Archive for the ‘Industrial Stocks’ Category

Caterpillar Inc CAT profits soars to 60 percent

Thursday, January 26th, 2012

Caterpillar Inc CAT Caterpillar Inc. (NYSE: CATreported a 60 percent rise in quarterly earnings that exceeded Wall Street expectations on record sales of construction and mining equipment, and projected growth for 2011. Fourth-quarter sales and revenues in 2011 were an all-time quarterly record at $17.243 billion, an increase of 35 percent compared with $12.807 billion in the fourth quarter of 2010. Fourth-quarter profit was $1.547 billion compared with $968 million in the fourth quarter of 2010. Profit of $2.32 per share was 58 percent higher than the $1.47 per share in the fourth quarter of 2010.

The growth of Caterpiller is a positive indicator in the strength of the global economy and in construction spending in the United States. Caterpillar credits the incredible growth to many of its customers replacing aging equipment and rapid growth in developing parts of the world.

“Our strategy is squarely focused on customers, and in 2011 our employees, suppliers and dealers delivered. We improved product quality, invested significantly in manufacturing capacity and product  development, and improved our market position.” said Caterpillar Chairman and Chief Executive Officer Doug Oberhelman.

About Caterpillar Inc. (NYSE: CAT)

Caterpillar Inc. is a corporation which designs, manufactures, markets and sells machinery and engines and sells financial products and insurance to customers via a worldwide dealer network. Caterpillar is the world’s largest manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines.  With more than US$70 billion in assets, Caterpillar was ranked number one in its industry and number 44 overall in the 2009 Fortune 500. Caterpillar stock is a component of the Dow Jones Industrial Average.

Andatee China Marine Fuel Services Corp. (AMCF) soars

Monday, October 10th, 2011

Shares of Andatee China Marine Fuel Services Corp. (Nasdaq: AMCF) surged as much as 45 percent from Friday’s closing price in morning trading on Monday on no news.

Shares of AMCF touched an intraday high of $3.48 per share, up from Friday’s closing price of $2.40. Trading volume at mid-day trading on Monday was 240,528, well above the company’s average 10-day trading volume of 36,856, according to Yahoo Finance.

For the quarter ended June 30, 2011, Andatee China Marine Fuel Services Corp. reported revenue of $63.1 million, a 43 percent increase over revenue of $$44.1 million reported in the same quarter a year ago.  Operating income for the second quarter decreased by $1.3 million, or 32.9%, from $3.9 million for the second quarter of 2010 to $2.6 million for the second quarter of 2011. Net income for the quarter was $1.3 million, down from $2.6 million in the same quarter a year earlier.

Andatee China Marine Fuel Services Corporation is an independent operator engaged in the production, storage, distribution, wholesale purchase and sale of blended marine fuel oil for cargo and fishing vessels in northern China.


Dycom Industries Inc. (DY) shares higher on strong numbers

Wednesday, August 24th, 2011

Dycom Industries Inc. (NYSE: DY) shares gained 10.3% to $15.25, after the specialty contracting company late Tuesday reported a spike in fiscal fourth-quarter income. Volume for the stock surmounted one million shares, whereas its daily average was about 363,000.

A news release dated August 23 reported that the company, based out of Palm Beach Gardens, Florida, had revenues of $303.7 million for the quarter ended July 30, 2011, compared to $281.5 million for the quarter ended July 31, 2010, an increase of 10.8% after adjusting for revenues from acquired businesses and the incremental week in the fourth quarter of fiscal 2010;

Quarterly net income of $13.0 million, or $0.38 per common share diluted, compared to $4.6 million, or $0.12 per common share diluted, for the prior-year quarter. Share repurchases amounted to 580,000 shares of its common stock for $9.1 million in open market transactions during the quarter ended July 30, 2011.

Dycom is a leading provider of specialty contracting services throughout the United States. These services include engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities including telecommunications providers, and other construction and maintenance services to electric and gas utilities and others.

A123 Systems Inc. (AONE) benefits from new GM supply deal

Thursday, August 11th, 2011

A123 Systems Inc. (Nasdaq: AONE) shares rallied 46.1% to $4.63 Thursday after General Motors Corp. (NYSE: GM) said it signed a supply contract to the battery maker. Volume for A123 was 12.8 million shares, compared to a daily average of 2.7 million.

A story in the Wall Street Journal on August 11 stated that the agreement builds on existing contracts between GM and A123, which focused on lithium-ion battery technology at both the cell and system level. The new contract includes advanced nanophosphate cells and fully integrated electronic components. The specific vehicles and brands will be announced at a later date, according to GM.

Jason Forcier, Vice President of A123’s automotive solutions group, told Dow Jones Newswires the company would get a “substantial revenue stream” out of the program. Yearly unit volume is expected to start in the thousands and could possibly reach the tens of thousands.

Forcier said the contract would cover a vehicle platform that would be launched in the U.S. and abroad, saying demand for fuel-efficient vehicles would continue to increase due to higher fuel costs and increased government standards.

A123 Systems, Inc. develops and manufactures advanced lithium ion batteries and battery systems for the transportation, electric grid services and commercial markets. Headquartered in Massachusetts and founded in 2001, A123 Systems’ proprietary nanoscale electrode technology is built on initial developments from the Massachusetts Institute of Technology

CNH Global NV (CNH) stock growing after profit figures released

Monday, July 25th, 2011

CNH Global NV (NYSE: CNH) U.S.-listed shares rose 10.9% to $41.34 after the Dutch farm-equipment manufacturer raised its outlook for 2011 sales growth. Volume for the stock surmounted 1.2 million shares, or three times its normal daily volume.

A news release out July 25 stated that the company saw net sales increase 24% (18% on a constant currency basis) to $4.9 billion as a result of favorable trading conditions for agricultural equipment, as well as higher comparative construction equipment demand in every region. Equipment Operations posted an Operating Profit of $521 million as a result of higher revenues, increased industrial utilization and improved product pricing.

Net equipment sales for the quarter were 79% agricultural equipment and 21% construction equipment. The geographical distribution of revenue for the period was 42% North America, 35% EAME & CIS, 15% Latin America, and 8% APAC markets.

Net income before restructuring and exceptional items for the quarter was $320 million as a result of improved top line and industrial operating performance, improved results from the Group’s unconsolidated subsidiaries, and a lower tax rate. This resulted in the Group generating a significant increase in diluted earnings per share to $1.33 (before restructuring and exceptional items) compared to $0.59 per share in the comparable period of 2010.

Management of CNH did not comment in the release, although it did hold a conference call to take questions about its bottom line figures.
CNH Global N.V. is a world leader in the agricultural and construction equipment businesses.