NEW YORK, July 3, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Martin Marietta Materials, Inc. (NYSE: MLM), Rayonier Inc. (NYSE: RYN), PulteGroup, Inc. (NYSE: PHM), Owens Corning (NYSE: OC) and PGT, Inc. (NASDAQ: PGTI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/4416-100free.
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Martin Marietta Materials, Inc. Analyst Notes
On June 23, 2014, Martin Marietta Materials, Inc. (Martin Marietta) announced that it intends to offer $700 million aggregate principal amount of senior notes, comprised of floating rate senior notes due 2017 and fixed rate senior notes due 2024. The Company intends to use the proceeds from the offering, together with cash on hand and drawings under its trade receivables facility and/or its revolving credit facility, to redeem all $650 million in principal amount of Texas Industries, Inc.'s (TXI) outstanding 9 % Senior Notes due 2020, upon consummation of the previously announced merger between TXI and Project Holdings, Inc., Martin Marietta's wholly-owned subsidiary. The full analyst notes on Martin Marietta are available to download free of charge at:
http://www.analystsreview.com/Jul-03-2014/MLM/report.pdf
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Rayonier Inc. AnalystNotes
On June 30, 2014, Rayonier Inc. (Rayonier) announced that it has completed the spin-off of Rayonier Advanced Materials Inc. (Rayonier Advanced Materials), which is now a new independent specialty chemicals company. The Company informed that the spin-off was effected by means of a tax-free spin-off of 100% of the common stock of Rayonier Advanced Materials to Rayonier shareholders of record as of the close of business on June 18, 2014. The full analyst notes on Rayonier are available to download freeof charge at:
http://www.analystsreview.com/Jul-03-2014/RYN/report.pdf
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PulteGroup, Inc. Analyst Notes
On June 26, 2014, PulteGroup, Inc. (PulteGroup) announced that it intends to release its Q2 2014 financial results on July 24, 2014, before the market opens. On the same day, the Company has scheduled a conference call at 8:30 a.m. ET to discuss the results. The full analyst notes on PulteGroup are available to download free of charge at:
http://www.analystsreview.com/Jul-03-2014/PHM/report.pdf
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Owens Corning Analyst Notes
On June 20, 2014, Owens Corning reported that it has lowered its full-year 2014 earnings outlook on the back of continued volume weakness in the Company's roofing business. Previously, the Company had expected to deliver $500 million in adjusted EBIT for full-year 2014. Owens Corning stated that the weakness in roofing volumes experienced in Q1 2014 continued through April and May, leading the Company to estimate that roofing volumes for H1 2014 may be 20% lower than H1 2013 volumes. Further, the Company noted that it expects to recover a portion of said volume shortfall in H2 2014. However, Owens Corning also noted that continued weakness in Q2 2014 has built further uncertainty in the full-year 2014 financial outlook for the Company's roofing business. The Company now expects full-year 2014 adjusted EBIT to be greater than full-year 2013's $416 million. The Company's Q2 2014 results will be reported on July 23, 2014, before the opening of the NYSE, followed by a conference call at 11:00 a.m. ET. The full analyst notes on Owens Corning are available to download free of charge at:
http://www.analystsreview.com/Jul-03-2014/OC/report.pdf
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PGT, Inc. Analyst Notes
On June 30, 2014, PGT, Inc. (PGT) announced that it intends to release its Q2 2014 earnings results on July 30, 2014, after the close of market. On the following day, July 31, 2014, the Company has scheduled a conference call at 10:30 a.m. ET to discuss the results. The teleconference will be hosted by PGT Chairman of the Board and CEO, Rod Hershberger; President and COO, Jeff Jackson; and Vice President and CFO, Brad West. The full analyst notes on PGT are available to download free of charge at:
http://www.analystsreview.com/Jul-03-2014/PGTI/report.pdf
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