Key Developments: TMS International Corp (TMS.N)
15.53USD
1 Aug 2013
$-0.84 (-5.13%)
$16.37
$16.20
$16.20
$15.09
28,738
13,802
$17.29
$9.50
Latest Key Developments (Source: Significant Developments)
TMS International Corp Lowers FY 2013 EBITDA Guidance
TMS International Corp announced that for fiscal 2013, it is lowering its adjusted EBITDA to a range of $150 million to $155 million, from its original guidance of $152 million to $160 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $156 million for fiscal 2013. Full Article
TMS International Corp Declares Quarterly Dividend
TMS International Corp announced that its Board of Directors has approved the issuance of a quarterly cash dividend of $0.10 per share payable on September 20, 2013 to stockholders of record as of the close of business on August 16, 2013. Full Article
TMS International Corp Reaffirms FY 2013 EBITDA Guidance
TMS International Corp reaffirmed its guidance for fiscal 2013 adjusted EBITDA in a range of $152 million to $160 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $157 million for fiscal 2013. Full Article
TMS International Corp Approves Initiation of Quarterly Dividend
TMS International Corp announced that its Board of Directors has approved the initiation of a quarterly cash dividend. The first dividend of $0.10 per share will be payable on July 3, 2013 to stockholders of record as of the close of business on May 16, 2013. This is the first dividend declared by the company since its initial public offering in April 2011. Full Article
TMS International Corp Completes Repricing Of Term Loan
TMS International Corp announced that the Company successfully completed a repricing of its $300 million term loan facility that is expected to reduce its cash interest costs by approximately $3 million annually. The expected savings are driven by a reduction in the applicable margin charged on Eurodollar borrowings under the facility from 450 basis points to 375 basis points, and by a reduction in the interest rate floor applicable to Eurodollar borrowings from 125 basis points to 100 basis points. Full Article
TMS International Corp Issues FY 2013 EBITDA Guidance In Line With Analysts' Estimates
TMS International Corp announced that for fiscal 2013, it expects to achieve adjusted EBITDA in a range of $152 million to $160 million, representing a year-over-year growth rate of 5% to 10%. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $156 million for fiscal 2013. Full Article
TMS International Corp Announces New Contracts Totaling More Than $266 Million
TMS International Corp announced that it has secured new mill services contracts totaling more than $266 million in revenue over the life of the contracts at expected production levels and commercial sales, with aggregate growth capital investments of approximately $52 million . Full Article
TMS International Corp Reaffirms FY 2012 EBITDA Guidance
TMS International Corp reaffirmed its previous fiscal 2012 adjusted EBITDA guidance in a range of $142-$148 million. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $145 million for fiscal 2012. Full Article
TMS International Corp Appoints Raymond Kalouche President And Chief Executive Officer
TMS International Corp announced that its Board of Directors has elected Raymond Kalouche to the offices of President and Chief Executive Officer and also to its Board of Directors, effective January 1, 2013. Mr. Kalouche serves as Chief Operating Officer of TMS as well as President and Chief Operating Officer of the Company's Mill Services Group, positions he has held since 2009 and 2004, respectively. Full Article
TMS International Corp Reaffirms FY 2012 EBITDA Guidance
TMS International Corp reaffirmed its previous fiscal 2012 adjusted EBITDA guidance in a range of $142-$148 million. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $147 million for fiscal 2012. Full Article

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