Recovery of Housing Markets, Price Increases & Improved Economic Conditions Support Growth - Research Report on Owens Corning,

 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]

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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]

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