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Olympic Steel Reports 2014 Third-Quarter and Nine-Month Results
2014-11-06 12:26:11| Steel - Topix.net
Olympic Steel, Inc. , a national metals service center, today announced financial results for the third quarter and nine months ended Sept. 30, 2014.
Tags: results
reports
steel
olympic
5 Things: U.S. Steel down, EDMC up on stock market
2014-11-05 15:45:06| Steel - Topix.net
Here are five things to know for Wednesday, Nov. 5, 2014: U.S. Steel down, EDMC up on stock market On Tuesday, United States Steel Corp. dropped 6.5 percent in trading on the New York Stock Exchange, while Education Management Corp. rose 19.2 percent on Nasdaq.
Tags: things
market
stock
steel
Steel Dynamics Inc. reports growth in net income for 3Q 2014
2014-11-04 22:58:09| Steel - Topix.net
Steel Dynamics Inc. , headquartered in Fort Wayne, Indian, has announced third quarter 2014 net sales of $2.3 billion and net income of $91 million, or 38 cents per diluted share, which includes the negative impact of approximately 9 cents per diluted share related to acquisition costs, financing fees and the effect of purchase accounting adjustments for its Severstal Columbus LLC acquisition in mid-September. Excluding these charges, the company's third quarter 2014 earnings would have been 47 cents per diluted share.
Tags: net
reports
growth
income
AK Steel (AKS) Stock Lower Today After Third Quarter Earnings Results
2014-11-04 18:44:13| Steel - Topix.net
The Ohio-based steel company reported net sales for the third quarter of $1.59 billion on shipments of 1,462,900 tons, compared to net sales of $1.33 billion on shipments of 1,242,400 tons for the year-ago third quarter. Analysts forecast 9 cents of earnings per share and revenue of $1.49 billion, according to the average of analyst estimates compiled by Yahoo Finance .
Tags: results
today
stock
lower
U.S. Steel: Beware Peak Earnings
2014-11-03 22:02:31| Steel - Topix.net
Using U.S. Steel's C4Q14 guidance, we likely saw peak earnings in C3Q14 ; this is only exacerbated by a number of instances in which global price arbitrage "freebies" in the metals space have effectively been closed While many of our peers seem to think, for some strange reason, U.S. HRC prices have magically decoupled from global prices, we simply do not buy this thesis, & rather believe, when looking at the data, the reversal of this dynamic is already underway. What do we mean? Well, while it got little fanfare, Sep. '14 MSCI service center inventories hit a 5yr-high when reported 10/23, & HRC inventories at the service centers are now at 5yr-highs as well .
Tags: steel
peak
earnings
beware
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