NEW YORK, June 3, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Wall Street Reports announced new research reports highlighting EnerSys (NYSE: ENS), Snap-on Inc. (NYSE: SNA), Beacon Roofing Supply Inc. (NASDAQ: BECN), A. O. Smith Corp. (NYSE: AOS), and Lincoln Electric Holdings Inc. (NASDAQ: LECO). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
EnerSys Research Report
On May 28, 2013, EnerSys announced that the Board of Directors has declared its first quarterly cash dividend of $0.13 per share of common stock. The dividend is payable on June 28, 2013 to shareholders of record as of June 14, 2013. Further, the Company announced a new $65 million stock repurchase authorization that expires on March 31, 2014. "I am pleased that we can enhance our stockholders' return on their investment in EnerSys by initiating a quarterly dividend and repurchasing EnerSys' stock," stated John D. Craig, Chairman, President and Chief Executive Officer of EnerSys. Craig added, "Our level of profitability and cash generation affords the Company the ability to pay a quarterly dividend and repurchase stock while maintaining our acquisition strategy, increasing capital expenditure programs and continuing our growth in the developing markets." The Full Research Report on EnerSys - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at [http://www.wsreports.com/r/full_research_report/9c57_ENS]
Snap-on Inc. Research Report
On May 14, 2013, Snap-on Inc. (Snap-on) announced that it has acquired Challenger Lifts, Inc. (Challenger) for approximately $38 million in cash. Challenger designs, manufactures and distributes a comprehensive line of vehicle lifts and accessories in the automotive repair sector; and it reported sales of approximately $45 million in 2012. "Challenger is an important addition to our Repair Systems & Information Group," said Nick Pinchuk, Chairman and Chief Executive Officer of Snap-on. He further commented, "The Challenger vehicle lift product line complements and increases Snap-on's existing undercar equipment offering, broadening our established capabilities in serving vehicle repair facilities." 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.wsreports.com/r/full_research_report/ae4c_SNA]
Beacon Roofing Supply Inc. Research Report
On May 10, 2013, Beacon Roofing Supply, Inc. (Beacon Roofing) announced its Q2 FY 2013 (period ended March 31, 2013) financial results with total sales growth of 5.3% YoY to $416.3 million. The Company reported net loss of $0.2 million or $0.00 per diluted share, compared to net income of $3.1 million, or $0.07 per diluted share in Q2 FY 2012. The decline in net income was due to higher operating expenses, including acquired branch expenses, partially offset by the impact of higher gross profit and lower interest expense. Paul Isabella, the Company's President & Chief Executive Officer, stated, "The second quarter of fiscal 2013 was challenging for us as we experienced harsh weather conditions in many of our markets and we were up against a very strong second quarter last year when our existing market sales were up 28%. Our total sales benefited from the positive impact of several acquisitions made since the start of last year and our gross margin continued to improve over the prior year. In addition, the trend of our residential roofing sales was more favorable in the second quarter compared to the first quarter. During the first half, we took advantage of our financial capacity and flexibility to purchase key products ahead of announced industry-wide price increases. We believe we are well positioned for a successful back half of fiscal 2013 and expect to experience a business rebound following the tough winter and early spring conditions." The Full Research Report on Beacon Roofing Supply Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at [http://www.wsreports.com/r/full_research_report/cdad_BECN]
A. O. Smith Corp. Research Report
On May 20, 2013, A. O. Smith Corp. (A. O. Smith) announced that its high efficiency Cyclone commercial gas water heater line is now ENERGY STAR certified. "Operating at 95-96% thermal efficiency, the Cyclone is not only an energy efficiency leader for commercial products, but for water heaters as a whole," said David Chisolm, Director of Marketing for A. O. Smith. Chisolm added, "We're excited to add ENERGY STAR certification to its list of accolades." Since 1992, the U. S. Environmental Protection Agency's ENERGY STAR program has identified and promoted energy efficient products to reduce energy consumption, however, the program was restricted to residential water heaters until this year. ENERGY STAR has since expanded its scope and now includes products such as A. O. Smith's Cyclone, Cyclone Solar and XP boiler in the program. The Full Research Report on A. O. Smith Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at [http://www.wsreports.com/r/full_research_report/cc8c_AOS]
Lincoln Electric Holdings Inc. Research Report
On May 20, 2013, Lincoln Electric Holdings, Inc. (Lincoln Electric) announced that U.S. Acting Secretary of Commerce, Rebecca Blank, presented the Company with the President's "E" Award for Exports at a ceremony in Washington, D.C. The "E" Awards are the highest recognition any U.S. entity may receive for making a significant contribution to the expansion of U.S. exports. "We are honored to receive this prestigious award as exports are a core component of our global growth strategy, which focuses on expanding the reach of our leading arc welding and cutting solutions to customers worldwide," said Christopher L. Mapes, President and Chief Executive Officer of Lincoln Electric. "Today, we export to 123 countries, which allow us to not only preserve, but expand our local work force while meeting the rising demand for our solutions," concluded Mapes. The Full Research Report on Lincoln Electric Holdings Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at [http://www.wsreports.com/r/full_research_report/3f4b_LECO]
- 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 pubco@EquityNewsNetwork.com.
- For any urgent concerns or inquires, please contact us at compliance@EquityNewsNetwork.com.
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com for consideration.
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.
SOURCE Wall Street Reports