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May 19, 2014
MACROECONOMIC STATUS Our running tab of positive indicators slipped to 13 out of 20 this week. Thus, we continue to post a green banner. Please refer to the end of this report for an...
http://www.chemweek.com/people_and_business/earnings_finance/ACCs-economic-outlook-for-the-week-ended-16-May-2014_61137.html
May 16, 2014
Lenzing (Lenzing, Austria) says that sales in first-quarter 2014 were €451.7 million ($618.8 million), compared with €496.5 million in the corresponding quarter a year ago, a...
http://www.chemweek.com/people_and_business/earnings_finance/Lenzing-says-difficult-market-in-first-quarter-sales-fall-9-percent-Ebitda-plunges-30-percent_61102.html
May 15, 2014
State-owned chemical producer Oltchim (Râmnicu Vâlcea, Romania) reports losses of €12 million in the first quarter, 35% lower than the losses reported in the first...
http://www.chemweek.com/people_and_business/earnings_finance/Oltchims-losses-narrow-on-restructuring_61089.html
May 15, 2014
Ciech (Warsaw) says that its first-quarter net profit dropped 88% from the corresponding period of last year, to 5.6 million zloty, on sales down 15%, to Zl 845 million. Ebitda...
http://www.chemweek.com/people_and_business/earnings_finance/Ciechs-profits-plummet_61085.html
May 15, 2014
Oxiteno, the chemicals business of Ultrapar (São Paulo), has posted Ebitda for the first quarter of 109 million reais ($49.2 million), up 35% year-on-year (YOY) mainly because...
http://www.chemweek.com/people_and_business/earnings_finance/Oxitenos-earnings-up-35-percent-on-weaker-Brazilian-currency-favorable-sales-mix_61083.html
May 15, 2014
Israel Chemicals Ltd. (ICL; Tel Aviv) reports a 57% fall in net profits for the first quarter of 2014 compared with the year-ago quarter, to $131 million. First-quarter sales decreased...
http://www.chemweek.com/people_and_business/earnings_finance/ICL-reports-falls-in-profits-sales_61075.html
May 15, 2014
Merck KGaA today reported a slight increase, to €807 million ($1.1 billion), in first-quarter Ebitda before one-time items compared with €801 million in the first quarter of...
http://www.chemweek.com/people_and_business/earnings_finance/Merck-KGaA-reports-flat-first-quarter-earnings-cautiously-optimistic-for-2014_61072.html
May 15, 2014
DIC (Tokyo) has reported its financial results for its fiscal first quarter, ended 31 March. DIC decided last June to change its fiscal year-end from 31 March to 31 December, and, as a...
http://www.chemweek.com/people_and_business/earnings_finance/DIC-reports-huge-rise-in-profits_61071.html
May 14, 2014
Momentive Specialty Chemicals (Columbus, OH) reports a first-quarter loss of $27 million versus a loss of $4 million in the year-ago period. Sales increased 8.5% year-on-year, to $1.29 billion, primarily reflecting increased volumes in Momentive's oilfield, specialty epoxy, North American formaldehyde, and Latin America forest products resins businesses, says the company....
http://www.chemweek.com/people_and_business/earnings_finance/Momentives-sales-increase-but-loss-deepens_61061.html
May 14, 2014
Styron (Berwyn, PA) reports first-quarter income of $17.1 million, compared with a loss of $9.7 million in the year-ago period. Sales totaled $1.36 billion, down 2.3% year-over-year (YOY) on lower selling prices, partly offset by higher volumes and favorable currency impact....
http://www.chemweek.com/people_and_business/earnings_finance/Styron-swings-to-$17-million-profit_61060.html
May 14, 2014
Potash producer K+S (Kassel, Germany) reports a 21% year-on-year (YOY) decrease in first-quarter Ebit, to €219.6 million ($301.6 million), mostly because of lower potash and...
http://www.chemweek.com/people_and_business/earnings_finance/K+Ss-Ebit-down-21-percent-on-lower-potash-and-magnesium-results-says-prices-are-stabilizing_61059.html
May 14, 2014
Borealis reports €102 million ($140.1 million) in net profit for the first quarter, growing about 67% year-on-year (YOY), driven by a better performance by the company's...
http://www.chemweek.com/people_and_business/earnings_finance/Borealiss-net-profit-grows-67-percent-driven-by-polyolefins_61056.html
May 14, 2014
Songwon Industrial (Ulsan, South Korea) has announced its preliminary, unaudited financial results for the first quarter, ended 31 March. Songwon reports a net loss of 4.88 billion...
http://www.chemweek.com/people_and_business/earnings_finance/Songwon-swings-to-loss_61054.html
May 13, 2014
OCI Partners (Nederland, TX) reports net income of $29 million for the first quarter, down 36% year-on-year (YOY) on unplanned outages. Sales totaled $100 million, down 11% YOY. The company says it will issue a cash distribution of 41 cts/share....
http://www.chemweek.com/people_and_business/earnings_finance/OCI-Partners-first-quarter-income-down-36-percent-on-outages_61042.html
May 13, 2014
Rentech Nitrogen Partners (Los Angeles) reports net income for the first quarter of $3.1 million, down 79% year-on-year (YOY). Earnings per share totaled 8 cts, well above analysts’ consensus estimate of 0 cts, as compiled by Thomson Reuters. Sales totaled $56.3 million, down 5.5% YOY, since a gain at Rentech’s Pasadena, TX, facility was offset by a decline at its East Dubuque, IL, facility....
http://www.chemweek.com/people_and_business/earnings_finance/Low-prices-drive-down-Rentech-Nitrogens-earnings_61033.html
May 13, 2014
Adama Agricultural Solutions (Tel Aviv), the former Makhteshim Agan Industries, says its net income increased 9% in the first quarter, to $99 million, compared with the same period...
http://www.chemweek.com/people_and_business/earnings_finance/Adama-posts-higher-profits-sales_61031.html
May 13, 2014
Mitsui Chemicals reports a net loss of ¥25.1 billion ($245 million) for the fiscal year, ended 31 March, compared with a net loss of ¥8.1 billion in the previous fiscal year...
http://www.chemweek.com/people_and_business/earnings_finance/Mitsui-Chemicals-loss-widens_61023.html
May 13, 2014
Orica (Melbourne) reports a 7.7% fall in net profits for its fiscal first half, ended 31 March, compared with the corresponding period of the previous fiscal year, to A$242.1 million...
http://www.chemweek.com/people_and_business/earnings_finance/Orica-reports-fall-in-profits_61020.html
May 13, 2014
Mitsubishi Chemical Holdings, the parent of Mitsubishi Chemical, says its net profits increased by 73.4% in the full fiscal year, ended 31 March, compared with the previous fiscal...
http://www.chemweek.com/people_and_business/earnings_finance/Mitsubishi-Chemical-reports-huge-rise-in-profits_60982.html
May 12, 2014
Innospec today announced plans to launch a share buyback worth up to $20 million, which will occur on the open market and does not have an end date. "Having instituted a regular...
http://www.chemweek.com/people_and_business/earnings_finance/Innospec-launches-$20-million-share-buyback_61010.html
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