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May 2, 2013
OM Group today reported a fourth-quarter net loss of $109.7 million, compared with a profit of $11.9 million in the year-ago quarter. The loss was mostly due to a $112 million non-cash...
http://www.chemweek.com/services/financial/OM-Group-beats-estimates-despite-sales-decline_51688.html
May 2, 2013
PolyOne today reported first-quarter net income from continuing operations down 26.8% year-on-year (YOY), to $11.2 million, on sales up 7.5%, to $801.1 million. Adjusted earnings...
http://www.chemweek.com/services/financial/PolyOne-net-income-declines-but-adjusted-earnings-beat-estimates_51658.html
May 1, 2013
Private equity firm SK Capital Partners (New York) has closed its $200-million acquisition of Chemtura’s antioxidants and ultraviolet stabilizers business, which was announced in...
http://www.chemweek.com/services/financial/SK-Capital-completes-Chemtura-antioxidant-and-UV-stabilizers-acquisition_51634.html
April 30, 2013
The company says it is considering the sale of its $350-million/year peroxygens business, a leading producer of hydrogen peroxide and persulfates....
http://www.chemweek.com/services/financial/FMC-considering-hydrogen-peroxide-sale_51620.html
April 30, 2013
FMC today reported first-quarter net income up 10% year-on-year (YOY), to $130.9 million, on sales up 5%, to $990.2 million. Excluding special charges, adjusted earnings totaled...
http://www.chemweek.com/services/financial/FMC-earnings-rise-on-solid-ag-biopolymers-results_51618.html
April 30, 2013
Ecolab’s first-quarter net income rose 221% year-on-year (YOY), to $159.6 million, on sales up 2%, to $2.87 billion. Excluding special charges—which had a major impact in...
http://www.chemweek.com/services/financial/Ecolab-earnings-rise-on-margin-gains_51600.html
April 29, 2013
MACROECONOMIC STATUS Our running tab of positive indicators rose by one to 15 out of 20 this week. Thus, we continue to post a green banner. Existing home sales down 0.6%; up 10.3%...
http://www.chemweek.com/services/financial/ACCs-economic-outlook-for-the-week-ended-26-April-2013_51565.html
April 29, 2013
KMG Chemicals has agreed to acquire OM Group’s electronic chemicals business in a $60-million deal, the company says. The business, known within OM Group as ultrapure chemicals...
http://www.chemweek.com/services/financial/KMG-to-acquire-OM-Groups-electronic-chemicals-business_51564.html
April 26, 2013
Minerals Technologies today reported first-quarter net income up 4% year-on-year (YOY), to $18.8 million, on sales down 2%, to $251.3 million. Earnings totaled 53 cts/share, slightly...
http://www.chemweek.com/services/financial/Minerals-Technologies-earnings-rise-4-percent_51531.html
April 25, 2013
Cabot Microelectronics net income rose 70.9% year-on-year (YOY) to $9.4 million, or 40 cts/share, on revenues up 1.1%, to $100.4 million. Higher revenue from the dielectrics and copper...
http://www.chemweek.com/services/financial/Cabot-Micro-earnings-rise-but-miss-estimates_51460.html
April 24, 2013
Ferro has reported first-quarter net income of $800,000 down 78.9% from the same quarter last year, on sales down 9.1% year-on-year (YOY), to $418 million. Excluding discontinued...
http://www.chemweek.com/services/financial/Ferro-earnings-top-estimates-despite-sales-decline_51432.html
April 24, 2013
Ashland today reported fiscal second-quarter net income down 39.8% year-on-year (YOY), to $53 million, or 68 cts/share, on sales down 5.3%, to $1.97 billion. The quarter, however...
http://www.chemweek.com/services/financial/Ashland-beats-estimates-but-abandons-2014-targets_51404.html
April 22, 2013
MACROECONOMIC STATUS Our running tab of positive indicators slipped by one to 14 out of 20 this week. Thus, we continue to post a green banner. Consumer prices down 0.2%; up 1.5%...
http://www.chemweek.com/services/financial/ACCs-economic-outlook-for-the-week-ended-19-April-2013_51338.html
April 22, 2013
In the latest salvo in the ongoing A. Schulman– Ferro fight, Schulman management today issued a statement refuting a letter Ferro sent to its shareholders last week. Schulman...
http://www.chemweek.com/services/financial/Schulman-responds-to-Ferro-shareholder-letter_51337.html
April 18, 2013
In an effort to win a proxy fight with investors FrontFour Capital and Quinpario Partners, Ferro has sent an additional letter to shareholders detailing what the company calls the...
http://www.chemweek.com/services/financial/Ferro-sends-additional-letter-to-shareholders-dissident-investors-respond_51285.html
April 18, 2013
Cytec has announced first-quarter earnings down 36.9% YOY, to $33.5 million, or 73 cts/share, on sales up 26.3%, to $477.4 million. Excluding special items, however, earnings rose...
http://www.chemweek.com/services/financial/Cytec-earnings-fall-short-of-estimates-guidance-cut-due-to-economic-risk_51297.html
April 18, 2013
PPG has reported first-quarter adjusted net income of $235 million, or $1.58/share, on sales that were flat, at $3.33 billion. Adjusted net income rose 8.8% from the year-ago quarter...
http://www.chemweek.com/services/financial/PPG-beats-estimates-on-steady-sales_51283.html
April 17, 2013
Moderate economic growth in North America is supporting credit ratings at US and Canadian chemicals companies, according to credit ratings service Standard & Poor’s (S&P...
http://www.chemweek.com/services/financial/S-and-P-Chemicals-credit-quality-supported-by-economic-growth_51262.html
April 17, 2013
MBAC Fertilizer (Toronto) has completed a C$51.7-million ($50.5 million) private placement of shares. A total of 23.48 million shares were issued and sold at C$2.20/share. The shares...
http://www.chemweek.com/services/financial/Canadas-MBAC-Fertilizer-completes-C$51-7-million-private-placement-for-Brazil-phosphate-project_51223.html
April 15, 2013
MACROECONOMIC STATUS Our running tab of positive indicators was 15 out of 20 this week. Thus, we continue to post a green banner. Retail trade down 0.4%; down 2.8% year-on-year (YOY)...
http://www.chemweek.com/services/financial/ACCs-economic-outlook-for-the-week-ended-12-April-2013_51182.html
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