Financial Reports - A Look Ahead: Complementary Research on Louisiana-Pacific, LSB Industries, Luxfer Holdings, LyondellBasell and Martin Marietta
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, December 26, 2014 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Louisiana-Pacific (NYSE: LPX), LSB Industries (NYSE: LXU), Luxfer Holdings (NYSE: LXFR), LyondellBasell (NYSE: LYB), and Martin Marietta (NYSE: MLM). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
LPX Research Report: ( http://get.analystsreview.com/pdf/?c=Louisiana-Pacific&d=26-Dec-2014&s=LPX ),
LXU Research Report: ( http://get.analystsreview.com/pdf/?c=LSB%20Industries&d=26-Dec-2014&s=LXU ),
LXFR Research Report: ( http://get.analystsreview.com/pdf/?c=Luxfer%20Holdings&d=26-Dec-2014&s=LXFR ),
LYB Research Report: ( http://get.analystsreview.com/pdf/?c=LyondellBasell&d=26-Dec-2014&s=LYB ),
MLM Research Report: ( http://get.analystsreview.com/pdf/?c=Martin%20Marietta&d=26-Dec-2014&s=MLM ).
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Analyst Update: Quarterly Results, Unplanned Maintenance, and Senior Level Appointments
Reviewed by: Rohit Tuli, CFA®
The U.S. markets on Wednesday ended mostly higher as a steeper-than-expected drop in the weekly jobless claims kept the investors' mood positive. The number of people who applied for U.S. unemployment-insurance benefits declined by 9,000 to 280,000 in the week ended December 20, 2014, a seven-week low and only modestly above a 14-year low. During the session, the Dow Jones Industrial Average gained 0.03%, S&P 500 declined 0.01%, and the Nasdaq Composite advanced 0.17%. The European market ended the session on a mixed note as data of British workers' productivity highlighted a long-awaited improvement in the third quarter of this year, highlighting how Britain has managed to avoid the worst of the economic slump afflicting the euro zone. The Asian markets too ended mixed following a sharp run-up in recent days as strong U.S. data propelled Wall Street stocks to record highs. The investors are also keeping a close watch on the Japanese government's effort to support the still-fragile economic recovery in the near term.
Louisiana-Pacific Corporation (Louisiana-Pacific) reported year on year growth in top line during the third quarter of 2014. However, it ended up in losses for the quarter, compared to profits in same quarter previous year. The Company's financial results continue to be impacted by weak OSB pricing.
A chemical plant in Cherokee, Alabama, owned by LSB Industries, Inc. (LSB Industries) was taken out of service in late November 2014 for unplanned maintenance. The Company expects no production at the facility for approximately 30 days as a result of necessary repairs, and expects service resumption by the end of the year. Further, the Company announced revised outlook for Q4 2014 UAN volume sales.
Luxfer Holdings PLC (Luxfer Holdings) reported a decline in bottom line for the third quarter of 2014 despite a slight year on year growth in revenues. The third quarter 2014 results also include a benefit of $6.5 million from Truetech and Innotech Products' acquisition in July 2014. Additionally, the Company anticipates improved sales from its Gas Cylinders Division's important SCBA market in Q4 2014.
LyondellBasell Industries NV's (LyondellBasell) Supervisory Board appointed Bhavesh V. "Bob" Patel as the CEO of the Company, effective January 12, 2015. Patel succeeds James L. Gallogly, who previously announced his plan to retire from the Company.
Martin Marietta Materials, Inc.'s (Martin Marietta) reported significant improvement in its third quarter 2014 top line, which includes a contribution of $274 million from the acquisition of Texas Industries, Inc. (TXI). However, the bottom line for the quarter declined 25.2% YoY. For 2014, the Company expects Heritage aggregates product line shipments to increase by 6% to 8% compared with 2013 levels.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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