Hexion Inc. Announces Second Quarter 2018 Results
Second Quarter 2018 Highlights
• Net sales of $995 million, a 9% increase versus prior year
• Net loss of $21 million
• Segment EBITDA of $128 million, a 28% increase versus prior year
• Liquidity of $322 million

Hexion Inc. (“Hexion” or the “Company”) today announced results for the second quarter ended June 30, 2018. “Strong results in our base epoxy resins and forest products businesses drove year over year Segment EBITDA gains of 28% and sales growth of 9% in the second quarter of 2018,” said Craig A. Rogerson, Chairman, President and CEO. “Our results also reflected improved performance in our specialty epoxy resins business, primarily due to ongoing growth in our waterborne coatings business, as well as the positive impact of our recent structural cost reduction initiatives.”
Mr. Rogerson added: “We continue to expect strong year-over-year Segment EBITDA growth in the second half of 2018 reflecting solid demand in our global forest products business and continued strength in market fundamentals in base epoxy resins, which are expected to persist for the foreseeable future. We also anticipate that continued environmental regulation and long-term secular growth in renewable energy will support gains in our waterborne coatings and wind energy business over the next few years. Finally, we generated $41 million of operating cash flow in the second quarter and we remain focused on generating improved cash flow in 2018.”

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