Earnings Results, New Manufacturing Facilities, Acquisitions, and New Appointments - Analyst Notes on Danaher, Pall, IDEX, Actuant and Graco

Thu May 1, 2014 8:00am EDT

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Earnings Results, New Manufacturing Facilities, Acquisitions, and New Appointments - Analyst Notes on Danaher, Pall, IDEX, Actuant and Graco

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NEW YORK, May 1, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding Danaher Corp. (NYSE: DHR), Pall Corp. (NYSE: PLL), IDEX Corporation (NYSE: IEX), Actuant Corporation (NYSE: ATU) and Graco Inc. (NYSE: GGG). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1872-100free.

Danaher Corp. Analyst Notes
On April 16, 2014, Danaher Corp. (Danaher) reported its Q1 FY 2014 (period ended March 28, 2014) financial results with net earnings of $579.7 million, or $0.81 per diluted share compared to $691.9 million or $0.98 per diluted share in Q1 FY 2013. Sales totaled $4.7 billion, up 4.9% YoY. H. Lawrence Culp, Jr., President and CEO stated, "We are off to a good start in 2014 as our team's execution drove better-than-expected revenue growth, outstanding margin expansion and solid earnings performance. The Danaher Business System has helped build momentum across our portfolio by driving continued share gains and funding increased growth investments. We believe this momentum, along with our robust balance sheet and confidence on the acquisition front, position us well in 2014." The Company reaffirmed its full year GAAP 2014 diluted EPS guidance of $3.60 to $3.75. The full analyst notes on Danaher are available to download free of charge at:


Pall Corp. Analyst Notes
On April 18, 2014, Pall Corp. (Pall) announced that it has opened a new state-of-the-art manufacturing facility in Tsukuba Japan. The Company stated that this facility will house its advanced microelectronics production line and will be the flagship facility for products that support the Semiconductor, Data Storage, and Display markets. "This significant investment in Asia positions us to capitalize on the growing market opportunities in microelectronics," said Ruby Chandy, President, Pall Industrial. "This new center of manufacturing excellence illustrates our continued support to the microelectronics industry." The full analyst notes on Pall are available to download free of charge at:


IDEX Corporation Analyst Notes
On April 28, 2014, IDEX Corp. (IDEX) announced that it has acquired Aegis Flow Technologies, a leader in the design, manufacture and sale of specialty chemical processing valves for use in the chemical, petro-chemical, chlor-alkali, pharmaceutical, semiconductor and pulp/paper industries. According to the Company, the acquisition was made for cash consideration of approximately $26 million. The full analyst notes on IDEX are available to download free of charge at:


Actuant Corporation Analyst Notes
On April 8, 2014, Actuant Corp. (Actuant) announced that it has appointed Roger Roundhouse as the Company's Executive Vice President, Engineered Solutions Segment. Mark Goldstein, CEO of Actuant stated, "I am pleased to welcome Roger to Actuant. He has a demonstrated history of building strong customer relationships and motivated business teams, driving sales growth, executing continuous improvement initiatives and improving profitability. I am confident that he will make instrumental contributions as we continue to build a premier global enterprise." The Company stated that Mr. Roundhouse will replace William Blackmore who will retire from Actuant at the end of the fiscal year. The full analyst notes on Actuant are available to download free of charge at:


Graco Inc. Analyst Notes
On April 23, 2014, Graco Inc. (Graco) reported its Q1 FY 2014 (period ended March 28, 2014) financial results. The Company reported sales growth of 7.8% YoY to c.$290 million. Net earnings totaled $50.7 million, down 2.7% YoY. Diluted net earnings per common share were $0.81, down 3.6% YoY. "This is the eleventh consecutive quarter of Graco reporting record quarterly sales," said Patrick J. McHale, Graco's President and CEO. "We experienced good organic growth in all of our reportable segments in the Americas, led by a double digit sales increase in our Contractor business that continues to benefit from the recovery in residential construction." McHale added that the Company expects strong full year growth in the residential construction market to drive low double-digit growth in its Contractor segment in the Americas. The full analyst notes on Graco are available to download free of charge at:


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