First Trust Materials AlphaDEX Fund
Eastman Chemical’s Cedroz Received EU Product Authorization
On February 20, Eastman Chemical (EMN) announced that Cedroz received authorization from the Regulatory Affairs Directorate in Malta.
RPM International’s Free Cash Flow Trend
RPM International has been generating positive free cash flows. RPM International’s free cash flows can support the current dividend growth.
RPM International Acquired Siamons International
On December 17, RPM International (RPM) announced that its Rust-Oleum Group acquired Siamons International.
Eastman Chemical and Clariant’s Collaboration
On December 12, Eastman Chemical (EMN) announced that it entered into a collaboration with Clariant to distribute its Tamisolve NxG solvent.
Eastman’s Saflex Manufacturing Sites Attain IATF Quality
Eastman Chemical stock fell 6.6% and closed at $77.64 for the week that ending November 23. The stock underperformed FXZ, which fell 3.2%.
Eastman Chemical Saw a Marginal Fall in Q3 2018
On October 25, Eastman Chemical (EMN) announced its third-quarter earnings results. EMN reported adjusted EPS of $2.34.
Celanese’s Free Cash Flow: Can It Help Reduce Its Debts?
At the end of the second quarter of 2018, CE generated free cash flow of $562 million.
How Praxair’s Surface Technologies Segment Performed in Q2
Praxair’s (PX) Surface Technologies segment was its smallest revenue contributor in Q2 2018.
Eastman Chemcial’s Tritan Gets New Client from Thailand
On July 12, Eastman Chemical (EMN) announced that it has a new order for its Tritan from Bangkok-based JCP Plastic.
Cabot and Pioneer Reach an Offtake Agreement
Analysts are bullish on CBT stock and have recommended a target price of $72.30, which implies a return potential of 15.8% from its June 22 closing price.
How Institutional Investors Are Playing Sherwin-Williams
March 31 13F filings indicate that institutional investors own 75.7% of Sherwin-Williams’s (SHW) outstanding shares.
Celanese Increases Product Prices, Stock Gains Momentum
On May 18, Celanese (CE) announced price hikes for several of its products. The price increase will be effective from June 1.
What Caused LYB’s Refining Segment’s Earnings to Turn Positive?
LyondellBasell’s (LYB) Refining segment accounted for 23.1% of its total revenue in 4Q17 compared to 20.1% in 1Q18.
Huntsman Completes Demilec Acquisition
On April 23, Huntsman (HUN) announced that it had completed the acquisition of Demilec, a leading manufacturer and distributor of spray polyurethane foam (SPF) insulation systems.
Celanese Hikes Prices in Asia
On April 27, Celanese (CE) announced product price increases in Asia. In this series, we’ll discuss this update and others in the chemical industry.
An Update on Celanese’s Latest Product Price Hikes
Celanese (CE) stock gained 4.2% and closed at $104.16 for the week ended April 13, 2018.
Why Bears Continue to Show Interest in Eastman Chemical
EMN’s short interest has risen since the beginning of 2018.
What Analysts Recommend for Eastman Chemicals after 4Q17
The analyst consensus target price for EMN is $109.3, which implies a return potential of 3.5% over the closing price as of March 29, 2018.
Tetrashield: Eastman Chemical’s Game Changer
Eastman Chemical (EMN) will demonstrate Tetrashield at the upcoming American Coatings Show in Indianapolis on April 10–12.
Celanese and Blackstone End Their Joint Venture
On March 19, 2018, Celanese (CE) announced that it called off the joint venture with Blackstone (BX) to form a new acetate tow supplier.
How Olin Stock Has Fared in 2018 Year-to-Date
On a year-to-date basis, until March 19, 2018, OLN stock has fallen 15.5%.
Huntsman Acquired Demilec for $350 Million
On March 13, 2018, Huntsman (HUN) announced that it acquired Demilec. Huntsman will pay $350 million in cash for the acquisition.
Update on Eastman Chemical’s Higher Product Prices
On March 16, 2018, Eastman Chemical (EMN) announced price hikes for certain products. The price hikes will be effective on April 1, 2018.
Celanese: More Price Hikes for Acetyl Intermediates
On March 14, 2018, Celanese (CE) announced that it would increase the prices of a few acetyl intermediates products.
Celanese Announced a Product Price Increase
On March 9, 2018, Celanese (CE) announced that it would increase the price of an acetyl intermediate product.
Huntsman Corporation Raises Its Cash Dividend by 30%
On February 23, 2018, Huntsman Corporation (HUN) increased its quarterly dividend by 30.0%. Annually, its dividend equals $0.65 per share.
Update on Celanese’s Acetyl Intermediates Price Increase
Celanese (CE) stock gained 1.7% and closed at $103.95 for the week ended February 23, 2018.
Eastman Chemical Launches Insoluble Sulfur—Crystex Cure Pro
Eastman Chemical launches new insoluble sulfur On February 16, 2018, Eastman Chemical (EMN) announced the launch of Eastman Cure Pro, its next generation of insoluble sulfur. This new sulfur is a vulcanizing agent that has high thermal stability, superior dispersion, and enhanced flow. Cure Pro is expected to help tire manufacturers improve productivity and reduce costs. […]
Celanese Increases Low-Density Polyethylene Prices
On February 14, Celanese (CE) announced a price increase of $0.04 per pound for low-density polyethylene (or LDPE).
Celanese Increases Price of Acetaldehyde in Europe
On February 9, 2018, Celanese (CE) announced that it would increase the list and off-list prices of acetaldehyde.
How IFF Stock Has Performed since 3Q17 Earnings
International Flavors and Fragrances is set to announce its 4Q17 earnings on February 14, 2018, after market hours.
How LyondellBasell’s Refining Segment Fared in 4Q17
LyondellBasell’s (LYB) Refining segment accounted for 23.1% of LYB’s total revenues in 4Q17 compared with 20.1% in 4Q16.
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.
How LyondellBasell’s Valuations Compare with Peers
As of January 25, 2018, LYB’s one-year forward price-to-earnings multiple stood at 12.60x, while its peer Eastman Chemical (EMN) had a one-year forward price-to-earnings multiple of 12.20x.
Eastman Chemical’s Demand for Tritan Continues to Grow in Asia
The demand for Eastman Chemical’s Tritan continues to grow.
Celanese Gives Key Updates on Joint Venture with Blackstone
Celanese stock rose 2.9% to close at $111.34 for the week ended January 12, 2018.
Key Updates on Celanese’s Joint Venture with Ibn Sina
On January 2, 2018, Celanese (CE) announced that its 50,000-metric-ton polyacetal facility construction with Ibn Sina in Jubail Industrial City, Saudi Arabia, is commercially operational.
Huntsman Gives Updates on Management Changes
On December 19, Huntsman (HUN) announced changes to its board.
Celanese to Acquire Omni Plastics
On December 18, 2017, Celanese (CE) announced that it has entered a definitive agreement to acquire Omni Plastics.
Celanese: New Solution Center and Acetyl Price Hike
Celanese’s stock price remained flat for the week ending December 15, 2017. Celanese traded 3.90% above the 100-day moving average price of $102.55.
Huntsman’s Debt-to-Equity Ratio Is Getting Stronger and Stronger
Huntsman’s (HUN) debt has been on a declining trend ever since it peaked at $5.2 billion in 2014.
Huntsman Repays Its Senior Term Loan
On December 4, 2017, Huntsman (HUN) announced that it would pay the remaining $511 million of its Term Loan B due in 2023.
Westlake Chemical’s Valuation: Still Better Than Peers
As of December 4, 2017, Westlake Chemical’s (WLK) one-year forward PE (price-to-earnings) multiple is 15.10x.
Huntsman to Pay 4Q17 Dividend in December
On November 6, HUN announced that it will pay a dividend of $0.125 per share on December 29, which implies no change in its dividend rate over 4Q16.
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.
Huntsman and Clariant Call Off their Merger
On October 27, Huntsman (HUN) and Clariant announced that they mutually agreed to terminate a proposed merger of equals. The decision was approved by both boards.
Cabot and Dow in Groundbreaking Ceremony of New Manufacturing Plant
Cabot (CBT) celebrated the opening of its new fumed silica manufacturing plant, which is situated adjacent to Dow’s Carrollton site in western Kentucky.
Huntsman’s 3Q17 Expectations amid Hurricane Harvey Impact
Huntsman expects its Texas Gulf Coast facility to be fully operational once the engineering and safety checks are completed and there are available raw materials.
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.
How Attractive Is Eastman Chemical’s Dividend Yield?
Eastman Chemical’s dividend payout has remained steady in the range of 28% to 32% from 2014 to 2016.
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.
Is Olin’s Dividend Yield Attracting Investors?
With Olin (OLN) having made no change to its dividend rate, we can expect Olin to pay a dividend of $0.80 per share for fiscal 2017.
Sherwin-Williams: Why It’s Trading at a Premium
Analysts expect Sherwin-Williams’ fiscal 2018 earnings to be $17.90, which implies 19.20% growth compared to fiscal 2017.
Westlake Chemical Raised Its Quarterly Dividend 10%
Westlake Chemical will pay a dividend of $0.21 per share on September 18, 2017. It’s Westlake Chemical’s 52nd dividend payment without any interruption.
What’s the FTC’s Stance on the Huntsman-Clariant Merger?
On August 15, Huntsman provided an update on its merger with Clariant. It’s on track to meet the regulatory conditions required to complete the merger.
What’s Compass Minerals Doing to Gain a Cost Advantage?
Led by its superior assets, location, and geological advantages, Compass Minerals holds a competitive position with a wide economic moat rating.
Venator IPO Closes: Will Huntsman Benefit?
On August 8, 2017, Huntsman (HUN) announced that its subsidiary, Venator Materials, had closed its initial IPO of 26,105,000 ordinary shares.
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.
Analyzing Sherwin-Williams and Valspar’s Acquisition Deal
On March 20, 2016, Sherwin-Williams (SHW) announced that it entered into a definitive agreement to acquire Valspar in an all-cash transaction.
What Are Analysts’ Saying about Eastman Chemical?
A total of 17 analysts are actively tracking Eastman Chemical (EMN) as of July 5, 2017. Among them, 65% of analysts have recommended “buys” on the stock.
What Celanese’s Falling Interest Expense Trend Suggests
At the end of 1Q17, CE’s interest coverage ratio stood at 9.24x, indicating that Celanese can easily service its debt.
Huntsman and Clariant Agree to Merge
On May 22, 2017, Huntsman (HUN) and Clariant announced that their respective boards have approved a merger to form a new entity called HuntsmanClariant.
Huntsman Increases Price of Titanium Dioxide across Regions
On May 8, 2017, Huntsman’s (HUN) spinoff division Venator announced a price increase for its titanium dioxide pigments.
Acquisition Revenue Drove RPM International’s Industrial Segment
The Industrial segment is the largest revenue contributor to RPM International’s (RPM) overall revenue. It had a revenue share of 51% in fiscal 3Q17.
Why Analysts Expect RPM’s Revenue to Rise despite Tough Conditions
Analysts are expecting RPM International (RPM) to post revenues of $1.0 billion in fiscal 3Q17, an increase of 5.2% over the corresponding quarter last year.
What’s in Store for Eastman Chemical’s Quarterly Dividend
On February 16, 2017, Eastman Chemical (EMN) announced a quarterly dividend of $0.51 per share on the company’s outstanding common stock.
Huntsman Announces More Closures at Calais Facility
On March 17, 2017, Huntsman (HUN) announced plans to close down the white end finishing and packaging operation of its titanium dioxide manufacturing facility in Calais, France.
Huntsman on the Street: What the Analysts Are Saying
On March 16, 2017, of the 12 brokerage firms tracking Huntsman stock, 58% have recommended a “buy,” and 42% analysts have recommended a “hold.”
Inside Huntsman’s 1Q17 Dividend
On February 9, 2017, Huntsman (HUN) announced a dividend of $0.125 per share for 1Q17 on the company’s outstanding common stock.
Huntsman to Keep 40% Economic Interest in Venator
On February 16, 2017, Huntsman received approval from the IRS to keep a 40.0% interest in Venator Materials.
Huntsman Names Venator Materials Its Spin-Off Entity
On January 17, 2017, Huntsman (HUN) announced the name of its proposed spin-off for its pigments and additives business. It will be called Venator Materials Corporation.
How Huntsman Aims to Improve Its Debt Position
At the end of 3Q16, Huntsman’s (HUN) debt stood at $4.6 billion.
How Will Huntsman’s Interest Expense Look Going Forward?
Huntsman’s (HUN) interest expense in the first three quarters of 2016 hovered between $50 million to $52 million per quarter.
Huntsman Completed Sale of European Surfactants Business
On December 30, 2016, Huntsman (HUN) announced the completion of the previously announced sale of its European surfactants business to Innospec (IOSP).
Why the US Market Is Key for Scotts Miracle-Gro
SMG’s primary market Earlier, we saw that The Scotts Miracle-Gro Company is present in about 18 countries around the globe and serves customer needs from lawn and gardening to weed and pest control. Despite its presence in several countries, Scotts Miracle-Gro has high stakes in the US market. The company serves the consumer and retail […]
How Scotts Miracle-Gro’s Brands Overlap
Scotts’s products and brands The Scotts Miracle-Gro Company (SMG) sells many products that enable customers to grow and maintain lawns and gardens. Since growing lawns and gardens requires several elements, it’s not unusual that several players serve the market (FXZ). These include Central Garden & Pet (CENT), Spectrum Brands (SPB), and Seabord (SEB). The Scotts […]
Westlake Chemical Announced 4Q16 Dividend
On November 21, 2016, Westlake Chemical (WLK) announced a fourth quarter dividend of $0.19 per share.
Huntsman Stock Rises on Refinancing News
On November 15, 2016, Huntsman (HUN) announced that it had refinanced its term loan B due in 2021 and term loan B due in 2023.
Will Tender Offer Reduce Eastman Chemical’s Interest Expense?
As of November 18, 2016, Eastman Chemical closed at $74.18, down 1.4% for the week.
How Did RPM’s Specialty Segment Perform in 1Q17?
In fiscal 1Q17, RPM International’s Specialty segment reported revenue of $176.3 million, representing 14.1% of the company’s total revenue.
Understanding RPM International’s Geographical Revenue Mix
In fiscal 2016, the US reported revenue of ~$3.2 billion, representing 65.6% of RPM’s total revenue.
Take Monsanto’s Earnings Margins with a Grain of Salt
Monsanto (MON) sales have declined, and weakness is also evident in fertilizer companies (FXZ) such as PotashCorp (POT).
Potash Prices for the Week Ended September 23
Potash prices in the Corn Belt region of the United States appear to still be reversing their downward movement.
A Look at Ammonia Prices Last Week
The current levels of ammonia prices at several locations are below their comparative levels last year.
Eastman Chemical Raises Prices of Key Products
On September 14, 2016, Eastman Chemical (EMN) announced a price increase in several plasticizer products, effective October 1, 2016.
Have Urea Prices Hit the Bottom?
Average weekly prices of granular urea were flat to positive last week. In the Corn Belt region, average weekly prices rose 2.2% to $208 per metric ton.
Strong Automotive Demand Could Support AK Steel
Strong automotive demand should help AK Steel in the coming quarters. Automotive companies generally buy steel under supply contracts from various steel companies.
How Does Lennox Compare to Its Peers?
Lennox is way ahead of its peers based on the PE ratio. Lennox outperformed its ETFs based on the price movement and PE ratios.
Crown Holdings’ Income Rose and Its EPS Fell in 3Q15
Crown Holdings (CCK) has a market cap of $7.1 billion. After the earnings report in 3Q15, it fell by 0.93% to close at $51.15 per share as of October 19, 2015.
How Does Acuity Brands Compare to Its Peers?
Acuity Brands is way ahead of its competitors based on gross profit margin, EPS, and current, PE, and PBV ratios.
Why Did Monsanto’s Performance Fall in 4Q15?
Monsanto’s (MON) falling performance included net sales of $2.4 billion for 4Q15. The net sales for fiscal 2015 were reported at $15 billion.