Quarterly Earnings, Divestment Updates, and Company Response on Lawsuit - Research Reports on Eaton, Emerson, Honeywell, Illinois and Waste Management
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NEW YORK, November 3, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Eaton Corporation plc (NYSE: ETN), Emerson Electric Co. (NYSE: EMR), Honeywell International Inc. (NYSE: HON), Illinois Tool Works Inc. (NYSE: ITW) and Waste Management, Inc. (NYSE: WM). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7634-100free.
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Eaton Corporation plc Research Reports
On October 29, 2014, Eaton Corporation plc (Eaton) announced its Q3 2014 financial results with net income increasing to $602 million, or $1.26 per diluted share, from $510 million, or $1.07 per diluted share, in Q3 2013. Excluding special-items, the Company said it earned $1.29 per share in the quarter, compared to the average estimates of $1.23 per share in a Reuters' poll of analysts. The Company's net sales during the quarter rose 2.2% YoY to $5.7 billion, missing the consensus estimates of $5.8 billion. Eaton stated that its sales growth was hurt by negative foreign exchange fluctuations. Full-year 2014 operating EPS is anticipated to be between $4.55 and $4.65. Eaton's shares gained 1.76% to close at $65.92. The full research reports on Eaton are available to download free of charge at:
http://www.analystsreview.com/Nov-03-2014/ETN/report.pdf
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Emerson Electric Co. Research Reports
On October 16, 2014, Reuters reported that Timken Co, Regal Beloit Corp and Altra Industrial Motion Corp are among the investors looking to buy Emerson Electric Co.'s (Emerson) Power Transmission Solutions business unit. In June this year, Emerson had announced that it was evaluating strategic alternatives for its Power Transmission unit. According to Reuters, Timken, Regal Beloit and Altra Industrial are through to the second round of bidding in the auction for the Company's Florence, Kentucky-based unit, which has over 3,000 employees around the world. Private equity firms Warburg Pincus LLC and Onex Corp are also competing for the unit, said Reuters. According to the report, the sale of Power Transmission unit is expected to fetch between $1.2 billion and $1.6 billion to Emerson. The full research reports on Emerson are available to download free of charge at:
http://www.analystsreview.com/Nov-03-2014/EMR/report.pdf
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Honeywell International Inc. Research Reports
On October 29, 2014, Honeywell International Inc. (Honeywell) issued a press release in response to Chicago EEOC's lawsuit to stop the Company's biometric screening for employees. Expressing disappointment over the lawsuit, Honeywell stated that the federal agency was "unfamiliar with the details of our wellness programs and woefully out of step with the healthcare marketplace." According to a Reuters report, EEOC has said that Honeywell's biometric testing program violates the Americans with Disabilities Act and Genetic Information Nondiscrimination Act, and the agency has also sought temporary restraining order and preliminary injunction to stop Honeywell from imposing penalties on employees who fail to undergo the test. However, in its response, Honeywell said that its wellness plan incentives are in strict compliance with both Health Insurance Portability and Accountability Act (HIPAA) and the ACA's guidelines, which were designed by Congress to encourage healthier lifestyles. The full research reports on Honeywell are available to download free of charge at:
http://www.analystsreview.com/Nov-03-2014/HON/report.pdf
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Illinois Tool Works Inc. Research Reports
On October 21, 2014, Illinois Tool Works Inc. (ITW) announced its Q3 2014 financial results. ITW's net income during the quarter increased to $531 million, or $1.34 per diluted share, from $452 million, or $1.01 per diluted share, in Q3 2013. The bottom-line growth beats the Company's own previously announced EPS guidance range of $1.19 to $1.27 for Q3 2014. ITW's revenue during the quarter stood at $3.7 billion, registering a growth of 3.5% which was in-line with the Company's own revenue growth guidance range of 3% - 4%. ITW's operating margin for the quarter increased 190 basis points to 20.9%, with enterprise initiatives contributing 120 basis points. Moreover, the Company has raised its full-year 2014 EPS guidance range to $4.57 to $4.65 from $4.50 to $4.62. The full research reports on Illinois are available to download free of charge at:
http://www.analystsreview.com/Nov-03-2014/ITW/report.pdf
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Waste Management, Inc. Research Reports
On October 29, 2014, Waste Management, Inc. (Waste Management) announced its Q3 2014 financial results. The Company's operating revenues for the quarter decreased 0.5% YoY to $3.60 billion. Adjusted for divested operations and foreign currency translations, revenues were up by 0.5% YoY, said the Company. Net income attributable to the Company also fell to $270 million or $0.58 per diluted share, from $291 million or $0.62 per diluted share in Q3 2013. Excluding special charges, the EPS rose to $0.72 from $0.65 in Q3 2013, beating the average estimate of $0.68 in a Reuters poll. Waste Management also raised its full-year 2014 EPS guidance range to $2.41, which is $0.06 above the high end of its previous range. The full research reports on Waste Management are available to download free of charge at:
http://www.analystsreview.com/Nov-03-2014/WM/report.pdf
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