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January 21, 2015
Rabigh Refining and Petrochemical Co. (Petro Rabigh; Rabigh, Saudi Arabia), a joint venture between Saudi Aramco and Sumitomo Chemical, on Tuesday reported a fourth-quarter...
http://www.chemweek.com/people_and_business/earnings_finance/Petro-Rabigh-reports-quarterly-loss-citing-decline-in-crude-prices-Maaden-swings-to-profit_67043.html
January 20, 2015
Novozymes (Bagsvaerd, Denmark) today announced a new corporate strategy, Partnering for Impact, accompanied by a revised set of long-term financial, environmental, and social targets...
http://www.chemweek.com/people_and_business/earnings_finance/Novozymes-updates-financial-targets-for-2015-20-announces-new-strategy_66999.html
January 20, 2015
Latest figures from the British Coatings Federation (BCF; Leatherhead, UK) show that for the second consecutive year, paint sales have outperformed GDP, increasing 5.0% in volume...
http://www.chemweek.com/people_and_business/earnings_finance/UK-paint-sales-outperform-the-economy-for-second-year_66998.html
January 20, 2015
Omnova Solutions today reported fourth-quarter net income of $5.1 million, or 11 cts/share, down 35.4% year-on-year (YOY), on sales up 3.7%, to $243 million. Adjusted income from...
http://www.chemweek.com/people_and_business/earnings_finance/Omnova-earnings-decline-but-beat-estimates_67015.html
January 20, 2015
Biobased chemicals and fuels firm Gevo (Englewood, CO) today announced a number of cost savings initiatives, including job cuts, to improve cash flow as it works to demonstrate its...
http://www.chemweek.com/people_and_business/earnings_finance/Gevo-cuts-staff-looks-beyond-isobutanol_67013.html
January 20, 2015
National Industrialization Co. (Tasnee; Riyadh) today reported a 47% drop in fourth-quarter net profit, to 160.7 million Saudi riyals ($42.8 million), compared with the year-earlier...
http://www.chemweek.com/people_and_business/earnings_finance/Tasnee-reports-big-drop-in-profits-cites-lower-TiO2-prices_66993.html
January 20, 2015
Cellulosic sugar producer Edeniq (Visalia, CA) today announced it has raised more than $16 million in equity.  The equity investment was led by I2BF Global Ventures, an existing...
http://www.chemweek.com/people_and_business/earnings_finance/Cellulosic-sugar-company-raises-$16-million_67010.html
January 20, 2015
Mosaic said on Monday that it expects reported phosphates volume and phosphates and potash margins will exceed previously provided guidance ranges and that potash volumes will be at...
http://www.chemweek.com/people_and_business/earnings_finance/Mosaic-raises-2014-guidance-on-strong-volumes-and-margins_66989.html
January 19, 2015
Praxair says it is changing its exchange rate to line up with the Sicad II rate of 50 bolivars to the dollar rather than government's official exchange rate of 6.3 bolivars to the...
http://www.chemweek.com/people_and_business/earnings_finance/Praxair-to-shift-exchange-rate-for-Venezuela-operations_66970.html
January 19, 2015
Sabic today reported lower earnings and revenues but pledged to continue with its growth strategies. Net profit in the fourth quarter of 2014 was down 29%, to 4.36 billion Saudi riyals...
http://www.chemweek.com/people_and_business/earnings_finance/Sabics-profit-down-close-to-30-percent-as-oil-prices-continue-to-slide_66954.html
January 19, 2015
Several Saudi petrochemical firms have reported their quarterly and annual earnings. Sipchem’s net profit in the fourth quarter was down 33%, to 132.4 million Saudi riyals ($35.3...
http://www.chemweek.com/people_and_business/earnings_finance/Sipchem-Sahara-report-lower-profits-Saudi-Kayan-narrows-loss_66962.html
January 16, 2015
Quinpario Acquisition Corp. 2 has priced its initial public offering at $10/share, with the company hoping to raise $350.0 million from the offering. Quinpario is a blank-check firm...
http://www.chemweek.com/people_and_business/earnings_finance/Second-Quinpario-firm-prices-IPO_66944.html
January 16, 2015
Reliance Industries says net profits for the company’s fiscal third quarter, ended 31 December 2014, decreased 4.5% compared with the same period of the previous fiscal year, to...
http://www.chemweek.com/people_and_business/earnings_finance/Reliance-Industries-reports-fall-in-profits_66941.html
January 16, 2015
Synthomer (Harlow, UK), a producer of synthetic and natural rubber latices and specialty emulsion polymers today said in its trading update for 2014 that trading and profitability have...
http://www.chemweek.com/people_and_business/earnings_finance/Synthomer-gives-trading-update-new-CEO-to-join-this-month_66921.html
January 15, 2015
H.B. Fuller last night reported fiscal fourth-quarter net income down by nearly half year-on-year (YOY), to $10.8 million, or 21 cts/share, on revenues up 2.7%, to $547.7 million...
http://www.chemweek.com/people_and_business/earnings_finance/H-B-Fuller-earnings-fall-despite-higher-sales_66858.html
January 15, 2015
PPG Industries today reported fourth-quarter net income from continuing operations of $86 million, or 62 cts/share, down 64% year-on-year (YOY), on sales up 6%, to $3.71 billion. A...
http://www.chemweek.com/people_and_business/earnings_finance/PPG-beats-estimates-on-solid-volumes_66855.html
January 14, 2015
Koppers today announced it has completed a legal reorganization of its foreign subsidiaries, allowing it to repatriate cash at a lower effective tax rate. The company estimates cash...
http://www.chemweek.com/people_and_business/earnings_finance/Koppers-completes-tax-reorganization-delays-plant-construction_66821.html
January 13, 2015
Cabot says its board has authorized the company to repurchase up to 5 million shares of the company’s common stock, roughly 8% of shares outstanding, and cancelled a previous...
http://www.chemweek.com/people_and_business/earnings_finance/Cabot-increases-share-repurchase-authorization_66808.html
January 13, 2015
Platform Specialty Products says it plans to raise $2 billion from senior notes and term loans to fund its $3.5-billion acquisition of agricultural chemicals firm Arysta. Platform says...
http://www.chemweek.com/people_and_business/earnings_finance/Platform-raises-$2-billion-to-fund-Arysta-purchase_66807.html
January 13, 2015
Yanbu National Petrochemical Co. (YanSab), a Sabic subsidiary, today announced a large increase in fourth-quarter profits but a slide in full-year earnings. Net profit in the fourth...
http://www.chemweek.com/people_and_business/earnings_finance/YanSab-reports-higher-fourth-quarter-earnings_66793.html
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