U.S. Movers: Alcoa, Schulman, AngioDynamics, Mistras, Zep

Mukesh Buch
09 Apr, 2013
New York City

Alcoa first quarter net surged 59% to $149 million and A. Schulman second quarter net soared 33%. AngioDynamics said third quarter net loss narrowed. Mistras Group third quarter net dropped 9%. Zep second quarter net climbed 15%.

[R]11:15 AM New York – Alcoa first quarter net surged 59% to $149 million and A. Schulman second quarter net soared 33%. AngioDynamics said third quarter net loss narrowed. Mistras Group third quarter net dropped 9%. Zep second quarter net climbed 15%.[/R]

Alcoa Inc. ((AA)) rose 5 cents to $8.39 after the aluminum producer stated sales in the first quarter ending in March plunged 3% to $5.8 billion. Net income in the quarter surged 59% to $149 million or 13 cents a diluted share compared to $94 million or 9 cents.

A. Schulman, Inc. ((SHLM)) plunged 12.8% or $3.82 to $25.93 after the plastic products supplier said net sales in the second quarter ending on February 28 jumped 5% to $522.4 million. Net income in the quarter soared 33% to $12 million or 40 cents a diluted share compared to $9 million or 31 cents.

The company added operating income in the quarter dropped 32% to $9.3 million.

AngioDynamics, Inc. ((ANGO)) declined 5.1% or 55 cents to $10.05 after the medical equipments supplier reported net sales in the third quarter ending on February 28 climbed 58% to $81.6 million. Net loss in the quarter narrowed to $1 million or 3 cents a diluted share compared to $1.8 million or 7 cents.

The company added gross profit in the quarter jumped 41% to $41 million.

Mistras Group, Inc. ((MG)) tumbled 10.9% or $2.61 to $21.28 after the software company reported revenues in the third quarter ending on February 28 climbed 29% to $133.7 million. Net income in the quarter dropped 9% to $2.75 million or 9 cents a diluted share compared to $3.03 million or 11 cents.

The company added gross profit in the quarter climbed 13% to $34 million.

Zep Inc. ((ZEP)) gained 37 cents to $15.06 after the cleaning and maintenance solution provider said revenue in the second quarter ending on February 28 grew 7.7% to $163.4 million. Net income in the quarter climbed 14.7% to $2.8 million or 12 cents a diluted share compared to $2.4 million or 11 cents.

The Zep said gross profit margin for the quarter grew by 260 basis points to 47.4%.