Second Quarter Financial Results and Quarterly Dividends Announcements - Research Report on Caesarstone, Vulcan, Harsco, Snap-on, and PGT
NEW YORK, August 23, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Caesarstone Sdot-Yam Ltd. (NASDAQ: CSTE), Vulcan Materials Company (NYSE: VMC), Harsco Corporation (NYSE: HSC), Snap-on Inc. (NYSE: SNA), and PGT, Inc. (NASDAQ: PGTI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Caesarstone Sdot-Yam Ltd. Research Report
On August 7, 2013, Caesarstone Sdot-Yam Ltd. (Caesarstone) reported its Q2 2013 financial results. The Company reported revenues of $89.0 million, an increase of 17.9% YoY, primarily driven by continued increase in sales in the United States and Canada. GAAP operating income for the quarter totaled $22.2 million compared to $13.9 million in Q2 2012. GAAP net income attributable to controlling interest totaled $19.7 million, higher as compared to $11.7 million in Q2 2012. Diluted EPS were $0.56 (on 35.1 million shares) compared to $0.34 (on 34.4 million shares) in Q2 2012. Commenting on the results, Yosef Shiran, Caesarstone CEO, said, "We are pleased to report another record quarter for sales and profitability, particularly in our fast-growing North American markets where quartz is increasingly embraced. We continue to look forward to completing capacity expansion projects both in Israel and the United States to reinforce our growth capability, maintain our leadership position and create growth and value for both our customers and our shareholders." The Company re-affirmed its guidance with full-year 2013 revenue in the range of $330 million to $340 million. The Full Research Report on Caesarstone Sdot-Yam Ltd. - 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/e198_CSTE]
--
Vulcan Materials Company Research Report
On August 1, 2013, Vulcan Materials Company (Vulcan) reported its Q2 2013 financial results. The Company reported total revenues of $738.7 million, representing a growth of 6.4% YoY growth. Earnings from continuing operations totaled $30.1 million or $0.23 per share, compared to a loss of $17 million or $0.13 per share in Q2 2012. Reflecting on Q2 2013 performance, Don James, Chairman and CEO, said, "Each of our operating segments reported solid growth in second quarter earnings, contributing to improved gross profit margin and earnings per share. He continued, "Growth in residential construction activity, and its traditional following impact on private nonresidential construction, continues to underpin our expectations for volume and earnings improvement in 2013." The Full Research Report on Vulcan Materials 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/0fac_VMC]
--
Harsco Corporation Research Report
On August 8, 2013, Harsco Corp. (Harsco) released its Q2 2013 financial results. During the quarter, the Company reported a 1.4% YoY decline in revenues to $759.7 million, primarily due to lower Metals & Minerals volume, which were partially offset by volume growth in Infrastructure and Industrial segments. Net income attributable to Harsco common stockholders was $23.8 million, compared with $12.7 million in Q2 2012, while diluted EPS attributable to Harsco common stockholders was $0.29, compared with $0.16 in Q2 2012. "Second quarter earnings per share were within our guidance range and driven by the performance of the Infrastructure, Rail and Industrial businesses," said Harsco President and Chief Executive Officer Patrick Decker. "We are executing a comprehensive simplification program that is focused on improving our operating model to increase our speed and ability to execute." The Company anticipates diluted EPS from continuing operations for Q3 2012 in the range of $0.17 to $0.22. The Full Research Report on Harsco 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/6daf_HSC]
--
Snap-on Inc. Research Report
On August 1, 2013, Snap-On Inc.'s (Snap-On) Board of Directors approved a quarterly common stock dividend of $0.38 per share. The Company reported that the dividend is payable on September 10, 2013 to shareholders of record on August 23, 2013. The Company claimed that it has paid consecutive quarterly cash dividend without interruption and reduction since 1939. The Full Research Report on Snap-on 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/a84c_SNA]
--
PGT, Inc. Research Report
On July 31, 2013, PGT, Inc. (PGT) reported its Q2 FY 2013 financial results (period ended June 29, 2013). PGT reported net sales of $62.8 million, representing a growth of 35.2% YoY. As per PGT, the increase was driven by improved market conditions in Southeast and Southwest Florida markets, as well as sales and marketing programs which focused on the Company's WinGuard products. Gross margin for the quarter was 33.5%, marking a decline of 2.0% YoY. Net income totaled $9.9 million, compared to $3.7 million in Q2 FY 2012. Net income per diluted share came in at $0.19, compared to $0.07 in Q2 FY 2012. PGT's President and CEO, Rod Hershberger commented, "Sales in the second quarter of 2013, totaling $62.8 million, represented the highest quarterly sales since the first quarter of 2007." He continued "The improvement in financial performance is the result of the continued dedication of our employees, who worked hard to keep pace with the growing demand for our products and consistently deliver on our value proposition." The Full Research Report on PGT, 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/e09f_PGTI]
----
EDITOR NOTES:
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
- For any urgent concerns or inquiries, please contact us at [email protected].
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network 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.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
AnalystsCorner.com
SOURCE Analysts' Corner
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article