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Boise Cascade Holdings (BZ)
Boise Cascade Turns to Profit
Boise Cascade Holdings Friday said it posted earnings of $26.2 million, up from a year-earlier loss of $207.6 million. The company said the latest quarter's results included $28.2 million of non-cash income associated with its equity investment in Boise, a paper-products maker, while the prior year had a $208.1 million write-down related to the investment. Sales dropped 20% to $579 million.
Nov 13 · 11:58:00 AM · Source: Company News
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by Larry Etter
U.S. Steel (X)
U.S. Steel Reports Q3 Loss on Lower Revenue
U.S. Steel today reported a third-quarter net loss of $303 million, or $2.11 a share, compared with net income of $919 million, or $7.79, a year earlier. Sales dropped 61 percent to $2.82 billion.
The company said results will improve in the fourth quarter because of increased demand for flat-rolled steel in North America, led by the auto industry.
Oct 27 · 10:43:00 AM · Source: Company News Release
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by Larry Etter
Dow Chemical (DOW)
Dow Chemical Reports Earnings of $0.63
Dow Chemical reported Q3 earnings per share of $0.63 on net income of $12.05 billion versus $0.46 per share on net income of $15.37 billion in the year ago period.
Andrew N. Liveris, Dow's chairman and chief executive officer, stated:
"Dow once again delivered stronger sequential earnings due to our focus on
aggressive price/volume management, accelerating cost reductions, especially
with the Rohm and Haas integration, plus benefiting from our global presence
with volume gains in emerging geographies. In addition, we are seeing pockets
of volume growth in certain businesses versus the prior quarter, primarily in
Advanced Materials, Performance Products and Performance Systems, which have
benefited from the beginnings of a global economic recovery. Consistent with
our focus on execution, immediately following the close of the quarter we also
accomplished a key objective by completing the sale of Morton Salt and fully
paying off our bridge loan related to the Rohm and Haas acquisition well ahead
of schedule, improving the Company's financial flexibility and further
deleveraging our balance sheet."
Oct 22 · 12:31:00 PM · Source: Press Release
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by Michael Oliveto
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