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January 23, 2014
Platform Specialty Products, which acquired specialty chemical maker MacDermid (Denver) for $1.8 billion late last year, is expected to start Big Board trading today....
http://www.chemweek.com/people_and_business/earnings_finance/Platform-Specialty-Products-begins-NYSE-trading_58224.html
January 23, 2014
Lonza recorded a 44.2% fall in profits for 2013 compared with 2012, to 87 million Swiss francs ($95.7 million). Sales for 2013 decreased by 4.2%, to SF3.58 billion, due to lower sales...
http://www.chemweek.com/people_and_business/earnings_finance/Lonza-reports-fall-in-profits-sales_58208.html
January 22, 2014
Rabigh Refining and Petrochemical Co. (Petro Rabigh), a joint venture between Saudi Aramco and Sumitomo Chemical, reports a major increase in fourth-quarter profits. Net profit in the...
http://www.chemweek.com/people_and_business/earnings_finance/More-Saudi-firms-announce-earnings-results_58177.html
January 21, 2014
Omnova Solutions reported net income of $7.9 million, a significant improvement from year-ago results of $700,000. Adjusted earnings were 12 cts/share, up from 6 ct/share in the...
http://www.chemweek.com/people_and_business/earnings_finance/Omnova-earnings-improve-on-stronger-product-mix_58167.html
January 21, 2014
Agrium announced fourth-quarter 2013 earnings projections today, saying operating earnings are expected to be at the bottom of a previously announced range of 80 cts–$1.25/share...
http://www.chemweek.com/people_and_business/earnings_finance/Agrium-lowers-fourth-quarter-2013-projections-on-weak-wholesale-sales_58152.html
January 21, 2014
In an open letter shareholders on 21 January, Jack Golsen, chairman of the board and CEO of LSB Industries, defended the company’s business strategy against the criticism of shareholder Engine Capital. The letter comes days after the resignation of four members of LSB’s board, a move meant to block Engine Capital from forcing major changes in the company’s strategy, according to a report by Forbes....
http://www.chemweek.com/people_and_business/earnings_finance/LSB-counters-move-by-activist-shareholder-to-force-change-in-strategy_58156.html
January 21, 2014
‚ÄčNovozymes (Bagsvaerd, Denmark) today announced that it met or exceeded all its financial targets in 2013 following a good fourth quarter. Organic sales growth in 2013 was 7%, Ebit...
http://www.chemweek.com/people_and_business/earnings_finance/Novozymes-meets-targets-positive-on-2014_58149.html
January 21, 2014
DSM today reported preliminary, unaudited results for 2013 and provided an outlook for 2014. Final audited results will be published on 26 February. Fourth-quarter Ebitda excluding...
http://www.chemweek.com/people_and_business/earnings_finance/DSM-reports-preliminary-results-market-weakness-hurts-nutrition_58143.html
January 21, 2014
Kemira (Helsinki) today announced that it has lowered its operating Ebit guidance for the fourth quarter of 2013. The company previously said that, excluding nonrecurring items, it...
http://www.chemweek.com/people_and_business/earnings_finance/Kemira-lowers-fourth-quarter-guidance-announces-board-nominations_58142.html
January 20, 2014
Sabic on Sunday reported a 5.7% increase in fourth-quarter net profit, to 6.16 billion Saudi riyals ($1.64 billion). Gross profit was 1% higher, at SR13.82 billion, while operating...
http://www.chemweek.com/people_and_business/earnings_finance/Sabic-reports-higher-fourth-quarter-and-full-year-earnings_58111.html
January 20, 2014
Saudi Kayan, a Sabic affiliate; Alujain, parent of polypropylene (PP) producer Natpet; Sipchem; and Saudi Chemical Co., have announced better earning results in the fourth quarter of...
http://www.chemweek.com/people_and_business/earnings_finance/Saudi-firms-announce-improved-fourth-quarter-earnings_58124.html
January 17, 2014
Reliance Industries says net profits for its fiscal third quarter, ended 31 December 2013, increased 0.2% compared with the same period of the previous year, to about 55.11 billion...
http://www.chemweek.com/people_and_business/earnings_finance/Reliance-Industries-reports-a-slight-increase-in-profits_58092.html
January 16, 2014
PPG today reported fourth-quarter net income from continuing operations up 33% year-on-year (YOY), to $254 million, or $1.78/share, on sales up 14%, to $3.7 billion. Adjusted earnings...
http://www.chemweek.com/people_and_business/earnings_finance/PPG-earnings-up-33-percent-beat-estimates-as-volumes-rise_58010.html
January 16, 2014
Sahara Petrochemical today reported a huge increase in quarterly profits citing improved performance at its Al Waha polypropylene (PP) production affiliate, which in the past was...
http://www.chemweek.com/people_and_business/earnings_finance/Saudi-polypropylene-producers-Sahara-and-Advanced-report-large-increase-in-profits_58008.html
January 15, 2014
H.B. Fuller today reported fiscal fourth-quarter earnings down 12% year-on-year (YOY) to $22 million, or 43 cts/share, on revenues up 4%, to $533.5 million. Excluding special charges...
http://www.chemweek.com/people_and_business/earnings_finance/H-B-Fuller-earnings-fall-short-of-estimates_57997.html
January 15, 2014
AkzoNobel says that its full-year 2013 operating income before incidental items is unlikely to exceed the €908 million ($1.2 billion) reported in 2012. This has been AkzoNobel's...
http://www.chemweek.com/people_and_business/earnings_finance/AkzoNobel-Economic-environment-still-challenging-maintains-2013-operating-income-forecast_57799.html
January 14, 2014
The US Securities and Exchange Commission (SEC) announced today that a former Dow Chemical IT executive has agreed to pay $367,250 civil penalty to settle charges SEC charges of...
http://www.chemweek.com/people_and_business/earnings_finance/Former-Dow-executive-settles-SEC-charges_57967.html
January 14, 2014
Sika (Baar, Switzerland) says its 2013 sales were 5.14 billion Swiss francs ($5.7 billion), compared with SF4.83 billion in 2012, an increase of 9.4% in local currencies. The company...
http://www.chemweek.com/people_and_business/earnings_finance/Sika-reports-2013-sales-of-$5-7-billion-up-9-4-percent_57953.html
January 14, 2014
Uralkali (Berezniki, Russia), a leading global producer of potash, has announced its production results for fourth-quarter and full-year 2013. Uralkali produced 2.8 million m.t. of...
http://www.chemweek.com/people_and_business/earnings_finance/Uralkali-reports-higher-potash-production-in-fourth-quarter-full-year-2013_57947.html
January 13, 2014
MACROECONOMIC STATUS Our running tab of positive indicators was unchanged at 17 out of 20 this week. Thus, we continue to post a green banner. Payroll Employment up 74,000 Unemployment...
http://www.chemweek.com/people_and_business/earnings_finance/ACCs-economic-outlook-for-the-week-ended-10-January-2014_57928.html
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