Investors Analyze Earnings of 3 Industrial Stocks

Capstone Turbine Corporation (NASDAQ:CPST) reported its results for the third quarter. Loss widened to $8.8 million (3 cents per diluted share) from $8.1 million (loss of 3 cents per share) in the same quarter a year earlier. Revenue rose 13.8% to $27.5 million from the year earlier quarter. Capstone Turbine Corporation fell short of the mean analyst estimate of a loss of 2 cents per share. It fell short of the average revenue estimate of $29.4 million.

Competitors to Watch: Ocean Power Tech., Inc. (NASDAQ:OPTT), Broadwind Energy Inc. (NASDAQ:BWEN), Dresser-Rand Group Inc. (NYSE:DRC), Generac Holdings Inc. (NYSE:GNRC), Woodward Inc (WWD), Xzeres Corp. (XPWR), Helix Wind Corp (HLXW), Mass Megawatts Wind Power Inc (MMMW), GWS Technologies Inc (GWSC), and WindGen Energy Inc. (WGEI).

Republic Services Inc. (NYSE:RSG) reported net income above Wall Street’s expectations for the fourth quarter. Net income for the waste management company rose to $191 million (51 cents per share) vs. $147.6 million (38 cents per share) in the same quarter a year earlier. This marks a rise of 29.4% from the year earlier quarter. Revenue rose 0.2% to $2.03 billion from the year earlier quarter. Republic Services Inc. reported adjusted net income of 53 cents per share. By that measure, the company beat the mean estimate of 45 cents per share. Analysts were expecting revenue of $2.02 billion.

“I am very pleased with our 2011 performance,” said Donald W. Slager, President and Chief Executive Officer. “Our strong operational focus allowed the Company to achieve a record level of free cash flow. We continue to have a disciplined approach in the utilization of cash flow, which includes re-investing in our business, acquisitions and returning cash through share repurchases and dividends. During 2011, Republic returned approximately $770 million to its owners through repurchases and dividends. We remain focused on improving our return on capital through pricing that exceeds cost increases and initiatives that enhance our productivity. Additionally, we remain committed to maintaining our strong credit profile and investment grade ratings as we continue to grow the business.”

Competitors to Watch: Waste Management, Inc. (NYSE:WM), Waste Connections, Inc. (NYSE:WCN), WCA Waste Corporation (NASDAQ:WCAA), Casella Waste Systems Inc. (NASDAQ:CWST), Perma-Fix Environmental Services, Inc. (NASDAQ:PESI), Stericycle, Inc. (NASDAQ:SRCL), Industrial Services of America, Inc. (NASDAQ:IDSA), Clean Harbors, Inc. (NYSE:CLH).

Pitney Bowes Inc. (NYSE:PBI) reported net income above Wall Street’s expectations for the fourth quarter. Net income for the business equipment company rose to $257.5 million ($1.28 per share) vs. $63 million (31 cents per share) in the same quarter a year earlier. This is a more than fourfold rise from the year earlier quarter. Revenue fell 6.5% to $1.34 billion from the year earlier quarter. Pitney Bowes Inc. reported adjusted net income of 97 cents per share. By that measure, the company beat the mean estimate of 60 cents per share. It fell short of the average revenue estimate of $1.37 billion.

Commenting on the quarter and the year, Chairman, President and CEO Murray D. Martin noted, “We are pleased that we were able to achieve our original earnings objective and exceed our cash flow target despite a business environment that remained unexpectedly challenging during 2011. Our Strategic Transformation program enabled us to streamline our business processes and improve the way we interact with our customers. Our cost structure is now more variable and efficient, and as a result, we achieved EBIT margin improvement for the year on our adjusted results.”

Competitors to Watch: Ricoh Company Ltd. (RICOY), Xerox Corporation (NYSE:XRX), ACCO Brands Corporation (NYSE:ABD), Smith Corona Corporation (SITM), Innovative Impact Design, Inc. (IIDG), Gunther International Ltd. (SORT), and Oce N.V. (OCENY).

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