12.08.2013 14:00:00
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Companies Increase Dividends, Expand Facilities and Report Top-line Growth - Research Report on Dover, Polypore, ExOne, ITT, and Babcock & Wilcox
NEW YORK, August 12, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Investors' Reports announced new research reports highlighting Dover Corp. (NYSE: DOV), Polypore International Inc. (NYSE: PPO), The ExOne Company (NASDAQ: XONE), ITT Corporation (NYSE: ITT), and The Babcock & Wilcox Company (NYSE: BWC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Dover Corp. Research Report
On August 1, 2013, Dover Corp.'s (Dover) Board of Directors announced that it has increased its quarterly cash dividend from $0.35 to $0.375 per share. As per Dover, this is the 58th consecutive year in which the Company has increased its annual cash dividend. The dividend will be payable on September 16, 2013, to shareholders of record August 30, 2013. The Full Research Report on Dover Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-07/DOV]
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Polypore International Inc. Research Report
On August 7, 2013, Polypore International Inc. (Polypore) reported its Q2 2013 financial results with reported sales of $168.9 million compared to $167.6 million in Q2 2012. Segment operating income totaled $33.8 million for the quarter compared with $38.8 million in Q2 2012. Adjusted income from continuing operations totaled $15.9 million or $0.34 per diluted share, compared with $21.1 million or $0.45 per diluted share in Q2 2012. Commenting on the Q2 2013 results, Robert B. Toth, President and Chief Executive Officer, said, "Our Transportation and Industrial and Separations Media segments continued to deliver solid performance. In the Electronics and EDVs segment, the sales improvement we experienced in March was sustained through the second quarter, with the sequential improvement being driven by sales into EDV applications. Additionally, we continued to utilize our cash to drive shareholder value through additional stock repurchases." The Full Research Report on Polypore International Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-07/PPO]
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The ExOne Company Research Report
On August 6, 2013, The ExOne Company (ExOne) announced that it has purchased land and will soon begin construction on a new facility in Gersthofen, Germany. Rainer Hoechsmann, General Manager of ExOne GmbH, commented, "We were fortunate to secure a strategic location for our new facility, located in an industrial region directly on a German autobahn. This provides easy access to our growing customer base, our vendors, as well as our employees. Consolidating all of our activities, which include production, warehousing, a production service center, an R&D lab, as well as our European headquarters, into a single facility will further improve our efficiency, enhancing our ability to service our customers." The Company expects the completion of the new facility in the latter half of 2014. The Full Research Report on The ExOne Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-07/XONE]
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ITT Corporation Research Report
On August 1, 2013, ITT Corp. (ITT) reported its Q2 2013 financial results with revenue growth of 9% YoY to $609 million. Adjusted earnings from continuing operations grew 4% YoY to $0.51 per share, reflecting a 15% YoY increase in adjusted segment operating income that was partially offset by a higher effective tax rate and the impacts of favorable prior-year corporate items. Denise Ramos, Chief Executive Officer and President commented, "In both quarters, we continued to drive market expansion with strong growth in emerging markets, winning share in a tough Western European environment and enhancing our presence in key global end markets such as energy and automotive." The Company has also raised its full-year guidance and anticipates revenue growth of 10% to 11% YoY, and adjusted earnings in the range of $1.86 to $1.92 per share. The Full Research Report on ITT Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-07/ITT]
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The Babcock & Wilcox Company Research Report
On Aug 7, 2013, The Babcock & Wilcox Company (B&W) reported its Q2 2013 financial results with total revenues of $886 million, representing a 3.9% YoY growth. GAAP EPS for the quarter remained flat year-on-year at $0.65. Adjusted EPS of $0.72 represented a growth of 10.8% YoY. Commenting on the results, E. James Ferland, President and Chief Executive Officer of B&W said, "Overall, B&W's second quarter results reflect solid performances across our business units, highlighted by improved bookings and revenue, as well as the benefit of the DOE grant." The Company anticipates its full-year 2013 consolidated revenues to be in the range of $3.4 billion a $3.5 billion, and adjusted EPS in the range of $2.25 and $2.45. The Full Research Report on The Babcock & Wilcox Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-07/BWC]
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SOURCE Investors' Reports
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