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BREAKING:Ryerson Provides First Quarter 2017 Guidance and Announces Conference Call to be Held on May 4, 2017

in finance/financial statements/Industrial/market revenue/metals by
Reading Time: 5 minutes

CHICAGO, April 6, 2017 /360WiseNews/ — Ryerson Holding Corporation (NYSE: RYI), a leading distributor and value-added processor of industrial metals, today provided guidance for its first quarter ending March 31, 2017. The Company anticipates higher revenue for the first quarter of 2017 compared to the fourth quarter of 2016 and the first quarter of 2016 with higher average selling prices and higher tons sold for the current quarter as compared to both periods. The Company expects first quarter 2017 net income attributable to Ryerson Holding Corporation in the range of $12 million to $15 million, which includes a range of $2 million of LIFO expense, net to $2 million of LIFO income, net.  Adjusted EBITDA, excluding LIFO is expected to be in the range of $53 million to $55 million for the first quarter of 2017. Ryerson reported first quarter 2016 net income attributable to Ryerson Holding Corporation of $14 million, which included LIFO income, net of $15 million. Adjusted EBITDA, excluding LIFO was $37 million in the first quarter of 2016. A reconciliation of Adjusted EBITDA, excluding LIFO to net income attributable to Ryerson Holding Corporation is included below in this news release.

Ryerson’s end markets as measured in shipments per day showed sequential quarterly growth in nearly all sectors. Ryerson experienced quarterly year over year growth in oil & gas, construction equipment, and food processing and agricultural equipment, while HVAC and metal fabrication and machine shop sectors experienced quarterly year over year demand declines.

Ryerson anticipates higher average selling prices in the first quarter of 2017, which can be attributed to supply side stabilization and global metal demand improvement. The rise in prices for metallurgical coal, Chinese iron ore, and steel scrap, combined with increased Chinese domestic steel consumption and positive U.S. industrial sentiment indicators have supported higher steel prices. Aluminum prices have steadily increased from September 2016 through the first quarter of 2017 on better than expected supply and demand fundamentals. Recent increases in chrome prices, driven by supply tightening, have positively impacted stainless steel prices in the first quarter of 2017, although nickel fundamentals have been volatile due to policy uncertainty in Indonesia and the Philippines, leading to some retracement of LME nickel prices in March 2017.

Current demand conditions appear favorable when viewed against the year ago period. U.S. industrial production grew 0.4% in February compared to the prior year, and has expanded for 3 straight months after 15 straight months of contraction. Manufacturing sentiment indicators, as measured by PMI, continue to show expansion for the U.S. and Chicago indices, with Chicago PMI reaching a 2 year high in March 2017. Further, year-to-date U.S. service center shipments were up 3.8% year over year in February 2017 according to the Metals Service Center Institute. Ryerson remains cautiously optimistic on demand for metal products in the first half of 2017 given these early performance indicators, as we see how positive sentiment ultimately converts to real demand for industrial metals.

Ryerson Holding Corporation’s First Quarter 2017 Conference Call Details

Ryerson also announced that it will host a conference call to discuss first quarter 2017 results on Thursday, May 4 at 10 a.m. Eastern Time. The live online broadcast will be available on the Company’s investor relations website, ir.ryerson.com. Ryerson will report earnings after the market closes on Wednesday, May 3.

 

DATE:           

Thursday, May 4, 2017

TIME:                    

10:00 a.m. ET / 9:00 a.m. CT

DIAL-IN:        

 877-201-0168 (Domestic) / 647-788-4901 (International)

CONFERENCE ID:         

2102975

 

An online replay of the call will be posted on the investor relations website, ir.ryerson.com, and remain available for 90 days.

Ryerson is a leading distributor and value-added processor of industrial metals, with operations in the United States, Canada, Mexico and China. Founded in 1842, Ryerson employs around 3,500 employees in approximately 100 locations. Visit Ryerson at www.ryerson.com.

Safe Harbor Provision

Certain statements made in this press release and other written or oral statements made by or on behalf of the Company constitute “forward-looking statements” within the meaning of the federal securities laws, including statements regarding our future performance, as well as management’s expectations, beliefs, intentions, plans, estimates or projections relating to the future. Such statements can be identified by the use of forward-looking terminology such as “believes,” “expects,” “may,” “estimates,” “will,” “should,” “plans” or “anticipates” or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy. The Company cautions that any such forward-looking statements are not guarantees of future performance and may involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of various factors. Among the factors that significantly impact the metals distribution industry and our business are: the cyclicality of our business; the highly competitive, volatile, and fragmented market in which we operate; fluctuating metal prices; our substantial indebtedness and the covenants in instruments governing such indebtedness; the integration of acquired operations; regulatory and other operational risks associated with our operations located inside and outside of the United States; work stoppages; obligations under certain employee retirement benefit plans; the ownership of a majority of our equity securities by a single investor group; currency fluctuations; and consolidation in the metals producer industry. Forward-looking statements should, therefore, be considered in light of various factors, including those set forth above and those set forth under “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2016 and in our other filings with the Securities and Exchange Commission. Moreover, we caution against placing undue reliance on these statements, which speak only as of the date they were made. The Company does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events or circumstances, new information or otherwise. Keep Reading

BREAKING: Drugs of Abuse Testing Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024

in drug abuse/Health/market revenue/research by
Reading Time: 3 minutes

NEW YORK, April 6, 2017 /360WiseNews/ — Global Drugs of Abuse Testing Market: Scope and Methodology

This report on the global drugs of abuse testing market analyzes the current and future prospects of the market. The report comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments and sub-segments.

Read the full report: http://www.reportlinker.com/p04589986/Drugs-of-Abuse-Testing-Market-Global-Industry-Analysis-Size-Share-Growth-Trends-and-Forecast.html

The research is a combination of primary and secondary research. Primary research formed the bulk of our research efforts along with information collected from telephonic interviews and interactions via e-mails. Secondary research involved study of company websites, annual reports, press releases, stock analysis presentations, and various international and national databases. The report provides market size in terms of US$ Mn for each segment for the period from 2015 to 2024, considering the macro and micro environmental factors. Growth rates for each segment within the global drugs of abuse testing market have been determined after a thorough analysis of past trends, demographics, future trends, technological developments, and regulatory requirements.

A detailed qualitative analysis of factors responsible for driving and restraining market growth and future opportunities has been provided in the market overview section. This section of the report also includes market attractiveness analysis that provides a thorough analysis of the overall competitive scenario in the global drugs of abuse testing market. Keep Reading

Family Fights to Stop Hewlett Packard and Insurer From Cutting Off Healthcare that Saves Father’s Life, According to Federal Lawsuit by Jonathan Davidson Law Firm

in Health/Insurance/lawsuits by
Reading Time: 2 minutes

RIVERSIDE, Calif., March 30, 2017 /360WiseNews/ — According to a lawsuit filed in the federal District Court in the Northern District of California in San Jose, the experience of one patient, Jonathan Davidson, puts a spotlight on the large companies Hewlett Packard Enterprise and United HealthCare seeking to manipulate healthcare payment systems by cutting off a patient’s life-saving care, as alleged in the lawsuit in which Mr. Davidson’s Jonathan Davidson Law Firm is representing him. Hewlett Packard Enterprise (HP) plans a merger this week with another giant computer services company, Computer Sciences Corporation, which has repeatedly been charged with systematically engaging in false or fraudulent practices in its business with Medicaid, the British National Health Service and others. In the merger, 120,000 or so HP employees are set to be “spun off” into a newly created HP-CSC merger company called “DXC Technology,” with their prior HP sponsored health plan replaced by a “private exchange model” adopted for its “lower cost structure” for HP.

According to Jonathan Davidson, his case exemplifies the abuses that victimize millions of ill patients, including employees and others with company or group medical coverage, and also the public and taxpayers through inflated medical and health insurance costs. Keep Reading

Online Auction For Luxury Coronado, CA Waterfront Estate Begins April 24

in auction/Partnership/real estate/realestate by
Reading Time: 3 minutes

Interluxe and Berkshire Hathaway Home Services Have Partnered to Sell One-Of-A-Kind Estate

CHARLOTTE, N.C., March 29, 2017 /360WiseNews/ — Offering luxury properties through online auction has proven to be successful for both buyer and seller.  Interluxe continues to represent the highest level of real estate in the country and this property is no exception. Interluxe, in partnership with Berkshire Hathaway HomeServices, California Properties, is auctioning an estate in Coronado, CA with over 160 ft. of waterfront footage and one of the largest boat slips in the Cays.  Previews begin on Thurs., April 20 and the online auction begins on Mon., April 24 at 9 a.m. EST.

Interluxe, the leading online luxury real estate marketplace, is a resource for agents, buyers and sellers.  As more and more home buyers become aware of the benefits of considering our services, they truly understand the benefit we bring to everyone.  Through an intensive marketing campaign, Interluxe is able to assist the agents by reaching buyers nationally and internationally, that might not have been aware of the property.  In addition, all buyers are offered a completely transparent bidding process, something a typical real estate transaction cannot offer.  The benefit to the seller is having a home show in a very short amount of time to only qualified bidders and a fast and easy closing process.

“Having worked in the luxury real estate auction business for over 18 years, my experience provided the benefit of seeing the market readiness for an online model,” said Stacy Kirk, director of client development for Interluxe.  “Consumers are looking for the best resource to provide them with the exact product they are searching for, all while taking the shortest amount of time.  Interluxe does just that while working with real estate agents to achieve our common goal for the seller, reach as many qualified buyers as possible and provide a streamlined and transparent process to buy the home of your dreams.”

As soon as you enter the property you are greeted by a floating glass main staircase that centers the open floorplan, that includes five en-suite bedrooms, many with gas fireplaces and balconies and an 875 square-foot master bedroom with a separate lounge area separated by an exposed fireplace.  A 4,700-bottle wine cellar, an exercise room with sauna and steam room, and a roof top deck to watch the waterfront sunsets, are just a few of many luxuries included in this private home.  In addition to the 160 feet of water frontage, a wrap-around pool with swim up bar and secluded spa only add to the outdoor experience of the home. Keep Reading

Vector to Conduct Upcoming Flight Test This Summer in Camden County, Georgia

in Press Release/research market/rocket launch/Technology by
Reading Time: 2 minutes

Agreement with Spaceport Camden supports flight test of the Vector-R to further develop technology, launch vehicle design

TUCSON, Ariz., March 29, 2017 /360WiseNews/ — Vector, a micro satellite space launch company comprised of new-space and enterprise software industry veterans from SpaceX, Virgin Galactic, McDonnell Douglas, Sea Launch and VMware, today announced an agreement with Spaceport Camden to conduct a sub-orbital flight test of Vector’s full-scale launch vehicle, the Vector-R, as early as this summer. This near-term flight test in Camden County, Georgia, is part of a series of incremental launches which will enable Vector to validate technology, mature launch vehicle design and operations, and evaluate candidate launch sites for the future.

“Building on years of research, Vector is continuing to work towards the next technical milestone in our development plan,” said John Garvey, co-founder and Chief Technology Officer of Vector. “Spaceport Camden’s support of Vector’s flight test will not only validate the engineering and technology behind our mission, but also propel Vector closer to an orbital capacity.”

This past Friday, the Camden County Board of Commissioners and County Administrator Steve Howard welcomed Vector to the future site of Spaceport Camden to conduct an initial set of ground operations on its full-scale Mechanical Engineering Unit (MEU) of the Vector-R rocket and the associated Transporter-Erector-Launcher (TEL). The visit was an opportunity to showcase the Vector-R launch system and concept of operations (CONOPS) to key members of the spaceport community, stimulate discussions regarding future launch operations and familiarize Vector personnel with Spaceport Camden.

“Vector is an ideal partner for Spaceport Camden,” said County Administrator and Spaceport Camden Project Lead, Steve Howard. “The small satellite market is already a $2.2 billion sector of the space economy and expected to grow to $5.3 billion over the next 5 years. Vector is a leader in this emerging market and we hope Camden County will be the home of not only Vector, but dozens of small satellite manufacturers, technology support providers, and sub-component suppliers.”

About Vector
Founded by the original SpaceX founding team, Vector is a disruptive company that connects space startups and innovators with affordable and reliable launch services, enabling platforms and vehicles to access space at a price never before possible. For more information, visit http://www.vectorspacesystems.com/. Keep Reading

Heritage Financial Announces Earnings Release Date and Conference Call

in financial statements/Press Release by
Reading Time: 1 minute

OLYMPIA, Wash., March 29, 2017 /360WiseNews/ — Heritage Financial Corporation  (“Company” or “Heritage”) (Nasdaq: HFWA) anticipates issuing its first quarter 2017 earnings release on Wednesday, April 26, 2017 before the market opens.  The Company has scheduled a telephone conference call to discuss the first quarter 2017 earnings on Wednesday, April 26, 2017 at 10:00 a.m. Pacific time (1:00 p.m. Eastern time).

To access the conference call, call the numbers listed below:

The conference call will be recorded and will be available approximately two hours after the live conference call for replay twenty-four hours a day ending May 10, 2017.  Questions regarding the conference call may be directed to Kaylene Lahn at 360-943-1500. Keep Reading

Connor Slocombe From Eagle River, AK Wins The 2017 National Odor-Eaters® Rotten Sneaker Contest®

in award/sneakers by
Reading Time: 2 minutes

NEW YORK, March 28, 2017 /360WiseNews/ — This year seven participants from across the country worked hard to stink up their shoes for a chance to win the national title at the Odor-Eaters Rotten Sneaker Contest held at Ripley’s Believe It Or Not! Times Square.  The regional winners admitted to wearing no socks, stepping in slop of all sources, and even claimed it was just their “sweet girly essence”, but only one pair of sneakers out-stunk them all and they belonged to 12-year old, Connor, from Eagle River, AK.

Experience the interactive Multimedia News Release here: https://www.multivu.com/players/English/8030451-odor-eaters-rotten-sneaker-contest-2017/

For more than 40 years, the Odor-Eaters Rotten Sneaker contest has celebrated kids’ active lives – that is, the truly offensive-smelling footwear resulting from so many of the things kids like to do! Today, kids from all over the U.S. look forward to showing off their foul-smelling sneakers for a chance to win a trip to New York for the national competition. This event is the ultimate test – the worst of the worst – and each year demonstrates how smelly kid’s sneakers can get while they’re doing what they enjoy.  This year’s contestants had to work hard to win over the judges because our veteran panel knows what it takes to win this competition.  Our professional judges include NASA “Master Sniffer” George Aldrich, Chemical Specialist for NASA space missions, and Rachel Herz, Ph.D., an expert and author on the psychology of smell. Our newest judges, Greg Mocker from WPIX 11 and Buck Wolf from the Huffington Post were up for the task as they joined the other experts this year.

This year Connor was the grand prize winner of $2,500, out-stinking other contestants including Shannon Winckler (Wheaton, IL), Kailyn Casiano (Rutland, VT), Nora Sheirbon (Denver, CO), Vito Mendez (White Sands, NM), Braylon Guy (Aurora, Colorado), and Stone Lowe (Bristol, CT). The champion confessed that his sneakers got dirty and smelly because he steps into a lot of animal poop on his aunt’s farm.  He also loves fishing and camping which gets him into a lot of stinky situations. Keep Reading

Alaska Airlines’ California growth continues, adding six new nonstop routes from San Diego

in global/Press Release/Today In History/Travel by
Reading Time: 2 minutes

Alaska is the fastest-growing airline in San Diego with 40 daily departures to 28 destinations

Update: Previous version of news release issued contained an incorrect start date for San Diego-Omaha route.

SAN DIEGO, March 15, 2017 /360WiseNews/ — Alaska Airlines today announced increased investment in Southern California by adding service to six new destinations from San Diego International Airport. New nonstop service includes daily flights to Albuquerque, New Mexico; Austin, Texas; Kansas City, Missouri; Minneapolis/St. Paul; Omaha, Nebraska; and St. Louis. By late August, Alaska will fly 40 daily departures to 28 destinations from San Diego, including the most nonstop flights to Mexico and Hawaii.

Alaska is quickly establishing itself as the go-to airline for people on the West Coast. Today’s news comes on the heels of Alaska’s announcement last week adding 13 nonstop routes from the Bay Area – the single largest announcement in company history.

“Alaska Airlines has grown more than any other carrier in San Diego over the last five years, with the addition of 18 nonstop destinations and nearly twice as many departing seats,” said John Kirby, vice president of capacity planning at Alaska Airlines. “We want to thank Airport Authority President and CEO Thella Bowens and her terrific team for their partnership. Without Thella’s strong leadership and support over the years, our growth wouldn’t have been possible.”

The new flights build on previously announced routes, which include daily nonstop flights between San Diego and Baltimore starting today, three-times-daily service between San Diego and Sacramento starting tomorrow, and daily service between San Diego and Mexico City. Flight schedules for Mexico City will be announced in the coming months, pending government approval.

From San Diego, guests can make convenient connections to Tokyo and London, served by partner carriers Japan Airlines and British Airways, while enjoying the benefits of Alaska’s award-winning customer service and loyalty program. Keep Reading

All-New Zero-Emissions-Capable London Taxi Tested to Extremes in Arctic Circle

in automotive/global/international/Press Release/Travel by
Reading Time: 2 minutes

COVENTRY, England, March 6, 2017 /360WiseNews/ — New pictures from London Taxi Company (LTC) demonstrate part of the extreme testing programme the all-new electric black cab is undergoing.

Under way now in the lower reaches of the Arctic Circle, the regime to check the vehicle performance in even the harshest conditions will only get more stringent over the coming weeks, with the taxi set to be cooled down in giant fridges to -49°C.

These checks seek to guarantee that the vehicle will always start, perform and enjoy class-leading electric battery powered range in the harshest of temperatures. The new range extended electric taxi will also undergo similar endurance testing in extreme heat environments before it is deemed ready for sale.

Quality Director Wolfram Liedtke explains: “Our new taxi is being developed with two key engineering principles – quality and endurance, to meet the needs of the demanding taxi duty cycle.  We soon commit the product to series production at our all-new manufacturing facility in Ansty, near Coventry.  It will be, without doubt, the highest quality and resilient product in London Taxi’s 98 year history.”

The testing programme also serves to check the quality of driver and passenger experience in extreme conditions. This means checking that cab heating and ventilation continue to perform to the highest standards – no matter how bitter or oppressive the temperature outside.

Driving experience is also checked – with the impact of grip, drivability and visibility tested to extremes.  LTC engineers can then make adjustments to ensure that passengers and drivers have the best and most comfortable experience, regardless of the conditions outside.

Steve McNamara, General Secretary at the Licensed Taxi Drivers Association, says: “This new clean, modern, 21st century vehicle will ensure that the world’s best cab drivers now have the best tool for the job.”

London Taxi Company CEO, Chris Gubbey, says: “Given these extremes of testing – we are demonstrating that our vehicle will be a taxi for London and the world over, capable and at home in any city.”

LTC is due to open its new facility on the 22nd March 2017 thanks to a £300 million-pound investment from parent company Geely.

http://london-taxis.co.uk

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/all-new-zero-emissions-capable-london-taxi-tested-to-extremes-in-arctic-circle-300418590.html

SOURCE London Taxi Company

Global Exhibition Industry (By Value, By Rented Space, By Country): Grew at a CAGR of 3.5% in the Period 2011-2015 – Research and Markets

in Press Release/research market/Technology/Travel by
Reading Time: 2 minutes

DUBLIN, Mar 02, 2017 /360WiseNews/ —

Research and Markets has announced the addition of the “Global Exhibition Industry (By Value, By Rented Space, By Country): Trends, Opportunities and Forecasts (2016-2021)” report to their offering.

Research and Markets Logo

The global exhibition industry grew at a CAGR of 3.5% in the period 2011-2015. The report suggests that the market is expected to grow at a CAGR of 5.07% by 2021.

A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report presents the analysis of the global Exhibition Industry market on the basis of value and by rented space for the regions (USA, Europe, APAC, ROW) and for Countries (USA, UK, Germany, France, China, India, Hong Kong, Brazil).

The exhibition market is driven by surging expansion in the developing economies. The market is gaining momentum with the increased government initiatives to boost the domestic industries. Moreover the developed regions with a high percentage of participants have been the primary drivers for exhibitions; this will present the market with huge growth opportunity and potential in near future.

In terms of region, APAC has the fastest growth rate of Exhibition Market and holds more growth opportunities accompanied with growth potential in Hong Kong, China and Indian Market. Keep Reading

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