Recovery of Housing Markets, Price Increases & Improved Economic Conditions Support Growth - Research Report on Owens Corning, ATI, A.O. Smith, Lennox International, and Woodward Editor Note: For more information about this release, please scroll to bottom PR Newswire NEW YORK, July 29, 2013 NEW YORK, July 29, 2013 /PRNewswire/ -- Today, Investors' Reports announced new research reports highlighting Owens Corning (NYSE: OC), Allegheny Technologies Incorporated (NYSE: ATI), A. O. Smith Corporation (NYSE: AOS), Lennox International Inc. (NYSE: LII), and Woodward Inc. (NYSE: WWD). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. Owens Corning Research Report On July 24, 2013, Owens Corning (Owens Corning) reported its Q2 2013 financial results. Consolidated net sales declined 3.2% YoY to approximately $1.3 billion. Net earnings attributable to the Company's shareholders were $49 million or $0.41 per diluted share in Q2 2013, compared to $39 million or $0.32 per diluted share in Q2 2012. Owens Corning Chairman and CEO Mike Thaman said, "We are pleased with our progress in the second quarter and the first half of 2013, with strong margin performance in our Roofing business, price increases and operating leverage in Insulation, and improved performance in Composites. We expect improvement in all three businesses for the full year 2013." The Company also informed that it will release its Q3 2013 results on 23 October, 2013 and an investor call will be conducted on the same day at 11a.m. ET. The Full Research Report on Owens Corning - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-25/OC] -- Allegheny Technologies Incorporated Research Report On July 24, 2013, Allegheny Technologies Incorporated (ATI) reported its Q2 2013 financial results. Net sales declined 16.3% YoY to approximately $1.1 billion. Net income attributable to ATI was $4.4 million or $0.04 per diluted share in Q2 2013, compared to $56.4 million or $0.50 per diluted share in Q2 2012. Rich Harshman, Chairman, President and CEO, said, "Challenging conditions in many of our end markets continued during the second quarter 2013. Lackluster global demand for standard stainless and grain-oriented electrical steel products combined with excess global supply and falling raw material surcharges for stainless resulted in continuing pricing pressure and reduced margins on these products."The Full Research Report on Allegheny Technologies Incorporated - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-25/ATI] -- A. O. Smith Corporation Research Report On July 24, 2013, A.O. Smith Corporation (A.O. Smith) announced its financial results for Q2 2013. Net sales increased 13.4% YoY to $549.1 million. Net earnings were $42.1 million or $0.45 per diluted share in Q2 2013, compared to net earnings of $35 million or $0.38 per diluted share in Q2 2012. A.O. Smith President and CEO Ajita G. Rajendra said, "Our North American operations continued to benefit from improved economic conditions and the recovery of the new housing market in the U. S. The improved market conditions impacted both our residential water heater and boiler product lines. A. O. Smith branded product sales in China increased approximately 35 percent in the second quarter, surpassing our expectations." He continued, "Our team in China continues to do an excellent job of growing the business and serving our customers in that important region of the world." The Full Research Report on A. O. Smith Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-25/AOS] -- Lennox International Inc. Research Report On July 22, 2013, Lennox International Inc. (Lennox International) reported its financial results for Q2 2013. Net sales increased 8.7% YoY to $913.1 million. Revenue from the Company's Residential Heating & Cooling business segment increased 15.6% YoY to $476.2 million, while Commercial heating and cooling segment reported Q2 2013 sales of $229.6 million, up 3.7% YoY. Net income was $64.3 million or $1.26 per diluted share in Q2 2013 compared to net income of $44.7 million or $0.87 per diluted share in Q2 2012. Todd Bluedorn, Lennox International Chairman and CEO, said, "The company's strong business momentum continued in the second quarter, with revenue up 9% and total segment profit margin up 200 basis points to a record level of 11.6%." The Company also updated its 2013 revenue growth guidance from previous range of 3% to 6% to new target of 6% to 8%. The Full Research Report on Lennox International Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-25/LII] -- Woodward Inc. Research Report On July 24, 2013, Woodward Inc. (Woodward) announced that the Company's Board of Directors has accepted a stock repurchase program, under which up to $200 million in shares may be purchased in the open market and through private transactions. The Company said that the current stock repurchase program, which was finalized for the same amount and was scheduled to expire in July 2013, has been cancelled and will be replaced by the new program. The new share repurchase program is set to expire on July 2016. Robert F. Weber Jr., Chairman, CFO, and Treasurer of Woodward, said, "The new stock repurchase program preserves our flexibility to strategically use our cash flow to repurchase Woodward shares and return cash to shareholders."In another announcement on July 24, 2013, Woodward stated that the Company's Board of Directors approved a quarterly cash dividend of $0.08 per share, payable on September 3, 2013, to stockholders of record as of August 20, 2013. The Full Research Report on Woodward Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-25/WWD] ---- EDITOR NOTES: 1.This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2.Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. 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Recovery of Housing Markets, Price Increases & Improved Economic Conditions Support Growth - Research Report on Owens Corning,
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