Capital Goods Sector Review: 4Q Reports for MDC and Cummins

Read Trending Stories

Today's Trending Stocks

Click a Company to Research Now:

Sterling Construction Co (NASDAQ:STRL) announced that it expects to report an after-tax loss for the three months ended December 31, 2011. Results for this period will reflect the impact of a pre-tax net charge of between $5.4 million and $6.4 million (or an after-tax net charge of between 23c-27c per fully diluted share) as a result of revisions to previous estimates of revenues and costs for a number of construction projects. The net revisions to our contract estimates were the result of different factors affecting various contracts, some positively and some negatively. The main factors resulting in the net charge were variances in productivity on several projects, site-specific conditions that differed from those expected at the time certain jobs were bid, and changes in estimates made by project managers in their periodic reviews of revenues and costs for certain contracts.

The shares closed at $10.73, down $1.57, or 12.76%, on the day. Its market capitalization is $175.13 million.

Cemex SAB de CV (NYSE:CX): Operating EBITDA increased by 13% during Q4 to $542M and increased 1% for the full year to $2.3B versus 2010.

The shares closed at $7.86, up $0.75, or 10.55%, on the day. Its market capitalization is $7.86 billion.

M.D.C. Holdings, Inc. (NYSE:MDC) reported Q4 revenue $247.7M vs. consensus $249.16M.

The shares closed at $22.40, up $1.99, or 9.75%, on the day. Its market capitalization is $1.06 billion.

Cummins Inc. (NYSE:CMI) reported Q4 revenue $4.9B vs. consensus $4.71B.

The shares closed at $113.31, up $7.49, or 7.08%, on the day. Its market capitalization is $21.85 billion.

Rofin-Sinar Technologies (NASDAQ:RSTI) sees Q2 revenue $130M-$135M vs. consensus $141.98M.

The shares closed at $25.49, down $3.9, or 13.27%, on the day. Its market capitalization is $726.54 million.

M/I Homes, Inc. (NYSE:MHO): Backlog units and value increased 27% and 34%, respectively.

The shares closed at $11.47, down $0.61, or 5.05%, on the day. Its market capitalization is $214.91 million.

Cemex SAB de CV (NYSE:CX): Operating EBITDA increased by 13% during Q4 to $542M and increased 1% for the full year to $2.3B versus 2010.

The shares closed at $7.86, up $0.75, or 10.55%, on the day. Its market capitalization is $7.86 billion.

Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.

To contact the reporter on this story: Stella Mariz at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

Get Your FREE Special Report: 4 Things You Must Know About the US Economy Now!

Do You Want More Profits? Wall St. Cheat Sheet Premium newsletter subscribers have been crushing the markets with winning stock picks.

Click here now for your FREE trial to our acclaimed flagship newsletter:

Learn More

Advertisement:
Improve your Investing Portfolio with Wall St Cheat Sheet Premium

Intelligent Investing

Wall St. Cheat Sheet Premium

Tired of wasting time and money sifting through the noise on TV, websites, and Twitter? Get winning stock picks now.

Gold & Silver Premium

Join Chicago Mercantile Exchange commentator Eric McWhinnie as he covers Gold & Silver for you.

Commodities Premium

Commodities are heating up. This is an investment newsletter you'll need to win in the bull market.

Wall St. Cheat Sheet has been featured in these fine media outlets: