Second Quarter 2020 and Other Highlights Net loss of $128 million and diluted EPS of ($3.36), inclusive of a $6 million pre-tax charge related to corporate restructuring costs; Adjusted EPS* of ($2.95) Adjusted EBITDA* of negative $8 million, including a $43 million unfavorable impact from net timing and a $60 million to $65 million unfavorable impact from COVID-19 Continued liquidity-focused actions in response to COVID-19 … Continue reading Trinseo to Report Second Quarter 2020 Financial Results

Strong Improvement in Free Cash Flow Despite Weak Global Demand; COVID-19 Response Plan Remains on Track The Chemours Company (Chemours) (NYSE: CC), a global chemistry company with leading market positions in Fluoroproducts, Chemical Solutions and Titanium Technologies, today announced its financial results for the second quarter 2020. Second Quarter 2020 Highlights Net Sales of $1.1 billion Net Income of $24 million, with EPS of $0.15 … Continue reading The Chemours Company to Report Second Quarter 2020 Results

Perstorp Holding AB (Publ.) parent company for world leading specialty chemicals company Perstorp today announces its interim report for Q2 2020. Net sales decreased with 32% to SEK 2,079 m. Excluding currency effects, sales prices in the second quarter were substantially lower than the corresponding quarter last year in EMEA and APAC, mainly linked to lower raw material prices. Organic volume-based sales growth was -22% … Continue reading Perstorp to publish interim report for Q2 2020

Sales from continuing operations decreased by 5 % in local currency to CHF 1.945 billion EBITDA margin improved to 15.0 % compared to an operational performance of 14.9 % in the first half of 2019 Net result for the total Group improved to CHF 90 million Operating cash flow at CHF 89 million Outlook: 2020 results will be impacted by the COVID-19 pandemic; focus will … Continue reading Clariant to improve profitability in the first half of 2020 despite a difficult economic environment

Second Quarter Highlights Second quarter 2020 net loss of $59 million compared to net income of $118 million in the prior year period; second quarter 2020 loss per share of $0.28 compared to diluted earnings per share of $0.47 in the prior year period. Second quarter 2020 adjusted net loss of $30 million compared to adjusted net income of $108 million in the prior year … Continue reading Huntsman to Announce Second Quarter 2020 Earnings; Targets Total Annualized Cost Savings and Synergies of $100+ Million by End of 2021

Arkema confirms its resilience with a robust financial performance and high cash flow generation in the context of a global economy strongly impacted by the effects of the Covid-19 pandemic. €1.9 billion in sales, down 15.6% year on year (-10.7% in H1’20): significant slowdown in the construction, transportation and industrial sectors, overshadowing good demand in the nutrition, packaging and hygiene markets sequential improvement in June, supported by the … Continue reading Arkema to report second-quarter 2020 results

Core volumes decrease by 22.7% • Group sales total approximately EUR 2.2 billion (–32.9%) • EBITDA of EUR 125 million • Net income of EUR –52 million • Free operating cash flow rises to EUR 24 million • Consistent crisis management and measures to secure liquidity • Orientation towards a circular economy accelerated Covestro’s business performance in the second quarter was, as expected, significantly impacted … Continue reading Covestro to publish Q2 2020 results: significantly impacted by the coronavirus pandemic as expected

WACKER’S SALES FOR Q2 2020 TOTAL €1.07 BILLION, DOWN 15 PERCENT FROM LAST YEAR AT €105 MILLION, EBITDA DECREASES 50 PERCENT YEAR OVER YEAR AMID LOWER VOLUMES DUE TO THE PANDEMIC AND LOWER PRICES FOR SOLAR-GRADE POLYSILICON AND STANDARD SILICONES NET INCOME FOR Q2 2020 COMES IN AT €5 MILLION QUARTERLY NET CASH FLOW REACHES TRIPLE DIGITS AT €137 MILLION DUE TO PANDEMIC-RELATED RISKS, SPECIFIC … Continue reading WACKER’s Sales and Earnings in Q2 2020 Affected by Lower Volumes Amid Coronavirus Pandemic

Second Quarter 2020 Highlights: Notable monthly sequential net sales recovery; June 2020 net sales 82% higher than April 2020 ~$1.5 billion in total liquidity available at June 30, 2020 Net sales of $652.7 million decreased 43.6% year-over-year (decreased 39.7% ex-FX and M&A impacts); June 2020 net sales recovered to down ~24%, ex-FX, versus June 2019 Loss from operations of $64.5 million; Adjusted EBIT of $(11.6) million; Q2 2020 includes $45.0 million in COVID-19 related accounting charges Diluted EPS of $(0.35) versus $0.42 in … Continue reading Axalta to Release Second Quarter 2020 Results

Net sales of $3.0 billion, 25% lower than the prior year and down about 22% in constant currencies Reported earnings per diluted share from continuing operations (EPS) of $0.42 and adjusted EPS of $0.99 Net sales and EPS were significantly impacted by the effects of the COVID-19 pandemic Strong aggregate segment operating margins supported by rapid implementation of cost management actions that resulted in second … Continue reading PPG to Report Second Quarter 2020 Financial Results

Highlights Q2 2020 ROS, excluding unallocated costs1, increased to 14.0% (2019: 13.7%) due to strong margin management and cost savings Headwinds related to COVID-19 eased during the quarter, with revenue almost 30% lower in April and nearly 5% lower in June Total cost savings delivered €116 million, of which €38 million structural savings related to transformation initiatives Net cash from operating activities improved to €308 … Continue reading AkzoNobel’s Q2 results to show strong focus on margin and cost savings in response to COVID-19 headwinds

EBIT before special items expected to be €226 million (Q2 2019: €995 million) Net income expected to be minus €878 million due to a non-cash-effective impairment of the shareholding in Wintershall Dea (Q2 2019: €5,954 million) BASF has released preliminary figures on business development in the second quarter of 2020. Sales declined by 12.4 percent in the second quarter of 2020 to €12,680 million (Q2 2019: €14,478 million). EBIT before special items, which reflects … Continue reading BASF to release preliminary figures on business development in the second quarter of 2020: Sales declined by 12.4 percent in the second quarter of 2020

Akzo Nobel N.V. (AKZA; AKZOY) today provides a further update on recent business performance and announces preliminary financial results for the second quarter of 2020: Revenue 19% lower at €1,987 million (2019: €2,451 million) Adjusted operating income1 €238 million (2019: €305 million) ROS2, excluding unallocated cost, increased to 14% (2019: 13.7%) Market headwinds continued to ease during Q2, although revenue for June was nearly 5% lower … Continue reading AkzoNobel to deliver robust profitability during Q2, despite COVID-19 headwinds

The Sherwin-Williams Company increased its net sales guidance for the second quarter of 2020. The Company now expects second-quarter 2020 consolidated net sales to decrease by a mid-single-digit percentage compared to the second quarter of 2019. The Company’s prior guidance, issued April 29, 2020, was for second-quarter 2020 consolidated net sales to decrease by a low to mid-teens percentage compared to the second quarter of … Continue reading Sherwin-Williams to Increases Second Quarter 2020 Sales Guidance

First Quarter 2020 Highlights Net sales of $826 million Net loss of $59 million Segment EBITDA of $89 million Liquidity of $440 million as of March 31, 2020 Hexion Inc. (“Hexion” or the “Company”) today announced results for the first quarter ended March 31, 2020. “In the first quarter of 2020, our diverse customer base and broad geographic footprint drove improved volumes in our Coatings … Continue reading Hexion Inc. to Announce First Quarter 2020 Results

The Group’s results are in line with expectations, in a first quarter marked by the coronavirus outbreak in Asia and its spread to Europe in March. Stripping out the coronavirus impact, the Group’s performance, in a less favorable economic environment than in 2019, was supported by the resilience of Specialty Materials and, in particular, strong growth of the Adhesive Solutions segment. Moreover, the balance sheet … Continue reading Arkema to announce first-quarter 2020 results

Sales down only slightly year-on-year at EUR 1.704 billion EBITDA pre exceptionals falls by 9.9 percent to EUR 245 million EBITDA margin pre exceptionals at 14.4 percent Strong liquidity position increased to around EUR 3 billion following Currenta sale Guidance for full year adjusted: EBITDA pre exceptionals of EUR 800 million to EUR 900 million LANXESS key figures for the first quarter of 2020 Specialty chemicals company LANXESS proved robust … Continue reading LANXESS robust in first quarter of 2020 despite coronavirus crisis

First Quarter 2020 Highlights: Net sales of $983.5 million decreased 12.1% year-over-year (decreased 8.5% ex-FX and M&A impacts) Income from operations of $65.1 million versus $98.6 million in Q1 2019; Adjusted EBIT of $132.7 million decreased 7.8% from Q1 2019 while margins increased 60 basis points Diluted EPS of $0.22 compared with $0.18 in Q1 2019; Adjusted diluted EPS of $0.31 decreased 8.8% from Q1 2019 Cash flow used for operations improved $57.1 million compared to Q1 2019 Strong balance … Continue reading Axalta to Release First Quarter 2020 Results and Provide Update on the Impacts of COVID-19

First Quarter Highlights First quarter 2020 net income of $708 million compared to $131 million in the prior year period; first quarter 2020 diluted earnings per share of $3.16 compared to $0.51 in the prior year period. First quarter 2020 adjusted net income of $65 million compared to $85 million in the prior year period; first quarter 2020 adjusted diluted earnings per share of $0.29 … Continue reading Huntsman to Announce First Quarter 2020 Earnings; A Strong Balance Sheet with Robust Liquidity

Eastman Chemical Company (NYSE:EMN) announced its first-quarter 2020 financial results. (In millions, except per share amounts) ​ 1Q20 1Q19 Sales revenue ​ $2,241 $2,380 ​ Earnings before interest and taxes (“EBIT”) ​ 368 320 ​ Adjusted EBIT*   ​ 382 352 Earnings per diluted share ​ 1.89 1.49 ​ Adjusted earnings per diluted share*   ​ 2.03 1.77 Net cash provided by (used in) operating … Continue reading Eastman to Announce First-Quarter 2020 Results

S&P Global Ratings believe the COVID-19 pandemic and resulting recession are likely to impact Perstorp Holding AB’s sales and earnings. S&PGR predicts that although Perstorp will likely implement several measures to preserve margin and cash, the group’s credit metrics will weaken to levels below the previous base-case assumptions for 2020-2021. As a result, S&PGR are lowering to ‘B-‘ from ‘B’ their issuer credit and issue … Continue reading S&PGR to downgrade Perstorp to ‘B-‘

Sales from continuing operations decreased by 6 % in local currency to CHF 1.019 billion Resilient EBITDA margin at 15.4 % (vs. 15.7 %) reached an EBITDA of CHF 157 million Outlook: 2020 results will be impacted by the COVID-19 pandemic; focus will therefore be on impact mitigation and cash generation “In the first quarter of 2020, Clariant, together with the rest of the industry, … Continue reading Clariant profitability to remain resilient despite difficult economic environment

Sales of €16.8 billion (plus 7 percent), mainly due to volumes growth EBIT before special items of €1.6 billion (minus 6 percent), primarily as a result of lower earnings in the Chemicals and Materials segments; EBIT before special items improves in all downstream segments Outlook 2020: High uncertainty about future economic developments in 2020 Concrete statements on the development of sales and earnings in 2020 cannot be made at present BASF Group’s … Continue reading BASF Group to show resilience amid corona crisis with diversified portfolio and financial solidity

GROUP SALES FOR Q1 2020 TOTAL €1.20 BILLION, 3 PERCENT LOWER YEAR OVER YEAR, BUT UP 4 PERCENT VERSUS A QUARTER AGO EBITDA OF €174 MILLION RISES BY 23 PERCENT YEAR OVER YEAR AMID HIGHER PLANT UTILIZATION AND BY 10 PERCENT QUARTER OVER QUARTER NET INCOME FOR Q1 2020 AMOUNTS TO €69 MILLION NET CASH FLOW IS POSITIVE AT €23 MILLION AND LIQUIDITY RISES TO … Continue reading WACKER to Lift Earnings Markedly in Q1 2020 and Refrains from Providing Full-Year Forecast Due to Corona Pandemic

Core volumes decrease by 4.1% / Group sales total approximately EUR 2.8 billion (– 12.3%) / EBITDA at EUR 254 million in line with guidance (– 42.5%) / Net income at EUR 20 million (– 88.8%) / Free operating cash flow at minus EUR 249 million as expected / 2020 AGM rescheduled to July 30. Covestro has met its EBITDA guidance for the first quarter … Continue reading Covestro to meet guidance for first quarter despite coronavirus impact

First quarter net sales of about $3.4 billion, approximately 7% lower than the prior year and down nearly 5% in constant currencies First quarter reported earnings per diluted share (EPS) of $1.02 and adjusted EPS of $1.19 Net sales and EPS includes an estimated unfavorable impact from the effects of the COVID-19 pandemic of approximately $225 million and $0.35, respectively Rapid implementation of cash and … Continue reading PPG to Report First Quarter 2020 Financial Results: First quarter net sales of about $3.4 billion

Axalta Coating Systems Ltd. (NYSE: AXTA) will host a conference call to review its first quarter 2020 financial results at 8:00 a.m. ET on Wednesday, May 6, 2020. Robert W. Bryant, President and Chief Executive Officer, and Sean Lannon, Chief Financial Officer, will review the company’s financial performance for the period and provide an update regarding the impact of the COVID-19 pandemic on the business as well as … Continue reading Axalta to Schedule First Quarter 2020 Results Conference Call

Highlights 2020 Adjusted operating income1 up 31% at €214 million (2019: €163 million), despite impact from COVID-19 Return on Sales, excluding unallocated costs,2 increased to 12.4% (2019: 9.1%) with price/mix up 2% Operating income up 65% at €187 million (2019: €113 million); OPI margin improved to 9.1% (2019: 5.2%) Transformation and other savings delivered €44 million lower costs (compared with the first quarter of 2019) €408 million … Continue reading AkzoNobel’s Q1 results show 31% profitability improvement, despite headwinds from COVID-19

Tronox Holdings plc (NYSE:TROX) (“Tronox” or the “Company”), the world’s leading integrated manufacturer of titanium dioxide pigment, today released selected preliminary unaudited financial results for the quarter ending March 31, 2020 and provided an update on its business. First Quarter 2020 Highlights: Revenue expected to be $722 million(1) Adjusted EBITDA expected to be $172 million(1)(2) (Non-GAAP) Adjusted EPS expected to be between $0.20 and $0.26(1)(2) (Non-GAAP) Solid balance sheet and broad flexibility … Continue reading Tronox to Release Selected Preliminary First Quarter 2020 Financial Results and Provides Business Update