What Drove Einhorn’s Greenlight Capital’s Gains in Q2?
In contrast to last year, Greenlight Capital’s performance this year has been improving. In 2018, GLRE fell 34%, vastly underperforming the markets.
Einhorn’s New Stakes and Exits in Q1
David Einhorn’s Greenlight Capital (GLRE) initiated a new stake in Teekay LNG Partners (TGP) during the first quarter of 2019.
Carrier Selects Chemours’ Opteon XL41
On December 19, Chemours (CC) announced that Carrier selected its refrigerant R-454B, which is sold as “Opteon XL41.”
Tronox Seeks Permission to Present Its Divestiture Plans
On December 4, Tronox (TROX) announced that it filed a motion seeking permission to present the proposed divestitures to the FTC.
APD’s Industrial Gases–EMEA Segment: Lowest Margin in Two Years
In the fourth quarter, the Industrial Gases–EMEA segment’s total revenue contribution expanded by 0.7 percentage points YoY.
DowDuPont’s Material Science Revenues Rose in Q3
DowDuPont’s (DWDP) Material Science segment, which will be spun off and called Dow by the end of Q1 2019, accounted for 61.7% of DWDP’s total revenues in Q3 2018.
CC’s First Annual Corporate Responsibility Commitment Report
On October 26, Chemours (CC) announced the release of its first annual corporate responsibility commitment report.
Why PPG’s Performance Coatings Segment Margins Declined
PPG Industries’ (PPG) Performance Coatings segment is the most significant contributor to the company’s overall revenue in Q3 2018.
Tronox’s Quarterly Dividend and Stock Price Update
On August 15, Tronox (TROX) announced its latest quarterly dividend of $0.045 per share. Tronox set the record date as August 27.
How APD’s Industrial Gases–EMEA Segment Performed in Fiscal Q3
In fiscal Q3 2018, Air Products and Chemicals’ (APD) Industrial Gases–EMEA segment’s total revenue contribution expanded 3.5 percentage points YoY to 24.8% from 21.3%.
Why PPG’s Industrial Coatings Segment Margin Declined in Q2
PPG Industries’ (PPG) Industrial Coatings segment represented 39.5% of the company’s total revenue in Q2 2018 compared to 39.6% in Q2 2017.
Who Are the Top Institutional Investors in APD?
The 13F filings by institutional investors as of March 31 indicate that institutional investors own 87.0% of Air Products and Chemical’s (APD) outstanding shares.
Chemours Increases Prices of Vazo Products
On June 18, Chemours (CC) announced that it would increase the prices of all grades of Vazo products.
Chemours’s Interest Expense Is Set to Decline
Chemours’s (CC) interest expense has remained steady for the past two years.
Chemours to Raise Its Debt: Good or Bad?
At the end of the first quarter, Chemours’s (CC) debt stood at $4.1 billion. It is now on its way to adding 450 million euros in 4% senior notes.
Tronox Plans to Raise $615 Million through Senior Notes
On March 27, 2018, Tronox (TROX) announced that it completed the pricing of $615 million in senior notes with a coupon rate of 6.5%.
Chemours Increases Fluoropolymer Prices
On March 29, 2018, Chemours (CC) announced a price increase for its range of fluoropolymer products across the globe.
Tronox to Exit Non-Core Business, Sells Electrolytic Operations
Tronox’s stock price declined 6.2% and closed at $18.23. As a result, the stock traded 15.7% lower than the 100-day moving average price of $21.62.
Why Analysts Are Positive on W.R. Grace
In the past six months, the number of analysts covering W.R. Grace (GRA) has fallen from 14 to the present 11.
Tronox Extends Acquisition Agreement with Cristal
On March 1, 2018, Tronox (TROX) announced that it agreed to extend the deadline related to the acquisition of Cristal’s titanium dioxide business.
Albemarle’s Lithium and Advanced Materials Segment in 4Q17
Albemarle’s (ALB) Lithium and Advanced Materials segment is its largest revenue contributor, accounting for 42.2% of its total revenues in 4Q17.
Celanese Increases Prices of Polymer Products
On January 24, 2018, Celanese (CE) announced price hikes for propylene-based short-fiber and long-fiber thermoplastic compounds and its polyamide-based polymer grades.
Tronox Gives Updates on Cristal Acquisition
Tronox has filed a lawsuit in the United States District Court asking declaratory and injunctive relief to ensure that FTC doesn’t block the acquisition.
PolyOne Begins 2018 with Acquisition of IQAP Masterbatch Group
On January 2, 2018, PolyOne (POL) announced that it acquired Spain-based IQAP Masterbatch Group.
Albemarle Strengthens Its Leverage Position
At the end of 3Q17, Albemarle (ALB) reported debt of ~$1.8 billion, its lowest point since 2014.
Westlake Announces Optional Redemption of Senior Notes
On December 18, 2017, Westlake Chemical (WLK) announced that it had sent notices about the optional redemption of $688 million in senior notes.
Chemours to Increase Fluoropolymer Prices
On December 21, 2017, Chemours (CC) announced price hikes on some of its products.
What Could Boost RPM International’s Fiscal 2Q18 Revenue
Analysts’ revenue expectations As of December 20, 2017, analysts expected RPM International (RPM) to report revenue of $1.3 billion in fiscal 2Q18. The expected revenue represents growth of 6.7% year-over-year. In fiscal 2Q17, RPM reported revenue of $1.2 billion. Between 2012 and 2017, RPM’s second-quarter revenue grew at a CAGR (compound annual growth rate) of […]
H.B. Fuller Opens a New Facility in Germany
On November 28, 2017, H.B. Fuller (FUL) announced that it has started a new Automotive Competency Center in Mannheim, Germany.
H.B. Fuller Finalizes Its Adecol Deal
On November 6, 2017, H.B. Fuller (FUL) provided its acquisition plans for Adecol Indústria Química, a Brazilian company.
Chemours to Pay a 4Q17 Dividend
On November 7, Chemours (CC) announced that it would pay a dividend in 4Q17. Chemours announced that the dividend rate would be $0.03.
H.B. Fuller Inducts Ruth Kimmelshue to Its Board of Directors
On October 4, 2017, H.B. Fuller (FUL) announced that Ruth Kimmelshue had been appointed to the company’s board of directors, effective immediately.
Can RPM International Outperform the Analysts’ Revenue Estimate for Fiscal 1Q18?
As of September 25, 2017, analysts have forecasted that RPM will report revenues of $1.32 billion for fiscal 1Q18, which would be a 5.5% rise over fiscal 1Q17.
Celanese Continues to Hike Its Product Prices
On September 14, 2017, Celanese (CE) announced that it’s increasing the prices for several of its products across different regions.
Tronox Will Raise $450 Million through Senior Notes
On September 14, 2017, Tronox (TROX) announced that it will raise $450 million through senior notes. The notes will mature in 2025.
Huntsman’s Dividend Yield Falls as Its Stock Price Rises
Huntsman’s dividend yield Dividend yields are very important for long-term investors, as they fetch a steady income. Investors prefer companies with a strong dividend yield and growth. As Huntsman (HUN) has maintained its dividend rate, we can expect it to pay a fiscal 2017 dividend of $0.50 per share At this dividend rate, Huntsman’s dividend yield […]
Huntsman Keeps Its Quarterly Dividend Stable
Huntsman (HUN) has declared a 3Q17 dividend of $0.13 per share, and is expected to pay it on September 29, 2017.
Chemours Has Continued Its Upward Momentum in 2017
So far in 2017, Chemours (CC) stock has given investors stunning returns. The stock has risen 128% YTD and outperformed SPY.
Chemours: Analysts’ Recommendations and More
For Chemours, 88% of the analysts recommended a “buy,” 12% of the analysts recommended a “hold,” and none of the analysts recommended a “sell.”
Why Is Chemours’ Dividend Yield Low?
Since Chemours hasn’t increased its dividend rate since 4Q15, we can expect the company to pay a dividend of $0.12 for fiscal 2017.
Chemours: Analyzing Its 3Q17 Dividend
On September 15, 2017, Chemours (CC) will pay the 3Q17 dividend on its outstanding common shares. It has declared a cash dividend of $0.03 per share.
Celanese: Another Round of Price Hikes on Some Products
Celanese’s stock price fell 1.3% and closed at $96.78 for the week ending September 8, 2017. It traded 4.40% above the 100-day moving average price.
H.B. Fuller to Acquire Royal Adhesives and Sealants
On September 4, 2017, H.B. Fuller (FUL) announced that it has entered into an agreement to acquire Royal Adhesives and Sealants.
Is LyondellBasell Stock Undervalued Compared to Its Peer?
As of September 7, 2017, LyondellBasell’s one-year forward PE multiple stands at 9.80x, while Eastman Chemical has one-year forward PE multiple of 10.70x.
Tronox Completes the Sale of Alkali Chemicals Business
On September 1, 2017, Tronox (TROX) announced that it had completed the previously announced sale of its alkali chemicals business to Genesis Energy (GEL).
Ashland Hikes Prices of Gelcoat in EMEA
On August 25, 2017, Ashland (ASH) announced that it would hike the prices of its Gelcoat portfolio. The price hike will be 75 euros per metric ton.
Celanese Increased Vinyl Acetate Monomer Prices
Celanese stock fell 1.0% and closed at $95.77. Despite the fall in the prices, the stock was trading 4.3% above the 100-day moving average price of $91.78.
Albemarle’s 2Q17 Revenues Rose on Higher Volumes
ALB has guided its fiscal 2017 revenues to be in the range of ~$2.9 billion–$3.1 billion.
Celanese Impacts Price Hikes on Acetyl Intermediates
On August 2, 2017, Celanese (CE) announced that it’s increasing the prices of a few acetyl intermediates. The price increase will be effective immediately.
Tronox Will Sell Its Alkali Chemicals Business
On August 2, 2017, Tronox (TROX) announced that it entered into a definitive agreement with Genesis Energy LP (GEL) to sell its alkali chemicals business.
Chemours: Analysts’ Recommendations after Its 2Q17 Earnings
For Chemours (CC), 88% of the analysts recommended a “buy,” 12% recommended a “sell,” and none of the analysts recommended a “hold.”
Chemours Reported Its Highest Quarterly Revenue in 2Q17
In 2Q17, Chemours (CC) reported its highest quarterly sales. The company reported sales of $1.59 billion in 2Q17—an increase of 15.20% on a YoY basis.
Chemours Stock Fell despite Strong Earnings in 2Q17
Chemours (CC) reported its 2Q17 earnings on August 2, 2017, after the markets closed. The company’s management held a conference call on August 3, 2017.
Why Air Products & Chemicals’ Revenue Rose in 3Q17
Air Products & Chemicals (APD) follows October 1–September 30 as its fiscal year. The company reported revenue of $2.11 billion.
H.B. Fuller Will Acquire Adecol
H.B. Fuller had a quiet week with a meager gain of 0.1% for the week ending July 21, 2017. The stock closed at $51.50.
What Can We Expect for DuPont’s Earnings per Share in 2Q17?
DuPont’s earnings per share estimates for 2Q17 As of July 19, 2017, analysts expected DuPont (DDD) to post operating EPS (earnings per share) of $1.29, an increase of 4.0% YoY (year-over-year). In 2Q16, DuPont reported operating EPS of $1.24. The forecast increase in DuPont’s operating EPS is expected to be driven by improved SG&A (selling, general, […]
Inside Celanese’s Price Hikes Products
On July 12, 2017, Celanese (CE) announced that it will be increasing the prices of a few of its acetyl intermediate products.
Tronox Hikes Soda Ash Price with Immediate Effect
On July 5, 2017, Tronox (TROX) announced that it’s increasing the price of soda ash by $6 per short ton, applicable to bulk and packaged products.
International Flavors and Fragrances Launches New Company
IFF fell 0.8% for the week ended June 30, 2017, and closed at $135.00.
Chemours Opens New Manufacturing Facility in Mexico
Chemours made big gains for the week ended June 30, 2017. It rose 5.3% and closed at $37.92.
Why LyondellBasell Is Trading at a Discount to Peers
As of June 26, 2017, LyondellBasell’s one-year forward PE (price-to-earnings) multiple stood at 8.50x.
Understanding the Recent Rise in Chemours Stock
Since the beginning of 2017, Chemours (CC) stock has given a tremendous performance, gaining 66.6% YTD as of June 22.
Chemours by Valuation: Where CC Stands among Peers
On June 23, 2017, Chemours one-year forward PE (price-to-earnings) multiple was 10.0x, as compared to KRO’s one-year forward PE multiple of 16.30x.
Chemours on the Street: Recommendations and Target Prices
Among the eight analysts covering Chemours stock, 75% have issued a “buy” recommendation, while 12.5% have issued a “hold” recommendation.
How Comfortable Is Chemours in Servicing Its Debt?
Chemours has $1.4 billion variable interest rate debt. Now that the Fed has begun raising the interest rates, CC’s interest expenses could go up.
Behind Chemours’ Debt Development since Its Spin-Off
When Chemours (CC) was spun off from DuPont (DD) on July 1, 2015, many believed that CC was doomed to fail.
Chemours to Take New Measures to Eliminate Waste in Fayetteville
Chemours stock fell 1.9% for the week and closed at $36.0. CC stock has been in a downward trend since May.
Analysts’ View on International Flavors & Fragrances
For International Flavors & Fragrances, 33% of the analysts recommended a “buy,” 60% recommended a “hold,” and 7% recommended a “sell.”
Celanese Raises Product Prices in Europe and Asia
On June 13, 2017, Celanese (CE) increased the prices of methyl isobutyl carbinol (or MIBC) in Europe.
PolyOne Acquired Rutland Holding Company
On June 8, 2017, PolyOne (POL) announced that it acquired Rutland Holding Company. The acquisition will help PolyOne expand its portfolio.
Why Did IFF’s Earnings Beat Analysts’ Estimates?
International Flavors & Fragrances (IFF) announced its 1Q17 earnings on May 8, 2017, after the market closed. It reported adjusted EPS of $1.52 in 1Q17.
Air Products & Chemicals Stock: 2017 Performance So Far
As of March 29, 2017, Air Products & Chemicals’ (APD) year-to-date stock performance was negative, falling 4.9% to date.
HB Fuller Expands in India with New R&D Center
On March 21, 2017, HB Fuller (FUL) announced that it had officially opened its new business office and research and development center at its Shirwal manufacturing facility in India.
H.B. Fuller Has Another Round of Price Hikes
On March 7, 2016, H.B. Fuller (FUL) announced another round of price hikes for its products. It came on the back of other price hikes the week before.
H.B. Fuller Increases Price for Adhesives in North America
On March 3, 2017, H.B. Fuller (FUL) announced price increases for its adhesives in the North American region.
Ratner Leaves RPM International’s Board of Directors
On February 24, 2017, RPM International (RPM) announced that Charles Ratner would be retiring from RPM’s board of directors after serving the company for 12 years.
What Are Analysts’ Recommendations for Chemours?
After Chemours’ 4Q16 earnings, 38.0% of the analysts recommended a “buy” for the stock, 50.0% recommended a “hold,” and 12.0% recommended a “sell.”
Chemours’ Fluoroproducts Segment’s Revenue Rose in 4Q16
Chemours’ (CC) Fluoroproducts segment reported revenue of $569 million in 4Q16—an increase of 10.5% compared to $515 million in 4Q15.
Chemours: Titanium Technologies Segment’s Revenue Rose in 4Q16
Chemours’ (CC) Titanium Technologies segment reported revenue of $623 million in 4Q16—an increase of 5.8% compared to $589 million in 4Q15.
Chemours Beat Analysts’ 4Q16 Revenue Estimates
Chemours (CC) reported its 4Q16 results on February 15, 2017, after the markets closed. Chemours reported 4Q16 revenue of $1.32 billion.
Background on DuPont’s PFOA Litigation
Prior to 2002, DuPont used to purchase PFOA from third parties for its manufacturing process. The EPA raised concerns about the safety of PFOA.
What Are Analysts Recommending for Chemours ahead of 4Q16?
As of February 9, 2017, eight brokerage firms are actively tracking Chemours (CC) stock. About 25.0% of them have recommended a “buy” for the stock.
RPM International Has Acquired Prime Resins
On January 17, 2017, RPM International (RPM) announced that it has acquired Prime Resins. The acquisition will be integrated into RPM’s USL Group.
RPM International to Acquire SPS Group
On December 21, RPM announced that it has entered an agreement to acquire SPS Group.
How Did IFF’s Fragrances Segment Perform in 3Q16?
IFF’s Fragrances segment reported revenues of ~$410.1 million in 3Q16, as compared to $406 million in 3Q15, implying a 1.0% YoY rise.
Analysts Are Truly Divided on Chemours after Its 3Q16 Earnings
Among the analysts covering Chemours’ stock, 33.33% analysts recommended a “buy,” while 33.33% issued a “hold,” and the remaining 33.33% issued a “sell.”
Why Did the Chemours Chemical Solutions Segment’s Revenue Dip in 3Q16?
Chemours’ Chemical Solutions segment reported revenue of $182 million in 3Q16, as compared to $295 million in 3Q15, implying a revenue fall of 38.2% YoY.
Can IFF Surprise Analysts with a Higher Net Profit Margin?
Wall Street analysts are expecting International Flavors and Fragrances (IFF) to post a net profit margin of 14.6% in 3Q16, compared to 14.7% in 2Q16.
Can IFF Break the Jinx of the $700 Million Revenue Range?
Analysts are expecting International Flavors and Fragrances to post revenue of $787.20 in 3Q16, implying a 2.9% rise in its projected revenue on a year-over-year basis.
PolyOne Will Manufacture Specialty Materials in India
On October 12, 2016, PolyOne (POL) announced that it would produce specialty engineered materials at its existing facility in Pune, India.
Chemours Inaugurates New TiO2 Production Line at Altamira in Mexico
On September 22, Chemours inaugurated its new Tio2, which is used as raw material for coatings and paints, production line at its Altamira plant in Mexico.