NEW YORK, May 31, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please
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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]
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