Acquisitions, Product Innovations, Expanding Operations, and Competitive Results to Create Value for Shareholders - Research Report on Precision Castparts, FLIR, Dresser-Rand, EMCOR, and M/I Homes PR Newswire NEW YORK, July 30, 2013 NEW YORK, July 30, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. Today, Analysts' Corner announced new research reports highlighting Precision Castparts Corp. (NYSE: PCP), FLIR Systems, Inc. (NASDAQ: FLIR), Dresser-Rand Group Inc. (NYSE: DRC), EMCOR Group Inc. (NYSE: EME), and M/I Homes, Inc. (NYSE: MHO). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. Precision Castparts Corp. Research Report On July 25, 2013, Precision Castparts Corp. (Precision Castparts) reported its Q1 FY 2014 (Period ended June 30, 2013) financial results with net sales of $2.4 billion, up 20.4% YoY. Consolidated segment operating income totaled $644 million, up 25.0% YoY. The Company's net income from continuing operations increased 23.8% YoY to $426 million. EPS from continuing operations was $2.88 compared to $2.35 in Q1 FY 2013. "We continue to extract and deliver value from all of our operations," said Mark Donegan, Chairman and CEO of Precision Castparts. "We are achieving strong earnings growth on stable commercial aircraft schedules, gaining share on new airframe and engine development programs, maintaining a steady drumbeat to meet or exceed our cost-reduction targets, and continuing to set an aggressive pace in integrating our new acquisitions. The course we set for ourselves over the past decade is now playing out as we expected and delivering strong benefits to our shareholders." The Full Research Report on Precision Castparts Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/a15c_PCP] -- FLIR Systems, Inc. Research Report On July 25, 2013, FLIR Systems (FLIR) reported its Q2 2013 financial results. The Company posted revenues totaling $389.3 million, a 15.1% YoY growth. Its operating income increased 15.7% YoY to $70.3 million and net income increased 22.1% YoY to $50.2 million. Earnings per diluted share were $0.35, reflecting a 29.6% YoY growth. "We saw solid growth in revenue, operating income, cash flow, and earnings per share in the second quarter, and increased backlog in both divisions," noted Andy Teich, President and CEO of FLIR. The Company has reaffirmed its full-year 2013 outlook and expects revenue to be between $1.5 billion and $1.6 billion and net earnings to be between $1.56 and $1.66 per diluted share. The Full Research Report on FLIR Systems, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/335f_FLIR] -- Dresser-Rand Group Inc. Research Report On July 25, 2013, Dresser-Rand Group Inc. (Dresser-Rand) reported its Q2 2013 financial results with total revenues of $805.3 million, a 26.7% YoY increase. Net income attributable to Dresser-Rand grew 56.8% YoY to $53.3 million. Diluted EPS was $0.69 compared to $0.45 in Q2 2012. Vincent R. Volpe Jr., President and Chief Executive Officer of Dresser-Rand, said, "We are pleased with our second quarter 2013 bookings and financial results. Income from operations of $87 million was up 20% from last year's second quarter and was close to the top end of our guidance range." The Company expects its full year operating income to between $430 million and $450 million based on current foreign exchange rates. The Full Research Report on Dresser-Rand Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/1a5f_DRC] -- EMCOR Group Inc. Research Report On July 25, 2013, EMCOR Group Inc. (EMCOR) reported its Q2 2013 financial results, posting net income attributable to the Company as $21 million, down 37.2 % YoY. Revenues totaled $1.6 billion, down 2.1% YoY. Tony Guzzi, President and Chief Executive Officer of EMCOR, commented, "This was a transformational quarter for the Company. Domestically, electrical construction continued to demonstrate strong growth and facilities services generated solid margin contribution growth driven by better performance from our mechanical and site-based services business offset by losses incurred by one of our subsidiaries located in the southeastern U.S. within our U.S. mechanical construction and facilities services segment. Additionally, the impact of sequestration on our government-related business has had a greater negative effect than we originally anticipated. Aside from those issues, we are pleased with the underlying performance of our businesses, which was in-line with our expectations and bodes well for the future." The Full Research Report on EMCOR Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/d7ff_EME] -- M/I Homes, Inc. Research Report On July 25, 2013, M/I Homes, Inc. (M/I Homes) reported its Q2 2013 financial results with net income of $7.3 million compared to $3.2 million in Q2 2012. The Company also reported new contracts totaling 1,078, up 30.5% YoY. In Q2 2013, M/I Homes delivered 788 homes, a 26.1% YoY increase. Robert H. Schottenstein, Chief Executive Officer and President, commented, "Our financial condition remains strong, with shareholder's equity at $355 million, net debt to net capital at 42%, and no outstanding borrowings under our credit facility. Furthermore, we enhanced our capital structure, as announced last week, entering into a new $200 million three-year unsecured credit facility. And, as just announced, we are very excited to be entering the Dallas/Fort Worth market - this will further complement our Texas operations in Austin, Houston and San Antonio. Moving forward, we will stay focused on improving our profitability, growing our market share in our existing markets, expanding our community count and investing in attractive land opportunities." The Full Research Report on M/I Homes, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/1ba6_MHO] ---- EDITOR NOTES: 1.This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2.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. 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Acquisitions, Product Innovations, Expanding Operations, and Competitive Results to Create Value for Shareholders - Research
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