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