IHS Chemical Week
EARNINGS/FINANCE

Trinseo reports improved earnings on stronger styrenics and polycarbonate margins

3:44 PM MDT | August 4, 2015 | Robert Westervelt

The company reported adjusted earnings of $79 million, up from $11 million in the year-ago quarter. Earnings improved due to higher margins in the basic chemicals and feedstocks segment, including styrene monomer, styrenic polymers, and polycarbonate. Reported earnings were $1.61/share, 5% above the median analyst estimate as reported by Thomson Reuters....


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MORE EARNINGS/FINANCE

Tikkurila sales fall in second quarter and first half, but profitability improves

Paints and coatings company Tikkurila (Helsinki) has reported that sales fell 7% year-on-year in second-quarter 2015, to €179.5 million ($196.9 million), compared with €192.9 million a year ago. Operating profit (Ebit) excluding nonrecurring items...

DSM net profit and revenue up, maintains guidance

DSM reports €110 million ($120.6 million) in net profit from continuing operations before exceptional items during the second quarter compared with €108 million one year earlier. The company delivered an Ebitda of €279 million, 6% higher...

Industries Qatar lifts sales and profits

Industries Qatar (Doha), a conglomerate with interests in petrochemicals, fertilizers, and steel, reported second-quarter net profit increased 20% year-on-year, to 1.5 billion Qatari rials ($411.9 million), while sales advanced 16% YOY, to QR4.4 billion...

Evonik sales increase, Ebitda rockets; raises full-year outlook again

Evonik Industries has posted sales of €3.52 billion ($3.86 billion) in the second quarter, up 8% year-on-year (YOY). Adjusted net income leaped by 70% YOY, to €307 million. Adjusted Ebitda rose consecutively to reach €661 million, up 40% YOY...

Westlake Chemical Partners reports net income of $10.4 million

Westlake Chemical Partners LP (Westlake Partners; Houston) reports second-quarter net income attributable to the partnership of $10.4 million. Earnings of 39 cts per limited partner unit were equal to the analysts’ consensus estimate compiled by Thomson Reuters (New York) Reuters....

Balchem earnings up 53% on Sensory Effects acquisition and margin gains

Balchem reported second-quarter net earnings of $14.9 million, up 53% year-on-year (YOY). Revenue increased 2% (YOY), to $134.7 million. Reported adjusted earnings of 62 cts/share were 11% above analyst estimates as reported by Thomson Reuters. “These...

Axalta results hit by strong dollar

Axalta today reported a second-quarter net loss of $25.1 million, compared with a profit of $53.8 million in the year-ago quarter. Sales declined 3.5% year-on-year (YOY), to $1.09 billion. Adjusted earnings, excluding currency impacts and asset impairment...

Idemitsu Kosan’s petrochemical business reports rise in operating profits

The petrochemical business of Idemitsu Kosan reports operating profits rose 40% in its fiscal first quarter, ended 30 June 2015, compared with the year ago quarter, to ¥9.0 billion ($72.5 million), as a result of higher product margins. First-quarter...

Westlake income well ahead of consensus

Westlake reports second-quarter net income of $205.1 million, up 21.1% year-over-year (YOY), on sales of $1.185 billion, up 18.6% YOY. Strong results in vinyls offset declines in olefins. Earnings per diluted share increased 22% YOY to $1.54, easily beating analysts’ consensus estimate of $1.21/share....

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