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Worthington Industries profit falls sharply

2015-09-24 00:48:33| Steel - Topix.net

The Ohio-based company reported a profit of $34.4 million, or 48 cents a share, compared with $48.8 million, or 63 cents a share, a year earlier. Worthington recorded $6.1 million, or six cents a share, in restructuring charges in the latest period, including $4.9 million tied to the pending closure of an Engineered Cabs facility in Florence, S.C. Analysts surveyed by Thomson Reuters had projected a profit of 51 cents a share on $844.96 million in revenue.

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Why These Analysts Believe Robotic Automation Could Save Footwear, Apparel Industries

2015-09-23 21:54:22| Footwear - Topix.net

Annual wage hikes of 10-15 percent have pushed manufacturers out of China and into other cheaper labor countries like Vietnam. Macquarie Capital analysts noted that labor costs in Vietnam are growing at an "unsustainable" double-digit rate as their middle classes emerge.

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Why These Analysts Believe Robotic Automation Could Save Footwear, Apparel Industries

2015-09-23 21:42:46| Apparel - Topix.net

Annual wage hikes of 10-15 percent have pushed manufacturers out of China and into other cheaper labor countries like Vietnam. Macquarie Capital analysts noted that labor costs in Vietnam are growing at an "unsustainable" double-digit rate as their middle classes emerge.

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Valmont Industries Hits New 1-Year Low at $100.20

2015-09-23 02:14:51| Industrial Machines - Topix.net

Valmont Industries hit a new 52-week low during trading on Tuesday , Analyst Ratings.Net reports. The stock traded as low as $100.20 and last traded at $100.38, with a volume of 48,434 shares.

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Astec Industries Given Consensus Rating of "Buy" by Brokerages

2015-09-22 20:05:30| Industrial Machines - Topix.net

Astec Industries has received a consensus rating of "Buy" from the six research firms that are currently covering the stock, AnalystRatings.NET reports . One research analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company.

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