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Contract Grants and Strong Results despite Market Challenges - Research Report on Chart, Carpenter, Kennametal, Mueller, and Worthington

Editor Note: For more information about this release, please scroll to bottom


News provided by

Investors' Reports

Aug 05, 2013, 08:00 ET

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NEW YORK, August 5, 2013 /PRNewswire/ --

Today, Investors' Reports announced new research reports highlighting Charter Industries, Inc. (NASDAQ: GTLS), Carpenter Technology Corporation (NYSE: CRS), Kennametal Inc. (NYSE: KMT), Mueller Industries, Inc. (NYSE: MLI), 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.

Chart Industries, Inc. Research Report

On July 30, 2013, Chart Industries, Inc. (Chart) announced that its wholly-owned subsidiary, Chart Energy & Chemicals, Inc., has bagged a contract from Noble Energy, Inc. (Noble Energy) to provide a processing facility to produce approximately 100,000 gallons of liquefied natural gas (LNG) per day. The Company informed that the facility will be fully integrated with a new gas processing plant, which is expected to be fully operational by the end of 2014, to serve Noble Energy's northern Colorado operations in the DJ Basin. 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.investorsreports.com/report/2013-08-01/GTLS]

--

Carpenter Technology Corporation Research Report

On July 30, 2013, Carpenter Technology Corporation (Carpenter) reported its Q4 FY 2013 and full-year FY 2013 (ended June 30, 2013) financial results. In Q4 FY 2013, the Company's net income was $40.9 million, or $0.77 per diluted share, compared to an income of $40.8 million, or $0.77 per diluted share, in Q4 FY 2012. During full-year FY 2013, Carpenter's net sales increased 12.0% YoY to $2.3 billion, and net income was up 20.5% YoY to $146.1 million. "We finished the fiscal year with a solid fourth quarter in a challenging environment," said William A, Wulfsohn, President and CEO of Carpenter. "We enter fiscal 2014 optimistic about the year, although shorter lead times and low nickel prices provide less visibility about underlying demand." The Full Research Report on Carpenter Technology Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-01/CRS]

--

Kennametal Inc. Research Report

On July 25, 2013, Kennametal Inc. (Kennametal) reported Q4 FY 2013 and full-year FY 2013 (period ended June 30, 2013) financial results. For Q4 FY 2013, the Company reported an EPS of $0.76 on $671 million in sales, compared with an EPS of $1.06 on $739 million in sales in Q4 FY 2012. For full-year FY 2013, the Company reported an EPS of $2.52 on $2.6 billion in sales, compared with an EPS of $3.77 on $2.7 billion in sales in full-year FY 2012. "In the June quarter - and for every quarter during fiscal 2013 - Kennametal delivered double-digit profitability despite market challenges," said Carlo Cardoso, Chairman, President, and CEO of Kennametal. "We demonstrated greater agility in this cycle and elevated our financial performance." The Full Research Report on Kennametal Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-01/KMT]

--

Mueller Industries, Inc. Research Report

On July 23, 2013, Mueller Industries, Inc. (Mueller) reported Q2 2013 financial results. The Company's net income attributable to normal operations in Q2 2013 was $25.5 million, or $.90 per diluted share, compared with $17.9 million, or $0.47 per diluted share, in Q2 2012. The Company's net sales for Q2 2013 were down 2.0% YoY to $582.3 million due to lower copper costs that impacted the selling prices of Mueller's products. "The residential construction market continues to gain momentum, although its progress on a month-to-month basis remains bumpy," said Greg Christopher, CEO of Mueller. "Housing starts totaled 780,000 units in 2012, and are projected to increase by 20 percent in 2013 and by still another 20 percent in 2014." The Full Research Report on Mueller Industries, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-01/MLI]

--

Worthington Industries, Inc. Research Report

On July 31, 2013, Worthington Industries, Inc. (Worthington) announced that it has signed an agreement with Wuhan Iron and Steel Company (WISCO), a leading steel mill in China, to become the majority member in its joint venture, Tailor Welded Blanks (TWB). Following WISCO's acquisition of ThyssenKrupp's ownership in TWB, Worthington acquired an additional 10% share in TWB, extending its ownership to 55%. As a result, of the acquisition, the TWB joint venture will now be consolidated with the Steel Processing segment of Worthington Industries. 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.investorsreports.com/report/2013-08-01/WOR]

----

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network 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.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

InvestorsReports.com

SOURCE Investors' Reports

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