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.
Tronox Fell 26% in December: An Opportunity for Investors?
Tronox (TROX) continued its downward trend in December and fell 26%. Tronox was the biggest loss among specialty chemical companies.
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.
Versum Materials Rose 9.8% in November
Versum Materials was the second-best performer among specialty chemical companies. Versum Materials gained ~9.8% in November.
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 Stock Falls as It Waits for Cristal Acquisition Approval
Tronox (TROX) continued its declining trend and tanked 12.2% in August, underperforming the S&P 500 (SPY).
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 Announced Its Public Offering of 450 Million Euros
On May 22, Chemours (CC) announced the pricing of its public offering of 450 million euros. The senior notes are due 2026.
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.
Why Is LyondellBasell Trading at a Discount to Its Peers?
As of March 22, 2018, LyondellBasell’s one-year forward PE (price-to-earnings ratio) stands at 9.9x.
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.
H.B. Fuller: Higher Prices for Adhesives
On February 27, 2018, H.B. Fuller (FUL) announced a price increase for all of its adhesive products on March 1–April 1, 2018.
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.
How Albemarle’s Valuation Compares with Its Peers
On December 27, 2017, ALB’s one-year forward price-to-earnings multiple stood at 25.0x while FMC’s one-year forward price-to-earnings multiple stood at 27.4x.
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 […]
How Eastman Chemical’s Valuation Stands Compared to Peers
In this article, we’ll compare Eastman Chemical’s (EMN) valuations with peer LyondellBasell’s (LYB) valuations.
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.
Tronox Appoints Quinn as New Chief Executive Officer
On November 16, 2017, Tronox (TROX) appointed Jeffry N. Quinn as its new president and CEO (chief executive officer), effective December 1, 2017.
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.
Why LyondellBasell’s Refining Segment’s Operating Income Turned Positive
LYB Refining segment accounted for ~19.6% of LYB’s total revenues in 3Q17, compared with 18.0% in 3Q16, indicating a YoY rise of 1.6 percentage points.
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.
RPM International Reports Strong Revenue Growth in Fiscal 1Q18
RPM International (RPM) reported record first-quarter revenue in fiscal 1Q18.
Tronox Redeems $900 Million in Senior Notes
On September 25, Tronox announced that it had redeemed its remaining outstanding balance of $900 million, carrying a coupon rate of ~6.4% senior notes due 2020.
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.
Tronox Completes $450 Million Senior Notes Offering
On September 22, 2017, Tronox (TROX) announced that it has completed its $450.0 million offering of senior notes due in 2025.
Ashland’s Texas and Marl Manufacturing Plants Resume Operations
On September 18, 2017, Ashland (ASH) announced that it has resumed normal operations at its manufacturing plant in Texas and its Marl manufacturing plant in Germany.
Comparing APD and Praxair’s 1-Year Forward PE Multiples
As of September 19, 2017, Air Products and Chemicals’ one-year forward PE multiple stands at 21.90x. Praxair has a one-year forward PE multiple of 22.40x.
Ashland Increases the Price of Maleic Anhydride
On September 14, 2017, Ashland (ASH) announced that it’s hiking maleic anhydride prices. The price increase will be $0.02 per pound.
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.
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.
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.
Ashland Hiked Maleic Anhydride Prices
On August 14, 2017, Ashland (ASH) announced that it would hike maleic anhydride prices. The price increase will be $0.02 per pound starting on September 1.
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.
Celanese Increases Ethyl Acetate Prices in Europe
On July 6, 2017, Celanese (CE) announced that it has increased its price for ethyl acetate by 150 euros per metric ton.
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.
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.
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 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.
IFF and ZoomEssence Settle Litigation
On June 23, 2017, International Flavors and Fragrances (IFF) announced that it had agreed to settle its claims and counter claims with ZoomEssence.
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.
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.”
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.
Chemours Was Added to the Fortune 500 List
Chemours stock closed at $40.10 on June 9, 2017, and fell 2.6% for the week. Chemours is trading 12.70% above its 100-day moving average of $35.58.
International Flavors & Fragrances to Raise $500 Million
On May 15, 2017, International Flavors & Fragrances (IFF) announced its intention to raise $500.0 million in senior notes due in 2047.
Celanese Increases the Price of Acetic Acid
On May 9, 2017, Celanese (CE) announced a price increase for acetic acid of $50 per metric ton. In China, the price rose 350 renminbi per metric ton.
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.
Celanese Completed Takeover of NILIT’s Nylon Compounding Division
On May 3, 2017, Celanese (CE) announced that it had completed the takeover of the nylon compounding division of NILIT.
LyondellBasell’s ACP Polyethylene Technology to Be Used by Hengli
On April 12, 2017, LyondellBasell (LYB) announced that it would supply its Hostalen ACP PE process technology to Hengli Petrochemical (Dalian).
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.
Celanese Increases Prices of Acesulfame Potassium
On March 23, Celanese (CE), announced that prices of acesulfame potassium, sold globally under the Sunett trademark, would increase to three euros (or $3.21) per kilogram.
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.