IHS Chemical Week
EARNINGS/FINANCE

Carlyle to sell additional Axalta shares

3:28 PM MDT | March 30, 2015 | Vincent Valk

Private equity firm The Carlyle Group (Washington, DC) has announced it is selling 35 million shares in Axalta in a secondary offering. The exact timing and price of the offering have not been disclosed. Carlyle currently owns about 74.1% of Axalta, and will...


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Mosaic expects new potash tax rules to cost an additional $80-$100 million

Mosaic announced today that the expected impact from the recent changes in Saskatchewan's Potash Production Tax (CRT) calculation will increase the Company's 2015 CRT pre-tax payments by $80-$100 million. The increase is in addition to Mosaic's original...

Momentive Performance Materials Ebitda rises after bankruptcy

Momentive Performance Materials (MPM) today reported fourth-quarter net sales of $603 million, down 2% year-on-year (YOY), with segment Ebitda totaling $61 million, up 17%. The company reports a net gain of nearly $2 billion due to restructuring items, since...

Report: Fidelity stepping in to resolve DuPont proxy fight

Investment firm Fidelity (Boston) has stepped in to urge a solution to the proxy battle between DuPont and activist hedge fund Trian Fund Management (New York), according to a Reuters report. Trian disclosed in an SEC filing last week that it had been...

PetroChina’s chemicals business loss narrows

PetroChina’s refining and chemicals business segment recorded an operating loss of 23.6 billion renminbi ($3.79 billion) in 2014 compared with an operating loss of Rmb24.4 billion in 2013. PetroChina’s chemicals business alone had an operating...

Russian petchems producer NKNK reports higher sales and earnings

Nizhnekamsknefetkhim (NKNK; Nizhnekamsk, Russia), a major producer of petrochemicals, today reported its full-year results with sales in 2014 advancing 8.7% to 137.0 billion Russian ruble ($2.4 billion). Ebitda grew 22.5% year-on-year (YOY) to R16.2 billion...

Gevo narrows loss, advances ethanol and isobutanol production at Luverne plant

Renewable chemicals and fuels firm Gevo (Englewood, CO) reports a net loss of $11.1 million (11 ct/share) for its fiscal fourth quarter, compared with a net loss of $17.3 million (35 cts/share) in the year-ago quarter. Analysts had expected a loss of 13...

H.B. Fuller earnings fall on currency, full-year guidance reaffirmed

H.B. Fuller has reported fiscal first-quarter net income down 34% year-on-year (YOY), to $9.7 million, or 19 cts/share, on net revenue down 3.2%, to $470.7 million. Adjusted earnings fell 39% YOY, to 30 cts/share. Revenues fell largely because of negative...

OCP reports increase in sales and profits, seeking larger market share

OCP (Casablanca), the world’s largest phosphate producer and a leading global fertilizer player, today reported results covering fourth-quarter and full-year 2014. The company's fourth-quarter sales increased 21%, to $1.2 billion, with Ebitda rising...

Trian files new DuPont proxy, slams Kullman over stock options

Activist hedge fund Trian fund Management (New York) today filed a definitive proxy statement with SEC for its four director nominees to stand for election to DuPont’s board at the company’s next annual meeting. The four nominees are Trian founder...

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