The Sherwin-Williams Company (NYSE: SHW) announced its financial results for the third quarter ended September 30, 2021. All comparisons are to the third quarter of the prior year, unless otherwise noted. SUMMARY Consolidated net sales increased 0.5% in the quarter to $5.15 billion Net sales from stores in U.S. and Canada open more than twelve calendar months decreased 2.8% in the quarter Raw material availability issues … Continue reading The Sherwin-Williams to Reports 2021 Third Quarter Financial Results | Earnings decline on raw material availability, cost issues

 Axalta Coating Systems Ltd. (NYSE:AXTA) (“Axalta”), a leading global coatings company, announced its financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Highlights: Net sales increased 6.0% year-over-year with substantial growth of 14.1% from Performance Coatings more than offsetting continued weakness in Light Vehicle due to auto OEM production constraints Income from operations of $124.7 million versus $141.7 million in Q3 2020; Adjusted EBIT of $146.0 million compared … Continue reading Axalta to Release Third Quarter 2021 Results

Record third quarter net sales of nearly $4.4 billion, about 19% higher than prior year Organic sales growth led by higher selling prices of nearly 6% Reported earnings per diluted share (EPS) of $1.43 and adjusted EPS of $1.69 Increased supply disruptions negatively impacted sales and manufacturing costs Raw material cost inflation of about 25% year-over-year Plan to execute share repurchases in the fourth quarter; … Continue reading PPG Reports Third Quarter 2021 Financial Results

Highlights Q3 2021 – Pricing up 9% compared with Q3 2020. Revenue 6% higher (up 5% from Q3 2019*, in constant currencies1) – Raw material and other variable costs increased €278 million compared with Q3 2020 – Adjusted operating income2 lower at €241 million (2020: €353 million), ROS3 at 10.0% (2020: 15.5%) – €1 billion share buyback started April 27, 2021; €557 million completed by end of … Continue reading AkzoNobel to deliver 6% revenue growth in Q3 | Pricing initiatives in place to offset raw material headwinds by end of 2021

Celanese Corporation, a global chemical and specialty materials company, today confirmed a declaration of force majeure in China for the following Acetyl Chain products manufactured at its Nanjing, China facility: Acetic Anhydride Vinyl Acetate Monomer (VAM) Vinyl Acetate Emulsions Redispersible Powders The Company has temporarily shut down acetic anhydride and VAM production in Nanjing to comply with recent requirements of government departments in order to … Continue reading Celanese to Declare Force Majeure for Nanjing, China Facility Due to Curtailed Production; Partially Lifts Western Hemisphere Force Majeure

Axalta Coating Systems Ltd. (NYSE:AXTA) (“Axalta”), a leading global coatings company, provided an update to third quarter and full-year 2021 financial guidance given the ongoing supply chain issues its Mobility customers are experiencing as well as continued raw material inflation and supply chain and logistics constraints impacting the coatings industry. Axalta expects Net Sales for the third quarter to decrease by approximately $40 million relative to volume … Continue reading Axalta to Update Financial Guidance to Reflect Ongoing Impacts of Customer Supply Chain Shortages and Raw Material and Logistics Constraints

“The purpose of this letter is to advise that, due to circumstances beyond the reasonable control of The Dow Chemical Company (“Dow”), Dow is unable to supply you with the quantities of TERGITOL™ TMN provided in the applicable Sales Contract or Purchase Order (“Contract”). Pursuant to the terms of the Contract, Dow is excused from performance during the term of this additional Force Majeure event. … Continue reading DOW Notice of Extended Force Majeure for TERGITOL TMN

Sales growth of 56 percent to €19.8 billion EBIT before special items increased significantly to €2.4 billion Cash flows from operating activities of €2.5 billion, up €295 million over level of prior-year quarter 2021 outlook for sales raised to between €74 billion and €77 billion and for EBIT before special items to between €7.0 billion and €7.5 billion “The strong growth momentum of the previous two quarters has continued: Thanks to higher prices and … Continue reading BASF with very strong second quarter supported by higher prices and volumes

Second Quarter 2021 Highlights: Q2 2021 net sales increased 72.6% year-over-year to $1,126.8 million with substantial contributions from all end-markets versus last year’s COVID-19-impacted results Income from operations of $190.4 million versus a loss of $64.5 million in Q2 2020; Adjusted EBIT of $173.4 million compared with a loss of $11.6 million in Q2 2020 Diluted EPS of $0.54 versus $(0.35) in Q2 2020; Adjusted diluted EPS of $0.48 versus $(0.15) in Q2 2020 Net debt to LTM Adjusted EBITDA of 2.6x at June … Continue reading Axalta to Release Second Quarter 2021 Results / Continued Strong Demand Recovery and Execution Drive Solid Financial Results

Record high EBITDA and solid cash flow Net sales amounted to SEK 3,273 m (2,079), a 57% increase over the second quarter last year. Organic growth was 65% and EBITDA excl non-recurring items amounted to SEK 595 m (265) with an EBITDA margin of 18.2% (12.7%). Free cash flow generation continued to be solid and amounted to SEK 409 m (323), and available funds amounted … Continue reading Perstorp to announce its Q2 report 2021 / Record high EBITDA and solid cash flow

Record second quarter net sales of nearly $4.4 billion, about 45% higher than prior year Reported earnings per diluted share (EPS) of $1.80 and adjusted EPS of $1.94 Sales volumes grew about 24% year over year, supported by strong demand recovery across many end-use markets Pervasive raw material supply disruptions drove year-over-year cost inflation of a mid-to-high-teen percentage Selling prices increased 3.5%; additional pricing actions … Continue reading PPG to Report Second Quarter 2021 Financial Results

Q2 2021: Sales expected to be €19,753 million (Q2 2020: €12,680 million) EBIT before special items expected to be €2,355 million (Q2 2020: €226 million) EBIT expected to be €2,316 million (Q2 2020: €59 million) Outlook 2021: Sales expected between €74 billion and €77 billion(previous outlook 2021: €68 billion to €71 billion) EBIT before special items expected between €7.0 billion and €7.5 billion(previous outlook 2021: €5.0 billion to €5.8 billion) BASF Group … Continue reading BASF Group to release preliminary figures for the second quarter of 2021 and increases forecast for full year 2021

Covestro is raising its forecast for EBITDA, free operating cash flow (FOCF) and return on capital employed (ROCE) for fiscal year 2021 as a result of a further improved business outlook for the second half-year. The new expectation exceeds the previously provided forecast as well as current capital market expectations. The outlook factors in – unchanged – the acquisition of the Resins & Functional Materials … Continue reading Covestro to raise earnings outlook for 2021

Proposed dividend of EUR 1.00 – 5 percent more than in the previous year Full year 2020 closed with robust results Guidance for fiscal year 2021 raised Portfolio restructuring driven forward – 2021 focused on growth Board of Management compensation to include sustainability components LANXESS Chairman of the Board of Management Matthias Zachert started this year’s virtual Annual Stockholders’ Meeting of the specialty chemicals company … Continue reading LANXESS to increase dividend also in times of the Coronavirus pandemic

Net sales from continuing operations of $753 million, an increase of 10% compared with $687 million in the prior year period Net income of $11 million Segment EBITDA from continuing operations of $114 million compared to $73 million in the prior year period. Both periods reflect the treatment of the pending divestiture as discontinued operations.   Liquidity of $483 million Hexion completed the sale of its … Continue reading Hexion to Announce First Quarter 2021 Results

Specialty chemicals company now expects EBITDA pre exceptionals between EUR 950 million and EUR 1 billion Sales of EUR 1.693 billion at good prior-year level EBITDA pre exceptionals also at good prior-year level at EUR 242 million EBITDA margin pre exceptionals stable at 14.3 percent Q1 2021 marked by strategic growth LANXESS is raising its guidance for the full year 2021 following a good first … Continue reading LANXESS to raise guidance for fiscal year 2021