Quarterly Performance Analysis: Featured Research on Noranda Aluminum, Norcraft Companies, Nucor, OCI Partners and OCI Resources
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, December 29, 2014 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Noranda Aluminum (NYSE: NOR), Norcraft Companies (NYSE: NCFT), Nucor (NYSE: NUE), OCI Partners (NYSE: OCIP), and OCI Resources (NYSE: OCIR). 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):
NOR Research Report: ( http://get.analystsreview.com/pdf/?c=Noranda%20Aluminum&d=29-Dec-2014&s=NOR ),
NCFT Research Report: ( http://get.analystsreview.com/pdf/?c=Norcraft%20Companies&d=29-Dec-2014&s=NCFT ),
NUE Research Report: ( http://get.analystsreview.com/pdf/?c=Nucor&d=29-Dec-2014&s=NUE ),
OCIP Research Report: ( http://get.analystsreview.com/pdf/?c=OCI%20Partners&d=29-Dec-2014&s=OCIP ),
OCIR Research Report: ( http://get.analystsreview.com/pdf/?c=OCI%20Resources&d=29-Dec-2014&s=OCIR ).
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Analyst Update: Financial andOperating Results, and Guidance Updates
Reviewed by: Rohit Tuli, CFA®
The U.S. stock market prolonged its winning streak on Friday, ending the day in green, as positive sentiments continued to buoy the markets after the Christmas holiday. The Dow Jones Industrial Average (DJIA) gained for seven consecutive trading days and ended the session at 18,053.71, up 0.13%, while the S&P 500 moved up 0.33% to 2088.77. The Nasdaq Composite advanced 0.70% and closed at 4,806.86, its highest level since March 2000. The European markets will remain close till Monday. The Asian stocks were mostly higher, as investors played down a slew of Japanese economic reports on inflation, industrial output and the labor market. The data showed that inflation in Japan was slowing, despite efforts of increasing it; however, the market reaction to the November figures was largely muted.
Noranda Aluminum Holding Corporation (Noranda Aluminum) reported Q3 2014 total segment profit of $36.6 million, an increase of 20.4% QoQ and 232.7% YoY. The sequential increase in segment profit was primarily due to $18.7 million impact from higher LME aluminum prices and Midwest premiums, offset by seasonal peak power rates in the Primary Aluminum segment of $11.6 million.
Norcraft Companies, Inc. (Norcraft Companies) posted income from operations in Q3 2014 of $12.0 million, a growth of 70.4% YoY, primarily driven by leverage of fixed manufacturing costs, reduced freight costs, increased labor efficiencies and lower professional fees, partly offset by reasonably higher material costs and raised incentive stock compensation expense from stock options issued in connection with the Company's initial public offering in November, 2013.
Nucor Corporation (Nucor) unveiled its Q4 2014 EPS guidance which reflected a decline on sequential basis. Citing weak operating performance at its steel mills segment and downstream products segment, Nucor said that its Q4 2014 EPS is expected to range from $0.50 - $0.55 versus $0.76 in Q3 2014.
Delaware-based limited partnership OCI Partners LP (OCI Partners) announced Q3 2014 financial results, with both net income and revenues witnessing a decline as a result of lower capacity utilization rate on the ammonia production line and lower methanol prices. OCI Partners' net income for the quarter was down 20.8% YoY at $19 million.
OCI Resources LP's (OCI Resources) Q3 2014 net sales stood at $109.8 million, up by 4.0% YoY, with domestic sales expanding 4.7% YoY and international sales improving 3.4% YoY. Domestic sales for Q3 2014 were helped by a 10.1% increase in sales volume of nearly 213.4 thousand short tons and international sales were aided by 8.6% increase in average sales price to $156.85 per short ton.
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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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SOURCE Analysts Review
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