Leadership Appointments, Dividend Authorizations, and Earnings Results - Analyst Notes on ABB, Nordson, Babcock & Wilcox, ITT and Rexnord
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NEW YORK, May 28, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding ABB Ltd. (NYSE: ABB), Nordson Corporation (NASDAQ: NDSN), The Babcock & Wilcox Company (NYSE: BWC), ITT Corporation (NYSE: ITT) and Rexnord Corporation (NYSE: RXN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3001-100free.
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ABB Ltd. Analyst Notes
On May 8, 2014, ABB Ltd. (ABB) announced that Christoph Sieder has been appointed as the Company's head of Group Corporate Communications. "Christoph Sieder will be instrumental in further strengthening the ABB brand," said ABB's CEO, Ulrich Spiesshofer. "With him on board and our strong existing team, we have an outstanding communications capability to support us in taking ABB to the next level." According to the Company, Mr. Sieder has had an extensive experience as a global communications manager, having led communications departments at leading companies in the chemical, technology and automotive sectors. The full analyst notes on ABB are available to download free of charge at:
http://www.analystsreview.com/ABB.pdf/Register
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Nordson Corporation Analyst Notes
On May 13, 2014, Nordson Corp. (Nordson) announced that its Board of Directors has declared quarterly cash dividend in the amount of $0.18 per share for Q3 2014. Nordson informed that the dividend is payable on June 10, 2014, to shareholders of record as of the close of the business on May 27, 2014. The full analyst notes on Nordson are available to download free of charge at:
http://www.analystsreview.com/NDSN.pdf/Register
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The Babcock & Wilcox Company Analyst Notes
On May 12, 2014, The Babcock & Wilcox Company (Babcock & Wilcox) reported its Q1 2014 financial results with revenues of $662.0 million, down 17.8% YoY. Operating income totaled $53.6 million compared to $60.2 million in Q1 2013. GAAP net income totaled $41.2 million during the quarter, compared to $44.9 million in Q1 2013. GAAP EPS were $0.41 which remains unchanged from $0.41 in Q1 2013. Further, on May 9, 2014, the Company declared a regular quarterly cash dividend in the amount of $0.10 per common share. The dividend will be payable on June 13, 2014 to shareholders of record on May 23, 2014. "We are making significant progress on the key objectives we set forth for 2014. Actions have been initiated to reduce mPower spending to an annual rate of approximately $15 million and we continue to work with the Department of Energy and our other stakeholders to confirm the best path forward for this technology." said E. James Ferland, President and CEO of Babcock & Wilcox. "We also remain committed to increasing share buyback activity in the balance of 2014." The full analyst notes on Babcock & Wilcox are available to download free of charge at:
http://www.analystsreview.com/BWC.pdf/Register
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ITT Corporation Analyst Notes
On May 20, 2014, ITT Corp. (ITT) announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.11 per share on the Company's outstanding stock. The dividend is payable on July 1, 2014, to shareholders of record as of the close of business on June 13, 2014. The full analyst notes on ITT are available to download free of charge at:
http://www.analystsreview.com/ITT.pdf/Register
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Rexnord Corporation Analyst Notes
On May 21, 2014, Rexnord Corp. (Rexnord) reported its Q4 FY 2014 and FY 2014 financial results (period ended March 31, 2014). For the quarter, the Company reported net sales growth of 5.4% YoY to $569.7 million. Income from operations also grew to 4.9% YoY to $78.5 million in Q4 FY 2014. Net income totaled $39.9 million, up 66.9% YoY in Q4 FY 2014. Diluted EPS from continuing operations were $0.39, compared to $0.24 in Q4 FY 2013. FY 2014 net sales totaled $2.1 billion, up 3.8% YoY. Net income from continuing operations totaled $29.6 million compared to $54.9 million in FY 2013. Diluted EPS from continuing operations were $0.29, compared to $0.55 in FY 2013. Todd A. Adams, President and CEO of Rexnord, commented, "We're pleased with our fourth quarter results in light of some challenging market conditions during the quarter." For FY 2015, the Company anticipates adjusted EPS to be in the range of $1.60 to $1.70. The full analyst notes on Rexnord are available to download free of charge at:
http://www.analystsreview.com/RXN.pdf/Register
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