Century Aluminum (CENX) released its 2Q17 financial results on August 2 after the markets closed. The company reported revenues of $2.86 billion in 2Q17.
Arconic (ARNC) reported its 2Q17 earnings on July 25. The company reported revenues of $3.3 billion in 2Q17, a 0.8% rise compared to 1Q17.
Alcoa (AA) reported its 2Q17 financial results on July 19 after the markets closed. The company reported revenues of $2.86 billion in 2Q17 versus $2.66 billion in 1Q17 and $2.32 billion in 2Q16.
Earnings season for 2Q17 is nearly over. Most aluminum producers have reported their quarterly earnings.
At 7:15 AM EST on August 10, the West Texas Intermediate crude oil futures contracts for September 2017 delivery were trading at $49.89 per barrel.
Scotts Miracle-Gro announced a 6% dividend increase to $0.53 per quarter from $0.5 per quarter. It has consistently raised its dividend in the past.
During 3Q17, Scotts Miracle-Gro’s (SMG) margins saw some expansion YoY. The company’s sales growth of 8% helped the margin expansion.
During 3Q17, Scotts Miracle-Gro’s overall sales rose 8% YoY (year-over-year) to $1.08 billion from $994 million in 3Q16.
Scotts Miracle-Gro (SMG) announced its recent earnings on August 1, 2017. The company reported EPS (earnings per share) of $2.53 without adjustments.
Albemarle’s (ALB) Refining Solutions is the company’s lowest revenue generator, accounting for 25.0% of its total revenues in 2Q17 compared to 26.6% in 2Q16.
Albemarle’s (ALB) Lithium and Advanced Materials segment is the company’s largest revenue contributor, accounting for 43.1% of ALB’s total revenues in 2Q17 compared to 64.9% in 2Q16.
Albemarle’s (ALB) Bromine Specialties segment is the company’s second-largest revenue contributor, accounting for 27.7% of ALB’s total revenues in 2Q17 compared to 30.9% in 2Q16.
ALB has guided its fiscal 2017 revenues to be in the range of ~$2.9 billion–$3.1 billion.
Albemarle (ALB) announced its 2Q17 earnings on August 7. ALB reported adjusted earnings per share of $1.13, an increase of 21.5% on a year-over-year basis.
Currently, Vale (VALE) has a forward EV-to-EBITDA multiple of 4.3x, ~40% lower than its last-five-year average multiple.
According to the data compiled by Thomson Reuters, 36.4% of Wall Street analysts recommend a “buy” on Vale (VALE).
While investors are happy about Vale’s (VALE) production and cost progress, high debt still remains its Achilles’s heel.
As we saw in the previous two parts of this series, Vale’s (VALE) iron ore and coal production increased sequentially in 2Q17.
After rising 54% sequentially in 1Q17, Vale’s (VALE) coal (KOL) production rose 24.8% quarter-over-quarter in 2Q17 to 3.0 million tons.
Vale’s (VALE) ferrous division accounted for ~82%.0% of its adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) in 2Q17.