Operational Efficiencies, Diverse Product Offerings, Dividends and New Contracts Bring Steady Profits - Research Report on SPX, Graco, Crane, Colfax, and The Babcock & Wilcox Company

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Aug 06, 2013, 08:00 ET

NEW YORK, August 6, 2013 /PRNewswire/ --

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Today, Analysts' Corner announced new research reports highlighting SPX Corporation (NYSE: SPW), Graco Inc. (NYSE: GGG), Crane Co. (NYSE: CR), Colfax Corporation (NYSE: CFX), and The Babcock & Wilcox Company (NYSE: BWC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

SPX Corporation Research Report

On July 31, 2013, SPX Corp. (SPX) reported its Q2 2013 financial results with revenues of $1.2 billion, down 2% YoY. For Q2 2013, net income from continuing operations attributable to SPX was $36.9 million or $0.80 per diluted share, compared to $37.1 million or $0.73 per diluted share in Q2 2012. Chris Kearney, Chairman, President and CEO of SPX said, "Our primary focus this year is on operational improvement, reducing our cost base and returning capital to shareholders. We made very good progress on these commitments during the second quarter, second quarter earnings per share increased 10% over the prior year to $0.80. This was driven primarily by improved operational performance as segment income margins expanded 90 points." The Company now anticipates revenue for full year 2013 to be +/- 2% as compared to 2012 revenue, while EPS from continuing operations is expected to be $4.25 to $4.50. The Full Research Report on SPX 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/bfb1_SPW]

Graco Inc. Research Report

On July 24, 2013, Graco Inc. (Graco) reported its Q2 2013 financial results with net sales of $286 million, up 6.7% YoY. Net earnings totaled $57.8 million, up 68.4% YoY, whereas diluted EPS was $0.92, up 64.3% YoY. Patrick J. McHale, Graco's President and CEO, said, "Thanks to the great efforts and dedication of our employees and distributors around the world, Graco achieved new quarterly records in the second quarter for both sales and earnings, sales grew at a double-digit pace in the Americas, driven by 28% growth in our Contractor segment, which benefitted from an initial stocking of expanded product offerings in the home center channel and the ongoing recovery in the U.S. housing market." The Full Research Report on Graco 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/d93c_GGG]

Crane Co. Research Report

On July 22, 2013, Crane Co. (Crane) announced that its Board of Directors has approved a quarterly dividend increase of 7% to $0.30 per share. According to Crane, the dividend is payable on September 10, 2013 to shareholders of record at the close of business on August 30, 2013. The Company also informed that post this increase the expected annual dividend rate will be $1.20 per share. 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]

Colfax Corporation Research Report

On July 25, 2013, Colfax Corp. (Colfax) reported its Q2 2013 financial results with net sales up 2.7% YoY to $1.1 billion. Net income stood at $53.3 million or $0.52 per diluted share, compared to $7.3 million or $0.07 per diluted share for Q2 2012, while adjusted net income totaled $62 million or $0.56 per share compared to $43.1 million or $0.35 per share in Q2 2012. Adjusted operating income was $116.6 million, compared to $97.3 million in Q2 2012. Steve Simms, President and CEO, stated, "We are very pleased to report record operational results for the second quarter. The strong operating margins in both segments reflect the continued impact of our improvement plans. Although order growth in our long cycle gas- and fluid-handling business was impacted by trends specific to individual sectors, we anticipate solid growth in sales for this segment for the balance of 2013." 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]

The Babcock & Wilcox Company Research Report

On July 31, 2013, The Babcock & Wilcox Company (B&W) announced the its subsidiary Babcock & Wilcox Power Generation Group, Inc. and its joint venture with Burns & McDonnell Engineering Company, Inc. have been jointly awarded with a $110 million contract to replace equipment at Interstate Power and Light Company's (IPL) Ottumwa Generating Station power plant in Ottumwa, Iowa. The Company informed that the scope of the project includes turbine rotor replacement, boiler pressure parts replacement, and balance of plant equipment, as well as construction services. B& W further added that the boiler's pressure parts will be designed and supplied by B&W PGG. B&W PGG President and Chief Operating Officer J. Randall Data said, "We've been working closely with Burns & McDonnell to deliver outstanding service to our customer on this important EPC project. We appreciate the confidence IPL has shown in again selecting our team for work at the Ottumwa plant." According to B&W, material delivery for this portion of the project is scheduled for July 2014. The Full Research Report on The Babcock & Wilcox Company - 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/7c45_BWC]

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