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- Economy Hampers Fastenal Q3 Earnings
- Zacks.com submits: The Fastenal Company FAST of Winona, MN reported a drop in earnings to $47.6 million or 32 cents per share in the third quarter of 2009, from $72.9 million or 49 cents in the prior-year quarter. However, the company has managed to meet the Zacks Consensus...
- External links 2009-10-13
- Caterpillar to Up Prices
- Zacks.com submits: In a recent regulatory filing, Caterpillar Inc. CAT announced its plans to increase prices by up to 2% worldwide on most of its machinery, effective January 2010. The company attributed this price increase to current industry factors and current and expected general economic...
- External links 2009-10-08
- Northrop Pockets Four Contracts
- Zacks.com submits: Northrop Grumman Corporation NOC has recently bagged four small contracts from the Pentagon, totaling approximately $116.6 million. Of this, the largest is a $58 million Army contract to complete a counter-rocket artillery and mortar system. Work on the contract will be performed in Huntsville ,...
- External links 2009-10-14
- Caterpillar Q3: Tops Expectations
- Zacks.com submits: Caterpillar Inc. CAT reported third quarter earnings of 64 cents per share, well above the Zacks Consensus Estimate of 7 cents per share. The company’s better-than-expected performance was primarily driven by higher price realization, lower SG&A and R&D costs, and inventory decrement benefits. However, on a...
- External links 2009-10-20
- How GE Beat Our Consensus
- Zacks.com submits: General Electric Company GE reported earnings per share of 22 cents for the third quarter of 2009, beating the Zacks Consensus Estimate of 20 cents. The reported earnings include the effect of 5 cents per share in restructuring and other charges, down 51% from the third...
- External links 2009-10-16
- A.O. Smith Reports Stellar Q3
- Zacks.com submits: A. O. Smith Corp. AOS posted third quarter results on Friday. The company’s GAAP net income surged to $34.6 million from $5.8 million in the year-ago quarter, primarily due to lower raw material costs and aggressive cost reduction initiatives. Excluding non-recurring items, earnings per share came...
- External links 2009-10-19
- Du Pont Beats Earnings Expectations
- Zacks.com submits: Chemical giant EI DuPont de Nemours & Company DD reported third quarter 2009 earnings of 45 cents, beating the Zacks Consensus Estimate of 33 cents, helped by significant cost cuts and lower raw material, energy and freight expenses. Cost cuts have boosted Du Pont’s third-quarter pretax...
- External links 2009-10-21
- Air Products Bags Big Saudi Contract
- Zacks.com submits: Air Products and Chemicals Inc. APD strengthened its industrial gases business by tying up with Korean engineering giant Samsung Engineering Co. Ltd. to supply an air separation unit to National Industrial Gases Co. (NIGC), a subsidiary of Saudi Basic Industries Corp. The air separation unit will...
- External links 2009-09-22
- Praxair Expects Business Pipeline to Stay Strong for the Long Term
- Zacks.com submits: Monday, Praxair Inc.’s PX Chinese subsidiary installed its NCOOL cryogenic heat exchanger system at a Shanghai Pharmaceutical Group Ltd. unit. It employs Praxair’s patented NCOOL cryogenic heat exchanger system in a pharmaceutical freeze dryer. Praxair’s highly efficient nitrogen-based system replaces its mechanically refrigerated freeze dryer with...
- External links 2009-09-23
- China Fire Stands to Benefit from Government's Nuclear Policy
- Zacks.com submits: China Fire & Security Group CFSG is a leading provider of industrial fire protection systems. The company’s China-based rivals tend to focus on low-end and technically less sophisticated products which are low-grade and unsuitable for large projects. The market for the design and installation of fire...
- External links 2009-09-23
- Tyco Bags Australian Desalination Project
- Zacks.com submits: A unit of Tyco International Ltd.’s TYC Tyco Flow Control was recently selected to support the construction of Australia's largest desalination project in one of the largest public-private partnerships for infrastructure in the world. The desalination plant in Victoria will play a key role in...
- External links 2009-09-23
- Potash Slashes Guidance
- Zacks.com submits: Potash Corp. of Saskatchewan Inc. POT recently guided to earnings in the range of $3.25 to $3.75 per share in 2009, down from its July view of $4.00 to $5.00. The Zacks Consensus Estimate is pegged at $4.39. The company attributed the downward revision in guidance...
- External links 2009-09-22
- ConAgra's Encouraging Earnings
- Zacks.com submits: Today before the market opened, ConAgra Foods, Inc. (CAG - Snapshot Report) reported encouraging results for the first quarter FY2010 ended August 30, 2009. Earnings excluding one-time items were 38 cents per share, compared to 27 cents in the year-ago quarter. It was the above Zacks...
- External links 2009-09-22
- Rockwell Reiterates Guidance, Poised for Long Term Growth
- Zacks.com submits: Rockwell Automation Inc. ROK recently reiterated its fiscal 2009 guidance of $1.40 to $1.70 per share, which represents a 59% to 66% year-over-year decline in earnings. Revenue for the year is expected to fall about 24% compared to 2008 due to a significant deceleration in customer...
- External links 2009-09-21
- Potash Lowers Q3 Guidance
- Zacks.com submits: Potash Corp. POT shares are down more than 5% on high volume, in afternoon trading, after the company lowered its 3rd-quarter and full-year earnings guidance Friday after the Bell. Potash said sales volumes continue to lag as distributors are slow to replenish depleted inventories. The Canadian...
- External links 2009-09-21
- Sonoco Goes Green with True Blue
- Zacks.com submits: This week, Sonoco Products Co. SON announced the official launch of True Blue, a new umbrella brand for solutions and recycling services that have met stringent sustainability requirements. To qualify for the Sonoco True Blue program, the company says that a package must offer an advantage...
- External links 2009-09-24
- Rio Sells Iron Mines to Vale
- Zacks.com submits: Early this week, Vale VALE acquired Corumbá iron ore mining operations from Rio Tinto Plc RTP for $750 million in cash. It was the part of a larger transaction that included the sale of a potash project and certain exploration assets in Canada. The potash deal...
- External links 2009-09-24
- ConAgra Foods Raises Dividend
- Zacks.com submits: Last week, ConAgra Foods Inc. CAG raised its regular quarterly dividend by a 1 cent to 20 cents based on encouraging results for the first quarter of fiscal year 2010. The company has decided to pay the dividend on Dec. 1 to shareholders of record Oct....
- External links 2009-10-01
- Plexus Earnings Preview: Encouraging 4Q Guidance
- Zacks.com submits: As an engineering-focused EMS player and a leading provider of electronic manufacturing services (EMS) to original equipment manufacturers OEMs, we believe Plexus Corp. PLXS is well positioned to benefit from the increasing trend of outsourcing at the medical, industrial and defense/aerospace OEMs. Revenue growth at Plexus...
- External links 2009-10-05
- ITT Gets Army Contract for Night Vision System
- Zacks.com submits: ITT Corporation ITT has received a $72.2 million contract from the Army to provide a night vision imaging system for aviators. Work is to be performed in Roanoke, VA and is expected to be completed by Sept. 30, 2012. Enhanced Night Vision Goggle (ENVG) optically combines...
- External links 2009-09-29
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