Materials Sector Earnings Recap Snapshot

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Bemis Company Inc. (NYSE:BMS) reported its results for the first quarter. Net income for Bemis Company Inc. fell to $44 million (42 cents per share) vs. $51.2 million (47 cents per share) a year earlier. This is a decline of 14.1% from the year-earlier quarter. Revenue fell 1.5% to $1.3 billion from the year-earlier quarter. Bemis Company Inc. reported adjusted net income of 49 cents per share. By that measure, the company beat the mean estimate of 47 cents per share. Analysts were expecting revenue of $1.32 billion.

Dow Chemical Co. (NYSE:DOW) reported its results for the first quarter. Net income for the chemicals-diversified fell to $497 million (35 cents per share) vs. $710 million (54 cents per share) a year earlier. This is a decline of 30% from the year-earlier quarter. Revenue fell 0.1% to $14.72 billion from the year-earlier quarter. Dow Chemical Co. reported adjusted net income of 61 cents per share. By that measure, the company beat the mean estimate of 59 cents per share. Analysts were expecting revenue of $15.01 billion.

Headwaters Incorporated (NYSE:HW) reported its results for the second quarter. Loss narrowed to $20.6 million (loss of 34 cents per diluted share) from $156.2 million (loss of $2.58 per share) in the same quarter a year earlier. Revenue rose 14.5% to $129.6 million from the year-earlier quarter. Headwaters Incorporated fell short of the mean analyst estimate of a loss of 26 cents per share. It beat the average revenue estimate of $113.1 million.

Vulcan Materials Company’s (NYSE:VMC) first quarter loss narrowed, beating estimates. Loss narrowed to $52.1 million (loss of 40 cents per diluted share) from $54.7 million (loss of 42 cents per share) in the same quarter a year earlier. Revenue rose 10% to $535.9 million from the year-earlier quarter. Vulcan Materials Company beat the mean analyst estimate of a loss of 44 cents per share. It beat the average revenue estimate of $517.8 million.

Eastman Chemical Co. (NYSE:EMN) reported its results for the first quarter. Net income for Eastman Chemical Co. fell to $158 million ($1.12 per share) vs. $240 million ($1.66 per share) a year earlier. This is a decline of 34.2% from the year-earlier quarter. Revenue rose 3.6% to $1.82 billion from the year-earlier quarter. Eastman Chemical Co. reported adjusted net income of $1.22 per share. By that measure, the company beat the mean estimate of $1.14 per share. It fell short of the average revenue estimate of $1.86 billion.

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