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Stock Market & Financial Investment News

News Breaks
March 11, 2014
04:55 EDTMLM, MLM, VMC, VMC, EXP, EXP, NCS, NCSStephens to hold a field trip
Building Materials Field Trip travels through North Carolina, Alabama and Texas on March 11-12.
News For MLM;VMC;EXP;NCS From The Last 14 Days
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February 12, 2016
12:27 EDTVMCVulcan Materials raises quarterly dividend to 20c from 10c per share
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February 10, 2016
09:30 EDTMLMMartin Marietta upgraded to Buy from Hold at Vertical Research
February 9, 2016
11:18 EDTMLMOptions with increasing call volume; CERS WYN NVS ZIOP PZM PI OC DB MLM
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08:44 EDTMLMMartin Marietta sees FY16 net sales $3.5B-$3.7B, consensus $3.63B
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08:43 EDTMLMMartin Marietta reports Q4 EPS $1.26, consensus $1.35
Reports Q4 revenue $844.6M, consensus $845.7M.
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.
February 4, 2016
08:06 EDTVMCVulcan Materials sees 2016 aggregates shipments up 7% to 191M tons
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08:04 EDTVMCVulcan Materials sees FY16 adjusted EBITDA $1-$1.1B
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08:04 EDTVMCVulcan Materials expects overall demand growth to be 7% in 2016
The company expects overall demand growth in Vulcan-served markets to be approximately 7% in 2016, driven by continued growth in both private and public construction. Private construction activity should continue to grow in both residential and nonresidential segments, led by double-digit growth in residential. Public construction in Vulcan's markets should continue to benefit from state-led highway spending in key states and record levels of local tax receipts. Additionally, with the passage of a new, fully funded, long-term federal highway bill in December 2015, the states now have greater funding stability and certainty to undertake much needed transportation projects. As a result, the company believes mid-single digit growth for this aggregates-intensive end market is possible in 2016. With the exception of certain markets in Texas, construction activity in Vulcan-served markets remains well below long-term levels of per capita consumption. Key states such as California, Florida, and Georgia continue to enjoy solid growth rates as they gradually recover toward more normal levels of construction activity and materials consumption, and we expect that trend to continue in 2016. As a result, demand growth for our products continues, and we are encouraged by the pricing fundamentals throughout our markets.
08:03 EDTVMCVulcan Materials reports Q4 EPS cont ops 69c, consensus 61c
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February 2, 2016
05:59 EDTVMCVulcan Materials added to US 1 List at BofA/Merrill

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