NEW YORK, April 1, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding
Reliance Steel & Aluminum Co. (NYSE: RS), Worthington
Industries, Inc. (NYSE: WOR), CLARCOR Inc. (NYSE: CLC), Carpenter
Technology Corporation (NYSE: CRS), and Nuverra Environmental
Solutions, Inc. (NYSE: NES). Private wealth members receive these
notes ahead of publication. To reserve complementary membership,
limited openings are available at:
http://www.AnalystsReview.com/register
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Reliance Steel & Aluminum Co. Analyst Notes
On March 26, 2014, Reliance Steel
& Aluminum Co. (Reliance Steel) announced the verdict in
connection to the Texas Antitrust Case. The Texas jury returned a verdict against Reliance
Steel and its subsidiary, Chapel Steel Corp, and four other
co-defendants of $52 million in
damages, which amount is expected to be trebled under the federal
antitrust laws. As discussed in the Company's Annual Report on Form
10-K for the period ended December 31,
2013, filed with the Securities and Exchange Commission,
Reliance Steel has been involved in legal proceedings brought by
two former employees who left the Company to start their own
business and claim that Reliance and the co-defendants engaged in
anticompetitive activities. David
Hannah, Reliance's Chairman of the Board and CEO, said, "We
are deeply disappointed with the outcome of this trial and we
continue to believe that Reliance and Chapel acted appropriately
and within their legal rights." Both Reliance Steel and Chapel
intend to pursue taking the matter up on appeal. The full analyst
notes on Reliance Steel & Aluminum Co. are available to
download free of charge at:
http://www.AnalystsReview.com/04012014/RS/report.pdf
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Worthington Industries, Inc. Analyst Notes
On March 26, 2014, Worthington
Industries, Inc. (Worthington) announced that its Board of
Directors has authorized and declared a quarterly dividend in the
amount of $0.15 per share. The
dividend is payable on June 27, 2014
to shareholders of record on June 13,
2014. The dividend represents the 186th consecutive quarter
that the Company has paid a dividend since it became a public
company in 1968. The full analyst notes on Worthington Industries,
Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04012014/WOR/report.pdf
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CLARCOR Inc. Analyst Notes
On March 26, 2014, The CLARCOR
Inc. (CLARCOR) announced that its Board of Directors has authorized
and declared a regular quarterly dividend in the amount of
$0.17 per share of common stock. The
dividend is payable on April 21, 2014
to shareholders of record on April 7,
2014. The full analyst notes on CLARCOR Inc. are available
to download free of charge at:
http://www.AnalystsReview.com/04012014/CLC/report.pdf
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Carpenter Technology Corporation Analyst Notes
On March 27, 2014, Carpenter
Technology Corp.'s (Carpenter) stock increased slightly by 0.42% to
end the day at $65.19, compared to
the previous day's closing price at $64.92. The Company's stock increased 5.50% over
the past three trading months, compared to the Dow Jones Industrial
Average which went down 1.30% and to the Standard & Poor's 500
which went up 0.41% during the same trading period. The full
analyst notes on Carpenter Technology Corporation are available to
download free of charge at:
http://www.AnalystsReview.com/04012014/CRS/report.pdf
--
Nuverra Environmental Solutions, Inc. Analyst
Notes
On March 10, 2014, Nuverra
Environmental Solutions, Inc. (Nuverra) announced that it has
entered into a definitive agreement to divest its Industrial
Solutions segment, Thermo Fluids Inc. to VeroLube, Inc. (VeroLube).
Under the terms of agreement, Nuverra will receive $165 million in cash and $10 million in VeroLube shares. Mark D. Johnsrud, Nuverra's CEO, said, "I am
very pleased to enter into this definitive agreement, which is
consistent with the strategy we have previously discussed to focus
exclusively on growing our core shale environmental solutions
business." He continued, "I believe the vertical integration and
consolidation strategy that the VeroLube and Canaccord Genuity team
is focusing on is very compelling, and Nuverra is excited to
receive VeroLube equity as part of our payment consideration." The
transaction is expected to close in Q2 2014. The full analyst notes
on Nuverra Environmental Solutions, Inc. are available to download
free of charge at:
http://www.AnalystsReview.com/04012014/NES/report.pdf
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