$NEU (NewMarket Corporation)

$NEU {{ '2016-02-19T19:07:11+0000' | timeago}} • SEC

In 2015, NEU generated cash from operating activities of $268MM. $NEU used the $268MM cash generated from operations, as well as $131MM of borrowings on its revolving credit agreement and $10MM cash-on-hand, to repurchase $195MM of common stock, fund $126MM of Capex, and fund $71MM in dividend payments.

$VSM {{ '2017-07-12T20:01:11+0000' | timeago}} • Announcement

$VSM has agreed to acquire formulated cleaning solutions supplier Dynaloy, LLC from $EMN for approx. $13MM. The transaction is expected to close during 4Q17. It will be funded from cash on hand and is expected to be accretive to earnings in the first full year of operation.

$ZEUS {{ '2017-06-30T13:49:44+0000' | timeago}} • Announcement

Steel manufacturer $ZEUS said its Chief Information Office Esther Potash has retired, after serving the company for 19 years. Olympic Steel promoted Chris Garrett to the post of VP, IT – Flat Rolled, effective July 1. Garrett will be assuming Potash's former IT responsibilities.

$BCPC {{ '2017-06-02T15:27:11+0000' | timeago}} • Announcement

Chemicals company $BCPC said it acquired Innovative Food Processors (IFP), a domestic manufacturer of high performance powders and encapsulates headquartered in Faribault, Minnesota. IFP will be integrated into Balchem’s Human Nutrition and Health business segment. The financial details of transaction are not known.

$RGLD {{ '2017-05-31T17:49:37+0000' | timeago}} • Announcement

$RGLD declared its third quarter dividend of $0.24 per share of common stock. The dividend is payable on July 21, 2017, to shareholders of record at the close of business on July 7, 2017.

$REX {{ '2017-05-24T15:33:37+0000' | timeago}} • Webcast

$REX stated that on the capital spending budget for FY17, it expects $10-15MM for each location, which is around $20-30MM for the two locations combined. The company added that this will lead to a production of close to 150MM gallon at each location.

$REX {{ '2017-05-24T11:24:39+0000' | timeago}} • Announcement

$REX's equity in income of unconsolidated ethanol affiliates in 1Q17 increased to $0.7MM from $0.2MM last year. This was primarily as a result of the more favorable ethanol crush spread margins. As a result, income from continuing operations before income taxes and non-controlling interests grew 60.7% to $8MM.

$REX {{ '2017-05-24T11:24:26+0000' | timeago}} • Announcement

$REX reported a rise in 1Q17 earnings driven by its interests in 6 ethanol production facilities. Net income rose to $4.54MM or $0.69 per share from $2.84MM or $0.43 per share last year. Net sales grew to $113.14MM from $100.22MM, on 9.1% rise in average sales price per gallon of ethanol as well as its initiatives to lift plant-level production.

$EMN {{ '2017-05-17T20:34:27+0000' | timeago}} • Announcement

$EMN partnered with Phoenix Venture Partners LLC (PVP) via an investment in its officially closed new venture capital fund, PVP II LP. The investment increases $EMN's external innovation reach beyond academic alliances into the start-up venture sector. Terms of the transaction were not disclosed.

$RGLD {{ '2017-05-11T17:17:06+0000' | timeago}} • Webcast

$RGLD said it is comfortable with its debt level right now, with just under two times net debt to EBITDA. On event of acquisition, the company is comfortable going up to about three times net debt to EBITDA on short-term basis. During 1Q17, the company paid down $45MM of debt.

$RGLD {{ '2017-05-11T12:40:22+0000' | timeago}} • Announcement

Precious metals company $RGLD reported 3Q17 net income of $23.6MM, or $0.36 per share, compared to net loss of $69.5MM, or $1.04 per share during 3Q16. Revenue during the quarter rose 14% YoY to $107MM, from $93.5MM during 3Q16.

$EMN {{ '2017-05-04T16:40:40+0000' | timeago}} • Announcement

The board of directors of $EMN declared a quarterly cash dividend of $0.51 per share. The dividend is payable July 5, 2017, to stockholders of record as of June 15, 2017.

$PATK {{ '2017-05-01T15:23:34+0000' | timeago}} • Announcement

$PATK completed the acquisition of Leisure Product Enterprises (LPE).  The aggregate purchase price for LPE was approx. $73.5MM, and the company expects the acquisition to be immediately accretive to net income per share. $PATK expects to incur one-time transaction-specific pretax charges of $0.3MM or $0.01 per diluted share after tax in 2Q17.

$ZEUS {{ '2017-04-28T18:43:52+0000' | timeago}} • Announcement

In 1Q17, $ZEUS board also approved a regular cash dividend of $0.02 per share, on June 15, 2017 to shareholders of record on June 1, 2017.  “Shipping volume of specialty metals increased 17% versus the first quarter last year, and we earned record market share in nearly all of the products we sell,” said CEO Michael D. Siegal.

$ZEUS {{ '2017-04-28T18:41:29+0000' | timeago}} • Announcement

$ZEUS net sales soared 30% to $334.9MM in 1Q17, as it turned to profit to a net income of $7.7MM from last year's loss of $0.8MM. Earnings were $0.68 per diluted share, from a loss per share of $0.07, helped by higher shipping volumes and average selling prices in all products.

$EMN {{ '2017-04-28T14:44:18+0000' | timeago}} • Webcast

$EMN said that on the $100MM productivity program in 2017, the company's cost actions are on track to deliver about $100MM of cost reduction YoY. These actions include labor side optimization, energy efficiency etc. Therefore, about 75% of the cost reductions are going to be in the manufacturing supply chain cost area.

$EMN {{ '2017-04-28T14:34:39+0000' | timeago}} • Webcast

$EMN stated that with respect to returns on capital, the company expects to deliver total 15% return on invested capital in most of the large scale capital investments. $EMN added that in the past it has done that and expects to continue this going forward.

$EMN {{ '2017-04-28T11:36:41+0000' | timeago}} • Announcement

For FY17, $EMN expects its innovative, high margin products to continue to drive growth in an uncertain global business environment. Aggressive cost management and disciplined capital allocation are also expected to continue contributing to earnings growth. The company remains confident in delivering adjusted EPS growth in 2017 of between 8-12%.

$EMN {{ '2017-04-28T11:33:48+0000' | timeago}} • Announcement

$EMN reported an increase in sales in its Additives & Functional Products, Advanced Materials, and Chemical Intermediates segments for 1Q17, while Fibers segment sales fell due to lower sales volume and lower selling prices. Higher sales in the three segments were helped by higher sales volume, improved product mix and higher selling prices.

$EMN {{ '2017-04-28T11:26:36+0000' | timeago}} • Announcement

Specialty chemical company $EMN reported higher 1Q17 earnings, driven by volume growth in its specialty businesses and increased overall sales. Net income jumped 10.75% to $278MM or $1.89 per share from $251MM or $1.69 per share a year ago. Sales increased 2.99% to $2.30Bil from $2.23Bil in 1Q16. Excluding items, $EMN earned $1.83 per share.

$REX {{ '2017-03-24T18:54:51+0000' | timeago}} • Webcast

$REX said the growth rate for 1Q17 earnings at this point of time is better than they were in last year's corresponding quarter. The company has started new capital investment project to increase ethanol production at both of its consolidated locations. It has planned to spend about $20-30MM for 2017, with $10-15MM to each plant.

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