Stock Blog Hub » Metal Fabrication

(PCP) Precision Castparts Quarterly Numbers Beat Estimates

vitalstocks — Sun, 07 Nov 2010 20:19:58 +0000

Precision Castparts Corp. (PCP) released its second quarter fiscal 2011 earnings results before the market opened today, reporting earnings from continuing operations of $1.70. The earnings reported by the company surpassed its year-ago quarter figure of $1.54 and the Zacks Consensus Estimate of $1.68. The company benefited from strong sales growth in aerospace and general [...]

(PCP) Precision Castparts Quarterly Numbers Beat Estimates

(X) United States Steel Corporation Analyst Reiterates Neutral Rating

vitalstocks — Fri, 15 Oct 2010 17:57:37 +0000

We reiterate our Neutral recommendation on United States Steel Corporation (X), the fifth largest steel producer worldwide. U.S. Steel’s operating results have started reflecting the benefits of the gradual economic recovery in North America and Europe. The company’s raw steel capability utilization rate in the first half of 2010 was 78% for the North American operations [...]

(X) United States Steel Corporation Analyst Reiterates Neutral Rating

(VMI) Valmont Industries Incorporated – Bear of the Day

vitalstocks — Mon, 30 Aug 2010 14:49:36 +0000

We are downgrading Valmont Industries (VMI) to Underperform from Neutral and are also reducing our target price to $63.00 from $91.00 due to the company’s muted second quarter 2010 profitability and poor topline growth. Valmont fell short of the Zacks Consensus Estimate by 39 cents. Results were hurt by a subdued performance in the Utility [...]

(VMI) Valmont Industries Incorporated – Bear of the Day

(X) U.S. Steel Earnings Report Falls Far Short

vitalstocks — Mon, 02 Aug 2010 21:58:51 +0000

The leading steel manufacturer in the U.S. and the fifth largest in the world, United States Steel Corp. (X), delivered adjusted earnings per share (EPS) of 45 cents in its second quarter ended June 30, 2010, which fell short of the Zacks Consensus Estimate of 63 cents. EPS in the quarter was in stark contrast [...]

(X) U.S. Steel Earnings Report Falls Far Short

(PCP) Precision Castpart’s Quarterly Report Underperforms The Street

vitalstocks — Fri, 07 May 2010 16:58:37 +0000

Precision Castparts Corp. (PCP) reported earnings per share from continuing operations of $1.66 for the fourth quarter of 2010, below the Zacks Consensus Estimate of $1.71. In the fourth quarter, sales for Precision Castparts Corp. totaled $1.4 billion, versus sales of $1.6 billion in the same quarter a year ago. Segment Details Investment Cast Products: [...]

(PCP) Precision Castpart’s Quarterly Report Underperforms The Street

(VMI) Valmont Industries Guides Earnings Lower

vitalstocks — Thu, 08 Apr 2010 00:31:52 +0000

Valmont Industries Inc. (VMI), a U.S. manufacturer of lighting poles and support structures, is expecting a 20% year-over-year decline in revenues in the first quarter of 2010. The company is expecting revenues of about $365.0 million in the quarter compared with last year’s $455.2 million. A subdued performance in the Irrigation and Utility segments are [...]

(VMI) Valmont Industries Guides Earnings Lower

(X) United States Steel Corporation Issues Debt – Maintains BB+ Rating

vitalstocks — Thu, 18 Mar 2010 18:30:42 +0000

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 the economy. The company plans to use the proceeds from the notes due 2020 [...]

(X) United States Steel Corporation Issues Debt – Maintains BB+ Rating

(VMI) Valmont Industries May Be Downgraded By Standard & Poor’s Ratings Services

vitalstocks — Tue, 09 Mar 2010 00:34:55 +0000

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 Plc. for £284.5 million ($429.1 million) in cash. The offer represents a premium [...]

(VMI) Valmont Industries May Be Downgraded By Standard & Poor’s Ratings Services

(VMI) Valmont Industries to Acquire Delta Plc

vitalstocks — Fri, 05 Mar 2010 18:57:55 +0000

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, 2009. Valmont stated that the offer price was determined on the [...]

(VMI) Valmont Industries to Acquire Delta Plc

(RS) Reliance Steel & Aluminum Company – Expected Earnings Growth of 96.34%

vitalstocks — Wed, 10 Feb 2010 20:45:26 +0000

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 200 locations in 38 states, and several countries including Mexico, China, South Korea and Canada. [...]

(RS) Reliance Steel & Aluminum Company – Expected Earnings Growth of 96.34%

(X) U.S. Steel Corporation’s Ratings Lowered by Fitch Ratings Agency

vitalstocks — Thu, 28 Jan 2010 21:21:15 +0000

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 notes rating to “BB+” from “BBB-”, one step below the investment grade. Fitch [...]

(X) U.S. Steel Corporation’s Ratings Lowered by Fitch Ratings Agency

(X) United States Steel Corporation Underperforms Expectations

vitalstocks — Tue, 26 Jan 2010 22:43:35 +0000

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 the corresponding quarter of the previous [...]

(X) United States Steel Corporation Underperforms Expectations

(X) Steel Output Rises Again

vitalstocks — Sat, 02 Jan 2010 02:27:35 +0000

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 since September 2008. Total crude steel production in the 66 reporting countries [...]

(X) Steel Output Rises Again

(X) World Steel Association Reports Steady Increase in Steel Output

vitalstocks — Mon, 07 Dec 2009 19:30:07 +0000

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 is the second month in a row of positive growth rate since September [...]

(X) World Steel Association Reports Steady Increase in Steel Output

(RS) Reliance Steel & Aluminum Steel Posts Profits

vitalstocks — Wed, 28 Oct 2009 03:38:35 +0000

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 of 8 cents. However, earnings were down 72% [...]

(RS) Reliance Steel & Aluminum Steel Posts Profits

(X) Losses Narrow for US Steel

vitalstocks — Wed, 28 Oct 2009 03:34:08 +0000

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, losses narrowed sequentially and were lower [...]

(X) Losses Narrow for US Steel

(X) Steel Output Mounting

vitalstocks — Wed, 28 Oct 2009 03:32:31 +0000

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 tons. World crude steel production has continued to show a steady [...]

(X) Steel Output Mounting

(PCP) Precision Castparts Posts Weak Numbers

vitalstocks — Wed, 21 Oct 2009 23:45:18 +0000

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 of approximately $29 million, lower material pass-through of approximately $37 million, and lower selling [...]

(PCP) Precision Castparts Posts Weak Numbers

(X) United States Steel Corporation Divests Interest in Wabush Mines

vitalstocks — Tue, 13 Oct 2009 19:44:11 +0000

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, Consolidated Thompson Iron Mines Ltd., for $120 million. Wabush Mines owns and operates [...]

(X) United States Steel Corporation Divests Interest in Wabush Mines

(PCP) Precision Castparts Corporation Closes Deals

vitalstocks — Wed, 07 Oct 2009 19:30:10 +0000

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 for utilization primarily in aircraft engine (80%) and gas turbine (20%) applications. Precision Castparts has also [...]

(PCP) Precision Castparts Corporation Closes Deals

(RS) Reliance Steel & Aluminum Company Updates Outlook

vitalstocks — Tue, 06 Oct 2009 18:42:27 +0000

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 previous range provided). The guidance reflects improving [...]

(RS) Reliance Steel & Aluminum Company Updates Outlook

(X) Steel Output Peaks in July

vitalstocks — Tue, 01 Sep 2009 21:33:35 +0000

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 tons produced in the last month, but down [...]

(X) Steel Output Peaks in July

(X) United States Steel Restarting Facility

vitalstocks — Mon, 31 Aug 2009 21:18:48 +0000

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 going forward. The largest steel producer in the U.S. expects [...]

(X) United States Steel Restarting Facility

(X) United States Steel Corp. Steelworkers Support Bid for Lakeside Steel

vitalstocks — Fri, 28 Aug 2009 23:01:08 +0000

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 the Ontario assets when it bought Stelco Inc. for about $1.1 [...]

(X) United States Steel Corp. Steelworkers Support Bid for Lakeside Steel

(PCP) Precision Castparts Carlton Forge Works for $850 million

vitalstocks — Fri, 28 Aug 2009 00:09:52 +0000

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 is a key supplier for Boeing 787 and Airbus XWB. Precision Castparts will also acquire Arcturus [...]

(PCP) Precision Castparts Carlton Forge Works for $850 million

(X) Stock Market News for August 27, 2009

vitalstocks — Thu, 27 Aug 2009 19:15:53 +0000

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 rally that has catapulted major indexes to multi-month highs. Yesterday, fifteen of the thirty [...]

(X) Stock Market News for August 27, 2009

(GTLS) Chart Industries, Inc. – Value – Zacks Rank Buy

Shawn — Mon, 20 Jul 2009 13:56:00 +0000

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 and post revenue growth. In April, the company surprised for the 7th consecutive quarter by [...]

(GTLS) Chart Industries, Inc. – Value – Zacks Rank Buy

(LDSH) Ladish Company – increasing its worldwide market share of rotating engine components – recurring revenues

Shawn — Wed, 12 Nov 2008 15:57:09 +0000

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 manufactures advanced metal components for the aerospace [...]

(LDSH) Ladish Company – increasing its worldwide market share of rotating engine components – recurring revenues

(X) – U.S. Steel Corp – most recent results coming in at an impressive 49.5% above expectations

Shawn — Thu, 02 Oct 2008 12:00:44 +0000

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 per share are expected to grow by 14% over the next [...]

(X) – U.S. Steel Corp – most recent results coming in at an impressive 49.5% above expectations

Shawn — Fri, 26 Sep 2008 13:01:04 +0000

(X) – U.S. Steel Corp – most recent results coming in at an impressive 49.5% above expectations

Shawn — Tue, 23 Sep 2008 15:40:31 +0000

(X) – U.S. Steel Corp – most recent results coming in at an impressive 49.5% above expectations

(GTLS) – Chart Industries – In response to the new guidance range, covering analysts have raised third quarter and full year estimates

Shawn — Tue, 23 Sep 2008 11:20:35 +0000

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, Inc. (GTLS) manufactures equipment used in the production, storage [...]

(GTLS) – Chart Industries – In response to the new guidance range, covering analysts have raised third quarter and full year estimates

(X) – U.S. Steel Corp – most recent results coming in at an impressive 49.5% above expectations

Shawn — Tue, 23 Sep 2008 02:40:29 +0000

(X) – U.S. Steel Corp – most recent results coming in at an impressive 49.5% above expectations

(GTLS) – Chart Industries – In response to the new guidance range, covering analysts have raised third quarter and full year estimates

Shawn — Fri, 19 Sep 2008 12:00:55 +0000

(GTLS) – Chart Industries – In response to the new guidance range, covering analysts have raised third quarter and full year estimates

Shawn — Wed, 17 Sep 2008 12:21:02 +0000

(GTLS) – Chart Industries – In response to the new guidance range, covering analysts have raised third quarter and full year estimates

Shawn — Sat, 13 Sep 2008 04:20:02 +0000

(GTLS) – Chart Industries – In response to the new guidance range, covering analysts have raised third quarter and full year estimates

(VMI) – Valmont Industries – Acquisitions are Paying Off

Shawn — Wed, 20 Aug 2008 15:20:09 +0000

Valmont Industries, (VMI) is coming off of a record-setting quarter for sales, net income, and operating income. A world-wide demand and excellent cost management have propelled the company to its record levels. The acquisitions from earlier this year are making significant contributions for the Zacks #1 rated stock.Company Description Valmont Industries, designs and manufactures a [...]

(VMI) – Valmont Industries – Acquisitions are Paying Off

(X) – United States Steel Corp – 4 out of 12 analysts upped earnings expectations

Shawn — Sun, 20 Jul 2008 17:34:11 +0000

United States Steel Corporation (X) is set to announce results for the second quarter on July 29. In addition to being rewarded with income, the most recent of which was a quarterly dividend of 25 cents per share, investors can expect growth from U.S. Steel as earnings per share are estimated to grow by 18% [...]

(X) – United States Steel Corp – 4 out of 12 analysts upped earnings expectations