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Stock Market & Financial Investment News

News Breaks
June 12, 2014
09:15 EDTEXPEagle Materials shares should benefit from EPA permit, says Sterne Agee
After the Illinois EPA granted Eagle Materials the final storm water runoff permit for its planned frac sand mine in Illinois, Sterne Agee thinks the news should be a significant positive for the stock. The firm reiterates a Buy rating on the shares.
News For EXP From The Last 14 Days
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February 5, 2016
12:25 EDTEXPUSG advances as pricing and cost control drive Q4 earnings
Shares of building products company USG Corporation (USG) are advancing this morning after reporting higher than expected fourth quarter earnings. WHAT'S NEW: USG reported Q4 EPS of 42c, which handily beat analysts' expectations of 30c per share. The company reported Q4 revenue of $925M, just shy of expectations, as foreign currency unfavorably impacted net sales by $18M in the quarter. USG CEO James Metcalf attributed the improved results to margin expansion in its Gypsum and Ceilings businesses. "Improved pricing in both businesses, coupled with our cost discipline, drove this increased performance," Metcalf noted. On its quarterly earnings conference call, the CEO said the main driver for margin expansion in the quarter was improved pricing of all product categories in the Ceiling segment. The company sees continued strength in its markets in 2016 with overall demand improving 5% in most of its key markets. On its call, USG stressed that it will continue its "relentless cost control program" in 2016. WHAT'S NOTABLE: On its quarterly conference call on January 29, USG Corporation peer Eagle Materials (EXP) noted that its gypsum customers are reporting 5%-7% increase in volume needs for calendar year 2016. ANALYST VIEWS: On January 26, Credit Suisse analyst Michael Dahl downgraded USG to Underperform, saying he sees risk to consensus estimates from increased competition in ceilings and a lack of traction on wallboard pricing. The analyst views the stock's risk/reward as unfavorable and cut his price target for the name to $17 from $26. PRICE ACTION: On a negative day in the broader market, shares of USG Corporation are up almost 5%, while peer Eagle Materials is up fractionally.
January 29, 2016
13:19 EDTEXPOptions with increasing call volume: EXP FLIR SYN INO PBR VMEM EPI GILD EA
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11:00 EDTEXPEagle Materials says gypsum customers reporting 5-7% jump in volume needs
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January 28, 2016
16:25 EDTEXPEagle Materials reports Q3 EPS 92c, consensus 97c
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January 25, 2016
16:33 EDTEXPEagle Materials says CEO Steve Rowley to retire March 31
Eagle Materials announced that president and CEO Steve Rowley has decided to retire as an officer and director of the company effective the end of this fiscal year, March 31. Dave Powers, EVP for Gypsum Wallboard at Eagle since 2005, will succeed Steve as president and CEO on March 31 and will be appointed to the board of directors on that date as well. "The timing of my decision is driven by recent surgery complications that are restricting my mobility and my capability," said Rowley.

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