ADTRAN Inc.Ĭompeting in the telecommunications equipment industry, Huntsville-based ADTRAN Inc.
The “patent wall” at Adtran headquarters in Huntsville displays an array of the company’s approximately 750 patents and patents pending. Using DESCO’s electrolytic-galvanizing line will give USS the ability to offer steel-coated products to customers in the automotive industry.
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In its latest Securities and Exchange Commission (SEC) 10K filing, the company says it plans to execute a stockholder value creation strategy toward driving and sustaining growth: “…We continue working toward strengthening our balance sheet, with a strong focus on cash flow, and have launched a series of initiatives that we believe will enable us to add value, right-size the company, and improve our performance across our core business processes, including commercial, supply chain, manufacturing, procurement, innovation, and operational and functional support.”Īs part of its strategy, the company announced in June its purchase of AK Steel’s interest in Double Eagle Steel Coating Co. Analysts have given USS stock a “Hold” recommendation. By June of this year, the USS stock price reached $20.62. That year, USS stocks were as high as $58.42 a share, but two years later, in July of 2013, the stock dipped to just $17.35 a share. That would put the Alabama employment, previously estimated by the Alabama Department of Commerce at 1, 500 to 2, 000 workers, down to 1, 175 to 1, 675.Īs a result of slumping sales, USS stock prices have underperformed the S&P Index since April 2011. But by June, 574 of the 799 Fairfield Works employees laid off were able to return to work, according to news accounts.
In contrast, during the same period last year, USS had net earnings of $52 million.Īnd earlier this year, USS, which has an estimated 23, 000 workers, announced the possibility of laying off up to 4, 000 workers companywide, including around 1, 900 at Fairfield Works. In fact, USS announced first quarter losses of $75 million. Industry analysts and Thomas Gibson, president and CEO of American Iron and Steel Institute, say cheap imports and an oversupply have hurt U.S.
steel industry, however, has been hit hard in recent years. One of those facilities is Fairfield Works, a pipe mill 10 miles west of Birmingham that manufactures seamless pipes for the oil, automotive and appliance industries and sheet products. With headquarters in Pittsburgh, USS produces integrated steel throughout North America and Central Europe. (USS), founded in 1901, is a Fortune 200 company in the iron and steel industry. The remaining 20 are listed in order of most recent employment estimate. First are five that have had big news - United States Steel Corp., ADTRAN Inc., Constellium, Walter Energy and CPSI. Matching set of 61 PDX-derived cell lines for ex vivo drug screening.Here’s a look at the 25 public companies employing the most Alabamians. NexusPharma - Oncology CRO with over 150 proprietary extensively characterized PDX models of different tumor types available for efficacy studies in vivo.
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