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

Mon Aug 5, 2013 8:01am EDT

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

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PR Newswire

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]

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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]

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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]

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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]

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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]

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