Companies Announce Second Quarter Financial Results - Research Report on Sherwin-Williams, Nucor, Steel Dynamics, Chemtura, and AK Steel

NEW YORK, July 29, 2013 /PRNewswire/ --

Today, Investors' Reports announced new research reports highlighting The Sherwin-Williams Company (NYSE: SHW), Nucor Corporation (NYSE: NUE), Steel Dynamics Inc. (NASDAQ: STLD), Chemtura Corporation (NYSE: CHMT), and AK Steel Holding Corporation (NYSE: AKS). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

The Sherwin-Williams Company Research Report

On July 18, 2013, Sherwin-Williams Company (Sherwin Williams) announced its Q2 2013 financial results.  The Company's consolidated net sales increased 5.5% YoY to approximately $2.7 billion in Q2 2013 due to higher paint sales volume in its Paint Stores Group. Diluted net income per common share in the quarter increased to $2.46 per share compared to $2.17 per share in Q2 2012, driven by improved operating results of the Paint Stores and Global Finishes Groups. Commenting on the results, Christopher M. Connor, Chairman and Chief Executive Officer, said, "The Paint Stores Group architectural volume growth was strong across all end market segments. Our Consumer Group minimized the impact on segment profit of the lost business through improved operating efficiencies. Our Global Finishes Group continues to improve its operating margins through improved operating efficiencies and good cost control. The Latin America Coatings Group is managing to improve its core operating margins through selling price increases and good cost control despite the difficult environment in which they are operating." The Company anticipates Q3 2013 consolidated net sales growth of 6% to 9% YoY, and estimated diluted net income per common share to range between $2.55 and $2.65. The Full Research Report on The Sherwin-Williams Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-24/SHW]

Nucor Corporation Research Report

On July 18, 2013, Nucor Corp. (Nucor) announced its Q2 2013 financial results. The Company reported consolidated net earnings of $85.1 million, or $0.27 per diluted share as compared to $112.3 million, or $0.35 per diluted share in Q2 2012. Consolidated net sales decreased 8.6% YoY to approximately $4.7 billion. Total tons shipped to outside customers were 5,839,000 tons, reflecting an increase of 2% QoQ and a decrease of 1% YoY. According to Nucor Executives, the Company expects to see a modest improvement in earnings for the Q3 2013 and also expects improvements in sheet steel pricing. The Company also expects to see increased earnings from its downstream businesses in the Q3 2013, continuing the upward trend observed in the Q2 2013. The Full Research Report on Nucor Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-24/NUE]

Steel Dynamics Inc. Research Report

On July 17, 2013, Steel Dynamics Inc. (Steel Dynamics) announced its Q2 2013 financial results. The Company reported net income of $29 million, or $0.13 per diluted share as compared to $44.5 million or $0.20 per diluted share in Q2 2012. "Specific to product pricing, the second quarter proved most challenging for our sheet and structural steel operations," said President and Chief Executive Officer, Mark Millett. "Slower anticipated economic growth in China coupled with suppressed economic growth in the European community influenced near-term market sentiment. The persistent uncertainty in the domestic economic environment continued to influence customer buying patterns as they maintained low inventory levels. Domestic oversupply, coupled with increased quarter-over-quarter steel imports, resulted in decreased quarterly selling values." The Full Research Report on Steel Dynamics Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-24/STLD]

Chemtura Corporation Research Report

On July 18, 2013, Chemtura Corp. (Chemtura) announced its preliminary Q2 2013 financial results. The Company reported estimated net sales of $735 million versus $741 million in Q2 2012. Adjusted EBITDA is estimated to be $109 million versus $118 million in Q2 2012. Craig A. Rogerson, Chairman, President and Chief Executive Officer of Chemtura, commented, "With the benefit of particularly strong sales in North America and in South America, Chemtura AgroSolutions delivered record performance despite the delayed start to the Northern Hemisphere growing season this year. Our other segments performed in line with the expectations we discussed in our June 6, 2013 press release, but encouragingly, each delivered modest improvements." The Company will discuss further details of its Q2 2013 performance on the release of its final results on July 30, 2013, after the market hours. The Full Research Report on Chemtura Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-24/CHMT]

AK Steel Holding Corporation Research Report

On July 23, 2013, AK Steel Holding Corp. (AK Steel) reported its Q2 2013 financial results. The Company reported net sales of $1.4 million on shipments of 1,323,700 tons compared to approximately $1.5 million on shipments of 1,335,800 tons in Q2 2012. Lower shipments to the carbon spot market and electrical steel market, and unplanned outage of the Middletown Works blast furnace caused 12,800 tons reduced shipments during the quarter, partially offset by increased shipments to the automotive market. The Company reported adjusted EBITDA of $47.5 million compared to $88.3 million in Q2 2012. "Excluding the blast furnace repair costs, both planned and unplanned, AK Steel's second quarter performance improved compared to our first quarter," said James L. Wainscott, Chairman, President and Chief Executive Officer of AK Steel. The Full Research Report on AK Steel Holding Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-24/AKS]

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