3 Stocks Active Among Traders and Investors as Earnings Yield Review

MeadWestvaco Corporation (NYSE:MWV) reported its results for the fourth quarter. Reported a loss of $15 million (9 cents per diluted share) in the quarter. MeadWestvaco Corporation had a net income of $47 million or 28 cents per share in the year earlier quarter. Revenue remained constant at $1.5 billion. MWV reported adjusted net income of 26 cents per share. By that measure, the company fell short of mean estimate of 28 cents per share. Analysts were expecting revenue of $1.48 billion.

“Another year of record results in 2011 demonstrates that our market-focused strategies will deliver strong, sustainable financial returns for our shareholders,” said John A. Luke, Jr., chairman and chief executive officer. “We are confident that our growth model centered on commercial excellence, innovation, emerging markets and expanded participation will extend and accelerate this outstanding progress over the next several years.”

Competitors to Watch: Smurfit-Stone Container Corp. (NYSE:SSCC), Rock-Tenn Company (NYSE:RKT), Packaging Corp. of America (NYSE:PKG), MOD-PAC CORP. (NASDAQ:MPAC), Graphic Packaging Holding Co. (NYSE:GPK), International Paper Co. (NYSE:IP), KapStone Paper and Packaging Corp. (NYSE:KS), Clearwater Paper Corp (NYSE:CLW) and Temple-Inland, Inc. (NYSE:TIN).

Praxair Inc. (NYSE:PX) reported its results for the fourth quarter. Net income for the synthetics company rose to $420 million ($1.38 per share) vs. $133 million (43 cents per share) in the same quarter a year earlier. This is a more than threefold rise from the year earlier quarter. Revenue rose 6.6% to $2.8 billion from the year earlier quarter. PX reported adjusted net income of $1.36 per share. By that measure, the company was about in line with expectations as the mean analyst estimate was $1.37 per share. Analysts were expecting revenue of $2.84 billion.

Commenting on the financial results and business outlook, Chairman and Chief Executive Officer Steve Angel said, “In 2011, Praxair again delivered strong growth combined with industry-leading profitability. We signed a record amount of new contracts in 2011 and finished the year with a backlog of $2.7 billion of new projects under construction which will come on-stream in 2012, 2013, and 2014.”

Competitors to Watch: Air Products & Chemicals, Inc. (NYSE:APD), Airgas, Inc. (NYSE:ARG), and Rentech, Inc. (AMEX:RTK).

Molex Incorporated (NASDAQ:MOLX) reported its results for the second quarter. Net income for Molex Incorporated fell to $64 million (36 cents per share) vs. $78.3 million (45 cents per share) a year earlier. This is a decline of 18.2% from the year earlier quarter. Revenue fell 4.9% to $857.6 million from the year earlier quarter. MOLX fell short of the mean analyst estimate of 41 cents per share. It fell short of the average revenue estimate of $890.2 million.

“We continue to be optimistic about the future as our new product pipeline is quite strong and long-term growth opportunities remain healthy,” commented Martin P. Slark, Molex’s Chief Executive Officer. “The uncertain economic environment coupled with the disruption from the floods in Thailand, however, made the December quarter challenging from a booking and revenue perspective. We are pleased with our cost control, cash flow and resulting margins and are encouraged by improvements in recent booking trends. During the quarter we completed the purchase of Temp-Flex Cable, Inc., a specialty wire and cable company. Temp-Flex increases our presence in the medical market and will complement our high performance cable business.”

Competitors to Watch: Amphenol Corporation (NYSE:APH), TE Connectivity Ltd. (NYSE:TEL), RF Industries, Ltd. (NASDAQ:RFIL), AVX Corporation (NYSE:AVX), Methode Electronics Inc. (NYSE:MEI), Thomas & Betts Corporation (NYSE:TNB), Spectrum Control, Inc. (NASDAQ:SPEC), 3M Company (NYSE:MMM), Illinois Tool Works Inc. (NYSE:ITW), and Optical Cable Corporation (NASDAQ:OCCF).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

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