Quarterly Performance Analysis: New Research on CompX, Continental Materials, CPI Aerostructures, Digital Power, and Espey
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, February 5, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including CompX (NYSEMKT: CIX), Continental Materials (NYSEMKT: CUO), CPI Aerostructures (NYSEMKT: CVU), Digital Power (NYSEMKT: DPW), and Espey (NYSEMKT: ESP). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
CIX Research Report: ( http://get.analystsreview.com/pdf/?c=CompX&d=05-Feb-2015&s=CIX ),
CUO Research Report: ( http://get.analystsreview.com/pdf/?c=Continental%20Materials&d=05-Feb-2015&s=CUO ),
CVU Research Report: ( http://get.analystsreview.com/pdf/?c=CPI%20Aerostructures&d=05-Feb-2015&s=CVU ),
DPW Research Report: ( http://get.analystsreview.com/pdf/?c=Digital%20Power&d=05-Feb-2015&s=DPW ),
ESP Research Report: ( http://get.analystsreview.com/pdf/?c=Espey&d=05-Feb-2015&s=ESP ).
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Analyst Update: Quarterly Results, New Contracts, and Appointments
Reviewed by: Rohit Tuli, CFA®
Snapping two-day long winning streak, the U.S. benchmark indices ended lower on Wednesday as the European Central Bank (ECB) tightened restrictions on Greece's bailout and as oil prices retreated after four consecutive sessions. While the Dow Jones Industrial Average ended almost flat for the day, the S&P 500 and the Nasdaq Composite indexes finished lower by 0.42% and 0.23%, respectively. The ECB on Wednesday said that it would no longer accept junk-rated Greece government debt as collateral for loans. The move came as a huge blow to the Greece's new government which has been seeking to renegotiate the terms of bailout with its lenders. Meanwhile, European stocks rose for the third straight session on Wednesday, helped by rise in the health care stocks and the Greece market which also overshadowed the decline in energy stocks. Asian stocks mostly ended higher on Wednesday, tracking gains in the European and the US markets.
CompX International Inc.'s (CompX) Q3 2014 sales increased to $26.5 million from $24.2 million in Q3 2013. Net income for the quarter also rose slightly to $2.2 million, or $0.18 per diluted share, compared to $2.0 million, or $0.16 per diluted share, in Q3 2013.
Continental Materials Corporation (Continental Materials) posted Q3 FY 2014 financial results with sales of $34.3 million, representing an increase of 19.1% YoY. However, operating loss widened from $0.3 million in Q3 FY 2013 to $6.5 million during the quarter, due to the inclusion of a charge of $5.7 million in the Concrete, Aggregates and Construction Supplies (CACS) segment related to the cessation of mining at a leased Pueblo, Colorado aggregate operation in September 2014.
CPI Aerostructures, Inc. (CPI Aerostructures) reported a modest top line growth during Q3 2014. While revenues increased to $21.5 million compared with $20.7 million in Q3 2013; net income dropped to $1.7 million or $0.20 per diluted share, compared to $1.9 million or $0.23 per diluted share, during Q3 2013.
Digital Power Corporation (Digital Power) narrowed its net loss to $150,000 in third quarter 2014 from $252,000 in Q3 2013. Revenue for the quarter also improved slightly to $2.2 million from $2.1 million in Q3 2013 due to a marked increase in shipments of military products from its European operations partially offset by a decrease in standard and semi-custom sales from its U.S. operations.
Espey Mfg. & Electronics Corp. (Espey) has recently received a contract valued at over $750,000 from General Dynamics C4 Systems, for the development of 3 power electronics components used in the U.S. Army Range Radar Replacement Program (RRRP). The Company also announced the appointment of Patrick Enright, Jr, as its President and CEO.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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