Before Thursday’s opening bell, regional bank BB&T Corporation (BBT) reported higher first quarter earnings. Despite the increase in earnings, the company was unable to exceed analysts’ expectations.
BBT’s Earnings in Brief
BBT posted first quarter earnings of�$501 million, or 69 cents per share, up from�$210 million, or 29 cents per share, a year ago. Analysts expected to see earnings of 70 cents per share. Revenue for the quarter was�$2.29 billion, down from $2.46 billion last year and below analysts’ estimate of $2.31 billion. The bank reported that its loan portfolio rose 1.7% from the Q1 of last year.CEO Commentary
Best Healthcare Equipment Stocks To Watch For 2015: Clean Harbors Inc. (CLH)
Clean Harbors, Inc., through its subsidiaries, provides environmental, energy, and industrial services. Its Technical Services segment offers hazardous material management services, including the packaging, collection, transportation, treatment, and disposal of hazardous and non-hazardous waste; and CleanPack services comprising the collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes. The company?s Field Services segment offers various environmental cleanup services on customer sites or other locations on a scheduled or emergency response basis, including tank cleaning, decontamination, remediation, spill cleanup; used oil and oil products recycling; polychlorinated biphenyls management and disposal; and filtration and water treatment services. The company?s Industrial Services segment offers industrial and specialty services, such as high-pressure and chemical cleaning, cata lyst handling, decoking, material processing, and industrial lodging services to refineries, chemical plants, pulp and paper mills, and other industrial facilities. The company?s Exploration Services segment provides exploration services, such as geospatial data imaging, line clearing, heli-portable and track drilling, seismic surveying, and land development; and directional boring services, including installing pipeline, fiber optic, cable, gas, and water and sewer lines to the oil and gas exploration and production, and power generation companies, as well as municipalities. Clean Harbors, Inc. has approximately 175 locations, including 50 waste management facilities. The company operates in the United States, Canada, Mexico, Puerto Rico, Bulgaria, China, Singapore, Sweden, Thailand, and the United Kingdom. It serves Fortune 500 companies and private entities, as well as federal, state, provincial, and governmental agencies. The company was founded in 1980 and is based in N orwell, Massachusetts.
Advisors' Opinion:- [By Jason Moser]
Clean Harbors (NYSE: CLH )
I love finding companies that fly under the radar, and Clean Harbors is one. It's a smaller company with a market cap of just over $3 billion. But with its founder Alan McKim steering the ship as CEO, I think there is plenty of room for this company to grow. Oh yeah, did I also mention McKim owns almost 8% of shares outstanding? I love founder/leaders like McKim (and Bezos) who eat their own cooking.
Best Healthcare Equipment Stocks To Watch For 2015: NetScout Systems Inc.(NTCT)
NetScout Systems, Inc. engages in the design, development, manufacture, marketing, sale, and support of unified service delivery management, service assurance, and application and network performance management solutions worldwide. It offers nGenius Service Assurance Solution, an integrated unified service delivery management platform that provides application and service performance intelligence to enable organizations to assure network and application performance and user experience. This solution?s capabilities include intelligent early warning and service visualization, packet-level forensic analysis, planning and optimization, and service and policy validation, as well as network, application, and service performance management. The company also provides Sniffer Analysis software suite that offers a direct connection to nGenius InfiniStream appliances for forensic analysis and packet data mining to exploit the information contained within network packets; and a view i nto IP network packets revealing granular information about network and application interactions, response time, and latency metrics. In addition, NetScout Systems, Inc. offers Sniffer Portable Analyzer product family that provides portable network and application analysis capabilities for field deployments. The company?s solutions support a range of enterprise information technology operations and are deployed by telecommunication service providers. It markets and distributes its products through direct sales force, as well as through strategic channel partners, including distributors, value added resellers, and systems integrators to financial, healthcare, manufacturing, retail, technology, utilities, education, and the public sectors. The company was founded in 1984 and is headquartered in Westford, Massachusetts.
Advisors' Opinion:- [By Seth Jayson]
There's no foolproof way to know the future for NetScout Systems (Nasdaq: NTCT ) or any other company. However, certain clues may help you see potential stumbles before they happen -- and before your stock craters as a result.
- [By josieclarks]
Posted-In: Markets
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5 Best Bank Stocks To Watch Right Now: Expeditors International of Washington Inc.(EXPD)
Expeditors International of Washington, Inc. provides logistics services in the United States and internationally. The company?s services include consolidation or forwarding air and ocean freight; distribution management; vendor consolidation; cargo insurance; purchase order management; and customized logistics information. Its airfreight services comprise the procurement of shipments from its customers; determination of the routing; consolidation of shipments bound for a particular airport distribution point; and selection of the airline for transportation to the distribution point. The company also offers breakbulk services that include receiving and breaking down consolidated airfreight lots and arranging for distribution of the individual shipments. Its ocean freight and ocean services include ocean freight consolidation; and handling full container loads. In addition, the company acts as a customs broker, who assists importers to clear shipments through customs by pre paring required documentation, calculating and providing for payment of duties on behalf of the importer, arranging for any required inspections by governmental agencies, and arranging for delivery; and provides other value added services at destination, such as warehousing and product distribution, time definite transportation, and inventory management. Further, it offers custom clearances for goods moving by rail and truck between the United States, Canada, and/or Mexico; and customs consulting services The company?s customers primarily include retailers, distributors of consumer electronics, department store chains, clothing and shoe wholesalers, manufacturers, and catalogue stores. Expeditors International of Washington, Inc. was founded in 1979 and is based in Seattle, Washington.
Advisors' Opinion:- [By Ben Levisohn]
The express-delivery company has gained 28% during the past three months, trumping the 18% return from�United Parcel Service�(UPS), the 4.6% gain in J.B. Hunt Transport Services (JBHT) and the 0.2% rise in Expeditors International of Washington�(EXPD).
- [By Ben Levisohn]
Like everyone else, Deutsche Bank’s Justin Yagerman starts with his reservations: FedEx has gained 28% during the past three months, trumping the United Parcel Service�� (UPS) 14% advance, the 1.1%rise in�J.B. Hunt Transport Services�(JBHT) and the 3.9% loss in�Expeditors International of Washington�(EXPD).
Best Healthcare Equipment Stocks To Watch For 2015: Bellway PLC (BWY)
Bellway p.l.c. is a United Kingdom-based holding company, owning subsidiary undertakings, which is engaged principally in housebuilding in the United Kingdom. The Company�� subsidiaries include Bellway Homes Limited, Bellway Properties Limited, Bellway (Services) Limited, Litrose Investments Limited, Bellway Financial Services Limited, Bellway Housing Trust Limited and The Victoria Dock Company Limited. Advisors' Opinion:- [By Sofia Horta e Costa]
Persimmon dropped 4.3 percent to 1,061 pence, while Bellway Plc (BWY) declined 3.1 percent to 1,262 pence. Bovis Homes Group Plc slipped 2.7 percent to 712 pence. Chancellor of the Exchequer George Osborne and the Bank of England will reassess the Help-to-Buy program, which allows the purchase of homes with a deposit as small as 5 percent, every September from 2014, the Treasury said.
- [By Sofia Horta e Costa]
Bellway Plc (BWY) added 1.4 percent after the homebuilder said reservations in the past four months rose 31 percent as buyers had greater access to mortgages. Elan (ELN) Corp. jumped to a 10-month high in Dublin after Royalty Pharma increased its offer for the Irish drugmaker to as much as $6.7 billion. BT Group increased 3.7 percent as Barclays Plc recommended investors buy shares of the U.K.�� largest fixed-line company.
Best Healthcare Equipment Stocks To Watch For 2015: FLIR Systems Inc (FLIR)
FLIR Systems, Inc. (FLIR), incorporated on March 8, 1978, is a designer, manufacturer, and marketer of thermal imaging systems. The Company�� advanced sensors and integrated sensor systems enable the gathering and analysis of critical information through a range of applications in commercial, industrial, and government markets worldwide. Its business is organized into two divisions: Commercial Systems and Government Systems. Commercial Systems division includes Thermal Vision & Measurement and Raymarine. Government Systems division include Surveillance, Detection, and Integrated Systems. It offers a range of sensor products, including infrared imaging cameras and systems, detector cores, CBRNE threat detectors, test and measurement instruments, radars, maritime electronics, and related products and solutions. On December 20, 2012, the Company acquired Lorex Technology Inc. In December 2012, the Company acquired Traficon International NV. In August 2013, Tessera Technologies Inc announced that FLIR Systems, Inc. acquired a portion of the assets of Tessera's Micro-Optics business based in Charlotte, North Carolina.
Thermal Vision & Measurement
Thermal Vision & Measurement (TVM) products are generally sold for applications where the customer need is to see at night or in adverse conditions or to image a scene while gathering valuable situational and temperature information. The Company�� infrared sensors business, which sells focal plane arrays and camera cores internally, as well as to third parties on an original equipment manufacturer (OEM) basis, is also part of TVM. Its thermal and visible light security products are used to protect critical infrastructure, ports, borders, commercial sites, and residential homes. The Company offers a night vision system for passenger automobiles that provides drivers with the ability to see at night and through obscurants, such as fog, at distances much further and wider than can be seen with traditional headlights. As of December 31, ! 2012, provide camera cores for certain Audi, BMW, and Rolls Royce models through its partnership with Autoliv Electronics, a supplier of automotive safety equipment. The Company offers an integrated suite of maritime electronics that utilizes multifunction displays, infrared cameras, depth sounders, GPS, auto pilots, and advanced command and control software.
The Company is engaged in providing advanced thermal imaging technology for consumer applications. It�� easy to use, affordable, and lightweight personal vision thermal cameras give people the ability to see at night. In the home, its cameras can be used for numerous household and security applications, such as locating heat leaks, evaluating insulation coverage, detecting water damage, identifying intruders, and locating pests. The Company supplies hand-held systems to the law enforcement market. The Company supplies cooled and uncooled camera cores, sensors, and readout integrated circuits on an OEM basis for a range of applications where customers require a product at a lower level of integration than a fully developed thermal imaging system.
In Thermal Measurement Markets thermal imaging systems are used for monitoring the condition of mechanical and electrical equipment. The company�� systems provide the ability to view thermal distribution in real time for products ranging in size from small hybrid integrated circuits to jet engines. Common applications include product development of microelectronics, cell phones, laptop computers, telecommunications equipment, consumer appliances, automotive components, and aircraft engines. Systems used in research and development applications require high imaging performance and measurement precision, coupled with extensive analysis and reporting software. Thermal imaging applications for manufacturing process control include applications where temperature consistency is critical, including monitoring the quality of metal, plastic and glass cast parts, which are highly depend! ent upon ! the temperature distribution in the mold; monitoring the quality of paper, which is dependent upon proper and even moisture distribution during the drying process; and monitoring the quality of products such as rubber gloves, which can be thermally examined to locate abnormally warm or cool spots, indicating non-uniform thickness that may result in a quality defect.
Infrared imagers can detect missing insulation, electrical faults, water intrusion and pest infiltration, can gauge energy efficiency, and can help detect the presence of moisture. Market segments include building diagnostics, energy auditing and home inspection, property and facility management, HVAC and plumbing, and moisture detection and restoration. Specially designed infrared systems can detect and image hydrocarbon gas emissions or leaks. It supplies trade professionals a range of test equipment to deliver high accuracy readings for the measurement of electricity, light, sound, temperature, humidity, airflow, revolutions per minute, and water quality. The Company offers fee-based training on the principles of thermography and the use of its products through ITC, its Infrared Training Center, which provides instruction, training, certification and applications engineering from several FLIR locations or at the customer�� site. It also licenses Infrared Training Centers to third parties in certain countries.
The Company competes with Danaher (Fluke), General Dynamics (Axsys), L-3 Communications, Sofradir (ULIS), Axis Communications, NEC and Testo.
Raymarine
Raymarine is a provider of marine electronics, and continues as a pioneer in the technologies that give boaters confidence on the water. The products that Raymarine develops and markets is intended to fulfill all of the marine electronic needs of recreational boaters and offer best-in-class integrated control solutions for all of their on-board instrumentation. Raymarine designs, develops, and markets electronics for the maritime market a! nd is a p! rovider of fully integrated stem to stern networked electronic systems for boats of many sizes. The business distributes its products through a network of independent distributors and retailers, as well as through its relationships with boat builders, providing both first fitment and aftermarket solutions.
The Company competes with Furuno, Garmin and Navico.
Surveillance
Surveillance focuses on providing enhanced vision and detection capabilities to a range of military, paramilitary, law enforcement, public safety, and other government customers. Its systems typically provide the capability to see over long distances, day or night, through adverse weather conditions, and from a range of vehicle, man portable, and fixed installation platforms. Typical applications include intelligence, surveillance, and reconnaissance (ISR), force protection, drug interdiction, search and rescue, special operations, and target designation. Surveillance products are sold off-the-shelf or can be customized for specific applications and frequently incorporate additional sensors, including visible light cameras, radars, low light cameras, laser rangefinders, laser illuminators, and laser designators.
Surveillance offers a range of products across multiple applications. For airborne applications, it has developed highly stabilized platforms, known as gimbals, which typically contain multiple payloads in addition to the infrared imaging system, as well as sophisticated software and analytic capabilities. For land applications, it manufactures three types of products: hand-held products, platform mounted products, and targeting products. Platform mounted surveillance systems include imaging and radar solutions, which are typically housed in a weather-tight enclosure and feature remote control capabilities and multi-sensor integration capability. Hand-held products are ruggedized and have optional lenses and target location capabilities. Ground-based targeting products are designed t! o attach ! to existing daylight sights to provide bore-sighted, nighttime capabilities. For maritime applications, it manufacture shipborne products which are similar to its airborne gimbals, but are inverted and customized for the marine environment.
In Search and Rescue market thermal imaging systems are used in airborne nd shipborne search and rescue missions to rescue individuals in danger or distress on boats or vehicles, or wounded or lost in adverse conditions. Such systems are in use by organizations such as the United States Army, United States Coast Guard, the United States Marine Corps, the United States Air National Guard, and the United Kingdom Ministry of Defense. In Border and Maritime Patrol market thermal imaging systems are used in airborne, shipborne, hand-held and fixed installation applications for border and maritime surveillance, particularly at night, to enforce borders and coastal waters, to monitor national fishing boundaries and to prevent smuggling. Its cameras are deployed along numerous borders worldwide, including in the United States, Europe and the Middle East. In Surveillance and Reconnaissance market Thermal imaging systems are used in surveillance and reconnaissance applications for the precise positioning of objects or people from substantial distances and for enhanced situational awareness, particularly at night or in conditions of reduced or obscured visibility. It also offers high-resolution frequency-modulated continuous wave radars that enable wide-area surveillance capable of detecting potential threats before they cross a perimeter. These systems can be installed on fixed platforms, manned mobile platforms, and unmanned aerial vehicles.
The Company supplies airborne thermal imaging systems for federal, state, and local law enforcement agencies. Agencies with this type of equipment have the ability to track suspects, locate lost persons, and provide situational awareness to officers on the ground. It offers several products that provide precise t! arget loc! ation and designation capabilities in applications ranging from clip-on rifle scope devices to high-precision, stabilized, airborne laser designator systems. Thermal imaging systems enable government agencies to expand their drug interdiction and support activities by allowing greater surveillance and detection capabilities. The Company�� systems are in use by the United States Customs Service, the United States Drug Enforcement Agency and the United States Federal Bureau of Investigation, as well as by foreign government agencies.
The Company competes with BAE Systems, DRS (a Finmeccanica company), Elbit Systems, General Dynamics, L-3 Communications, Lockheed Martin, Raytheon, Sagem, Sofradir, and Thales.
Detection
The Company�� Detection segment provides capabilities in the development of advanced sensor technologies used to detect and identify CBRNE threats. The Detection segment is focused on developing technologies and products to penetrate a global market for advanced threat detection capabilities. Detection manufactures and markets the portable explosive detector, the smallest spectroscopic radiation detector, and the smallest hand-held Raman sensor.
The Company offer both indoor and outdoor biological air monitors that are used by various governmental agencies, including the United States Department of Defense, airport authorities, and the National Park Service, for layered security at facilities and events. Its explosives detection products are used to identify military-grade explosives and homemade explosive devices in a range of military and public safety applications, such as screening high-risk individuals at checkpoints, identifying improvised explosive device (IED) makers, and screening air passengers and baggage. Its radiation products protect the public by warning of radionuclide exposure and have been or are being used by the U.S. Department of Energy�� Nuclear Emergency Search Team, the New York Police Department, the Internat! ional Ato! mic Energy Agency, the U.S. Coast Guard, and the United Kingdom�� Home Office Border and Immigration Agency.
The Company competes with Agilent Technologies, Canberra Industries, Idaho Technologies, NUCSAFE, SAIC, Smiths Detection, Thermo Fisher Scientific, and United Technologies.
Integrated Systems
Integrated Systems develops platform solutions for combating sophisticated security threats and incorporates multiple sensor systems in order to deliver actionable intelligence for wide area surveillance, intrusion detection, border security, and facility security. Integrated Systems incorporates advanced sensors from both the FLIR product suite and external vendors in order to design and manufacture adaptive and effective force protection, homeland security, and commercial solutions that are designed to save lives and protect critical assets. Integrated Systems utilizes an array of sensor technologies, such as radars, thermal imaging and visible light cameras, chemical detectors, radiation detectors, and command and control systems, provided by its other segments as well as from external parties, to create high value solutions for customers across the world.
Integrated Systems manufactures and markets several accurate mobile and fixed solutions for perimeter surveillance. The Cerberus mobile unmanned towers and manned SkyWatch towers are utilized for protecting borders, securing facilities, protecting forces, and safeguarding the public. These tower systems can be deployed in almost any environment and are fully networkable platform solutions that integrate various sensor suites, including infrared thermal or visible light cameras, ground surveillance radar, video motion detection, and unattended ground sensors. In addition, Integrated Systems offers open-source software that enables customers to command, control, and monitor their sensor networks. Cohesion is a flexible integration software enabling CBRNE sensors to be incorporated into standard command! and cont! rol software systems and is specifically designed to support or integrate with its or third-party advanced sensors and devices. Cameleon video integration software allows for advanced monitoring and control of video surveillance camera networks.
The Company competes with Boeing, Cobham, Honeywell, L-3 Communications, Lockheed Martin, Northrup Grumman, Raytheon, SAIC, Telephonics, and Thales.
Advisors' Opinion:- [By Rich Smith]
FLIR Systems (NASDAQ: FLIR ) landed a big contract from the Pentagon on Tuesday.
Announced among more than a dozen Department of Defense contract awards that added up to more than $2.7 billion in total value, FLIR's $82.4 million award for the procurement of Talon Forward Looking Infrared Systems may not look like much, but it amounts to nearly 6% of all revenues the company collected last year.
- [By Alex Planes]
What: Shares of FLIR Systems (NASDAQ: FLIR ) have steadily risen throughout the day, and are now sitting on gains of nearly 11% as of this writing, after reporting earnings this morning that primarily showed strength on the top line.
- [By Sue Chang and Saumya Vaishampayan]
Flir Systems Inc. (FLIR) rallied 9.7% following the release of several new products at CES, including a thermal imaging system for smartphones.
- [By Wallace Witkowski]
Some of the companies most dependent on government for revenue are Harris Corp. (HRS) �with 80% of revenue government-derived; Granite Construction Inc. (GVA) �with 58%; Flir Systems Inc. (FLIR) �with 54%; and Waste Management Inc. (WM) � and Republic Services Inc. (RSG) �both with 50%, according to Goldman Sachs.
Best Healthcare Equipment Stocks To Watch For 2015: SS&C Technologies Holdings Inc.(SSNC)
SS&C Technologies Holdings, Inc. provides software products and software-enabled services to financial services providers primarily in the United States, Canada, Europe, the Asia Pacific, and Japan. Its software products and services allows its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, performance measurement, reconciliation, reporting, processing, and clearing. The company?s products and services comprise management/accounting, real-time trading systems, treasury operations, financial modeling, loan management/accounting, property management, money market processing, and training products. Its software-enabled services consist of financial data acquisition, transformation, and delivery services; and business process outsourcing investment accounting and investment operations, hosting of its application softw are, automated workflow integration, automated quality control mechanisms, and interface and connectivity services. The company also offers on- and offshore fund administration services; outsourced administration services and software; real-time trade matching utility and delivery instruction database; securities data services; and broker-neutral and platform-neutral connectivity services. It serves institutional asset management, alternative investment management, and financial institutions vertical markets, as well as commercial lenders, corporate treasury groups, insurance and pension funds, municipal finance groups, and real estate property managers. The company was formerly known as Sunshine Acquisition Corporation and changed its name to SS&C Technologies Holdings, Inc. in June 2007. SS&C Technologies Holdings, Inc. was founded in 1986 and is headquartered in Windsor, Connecticut.
Advisors' Opinion:- [By Evan Niu, CFA]
What: Shares of SS&C Technologies (NASDAQ: SSNC ) have skyrocketed by as much as 10% today after the company posted record first-quarter results.
Best Healthcare Equipment Stocks To Watch For 2015: ZipRealty Inc.(ZIPR)
ZipRealty, Inc., a residential real estate brokerage company, provides brokerage services to buyers and sellers in the United States. The company, through its Website ziprealty.com, provides access to Multiple Listing Services (MLS) home listings data, including pictures from the local MLSs; and allows consumers to receive an automatic email notification each time a property that meets their desired search criteria, is made available on the local MLSs. Its Website also offers neighborhood data, such as population, comparable home sales, average income, education level, occupation mix, cost of living, crime statistics, weather, school district information, maps, and driving directions; online images and virtual tours; schedule visits; and home offers. In addition, the company operates ZAP, a Web-based agent platform and customer relationship management system integrated to its Website. Its ZAP integrates and records consumer contact information and Website behavior, agent b ehavior, and transaction information into a common platform; and records relevant consumer behavior, such as logon frequency and times, specific homes viewed and printed, searches made by clients, requested visits to view homes, and online offers, as well as captures and stores agent activities, including agent email communications organized by clients. The company offers its services through its agents in Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Maryland, Massachusetts, Minnesota, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Texas, Utah, Virginia, Washington, and Washington, D.C. ZipRealty, Inc. was founded in 1999 and is based in Emeryville, California.
Advisors' Opinion:- [By Shaun Currie, CFA]
ZipRealty (ZIPR) is a company that meets 5 of the 6 criteria listed above. The stock has fallen out of favor over the last several years as performance declined during the recession. The company has completed a major restructuring and recently returned to positive EBITDA margins. Operations of the company are further supported by a pickup in home sales in the US. There has also been significant insider buying over the past month, and the company trades at a deep discount to its competition. I believe the stock has at least 60% upside from its current price.
Best Healthcare Equipment Stocks To Watch For 2015: Exide Technologies (XIDEQ)
Exide Technologies, incorporated on November 23, 1966, is engaged in stored electrical energy solutions, and is a manufacturer and supplier of lead-acid batteries for transportation and industrial applications in the worldwide. Exide operates in four business segments: Transportation Americas, Transportation Europe and ROW, Industrial Energy Americas, and Industrial Energy Europe and ROW. The Company�� operations in the Americas as well as Europe and Rest of World (ROW) represented approximately 42% and 58%, respectively, during the fiscal year ended March 31, 2013 (fiscal 2013), net sales.
Transportation
The Company�� transportation batteries include starting lighting and ignition (SLI) batteries for cars, trucks, off-road vehicles, agricultural and construction vehicles, motorcycles, recreational vehicles, marine, and other applications including Micro-hybrids. The Company�� principal batteries sold in the transportation markets are represented by brands: Exide, Exide Extreme, Exide NASCAR Select, Centra, DETA, Orbital, Fulmen, and Tudor, as well as other brands under various private labels. The market for transportation batteries is divided between sales to aftermarket customers and original equipment manufacturers (OEMs). Transportation segments represented approximately 61% of the Company�� net sales in fiscal 2013. Within the transportation segments, aftermarket and OEM net sales, including original equipment service (OES) represented approximately 72.1% and 27.9% of fiscal 2013 net sales, respectively.
Some of the Company�� aftermarket customers include Pep Boys, Bosch, Tractor Supply, Canadian Tire, ADI, ATR International, and GroupAuto International. In addition, the Company is also a supplier of authorized replacement batteries for OEMs including the BMW Group, Fiat Group, Honda, Iveco, John Deere, PSA Group, Scania, Volvo Trucks, Toyota, Volkswagen Group, Renault-Nissan, PACCAR, and many others. Some of the Company�� OEM customers include t! he BMW Group, Fiat Group, International Truck & Engine, the PSA group (Peugeot S.A./Citroen), Case/New Holland, John Deere, Renault, Nissan, Scania, Volvo Trucks, Volkswagen Group, Chrysler, Toyota, Jaguar, Land Rover, among others.
In the Americas, the Company sells aftermarket transportation products through various distribution channels, including mass merchandisers, auto parts outlets, wholesale distributors, and battery specialists. The Company sells its OEM transportation replacement products principally through dealer networks. The Company�� Americas operations include a network of 74 branches which sell and distribute batteries and other products to the Company�� distributor channel customers, battery specialists, national account customers, retail stores, and OEM dealers. In addition, these branches collect spent batteries for the Company�� recycling facilities. These operations supply recycled lead for approximately 75 to 80% of Exide�� Transportation and Industrial Energy products manufactured in North America. The recycling facilities also recover and recycle battery acid as well as plastic materials that are used to produce new battery covers and cases.
In Europe and ROW, the Company sells OEM batteries to the light vehicle, light commercial vehicle and commercial vehicle industries. The commercial vehicle industry includes truck manufacturers as well as construction and agriculture vehicle manufacturers. Exide supplies its OEM batteries directly to the assembly plants of its customers. The Company also delivers service and replacement batteries into this segment. Those are either distributed by the OEM customers themselves or delivered directly to the service points through the Exide logistics network. The Company also supplies advanced lead-acid batteries for microhybrid vehicles equipped with carbon dioxide reducing technologies such as Start & Stop with and without regenerative braking systems. It sells Europe and ROW aftermarket batteries primarily th! rough aut! omotive parts and battery wholesalers, mass-merchandisers, auto centers, service installers, and oil companies. Battery specialists sell and distribute batteries to a network of automotive parts retailers, service stations, independent retailers, and garages throughout Europe.
The Company competes with Johnson Controls, Inc. and East Penn Manufacturing.
Industrial Energy
The Company�� Industrial Energy segments supply both motive power and network power applications. Motive power batteries are used in the material handling industry for electric forklift trucks, and in other industries, including floor cleaning machinery, powered wheelchairs, railroad locomotives, mining, and the electric road vehicles market. The battery technologies for the motive power markets include flooded flat plate products, tubular plate products, absorbed glass mat (AGM) products, and gel electrolyte products. The Company also offers a complete range of battery chargers and related equipment for the operation and maintenance of battery-powered vehicles. Network power batteries are used to provide back-up power for use with telecommunications systems, computer installations or data centers, hospitals, air traffic control systems, security systems, utilities, railway and military applications. Telecommunications applications include central and local switching systems, satellite stations, wireless base stations and mobile switches, optical fiber repeating boxes, cable television transmission boxes, and radio transmission stations. The Company�� strongest network power battery brands, Absolyte and Sonnenschein, offer customers the choice of AGM or gel electrolyte valve regulated battery technologies and deliver among the highest energy and power densities in their class.
In the Americas, the Company distributes motive power products and services through multiple channels. These include sales and service locations owned by the Company that are augmented by a network of indep! endent ma! nufacturers��representatives. The Company serves a wide range of customers including OEM suppliers of lift trucks, industrial companies, retail distributors, warehousing companies, and manufacturers. Motive power customers in the Americas include Toyota, MCFA, NACCO, Sears, Toyota, Walmart, and Target. The Company distributes network power products and services through sales and service locations owned by the Company augmented by a network of independent manufacturers��representatives. The Company�� primary network power customers in the Americas include AT&T, APC, Emerson Electric, and Verizon Wireless.
The Company distributes motive power products and services in Europe through in-house sales and service organizations and utilizes distributors and agents for the export of products from Europe to ROW countries. Motive power products in Europe are also sold to a wide range of customers in the aftermarket, ranging from industrial companies and retail distributors to small warehousing and manufacturing operations. Motive power batteries are also sold in complete packages, including batteries, chargers, and increasingly through on-site service. The Company�� OEM motive power customers include Toyota Material Handling, the KION Group, and Jungheinrich. The Company distributes network power products and services in Europe and batteries and chargers in Australia and New Zealand through in-house sales and service organizations. In Asia, products are distributed through independent distributors. The Company utilizes distributors, agents, and direct sales to export products from Europe and North America to ROW. The Company�� primary Network Power customers in Europe and ROW include Deutsche Telecom, Alcatel, Emerson Electric, Ericsson and Siemens Nokia Networks.
The Company competes with EnerSys Inc., East Penn Manufacturing, Hoppecke, MIDAC, GS/Yuasa, Shinkobe and C&D Technologies.
Advisors' Opinion:- [By Rich Duprey]
A real car wreck on the horizon
Already crashing and burning was lead-acid battery maker Exide Technologies (NASDAQOTH: XIDEQ ) , which confirmed it had hired a restructuring specialist to help it cope with is financial situation ahead of some of its debt maturing this fall. It's shares fell almost 48% on the news.
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