Exercise of Underwriters' Option, Acquisitions, Divestiture, and Financial Results - Research Report on Constellium, Chart Industries, ATI, Reliance, and Carpenter Technology

NEW YORK, November 13, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Constellium N.V. (NYSE: CSTM), Chart Industries Inc. (NASDAQ: GTLS), Allegheny Technologies Inc. (NYSE: ATI), Reliance Steel & Aluminum Co. (NYSE: RS), and Carpenter Technology Corp. (NYSE: CRS). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Constellium N.V. Research Report

On November 11, 2013, Constellium N.V. (Constellium) announced that the underwriters of its recently announced secondary offering have exercised their option to purchase an additional c.2.6 million Class A Ordinary shares from an affiliate of Rio Tinto Plc at a public offering price of $17.00 per share less the underwriting discount. Constellium reported that the exercise of the option brings the total number of Class A Ordinary Shares to be sold in this offering to 20.1 million. The Full Research Report on Constellium N.V. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

[http://www.AnalystsCorner.com/r/full_research_report/6f81_CSTM]

--

Chart Industries Inc. Research Report

On October 31, 2013, Chart Industries Inc. (Chart Industries) announced that it has entered into an agreement with Wuxi City Zhongbo Heat Exchanger Co., Ltd., to acquire the Company's brazed aluminum heat exchanger (BAHX) business. Chart Industries reported that the acquired operations will be managed by the Company's Energy & Chemicals segment (Chart E&C). Mike Durkin, President of Chart E&C, stated, "These capacity expansions form an integral part of Chart E&C's overall growth strategy." Durkin added, "They will help Chart meet global demand for both low pressure and high pressure brazed aluminum heat exchangers, furthering our ability to support our global customer base across all industry sectors with market-leading delivery schedules. With new personnel being recruited at both locations, there are benefits for the respective local economies." 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.AnalystsCorner.com/r/full_research_report/4c7e_GTLS]

--

Allegheny Technologies Inc. Research Report

On November 4, 2013, Allegheny Technologies Inc. (ATI) announced that it has successfully completed the divestiture of its tungsten materials business to Kennametal Inc. for a total consideration of $605 million. The Full Research Report on Allegheny Technologies Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

[http://www.AnalystsCorner.com/r/full_research_report/c967_ATI]

--

Reliance Steel & Aluminum Co. Research Report

On November 1, 2013, Reliance Steel & Aluminum Co. (Reliance) announced that through its wholly-owned subsidiary, American Metals Corporation (AMC), it has acquired all of the capital stock of Haskins Steel Co., Inc. (Haskins). According to Reliance, Haskins will operate as a wholly-owned subsidiary of AMC, and its current management will remain in place. David H. Hannah, Chairman and CEO of Reliance said, "Haskins will enhance American Metals' penetration into this geographic area where American Metals did not previously have a physical presence." The Full Research Report on Reliance Steel & Aluminum Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

[http://www.AnalystsCorner.com/r/full_research_report/08ee_RS]

--

Carpenter Technology Corp. Research Report  

On October 29, 2013, Carpenter Technology Corp. (Carpenter Technology) released its Q1 FY 2014 results (period ended September 30, 2013). Carpenter Technology registered net sales of $498.6 million in Q1 FY 2014, compared to net sales of $544.9 million in Q1 FY 2013. The Company posted net income attributable to the Company of $34.6 million or $0.65 per diluted share in Q1 FY 2014, compared to net income attributable to the Company of $39.2 million $0.74 per diluted share in Q1 FY 2013. Commenting on the results, William A. Wulfsohn, President and CEO of Carpenter Technology, said, "Our first quarter earnings were in-line with our expectations. Our strong manufacturing performance contributed significantly to our earnings. The team executed on multiple fronts to reduce production and overhead costs. We achieved these results while successfully performing a significant planned maintenance overhaul on our Reading forge, positioning this critical piece of hot working equipment to support future growth." The Full Research Report on Carpenter Technology Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

[http://www.AnalystsCorner.com/r/full_research_report/025c_CRS]

----

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 Namrata Maheshwari, a CFA charterholder. 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 represented by Namrata Maheshwari, CFA, has 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.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

AnalystsCorner.com

SOURCE Analysts' Corner