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July 25, 2013
Ashland today reported fiscal third-quarter income from continuing operations down 26.9% year-on-year (YOY), to $117 million, on sales down 4%, to $2.1 billion. The declines were...
http://www.chemweek.com/services/financial/Ashland-to-sell-water-technologies-elastomers-earnings-fall_53901.html
July 25, 2013
W.R. Grace has reported second-quarter net income up 19.5% YOY, to $82.8 million, or $1.07/share, on sales up 2.9%, to $802.8 million. Adjusted earnings of $1.12/share fell 1.8%, but...
http://www.chemweek.com/services/financial/W-R-Grace-beats-estimates-despite-weak-catalysts-results_53903.html
July 24, 2013
Stepan’s second-quarter net income rose 6% year-on-year (YOY), to $22.7 million, on net sales up 1%, to $474.4 million. Excluding deferred compensation plan income, however, net...
http://www.chemweek.com/services/financial/Stepan-earnings-fall-short-of-estimates-on-weak-surfactants-results_53880.html
July 23, 2013
Cytec today reported second-quarter net earnings down 14.8% year-on-year (YOY), to $34.6 million, or 83 cts/share, on sales up 27.2%, to $514 million. Solid aerospace results drove the...
http://www.chemweek.com/services/financial/Cytec-earnings-beat-estimates-on-solid-aerospace-results_53754.html
July 23, 2013
Avery Dennison today reported second-quarter net income up 7% year-on-year (YOY), to $68.8 million, or 68 cts/share, on sales up 3%, to $1.55 billion. Adjusted earnings totaled 71...
http://www.chemweek.com/services/financial/Avery-Dennison-earnings-rise-on-higher-sales-cost-cuts_53837.html
July 22, 2013
MACROECONOMIC STATUS Our running tab of positive indicators rose by one to 17 out of 20 this week. Thus, we continue to post a green banner. Consumer prices up 0.5%; up 1.8%...
http://www.chemweek.com/services/financial/ACCs-economic-outlook-for-the-week-ended-19-July-2013_53818.html
July 22, 2013
PPG today reported second-quarter net income up 14.8% year-on-year (YOY), to $341 million, on sales up 16%, to $4.1 billion. Adjusted earnings—which exclude acquisition...
http://www.chemweek.com/services/financial/PPG-earnings-rise-on-strong-industrial-coatings-results_53740.html
July 22, 2013
RPM today reported fiscal fourth-quarter net income down 20.8% year-on-year (YOY), to $65.4 million, on sales up 6.3%, to $1.17 billion. Excluding $42.7 million in special charges...
http://www.chemweek.com/services/financial/RPM-beats-estimates-on-higher-sales_53817.html
July 18, 2013
Chemtura says it is expected second-quarter sales to decline 0.8% year-on-year (YOY), to $735 million, with second-quarter Ebitda falling 7.6%, to $109 million. The company released...
http://www.chemweek.com/services/financial/Chemtura-preliminary-results-in-line-with-expectations_53744.html
July 18, 2013
Sherwin-Williams (SW) says that Mexico’s competition commission has voted three to two against authorizing the company’s $2.34-billion acquisition of Comex, which was...
http://www.chemweek.com/services/financial/Mexican-authorities-oppose-Sherwin-Williams-acquisition_53743.html
July 18, 2013
Sherwin-Williams (SW) today reported second-quarter net income of $257.3 million, up 12.9% year-on-year (YOY), on consolidated net sales of $2.71 billion, up 5.5%, as volumes rose...
http://www.chemweek.com/services/financial/Sherwin-Williams-earnings-rise-but-fall-short-of-estimates_53742.html
July 16, 2013
Nova Chemicals is attempting to refinance up to $350 million in 8.375% senior debt with a new, $500-million private debt issue. The old debt is due in 2016, while the new debt is due...
http://www.chemweek.com/services/financial/Nova-to-refinance-up-to-$350-million-in-bonds_53679.html
July 16, 2013
Koppers says it is cutting its second-quarter 2013 earnings guidance by about 32%, to 66–70 cts/share, down from $1.00/share previously, on "volatility in demand and...
http://www.chemweek.com/services/financial/Koppers-cuts-guidance-on-weak-European-demand_53678.html
July 15, 2013
Cytec announced today that it has sold its industrial materials distribution product line to Cathay Investments (West Sussex, UK) for £5.5 million ($8.6 million). The business...
http://www.chemweek.com/services/financial/Cytec-sells-distribution-product-line-reorganizes-production-facilities_53646.html
July 15, 2013
MACROECONOMIC STATUS Our running tab of positive indicators rose by 1, to 16 out of 20 this week. Thus, we continue to post a green banner. Nonfarm Payrolls up 195,000 (above...
http://www.chemweek.com/services/financial/ACCs-economic-outlook-for-the-week-ended-12-July-2013_53647.html
June 27, 2013
H.B. Fuller’s fiscal second-quarter net income rose more than five-fold, to $25.9 million, or 51 cts/share, on revenue down 1.5% year-on-year (YOY), to $519 million. Adjusted...
http://www.chemweek.com/services/financial/H-B-Fuller-earnings-rise-on-higher-margins_53190.html
June 27, 2013
Omnova’s fiscal second-quarter net income declined 58.6% year-on-year (YOY), to $2.9 million, on sales down 11.9%, to $270.8 million. Adjusted earnings from continuing...
http://www.chemweek.com/services/financial/Omnova-beats-estimates-despite-net-income-decline_53178.html
June 26, 2013
Mosaic’s repurchasing of Class A shares, held by trusts associated with the Cargill family, cannot commence until 26 November at the earliest, the company says. Mosaic’s...
http://www.chemweek.com/services/financial/Mosaic-share-repurchases-to-wait-until-November_53149.html
June 24, 2013
MACROECONOMIC STATUS Our running tab of positive indicators was 14 out of 20 this week. Thus, we continue to post a green banner. Consumer Debt up 4.7% rate Consumer Prices up 0.1%; up...
http://www.chemweek.com/services/financial/ACCs-economic-outlook-for-the-week-ended-21-June-2013_53085.html
June 21, 2013
Arsenal Capital (New York) has acquired adhesives and sealants maker Adco Global (Lincolnshire, IL) from Aurora Capital (Los Angeles), another private equity firm. Financial details of...
http://www.chemweek.com/services/financial/Arsenal-Capital-buys-adhesives-maker-Adco_53047.html
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