Just Released: New Research on Steel Dynamics, Stericycle, Sterling Construction, Swisher Hygiene and Synalloy
NEW YORK, December 11, 2014 /PRNewswire/ --
Moments ago, Realtime Equities released new analyst updates concerning several important developing situations. Realtime Equities is the leader in realtime news, commentary and analysis - 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.
Today's update concerns the following companies:
============
Full PDF Download Links (you may have to copy and paste the following links into your browser):
STLD Research Report: (http://get.realtimeequities.com/pdf/?c=Steel%20Dynamics&d=10-Dec-2014&s=STLD),
SRCL Research Report: ( http://get.realtimeequities.com/pdf/?c=Stericycle&d=10-Dec-2014&s=SRCL),
STRL Research Report: (http://get.realtimeequities.com/pdf/?c=Sterling%20Construction&d=10-Dec-2014&s=STRL),
SWSH Research Report: (http://get.realtimeequities.com/pdf/?c=Swisher%20Hygiene&d=10-Dec-2014&s=SWSH),
SYNL Research Report: (http://get.realtimeequities.com/pdf/?c=Synalloy&d=10-Dec-2014&s=SYNL).
============
Analyst Update: Credit facility Amendments, Promotions, Project Updates, Earnings, and Acquisitions
Reviewed by: Rohit Tuli, CFA®
The US stock market on Tuesday ended on a mixed note with a slight recovery in oil prices and a rally in tech stocks even as global economic concerns weighed on the market. The Dow Jones industrial average extended its losses from the previous day trading session and fell 0.29%, the S&P 500 edged 0.02% lower, while the NASDAQ composite advanced 0.54%. The European stocks plunged, following a sharp decline in Greece stock markets that suffered its biggest one-day loss since 1987. The Greece stock market ended the day in red, following an early presidential vote being announced by the government. The Asian Markets on December 9, 2014 plummeted after the Chinese government restricted investors from using low-grade corporate bonds as collateral for short-term financing. Besides this, a concern over the dropping oil prices, uncertainty about central-bank policy in Europe contributed to weakening of the Asian stock market.
Steel Dynamics has amended, restated and expanded its senior secured revolving credit facility and entered into a new term loan facility. Merrill Lynch, Pierce, Fenner & Smith Incorporated, PNC Capital Markets LLC and Wells Fargo Securities, LLC served as Joint Lead Arrangers and Joint Bookrunners.
Stericycle has promoted Brent Arnold, current Executive Vice President and President, Stericycle USA/Canada to the post of Chief Operating Officer effective January 1, 2015. The Company informed that Brent will succeed Richard Kogler who will continue as the COO of the Company through the transition to Mr. Arnold.
Sterling Construction's subsidiary Myers & Sons Construction along with joint venture partner American Civil Constructors were successful bidders for the San Mateo Bridge project for the counties of San Mateo and Alameda with a value of approximately $25.3 million.
Swisher Hygiene reported strong third quarter 2014 financial results, as the Company trimmed its net loss for the quarter. However, top line witnessed weakness. The Company reported Q3 2014 total revenues of $49.7 million, down 11.2% YoY, led by weakness across products (down 10.6% YoY), services(down 17.1% YoY), franchise and other segments (down 8.0% YoY). The Company's net loss from continuing operations stood at $7.8 million or $0.44 diluted loss per share, from net loss of $13.2 million or $0.75 diluted loss per share in Q3 2013.
Synalloy acquired Specialty Pipe & Tube, Inc., a master distributor of seamless carbon pipe, with a focus on heavy wall, large diameter products. The Company expects the transaction to be accretive to its earnings in the first year following the closing.
--
About Realtime Equities
Tired of missing trades? In a word where information travels at the speed of light, you can't afford to be out of touch. Get an actionable source of information. Find the best opportunities available in real-time. Don't waste time trying to chase the news, get ahead of it with Realtime Equities. We find information as it happens and send it out to our subscribers in our e-alerts. Our focus is to find companies positioned to see upward momentum, delivering alerts to your inbox as the event unfolds in realtime. Join us in our battle to beat the markets, you'll be happy you did.
We are proud to serve professional traders, financial advisors, hedge funds and experience individual investors including some of the top firms on wall-street today. For more information about our service offerings and subscriptions, please visit our website or reach out to our sales staff. Advanced subscription packages are available to qualifying institutional clients and accredited investors, please speak with your account manager to learn more about these custom opportunities.
If you enjoyed today's content, subsribe to our live updates here: ( http://get.realtimeequities.com/updates )
--
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 Realtime Equities, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Realtime Equities in this article or report according to the procedures outlined by Realtime Equities. Realtime Equities 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.
Further Resources: For more information about this release including editorial notes, compliance procedures and legal disclosures, please visit: http://www.realtimeequities.com/editors
Contact Information: If you need to reach out to us about this release, please do so at:
Compliance Department
Toll Free: 1-800-632-0568
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE RealtimeEquities.com
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article