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July 22, 2014
Wacker Chemie said today that it has upgraded its annual Ebitda projection. Ebitda for 2014 is now projected to be at least one-third higher than last year’s €678.7 million...
http://www.chemweek.com/people_and_business/earnings_finance/Wacker-upgrades-annual-earnings-forecast-on-restructured-polysilicon-contracts_62631.html
July 22, 2014
Croda today reported lower second-quarter sales and earnings on weak consumer demand in Europe. Sales were down 5.8%, to £263.4 million ($449.6 million), while adjusted operating...
http://www.chemweek.com/people_and_business/earnings_finance/Crodas-sales-and-earnings-down-unlikely-to-match-last-years-pretax-profit_62628.html
July 21, 2014
PolyOne today reported net income from continuing operations of $30.9 million, or 33 cts/share, down 24.9% year-on-year (YOY), on net sales down 2.9%, to $1.01 billion. Adjusted...
http://www.chemweek.com/people_and_business/earnings_finance/PolyOne-earnings-rise-beat-estimates-on-improving-margins_62625.html
July 21, 2014
Sabic today reported second-quarter net profit increased 7%, to 6.46 billion Saudi riyals ($1.72 billion), with operating profit rising 1%, to SR10.07 billion. Sales were up 7% to...
http://www.chemweek.com/people_and_business/earnings_finance/Sabic-reports-higher-sales-and-profit-says-US-shale-unlikely-to-make-impact-for-some-time_62602.html
July 21, 2014
Reliance Industries’ consolidated net profit in the first quarter of fiscal 2015 rose 13.7%, to 59.6 billion Indian rupees ($1.00 billion), compared with the year-earlier period...
http://www.chemweek.com/people_and_business/earnings_finance/Reliance-reports-higher-sales-and-earnings-polyesters-impact-petchems-margin_62600.html
July 21, 2014
Westlake Chemical Partners (Houston) announced on 21 July the start of its initial public offering of 11.25 million common units, which are to be listed on the New York Stock Exchange as WLKP. The company, a master limited partnership established to operate the ethylene production facilities of Westlake Chemical (Westlake; Houston), aims to be priced at $19–21/unit, about $225 million in total....
http://www.chemweek.com/people_and_business/earnings_finance/Westlake-launches-$225-million-IPO-of-ethylene-MLP_62611.html
July 21, 2014
American Vanguard announced on Friday that lower-than-normal purchasing of corn inputs and reduced production levels at the company's manufacturing facilities will affect its...
http://www.chemweek.com/people_and_business/earnings_finance/American-Vanguard-warns-on-second-quarter-earnings_62610.html
July 18, 2014
The Croatian government is selling its 22.82% stake in electrical and transport firm Koncar Elektroindustrija (Zagreb) to help raise funds to recapitalize the country's fertilizer...
http://www.chemweek.com/people_and_business/earnings_finance/Croatia-to-sell-stake-in-electrical-firm-to-raise-funds-for-state-backed-fertilizer-maker_62592.html
July 18, 2014
Honeywell says that profit in its performance materials and technologies (PMT) segment  was $475 million, up 8% from the prior year. Segment revenue rose 6% year-on-year...
http://www.chemweek.com/people_and_business/earnings_finance/Honeywell-posts-stronger-performance-materials-earnings_62590.html
July 18, 2014
PPG says it has agreed to sell its float glass manufacturing plant at Mt. Zion, IL, to China's Fuyao Glass America subsidiary at Greenville, SC. Financial details, including purchase...
http://www.chemweek.com/people_and_business/earnings_finance/PPG-sells-float-glass-plant-in-Illinois_62593.html
July 18, 2014
LG Chem (Seoul) today reported a 43% drop in second-quarter net profit, to 226.8 billion South Korean won ($220.3 million), citing poor performance in its chemical sales and a strong...
http://www.chemweek.com/people_and_business/earnings_finance/LG-Chem-reports-lower-second-quarter-profits-flat-revenues_62583.html
July 18, 2014
Yara International (Oslo) today reported strong second-quarter results, with improved European commodity margins because of lower gas price. Lower nitrate deliveries impacted results...
http://www.chemweek.com/people_and_business/earnings_finance/Yara-reports-strong-second-quarter-results-hikes-NPK-capacity-in-Finland_62579.html
July 18, 2014
Cytec today announced second-quarter earnings that more than doubled year-on-year (YOY), to $73.6 million, on sales up 2.6%, to $527 million. Earnings from continuing operations were...
http://www.chemweek.com/people_and_business/earnings_finance/Cytec-beats-estimates-announces-stock-split_62544.html
July 17, 2014
Celanese (Dallas, TX) reports net earnings for the second quarter of $258 million, up 94% year-over-year from $133 million, on stronger pricing and volumes. Sales totaled $1.8 billion...
http://www.chemweek.com/people_and_business/earnings_finance/Celanese-net-income-doubles-on-price-and-volume-gains_62545.html
July 17, 2014
Several Saudi Arabian petrochemicals producers have reported their second quarter results. Sabic affiliate Saudi Kayan losses in the quarter have narrowed. The company reported net...
http://www.chemweek.com/people_and_business/earnings_finance/Several-Saudi-firms-report-second-quarter-earnings_62514.html
July 17, 2014
Sherwin-Williams (SW) today announced second quarter net income up 13.3% year-on-year (YOY), to $291.4 million, on sales up 12.2%, to $3.04 billion. Earnings totaled $2.94/share...
http://www.chemweek.com/people_and_business/earnings_finance/Sherwin-Williams-raises-guidance-earnings-rise_62529.html
July 17, 2014
Ineos today reported unaudited second-quarter results with Ebitda rising 22% to €447 million ($604.5 million) compared with the year-earlier quarter and 11.5% up on the first...
http://www.chemweek.com/people_and_business/earnings_finance/Ineos-reports-higher-earnings-buoyed-by-US-feedstock-advantage_62510.html
July 17, 2014
PPG Industries today reported second quarter net income from continuing operations up 24% year-on-year (YOY), to $393 million, or $2.80/share, on sales up 5%, to $4.1 billion. Adjusted...
http://www.chemweek.com/people_and_business/earnings_finance/PPG-earnings-beat-estimates-on-strong-sales_62509.html
July 17, 2014
Givaudan Group (Geneva), flavors and fragrances major, today announced its results for the first six months of 2014. Ebitda rose 10.5% to 562 million Swiss francs ($626.1 million) on...
http://www.chemweek.com/people_and_business/earnings_finance/Givaudan-reports-higher-earnings-confirms-guidance_62505.html
July 16, 2014
Alpek (San Pedro Garza García, Mexico), a subsidiary of Grupo Alfa (Monterrey, Mexico), has revised down its Ebitda guidance for 2014 from $570 million to $500 million, the...
http://www.chemweek.com/people_and_business/earnings_finance/Alpek-cuts-2014-Ebitda-guidance-by-$70-million_62480.html
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