Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

New Contracts, Accretive Acquisitions and Improved Segment Performances Affirm Companies' Strong Financial Positions - Research



New Contracts, Accretive Acquisitions and Improved Segment Performances Affirm
   Companies' Strong Financial Positions - Research Report on Flour, Foster
               Wheeler, MasTec, Orion Marine Group, and Granite

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

PR Newswire

NEW YORK, August 7, 2013

NEW YORK, August 7, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Fluor
Corporation (NYSE: FLR), Foster Wheeler AG (NASDAQ: FWLT), MasTec, Inc. (NYSE:
MTZ), Orion Marine Group, Inc. (NYSE: ORN), and Granite Construction
Incorporated (NYSE: GVA). Today's readers may access these reports free of
charge - including full price targets, industry analysis and analyst ratings -
via the links below.

Fluor Corporation Research Report

On August 1, 2013, Fluor Corp. (Fluor) reported its Q2 2013 financial results.
Revenue was up 0.9% YoY to $7.2 billion during the quarter. The Company's net
earnings attributable to Fluor stood at $161.4 million, or $0.98 per diluted
share, in Q2 2013, compared to $16.21 million, or $0.95 per diluted share, in
Q2 2012. Consolidated segment profit was up 0.5% YoY to $288.0 million,
reflecting strong growth in the Company's Oil & Gas segment. During the
quarter, Fluor achieved new awards amounting to $7.2 billion, including $3.6
billion in Industrial & Infrastructure and $3.3 billion in Oil & Gas. "I am
increasingly optimistic about the Company's prospects, particularly with the
strength of future opportunities in oil and gas," said Chairman and CEO of
Fluor, David Seaton. The Full Research Report on Fluor Corporation - 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/eb9d_FLR]

--

Foster Wheeler AG Research Report

On July 29, 2013, Foster Wheeler AG (Foster Wheeler) announced that The Dow
Chemical Company (Dow) has awarded a contract to a subsidiary of its Global
Engineering and Construction (E&C) Group to upgrade Dow's Plant in Louisiana.
Under the terms of the contract, Foster Wheeler will provide detailed
engineering, procurement, and construction management services for the LA-3
Crack More Ethane (CME) Project at Dow's Plaquemine petrochemical facility in
Louisiana, USA. "Foster Wheeler has the proven brownfield/retrofit project
execution capabilities that are crucial to achieving Dow's cost and schedule
objectives," said Umberto della Sala, President and Chief Operating Officer of
Foster Wheeler. The Full Research Report on Foster Wheeler AG - 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/fbfa_FWLT]

--

MasTec, Inc. Research Report

On August 1, 2013, MasTec, Inc. (MasTec) reported its Q2 2013 financial
results. The Company's revenues were down 1.1% YoY to $977.6 million during
the quarter. Net income attributable to the Company was up 16.1% YoY to $34.9
million, and diluted EPS grew 10.8% YoY to $0.41. Jose R. Mas, MasTec's CEO,
commented, "MasTec had an excellent second quarter in terms of revenue,
earnings and margins. Also, we have had significant growth in backlog,
especially in our Oil and Gas and Electrical Transmission segments, which
validates the investments we have made in these high growth segments. We
completed a strategic oil and gas acquisition in Canada with the previously
announced purchase of Big Country Energy Services, which increases our scale
and ability to handle large pipeline and facilities projects in the important
Canadian and Bakken markets. We are pleased with our strong market position
and we expect that 2013 will be a record year." The Company raised its
full-year 2013 guidance, and expects revenues to be c. $4.15 billion, adjusted
EBITDA is expected to be $448 million, and adjusted diluted EPS is expected to
be $1.88. The Full Research Report on MasTec, 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/0b44_MTZ]

--

Orion Marine Group, Inc. Research Report

On August 1, 2013, Orion Marine Group, Inc. (Orion Marine Group) reported its
Q2 2013 financial results. The Company's contract revenue increased 25.3% YoY
to $84.1 million during the quarter. Net income attributable to common
stockholders was $230,000 or $0.01 per diluted share, in Q2 2013, compared to
a loss of $5.4 million or $0.20 per diluted share, in Q2 2012. Mike Pearson,
Orion Marine Group's President and CEO, stated, "Significant improvements in
our year over year results indicate a gradual improvement in market
conditions, along with our ability to operate profitably with the right mix
and volume of work. As we begin the second half of 2013, we are continuing to
see pockets of pricing improvement with continued high demand for our
services." The Full Research Report on Orion Marine 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/26a8_ORN]

--

Granite Construction Incorporated Research Report

On August 1, 2013, Granite Construction Inc. (Granite) reported its Q2 2013
financial results. The Company's revenues were up 2.0% YoY to $550.2 million
during the quarter. Net income attributable to the Company was up 39.5% YoY to
$2.7 million, and diluted EPS was up 40.0% YoY to $0.07. James H. Roberts,
Granite President and CEO, said, "The Large Projects business continues to
perform as expected. Our record backlog includes the start-up of several new
projects in the second half of 2013, which will recognize profit in 2014." He
continued, "While our vertically integrated business still faces
market-driven, competitive headwinds, we are benefiting from synergies with
our acquisition of Kenny." Granite reaffirmed its full-year 2013 guidance, and
expects Large Project Construction segment revenues to be in the range of $850
million to $950 million, and cash flow from operations in the range of $70
million to $100 million. The Full Research Report on Granite Construction
Incorporated - 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/36be_GVA]

----

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. If you notice any errors or omissions, please notify us
    below.
 3. This information is submitted as a net-positive to companies mentioned, to
    increase awareness for mentioned companies to our subscriber base and the
    investing public.
 4. If you wish to have your company covered in more detail by our team, or
    wish to learn more about our services, please contact us at
    pubco@EquityNewsNetwork.com.
 5. For any urgent concerns or inquiries, please contact us at
    compliance@EquityNewsNetwork.com.
 6. Are you a public company? Would you like to see similar coverage on your
    company? Send us a full investors' package to
    research@EquityNewsNetwork.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This
document, article or report is prepared and authored by Equity News Network.
An outsourced research services provider has, through Chartered Financial
Analysts, only reviewed the information provided by Equity News Network in
this article or report according to the Procedures outlined by Equity News
Network. Equity News Network is not entitled to veto or interfere in the
application of such procedures by the outsourced provider to the articles,
documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the
accuracy or completeness or fitness for a purpose (investment or otherwise),
of the information provided in this document. This information is not to be
construed as personal financial advice. Readers are encouraged to consult
their personal financial advisor before making any decisions to buy, sell or
hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned
at the time of printing of this document or any error, mistake or shortcoming.
No liability is accepted by Equity News Network whatsoever for any direct,
indirect or consequential loss arising from the use of this document. Equity
News Network expressly disclaims any fiduciary responsibility or liability for
any consequences, financial or otherwise arising from any reliance placed on
the information in this document. Equity News Network does not (1) guarantee
the accuracy, timeliness, completeness or correct sequencing of the
information, or (2) warrant any results from use of the information. The
included information is subject to change without notice.

SOURCE Analysts' Corner

Contact: Joe Thomas CONTACT PHONE: +1-310-496-8071 (North America)
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement