Quarterly Reports, Acquisitions, Product Line Expansions, and Dividends- Research Report on HD Supply, Grainger, Vitran, MSC, and Anixter
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NEW YORK, December 13, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting HD Supply Holdings, Inc. (NASDAQ: HDS), W.W. Grainger, Inc. (NYSE: GWW), Vitran Corporation Inc. (NASDAQ: VTNC), MSC Industrial Supply Co. (NYSE: MSM), and Anixter International Inc. (NYSE: AXE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
HD Supply Holdings, Inc. Research Report
On December 10, 2013, HD Supply Holdings, Inc. (HD Supply) released its Q3 FY 2013 results (period ended November 3, 2013). HD Supply registered net sales of $2.3 billion in Q3 FY 2013, up 7.0% YoY. The Company posted net income of $51 million in Q3 FY 2013, compared to a net loss of $50 million in Q3 FY 2012. HD Supply reported diluted EPS of $0.26 in Q3 FY 2013, compared to diluted loss per share of $0.38 in Q3 FY 2012. Joe DeAngelo, CEO of HD Supply, commented, "We delivered this performance despite continued sluggishness in non-residential, moderated growth in residential and increased uncertainty in our infrastructure markets. We continue our strategy of investing for growth while, at the same time, ensuring that our cost structure is appropriately aligned for uncertain markets." The Full Research Report on HD Supply Holdings, 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/d56d_HDS
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W.W. Grainger, Inc. Research Report
On December 3, 2013, W.W. Grainger, Inc. (Grainger) announced that it has successfully acquired Safety Solutions Inc. (Safety Solutions), a Dublin, Ohio-based distributor of safety footwear, supplies and services with a strong focus on the manufacturing sector. Court Carruthers, Senior Vice President and Group President, Americas, stated, "Safety Solutions has a long history of providing great customer service and an impressive offering of safety products and services, making this an ideal fit with Grainger." Carruthers continued, "This acquisition extends Grainger's strong position in safety with a leading on-site safety footwear service and a unique benefit management program that tracks purchasing and compliance for customers." The Full Research Report on W.W. Grainger, 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/0dd4_GWW
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Vitran Corporation Inc. Research Report
On December 9, 2013, Vitran Corporation Inc. (Vitran) announced that it has entered into a definitive arrangement agreement, under which 2398946 Ontario Inc., an affiliate of Manitoulin Transport Inc. (Manitoulin Transport), will acquire all of the issued and outstanding shares of Vitran for $6.00 in cash per share. Vitran reported that the total consideration, including the assumption of the Company's outstanding net debt of approximately $29 million at October 31, 2013, is valued at approximately $128 million. William Deluce, Vitran Interim President and CEO, said, "We are extremely excited to join with Manitoulin Transport to leverage the operational strengths of both companies. Together Vitran and Manitoulin Transport will become a formidable and diversified supplier for customers requiring a full suite of transportation and supply chain services in Canada and the United States. We are extremely pleased that this transaction will provide our shareholders significant and immediate value for their shares. We thank each and every one of our Vitran employees for their efforts and steadfast commitment to Vitran and wish them nothing but the best in the future." The Full Research Report on Vitran Corporation 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/c3c3_VTNC
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MSC Industrial SupplyCo. Research Report
On December 6, 2013, MSC Industrial Supply Co. (MSC) announced that it has increased its selection of high-quality Kennametal cutting tools to 54,000 total items. Greg Polli, Vice President Product Management for MSC, explained, "By working closely with leading cutting tool manufacturers, such as Kennametal, we are able to offer customers the industry's largest selection of in-stock metalworking solutions, which are delivered next-day." Polli concluded, "Because our selection is so deep, broad - and continuously growing - we are able to objectively recommend the right tools to best meet our customer's needs." The Full Research Report on MSC Industrial Supply 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/f21c_MSM
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Anixter International Inc. Research Report
On November 25, 2013, Anixter International Inc. (Anixter) announced that its Board of Directors has declared a special dividend of $5 per common share, or a total cash outlay of approximately $165 million. Anixter reported that the dividend is payable on January 2, 2014, to shareholders of record on December 11, 2013. President and CEO Robert Eck, said, "The management team, working closely with the board of directors, believes a special dividend payment of this amount benefits all current shareholders. Not only do our shareholders receive a direct cash benefit, but also the company's capital structure and investment profile remain unchanged. By making this payment in the form of a special dividend rather than committing to a regular dividend payment, we maintain the flexibility to use future cash flows to invest in the growth of the business as the global economy further improves." The Full Research Report on Anixter International 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/dbef_AXE
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