Steel Dynamics, Inc. announced Wednesday first quarter net income of $39 million, or $0.17 per diluted share, on net sales of $1.8 billion. By comparison, prior year first quarter net income was $48 million, or $0.21 per diluted share, on ...
Tags: Steel Dynamics, Midwest steel
Warmer spring weather spurred continued consumer spending and activity this March. According to the National Retail Federation – the world's largest retail trade association – March retail sales, which exclude automobiles, gas ...
Tags: NRF, US Retail Sales
Led by a 6% rise in single-family starts, nationwide housing production rose 2.8% above an upwardly revised February rate of 920,000 to a seasonally adjusted annual rate of 946,000 units in March, according to newly released figures from ...
Tags: Construction, Decoration
The top natural gas analyst at Jefferies raised his 2014 gas price forecast 8% Thursday, citing a much higher than anticipated winter price in the first quarter and the end of coal's ability to keep gas prices range-bound. "The era of too ...
Tags: natural gas, analyst, Coal
Schnitzer Steel Industries, Inc. reported Thursday adjusted earnings per share of $0.13 and earnings per share of $0.07 for its fiscal 2014 second quarter ended February 28, 2014. The Metals Recycling Business delivered a substantial ...
Tags: steel, Metallurgy, Mineral
U.S. manufacturing grew at a slightly faster pace in March compared with February as factory output recovered from disruptions caused by severe winter weather. Manufacturers also received more orders, suggesting that production could ...
Tags: Manufacturing, factory output
Once this year's harsh weather has faded, the U.S. economy could be poised for a breakout year — its strongest annual growth in nearly a decade. The combination of an improving job market, pent-up consumer demand, less drag from ...
Tags: Economy
Despite harsh winter weather, the World Floor Covering Association (WFCA)-sponsored International Certified Floorcovering Installers Association (CFI) training workshop in Baltimore was a success. For the first time in the training ...
Tags: Construction, flooring
AK Steel announced Friday that it expects a loss for its first quarter, attributing temporary factors such as an unplanned blast furnace outage. Harsh winter weather--the main complaint for other US mills--was also mentioned as a factor. ...
Tags: Steel, Metallurgy, Mineral
Home prices continued to show solid growth in most of the country due to limited inventory conditions, but rising prices and severe winter weather caused existing-home sales to slip in February, according to the National Association of ...
Tags: Home Sales, Home prices
Steel Dynamics Inc. announced Tuesday weak guidance for the first quarter of 2014, citing harsh winter weather that resulted in higher energy costs, transportation difficulties, and decreased production and shipments. The company expects ...
Tags: Steel Dynamics, metal
General Mills today reported results for the third quarter of fiscal 2014. Sales and operating profit for the 13 weeks ended Feb. 23, 2014, reflect lower volumes, consistent with generally weak food industry trends during this period; the ...
Cintas Corporation reported results for its third quarter ended February 28, 2014. Revenue for the third quarter was $1.13 billion, representing a 5.1% increase compared to last year’s third quarter. Adjusting for one more workday in ...
Tags: Cintas, Uniform Direct Sales, EPS
Nationwide housing starts were virtually unchanged in February,inching down.2%to a seasonally adjusted annual rate of 907,000 units,according to newly released data from the U.S.Department of Housing and Urban Development and U.S.Census ...
Tags: Housing, NAHB, housing construction
Prompt prices on the UK's NBP gas trading hub fell Friday morning as the system saw a large supply surplus and warm, sunny weather expected for the weekend should further cut heating demand. "The system was the longest I've seen it," one ...
Tags: gas storage, Oversupply