Highlights Q3 2023 (compared with Q3 2022)  AkzoNobel CEO, Greg Poux-Guillaume, commented:  “Our third quarter results show a solid rebound in profit and continued improvement of our margins, despite an adverse currency impact. While volumes were flat, we are increasingly benefitting from the easing of raw material costs. Higher profits and improving working capital management both contributed to a leverage ratio of 3.2, which keeps us on track … Continue reading AkzoNobel rebound continues in the third quarter with solid profit growth and robust cash generation

The Sherwin-Williams Company (NYSE: SHW) announced its financial results for the third quarter ended September 30, 2023. All comparisons are to the third quarter of the prior year, unless otherwise noted. SUMMARY CEO REMARKS “Sherwin-Williams delivered strong third quarter results in an environment where demand remained highly variable by end market and region, and against a challenging prior year comparison,” said Chairman and Chief Executive Officer, … Continue reading The Sherwin-Williams Company to Report 2023 Third Quarter Financial Results

Third Quarter Consolidated Results $ in millions, except EPS 3Q 2023 3Q 2022 Y-O-Y change Net sales $4,644 $4,468 +4% Net income $426 $329 +29% Adjusted net income(a) $493 $393 +25% EPS $1.79 $1.39 +29% Adjusted EPS(a) $2.07 $1.66 +25% (a) Reconciliations of reported to adjusted figures are included below  Chairman and CEO Comments Tim Knavish, PPG chairman and chief executive officer, commented on the … Continue reading PPG to report third quarter financial results; raises full-year EPS guidance

In an economic environment that was in line with that of recent quarters and marked by weak demand in most end markets, Arkema’s margin held up well, benefiting from the Group’s repositioning toward Specialty Materials. Arkema furthermore confirms its guidance for 2023. Following Arkema’s Board of Directors’ meeting held on 27 July 2023 to approve the Group’s consolidated financial statements for the first half of 2023, Chairman … Continue reading Arkema to report second-quarter 2023 results

SONGWON Industrial Group published its Q2 and half-year financial results for the 2023 financial year. Over the quarter, the Group achieved consolidated sales of 269,232 Million KRW marking a decrease in revenues over the same quarter of the previous year of 21.4% (342,735 Million KRW). Year-to-date (YTD), the Group realized consolidated sales of 536,399 Million KRW, representing a 21.3% decline over YTD June 2022 (681,168 … Continue reading SONGWON Industrial Group to announce Q2/2023 Financial Results

Evonik posted adjusted EBITDA of €450 million in the second quarter of 2023, a slight improvement compared with the first quarter (€409 million). Earnings were buoyed by strict cost-cutting measures. Compared with the same period last year, adjusted EBITDA fell by 38 percent. Evonik already published preliminary figures for the second quarter on July 10.”Germany is in a recession, Europe as well, and the economy … Continue reading Evonik to post significant profit decline in second quarter | Economic environment remains difficult

Wacker Chemie AG saw its sales and earnings decline in the second quarter of 2023 due to the persistently difficult market environment. The Munich-based chemical company generated sales of €1.75 billion in the reporting quarter (Q2 2022: €2.17 billion), down 19 percent. This decrease was chiefly due to lower selling prices and volumes. Exchange-rate effects also reduced sales. Compared with the preceding quarter (€1.74 billion), … Continue reading Weak Demand in Chemical Business Impacts WACKER’s Sales and Earnings Growth in Q2 2023

Achieved Adjusted EBITDA at the high end of the guided range Generated free cash flow above expectations Tronox Holdings plc (NYSE:TROX) (“Tronox” or the “Company”), the world’s leading integrated manufacturer of titanium dioxide (“TiO2“) pigment, today reported its financial results for the quarter ending June 30, 2023, as follows: Second Quarter 2023 Financial Highlights: Q3 2023 Outlook: This outlook is based on Tronox’s views on current … Continue reading Tronox earnings up sequentially on recovering TiO2

PPG (NYSE:PPG) today reported financial results for the second quarter 2023.Second Quarter Consolidated Results $ in millions, except EPS 2Q 2023 2Q 2022 Y-O-Y change Net sales $4,872 $4,691 +4% Net income(a) $490 $443 +11% Adjusted net income(a)(b) $534 $430 +24% EPS(a) $2.06 $1.86 +11% Adjusted EPS(a)(b) $2.25 $1.81 +24% (a) From continuing operations (b) Reconciliations of reported to adjusted figures are included below President … Continue reading PPG reports record second quarter financial results; raises full-year guidance

Q2 2023: Outlook 2023: BASF has released preliminary figures for the second quarter of 2023. Sales declined by an expected 25% in the second quarter of 2023 to €17,305 million (Q2 2022: €22,974 million). This was mainly driven by considerably lower prices and volumes; negative currency effects also contributed to the sales decline. Sales were thus lower than average analyst estimates for the second quarter of 2023 (Vara: €19,355 million).EBIT … Continue reading BASF Group achieves Q2 2023 EBIT before special items in line with analyst consensus and adjusts outlook for 2023

Highlights Q1 2023 (compared with Q1 2022)  AkzoNobel CEO, Greg Poux-Guillaume, commented:  “In the first quarter of 2023, our key markets proved to be resilient despite unfavorable macroeconomic conditions. We delivered higher volumes than expected with healthy pricing dynamics, leading to further margin expansion.   “We were able to achieve a strong sequential improvement in profitability based on solid margin management, better than anticipated volumes in … Continue reading AkzoNobel’s first quarter volumes above expectation with robust pricing; Europe resilient and China rebounding

Essen, Germany. Despite a difficult first quarter, Evonik confirms its earnings forecast for 2023. “The start to the year was even more challenging than we feared,” says Christian Kullmann, Chairman of the Executive Board. “However, we saw signs of a business recovery during the course of the first quarter. Both February and March were better than the preceding month in terms of operating profit.” The first … Continue reading Evonik Q1 Profit Drops

PPG (NYSE:PPG) today announced that first quarter 2023 adjusted earnings per diluted share (EPS) is expected to be between $1.52 and $1.58, which exceeds the company’s previously communicated guidance of $1.10 to $1.20. “The pace of our operating margin recovery accelerated during the quarter, driven by higher sales volumes and additional selling price capture,” said Tim Knavish, PPG president and chief executive officer. “Our stronger … Continue reading PPG expects first quarter financial results to exceed previous guidance; detailed financial update to be provided April 20

· With sales of €11.5 billion, strong earnings growth in the year and excellent cash generation including the slowdown in demand in Q4· Acceleration of opportunities in innovative materials for sustainable development· Strengthening of the climate plan and further progress made in the CSR area Following Arkema’s Board of Directors’ meeting, held on 22 February 2023 to approve the Group’s consolidated financial statements for 2022, Chairman … Continue reading Arkema publish full-year 2022 results 

Outlook 2023: BASF Group has shown resilience in the 2022 business year in a challenging market environment that was dominated by the consequences of the war in Ukraine and in particular by increased raw material and energy prices. As Dr. Martin Brudermüller, Chairman of the Board of Executive Directors, and Dr. Hans-Ulrich Engel, Chief Financial Officer, explained during the presentation of the figures for 2022, … Continue reading BASF Group: Reporting on the 2022 business year

Grows revenue on increased pricing, despite macro-economic headwinds impacting volumes and results. Akzo Nobel N.V. published its results for Q4 and full-year 2022. In terms of sales, fourth quarter sales were €2,606 million, with full year sales of €10,846 million. Highlights Q4 2022 (compared with Q4 2021)• Revenue up 8% and 9% higher in constant currencies; pricing up 11%, volumes 9% lower• Operating income at … Continue reading AkzoNobel earnings drop on weak demand, lower volumes