By PR Newswire, October 21, 2013, 08:00:00 AM EDT
NEW YORK, October 21, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Allegheny Technologies Inc. (NYSE:ATI), Reliance Steel & Aluminum Co. (NYSE:RS), Chart Industries Inc. (NASDAQ:GTLS), Carpenter Technology Corp. (NYSE:CRS), and Worthington Industries, Inc. (NYSE:WOR). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Allegheny Technologies Inc. Research Report
On October 14, 2013, Allegheny Technologies Inc. ( ATI ) announced the restructuring of its Engineered Products segment and its outlook on Q3 2013 business conditions. The Company informed that it has integrated its precision titanium and specialty alloy flat-rolled finishing business into ATI Allegheny Ludlum's specialty plate business to improve operating efficiencies and reduce costs. ATI further stated that it has closed the fabricated components business and intends to divest its iron casting business. Commenting on the restructuring, Rich Harshman, ATI's Chairman, President, and CEO, stated, "These strategic actions are designed to position ATI for improved financial performance in 2014 and beyond, simplify capital allocation decisions, and enhance our focus on ATI's strategic businesses." ATI also stated that it expects its Q3 2013 sales of approximately $970 million and total segment operating profit in the range of $25 million to $30 million, after excluding discontinued operations. The Full Research Report on Allegheny Technologies Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/c967_ATI]
Reliance Steel & Aluminum Co. Research Report
On October 10, 2013, Reliance Steel & Aluminum Co. (Reliance Steel) announced that it will report its Q3 2013 financial results on Thursday, October 24, 2013 at 8:50 a.m. ET. Reliance Steel informed that the Company's management will host a conference call on the same day at 11:00 a.m. ET, which will be broadcast live over the Internet on the Investor Information section of the Company's website. Also, the webcast will be available on the same location for 90 days following the conclusion of the call. The Full Research Report on Reliance Steel & Aluminum Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/08ee_RS]
Chart Industries Inc. Research Report
On October 15, 2013, Chart Industries, Inc. (Chart Industries) announced that it will issue its earnings release on October 31, 2013, following which it will host a conference call at 10:30 a.m. ET to discuss its Q3 2013 financial results. Chart Industries informed that Sam Thomas, Chairman, President and CEO, and Michael Biehl, Executive Vice President, CFO and Treasurer will participate in the call, which will be broadcast live over the Internet, and can be accessed through the Company's website. The Company further stated that a replay of the webcast will be archived on its website, approximately one hour after the call ends. The Full Research Report on Chart Industries Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/4c7e_GTLS]
Carpenter Technology Corp. Research Report
On October 1, 2013, Carpenter Technology Corp. (Carpenter) announced that through its Pratt & Whitney Division, it has reached a multi-level agreement with United Technologies Corp. (UTC), which includes licensing technology associated with the production of superalloy powders and a long-term supply agreement. Carpenter stated that it also plans to build a superalloy powder facility which is expected to take approximately 18 months to construct at an estimated cost of $20 million, and once the facility is qualified by Pratt & Whitney, Carpenter will supply Pratt & Whitney with superalloy powder for up to 20 years. Commenting on the agreement, William A. Wulfsohn, Carpenter's President and CEO, stated, "We are pleased with UTC's agreement that will expand our supply position. This agreement, which could potentially yield in excess of $600 million in sales over the term of the agreement, reinforces our belief that the investment we are making to expand capacity with our Athens Operations (Alabama) is needed and will lead to increased customer sales." The Full Research Report on Carpenter Technology Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/025c_CRS]
Worthington Industries, Inc. Research Report
On October 1, 2013, Worthington Industries, Inc. (Worthington) announced that it has reached an agreement in principle to participate in a joint venture near Shanghai, China for production of cold rolled strip steel mainly for the automotive industry. The Company informed that it will partner with Japanese companies Nisshin Steel Co., Ltd. (Nisshin) and Marubeni-Itochu Steel Inc. (MISI) in the venture which will be named Zhejiang Nisshin Worthington Precision Specialty Steel Co., Ltd. Worthington stated that it will own a 10% stake in the joint venture with the option to increase ownership, while Nisshin and MISI will own 55% and 35% respectively. The Company said that the formal agreement is anticipated to be signed by the latter part of October 2013. The Full Research Report on Worthington Industries, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/81dd_WOR]
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