WACKER to announce Substantial Quarter-Over-Quarter Increases in Sales and EBITDA in Q3 2020

Wacker Chemie AG’s Figures for Q3 2020 (unaudited) WACKER’S Q3 2020 SALES REACH €1.18 BILLION, UP 10 PERCENT QUARTER OVER QUARTER, BUT DOWN 7 PERCENT YEAR OVER YEAR DUE TO IMPACT OF CORONAVIRUS PANDEMIC AT €191 MILLION, EBITDA IS 81 PERCENT HIGHER VERSUS A QUARTER AGO, BUT 30 PERCENT LOWER THAN LAST YEAR DUE TO SPECIAL INCOME POSTED IN Q3 2019 NET INCOME FOR Q3 … Continue reading WACKER to announce Substantial Quarter-Over-Quarter Increases in Sales and EBITDA in Q3 2020

Eastman to Announce Third-Quarter 2020 Financial Results

Eastman Chemical Company announced its third-quarter 2020 financial results.  (In millions, except per share amounts) 3Q2020 3Q2019 Sales revenue   $2,122 $2,325         Earnings before interest and taxes (“EBIT”)   243 367         Adjusted EBIT*    310 369 Earnings per diluted share   1.18 1.93         Adjusted earnings per diluted share*                    1.57 1.94 Net cash … Continue reading Eastman to Announce Third-Quarter 2020 Financial Results

Trinseo to Report Third Quarter 2020 Financial Results

Third Quarter 2020 and Other Highlights Net income of $106 million and diluted EPS of $2.75 Adjusted EBITDA* of $102 million, including a $2 million favorable impact from net timing, and Adjusted EPS* of $2.87 COVID-19 pre-tax impact of $65 million to $70 million in the first half of the year with an expected second half pre-tax benefit of $10 million to $15 million from … Continue reading Trinseo to Report Third Quarter 2020 Financial Results

Orion Engineered Carbons to Announce Third Quarter Financial Results

Orion Engineered Carbons S.A., a global supplier of specialty and high-performance carbon black, today announced financial results for the third quarter ended September 30, 2020. Third Quarter 2020 Highlights Continued focus on protecting employees, maintaining agile production and managing costs. Benefited from a pronounced sequential demand surge. Net sales of $282.0 million compared to $370.2 million in the third quarter of 2019 reflecting the impact … Continue reading Orion Engineered Carbons to Announce Third Quarter Financial Results

LANXESS to publish the results for the 3rd quarter of 2020

EBITDA pre exceptionals expected at between EUR 820 million and EUR 880 million for the full year Sales decline by 14.3 percent to EUR 1.461 billion EBITDA pre exceptionals of EUR 193 million 28.3 percent below previous year EBITDA margin pre exceptionals at 13.2 percent Consumer Protection remains strong pillar of the Group Demand visibly recovering in many customer industries Special bonus for employees New … Continue reading LANXESS to publish the results for the 3rd quarter of 2020

The Chemours Company to Report Third Quarter 2020 Results

The Chemours Company (Chemours), a global chemistry company with leading market positions in Fluoroproducts, Chemical Solutions and Titanium Technologies, announced its financial results for the third quarter 2020. Third Quarter 2020 Results & Highlights Net Sales of $1.2 billion Net Income of $76 million, with EPS of $0.46 Adjusted Net Income of $78 million, with Adjusted EPS of $0.47 Adjusted EBITDA of $210 million Free Cash Flow of $252 million, a $92 million improvement … Continue reading The Chemours Company to Report Third Quarter 2020 Results

Covestro with significant growth in volume and earnings in Q3, 2020

Core volumes up by 3.0% Group sales total around EUR 2.8 billion (–12.7%) EBITDA of EUR 456 million (+7.3%) driven by cost-cutting measures Net income of EUR 179 million (+21.8%) Free operating cash flow rises to EUR 361 million (+48.6%) Guidance on full-year earnings raised Announced acquisition makes Covestro one of the leading suppliers of sustainable coating resins In the third quarter of 2020, Covestro … Continue reading Covestro with significant growth in volume and earnings in Q3, 2020

The Sherwin-Williams to Report 2020 Third Quarter Financial Results

Consolidated net sales increased 5.2% in the quarter to $5.12 billion Net sales from stores in U.S. and Canada open more than twelve calendar months increased 3.1% in the quarter Diluted net income per share increased to $7.66 per share in the quarter compared to $6.16 per share in the third quarter 2019 Excluding the impact of acquisition-related amortization expense, diluted net income per share … Continue reading The Sherwin-Williams to Report 2020 Third Quarter Financial Results

Celanese Corporation to Report Third Quarter 2020 Earnings: Highlights Strong Demand Recovery

Celanese Corporation, a global chemical and specialty materials company, reported third quarter GAAP diluted earnings per share of $1.76 and adjusted earnings per share of $1.95. The Company recorded net sales of $1.4 billion driven by 20 percent volume recovery over the prior quarter. Third quarter operating profit was $184 million and adjusted EBIT was $290 million, sequential increases of $101 million and $91 million, … Continue reading Celanese Corporation to Report Third Quarter 2020 Earnings: Highlights Strong Demand Recovery

BASF Group to increase EBIT before special items compared with second quarter of 2020

Q3 2020: Sales of €13.8 billion (+9% compared with the second quarter of 2020) EBIT before special items of €581 million, up €355 million from the second quarter of 2020 EBIT of minus €2.6 billion, mainly due to non-cash-effective impairments Strong free cash flow of €1.4 billion Outlook 2020: Sales of between €57 billion and €58 billion EBIT before special items of between €3.0 billion and €3.3 billion In an environment that continues to be … Continue reading BASF Group to increase EBIT before special items compared with second quarter of 2020

AkzoNobel to deliver strong Q3 results with 3% growth in volumes and 18% increase in adjusted operating income

Highlights Q3 2020 ROS, excluding unallocated costs, increased to 17.7% (2019: 13.8%) due to strong margin management and cost savings Growth in volumes of 3%, with strong demand trends for most segments and regions Total cost savings delivered €49 million, of which €27 million structural savings related to transformation initiatives Net cash from operating activities improved by 46% to €457 million (2019: €312 million); maintained … Continue reading AkzoNobel to deliver strong Q3 results with 3% growth in volumes and 18% increase in adjusted operating income

PPG to Report Record Third Quarter 2020 Financial Results

Net sales of about $3.7 billion, 4% lower than the prior year Net sales continued to be impacted by the economic effects of the COVID-19 pandemic Record reported earnings per diluted share from continuing operations (EPS) of $1.86 and adjusted EPS of $1.93 Strong aggregate segment operating margins compared to the third quarter 2019, supported by sales volume recovery and ongoing cost management actions Quarterly … Continue reading PPG to Report Record Third Quarter 2020 Financial Results

Covestro AG: Preliminary EBITDA of EUR 456 million in Q3 2020 above market expectation

In the course of preparing the Q3 2020 interim statement for Covestro Group, preliminary Q3 key financial data deviate from capital market expectations, based on the average values of latest consensus estimates of financial analysts, published by Vara Research on October 7, 2020. Therefore, Covestro provides already today the following preliminary key financial data from the Q3 2020 interim statement: Preliminary EBITDA amounts to EUR 456 million. … Continue reading Covestro AG: Preliminary EBITDA of EUR 456 million in Q3 2020 above market expectation

BASF Group to release preliminary figures for Q3 of 2020 and publishes outlook for full year 2020

Q3 2020: EBIT before special items expected to be €581 million (Q3 2019: €1,056 million), above analyst consensus EBIT expected to be minus €2,637 million (Q3 2019: €1,336 million) due to non-cash-effective impairments and provisions for restructuring, below analyst consensus Outlook 2020: Sales expected to decrease to between €57 billion and €58 billion (2019: €59,316 million) EBIT before special items expected to be between €3.0 billion and €3.3 billion (2019: €4,643 million) BASF has released preliminary figures for the … Continue reading BASF Group to release preliminary figures for Q3 of 2020 and publishes outlook for full year 2020