$CRS (Carpenter Technology Corp.)

$CRS {{ '2016-09-14T12:33:28+0000' | timeago}} • Announcement

$CRS expects a reduction of $40-45MM in net pension expense for 2016 due to retirement plan changes. For FY17, the company now expects net pension expense to be approx. $39-44MM and expects to make a discretionary pension contribution of $100MM.

$WOR {{ '2017-07-25T20:52:54+0000' | timeago}} • Infographic

$WOR has priced its $200MM aggregate principal amount of senior notes due 2032. The notes bearing 4.3% interest are sold to the public at 99.901% of the principal amount. Worthington will use the proceeds from the offering mainly to repay loan and the amounts outstanding under its revolving trade accounts receivable securitization facility.

$ETN {{ '2017-07-25T18:54:59+0000' | timeago}} • Announcement

$ETN declared a quarterly dividend of $0.60 per ordinary share, payable August 18, 2017 to shareholders of record on August 4, 2017.

$WOR {{ '2017-07-25T15:08:35+0000' | timeago}} • Infographic

$WOR has decided to offer $200MM aggregate principal amount of senior notes due 2032. Worthington intends to use the net proceeds from the offering to repay outstanding borrowings and to repay amounts outstanding under its revolving trade accounts receivable securitization facility.  The remaining amount will be added to working capital.

$X {{ '2017-07-25T14:35:22+0000' | timeago}} • Announcement

$X elected Hon. Gene Sperling to its BoD. Sperling served as Director of the National Economic Council (NEC) and Assistant to the President for Economic Policy in the White House under President Clinton from 1997 to 2001 and under President Obama from 2011 to 2014.

$CR {{ '2017-07-25T13:21:51+0000' | timeago}} • Announcement

$CR's BoD declared regular 3Q17 dividend of $0.33 per share. The dividend is payable on Sept. 8, 2017 to shareholders of record as of the close of business on Aug. 31, 2017.

$HAYN {{ '2017-07-21T15:43:00+0000' | timeago}} • Announcement

Challenging market conditions and tough pricing environment have forced $HAYN to lower its revenue expectation for 3Q17 to be approx $97-98MM, and net loss to be between $3.9MM and $2MM. The continued weakness in the chemical processing market drove approx. $1.5MM in inventory valuation adjustments impacting profitability for the quarter.

$NUE {{ '2017-07-20T18:53:23+0000' | timeago}} • Webcast

$NUE said looking into 3Q17, pricing seems to be holding and improving in flat rolled products. The company is seeing stability in other businesses in terms of demand. A large number of bookings are also in place and factoring all these together, $NUE expects to see performance that is consistent with 1H17.

$NUE {{ '2017-07-20T18:35:31+0000' | timeago}} • Webcast

In 2Q17, $NUE invested approx. $176MM to build a hot band galvanizing and pickling line at its sheet mill in Ghent, Kentucky. The new galvanizing line will expand Nucor Steel Gallatin's product capabilities and should have an annual capacity of 500,000 tons. It is expected to take two years to construct the galvanizing line and begin operations.

$NUE {{ '2017-07-20T18:31:10+0000' | timeago}} • Webcast

$NUE stated that imports continue to negatively impact the US steel industry. Through 1H17, finished steel imports have increased about 15% compared to 1H16 and account for an estimated 27% share of the US market. The industry continues to pursue trade cases to combat unfairly traded imports.

$B {{ '2017-07-20T15:35:22+0000' | timeago}} • Announcement

$B has declared a quarterly cash dividend of $0.14 per share. The dividend will be payable on September 8, 2017, to shareholders of record as on August 24, 2017.

$NUE {{ '2017-07-20T14:49:50+0000' | timeago}} • Infographic

$NUE Nucor Corporation Earnings AlphaGraphic: Q2 2017 Highlights

$NUE {{ '2017-07-20T13:33:14+0000' | timeago}} • Announcement

$NUE expects 3Q17 earnings to be in a range similar to the quarterly results of 1H17. Non-residential construction indicators, such as the Dodge Momentum Index, suggest that construction activity will remain healthy through the end of 2017. $NUE is gaining ground in the automotive market and expects this trend to continue through 2017.

$NUE {{ '2017-07-20T13:30:26+0000' | timeago}} • Announcement

$NUE reported consolidated net earnings of $323MM or $1 per share for 2Q17 compared to $243.6MM or $0.76 per share for 2Q16. Consolidated net sales increased 22% to $5.17Bil from 2Q16. Average sales price per ton in 2Q17 increased 17% from 2Q16.

$STLD {{ '2017-07-19T22:47:22+0000' | timeago}} • Announcement

$STLD remains optimistic that macroeconomic and market conditions are in place to benefit domestic steel consumption in the coming years. The company also believes that North American automotive steel consumption will be steady and that there will be additional growth in the energy and construction sectors.

$STLD {{ '2017-07-19T22:40:19+0000' | timeago}} • Announcement

Steel producer and metal recycler $STLD reported higher 2Q17 earnings, driven by steady steel demand from the automotive sector and surge in revenue. Net income increased 7.73% to $152.94MM or $0.63 per share from $141.96MM or $0.58 per share a year ago. Revenue for the quarter jumped 18.12% to $2.39Bil.

$KAMN {{ '2017-07-17T14:22:49+0000' | timeago}} • Announcement

Kaman Distribution Group, the distribution segment of $KAMN, named Jeff Ames as VP, GM of its Automation platform, effective July 10, 2017. Prior to joining Kaman, Jeff served as GM at $ETN.

$ATU {{ '2017-07-14T21:19:08+0000' | timeago}} • Announcement

$ATU has approved a cash dividend on its common stock. The Board declared an annual dividend of $0.04 per common share payable on October 16, 2017 to shareholders of record on September 29, 2017.

$MSM {{ '2017-07-13T12:03:45+0000' | timeago}} • Webcast

$MSM expects 4Q17 gross margins to be 43.8%, plus or minus 20 basis points and sees a typical sequential decline in margins for 4Q17. The company expects midpoint operating expenses to be about $230MM and effective tax rate of 37.3%. Operating margin is now expected to be around 12.6% at the midpoint of forecast.

$MSM {{ '2017-07-13T11:58:52+0000' | timeago}} • Webcast

$MSM's capital expenditures were $12.4MM in 3Q17 and now expects its FY17 capital expenditures to be around $55-60MM. $MSM's operating cash flow conversion ratio and that’s net cash from operating activities divided by net income was around 99% in 3Q17 and it expects to end the fiscal year at roughly the same level.

$MSM {{ '2017-07-13T11:56:07+0000' | timeago}} • Webcast

$MSM added about 5,000 net SKUs in 3Q17 and total active salable SKU count is over 1.5MM. $MSM ended the quarter at 2,309 field sales and service associates. The company expects a slight decline over the following few months. And $MSM expects this trend to continue as its sales effectiveness programs gain traction.

Recent Transcripts

NUE (Nucor Corporation)
Thursday, July 20 2017 - 6:00pm
STLD (Steel Dynamics Inc.)
Thursday, July 20 2017 - 2:00pm
MSM (MSC Industrial Direct Co. Inc.)
Wednesday, July 12 2017 - 12:30pm
WOR (Worthington Industries, Inc.)
Thursday, June 29 2017 - 2:30pm
ATU (Actuant Corporation)
Wednesday, June 21 2017 - 3:00pm
DCI (Donaldson Company, Inc.)
Thursday, June 1 2017 - 2:00pm
SAND (Sandstorm Gold Ltd.)
Tuesday, May 9 2017 - 3:30pm
HAYN (Haynes International, Inc.)
Friday, May 5 2017 - 1:00pm
TGB (Taseko Mines Ltd.)
Thursday, May 4 2017 - 3:00pm
TWI (Titan International Inc.)
Thursday, May 4 2017 - 1:00pm
RIC (Richmont Mines Inc.)
Thursday, May 4 2017 - 12:30pm
MLM (Martin Marietta Materials, Inc.)
Tuesday, May 2 2017 - 3:00pm
ETN (Eaton Corporation plc)
Tuesday, May 2 2017 - 3:00pm
AME (Ametek Inc.)
Tuesday, May 2 2017 - 12:30pm
TS (Tenaris S.A.)
Friday, April 28 2017 - 2:00pm
B (Barnes Group Inc.)
Friday, April 28 2017 - 12:30pm
CRS (Carpenter Technology Corp.)
Thursday, April 27 2017 - 2:00pm
TX (Ternium S.A.)
Wednesday, April 26 2017 - 1:00pm
X (United States Steel Corp.)
Wednesday, April 26 2017 - 12:30pm
CR (Crane Co.)
Tuesday, April 25 2017 - 2:00pm

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