BASF achieved solid EBIT before special items despite continued high raw materials and energy prices

“Despite the continued high raw materials and energy prices, BASF achieved solid earnings in the third quarter,” said Dr. Martin Brudermüller, Chairman of the Board of Executive Directors of BASF SE, presenting the results for the third quarter of 2022 together with Chief Financial Officer Dr. Hans-Ulrich Engel. At €21.9 billion, sales were 12 percent higher than in the prior-year quarter. The sales increase was mainly driven by much higher … Continue reading BASF achieved solid EBIT before special items despite continued high raw materials and energy prices

PPG reports third quarter 2022 financial results

PITTSBURGH–(BUSINESS WIRE)– PPG (NYSE:PPG) today reported financial results for the third quarter 2022. Third Quarter Consolidated Results $ in millions, except EPS 3Q 2022 3Q 2021 Y-O-Y change Net sales* $4,468 $4,372 +2% Net income $329 $344 -4% Adjusted net income** $393 $406 -3% EPS $1.39 $1.43 -3% Adjusted EPS** $1.66 $1.69 -2%         *Components of year-over-year net sales change: higher selling prices … Continue reading PPG reports third quarter 2022 financial results

AkzoNobel revenue up 19% due to strong pricing, despite increased macroeconomic headwinds impacting results

Highlights Grow & Deliver (compared with Q3 2021) Highlights Q3 2022 (compared with Q3 2021)   AkzoNobel CEO, Thierry Vanlancker, commented: “Our €201 million adjusted operating income excluding the retrospective impact of hyperinflation accounting bring our Q3 results in line with the market update issued at the end of September. Sharply increased macro-economic uncertainties negatively impacted consumer confidence. This resulted in destocking across several distribution … Continue reading AkzoNobel revenue up 19% due to strong pricing, despite increased macroeconomic headwinds impacting results

LANXESS with good Q2 2022 despite challenging environment

Second-quarter sales up 36.1 percent to EUR 1.999 billion EBITDA pre exceptionals up 14.5 percent year-on-year at EUR 253 million Positive contribution from businesses acquired from Emerald Kalama Chemical in 2021 High Performance Materials business unit recognized as discontinued operation, prior-year figures for sales and EBITDA restated Forecast for the full year: EBITDA pre exceptionals between EUR 900 million and EUR 1 billion (comparable prior-year … Continue reading LANXESS with good Q2 2022 despite challenging environment

Covestro flags heightened gas supply risks, potential production cuts

Covestro says it expects an “increasingly challenging” second half of the year and anticipates Russia’s war against Ukraine will continue impacting global supply chains, already-high energy and raw material prices, high inflation, and weaker global economic growth. The company flags a heightened risk of potential disruptions to gas supplies from Russia to Europe, particularly in Germany, and says it could face the prospect of having … Continue reading Covestro flags heightened gas supply risks, potential production cuts

Arkema publishes second-quarter 2022 results

Excellent quarterly results, confirming the soundness of our strategy toward Specialty Materials, and achieved in a very inflationary context.Annual guidance raised despite a more uncertain macroeconomic environment. Sales of €3.2 billion, up by 32.9% compared with Q2’21: Benefits of new business developments in high value-added sustainable solutions (batteries, sports, electronics, healthcare, etc.) Selling price adjustments in the face of very significant raw materials, energy and transportation cost inflation Slight decline … Continue reading Arkema publishes second-quarter 2022 results

Covestro reduced earnings outlook for 2022

Covestro reduces its forecast for EBITDA, free operating cash flow (FOCF), return on capital employed over weighted average cost of capital (ROCE over WACC) and greenhouse gas emissions, measured via CO2 equivalents, for fiscal year 2022. This is a consequence of a recent significant further increase in energy costs and a further weakening global economy.  Covestro adjusts its forecast for fiscal year 2022 as follows: EBITDA … Continue reading Covestro reduced earnings outlook for 2022

Akzo Nobel publishes results for fourth quarter and full-year 2021

Highlights Q4 2021 (compared with Q4 2020) • Pricing up 12.5%; December pricing up 14% • Revenue up 9% and 7% higher in constant currencies1. Compared with Q4 2019*, revenue was up 12% in constant currencies • Volumes 6% lower, flat compared with Q4 2019 • Operating income at €205 million (2020: €243 million) • Adjusted operating income2 at €209 million (2020: €294 million) despite raw material … Continue reading Akzo Nobel publishes results for fourth quarter and full-year 2021

Axalta Releases Fourth Quarter and Full Year 2021 Results

 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, 2021. Fourth Quarter 2021 Highlights Net sales of $1,137.2 million increased 5.8% year-over-year; ongoing Performance Coatings growth including fifth consecutive quarter of year-over-year Industrial end-market growth, partly offset by continued OEM production constraints from supply shortages in Mobility Coatings Income from operations of $94.7 … Continue reading Axalta Releases Fourth Quarter and Full Year 2021 Results

SONGWON releases preliminary financial results for 2021

SONGWON Industrial Group today released its preliminary, unaudited results for Q4 and the financial year ended December 31, 2021. For the year 2021, the Group realized consolidated sales of 998,190 Mil. KRW and has generated a net profit of 71,209 Mil. KRW. Financial results for the year 2021(preliminary, unaudited results) USD* KRW Consolidated sales 839,769 T 998,190 M Profit for the period 59,907 T 71,209 … Continue reading SONGWON releases preliminary financial results for 2021

Dow posts sharp sales, earnings growth in fourth quarter despite volume declines

Dow posted fourth-quarter net income of $1.8 billion, up 40% year-on-year (YOY) as sharp price and margin gains in all segments more than offset supply constraints. Net sales were $14.4 billion, up 34% YOY. ”Underlying demand strength and continued operating discipline enabled us to overcome supply and logistics constraints as well as higher raw material and energy costs,” says Dow chairman and CEO Jim Fitterling. … Continue reading Dow posts sharp sales, earnings growth in fourth quarter despite volume declines

Arkema’s net profit to jump on higher prices, volumes | EBITDA beats estimates

Supported by accelerating demand for innovative, high-performance materials, in an environment marked by strong inflation of raw materials and supply chain disruptions that are weighing on organic growth, Group EBITDA rose by a significant 54.4% year-on-year, and is well above the pre-Covid level of 2019. This performance reflects in particular the evolution in the Group’s profile towards Specialty Materials and its unique positioning to provide … Continue reading Arkema’s net profit to jump on higher prices, volumes | EBITDA beats estimates

Hexion to Announce Second Quarter 2021 Results

Second Quarter 2021 Highlights Net sales from continuing operations of $852 million, an increase of 59% compared with $535 million in the prior year period Net income of $38 million Segment EBITDA from continuing operations of $160 million compared to $56 million in the prior year period. Both periods reflect the treatment of the recently completed divestiture as discontinued operations. Following completion of the sale … Continue reading Hexion to Announce Second Quarter 2021 Results

Half-year results: ALTANA to post double-digit growth

Sales 24 percent above previous year’s level EBITDA margin 21 percent in the first half year Further milestones achieved in innovation and climate protection Forecast for the full year raised ALTANA achieved double-digit growth in the first half of 2021. In the first six months of the year, the specialty chemicals group’s sales rose by 24 percent to 1,334 million euros compared to the same period of the … Continue reading Half-year results: ALTANA to post double-digit growth

Orion Engineered Carbons to Announce Second Quarter Financial Results

Orion Engineered Carbons S.A. (NYSE: OEC), a global supplier of specialty and high-performance carbon black, announced financial results for the second quarter of 2021. Second Quarter 2021 Highlights Achieved second highest Adjusted EBITDA since IPO. Positioned the company to complete EPA investments, capture growth in differentiated markets and generate substantial free cash flow in 2023. Received cash payment of $79.5 million, resolving longstanding dispute with … Continue reading Orion Engineered Carbons to Announce Second Quarter Financial Results

Evonik to grow strongly in the first half of the year and raises outlook for 2021

Evonik has raised its outlook for 2021 after posting strong earnings in the first half. Demand for Evonik products increased significantly worldwide with sales prices also rising. Sales rise 29 percent in second quarter, adjusted EBITDA gains 42 percent All three growth divisions deliver results above pre-crisis levels of 2019 Outlook 2021: Adjusted EBITDA now expected to be €2.3 billion to €2.4 billion Evonik has … Continue reading Evonik to grow strongly in the first half of the year and raises outlook for 2021

WACKER to Publish Substantial Sales and Earnings Growth in Q2 2021 amid Strong Customer Demand

GROUP SALES FOR Q2 2021 TOTAL €1.50 BILLION, UP 40 PERCENT FROM A YEAR EARLIER EBITDA TRIPLES YEAR OVER YEAR TO REACH €327 MILLION, DUE TO SIGNIFICANTLY HIGHER VOLUMES AND BETTER PRICES NET INCOME FOR Q2 2021 COMES IN AT €179 MILLION AT €208 MILLION, NET CASH FLOW IS 52 PERCENT HIGHER YEAR OVER YEAR FULL-YEAR FORECAST FOR 2021 CONFIRMED: WACKER EXPECTS TO POST GROUP … Continue reading WACKER to Publish Substantial Sales and Earnings Growth in Q2 2021 amid Strong Customer Demand

Songwon to publish preliminary financial results Q2/2021

SONGWON Industrial Group released its preliminary, unaudited results for Q2 & 6 months ended June 30, 2021. Year-to-date, the Group realized consolidated sales of 454,578 Mil. KRW and has generated a net profit of 24,137 Mil. KRW. Financial results for the 6 months ended June 30, 2021(preliminary, unaudited results) USD* KRW Consolidated sales 401,839 T 454,578 M Profit for the period 21,336 T 24,137 M … Continue reading Songwon to publish preliminary financial results Q2/2021

Clariant to significantly increased profitability in the second quarter of 2021 on the back of double-digit sales growth

Second quarter 2021 sales from continuing operations increased by 12 % in local currency to CHF 1.032 billion Second quarter 2021 EBITDA margin significantly augmented to 16.8 % versus 14.6 % in the second quarter of 2020  First half year 2021 net result for the total Group rose to CHF 157 million First half year 2021 operating cash flow at CHF 15 million Outlook 2021 … Continue reading Clariant to significantly increased profitability in the second quarter of 2021 on the back of double-digit sales growth

The Sherwin-Williams to Report 2021 Second Quarter Financial Results

The Sherwin-Williams Company announced its financial results for the second quarter ended June 30, 2021. All comparisons are to the second quarter of the prior year, unless otherwise noted. SUMMARY Consolidated net sales increased 16.9% in the quarter to $5.38 billion Net sales from stores in U.S. and Canada open more than twelve calendar months increased 19.3% in the quarter Diluted net income per share increased to $2.42 per share in … Continue reading The Sherwin-Williams to Report 2021 Second Quarter Financial Results

RPM to Report Results for Fiscal 2021 Fourth Quarter and Full Year

Successfully completed MAP to Growth operating improvement program with annualized savings exceeding target by $30 million Fourth-quarter net sales increased 19.6% to $1.74 billion Fourth-quarter diluted EPS increased 42.9% to $1.20 and adjusted diluted EPS increased 13.3% to $1.28 Fiscal 2021 full-year sales increased 10.9% to $6.11 billion Fiscal 2021 full-year diluted EPS increased 65.4% to $3.87 and adjusted diluted EPS increased 35.5% to $4.16 … Continue reading RPM to Report Results for Fiscal 2021 Fourth Quarter and Full Year

Tikkurila’s half year financial report for January-June 2021: Tikkurila’s revenue grew, profitability remained at a good level

This is a summary of Tikkurila’s half year financial report. The full report is attached to this stock exchange release and is available on Tikkurila’s website.  April−June 2021 highlights Revenue increased by 7.4 percent to EUR 184.5 (171.8) million. Comparable revenue increased by 9.1 percent, excluding currency effects. Operating result (EBIT) decreased by 52.4 percent to EUR 15.8 (33.1) million and was 8.5 (19.3) percent of revenue. Operating profit … Continue reading Tikkurila’s half year financial report for January-June 2021: Tikkurila’s revenue grew, profitability remained at a good level

Celanese Corporation to Report Second Quarter 2021 Earnings; Raises Full Year Financial Outlook

Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, reported second quarter GAAP diluted earnings per share of $4.81, the second highest in the Company’s history, and highest-ever adjusted earnings per share of $5.02. The Company reported record net sales of $2.2 billion for the quarter with sequential pricing and volume increases of 18 percent and 4 percent, respectively. Actions over the past year, … Continue reading Celanese Corporation to Report Second Quarter 2021 Earnings; Raises Full Year Financial Outlook

Asian Paints to release quarterly results

Amit Syngle, Managing Director & CEO of Asian Paints Limited, said: “The domestic Decorative business more than doubled its volume and delivered stellar revenues over the lower base of last year, which had suffered from the first nationwide lockdown. The business registered strong compounded average growths in value and volume in comparison with Q1 FY 20, which was a normal quarter, indicative of a strong … Continue reading Asian Paints to release quarterly results

AkzoNobel to grow revenue 26% and delivers €335 million adjusted operating income

Highlights Q2 2021 – Revenue 26% higher than Q2 2020 (up 8% from Q2 2019, in constant currencies1) with 4.5% price increase – Adjusted operating income2 at €335 million (return on sales3 at 13.3%), 41% higher than Q2 2020 and up 10% from Q2 2019 – €1 billion share buyback started April 27, 2021; €223 million completed by end of Q2 2021 – Acquisition of Colombia-based Grupo … Continue reading AkzoNobel to grow revenue 26% and delivers €335 million adjusted operating income

Trinseo to Reports First Quarter 2021 Financial Results

First Quarter 2021 and Other Highlights Strong net income of $72 million and diluted EPS of $1.81 Record quarterly Adjusted EBITDA* of $201 million, including a $7 million favorable impact from net timing, and record quarterly Adjusted EPS* of $3.27 First quarter cash from operations of $51 million, Free Cash Flow* of $38 million, and quarter-ending cash and cash equivalents of $618 million Completed acquisition … Continue reading Trinseo to Reports First Quarter 2021 Financial Results

Arkema to publish first-quarter 2021 results

Sales of €2.23 billion, up 12.7% versus Q1’20 at constant scope and currency Significant increase in volumes (+7.7%), in the continuity of the rebound already observed in Q4’20 (+5.2%) Strong momentum in most of the Group’s end markets, and contribution of new developments driven by sustainable innovation EBITDA of €358 million, up sharply by almost 20% (€300 million in Q1’20), and EBITDA margin of 16.1% Specialty Materials’ EBITDA of … Continue reading Arkema to publish first-quarter 2021 results

Evonik more confident about full year after a strong first quarter

Evonik is more positive about its earnings for the year as a whole after posting a strong first quarter. Outlook 2021: Adjusted EBITDA of €2.1 billion to €2.3 billion Sales rise 4 percent in first quarter, adjusted EBITDA gains 15 percent Free cash flow almost triples to €312 million Evonik is more positive about its earnings for the year as a whole after posting a … Continue reading Evonik more confident about full year after a strong first quarter

SONGWON to release financial results for Q1 2021

SONGWON Industrial Group released its preliminary, unaudited results for Q1 2021. For Q1 2021, the Group realized consolidated sales of 222,487 Mil. KRW and has generated a net profit of 11,662 Mil. KRW. Financial results for Q1 2021 (preliminary, unaudited results) USD* KRW Consolidated sales 196,173 T 222,487 M Profit for the period 10,282 T 11,662 M Increase in sales +5.7% vs. Q1 2020 *Converted from … Continue reading SONGWON to release financial results for Q1 2021

Covestro to start 2021 with sustained momentum | Around 3.3 billion EUR sales

Core volumes sold up by 5.3% Sales grow to around EUR 3.3 billion (+18.8%) EBITDA almost triples to EUR 743 million Net income rises to EUR 393 million (>1,800%) Free operating cash flow at EUR 318 million Guidance 2021: Optimistic outlook for the fiscal year Further success in moving toward a circular economy Covestro continues on its trajectory for increased growth. Demand has continued to rebound in the first quarter of 2021 … Continue reading Covestro to start 2021 with sustained momentum | Around 3.3 billion EUR sales