Covestro has been actively executing its crisis management plans in response to the global spread of the coronavirus pandemic and adjusting business operations according to local developments. The Board of Management has taken early and decisive actions to adapt the company to the current conditions, to protect the health of all Covestro employees, to ensure the ability to deliver to customers and to secure its … Continue reading Covestro to adjust FY 2020 financial guidance due to effects of the Coronavirus pandemic after reaching its EBITDA target in Q1 2020

Huntsman Corporation (NYSE: HUN) will hold a conference call on Friday, May 1, 2020, at 10 a.m. ET to discuss its first quarter 2020 financial results, which will be released at approximately 6 a.m. ET that day. Webcast link: https://78449.themediaframe.com/dataconf/productusers/hun/mediaframe/37217/indexl.html Participant dial-in numbers: Domestic callers:  (877) 402-8037 International callers:  (201) 378-4913 The conference call will be accompanied by presentation slides that will be accessible via the webcast … Continue reading Huntsman to Discuss First Quarter 2020 Results on May 1, 2020

Due to the spread of the coronavirus (SARS-CoV-2) in Germany, BASF SE plans to conduct the company’s Annual Shareholders’ Meeting on June 18, 2020 as an entirely virtual shareholders’ meeting without the presence of shareholders. The health of employees, shareholders and the service providers involved takes priority. The virtual format, which has been made possible for this year by German legislation, will allow BASF’s Annual … Continue reading BASF to plan virtual Annual Shareholders’ Meeting on June 18, 2020

PPG (NYSE:PPG) announced the following details for its first quarter 2020 earnings release and teleconference call. Earnings release: Monday, April 27, after U.S. stock markets close Teleconference: Tuesday, April 28, 8 a.m. ET PPG participants: Michael H. McGarry, chairman and chief executive officer Vincent J. Morales, senior vice president and chief financial officer John Bruno, director, investor relations Dial-in registration: Visit http://dpregister.com/10141099 to register for the conference … Continue reading PPG to Announce First Quarter 2020 Results April 27

Eastman Chemical Company (NYSE:EMN) today detailed the company’s solid financial position, which provides a strong foundation during the current COVID-19 pandemic. The company highlighted the strength of Eastman’s cash flow, balance sheet, and sources of liquidity. “We remain confident that Eastman is well positioned financially thanks to the resilience of our cash flow, our solid balance sheet, and our significant sources of liquidity,” said Board … Continue reading Eastman to Detail Strong Free Cash Flow, Solid Balance Sheet and Significant Sources of Liquidity

Adjusted EBITDA increased by 5%, driven by margin management and cost initiatives. Revenues were slightly up, as a small decline in volumes was more than offset by price and product portfolio mix benefits. Selected financial data (in € millions)   2018 2019 Change Revenue 5,064 5,082 0% Adjusted EBITDA1 1,071 1,128 5% EBITDA margin (%) 21.1% 22.2%   “This is another solid set of results,” … Continue reading Nouryon to report further growth in profitability in 2019

Sales on a par with the prior-year level at EUR 6.802 billion EBITDA pre exceptionals increases 3.3 percent to EUR 1.019 billion EBITDA margin pre exceptionals at 15 percent for the first time Leather business unit reported as a discontinued operation; prior-year figures for sales and EBITDA restated Dividend proposal for fiscal year 2019: EUR 0.95 2020 guidance: operationally stable; however, effects from coronavirus burden; EBITDA pre exceptionals of EUR 900 million to EUR 1.0 billion … Continue reading LANXESS to achieve full-year target for 2019 despite the challenging environment

Record sales in 2019 totaled 814,340 Mil. KRW Net profit amounted to 35,008 Mil. KRW for the FY SONGWON maintained a gross profit margin of 20.4% SONGWON Industrial Group today reported its financial results for FY 2019. SONGWON’s overall consolidated sales revenues for FY 2019 amounting to 814,340 Mil. KRW which marks a 3.2% increase compared to the consolidated sales for FY 2018 (788,738). After … Continue reading SONGWON Industrial Group to deliver another solid result for FY 2019: Record sales in 2019

Key messages Hempel’s revenue grew by 14 per cent in 2019, of which 2.5 percentage points were driven organically The company returned to positive organic growth with revenue of EUR 1,502 million and an EBITDA margin of 10.5 per cent Hempel remains fully committed to delivering on its ambitious growth strategy of doubling revenue, which will be achieved through organic growth and acquisitions Hempel has … Continue reading Hempel to return to growth and is positioned for new acquisitions: Annual Report 2019

In 2019, Arkema achieved a high-level financial performance driven by specialty businesses in an increasingly challenging economic context. The Group generated a record amount of cash whilst maintaining an ambitious level of investments for its future growth. €8.7 billion in sales, close to last year’s level (€8.8 billion) €1,457 million EBITDA, comparable (-1.2%) with the 2018 record level, and EBITDA margin of 16.7%, stable at a high level … Continue reading Arkema to Announce full-year 2019 results

Jotun achieved a new sales record of NOK 19,652 million in 2019. An operating profit of NOK 2,320 million is also Jotun’s best result ever. Jotun’s sales growth of 11 per cent in 2019 was achieved by strong improvement in the Marine and Protective Coatings segments and continued good growth in the Decorative Paints segment. Sales of powder coatings also increased, but was affected by … Continue reading Record sales and all-time high result for Jotun

Orion Engineered Carbons S.A. (NYSE: OEC), a global supplier of specialty and high-performance carbon black, today announced its fourth quarter and full year 2019 financial results. Full Year 2019 Highlights Net sales of $1,476.4 million compared to $1,578.2 million in fiscal year 2018 Net Income of $86.9 million and basic EPS of $1.45 compared to $121.3 million and $2.04 in 2018 Adjusted EBITDA1 of $267.3 million … Continue reading Orion Engineered Carbons to Announce Fourth Quarter and Full Year 2019 Financial Results

AkzoNobel today hosts an investor event in London, broadcast live by video webcast, to provide an update on the company’s Winning together: 15 by 20 strategy. The agenda also includes plans for 2020 and beyond. Ambitions for 2021-2023 include: Revenue growth ≥ market CAGR (compound annual growth rate) Return on sales (ROS) +50 basis points CAGR ROS is adjusted operating income as percentage of revenue … Continue reading AkzoNobel to provide update on Winning together: 15 by 20 and outlines plans for 2020 and beyond

Axalta Coating Systems Ltd. (NYSE: AXTA) (“Axalta”), a leading global coatings company, announced its financial results for the fourth quarter and full year ended December 31, 2019. Fourth Quarter Consolidated Financial Results Net sales of $1,098.4 million for the fourth quarter decreased 5.8%, including 1.3% negative foreign currency translation impact and a 2.0% impact from the sale of a consolidated Joint Venture (“JV”) interest in Q2 … Continue reading Axalta to Release Fourth Quarter and Full Year 2019 Results

GROUP SALES OF €4.93 BILLION ARE ALMOST ON PAR WITH YEAR-EARLIER LEVEL EBITDA OF €780 MILLION IS 16 PERCENT BELOW PREVIOUS YEAR GOOD TREND IN CHEMICALS, UNSATISFACTORY CONDITIONS FOR SOLAR-GRADE POLYSILICON IMPAIRMENT CHARGE OF SOME €760 MILLION ON POLYSILICON FACILITIES REDUCES EBIT AND NET RESULT EBIT THUS AMOUNTS TO AROUND €-540 MILLION NET RESULT FOR 2019 IS SOME €-630 MILLION NET CASH FLOW OF AROUND … Continue reading Non-Recurring Effects Strongly Influence WACKER’s Figures for Fiscal 2019: Group sales of €4.93 billion

Orion Engineered Carbons S.A. (“Orion” or the “Company”) (NYSE: OEC), a worldwide supplier of specialty and high-performance Carbon Black, announced that the Company will release its fourth quarter 2019 and full year 2019 results after the market closes on Thursday, February 20, 2020, to be followed by a conference call on Friday, February 21, 2020, at 8:30 a.m. (EST). Source: Orion Engineered Carbons S.A.  Note … Continue reading Orion Engineered Carbons to Announce Fourth Quarter 2019 Earnings Release Date and Conference Call

Axalta Coating Systems Ltd. (NYSE: AXTA) will host a conference call to review its fourth quarter and full-year 2019 financial results at 8:00 a.m. ET on Thursday, January 30, 2020. Robert W. Bryant, Chief Executive Officer, and Sean Lannon, Chief Financial Officer, will review the company’s financial performance for the period. A live webcast of the conference call will be available online at www.axalta.com/investorcall. The U.S. … Continue reading Axalta to Schedule Fourth Quarter and Full-Year 2019 Earnings Conference Call

Fourth quarter net sales of nearly $3.7 billion, approximately 1% higher than the prior year and up about 2% in constant currencies Record fourth quarter reported earnings per diluted share from continuing operations of $1.23 Record adjusted fourth quarter earnings per diluted share from continuing operations of $1.31, up 14% year-over-year aided by strong operating margin improvement Completed acquisition of Texstars; recently announced acquisition of … Continue reading PPG to Report Fourth Quarter and Full-Year 2019 Financial Results

Sales in Q3 totaled 208,388 Mil. KRW Net profit amounted to 7,302 Mil. KRW The gross profit margin is at 19.7% SONGWON Industrial Group released its financial results for the third quarter of 2019. In Q3/2019, the Group achieved sales of 208,388 Mil. KRW marking a 1.9% increase in revenue over sales recorded in the same quarter of the previous year (204,403 Mil. KRW), however, … Continue reading SONGWON Industrial Group to announce Financial Results for Q3/2019

Sales on prior-year level at EUR 1.781 billion EBITDA pre exceptionals down slightly year-on-year at EUR 267 million EBITDA margin pre exceptionals at 15.0 percent Forecast for full year 2019 unchanged: EBITDA pre exceptionals of EUR 1.000 billion to EUR 1.050 billion Realignment of organometallics business Specialty chemicals company LANXESS performed well again in the third quarter of 2019 – despite further deterioration of the economic environment. As expected, … Continue reading LANXESS with stable development also in third quarter 2019

Orion Engineered Carbons S.A. (NYSE: OEC), a worldwide supplier of Specialty and High-Performance Carbon Black, today announced third quarter 2019 financial results. Third Quarter 2019 Highlights Net sales of $370.2 million compared to $394.0 million in the third quarter of 2018 Net Income of $24.3 million and basic EPS of $0.40 compared to $25.8 million and $0.43 in third quarter of 2018 Adjusted EPS1 of $0.52 … Continue reading Orion Engineered Carbons to Announce Third Quarter 2019 Financial Results

Core volumes up by 5.3% / Group sales total approximately EUR 3.2 billion (–14.6%) / EBITDA forecast achieved at EUR 425 million (–50.5%) / Net income down to EUR 147 million (–70.4%) / Free operating cash flow at EUR 243 million (–58.0%) / Ranges for 2019 narrowed in existing forecast In the third quarter of 2019 Covestro was able to achieve core volume growth of … Continue reading Covestro to generate strong volume growth in a continuing challenging environment

Songwon Industrial Group today released its preliminary, unaudited results for Q3 & 9 months ended September 30, 2019. Year-to-date, the Group realized consolidated sales of 617,272 Mil. KRW and has generated a net profit of 28,905 Mil. KRW. Financial results for the 9 months ended September 30, 2019 (preliminary, unaudited) USD* KRW Sales of goods 512,695 T 617,272 M Profit 24,008 T 28,905 M Increase … Continue reading Songwon to Release Preliminary Financial Results Q3/2019

·        GROUP SALES REACH €1.27 BILLION IN Q3 2019, UP 2 PERCENT YEAR OVER YEAR AND ON PAR WITH THE PRECEDING QUARTER ·        AT €273 MILLION, EBITDA CLIMBS 13 PERCENT YEAR OVER YEAR AND 30 PERCENT QUARTER OVER QUARTER DUE TO SPECIAL INCOME FROM INSURANCE COMPENSATION ·        NET INCOME FOR Q3 2019 IS €86 MILLION ·        POSITIVE NET CASH FLOW OF €176 MILLION, A TRIPLE-DIGIT … Continue reading WACKER to End Q3 2019 with Sales and Earnings Gains

Adjusted operating income1 up 23% at €300 million (2018: €243 million) Return on Sales (ROS), excluding unallocated costs2, increased to 13.8% (2018: 12.3%) Transformation on track and delivered €19 million cost savings Adjusted Earnings per Share (EPS) from continuing operations up 62% at €0.97 (2018: €0.60) New share buyback announced, €500 million to be completed in the first half of 2020 Q3 2019: Revenue up 3% … Continue reading AkzoNobel to publish results for third quarter 2019

Axalta Coating Systems Ltd. (NYSE: AXTA) (“Axalta”), a leading global coatings company, announced its financial results for the third quarter ended September 30, 2019. Third Quarter 2019 Consolidated Financial Results Third quarter net sales of $1,107.0 million decreased 3.4% year-over-year, including a 2.0% negative foreign currency impact and negative 1.8% inorganic impact primarily associated with the second quarter 2019 sale of our interest in a consolidated … Continue reading Axalta Releases Third Quarter 2019 Results: Net sales of $1,107.0 million decreased 3.4% year-over-year

Sales of €15.2 billion (minus 2%); sales volumes match level in prior-year quarter EBIT before special items declines to €1.1 billion, primarily due to significantly lower earnings contributions from Chemicals and Materials Surface Technologies, Agricultural Solutions, Industrial Solutions and Nutrition & Care segments post considerable increase in earnings Outlook for 2019 confirmed: EBIT before special items expected to be up to 30% below prior-year level BASF Group … Continue reading BASF Group to Report 3Q Financial Results: Sales of €15.2 billion (minus 2% prior-year quarter)

Highlights:  Q2  & H1-FY’2020 Consolidated Revenue from operations for the Quarter increases by 9.4% Consolidated Profit  Before  Tax  (from  continuing  operations)  for  the  Quarter  increases  by 9% H1 Consolidated Revenue from operations increases by 12.9% H1 Consolidated Profit Before Tax (from continuing operations) increases by 17.7% Standalone Revenue from operations for the quarter increases by 9.3% Standalone Profit Before Tax for the Quarter increases by … Continue reading Asian Paints Consolidated Revenue from operations for the Quarter to increase by 9.4%

PPG (NYSE:PPG) today reported third quarter 2019 net sales of approximately $3.8 billion, comparable with the prior year. Net sales in constant currencies were about 2% higher versus the previous year, driven by higher selling prices of 2.6%, and acquisition-related sales, net of divestitures, of more than 2%. Aggregate sales volumes were down nearly 3% versus the prior year. Unfavorable foreign currency translation impacted net … Continue reading PPG to Report Third Quarter 2019 Financial Results: Net sales of approximately $3.8 billion