2 Companies With Active Shares Following Earnings

AK Steel Holding Corp (NYSE:AKS) reported its results for the fourth quarter. Loss widened to $193.9 million ($1.76 per diluted share) from $98.3 million (loss of 89 cents per share) in the same quarter a year earlier. Revenue rose 8.5% to $1.51 billion from the year earlier quarter. AKS reported an adjusted net loss of 26 cents per share. By that measure, the company beat the mean analyst estimate of a loss of 39 cents per share. Analysts were expecting revenue of $1.48 billion.

“The economic recovery we’ve been anticipating for several years simply did not fully materialize in 2011 and we endured another round of raw material price increases,” said James L. Wainscott, Chairman, President and Chief Executive Officer of AK Steel. “However, we made significant strides towards becoming more self-sufficient in raw materials – moves that will greatly improve our cost structure in the future.”

Competitors to Watch: Steel Dynamics, Inc. (NASDAQ:STLD), United States Steel Corp. (NYSE:X), Nucor Corporation (NYSE:NUE), Ternium S.A. (NYSE:TX), Commercial Metals Company (NYSE:CMC), Universal Stainless & Alloy Products (NASDAQ:USAP), Allegheny Tech. Inc. (NYSE:ATI), Ampco-Pittsburgh Corp. (NYSE:AP), ArcelorMittal (NYSE:MT), and Schnitzer Steel Industries, Inc. (NASDAQ:SCHN).

Cooper Industries plc. (NYSE:CBE) reported net income above Wall Street’s expectations for the fourth quarter. Net income for the conglomerate rose to $159.9 million ($1 per share) vs. $141.9 million (85 cents per share) in the same quarter a year earlier. This marks a rise of 12.7% from the year earlier quarter. Revenue tose 9% to $1.37 billion from the year earlier quarter. CBE beat the mean analyst estimate of 95 cents per share. Analysts were expecting revenue of $1.35 billion.

“Our Company-wide strategic initiatives and proven business model now have delivered eight quarters of double-digit earnings per share growth. Our new product vitality, which represents revenues from sales of products developed in the last three years, was a record 29% of total revenue and our percentage of sales derived from outside the United States reached a record 40%. Our longer cycle and international businesses produced solid results in the face of macro uncertainty, while demand from non-residential and residential construction markets remains stable,” said Cooper Industries Chairman and Chief Executive Officer Kirk S. Hachigian.

Competitors to Watch: Acuity Brands, Inc. (NYSE:AYI), TE Connectivity Ltd. (NYSE:TEL), Thomas & Betts Corporation (NYSE:TNB), Dover Corporation (NYSE:DOV), Orion Energy Systems, Inc. (NYSE:OESX), Danaher Corporation (NYSE:DHR), Nexxus Lighting, Inc. (NASDAQ:NEXS), and Littelfuse, Inc. (NASDAQ:LFUS).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com