| Date | Time | Source | |
| 05/22/2013 | 4:30PM | ZACKS | Reaffirming Reliance Steel at Neutral - Analyst Blog
We are retaining our Neutral recommendation on Reliance Steel & Aluminum Co. (RS). While the company is seeing strength across automotive and energy markets, a still soft non-residential construction market and the weak pricing environment lead us to take a cautious stance. Why Retained? Both revenues and earnings... More...>> |
| 05/21/2013 | 4:05PM | MWUS | Worthington Announces New Engineered Cabs and WAVE Presidents
Worthington Industries, Inc. (NYSE: WOR) announced today that John G. Lamprinakos will become the next president of the Company's Engineered Cabs business segment, effective July 1, 2013, replacing Robert A. Kluver who is retiring on December 31, 2013 after 42 years with the business. Charlie Chiappone will replace Lamprinakos... More...>> |
| 05/17/2013 | 5:00AM | ZACKS | Forbes Energy Reports Loss Yet Again - Analyst Blog
Forbes Energy Services Ltd. (FES), an oilfield services contractor, reported sequentially improved results for the first quarter of 2013, with a loss per share of 13 cents, narrower than the Zacks Consensus Estimate of a loss of 17 cents. Increased pricing pressures coupled with diminishing demand negatively impacted... More...>> |
| 05/14/2013 | 5:30AM | ZACKS | Northwest Pipe's Earnings Top, Net Doubles - Analyst Blog
Welded steel pipe maker Northwest Pipe Co. (NWPX) posted first-quarter 2013 earnings of $1.00 per share, outpacing the Zacks Consensus Estimate of 30 cents and exceeding the year-ago quarter’s earnings of 50 cents. Profit roughly doubled year over year to $9.5 million on strength in the company’s Water Transmission... More...>> |
| 05/09/2013 | 10:00AM | ZACKS | Neutral on Apogee - Analyst Blog
On May 3, we maintained our Neutral recommendation on leading designer and developer of glass products, services, and systems, Apogee Enterprises Inc (APOG), based on strong backlog in its architectural segment, revenue growth opportunities from focus on operational improvements, expansion and new product launches, recovery... More...>> |
| 05/02/2013 | 5:04AM | ZACKS | ITT Earnings Beat Estimate - Analyst Blog
ITT Corporation (ITT) reportedfirst quarter 2013 earnings per share of 47 cents, which were 9.3% above the Zacks Consensus Estimate of 43 cents. Earnings were up 21% year over year. Profits during the quarter were driven by stronger operational performance, improved volumes and favorable mix. On a GAAP basis, the company... More...>> |
| 04/29/2013 | 1:00PM | ZACKS | Will Tetra Tech Miss Earnings? - Analyst Blog
California-based consulting, engineering and technical service provider Tetra Tech Inc. (TTEK) is set to report its second-quarter fiscal 2013 results on May 1. In the last quarter Tetra Tech posted earnings of 41 cents, in line with the Zacks Consensus Estimate. Let’s see how things are shaping up for this quarter... More...>> |
| 04/29/2013 | 9:10AM | ZACKS | Will ITT Corporation Beat Earnings? - Analyst Blog
A global multi-industry leader in high-technology engineering and manufacturing, ITT Corporation (ITT) is set to report its first quarter fiscal 2013 results on May 2. In the last reported quarter, it posted a 2.6% positive surprise. Let’s see how things are shaping up for this quarter. Why a Likely Positive Surprise?... More...>> |
| 04/29/2013 | 9:10AM | ZACKS | Will ITT Corporation Beat Earnings? - Analyst Blog
A global multi-industry leader in high-technology engineering and manufacturing, ITT Corporation (ITT) is set to report its first quarter fiscal 2013 results on May 2. In the last reported quarter, it posted a 2.6% positive surprise. Let’s see how things are shaping up for this quarter. Why a Likely Positive Surprise?... More...>> |
| 04/29/2013 | 4:40AM | ZACKS | Reliance Steel Misses, Profit Slips - Analyst Blog
Reliance Steel & Aluminum Co.’s (RS) first-quarter 2013 earnings per share of $1.09 lagged the Zacks Consensus Estimate of $1.15 and was below the year-ago earnings of $1.54 per share. Profit slid 28% year over year to $83.7 million, hurt by a double-digits fall in sales. Lower pricing also weighed... More...>> |
| 04/16/2013 | 5:55AM | ZACKS | Reliance Steel Closes Metals USA Buy - Analyst Blog
Reliance Steel & Aluminum Co. (RS) has wrapped up its acquisition of Metals USA Holdings Corp. This follows the recent approval of the transaction by Metals USA’s shareholders. Metals USA, which makes steel and aluminum components, has now become a fully-owned subsidiary of Reliance Steel. Reliance Steel, in... More...>> |
| 04/15/2013 | 9:20AM | ZACKS | Timken Buys Smith Services Assets - Analyst Blog
The Timken Company (TKR), a producer of anti-friction bearings and steel, recently acquired the assets of privately held Smith Services Inc. The value of the acquisition was not made public. Based in Princeton, W.Va., Smith Services is an electric motor repair specialist. The company repairs and rewinds 200 to 3,500 horsepower... More...>> |
| 04/12/2013 | 9:40AM | ZACKS | Reliance Steel-Metals USA Merger Gets Shareholder OK - Analyst Blog
Reliance Steel & Aluminum Co.’s (RS) impending acquisition of Metals USA Holdings Corp. (MUSA) has been cleared by the latter’s shareholders. Shareholders holding 87.3% of Metals USA’s outstanding shares voted in favor of the deal at a special stockholders’ meeting. Metals USA expects the transaction... More...>> |
| 04/11/2013 | 4:40AM | ZACKS | Apogee's Fiscal 2013 Earnings Triple - Analyst Blog
Apogee Enterprises, Inc. (APOG) delivered fourth-quarter fiscal 2013 earnings of 15 cents per share, up 36% from 11 cents per share earned in the prior-year quarter but falling short of the Zacks Consensus Estimate of 19 cents per share. Total revenue improved 6% year over year to $179.7 million in the quarter but missed... More...>> |
| 04/10/2013 | 7:40AM | ZACKS | Worthington Scoops Up Palmer - Analyst Blog
Metal processor Worthington Industries, Inc.’s (WOR) Pressure Cylinders division has bought steel and fiberglass tanks maker Palmer Mfg. & Tank, Inc. The acquisition will boost Worthington’s foothold in the oil and gas industry. Garden City, Kan.-based privately-owned Palmer makes steel and fiberglass tanks... More...>> |
| 04/10/2013 | 5:30AM | ZACKS | Reliance Steel Amends $1.5B Facility, Raises $500M - Analyst Blog
Reliance Steel & Aluminum Co. (RS) said that it has amended and restated its existing $1.5 billion unsecured revolving credit facility and raised new term loan worth $500 million. The credit agreement, which has a five-year term (expiring Apr 4, 2018), provides Reliance Steel with an option to increase the revolving... More...>> |
| 04/09/2013 | 4:05PM | MWUS | Worthington Industries Acquires Palmer Mfg. & Tank Business
Worthington Industries, Inc. (NYSE: WOR) announced today that its Pressure Cylinders segment has acquired Palmer Mfg. & Tank, Inc. business, a manufacturer of steel and fiberglass tanks and processing equipment for the oil and gas industry, and custom manufactured fiberglass tanks for agricultural, chemical and general... More...>> |
| 04/02/2013 | 4:50AM | ZACKS | Forbes Energy's Dismal 4Q - Analyst Blog
Forbes Energy Services Ltd. (FES), an oilfield services contractor, reported disappointing results for the fourth quarter of 2012, with loss per share of 22 cents, much wider than the Zacks Consensus Estimate of a loss of 17 cents. Increased pricing pressures coupled with reducing demand negatively impacted earnings... More...>> |
| 03/27/2013 | 7:22AM | ZACKS | Apogee Down to Neutral - Analyst Blog
On Mar 21, 2013, we downgraded our recommendation on leading designer and developer of glass products, services, and systems, Apogee Enterprises Inc. (APOG) from Outperform to Neutral, driven by Apogee’s focus on increasing its exposure both domestically and internationally, strong backlog in the architectural segment... More...>> |
| 03/26/2013 | 4:40AM | ZACKS | Mixed Bag from Worthington, Profit Jumps - Analyst Blog
Metal processor – Worthington Industries, Inc.’s (WOR) earnings of 52 cents a share for third-quarter fiscal 2013 (ended Feb 28, 2013) beat the Zacks Consensus Estimate by 3 cents and exceeded the year-ago earnings of 37 cents. Profit shot up 43% year over year to $37.1 million, aided by healthy results... More...>> |
