Edgen Group(EDG)- NYSE
EDG is defunct.
  • Oct. 1, 2013, 12:47 PM
    | Oct. 1, 2013, 12:47 PM
  • Oct. 1, 2013, 9:11 AM
    | Oct. 1, 2013, 9:11 AM
  • Oct. 1, 2013, 8:17 AM
    • Edgen Group (EDG) +56.4% premarket after Sumitomo (SSUMY.PK) agrees to buy the distributor of specialty products to the energy and infrastructure markets for $12/share, a 58% premium over Monday's close.
    • EDG has two commercial brands, Edgen Murray and Bourland & Leverich, and had total sales of $2.06B in 2012 with 660 employees and operations in more than 35 locations in 18 countries.
    • EDG launched an IPO in April 2012, pricing at $11, below its expected $14-$16 range, and has traded below $9 for most of the time since.
    | Oct. 1, 2013, 8:17 AM
  • Jul. 3, 2013, 11:15 AM
    Midday top 10 gainers: ONP +42%. UNTK +39%. PRAN +14%. ELX +14%. CHNR +13%. GLUU +11%. EDG +11%. GST +10%. DRRX +9%. ENVI +9%.
    Midday top 10 Losers: USMD -12%. LINE -10%. OSTK -9%. MJN -9%. ULTR -8%. LNCO -8%. ARP -8%. VNR -8%. ALDW -7%. USU -7%.
    | Jul. 3, 2013, 11:15 AM
  • May 13, 2013, 12:34 PM

    Edgen Group (EDG -3.2%) sets new 52-week lows today on a big Q1 earnings miss. Net sales declined 24% Y/Y, as the steel-products manufacturer's energy-and-infrastructure business was hit hard by steel-pricing and delays in contract awards and customer-purchasing decisions. Sales in its oil-tubular goods segment also decreased 10% over the same period due largely to lower rig counts. In light of the weak environment, the company is suspending its 2013 guidance - which doesn't bode well for a company just went public a year ago.

    | May 13, 2013, 12:34 PM | 1 Comment
Company Description
Edgen Group Inc is a global distributor of specialty products to energy sector, including steel pipe, valves, quenched & tempered & high yield heavy plate, and related components. It has two segments: Energy & Infrastructure and Oil Country Tubular Goods.
Sector: Services
Industry: Industrial Equipment Wholesale
Country: United States