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]
EDITOR NOTES:
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- 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.
- 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.
- 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.
- For any urgent concerns or inquires, please contact us at compliance@EquityNewsNetwork.com.
- 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 Wall Street Source