Diversified Industrial Companies Announce New Appointments, Share Repurchase Programs, Secondary Share Offerings and Financial Results - Research Report on UTC, ITW, Generac, Roper, and Flowserve PR Newswire NEW YORK, August 13, 2013 NEW YORK, August 13, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom Today, Investors' Reports announced new research reports highlighting United Technologies Corporation (NYSE: UTX), Illinois Tool Works Inc. (NYSE: ITW), Generac Holdings Inc. (NYSE: GNRC), Roper Industries, Inc. (NYSE: ROP), and Flowserve Corporation (NYSE: FLS). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. United Technologies Corporation Research Report On July 25, 2013, United Technologies Corporation (UTC) announced that it has appointed Nicole Parent Haughey as the Vice President of Corporate Strategy & Development. Under this position, UTC informed that Haughey will be responsible for optimizing the Company's global business portfolio and capital deployment strategies to drive growth. As per the Company, Haughey will report to Gregory Hayes, Senior Vice President and CFO of UTC, and succeed Matthew Bromberg, who has been appointed as the President of Pratt & Whitney Aftermarket. Prior to joining UTC, Haughey was a Managing Partner at Vertical Research Partners LLC. The Full Research Report on United Technologies Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-05/UTX] Illinois Tool Works Inc. Research Report On August 2, 2013, Illinois Tool Works Inc. (ITW) announced that its Board of Directors has approved a new share repurchase program, authorizing the management to buy back up to $6 billion of the Company's common stock over an open ended period of time. The Company informed that the full authorization represents approximately 81 million shares based on its closing share price on August 1, 2013. Further, ITW's Board of Directors has authorized a 10.5% dividend increase, representing a quarterly increase of $0.04 per share, or $0.16 per share annually versus the current dividend rate. Regular quarterly cash dividends will now come in at $0.42 per share, or $1.68 per share on an annual basis. ITW reported that the dividend will be payable on October 8, 2013 to stockholders of record as of September 30, 2013. The Full Research Report on Illinois Tool Works Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-05/ITW] Genera Holdings Inc. Research Report On August 2, 2013, Generac Holdings Inc. (Generac) announced the pricing of an underwritten secondary offering of 7.0 million shares of its common stock by funds affiliated with CCMP Capital pursuant to Generac's shelf registration statement previously filed with the Securities and Exchange Commission. Generac informed that the selling stockholders will receive all of the proceeds from this offering. In other news dated August 1, 2013, the Company announced the closing of the purchase agreement to acquire equity of Tower Light Srl (Tower Light) and its wholly-owned subsidiaries from Ambienta I, advised by Ambienta SGR, and a group of minority-share investors. The Full Research Report on Generac Holdings Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-05/GNRC] Roper Industries, Inc. Research Report On July 29, 2013, Roper Industries, Inc. (Roper) reported financial results for Q2 2013. The Company's Q2 2013 GAAP revenue was up 8.2% YoY to $784.0 million. GAAP net earnings came in at $111.4 million or $1.11 per diluted share, compared with $114.8 million or $1.15 per diluted share in Q2 2012. "We expect total sales growth in the second half of the year to be 12% to 14%," said Brian Jellison, Chairman, President, and CEO of Roper. "Contributions from acquisitions continue to be on-track and due to changes in certain niche businesses, we expect second half organic growth between 6% and 8%, compared to our prior expectation of 7% to 9%." For full-year 2013, the Company revised its guidance for adjusted diluted EPS to be between $5.72 and $5.86, lower than its previous guidance range of $5.76 to $5.94. The Full Research Report on Roper Industries, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-05/ROP] Flowserve Corporation Research Report On July 24, 2013, Flowserve Corporation (Flowserve) reported Q2 2013 financial results. The Company's Q2 2013 sales were $1.2 billion, up 4.8% YoY, or 5.1% YoY on a constant currency basis. Q2 2013 operating income increased 11.3% YoY to $183.5 million. Net earnings attributable to Flowserve for Q2 2013 were $120.4 million, or $0.84 per diluted share, compared with $107.3 million, or $0.66 per diluted share, in Q2 2012. "During the second quarter and first half of 2013, we have leveraged single-digit revenue increases into mid-20% EPS growth through improving operations, including a combination of solid revenue flow-through, margin improvement, and cost leverage, as well as share count," said Mike Taff, Senior Vice President and CFO of Flowserve. "With these attributes and our normal earnings seasonality, we remain confident in reaffirming our 2013 split-adjusted EPS guidance of $3.20 to $3.53." The Full Research Report on Flowserve Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-05/FLS] 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 making mistakes. 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Diversified Industrial Companies Announce New Appointments, Share Repurchase Programs, Secondary Share Offerings and Financial
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