NEW YORK, April 1, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Reliance Steel & Aluminum Co. (NYSE: RS), Worthington Industries, Inc. (NYSE: WOR), CLARCOR Inc. (NYSE: CLC), Carpenter Technology Corporation (NYSE: CRS), and Nuverra Environmental Solutions, Inc. (NYSE: NES). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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Reliance Steel & Aluminum Co. Analyst Notes
On March 26, 2014, Reliance Steel & Aluminum Co. (Reliance Steel) announced the verdict in connection to the Texas Antitrust Case. The Texas jury returned a verdict against Reliance Steel and its subsidiary, Chapel Steel Corp, and four other co-defendants of $52 million in damages, which amount is expected to be trebled under the federal antitrust laws. As discussed in the Company's Annual Report on Form 10-K for the period ended December 31, 2013, filed with the Securities and Exchange Commission, Reliance Steel has been involved in legal proceedings brought by two former employees who left the Company to start their own business and claim that Reliance and the co-defendants engaged in anticompetitive activities. David Hannah, Reliance's Chairman of the Board and CEO, said, "We are deeply disappointed with the outcome of this trial and we continue to believe that Reliance and Chapel acted appropriately and within their legal rights." Both Reliance Steel and Chapel intend to pursue taking the matter up on appeal. The full analyst notes on Reliance Steel & Aluminum Co. are available to download free of charge at:
http://www.AnalystsReview.com/04012014/RS/report.pdf
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Worthington Industries, Inc. Analyst Notes
On March 26, 2014, Worthington Industries, Inc. (Worthington) announced that its Board of Directors has authorized and declared a quarterly dividend in the amount of $0.15 per share. The dividend is payable on June 27, 2014 to shareholders of record on June 13, 2014. The dividend represents the 186th consecutive quarter that the Company has paid a dividend since it became a public company in 1968. The full analyst notes on Worthington Industries, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04012014/WOR/report.pdf
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CLARCOR Inc. Analyst Notes
On March 26, 2014, The CLARCOR Inc. (CLARCOR) announced that its Board of Directors has authorized and declared a regular quarterly dividend in the amount of $0.17 per share of common stock. The dividend is payable on April 21, 2014 to shareholders of record on April 7, 2014. The full analyst notes on CLARCOR Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04012014/CLC/report.pdf
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Carpenter Technology Corporation Analyst Notes
On March 27, 2014, Carpenter Technology Corp.'s (Carpenter) stock increased slightly by 0.42% to end the day at $65.19, compared to the previous day's closing price at $64.92. The Company's stock increased 5.50% over the past three trading months, compared to the Dow Jones Industrial Average which went down 1.30% and to the Standard & Poor's 500 which went up 0.41% during the same trading period. The full analyst notes on Carpenter Technology Corporation are available to download free of charge at:
http://www.AnalystsReview.com/04012014/CRS/report.pdf
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Nuverra Environmental Solutions, Inc. Analyst Notes
On March 10, 2014, Nuverra Environmental Solutions, Inc. (Nuverra) announced that it has entered into a definitive agreement to divest its Industrial Solutions segment, Thermo Fluids Inc. to VeroLube, Inc. (VeroLube). Under the terms of agreement, Nuverra will receive $165 million in cash and $10 million in VeroLube shares. Mark D. Johnsrud, Nuverra's CEO, said, "I am very pleased to enter into this definitive agreement, which is consistent with the strategy we have previously discussed to focus exclusively on growing our core shale environmental solutions business." He continued, "I believe the vertical integration and consolidation strategy that the VeroLube and Canaccord Genuity team is focusing on is very compelling, and Nuverra is excited to receive VeroLube equity as part of our payment consideration." The transaction is expected to close in Q2 2014. The full analyst notes on Nuverra Environmental Solutions, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04012014/NES/report.pdf
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