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October 19, 2015
Celanese (Dallas) reports third-quarter earnings of $151 million, down 40% year-over-year (YOY), on sales of $1.4 billion, down 20% YOY. Adjusted earnings per share of $1.50 were well ahead of the analysts’ consensus estimate of $1.37, as compiled by Thomson Reuters (New York)....
http://www.chemweek.com/people_and_business/earnings_finance/Celanese-beats-estimates-with-earnings-of-$1-50share_74483.html
October 19, 2015
Azelis Group, a major, Europe-based specialties distributor, has agreed to acquire Koda Distribution to expand its presence in North America. Koda will be renamed Azelis Americas and...
http://www.chemweek.com/people_and_business/earnings_finance/Azelis-to-acquire-Koda-Distribution_74471.html
October 19, 2015
Several Saudi firms have reported third-quarter results, with Tasnee and Nama Chemicals losing substantially, while Saudi Arabian Fertilizers Co., (Safco), a Sabic affiliate, reports...
http://www.chemweek.com/people_and_business/earnings_finance/Saudi-firms-report-mixed-results-Tasnee-Nama-report-losses_74461.html
October 19, 2015
S-Oil, (Seoul), South Korea's third-largest refiner and a subsidiary of Saudi Aramco, on Monday reported a third-quarter loss, with results hurt by a slump in its refining business...
http://www.chemweek.com/people_and_business/earnings_finance/S-Oil-narrows-third-quarter-net-loss-sales-decline-39-percent_74462.html
October 20, 2015
Sabic on Sunday reported a major decline in third-quarter profits, citing lower selling prices for its products. Third-quarter net profit was down 9.4%, to 5.6 billion Saudi riyals...
http://www.chemweek.com/people_and_business/earnings_finance/Sabic-reports-large-declines-in-profits-and-revenues_74457.html
October 16, 2015
Reliance Industries says net profits for the company’s fiscal second quarter, ended 30 September, increased 12.5% compared with the same period of the previous year, to about...
http://www.chemweek.com/people_and_business/earnings_finance/Reliance-reports-12-5-percent-rise-in-quarterly-profits-but-sales-fall_74445.html
October 16, 2015
LG Chem (Seoul) says net profits increased 48% in the third quarter of 2015 compared with the year-ago period, to 342.4 billion South Korean won ($303.8 million). Third-quarter sales...
http://www.chemweek.com/people_and_business/earnings_finance/LG-Chem-reports-big-rise-in-third-quarter-earnings_74440.html
October 16, 2015
PPG Industries today reported third-quarter net income up 14.9% year-on-year (YOY), to $433 million, or $1.59/share, on net sales down 1.8%, to $3.87 billion. Sales rose 6% in...
http://www.chemweek.com/people_and_business/earnings_finance/PPG-beats-estimates-despite-currency-impact-destocking_74420.html
October 15, 2015
Syngenta (Basel) on Thursday reported flat third-quarter sales, citing challenging conditions in Latin America and adverse weather in Asia. Separately, Syngenta has announced a new 20-year licensing collaboration with seed companies KWS and Limagrain and their joint ventures AgReliant and Genective....
http://www.chemweek.com/people_and_business/earnings_finance/Syngenta-reports-flat-third-quarter-sales_74413.html
October 15, 2015
Saudi Kayan, a Sabic affiliate, on Thursday reported third-quarter net loss of 13.8 million Saudi riyals ($3.68 million) compared with a net profit of SR66.9 million in the...
http://www.chemweek.com/people_and_business/earnings_finance/Saudi-Kayan-reports-losses-YanSab-halves-net-profit-on-low-prices-reduced-volumes_74414.html
October 14, 2015
KMG Chemicals today reported a fiscal fourth-quarter profit of $3.33 million, compared with a loss of $822,000 in the year-ago quarter, on net sales down 16.7% year-on-year (YOY), to...
http://www.chemweek.com/people_and_business/earnings_finance/KMG-Chemicals-swings-to-profit_74411.html
October 13, 2015
FMC today cut its fourth-quarter and full-year 2015 adjusted earnings guidance, to 38 cts/share and $2.35-$2.45/share, due to a “rapid devaluation the Brazilian real,” the...
http://www.chemweek.com/people_and_business/earnings_finance/FMC-cuts-guidance-on-Brazil-currency-devaluation_74361.html
October 9, 2015
Flavors and fragrances market leader Givaudan (Vernier, Switzerland) has announced that its sales slipped 0.9% in the third quarter compared with the corresponding period of last year...
http://www.chemweek.com/people_and_business/earnings_finance/Currency-effects-dent-Givaudans-third-quarter-sales_74324.html
October 9, 2015
WestRock Company (Norcross, GA) has filed with the US Securities and Exchange Commission (SEC; Washington) for the tax-free spin-off of Ingevity, formerly MeadWestvaco’s...
http://www.chemweek.com/people_and_business/earnings_finance/WestRock-files-with-SEC-for-Ingevity-spin-off_74327.html
October 8, 2015
Victrex (Thornton Cleveleys, UK), a producer of polyether ether ketone, has announced in its full year pre-close trading update for the financial year ended 30 September 2015, ahead of...
http://www.chemweek.com/people_and_business/earnings_finance/Victrex-reports-flat-fourth-quarter-revenues-higher-volume-sales_74251.html
October 7, 2015
RPM says that net income for its fiscal first quarter ended 31 August rose 0.7% year-on-year (YOY), to $99.8 million, on sales up 3.2%, to $1.24 billion. Reported earnings totaled 74...
http://www.chemweek.com/people_and_business/earnings_finance/RPM-misses-estimates-blames-rainy-weather-and-strong-US-dollar_74225.html
October 7, 2015
Faced with slumping agricultural markets, seed giant Monsanto has announced a restructuring program that includes 2,600 layoffs—approximately 12% of its global workforce—in a quarterly earnings report that includes a wider year-on-year loss and a disappointing forecast for 2016....
http://www.chemweek.com/people_and_business/earnings_finance/Monsanto-misses-estimates-plans-layoffs-and-sugarcane-exit_74219.html
October 7, 2015
Platform Specialty Products (West Palm Beach, FL), a blank-check firm that has made several large chemicals acquisitions, says it will use a term-loan commitment help pay for its...
http://www.chemweek.com/people_and_business/earnings_finance/Platform-Specialty-Products-to-tap-loan-for-Alent-acquisition_74222.html
October 5, 2015
Sadara Chemical, a joint venture between Saudi Aramco and Dow Chemical, has announced that it amended its articles of association on 5 October to reflect an increase in its...
http://www.chemweek.com/people_and_business/earnings_finance/Sadara-undertakes-$802-million-debt-for-equity-swap_74168.html
September 30, 2015
Velocys (Houston), a start-up firm developing smaller-scale gas-to-liquids manufacturing technology, reports revenue of £100,000 ($151,193) for the first half ending, June, down from £1 million in the year-ago period. Cash on hand totaled £46.2 million, down from £59.8 million at the end of 2014....
http://www.chemweek.com/people_and_business/earnings_finance/Velocys-reports-second-half-results-CEO-search-under-way_74078.html
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