Leadership Appointments, Annual Report Filings, Facility Expansions, Financial Results, and Acquisitions - Analyst Notes on ATI, Tenaris, Chart, Schnitzer, and Worthington
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NEW YORK, April 8, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Allegheny Technologies Inc. (NYSE: ATI), Tenaris S.A. (NYSE: TS), Chart Industries Inc. (NASDAQ: GTLS), Schnitzer Steel Industries Inc. (NASDAQ: SCHN), and Worthington Industries, Inc. (NYSE: WOR). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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Allegheny Technologies Inc. Analyst Notes
On March 31, 2014, Allegheny Technologies Inc. (ATI) announced the appointment of John S Minich as the President of ATI Forged Products business unit and Robert S. Wetherbee as President of ATI Flat Rolled Products business unit, effective on April 1, 2014. According to ATI, in their respective new roles, John S. Minich will reports to John D. Sims, Executive Vice President, ATI High Performance Components Group, while Mr. Wetherbee will report to Terry L. Dunlap, Executive Vice President, ATI Flat Rolled Products Group. The full analyst notes on Allegheny Technologies Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04082014/ATI /report.pdf
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Tenaris S.A. Analyst Notes
On March 31, 2014, Tenaris S.A. (Tenaris) announced the filing of its annual report for 2013 with the Luxembourg Stock Exchange, along with the submission of such report to the other securities regulators of the markets where its securities are listed. The Company also announced that it will hold its Annual General Meeting of Shareholders on May 7, 2014, at 9:30 a.m. (Luxembourg time), at its registered office at Luxembourg. The Company informed that interested parties can download the annual report from the Luxembourg Stock Exchange's website. The full analyst notes on Tenaris S.A. are available to download free of charge at:
http://www.AnalystsReview.com/04082014/TS/report.pdf
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Chart Industries Inc. Analyst Notes
On March 28, 2014, Chart Industries Inc. (Chart Industries) reported the expansion of its brazed aluminum heat exchanger manufacturing plant in La Crosse, Wisconsin. According to the Company, the project worth $50 million increases the manufacturing capacity for Chart's proprietary heat exchangers by 40%, doubles the engineering space and includes an additional vacuum brazing furnace. "The capacity expansion is an integral part of Chart's overall growth strategy and is good news for our global customer base and the local community," commented Mike Durkin, President of Chart Energy & Chemicals. "It furthers our ability to support our customers with market leading delivery schedules, and creates jobs for semi-skilled, skilled and graduate personnel." The full analyst notes on Chart Industries Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04082014/GTLS/report.pdf
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Schnitzer Steel Industries Inc. Analyst Notes
On April 3, 2014, Schnitzer Steel Industries, Inc. (Schnitzer) reported its Q2 FY 2014 financial results (period ended February 28, 2014). The Company reported revenues of $626.1 million, down 5.4% YoY. Net income attributable to the Company was $1.8 million in Q2 FY 2014, compared to a net loss attributable to the Company of $6.2 million in Q2 FY 2013. "We are pleased to see the benefits of our productivity improvement and cost reduction programs reflected in our second quarter results," said Tamara Lundgren, President and CEO of Schnitzer. "Through our overall business performance and our disciplined focus on working capital management, we delivered another quarter of positive operating cash flow." The full analyst notes on Schnitzer Steel Industries Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04082014/SCHN/report.pdf
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Worthington Industries, Inc. Analyst Notes
On March 28, 2014, Worthington Industries, Inc. (Worthington) announced that it has reached a definitive agreement to acquire Steffes Corporation's tank manufacturing division. According to Worthington, Steffes manufactures oilfield storage tanks for customers drilling in the Bakken shale and Williston Basin region. "This acquisition complements our strategy to grow the energy business by adding to our geographical reach, so we can serve customers in the east, central and now the important northwest region of the U.S.," said Andrew Billman, President of the Worthington Industries cylinder business. "The Bakken is one of the most oil rich areas in the country with significant drilling taking place. We anticipate adding capacity to the operations and strengthening our energy platform with this acquisition." The full analyst notes on Worthington Industries, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04082014/WOR/report.pdf
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