NEW YORK, March 12, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Fluor Corporation (NYSE: FLR), MasTec, Inc. (NYSE: MTZ), Foster Wheeler AG (NASDAQ: FWLT), Sturm, Ruger & Co. Inc. (NYSE: RGR), and Esterline Technologies Corp. (NYSE: ESL). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
Fluor Corporation Analyst Notes
On March 4, 2014, Fluor Corporation (Fluor) reported that it was named by FORTUNE as the top-ranked engineering and construction company in its 2014 World's Most Admired Companies list. The Company stated that this marks the third consecutive year that it hasearned the top designation in the engineering and construction market sector. David Seaton, Fluor's Chairman and CEO, commented, "This accomplishment is a testament to our employees everywhere who work to deliver complex projects in remote locations day-in and day-out on six continents around the globe. It is a special honor for our company and our employees to receive this great recognition for the third consecutive year." The full analyst notes on Fluor Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03122014/FLR/report.pdf
MasTec, Inc. Analyst Notes
On February 27, 2014, MasTec, Inc. (MasTec) reported its financial results for Q4 2013 and full year 2013. The Company reported Q4 2013 revenues of $1.2 billion, an increase of 24.3% YoY. Full-year 2013 revenues rose 16.0% YoY to $4.3 billion.Q4 2013 net income from continuing operations was $42.9 million or $0.50 per diluted share, versus $37.7 million or $0.46 per diluted share in Q4 2012. Net income from continuing operations for full year 2013 was $147.7 million or $1.74 per diluted share, compared to $116.6 million or $1.42 per diluted share in full year 2012. George Pita, MasTec's Executive Vice President and CFO commented, "We are pleased with the 16% increase in 2013 cash flow from operations and expect continued improvement in cash flow during 2014.Our capital structure and balance sheet are in excellent financial position to support internal growth and other future growth opportunities in the markets we serve." The Company added that for the Q1 2014, it expects revenue of c.$920 million and adjusted diluted EPS of $0.20. The full analyst notes on MasTec, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03122014/MTZ/report.pdf
Foster Wheeler AG Analyst Notes
On March 4, 2014, Foster Wheeler AG (Foster Wheeler) reported that a subsidiary of its Global Engineering and Construction Group was awarded with the pre-front-end engineering design and the front-end engineering design contract by Kuwait National Petroleum Company (KNPC) for a new onshore LNG import and regasification terminal that will be constructed in Kuwait. Roberto Penno, CEO, Global E&C Group, Foster Wheeler, commented, "We are pleased to receive this award, which demonstrates KNPC's satisfaction with the studies we have completed and their confidence in our LNG expertise." The Company stated that this work is scheduled to be completed in October 2014, and KNPC intends to start commercial operation of the terminal in 2020. The full analyst notes on Foster Wheeler AG are available to download free of charge at:
http://www.AnalystsReview.com/03122014/FWLT/report.pdf
Sturm, Ruger & Co. Inc. Analyst Notes
On February 25, 2014, Sturm, Ruger & Co. Inc. (Ruger) reported its financial results for Q4 2013 and full year 2013. Ruger's full year 2013 reported net sales stood at $688.3 million, along with fully diluted earnings of $5.58 per share, versus net sales of $491.8 million and fully diluted earnings of $3.60 per share in full year 2012. For Q4 2013, net sales were $181.9 million and fully diluted earnings were $1.33 per share, versus net sales of $141.8 million and fully diluted earnings of $1.00 per share in Q4 2012. Ruger also reported that its Board of Directors declared a dividend of $0.54 per share for Q4 2013, for shareholders of record as of March 14, 2014 and payable on March 28, 2014. According to the Company, the dividend is c.40% of net income. The full analyst notes on Sturm, Ruger & Co. Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03122014/RGR/report.pdf
Esterline Technologies Corp. Analyst Notes
On February 27, 2014, Esterline Technologies Corp. (Esterline) reported its financial results for Q1 FY2014 (period ended January 31, 2014). Esterline declared Q1 FY 2014 net earnings of $30.1 million, or $0.93 per diluted share, on sales of c.$505 million,versus net earnings of $25.1 million, or $0.80 per diluted share, on sales of c.$458 million, in Q1 FY 2013. Curtis Reusser, Esterline's President and CEO, commented, "We are off to a good start in fiscal 2014. We are performing as we expected at this point in the year, and our restructuring efforts announced at the end of 2013 are progressing well." The company stated that for FY 2014, revenue is expected in the range of $2.0 billion to $2.1 billion and adjusted diluted EPS in the range of $5.40 to $5.70. The full analyst notes on Esterline Technologies Corp. are available to download free of charge at:
http://www.AnalystsReview.com/03122014/ESL/report.pdf
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