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International Paper (IP)
International Paper said that its third quarter net income rose to $371 million, or 87 cents a share, from $149 million, or 35 cents, a year earlier. Net income included $525 million in U.S. pretax credits for burning the alternative fuel black liquor, a pulp-wood residue. Sales in the third quarter fell 13 percent to $5.92 billion from $6.81 billion a year ago.
But CEO John Faraci said that at the end of the quarter the company "began to see some modest improvements in demand in some segments of our paper and packaging businesses."
Oct 28 · 9:42:00 AM · Source: Company News Release
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by Larry Etter
Dow Chemical (DOW)
Dow Chemical lost a request for dismissal of a claim brought against it over an alleged European rubber cartel.
The High Court in London ruled today that Cooper Tire & Rubber Co., the second-largest U.S. tiremaker, and a group of other companies can sue Dow in the U.K. Lawyers for Dow argued at a hearing earlier this month that the court shouldn’t consider the case because the alleged cartel didn’t operate in England.
Oct 27 · 1:59:00 PM · Source: Bloomberg
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by Michael Oliveto
du Pont (DD)
DuPont declared regular quarterly dividends of $1.12-1/2 per share on the $4.50 series preferred stock and 87-1/2 cents per share on the $3.50 series preferred stock, both payable January 10, 2010. DuPont today revised the record date for both preferred dividends from January 8, 2010 to January 4, 2010 for administrative reasons.
On October 21, DuPont also declared a Q4 common stock dividend of 41 cents per share, payable December 14, to stockholders of record November 13. There has been no change in the record date for the common stock dividend.
Oct 27 · 12:36:00 PM · Source: Reuuters
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by Michael Oliveto
U.S. Steel (X)
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
AK Steel (AKS)
AK Steel today reported net income of $6.2 million, or $0.06 per diluted share of common stock, for the third quarter of 2009, compared to net income of $188.3 million, or $1.67 per diluted share, for the third quarter of 2008. Net sales for the third quarter of 2009 were $1,041.1 million on shipments of 1,047,800 tons, compared to sales of $2,157.6 million on shipments of 1,476,300 tons for the year-ago quarter.
However, the third quarter 2009 results represent a $53.4 million improvement over the second quarter of 2009 net loss of $47.2 million, or $0.43 per diluted share.
Oct 27 · 10:20:00 AM · Source: Company News Release
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by Larry Etter
Ferro Corporation (FOE)
Ferro Corp. today reported third quarter net income fell to $1,949,000 from $4,385,000. Net sales were $442 million, a decline of 25 percent from the third quarter of 2008. Net sales increased 11 percent, sequentially, from the second quarter of 2009.
Oct 26 · 8:02:00 PM · Source: Company News Release
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by Larry Etter
CF Industries Holdings (CF)
CF Industries Holdings, Inc. today reported third quarter 2009 net earnings attributable to common stockholders of $38.5 million, or $0.78 per diluted share, an 18 percent decrease from the $47.1 million, or $0.82 per diluted share, the company reported in the third quarter of 2008. net sales totaled $430.1 million, representing a decrease of 58 percent from third quarter 2008 that resulted from lower price realizations for all products.
Company's CEO said domestic distributors and retailers remain hesitant to carry inventory because of the write-downs they experienced as prices fell last winter.
Oct 26 · 7:47:00 PM · Source: Company News Release
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by Larry Etter
Amcol International Corporation (ACO)
Amcol International Corp (ACO.N) posted a third-quarter profit attributable to shareholders was $13.3 million, or 43 cents per share, compared with $1.9 million, or 6 cents per share, a year earlier. Net sales at the company fell 25 percent to $190.9 million.
The specialty minerals company handily beat analysts' estimates, helped by better margins across its businesses
Oct 23 · 11:39:00 AM · Source: Company News Release
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by Larry Etter
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