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Cleveland-Cliffs Commissions $150M Anneal Line at Coshocton Works
ZACKS· 2025-06-24 14:05
Key Takeaways Cleveland-Cliffs commissions a $150M Vertical Stainless Bright Anneal Line at Coshocton Works. The new line uses a 100% hydrogen atmosphere and hydrogen recovery to enhance steel processing. This investment targets premium stainless steel for automotive and critical appliance applications.Cleveland-Cliffs Inc. (CLF) has commissioned its new cutting-edge Vertical Stainless Bright Anneal Line at its Coshocton Works facility in Coshocton, OH. This $150 million capital investment has been comple ...
摩根士丹利:钢铁行业_等待需求拐点
摩根· 2025-06-23 02:09
M O R G A N S T A N L E Y R E S E A R C H Europe Morgan Stanley & Co. International plc+ European Equity Research June 18, 2025 07:25 AM GMT Alain Gabriel, CFA M O R G A N S T A N L E Y R E S E A R C H EQUITY ANALYST Alain.Gabriel@morganstanley.com +44 (0)20 7425 8959 Waiting for a demand inflection June 2025 Ioannis Masvoulas, CFA Steel: Waiting for a demand inflection EQUITY ANALYST Ioannis.Masvoulas@morganstanley.com +44 (0)20 7425 0427 +44 20 7677-2702 Global Commodities Research Adahna Ekoku EQUITY ANA ...
Li Bang International Announces Its Interim Financial Results for the Six Months Ended December 31, 2024
Prnewswire· 2025-06-17 21:00
JIANGYIN, China, June 17, 2025 /PRNewswire/ -- Li Bang International Corporation Inc. ("Li Bang International") and its subsidiaries (collectively, the "Company," "we," "us," "our company," or "Li Bang") (Nasdaq: LBGJ), a company engaged in designing, developing, producing, and selling stainless steel commercial kitchen equipment in China, today announced its unaudited interim financial results for the six months ended December 31, 2024.Highlights for the Six Months Ended December 31, 2024 Revenue - for th ...
Solo Stove Expands Portfolio with Introduction of the new Solo Steelfire™ 30 Stainless Griddle
Prnewswire· 2025-06-12 12:00
The Outdoor Griddle is Designed to be the Star of Backyard EntertainingGRAPEVINE, Texas, June 12, 2025 /PRNewswire/ -- Solo Stove, the leading outdoor lifestyle brand within Solo Brands (NYSE: DTC; OTC: DTCB) and creator of the world's most-popular smokeless fire pit, is expanding into yet another new category with the introduction of its new Solo Steelfire™ 30 Stainless Griddle. The new launch is set to disrupt the griddle market by delivering a professional-grade outdoor cooking experience to backyard che ...
Carpenter Technology (CRS) Is Up 5.85% in One Week: What You Should Know
ZACKS· 2025-06-11 17:00
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...
The Toro pany(TTC) - 2025 Q2 - Earnings Call Presentation
2025-06-05 13:41
Q2 2025 EARNINGS RELEASE June 5, 2025 THE TORO COMPANY Cautionary Note This presentation contains forward-looking statements, which are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward- looking statements are based on management's current assumptions and expectations of future events and often can be identified by words such as "believe," "expect," "intend," "forward," "future," "goal," "guidance," "improve," "may," "outlook," "should," ...
Luda Technology Group Limited Announces 2024 full year results
Globenewswire· 2025-05-27 16:45
Hong Kong, May 27, 2025 (GLOBE NEWSWIRE) -- Luda Technology Group Limited (the “Company” or “Luda Technology”), (NYSE: LUD), a manufacturer and trader of stainless steel and carbon steel flanges and fittings products, today announced that on April 30, 2025, it completed and filed the Company's annual report on Form 20-F for the year ended December 31, 2024 (the "2024 Form 20-F") with the U.S. Securities and Exchange Commission (the "SEC"). Availability of Audited Financial Statements Further information may ...
有色早报-20250521
Yong An Qi Huo· 2025-05-21 03:07
有色早报 研究中心有色团队 2025/05/21 铜 : 日期 沪铜现货 升贴水 废精铜 价差 上期所 库存 沪铜 仓单 现货进口 盈利 三月进口 盈利 保税库 premium 提单 premium 伦铜 C-3M LME 库存 LME 注销仓单 2025/05/14 -35 1193 80705 50069 -227.87 527.10 100.0 115.0 14.83 185575 77650 2025/05/15 15 1100 80705 60535 -427.30 494.21 100.0 115.0 39.74 184650 76725 2025/05/16 445 1250 108142 63247 -433.62 40.45 95.0 111.0 31.45 179375 71900 2025/05/19 430 816 108142 61913 -103.15 218.98 95.0 111.0 15.52 174325 67550 2025/05/20 390 979 108142 45738 -23.85 170.67 94.0 110.0 3.16 170750 66450 变化 - ...
BARCLAYS:金属与矿业-待解决关键问题及财务展望
2025-05-12 03:14
Equity Research 7 May 2025 Metals & Mining Key issues to be addressed and financial outlooks We present Q&A ideas, financial summaries and valuations for the key metals & mining stocks in our coverage universe. We hope you find this useful – please get in touch if we can help with anything further. European Metals & Mining NEUTRAL European Metals & Mining Amos Fletcher, CFA +44 (0)20 7773 2225 amos.fletcher@barclays.com Barclays, UK Ian Rossouw, CFA +44 (0)20 3555 2620 ian.rossouw@barclays.com Barclays, UK ...
MRC Global Q1 Earnings & Revenues Beat Estimates, Decrease Y/Y
ZACKS· 2025-05-07 16:45
Core Viewpoint - MRC Global Inc. reported first-quarter 2025 adjusted earnings of 14 cents per share, exceeding the Zacks Consensus Estimate of 8 cents, but down from 21 cents per share in the same quarter last year. Total revenues of $712 million also surpassed the consensus estimate of $710 million, although they decreased by 8.4% year over year due to lower sales volumes in specific sectors [1]. Revenue Summary by Product Line - Revenues from carbon pipe, fittings, and flanges decreased by 22.5% year over year to $162 million. - Revenues from valves, automation, measurement, and instrumentation fell by 0.7% year over year to $277 million. - Gas product revenues remained stable year over year at $187 million. - Sales of general products dropped by 28.1% to $46 million, while sales of stainless steel and alloy pipe and fittings increased by 5.3% to $40 million [2]. Revenue Summary by Sector - Revenues from Gas Utilities increased by 3% year over year to $273 million. - Sales in the Downstream, Industrial and Energy Transition (DIET) sector decreased by 17.7% to $220 million. - Sales from the Production & Transmission Infrastructure (PTI) sector fell by 10.6% year over year to $219 million [3]. Revenue Summary by Segment - Sales from the U.S. segment, which represents 83% of total revenues, totaled $591 million, down 11.4% year over year due to reduced demand in DIET and PTI sectors. - Sales from the International segment, accounting for 17% of revenues, grew by 10% year over year to $121 million, driven by higher revenues from the PTI sector [4]. Margin Profile - MRC Global's cost of sales declined by 7.8% year over year to $570 million. - Adjusted gross profit decreased by 10% year over year to $153 million, with an adjusted gross margin of 21.5%, compared to 21.9% in the previous year. - Selling, general, and administrative expenses rose by 3.3% year over year to $124 million, while adjusted EBITDA decreased by 36.8% year over year to $36 million [5]. Balance Sheet and Cash Flow - At the end of the first quarter of 2025, MRC had a cash balance of $63 million, stable compared to December 2024. - Long-term debt, including the current portion, was $367 million, with net debt at $308 million [6]. - The company generated net cash of $14 million from operating activities, down from $38 million in the year-ago period. - Capital expenditures for property, plant, and equipment were $9 million, up 50% year over year, and no dividends were paid on preferred stock compared to $6 million in the previous year [7]. 2025 Outlook - MRC Global anticipates that its second-quarter 2025 revenues will increase in the high-single to low-double-digit range sequentially, driven by growth across its three business sectors [9].