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Displaying 1 - 20 of 505 stories.
October 6, 2008
Crunch Time
Chemical makers have just closed out a challenging quarter with a very tough week. Shares in the CW75 index slipped 21% during the quarter and 9% for the week ended September 30...
http://www.chemweek.com/people_and_business/earnings_finance/14587.html
October 6, 2008
Mosaic Misses Earnings Estimates; Shares Plunge 40%
Prokopanko: Strong long-term ag outlook. Mosaic reported net earnings of $1.2 billion ($2.65/share) for its fiscal first quarter ended August 31, nearly quadruple its results in the...
http://www.chemweek.com/people_and_business/earnings_finance/14588.html
October 6, 2008
Monsanto Raises Full-Year Forecast, Again
Monsanto has raised its full-year 2008 guidance for the second time in about two weeks, citing a strong conclusion to the fiscal year from its Roundup and other glyphosate-related...
http://www.chemweek.com/people_and_business/earnings_finance/14589.html
October 6, 2008
Weaker Demand, Credit Crunch Squeeze Chemical Makers
Slowing demand is likely to put a crimp on industry margins and earnings, analysts say. Moreover, the credit crunch could worsen demand, they say “While the credit market turmoil...
http://www.chemweek.com/people_and_business/earnings_finance/14609.html
October 6, 2008
RPM Lowers 2009 Forecast on ‘Economic Headwinds’
RPM says it has lowered the earnings forecast for its fiscal year ending May 31, 2009. The company cites “current economic headwinds, sustained volatility in financial markets...
http://www.chemweek.com/people_and_business/earnings_finance/14611.html
October 1, 2008
Sumitomo Chemical Slashes Earnings Forecasts
Sumitomo Chemical has slashed its net profits forecast for the fiscal year ending March 31, 2009 from Y55 billion, to Y15 billion. Sumitomo also cut its net earnings projection for...
http://www.chemweek.com/people_and_business/earnings_finance/14557.html
September 29, 2008
A Look at the Leaders
The Billion-Dollar Club, CW’s exclusive ranking of chemical firms compiled by senior editor Kerri Walsh, provides a useful guide to shifts at the top of the industry’s...
http://www.chemweek.com/people_and_business/earnings_finance/14433.html
September 29, 2008
Fuller’s Earnings Slide on Higher Raw Material Costs
Volpi: ‘Still lost ground.’ H.B. Fuller reported third-quarter net income from continuing operations of $21.7 million (44 cts/share), down 24% compared with the same period...
http://www.chemweek.com/people_and_business/earnings_finance/14437.html
September 29, 2008
KMG Lowers Full-Year Expectations
KMG Chemicals (Houston) says it expects earnings for its fiscal year ended July 31 to be about 36% below last year’s 80...
http://www.chemweek.com/people_and_business/earnings_finance/14441.html
September 29, 2008
Texas Petrochemicals Buys Shares
Texas Petrochemicals says that its board of directors has approved a stock repurchase program under which it can purchase up to $25 million in...
http://www.chemweek.com/people_and_business/earnings_finance/14442.html
September 29, 2008
Air Products Lowers Fourth-Quarter Profit Forecast
Air Products has lowered earnings guidance for its fiscal fourth-quarter 2008, ending September 30, to $1.24-$1.26/share, down from its previous estimate of $1.37-$1.42/share...
http://www.chemweek.com/people_and_business/earnings_finance/14452.html
September 29, 2008
Grace Files Reorganization Plan With Bankruptcy Court
W.R. Grace has filed a reorganization plan and accompanying disclosure statement with the U.S. Bankruptcy Court in Delaware. The plan is consistent with the firm’s previously...
http://www.chemweek.com/people_and_business/earnings_finance/14453.html
September 29, 2008
The Billion-Dollar Club
BASF for the second year in a row sits atop the Billion-Dollar Club, CW’s annual ranking of companies by chemical sales. BASF reported 2007 chemical revenues up 13%, to $64.6...
http://www.chemweek.com/people_and_business/earnings_finance/14471.html
September 29, 2008
Sabic Cracks the Top-10 Club
Sabic beat out Bayer for the number 10 slot in this year’s Billion-Dollar Club, with 2007 revenues of SR126.2 billion ($33.6 billion). Sabic moved up one notch in the ranking due...
http://www.chemweek.com/people_and_business/earnings_finance/14472.html
September 29, 2008
Akzo Likely to Move Up the Ranks in 2008
AkzoNobel ranks 19 in this year’s Billion-Dollar Club, with nearly $15 billion in sales, but the company is likely to move up next year as it consolidates sales from its...
http://www.chemweek.com/people_and_business/earnings_finance/14473.html
September 29, 2008
AkzoNobel Unveils $100-Million Cost Reduction Program, to Cut 3,500 Jobs
Hans Wijers, CEO of AkzoNobel told analysts at a meeting in London earlier today that the company is set to aggressively increase profits and improve operational effectiveness under a...
http://www.chemweek.com/people_and_business/earnings_finance/14494.html
September 25, 2008
DSM Raises 2008 Ebit Guidance
DSM has revised its full-year 2008 Ebit guidance from €970 million, with potential upside, to €1,025 million-€1,075 million. The company cites continued strength in some...
http://www.chemweek.com/people_and_business/earnings_finance/14414.html
September 23, 2008
Air Products Lowers Fourth-Quarter Guidance
Air Products has lowered its earnings guidance for its fiscal fourth quarter ending September 30 from $1.37-$1.42/share, to $1.24-$1.26/share. The company reported net income excluding...
http://www.chemweek.com/people_and_business/earnings_finance/14387.html
September 22, 2008
PolyOne Warns on Third-Quarter Earnings
Newlin: August was difficult. PolyOne says “it will be a challenge” to meet analysts’ consensus of 13 cts/share for its third-quarter earnings and has lowered its...
http://www.chemweek.com/people_and_business/earnings_finance/14299.html
September 22, 2008
Wellman to Exit Polyester Staple Fiber and Engineering Resins
Wellman will be exiting the polyester staple fiber (PSF) and engineering resins businesses and consolidating polyethylene terephthalate (PET) resin production at its Pearl River, MS...
http://www.chemweek.com/people_and_business/earnings_finance/14300.html
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