IHS Chemical Week
EARNINGS/FINANCE

Metabolix announces 1-for-6 reverse stock split

2:53 PM MDT | May 26, 2015 | Rebecca Coons

Biopolymers firm Metabolix (Cambridge, MA) announced a 1-for-6 reverse stock split intended to increase the market price per share of its common stock and allow it to maintain the listing of its common stock on The NASDAQ Capital Market. The reverse stock...


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SQM's first-quarter net income shrinks

Sociedad Química y Minera de Chile (SQM; Santiago) reports net income of $71.7 million for the first quarter, down from $81 million one year earlier. Income before tax was $99.6 million, shrinking almost 10% year-on-year (YOY). Revenue also took a hit...

EuroChem's first-quarter profits rise, lower fertilizer prices hurt sales

EuroChem Group (Zug, Switzerland), a leading global fertilizer producer, on Wednesday reported consolidated revenues for the first three months of 2015 of $1.24 billion, 13% down on the year-earlier quarter, and Ebitda of $461 million, up 14% on the first...

OCI reports lower sales and production volumes due to plant upgrades, gas shortages

OCI (Amsterdam), a global producer of fertilizers and methanol, in its trading update on Wednesday said that first quarter 2015 revenue was lower than in the same period last year, mainly due to a decrease in product volumes sold. However, consolidated...

Frutarom reports record first-quarter results, confirms targets

Flavors and fine ingredients firm Frutarom (Herzliya, Israel) on Wednesday reported a substantial rise in first-quarter sales and earnings, following a spree of acquisitions, including six this year. Sales were 7.8% higher year-on-year (YOY) at $194.2 million...

Victrex reports increase in revenue and profit in first half

Victrex (Thornton Cleveleys, UK), the leading global producer of the high-performance polymer polyetheretherketone (PEEK), on Tuesday announced its first-half year performance. Profit before tax was up 10%, at £53.9 million ($84.1 million), on 9% higher...

Sumitomo Seika Chemicals reports fall in profits

Sumitomo Seika Chemicals (Osaka) reports a 2% fall in net profits for the fiscal year, ended 31 March 2015, compared with the previous fiscal year, to ¥5.54 billion ($46.2 million). Full-year sales decreased 2.3%, to ¥92.7 billion. During the fiscal...

Merck KGaA reports higher first-quarter sales and earnings, confirms guidance

Merck KGaA (Darmstadt, Germany) on Tuesday reported a rise in first-quarter earnings and revenues, buoyed by recent acquisitions. The company has confirmed its guidance for 2015. Ebit was up 2.5%, to €480.0 million ($542.1 million), with sales 16%...

Alpek's first-quarter net income up despite lower prices, due to higher sales volume

Alpek’s (Monterrey, Mexico) first-quarter net income totaled $48 million, up 32% year-on-year (YOY), according to the latest company's results. Ebitda was up to $137 million from $105 million in the first quarter of last year. Ebitda grew both on annual...

Tikkurila reports lower sales but strong profitability in first quarter

Paints and coatings company Tikkurila (Helsinki) says revenue in the first three months of 2015 was €133.2 million ($148.5 million), down 5.8% year-on-year (YOY) compared with revenue of €141.5 million in the year-ago quarter. Operating profit...

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