2014 net income was $14.5 million, or $0.57 per diluted share, compared to Q1 FY 2013 net income of $16 million, or $0.63 per diluted share. "AZZ continues to demonstrate our commitment to growth through acquisitions and has strengthened our position globally, especially in the power generation and petrochemical markets," said David H. Dingus, President and CEO of AZZ. "We are excited about our growth opportunities with the addition of a service offering to our portfolio, following the Aquilex SRO acquisition." For full-year FY 2014, the Company expects revenues to be in the range of $825 million to $900 million, and earnings in the range of $2.65 to $2.95 per diluted share. The Company expects Q2 FY 2014 revenue to range from $195 million to $210 million, and earnings to range from $0.60 to $0.70 per diluted share. The Full Research Report on AZZ Incorporated - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/836b_AZZ]
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EnPro Industries, Inc. Research Report
On June 28, 2013, EnPro Industries, Inc. (EnPro) announced that its 3.9% Convertible Senior Debentures due 2015 with an aggregate principal amount of $172.5 million will remain convertible by the debenture holders through September 30, 2013. EnPro stated that the Debentures maybe convertible even after September 30, 2013, if one or more of the conversion conditions specified in the Indenture is satisfied during future measurement periods. If conversion requests are received, the settlement of the Debentures will be paid pursuant to the terms of the Indenture, which calls for conversion into a combination of cash and common stock of the Company. The Company also informed that holders who complete all requirements for conversion of the Debentures before the close of business on October 15, 2015 will be considered to have converted the Debentures before the close of business on the stated maturity date. The Full Research Report on EnPro Industries, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/aa05_NPO]
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SOURCE Wall Street Reports
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