NEW YORK, November 18, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting TRW Automotive Holdings Corp. (NYSE: TRW), Meritor, Inc. (NYSE: MTOR), Quantum Fuel Systems Technologies Worldwide Inc. (NASDAQ: QTWW), Tenneco Inc. (NYSE: TEN) and LKQ Corp. (NASDAQ: LKQ). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
TRW Automotive Holdings Corp. Research Report
On October 29, 2013, TRW Automotive Holdings Corp. (TRW Automotive) reported its Q3 FY 2013 financial results (period ended September 27, 2013) with sales of $4.2 billion, up 6.2% YoY. The Company reported net earnings of $197 million or $1.60 per diluted share, compared to $163 million or $1.28 per diluted share in Q3 FY 2012. Commenting on the results, John C. Plant, Chairman and CEO, stated "TRW had another quarter of strong operating performance and continues to build on its positive momentum. Increasing the size of our share repurchase program reflects our confidence in sustaining positive earnings and cash flow from our operations and further demonstrates our commitment to maximizing shareholder returns over time." For full-year FY 2013, the Company expects sales to be approximately $17.1 billion. The Full Research Report on TRW Automotive Holdings Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://analystscorner.com/microwriter/link.php?s=DDD
http://www.analystscorner.com/r/full_research_report/97cf_TRW
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Meritor, Inc. Research Report
On November 13, 2013, Meritor, Inc. (Meritor) reported its Q4 FY 2013 and full-year FY 2013 financial results (period ended September 30, 2013). The Company reported sales of $909 million for the quarter, down 7.8% YoY. Net income totaled $41 million for Q4 FY 2013 compared to $5 million in Q4 FY 2012. For full-year FY 2013, Meritor reported sales of $3.7 billion, down 16.2%, and net loss of $22 million compared to net income of $52 million in FY 2012. Chairman, CEO and President of the Company, Ike Evans, stated "Our performance in the fourth quarter was in line with our expectations. Also in fiscal year 2013, we won $120 million of incremental business that will begin to favorably impact our financial performance by 2016." The Company stated that for full-year FY 2014, it expects revenue to be approximately $3.7 billion. The Full Research Report on Meritor, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://analystscorner.com/microwriter/link.php?s=
http://www.analystscorner.com/r/full_research_report/0f46_MTOR
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Quantum Fuel Systems Technologies Worldwide Inc. Research Report
On November 4, 2013, Quantum Fuel Systems Technologies Worldwide Inc. (Quantum) announced that it was recently awarded an additional aggregate $3.2 million in new agreements by ZHRO™ Solutions LLC (ZHRO). The Company stated that these new agreements are in addition to the $2.6 million development agreement previously awarded by ZHRO to Quantum under which Quantum is developing a fully-integrated compressed natural gas storage and fuel delivery system for robust and cost-effective aftermarket conversion of heavy duty diesel fleets to run on natural gas. Brian Olson, President and CEO of Quantum stated, "We are excited to continue to expand our relationship with ZHRO Solutions and accelerate the system development and validation work toward commercialization. Our ability to provide complete system development, integration, validation and production of advanced natural gas fuel system and storage solutions is nearly unparalleled in the industry and a foundation to our growing success." The Full Research Report on Quantum Fuel Systems Technologies Worldwide Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://analystscorner.com/microwriter/link.php?s=
http://www.analystscorner.com/r/full_research_report/5d94_QTWW
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Tenneco Inc. Research Report
On October 28, 2013, Tenneco Inc. (Tenneco) reported its Q3 2013 financial results. Net sales and operating revenues for the quarter was at c.$2.0 billion, up 10.4% YoY. Net income for the quarter totaled $12 million or $0.19 per diluted share compared to $125 million or $2.05 per diluted share in Q3 2012. EBIT totaled $72 million for the quarter compared to $111 million in Q3 2012. Gregg Sherrill, Chairman and CEO, Tenneco, commented, "Our results demonstrate the strength and balance of our operations across end markets, regions, customers and product lines as we delivered record high third quarter revenue and adjusted EBIT, resulting in year-over-year margin improvement in both product lines. Our teams are executing well on plans for top-line growth while continuing to drive profitability with excellent operational performance." The Full Research Report on Tenneco Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://analystscorner.com/microwriter/link.php?s=
http://www.analystscorner.com/r/full_research_report/528a_TEN
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LKQ Corp. Research Report
On October 31, 2013, LKQ Corp. (LKQ) reported its Q3 2013 financial results with record revenues of $1.3 billion, up 27.7% YoY. Net income for the quarter was $73.4 million or $0.24 per diluted share compared to $54 million or $0.18 per diluted share in Q3 2012. Robert L. Wagman, President and CEO of LKQ stated, "Organic revenue growth for parts and services in the quarter of 11.7% remains strong with North America and Europe increasing 6.2% and 32.9%, respectively. Our improved operating margin in the quarter was driven by our ability to leverage our distribution network to improve efficiencies across our core operating segments." For full-year 2013, the Company anticipates organic revenue to grow by 10% to 11.5% YoY, net income to be in the range of $313 million to $333 million and diluted EPS of $1.03 to $1.10. The Full Research Report on LKQ Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://analystscorner.com/microwriter/link.php?s=
http://www.analystscorner.com/r/full_research_report/8618_LKQ
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