NEW YORK, April 9, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding
CEMEX S.A.B. de C.V. (NYSE: CX), General Cable Corp. (NYSE: BGC),
Texas Industries Inc. (NYSE: TXI), AZZ Incorporated (NYSE: AZZ),
and Granite Construction Incorporated (NYSE: GVA). Private wealth
members receive these notes ahead of publication. To reserve
complementary membership, limited openings are available at:
http://www.AnalystsReview.com/register
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CEMEX S.A.B. de C.V. Analyst Notes
On April 1, 2014, CEMEX S.A.B. de
C.V. (CEMEX) announced that it has awarded the first ecoperating
certification to Lucena, an apartment building in San Pedro, Nuevo
León, México. The Company accredits buildings with notable
sustainable features and performance above market standard,
recognizing projects that save energy, water, and reduce
environmental impact associated with constructing buildings.
According to the Company, Lucena's features such as natural
ventilation complementing automatic air conditioning system,
optimal solar orientation coupled with thermal insulation, broad
natural lighting and artificial lighting, dual-flush devices and
automated irrigation system, and reflective materials that deflects
heat made the Company recognized Lucena as an eco-friendly
structure. The full analyst notes on CEMEX S.A.B. de C.V. will be
available to download free of charge at:
http://www.AnalystsReview.com/04092014/CX/report.pdf
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General Cable Corp. Analyst Notes
On April 2, 2014, General Cable
Corp. (General Cable) announced that it is currently evaluating
whether or not to appeal the European Commission's decision
involving two of its subsidiaries namely, Grupo General Cable
Sistemas and Silec Cable, the Spanish and French subsidiary,
concerning the power cables case for infringement of European
competition law. A claim of infringement against Grupo General
Cable Sistemas is dismissed for lack of evidence, while a fine of
approximately $2.5 million is imposed
on Silec Cable. In June 2011, the
power cables case was initiated by a statement of objections or
preliminary complaint concerning 12 company groups involving 27
companies, alleging that the companies had participated in a cartel
to restrict competition on submarine and underground high voltage
projects from 1999 to 2009. It was found out that the Company's
subsidiaries participated in cartel for different periods of time,
with the Grupo General Cable Sistemas participated from
January 2003 to May 2007, while Silec Cable participated for more
than 10 months since December 2005.
The full analyst notes on General Cable Corp. are available to
download free of charge at:
http://www.AnalystsReview.com/04092014/BGC/report.pdf
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Texas Industries Inc. Analyst Notes
On April 2, 2014, Texas Industries
Inc. (Texas Industries) reported its financial results for Q3 FY
2014 (period ended February 28,
2014). Quarterly net sales increased $207.8 million, up 47.0%YoY. However, quarterly
net loss increased to $21.8 million,
or diluted loss $0.76 per share,
compared with $5.8 million, or
diluted loss $0.21 per share in Q3
2013. Commenting on the results, Mel
Brekhus, CEO, noted that despite the occurrence of bad
winter, construction activity continued to improve especially in
Texas. "The fact that shipment
levels overcame a severe winter is indicative of the continued
improvement in our markets. Positive construction trends are
tightening the supply of building materials in many of our markets
and should support continued price improvement," added Brekhus. The
full analyst notes on Texas Industries Inc. are available to
download free of charge at:
http://www.AnalystsReview.com/04092014/TXI/report.pdf
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AZZ Incorporated Analyst Notes
On April 4, 2014, AZZ Incorporated
(AZZ) reported its Q4 FY 2014 and full-year FY 2014 financial
results (period ended February 28,
2014). Quarterly net sales increased $181.0 million, up 28.9%YoY, while annual net
sales also increased $751.7 million,
up 31.7%YoY. However, quarterly net income slightly decreased to
$10.2 million, or diluted EPS
$0.40, compared with $13.2 million, or diluted EPS $0.52 in Q4 FY 2013. Annual net income also
followed the same trend, with FY 2014 results down to $59.6 million, or diluted EPS $2.32, compared with $60.5
million, or diluted EPS $2.37
million in full-year FY 2013. Commenting on the Company's
performance, Tom Ferguson, President
and CEO, AZZ Incorporated, noted
that Q4 financial results was impacted by numerous weather delays.
Ferguson added that the Company is expecting FY2015 gross revenue
to hit approximately $900 million,
through leveraging of sales teams across electrical and industrial
businesses in North America,
aggressive international expansion, operational excellence, and
Company acquisitions. The full analyst notes on AZZ Incorporated
are available to download free of charge at:
http://www.AnalystsReview.com/04092014/AZZ/report.pdf
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Granite Construction Incorporated Analyst
Notes
On April 3, 2014, Granite
Construction Incorporated (Granite Construction) announced the
appointment of Joseph M. Mazzulo to
the newly-created Senior Vice President of Business Processes
position. Mazzulo's responsibilities include driving all aspects of
business process improvement including optimizing the business from
end-to-end to deliver bottom-line savings in utilizing a fact based
data driven approach. Mazzulo will directly report to the Company's
President and CEO James H. Roberts.
Commenting on the appointment, Roberts said, "Joe brings a wealth
of experience in the area of process improvement and is valuable
addition to our Granite team," said Roberts. "Over the course of
his career, Joe has successfully led organizations through process
improvement implementations that improve effectiveness,
efficiencies as well as customer and employee satisfaction." The
full analyst notes on Granite Construction Incorporated are
available to download free of charge at:
http://www.AnalystsReview.com/04092014/GVA/report.pdf
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