IHS Chemical Week
EARNINGS/FINANCE

LG Chem reports falls in profits, sales

11:59 AM MDT | April 17, 2015 | Deepti Ramesh

LG Chem (Seoul), South Korea s largest chemical company, says net profits declined 14% in the first quarter of 2015 compared with the year-ago period, to 246.1 billion South Korean won ($227.2 million). First-quarter sales decreased 13%, to won4.91 trillion...


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Honeywell's performance materials and technologies segment increases quarterly profit

Honeywell reports that its performance materials and technologies segment turned in first-quarter profit of $503 million, up 6% year-over-year (YOY). Sales declined 5% YOY, to $2.34 billion....

Reliance reports 8.5% rise in quarterly profits

Reliance Industries says net profits for the company’s fiscal fourth quarter, ended 31 March 2015, increased 8.5% compared with the same period of the previous fiscal year, to about 63.81 billion Indian rupees ($1.02 billion). Fourth-quarter sales...

Syngenta's first-quarter sales hurt by slow start in the Americas, currency effects

Syngenta, the global leading producer of agricultural chemicals, today reported flat first-quarter sales of $4.0 billion, including the lawn and garden business, and retained its full year guidance. Integrated sales were up 1% at constant exchange rates but...

Celanese income up 20% YOY, beats analyst estimates

Celanese (Dallas) reports net income for the first quarter of $234 million, up 20% year-over-year (YOY) from $195 million. Sales totaled $343 million, up 4% YOY from $331 million. Earnings of $1.53/share beat the analysts’ consensus estimate of $1.35/share, as compiled by Thomson Reuters (New York). Celanese also raised full-year 2015 estimates, by roughly 9.5%, citing strength in acetyls and materials as well as productivity gains....

Cytec beats estimates on higher sales and volumes

Cytec today announced first-quarter net earnings down 31.5% year-on-year (YOY), to $42.5 million, or 58 cts/share, on sales up 5.3%, to $515 million. Excluding special items, mainly mark-to-market adjustments for pension and other items, earnings totaled...

Sherwin-Williams earnings fall short of estimates due to currency impacts

Sherwin-Williams (SW) today reported first-quarter net income up 13.8% year-on-year (YOY), to $131.4 million, on sales up 3.5%, to $2.45 billion. Earnings totaled $1.38/share, short of analysts’ consensus estimate of $1.44/share, as reported by Thomson...

Sahara, Advanced and Ma'aden report first-quarter results

More Saudi firms today announced their first-quarter results. Sahara Petrochemical Co. reported first-quarter net loss of 49.5 million Saudi riyals ($13.2 million) compared with a net profit of SR99.9 million in the year-earlier quarter. The company...

PPG beats estimates on cost cuts

PPG Industries today reported first-quarter net income from continuing operations totaling $321 million, or $2.33/share, up 15.9% year-on-year (YOY), on sales up 1%, to $3.7 billion. Adjusted net income from continuing operations totaled $327 million, or...

Saudi Kayan reports large first-quarter losses

Saudi Kayan, a Sabic affiliate, today reported a large loss for the first quarter of this year. Net loss reached 591.64 million Saudi riyals ($157.7 million). This compares with a net profit of SR9.94 million in the year-earlier quarter. Operating loss in the...

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