New Contracts, Appointments, Strong Cash Flows, and Margin Expansions Solidify Investments - Research Report on Danaher, IDEX, Crane, Xylem, and Colfax
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NEW YORK, July 25, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Danaher Corp. (NYSE: DHR), IDEX Corporation (NYSE: IEX), Crane Co. (NYSE: CR), Xylem Inc. (NYSE: XYL), and Colfax Corporation (NYSE: CFX). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Danaher Corp. Research Report
On July 18, 2013, Danaher Corp. (Danaher) announced its Q2 FY 2013 (period ended June 28, 2013) financial results with net earnings of $616.8 million, or $0.87 per diluted share, compared to $600.2 million, or $0.84 in Q2 FY 2012. Revenues totaled $4.7 billion, an increase of 4% YoY. H. Lawrence Culp, Jr., President and Chief Executive Officer, stated, "Core revenue growth in the quarter was slightly better than we anticipated and, combined with our team's outstanding execution, led to earnings outperformance, excellent margin expansion and superior cash flow. As we look to the second half of the year, we maintain a conservative macro outlook, while remaining confident in our ability to deliver solid operating margin expansion. Our earnings outperformance in the second quarter allows us to make additional high impact growth investments and to fund productivity and efficiency initiatives that we believe will position us well for the balance of 2013 and beyond." The Company anticipates GAAP diluted net earnings per share for Q3 FY 2013 (period ending September 27, 2013) will be in the range of $0.78 to $0.83, whereas it narrowed its full-year FY 2013 adjusted diluted net earnings per share guidance in the range of $3.37 to $3.42. The Full Research Report on Danaher 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/e2db_DHR]
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IDEX Corporation Research Report
On July 22, 2013, IDEX Corp. (IDEX) announced its Q2 2013 financial results with net income of $63 million, compared to $56 million in Q2 2012. EPS was $0.76 compared to $0.67 in Q2 2012. The Company's EBITDA totaled $119 million, representing an 11% YoY increase. Andrew K. Silvernail, Chairman and Chief Executive Officer, said, "We delivered strong performance in our second quarter margins, EPS and free cash flow. Consistent with our message from earlier in the year and given global economic conditions, organic growth continues to be a challenge. We planned for this difficult organic environment and through disciplined execution we delivered 190 basis points of gross margin expansion, 70 basis points of operating margin improvement and 13 percent EPS growth." The Full Research Report on IDEX 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/b553_IEX]
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Crane Co. Research Report
On July 22, 2013, Crane Co. (Crane) reported its Q2 2013 financial results posting earnings of $0.93 per diluted share compared to $1.07 in Q2 2012. The Company's sales totaled $648.7 million, down compared to $657.7 million in Q2 2012. Operating profit increased 28.1% YoY to $88.8 million. "We are pleased to report second quarter EPS of $1.06 per share, excluding the MEI transaction costs," said Eric C. Fast, Chief Executive Officer of Crane. "On a slight decline in revenues, total Company operating margins expanded 200 basis points to a record 14.8%, led by solid execution in our Fluid Handling segment and strong productivity across the Company. Based on our expectation of record earnings this year and confidence in the future, we have increased our quarterly dividend by 7%." The Company expects 2013 EPS to be in the range of $4.10 to $4.25 per share, excluding Special Items. The Full Research Report on Crane Co. - 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/c1b2_CR]
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Xylem Inc. Research Report
On July 15, 2013, Xylem Inc. (Xylem) announced that it has been awarded a contract to provide ultraviolet (UV) drinking water treatment solutions to Sweden's largest UV disinfection facility. "Being involved in the development of the largest UV disinfection facility in Sweden is further evidence of our world-leading expertise in UV and ozone water treatment," said Ron Port, Vice President for Xylem's Treatment Business Unit. "Our advanced, sustainable technologies will help to address challenges at Sydvatten AB Waterworks and will deliver chemical-free, clean and safe water for southern Sweden." The Xylem solutions will help deliver clean, treated drinking water to 900,000 people across 16 municipalities. The Full Research Report on Xylem 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/c0ed_XYL]
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Colfax Corporation Research Report
On July 19, 2013, Colfax Corp. (Colfax) announced the appointment of Farand Pawlak as Director, Investor Relations with immediate effect. Farand will hold the responsibilities for all IR initiatives including quarterly results and corporate announcements, investor outreach and marketing efforts. Farand has 15 years of finance and accounting experience in a variety of companies and held a number of roles with responsibilities ranging from operational finance roles to investor relations. The Full Research Report on Colfax 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/1585_CFX]
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SOURCE Analysts' Corner
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