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Increased Vehicle Production Slightly Offset by Slow Start of the Year - Research Report on Johnson Controls, Advance Auto,

   Increased Vehicle Production Slightly Offset by Slow Start of the Year -
Research Report on Johnson Controls, Advance Auto, Visteon, Icahn Enterprises,
                                  and Monro

PR Newswire

NEW YORK, May 31, 2013

NEW YORK, May 31, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Wall Street Reports announced new research reports highlighting Johnson
Controls, Inc. (NYSE: JCI), Advance Auto Parts, Inc. (NYSE: AAP), Visteon
Corporation (NYSE: VC), Icahn Enterprises L.P., and Monro Muffler Brake, Inc.
(NASDAQ: MNRO). Today's readers may access these reports free of charge -
including full price targets, industry analysis and analyst ratings - via the
links below.

Johnson Controls, Inc. Research Report

On May 28, 2013, Johnson Controls, Inc. (Johnson Controls) announced that it
has acquired full 100% ownership of Tata Johnson Controls (TJC). TJC, the
former 50-50 joint venture between Johnson Controls and Tata Automotive
Components, is a leading supplier of automotive seat systems and components in
India. "India is an emerging market and part of Johnson Controls' global
strategy for sustainable growth. We are strongly committed to continuing to
invest in our Indian business," said Paul Chawla, President and CEO of Johnson
Controls Automotive Experience India. The Company will leverage its automotive
seating, electronics, and interiors businesses for its India operations and
continue to develop its engineering expertise at the new Technical Center in
Pimpri. Further, the Company plans to extend its prototype and testing
capability for the India region. Johnson Controls and Tata Automotive
Components agreed not to disclose the purchase price of the acquisition. The
Full Research Report on Johnson Controls, 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/38ff_JCI]

Advance Auto Parts, Inc. Research Report

On May 23, 2013, Advance Auto Parts, Inc. (Advance Auto) announced financial
results for Q1 FY 2013 (period ended April 20, 2013). The Company reported Q1
FY 2013 Diluted EPS of $1.65, which represented a 7.8% YoY decrease. Q1 FY
2013 sales were $2 billion, an increase of 3% YoY, driven by the acquisition
of BWP and the net addition of 163 new stores over the past 12 months. "During
the first quarter, as anticipated, our business continued to be constrained by
the unseasonably warm weather last year which had deferred the maintenance on
vehicles," said Darren R. Jackson, CEO of Advance Auto. "However, we had our
best performance the last two weeks of our first quarter," added Jackson.
During Q1 FY 2013, the Company repurchased approximately 767,000 shares of its
common stock at an aggregate cost of $58.8 million. On May 21, 2013, Advance
Auto's Board of Directors declared a regular quarterly cash dividend of $0.06
per share, payable on July 5, 2013 to stockholders of record as of June 21,
2013. The Full Research Report on Advance Auto Parts, 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/9fe7_AAP]

Visteon Corporation Research Report

On May 9, 2013, Visteon Corporation (Visteon) announced Q1 2013 financial
results. The Company reported net income of $69 million, or $1.33 per diluted
share, compared with a net loss of $29 million, or $0.56 per diluted share, in
Q1 2012. For Q1 2013, sales came in at $1.9 billion, representing an 8.1% YoY
growth due to increased vehicle production and new business in Asia and North
America, partially offset by lower production volumes in Europe. "We are
pleased with our first quarter performance, which represents a year-over-year
improvement," said Tim Leuliette, President and CEO of Visteon. Cash from
operating activities totaled $122 million, compared with $19 million Q1 2012.
For full-year 2013, the Company reaffirmed its guidance, expecting sales to
range from $7.3 billion to $7.5 billion and adjusted EBITDA in the range of
$620 million to $660 million. The Full Research Report on Visteon Corporation
- 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/1d27_VC]

Icahn Enterprises L.P. Research Report

On May 3, 2013, Icahn Enterprises L.P. (Icahn Enterprises) announced financial
results for Q1 2013. The Company reported revenues of $5.3 billion,
representing a growth of 98.2% YoY. Adjusted EBITDA was $621 million or 191.5%
YoY growth, whereas adjusted EBIT was $507 million or 275.6% YoY growth. Net
income attributable to Icahn Enterprises was $277 million or $2.50 per share,
in comparison with $49 million or $0.48 per share in Q1 2012. "Our performance
this quarter in particular and over the past decade in general, highlights the
fact that an activist strategy when properly implemented can greatly enhance
value for all shareholders," said Carl C. Icahn, Chairman of Icahn
Enterprises. The Company also announced an increased annual distribution of $4
per unit. The Full Research Report on Icahn Enterprises L.P. - 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/37f8_IEP]

Monro Muffler Brake, Inc. Research Report

On May 21, 2013, Monro Muffler Brake, Inc. (Monro) announced financial results
for Q4 FY 2013 and full-year FY 2013 (period ended March 30, 2013). Sales for
Q4 FY 2013 increased 14.1% YoY to $195.9 million, due to an increase in sales
from new stores, including recently acquired stores. Comparable store sales
decreased 11.4% YoY. During Q4 FY 2013, Monro added 23 locations and closed
four locations, ending FY 2013 with 937 stores. "Our fourth quarter
performance reflects the continued impact of the challenging economic
environment that has been weighing on our customers," said John Van Heel,
President and CEO of Monro. "Additionally, weather conditions remained less
than ideal for our business, which impacted our comparable store sales
results, particularly in January. Notably, however, with the return to more
normalized weather after January, we saw an improvement in comparable store
sales trends, and trend to-date in the first quarter of 2014 has shown further
improvement into positive territory," added Van Heel. For FY 2014, the Company
expects sales to range from $840 million to $865 million. The Full Research
Report on Monro Muffler Brake, 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/fcc1_MNRO]

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SOURCE Wall Street Source

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