IHS Chemical Week
COMPANIES

Mosaic earnings down, CEO to return from medical leave

11:19 AM MDT | July 31, 2014 | Lindsay Frost

Mosaic today reported its results for the second quarter, with net income of $248 million down 73% year-over-year (YOY) with earnings per share of 64 cts/share below analyst estimates of 74 cts/share, according to Thomson Reuters (New York). Notable items...


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Agrium potash mine down on mechanical failure

Agrium announced that its potash mine at Vanscoy, Saskatchewan experienced a mechanical failure on its main hoist system. As a result, production has been shut down. Due to the outage, the company says it will bring forward the planned turnaround to tie-in...

Westlake closes €490-million Vinnolit acquisition

Westlake Chemical has closed the previously announced €490-million ($656.5 million) acquisition of polyvinyl chloride (PVC) manufacturer Vinnolit Holdings (Ismaning, Germany) and its subsidiary companies, from private equity firm Advent International...

Solvay to sell Eco Services sulfuric acid business to CCMP Capital Advisors

Solvay says it has signed a binding agreement to sell its US-based sulfuric acid virgin production and regeneration business Eco Services to CCMP Capital Advisors, following a bidding process.  The transaction terms correspond to an enterprise value of...

Solvay reports 2% rise in sales, adjusted Ebit jumps 56%, confirms full-year outlook

Solvay today reported net sales for second-quarter 2014 of €2.64 billion ($3.54 billion), an increase of 2% year-on-year (YOY). Operating profit (adjusted Ebit) was €291 million, up 56% YOY. Adjusted net income was (€331 million), compared with...

Air Liquide's quarter-two revenue down 2.4%

Air Liquide reported €3.77 billion in revenues during the second quarter, down 2.4% year-on-year (YOY), according to the company's results published today. The figures exclude foreign exchange, cost of natural gas, and significant M&A impacts...

FMC earnings rise as ag rebounds, but fall short of estimates

FMC today reported net income of $109.1 million, or 81 cts/share, down 8% year-on-year (YOY), on revenues up 13%, to $987.8 million. Excluding special charges, adjusted earnings totaled $1.01/share, up 9% YOY and slightly short of analysts’ consensus...

Albemarle earnings fall on discontinued operations, but beat estimates

Albemarle today reported second-quarter down 73% year-on-year (YOY), to $22.5 million, on sales up 5%, to $604.7 million. Net income fell due to an accounting loss on discontinued operations, namely the antioxidants, ibuprofen and propofol businesses...

Intrepid Potash reports earnings drop, CFO resigns

Intrepid Potash today announced its second quarter results, as well as the resigning of its current CFO Dave Honeyfield—effective 29 August. Honeyfield is resigning in order to pursue an opportunity with a newly formed company in the oil and gas...

Ferro earnings up as specialty plastics, polymer additives businesses discontinue

Ferro today announced its second quarter results from continuing operations, and the company now fully recognizes substantially all of its specialty plastics and polymer additives segments as discontinued operations. The company sold specialty plastics to A...

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