Rubber and Plastics Companies Declare Quarterly Results, Dividends - Research Report on Goodyear Tire & Rubber, Carlisle, MeadWestvaco, Bemis Company, and Berry Plastics Group

Fri Aug 9, 2013 8:00am EDT

* Reuters is not responsible for the content in this press release.

Rubber and Plastics Companies Declare Quarterly Results, Dividends - Research Report on Goodyear Tire & Rubber, Carlisle, MeadWestvaco, Bemis Company, and Berry Plastics Group

PR Newswire

NEW YORK, August 9, 2013 /PRNewswire/ --

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

Today, Analysts' Corner announced new research reports highlighting Goodyear Tire & Rubber Co. (NASDAQ: GT), Carlisle Companies Inc. (NYSE: CSL), MeadWestvaco Corporation (NYSE: MWV), Bemis Company, Inc. (NYSE: BMY), and Berry Plastics Group, Inc. (NYSE: BERY). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Goodyear Tire & Rubber Co. Research Report

On July 30, 2013, Goodyear Tire & Rubber Co. (Goodyear) announced record earnings for Q2 2013. Goodyear's Q2 2013 sales were $4.9 billion, compared to $5.2 billion in Q2 2012, and Tire unit volumes totaled 39.5 million, up 1% YoY. The Company informed that Q2 2013 sales includes the impact of $35 million in higher tire unit volumes that was offset by a decline of $131 million in sales of other tire-related businesses. The Company declared record segment operating income of $428 million in Q2 2013, up 27.4% YoY. Richard J. Kramer, Chairman and CEO, commented, "Our outstanding second quarter earnings demonstrate the disciplined execution of our strategies by Goodyear associates around the globe as our operations become more efficient, reliable and integrated." He continued, "Our objective remains to focus on profitable targeted market segments where we can capture the value of our brands and prepare ourselves to take advantage of the market recovery when it comes." For full-year 2013 the Company expects that sales volume of its Tire unit would be similar to full-year 2012 levels. The Full Research Report on Goodyear Tire & Rubber 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/2caa_GT ]

Carlisle Companies Inc. Research Report

On August 1, 2013, Carlisle Companies Inc. (Carlisle Companies) announced that its Board of Directors has approved a 10.0% increase in the Company's regular quarterly dividend to $0.22 per share, marking the 37th consecutive year of dividend increases for the Company. According to Carlisle Companies, the dividend is payable on September 1, 2013 to shareholders of record at the close of business on August 15, 2013. David A. Roberts, Chairman, President and CEO of Carlisle Companies, said, "We are very proud to be able to continue Carlisle's long history of rewarding Carlisle's shareholders by increasing our dividend." The Full Research Report on Carlisle Companies 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/b7d0_CSL ]

MeadWestvaco Corporation Research Report

On July 30, 2013, MeadWestvaco Corporation (MWV) announced its Q2 2013 results. The Company posted modest sales growth of 0.8% YoY to $1.4 million during the quarter. Income from continuing operations was at $67 million or $0.37 per share, in Q2 2013, compared to $78 million or $0.44 per share, in Q2 2012. According to MWV, lower earnings were mainly attributed to the previously announced outage at its paperboard mill in Covington, Virginia. John A. Luke, Jr., Chairman and CEO of MWV, commented, "While the isolated operating challenges weighed on our quarterly results, the profitable growth strategies we've been pursuing continues to generate strong gains in targeted packaging and specialty chemicals markets. With the operating issues behind us, our businesses are performing well and we are confident the earnings and cash flow improvement we've been anticipating for the second half of the year is already underway." The Full Research Report on MeadWestvaco Corporation - 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/01e4_MWV ]

Bemis Company, Inc. Research Report

On August 1, 2013, Bemis Company, Inc (Bemis) announced that its Board of Directors have approved a regular quarterly cash dividend of $0.26 per share, which is payable on September 3, 2013 to shareholders of record at the close of business on August 20, 2013. The Board also reported that Henry J. Theisen, Bemis' President and CEO, has been given an additional position of Chairman of the Board of Directors, with immediate effect. Bemis also stated that Timothy M. Manganello has been appointed as the independent Lead Director of the Board of Directors, effective immediately. The Full Research Report on Bemis Company, 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/bf79_BMS ]

Berry Plastics Group, Inc. Research Report

On August 1, 2013, Berry Plastics Group, Inc. (Berry) reported results for Q3 FY 2013 (period ended June 29, 2013). Net sales dropped by 1.7% YoY to approximately $1.2 mainly, due to lower selling prices resulting from lower plastic resin costs and soft customer demand adverse weather conditions, which was to partially offset by better volumes in certain other products. Operating EBITDA stood at $208 million, up 4.5% YoY, and adjusted net income per share was at $0.35 during the quarter, compared to $0.22 in Q3 FY 2012. Jon Rich, Chairman and CEO of Berry Plastics, commented, "During the June 2013 quarter the Company achieved an Operating EBITDA record for any June quarter, despite the sustained pressure from continued soft consumer demand. The year-over-year Operating EBITDA margin improvements of 1 percent were achieved primarily through productivity, strategic cost reduction actions taken, and sourcing savings." The Full Research Report on Berry Plastics Group, 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/cab7_BERY ]

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 making 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 pubco@EquityNewsNetwork.com.
  5. For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com.
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com 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.

SOURCE Analysts' Corner

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.