Metal Fabrication
(X) United States Steel Corporation Issues Debt – Maintains BB+ Rating
Ratings agency Fitch Ratings has assigned a “BB+” rating to United States Steel Corporation’s (X) $500 million debt issued recently, reports AP. According to Fitch, “BB+” rated debt is non-investment grade or junk bond and is more vulnerable to changes in...
18Mar2010 | vitalstocks | 0 comments | Continued(VMI) Valmont Industries May Be Downgraded By Standard & Poor’s Ratings Services
Standard & Poor’s Ratings Services has put Valmont Industries Inc. (VMI), the U.S. maker of lighting poles and support structures, on a negative credit review. The news comes after VMI announced that it has agreed to acquire British industrial engineering firm Delta...
8Mar2010 | vitalstocks | 0 comments | Continued(VMI) Valmont Industries to Acquire Delta Plc
Valmont Industries Inc. (VMI), a U.S. maker of lightning poles and support structures, has agreed to acquire British industrial engineer Delta Plc. for $429.1 million or £284.5 million in cash. The offer represents a premium of 20.3% to Delta’s closing price on Mar 3,...
5Mar2010 | vitalstocks | 0 comments | Continued(RS) Reliance Steel & Aluminum Company – Expected Earnings Growth of 96.34%
Reliance Steel & Aluminum Company (RS) recently provided fourth quarter earnings guidance much higher than the Zacks Consensus. Is this a sign that the global recovery is taking hold? Company Description Reliance Steel provides metals processing services through more than...
10Feb2010 | vitalstocks | 0 comments | Continued(X) U.S. Steel Corporation’s Ratings Lowered by Fitch Ratings Agency
According to Reuters, Fitch Ratings Agency has downgraded the ratings of U.S. Steel Corporation (X) to junk status on account of a lack of visibility about the company’s return to profitability. Fitch has lowered the steelmaker’s issuer default rating and senior unsecured...
28Jan2010 | vitalstocks | 0 comments | Continued(X) United States Steel Corporation Underperforms Expectations
Shares of United States Steel Corporation (X) tumbled more than 9% after the company recorded its fourth consecutive loss of $267 million or $1.86 per share in the fourth quarter of 2009. By contrast, the company had reported a net income of $2.90 million or $2.50 per share in...
26Jan2010 | vitalstocks | 0 comments | Continued(X) Steel Output Rises Again
According to the data released by World Steel Association (Worldsteel), global crude steel production for the 66 countries reporting to Worldsteel improved 24.2% year over year to 107.5 million tons in November 2009. Crude steel production has been showing a positive growth rate...
1Jan2010 | vitalstocks | 0 comments | Continued(X) World Steel Association Reports Steady Increase in Steel Output
According to the data released by World Steel Association (worldsteel), global crude steel production for the 66 countries reporting to worldsteel improved 13.1% year over year to 112 million tons in October 2009. Following a revision of the September production figures, this...
7Dec2009 | vitalstocks | 0 comments | Continued(RS) Reliance Steel & Aluminum Steel Posts Profits
Reliance Steel & Aluminum Co. (RS), the largest metals service company in US, reported net income of $41.8 million, or 57 cents per diluted share for the third quarter of 2009. This was considerably better than the Zacks Consensus Estimate of 45 cents and a sequential loss...
27Oct2009 | vitalstocks | 0 comments | Continued(X) Losses Narrow for US Steel
Weak volumes and prices drive losses United States Steel Corporation (X) recorded its third sequential loss — $3.03 billion or $2.11 per share in the third quarter of 2009 in contrast to a net income of $9.19 billion or $7.79 per share in the third quarter of 2008. However,...
27Oct2009 | vitalstocks | 0 comments | Continued(X) Steel Output Mounting
According to the data released by the World Steel Association (WSA), global steel output increased to 107 million tons in the month of Sep 2009, down marginally (0.6%) from the same month of the previous year. Month-on-month, steel output improved slightly from 106.5 million...
27Oct2009 | vitalstocks | 0 comments | Continued(PCP) Precision Castparts Posts Weak Numbers
Precision Castparts Corp. (PCP) today reported disappointing results in its fiscal second quarter. Sales in the quarter totaled $1.3 billion, compared to sales of $1.8 billion last year. Included in the year-over-year sales decline were the negative effects of foreign exchange...
21Oct2009 | vitalstocks | 0 comments | Continued(X) United States Steel Corporation Divests Interest in Wabush Mines
On Oct. 9, United States Steel Corporation’s (X) wholly owned subsidiary U.S. Steel Canada Inc., ArcelorMittal Dofasco and Cliffs Natural Resources Inc. (CLF) have agreed to sell their respective interest in the Wabush Mines joint venture to a Montreal-based steel mining company,...
13Oct2009 | vitalstocks | 0 comments | Continued(PCP) Precision Castparts Corporation Closes Deals
Recently, Precision Castparts Corp. (PCP), a diversified manufacturer of complex metal components and products, has completed its acquisition of Carlton Forge Works in Paramount, California. Carlton is a leading manufacturer of seamless rolled rings of nickel, titanium and steel...
7Oct2009 | vitalstocks | 0 comments | Continued(RS) Reliance Steel & Aluminum Company Updates Outlook
Recently, Reliance Steel & Aluminum Company (RS), one of the leading metal service center companies in the US , updated its outlook for the third quarter ended Sep 30, 2009. Reliance expects earnings for the quarter to range from 40 cents to 45 cents per diluted share (no...
6Oct2009 | vitalstocks | 0 comments | Continued(X) Steel Output Peaks in July
According to data released by the World Steel Association, global steel output reached its highest level in July on the back of moderate rise in demand and resumption of idled facilities by producers. Total output of 103.9 million tons was an improvement of 4% from 99.8 million...
1Sep2009 | vitalstocks | 0 comments | Continued(X) United States Steel Restarting Facility
United States Steel Corp. (X) is restarting its blast furnace at its Hamilton, Ontario plant as steel demand edges higher after a nine-month shutdown. Demand for U.S. Steel’s flat-rolled steel has improved after bottoming in April and May, this year and is likely to improve...
31Aug2009 | vitalstocks | 0 comments | Continued(X) United States Steel Corp. Steelworkers Support Bid for Lakeside Steel
The workers of the largest steel producer in the U.S., United States Steel Corporation (X), are supporting a bid made by Lakeside Steel, a steel pipe and tubing manufacturer in Welland, Ontario to take over U.S. Steel’s Ontario production assets. U.S. Steel had acquired...
28Aug2009 | vitalstocks | 0 comments | Continued(PCP) Precision Castparts Carlton Forge Works for $850 million
Yesterday, Precision Castparts Corp. (PCP) announced its decision to acquire Carlton Forge Works and related entities for $850 million. Carlton, with one facility in Paramount, CA, is a leading manufacturer of seamless rolled rings for critical aerospace applications. Carlton...
27Aug2009 | vitalstocks | 0 comments | Continued(X) Stock Market News for August 27, 2009
U.S. stocks edged up slightly higher, after swinging back and forth in a narrow range, as investors preferred to remain on the sidelines. After yesterday’s better-than-expected reports on housing and consumer confidence, investors looked for fresh signs to help restart a...
27Aug2009 | vitalstocks | 0 comments | Continued(GTLS) Chart Industries, Inc. – Value – Zacks Rank Buy
Chart Industries, Inc. (GTLS), which manufactures equipment used in the production, storage and end-use of hydrocarbon and industrial gases, has faced challenging economic conditions since I last reviewed it in September 2008. However, the company continues to surprise on estimates...
20Jul2009 | Shawn | 0 comments | Continued(LDSH) Ladish Company – increasing its worldwide market share of rotating engine components – recurring revenues
Ladish Company (LDSH) grew sales 15% in the third quarter as demand remained strong from the aerospace sector. The company has surprised on estimates 2 out of the last 4 quarters by an average of 3.84%. Ladish is cheap. Its forward P/E is only 6.3. Company Description Ladish...
12Nov2008 | Shawn | 0 comments | Continued(X) – U.S. Steel Corp – most recent results coming in at an impressive 49.5% above expectations
U.S. Steel Corporation’s (X) record results signal stellar growth. The company’s strong cash flow enables it to hike dividends, which is what occurred in late July when U.S. Steel upped its dividend by 5 cents per share, declaring a 30-cent dividend. The company’s earnings...
2Oct2008 | Shawn | 0 comments | Continued(X) – U.S. Steel Corp – most recent results coming in at an impressive 49.5% above expectations
U.S. Steel Corporation’s (X) record results signal stellar growth. The company’s strong cash flow enables it to hike dividends, which is what occurred in late July when U.S. Steel upped its dividend by 5 cents per share, declaring a 30-cent dividend. The company’s earnings...
26Sep2008 | Shawn | 0 comments | Continued(X) – U.S. Steel Corp – most recent results coming in at an impressive 49.5% above expectations
U.S. Steel Corporation’s (X) record results signal stellar growth. The company’s strong cash flow enables it to hike dividends, which is what occurred in late July when U.S. Steel upped its dividend by 5 cents per share, declaring a 30-cent dividend. The company’s earnings...
23Sep2008 | Shawn | 0 comments | Continued(GTLS) – Chart Industries – In response to the new guidance range, covering analysts have raised third quarter and full year estimates
Chart Industries finds itself in a hot sector, as energy moves to the forefront of the American economic agenda. The company has surprised on estimates 4 quarters in a row by an average of 21.01%. Chart is trading at only 11.6x forward earnings.Company Description Chart Industries,...
23Sep2008 | Shawn | 0 comments | Continued(X) – U.S. Steel Corp – most recent results coming in at an impressive 49.5% above expectations
U.S. Steel Corporation’s (X) record results signal stellar growth. The company’s strong cash flow enables it to hike dividends, which is what occurred in late July when U.S. Steel upped its dividend by 5 cents per share, declaring a 30-cent dividend. The company’s earnings...
22Sep2008 | Shawn | 0 comments | Continued(GTLS) – Chart Industries – In response to the new guidance range, covering analysts have raised third quarter and full year estimates
Chart Industries finds itself in a hot sector, as energy moves to the forefront of the American economic agenda. The company has surprised on estimates 4 quarters in a row by an average of 21.01%. Chart is trading at only 11.6x forward earnings.Company Description Chart Industries,...
19Sep2008 | Shawn | 0 comments | Continued(GTLS) – Chart Industries – In response to the new guidance range, covering analysts have raised third quarter and full year estimates
Chart Industries finds itself in a hot sector, as energy moves to the forefront of the American economic agenda. The company has surprised on estimates 4 quarters in a row by an average of 21.01%. Chart is trading at only 11.6x forward earnings.Company Description Chart Industries,...
17Sep2008 | Shawn | 0 comments | Continued(GTLS) – Chart Industries – In response to the new guidance range, covering analysts have raised third quarter and full year estimates
Chart Industries finds itself in a hot sector, as energy moves to the forefront of the American economic agenda. The company has surprised on estimates 4 quarters in a row by an average of 21.01%. Chart is trading at only 11.6x forward earnings.Company Description Chart Industries,...
12Sep2008 | Shawn | 0 comments | Continued