IHS Chemical Week
EARNINGS/FINANCE

Albemarle earnings beat estimates on strong catalysts results

4:05 PM MDT | October 22, 2014 | Vincent Valk

Albemarle today reported third-quarter net income from continuing operations down 9.6% year-on-year (YOY), to $88 million, or 93 cts/share, on sales up 9%, to $642.4 million. Adjusted earnings, however, rose 5% YOY, to $1.14/share, beating analysts’...


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Schulman earnings beat estimates on solid sales increases

A. Schulman today reported fiscal fourth-quarter net income of $15.2 million, compared with a net loss of $2.7 million in the year-ago quarter, on sales up 16.8% year-on-year (YOY), to $627.4 million. Adjusted income rose 20.4% YOY, to $19.5 million, or 66...

Schulman to cut support functions in EMEA restructuring

A. Schulman announced today that it is cutting 40 jobs in Europe, the Middle East, and Africa (EMEA), mostly in back office and support functions, as part of a restructuring to “align operations with current market conditions in the region.”...

BASF profits in India hit by precommissioning costs, adverse weather

BASF's business in India (Mumbai) reports sales of 12.1 billion Indian rupees ($197.3 million) in the quarter ended 30 September compared with Rs10.6 billion in the year-earlier quarter. Profit before interest and tax stands at Rs35 million compared with...

Stepan falls short of estimates on weak surfactants results

Stepan today reported fiscal third quarter net income down 34% year-on-year (YOY), to $13.5 million, on sales up 3%, to $491.4 million. Adjusted net income declined 16% YOY, to $15.6 million, or 68 cts/share, well short of analysts’ consensus estimate...

Grace reports rise in sales, curbs full-year guidance

W.R. Grace today reported third-quarter net income of $74.5 million, down 3% year-over-year (YOY) on higher corporate and other expenses. Reported adjusted earnings of $1.07/share were down 8.5% YOY but surpassed analyst estimates of 95 cts/share, according to Thomson Reuters (New York). Sales grew 11% YOY, to $856.4 million due to higher sales volumes, improved pricing, and favorable currency translation—with acquisitions contributing 4% to growth, the company says. Adjusted Ebit for the third quarter was $180.9 million, up 27% YOY....

Dow Chemical posts 43% third-quarter net income gain

Dow Chemical posted net income of $852 million, up 43% from the year-ago quarter, led by strong gains in performance materials, performance plastics, and electronic materials. Revenues were up 4.9%, to $14.4 billion. Reported adjusted earnings of 72 cts/share were up 44% YOY and 6.6% above the median analyst estimate as reported by Thomson Reuters....

Mitsubishi Chemical upgrades earnings projections

Mitsubishi Chemical Holdings, the parent of Mitsubishi Chemical, has revised its earnings and sales forecasts for the fiscal first half, ended 30 September. Mitsubishi expects to record a net profit of ¥33 billion ($309 million) for the first half of the...

Kemira improves profitability on lower sales in third-quarter 2014

Kemira (Helsinki) has announced Ebitda of €69.9 million ($89.3 million) in third-quarter 2014, compared with €68.9 million in the corresponding period in 2013, or 1.5% year-on-year (YOY). Ebitda margin was 12.9%, versus 12.4% a year ago. Revenue in...

Yara reports higher sales and earnings buoyed by lower energy costs

Yara International (Oslo), a leading global fertilizer producer, today reported increases in third-quarter earnings and revenues. Net income, after minority interest, rose by 9% to 1.71 billion Norwegian Krone ($259.59 million) on 17% higher revenue and...

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