IHS Chemical Week

PolyOne net income declines on one-time costs on flat revenue

October 26, 2016 | Robert Westervelt

PolyOne reported net income of $42.3 million, down 4.9% from year-on-year due mainly to higher realignment and acquisition-related costs, which resulted in a net after-tax charge of $4.7 million. Revenue of $843.6 million was up 0.2% YOY....

Bayer beats estimates, maintains guidance, details regulatory timeline for Monsanto acquisition

October 26, 2016 | Ian Young

Bayer intends to submit Monsanto acquisition by year-end for approval in the Unted States and in the first quarter of 2017 for approval in the European Union....

Novozymes profit rises on lower sales in first nine months

October 26, 2016 | Michael Ravenscroft

Novozymes (Bagsværd, Denmark) says its net profit in the first nine months of 2016 was 2,245 million Danish kroner ($328.3 million), compared with DKK 2,132 million in the year-ago period, an increase of 5% year over year (YOY), primarily driven by...

Perstorp's preliminary EBITDA up 15-17% on higher volumes, foreign exchange effects

October 26, 2016 | Francinia Protti-Alvarez

Perstorp's (Perstorp, Sweden) preliminary EBITDA for the third quarter, excluding non-recurring items, increased by 15-17% year-over-year (YOY), to between 485 million Swedish krona ($54.35 million) and KR495 million, according to the company's latest...

Siam Cement’s chemicals business reports higher profits on improved margins

October 26, 2016 | Deepti Ramesh

SCG Chemicals, the chemical subsidiary of Siam Cement Group (SCG; Bangkok, Thailand), says that net profits increased 74% in the third quarter of 2016 compared with the year-ago quarter, to 11.91 billion baht ($340 million) as a result of better margins with...

3M income up 2.5% YOY despite decline in energy and electronics

October 25, 2016 | Clay Boswell

For its third quarter, 3M (St. Paul, Minnesota) reports net income of $1.3 billion, up 2.5% year over year (YOY), on sales of $7.7 billion, flat YOY. Both were pulled down by declines in the electronics and energy segment. The industrial segment, which includes chemicals and adhesives, and 3M’s other business segments have turned in gains....

Sherwin-Williams income, sales up but miss estimates

October 25, 2016 | Jing Chen

Sherwin also announced today that senior v.p. and corporate controller Allen Mistysyn will become senior v.p./finance and CFO, effective 1 January 2017....

Covestro's third-quarter sales flat, but profit jumps on higher volumes, margins

October 25, 2016 | Michael Ravenscroft

The trend has continued from the first half of the year, Covestro says....

Air Liquide's third-quarter sales boosted by Airgas acquisition

October 25, 2016 | Francinia Protti-Alvarez

Airgas's revenue has been included in Air Liquide's figures for the first time....

Currency effects weigh on Tessenderlo's results

October 25, 2016 | Ian Young

Tessenderlo Group reports a 9.7% increase in recurring EBITDA (REBITDA) for the third quarter compared with the year-earlier period, to €43.5 million on sales down 0.9%, to €363 million. Negative currency effects weighed on earnings and revenue...

Syngenta's sales miss estimates, outlook confirmed

October 25, 2016 | Ian Young

Syngenta reports third-quarter sales of $2.5 billion, down 3% at constant exchange rates compared with the same period of last year, or up 2% excluding the impact of a change in sales terms in Brazil. Reported sales were also down 3%, to $2.52 billion, 2%...

Kemira's sales slip, profitability improves on margins and fixed costs

October 25, 2016 | Michael Ravenscroft

Kemira (Helsinki) has reported revenue of €596.3 million ($648.7 million) for the third quarter of 2016, compared with revenue of €625.1 million in the corresponding period of 2015, a decrease of 5% year over year (YOY), or 4% in local currencies...

Compass Minerals reports 66% YOY decline in income on weak deicing demand

October 24, 2016 | Clay Boswell

Compass Minerals (Overland Park, Kansas) reports third-quarter net income of 9.1 million, down 66.3% year-over-year (YOY) from $27.0 million. Sales totaled $179.6 million, down 22.8% YOY from $232.7 million. Earnings per share of $0.27 fell just shy of the average analyst estimate of $0.28. Compass attributes the results to lower sales volumes in its salt segmentand lower average selling prices in both the salt and plant nutrition segments. However, sales volumes in plant nutrition increased YOY for the first time in six quarters, and the company expects the improvement to continue in the fourth quarter....

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