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October 31, 2012
Ferro swung to a $316-million net loss for the third-quarter, compared with a $19.3-million profit in the year-ago period, on sales down 24% year-on-year (YOY), to $415 million...
http://www.chemweek.com/services/financial/Ferro-swings-to-loss-on-drastically-lower-demand_47378.html
October 31, 2012
Quaker Chemical today reported net income down 22%, to $10.5 million, or 80 cts/share, on sales down 0.8%, to $180.9 million. Volumes were up 5% year-on-year, but exchange rates...
http://www.chemweek.com/services/financial/Quaker-Chemical-earnings-hit-by-strong-dollar_47374.html
October 30, 2012
Ashland today reported a fiscal fourth-quarter net loss from continuing operations of $272 million, or $3.47/share, on a $3.88/share actuarial pension loss and a 80 cts/share loss...
http://www.chemweek.com/services/financial/Ashland-results-hit-by-pension-debt-charges-but-beat-estimates_47360.html
October 30, 2012
FMC today reported third-quarter net income was up 3.7% year-on-year (YOY), to $90 million, on sales up 5%, to $902.4 million. Adjusted earnings totaled 79 cts/share, slightly higher...
http://www.chemweek.com/services/financial/FMC-earnings-rise-on-higher-sales-full-year-guidance-maintained_47335.html
October 29, 2012
MACROECONOMIC STATUS Our running tab of positive indicators was 15 out of 20 this week. Thus, we continue to post a green banner. GDP 3Q up 2.0% rate; up 2.3% Y/Y New Home Sales up...
http://www.chemweek.com/services/financial/ACCs-Economic-Outlook-for-the-Week-Ended-26-October-2012_47323.html
October 25, 2012
Sherwin-Williams (SW) reported third-quarter net income rose 31% year-on-year (YOY), to $235 million, or $2.24/share. Earnings beat analysts’ estimates of $2.20/share, as...
http://www.chemweek.com/services/financial/Sherwin-Williams-beats-estimates-on-higher-prices-paint-stores-volumes_47228.html
October 24, 2012
A. Schulman’s fiscal fourth-quarter adjusted net income fell 6% year-on-year, to $14.1 million, or 48 cts/share, as sales growth was adversely impacted by a strong dollar...
http://www.chemweek.com/services/financial/Schulman-earnings-hit-by-strong-dollar-but-beat-estimates_47213.html
October 24, 2012
Avery Dennison’s third-quarter net income increased 17% year-on-year (YOY), to $58.3 million, on sales down 0.8%, to $1.4 billion. Adjusted earnings from continuing operations...
http://www.chemweek.com/services/financial/Avery-Dennison-net-income-up-17-percent-beats-estimates_47211.html
October 24, 2012
3M’s third-quarter net income rose 6.7% year-on-year (YOY), to $1.16 billion, on sales down 0.4%, to $7.5 billion. Sales were up 2.2% in local currencies, but currency impacts...
http://www.chemweek.com/services/financial/3M-cuts-guidance-sales-fall-on-currency-impacts_47162.html
October 22, 2012
Agrium said today it will buy back 8.72 million shares, 5.5% of total share’s outstanding, at a price of C$103/share ($104/share). The buyback, which took the form of a...
http://www.chemweek.com/services/financial/Agrium-buying-back-8-72-million-shares_47110.html
October 22, 2012
MACROECONOMIC STATUS Our running tab of positive indicators slipped to 14 out of 20 this week. Thus, we continue to post a green banner. Retail Sales up 1.1%; up 5.4% year-on-year...
http://www.chemweek.com/services/financial/ACCs-economic-outlook-for-the-week-ended-19-October-2012_47108.html
October 19, 2012
Sensient Technologies third-quarter earnings rose 2.7% year-on-year (YOY), to $32.9 million, on revenues up 1.5%, to $369.4 million. Earnings totaled 66 cts/share, matching...
http://www.chemweek.com/services/financial/Sensient-Technologies-earnings-rise-on-higher-margins_47086.html
October 18, 2012
Cytec’s third-quarter adjusted earnings from continuing operations rose 68% year-on-year, to $42.8 million, or 91 cts/share. Adjusted earnings easily beat analysts’...
http://www.chemweek.com/services/financial/Cytec-beats-estimates-raises-guidance_47073.html
October 18, 2012
PPG’s third-quarter net income was up 9% year-on-year (YOY), to $339 million, on strong automotive coatings volumes and price increases. Sales were flat, at $3.85 billion...
http://www.chemweek.com/services/financial/PPG-earnings-rise-9-percent-on-auto-strength-price-increases_47055.html
October 17, 2012
Albemarle’s third-quarter net income fell 14% year-on-year, to $99.3 million, on sales down 8.5% to $661.2 million. Earnings totaled $1.10/share, beating analysts’...
http://www.chemweek.com/services/financial/Albemarle-net-income-falls-14-percent-on-pricing-and-volume-declines_47047.html
October 17, 2012
Ecolab has agreed to sell its vehicle care division to Zep (Atlanta), a maker of cleaning and sanitizing products, for $120 million. The business, which makes cleaning and maintenance...
http://www.chemweek.com/services/financial/Ecolab-selling-vehicle-care-business-for-$120-million_47030.html
October 15, 2012
MACROECONOMIC STATUS Our running tab of positive indicators slipped to 14 out of 20 this week. Thus, we continue to post a green banner. Consumer Credit up 0.7%; up 5.5% year-on-year...
http://www.chemweek.com/services/financial/ACCs-economic-outlook-for-the-week-ended-12-October-2012_46997.html
October 12, 2012
KMG Chemicals fiscal fourth-quarter net income more than tripled from the year-ago period, to $3.9 million, on higher profit margins and a lower cost of sales. Sales declined 4.7%...
http://www.chemweek.com/services/financial/KMG-Chemicals-net-income-soars_46955.html
October 12, 2012
Momentive Performance Materials (MPM) is planning to issue $1.1 billion in first-priority senior secured debt due 2020 in a private placement. The notes, which will carry an interest...
http://www.chemweek.com/services/financial/Momentive-issuing-$1-1-billion-in-debt-update_46911.html
October 10, 2012
Ferro says it is considering the sale of its solar pastes business “in an effort to eliminate its drag on ... earnings and cash flow,” says CEO James Kirsch...
http://www.chemweek.com/services/financial/Ferro-considering-sale-of-solar-pastes-business-guidance-cut-by-42-percent_46852.html
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