23.07.2013 14:00:00
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Pricing of Secondary Public Offerings, Quarterly Results, and Company Restructurings - Research Report on Berry Plastics, Goodyear Tire & Rubber, MeadWestvaco, Sonoco Products, and Myers Industries
NEW YORK, July 23, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Berry Plastics Group, Inc. (NYSE: BERY), Goodyear Tire & Rubber Co. (NASDAQ: GT), MeadWestvaco Corporation (NYSE: MWV), Sonoco Products Co. (NYSE: SON), and Myers Industries Inc. (NYSE: MYE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Berry Plastics Group, Inc. Research Report
On July 17, 2013, Berry Plastics Group, Inc. (Berry Plastics) announced the pricing of an earlier announced secondary public offering of 15 million shares of the Company's common stock by certain funds affiliated with Apollo Global Management, LLC and certain funds affiliated with Graham Partners, Inc. (collectively known as the Selling Stockholders) at $21.63 per share. The Company itself is not selling any shares and will not receive any proceeds from the offering, and that the offering will not change the number of shares of the currently outstanding Company's common stock. According to the Company, the underwriters will have a 30-day option to purchase up to an additional approximately 2.3 million shares of common stock from the selling stockholders. Subject to customary closing conditions, the offering is currently expected to close on July 23, 2013. Acting as joint book-running managers for the offering are Citigroup, BofA Merrill Lynch, Deutsche Bank Securities, Goldman, Sachs & Co., Credit Suisse, Baird, and Barclays. Acting as co-managers for the offering are SunTrust Robinson Humphrey, Wells Fargo Securities, and Apollo Global Securities. The Full Research Report on Berry Plastics Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/cab7_BERY ]
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Goodyear Tire & Rubber Co. Research Report
On July 16, 2013, Goodyear Tire & Rubber Co. (Goodyear) announced that the Company will release Q2 2013 financial results on Tuesday, July 30, 2013 - followed by an investor conference call at 9:00 a.m.Richard J. Kramer, Chairman and CEO, and Darren R. Wells, Executive Vice President and CFO, will be present at the conference call. Interested parties will have access to the conference call via the Company website or through dial-in details before 8:55 a.m. on July 30, 2013. A replay can be accessed later that day through dial-in details provided by the Company, whereas it will remain accessible through the Company website. The Full Research Report on Goodyear Tire & Rubber Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/2caa_GT ]
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MeadWestvaco Corporation Research Report
On June 26, 2013, MeadWestvaco Corporation (MWV) announced that the Company will release its Q2 2013 results on Tuesday, July 30, 2013, before the market opens. The Company will be hosting a Q2 2013 results conference call Tuesday, July 30, 2013, at 10:00 a.m. ET. The event will be hosted by John A. Luke, Jr., Chairman and CEO; James A. Buzzard, President; E. Mark Rajkowski, CFO; and Jason Thompson, Director, Investor Relations. A link to the live webcast of the conference call, presentation slides, and news release may be accessed on MWV's website via the Investors page. The Full Research Report on MeadWestvaco Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/01e4_MWV ]
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Sonoco Products Co. Research Report
On July 18, 2013, Sonoco Products Co. (Sonoco) released Q2 2013 financial results (period ending June 30, 2013). GAAP earnings per diluted share were $0.53, as compared to $0.50 in Q2 2012. Q2 2013 net sales were $1.23 billion, a 2% YoY increase. Jack Sanders, Sonoco President and CEO, commented, "Overall, we're pleased with our results for the quarter. We were able to achieve records in sales and gross profits, while delivering base earnings near the high end of our guidance. Despite challenging global economic conditions, base earnings benefited from volume gains, productivity improvements and a positive price/cost relationship. These positive factors were partially offset by higher labor, pension and other operating costs and a higher effective tax rate on base earnings." Sonoco also expects Q3 2013 and full-year 2013 base earnings to be in the range of $0.59 to $ 0.63 per diluted share and $ 2.26 to $ 2.32 per diluted share, respectively. The Full Research Report on Sonoco Products Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0e41_SON ]
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Myers Industries Inc. Research Report
On July 18, 2013, Myers Industries Inc. (Myers) announced that the restructuring has reached the second phase - which includes the closure of the Company's Waco, Texas plant. According to the Company, nearly 75 employees will be affected by this action, whereas a number of employees will be transferred to remaining Myers Industries Lawn & Garden Group operations. According to Plant Manager Robert Burkhart, "The Waco team has made progress in its ability to competitively service the market, but has been disadvantaged by its geographic location in relationship to the customers." The Company also assured employees that it will make every effort to help them through this transition. The Full Research Report on Myers Industries Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/3d87_MYE ]
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SOURCE Analysts' Corner
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Aktien in diesem Artikel
Berry Plastics Group Inc | 64,50 | -1,53% | |
Goodyear Tire & Rubber Co. | 9,57 | -0,58% | |
Myers Industries Inc. | 12,30 | 2,93% | |
Sonoco Products Co. | 49,20 | -1,60% |