Scotts Miracle-Gro Co (NYSE:SMG): With 70% of its commodity costs now locked for the year including approximately 90% of urea the company said it remains confident with earlier estimates of approximately $80M in commodity inflation for FY12. Gross margin rate for the year is expected to decline from 2011 and SG&A and interest expense will likely be higher.

The shares closed at $52.96, up $3.91, or 7.97%, on the day. Its market capitalization is $3.23 billion.

Mueller Industries, Inc. (NYSE:MLI) said “Our business outlook for FY12 remains positive. We have successfully navigated from the 2009 downturn with two consecutive years of improvements in operations and earnings. Our financial condition remains strong and we have major capital improvement projects in progress that we believe will strengthen us for the future. We believe the construction industry will start to rebound in 2012. We anticipate a modest increase in new housing starts as well as an upturn in the non-residential market.”

The shares closed at $48.70, up $2.03, or 4.35%, on the day. Its market capitalization is $1.86 billion.

ArcelorMittal (NYSE:MT): Sees further reduction in net debt anticipated with a focus on working capital management and non-core asset divestments, per the company’s stated objective to retain its investment grade credit rating.

The shares closed at $22.17, up $0.73, or 3.4%, on the day. Its market capitalization is $34.34 billion.

RTI Intl. Metals, Inc. (NYSE:RTI): Assuming that the acquisition of Remmele Engineering will close by the end of this quarter, RTI would expect consolidated net sales to exceed $700M for 2012. Total mill product shipments are expected to range between 15.5 and 16.0 million pounds. Operating income for the year is expected to range between $45M-$50M, prior to any purchase accounting adjustments associated with the Remmele acquisition. Capital expenditures are expected to be in the range of $65M-$75M for the year.

The shares closed at $24.13, down $3.15, or 11.55%, on the day. Its market capitalization is $728.49 million.

Louisiana-Pacific Corp. (NYSE:LPX): “Recently, we have seen some hopeful signs of growth in the North American housing market, which is good news,” stated CEO Rick Frost. “Because the economy is still fragile, with slow job growth and little progress made to address our country’s underlying fiscal issues, we are planning on a slow recovery in 2012. Fortunately, our financial situation allows us to be prepared to satisfy market demand if housing is better than we expect,” concluded Frost.

The shares closed at $8.26, down $0.62, or 6.98%, on the day. Its market capitalization is $1.13 billion.

Cliffs Natural Resources (NYSE:CLF): No North American miner is a cheaper takeover candidate than Cliffs Natural Resources (NYSE:CLF) which sells for 6.4 times its cash from operations, after deducting capital expenses, according to data compiled by Bloomberg. That’s less than every other metals or mining company in the U.S. or Canada exceeding $5B in market value, and a 70% discount to the median, and is also the least expensive relative to its estimated net income this year and next, the data show, Bloomberg reports.

The shares closed at $75.51, up $0.52, or 0.69%, on the day. Its market capitalization is $10.80 billion.

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To contact the reporter on this story: Stella Mariz at staff.writers@wallstcheatsheet.com

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

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