IHS Chemical Week
FINANCIAL

Sherwin-Williams beats estimates on sales increase

11:02 AM MDT | April 17, 2014 | Vincent Valk

Sherwin-Williams (SW) has reported first-quarter net income down 0.6% year-on-year (YOY), to $115.5 million, on sales up 9.2%, to $2.37 billion. Earnings totaled $1.14/share, including a 12 cts/share loss related to the Comex acquisition. SW terminated its...


Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com
MORE FINANCIAL

PPG earnings beat estimates on higher volumes

PPG today reported net income from continuing operations up 45% year-on-year (YOY), to $277 million, on sales from continuing operations up 17%, to $3.6 billion. Adjusted earnings, excluding a small restructuring charge, totaled $1.98/share, beating...

Schulman sets double-digit sales and earnings growth targets

A. Schulman has announced that it is aiming to grow sales by 10-11%/year through 2018, to $3.6-$3.7 billion. The company is also aiming to grow adjusted earnings by an average of 19-20%/year through 2018, to $4.50-$4.75/share, and adjusted Ebitda by...

Sensient, FrontFour trade volleys in advance of shareholder meeting

Dissident hedge fund FrontFour Capital (Greenwich, CT) today released a new letter to Sensient shareholders accusing the company of governance shortfalls and of a failure to disclose aspects of the proxy fight to shareholders. The letter notes that Sensient...

Sensient swings to loss on restructuring charges, raises guidance

Sensient Technologies has reported a first-quarter net loss of $2.08 million, or 4 cts/share, compared with a profit of $21.4 million, or 43 cts/share, in the year-ago quarter, due mostly to restructuring charges. Excluding restructuring costs, which totaled...

Momentive Performance Materials files for Chapter 11 (updated)

Silicones and quartz maker Momentive Performance Materials (MPM; Albany), which is controlled by private-equity firm Apollo Management, has filed for Chapter 11 bankruptcy protection in an attempt to implement a "pre-negotiated" restructuring plan to reduce debt by $3 billion. All of MPM’s silicones and quartz businesses will continue to operate normally during this period, the company adds....

ACC's economic outlook for the week ended 11 April 2014

MACROECONOMIC STATUS Our running tab of positive indicators was 15 out of 20 this week. Thus, we continue to post a green banner. Consumer debt up 6.4%; up 5.6% year-on-year (YOY) Wholesale trade up 0.7%; up 3.1% YOY Producer prices up 0.5%; up 1.4% YOY...

Shareholder advisory firm weighs in against Sensient dissidents

Shareholder advisory firm ISS (New York) issued a report yesterday recommending a vote against a hedge fund’s dissident director slate at Sensient Technologies. FrontFour Capital (New York) nominated four directors to Sensient’s board in February...

Sherwin-Williams terminates Comex Mexico acquisition

Sherwin-Williams (SW) announced today that it is terminating its agreement to acquire Mexican paint supplier Comex, which has run into antitrust issues in Mexico. SW has already completed the acquisition of Comex’s operations in the US and Canada. The...

Cool Planet closes series-D financing round on target

Cool Planet Energy Systems (Camarillo, CA) has closed its series-D financing round at the targeted $100 million, the company announced. All of the current strategic and venture investors added to their investment in this round, and the company says it...

Financial Archives »











 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2012 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa