Exxon Mobil, PACCAR and Headwaters Shares in Play Following Earnings Reports

Exxon Mobil Corporation (NYSE:XOM) reported its results for the fourth quarter. Net income for the oil and gas company rose to $9.4 billion ($1.97 per share) vs. $9.25 billion ($1.85 per share) in the same quarter a year earlier. This marks a rise of 1.6% from the year earlier quarter. XOM fell short of the mean analyst estimate of $2.01 per share.

Competitors to Watch: Chevron Corporation (NYSE:CVX), BP plc (NYSE:BP), ConocoPhillips (NYSE:COP), Marathon Oil Corporation (NYSE:MRO), Hess Corp. (NYSE:HES), TOTAL S.A. (NYSE:TOT), Suncor Energy Inc. (NYSE:SU) and Petroleo Brasileiro SA (NYSE:PBR).

PACCAR Inc. (NASDAQ:PCAR) reported net income above Wall Street’s expectations for the fourth quarter. Net income for PACCAR Inc. rose to $327.7 million (91 cents per share) vs. $169.8 million (46 cents per share) in the same quarter a year earlier. This marks a rise of 93% from the year earlier quarter. Revenue rose 58.7% to $4.85 billion from the year earlier quarter. PCAR beat the mean analyst estimate of 79 cents per share. It beat the average revenue estimate of $4.23 billion.

“PACCAR’s excellent balance sheet and operating cash flow of $1.59 billion in 2011 have enabled increased capital investments in new products, enhanced manufacturing efficiency and global expansion,” said Pigott. “To support the investments in global business initiatives in 2011, the company displayed its vehicles at major truck shows in the BRIC countries (Brasil, Russia, India, China) during the year. We have begun construction of a DAF assembly facility in Brasil, opened a parts distribution center in Russia and added employees in our India and China operations,” added Pigott. “We are pleased that our vehicles achieved record share in the above 15-tonne market in Europe and Class eight market in North America. It is expected that the truck market in the U.S. and Canada will further improve in 2012. Ongoing economic uncertainties in Europe have resulted in lower Eurozone industry truck orders in recent months.”

Competitors to Watch: Navistar Intl. Corp. (NYSE:NAV), Wabash National Corp. (NYSE:WNC), Federal Signal Corporation (NYSE:FSS), Arctic Cat Inc. (NASDAQ:ACAT), Ford (NYSE:F), General Motors (NYSE:GM), Toyota (NYSE:TM), Cummins Inc. (NYSE:CMI), and Tata Motors Limited (NYSE:TTM).

Headwaters Incorporated (NYSE:HW) reported its results for the first quarter. Loss widened to $23.7 million (39 cents per diluted share) from $20.7 million (loss of 34 cents per share) in the same quarter a year earlier. Revenue rose 1.2% to $137.4 million from the year earlier quarter. HW reported an adjusted net loss of 22 cents per share. By that measure, the company fell short of the mean analyst estimate of a loss of 13 cents per share. Analysts were expecting revenue of $139.5 million.

“We are pleased to report that our core business segments, light building products and heavy construction materials, completed the strongest first quarter performance in over three years,” said Kirk A. Benson, Chairman and Chief Executive Officer of Headwaters. “On a year-over-year basis, gross margin improved by more than 160 basis points and operating expenses declined by 8.6%. We had a great first quarter, and we are excited about the remainder of the current year because we are realizing the benefits from the restructuring program implemented in the latter half of 2011.

Competitors to Watch: PGT, Inc. (NASDAQ:PGTI), NCI Building Systems, Inc. (NYSE:NCS), Apogee Enterprises, Inc. (NASDAQ:APOG), Armstrong World Industries, Inc. (NYSE:AWI), Owens Corning (NYSE:OC), Griffon Corporation (NYSE:GFF) and Patrick Industries, Inc. (NASDAQ:PATK).

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