DowDuPont’s Q3 Revenue Grew but Fell Short of Estimates
DowDuPont (DWDP) reported Q3 2018 revenues of $20.12 billion, an increase of 10.0% over its pro forma revenues of $18.29 billion in Q3 2017.
Can APD Keep Up its Upward Revenue Trend?
Air Products and Chemicals (APD) is expected to report revenues of $2.31 billion in the fourth quarter of the fiscal year, which represents a ~4.9% increase from to the fourth quarter of 2017.
Analyzing DowDuPont’s Institutional Holdings before Its Earnings
The 13F filings on June 30 indicated that institutional investors own 70.8% of DowDuPont’s (DWDP) outstanding shares.
W.R. Grace Declares a Quarterly Dividend
On October 24, W.R. Grace (GRA) announced its regular quarterly dividend. GRA declared a dividend of $0.24 per share.
Praxair-Linde Merger Gets Approval from Federal Trade Commission
On October 22, the FTC (Federal Trade Commission) provided conditional approval of the merger of Praxair (PX) and Linde AG.
How PPG’s Industrial Coatings Segment Performed in Q3 2018
PPG Industries’ (PPG) Industrial Coatings segment represented 40% of PPG’s total revenue in Q3 2018.
China Approves Praxair and Linde AG Merger
A recent press release said that the State Administration for Market Regulation had approved the merger between Praxair and Linde AG.
IFF’s Higher Debt Might Concern Investors
At the end of the second quarter, International Flavors and Fragrances (IFF) reported a debt of $1.72 billion.
APD: Industrial Gas Prices Will Increase in North America
On September 17, Air Products and Chemicals (APD) announced that it’s increasing the prices of its liquid and bulk industrial gases.
APD to Increase Supply for Samsung Electronics
Air Products and Chemicals stock gained 2.3% and closed at $168.61 for the week ending September 14.
Dow Chemical Unleashes New Investment Plans
On September 12, Dow Chemical, part of DowDuPont (DWDP), announced debottlenecking and capacity expansion plans in its silicones business.
Air Products to Build New Hydrogen Plant in La Porte, Texas
Air Products and Chemicals (APD) announced its plans to build a liquid hydrogen plant in La Porte, Texas, which could be online by 2021.
DowDuPont to Be Part of FTSE4Good Index
On August 25, DowDuPont (DWDP) announced that it had been named as a part of the FTSE4Good Index Series.
Why Albemarle’s Catalysts Segment Revenue Rose despite Divestiture
Albemarle’s (ALB) Catalysts segment accounted for 33.4% of ALB’s total revenues in Q2 2018 compared to 35% in Q2 2017, a decrease of 1.6 percentage points on a YoY (year-over-year) basis.
How Albemarle’s Bromine Specialties Segment Performed in Q2
Albemarle’s (ALB) Bromine Specialties segment accounted for 25.8% of the company’s total revenues in Q2 2018 compared to 27.7% in Q2 2017.
How Praxair’s Surface Technologies Segment Performed in Q2
Praxair’s (PX) Surface Technologies segment was its smallest revenue contributor in Q2 2018.
Why Praxair’s South American Revenue Fell in Q2 2018
Praxair’s (PX) South American segment’s revenue contribution contracted by 1.8 percentage points YoY (year-over-year) in Q2 2018, to 11.4% from 13.2%.
Inside Praxair’s Asian Segment in Q2 2018
Praxair’s (PX) Asian segment was its second-biggest revenue contributor in Q2 2018.
How Praxair’s European Revenue Is Trending
Praxair’s (PX) European segment contributed 14.5% of its total revenue in Q2 2018, compared with 13.5% in Q2 2017.
How APD’s Valuation Is Faring Compared to Its Peers
As of June 28, Air Products and Chemicals’ (APD) one-year forward PE is 19.5x.
Praxair–Linde Merger to Be Decided on August 24 by EU Regulators
The merger between Praxair (PX) and Linde AG is in the final formalities stage, awaiting the approval from antitrust regulators in the European Union.
Air Products Hikes Prices of Liquid, Bulk Industrial Gas Products
On June 22, Air Products and Chemicals (APD) announced a price increase for its liquid and bulk industrial gas products.
Air Products and Chemicals Upgrades Its Asia Technology Center
Analysts are bullish on APD stock and have projected a target price of $184.40.
Praxair: Analysts See Limited Upside
Among the analysts tracking Praxair, 65% recommended a “buy,” 35% recommended a “hold,” and none of the analysts recommended a “sell.”
Praxair’s Dividend Yield Continued to Fluctuate
As of June 6, Praxair’s current dividend yield was 2.0%—a decline compared to the first-quarter dividend yield of 2.3%.
APD Acquires Shell’s Coal Gasification Business
On May 7, Air Products and Chemicals (APD) completed the acquisition of Shell’s coal gasification Technology licensing business.
Can IFF Meet Adjusted Earnings Expectations?
International Flavors and Fragrances (IFF) is expected to report adjusted earnings per share (or EPS) of $1.59 in 1Q18, an increase of 4.6% over its adjusted earnings per share of $1.52 in 1Q17.
W. R. Grace Bags New UNIPOL Technology Client
On April 24, W. R. Grace (GRA) announced that it would be licensing its UNIPOL PP Process Technology to Inter Pipeline to be used in its Heartland Petrochemical complex in Alberta, Canada
How APD’s Industrial Gases–Asia Segment Performed in Fiscal 2Q18
Air Products and Chemicals’ (APD) Industrial Gases–Asia segment accounted for 25.9% of APD’s total revenue in fiscal 2Q18, narrowing by 3.2 percentage points YoY (year-over-year) from 22.7%.
Air Products and Chemicals Sees Growth across the Board in 2Q18
Air Products and Chemicals’ (APD) revenue rose 9.0% YoY (year-over-year) to $2.16 billion in fiscal 2Q18, missing analysts’ estimate of $2.2 billion.
Air Products and Chemical Beats Estimates in 2Q18, Stock Rises
Air Products and Chemicals (APD) announced its fiscal 2Q18 earnings on April 26.
Praxair Stock Is Smoking on 1Q18 Earnings and Revenue Beat
Praxair (PX), the top industrial gas company, reported revenues of ~$3.0 billion for 1Q18 today.
W.R. Grace Stock Spirals on 1Q18 Earnings and Revenue Beat
W.R. Grace reported revenues of $431.5 million for 1Q18 today, reflecting growth of 8.4% from 1Q17.
Why Sherwin-Williams’s 1Q18 Revenue Could Be Set to Rise
Sherwin-Williams is expected to report revenue of $4.0 billion in 1Q18, a 43.1% increase from 1Q17’s $2.8 billion.
Why RPM’s Consumer Earnings Margins Narrowed
RPM International’s (RPM) Consumer segment is the second-biggest contributor to RPM’s overall revenue.
Why RPM’s Industrial Segment Grew in Fiscal 3Q18
RPM International’s (RPM) Industrial segment has been the largest contributor to RPM’s overall revenue, comprising 51.6% of revenue in fiscal 3Q18 and 51.0% in fiscal 3Q17.
Reviewing APD’s 2018 Stock Performance So Far
Air Products and Chemicals’ (APD) stock performance has remained muted so far in 2018.
RPM International Changes Rust-Oleum Group’s CEO
Edward J. Voorhees III, Rust-Oleum North America’s president, replaced Thomas E. Reed as Rust-Oleum Group’s CEO on March 1, 2018.
Albemarle’s Refining Solutions Segment: Revenue Growth in 4Q17
Albemarle’s (ALB) Refining Solutions segment accounted for 27.8% of its total revenues in 4Q17 compared to 27.7% in 4Q16.
Why Albemarle’s Bromine Specialties Segment’s Margin Expanded
Albemarle’s (ALB) Bromine Specialties segment accounted for 25.5% of the company’s total revenues in 4Q17 compared to 27.9% in 4Q16.
Air Products and Chemicals to Display New Technology at IPC Apex Expo
Air Products and Chemicals (APD) stock gained 0.40% and closed at $164.27 for the week ended February 23, 2018.
How Did DowDuPont’s Agriculture Segment Perform in 4Q17?
DowDuPont’s (DWDP) Agriculture segment accounted for 13.9% of DWDP’s 4Q17 revenue as compared to 15.0% in 4Q16 on a proforma basis.
Praxair to Supply Gases for EverDisplay Optronics in China
On January 22, 2018, Praxair (PX) announced that it has entered a long-term contract with Everdisplay Optronics (EDO), a China-based producer of 4.5 generation AMOLED displays.
Why Some Analysts Have Raised LyondellBasell’s Target Price
Analysts’ consensus target price for LyondellBasell is $109.70.
Analysts’ Views on DowDuPont before Its 4Q17 Earnings
Among the analysts tracking DowDuPont, 84% have recommended a “buy,” 12% have recommended a “hold,” and 4% have recommended a “sell.”
Analysts’ Views Are Mixed following PPG’s 4Q17 Results
Following PPG Industries’ (PPG) 4Q17 earnings, analysts’ consensus has changed compared to their consensus prior to its 4Q17 earnings.
What Praxair’s Short Interest Suggests before 4Q17 Earnings
The latest short interest data as of December 30, 2017, show that Praxair’s (PX) short interest has increased since its 3Q17 earnings were announced on October 26, 2017.
Praxair’s Valuation Compared to Its Peer before 4Q17 Earnings
Praxair’s (PX) one-year forward PE multiple currently stands at 25.8x. Its peer Air Products & Chemicals (APD) has a one-year forward PE multiple of 23.6x.
Wall Street Analysts’ Views on Praxair ahead of 4Q17 Earnings
Of the 20 analysts currently tracking Praxair, 65% of them have recommended a “buy,” and 30% have recommended a “hold.”
Can Praxair Meet Analysts’ Adjusted Earnings Per Share Estimate?
As of January 15, 2018, analysts are expecting Praxair (PX) to report adjusted EPS (earnings per share) of $1.48, an increase of 5.7% on a year-over-year basis.
Praxair’s 4Q17 Revenue Expectations: The Driving Factors
As of January 15, 2018, analysts are expecting Praxair (PX) to post revenue of $2.8 billion for 4Q17, a 6.8% rise on a year-over-year basis.
Praxair’s Stock Performance since Its 3Q17 Earnings
Praxair (PX) is set to announce its 4Q17 and fiscal 2017 earnings on January 25, 2018, before the market opens. Since its 3Q17 earnings release on October 27, 2017, PX stock has risen 9.7%.
RPM International’s Latest Dividend: All the Key Dates
RPM International is set to pay its first dividend for 2018. It’s expected to pay the first quarter dividend on January 31, 2018.
Dow Chemical Expands Propionic Acid Facility in Texas
On December 11, 2017, DowDuPont’s (DWDP) subsidiary Dow Chemical announced that it would expand its propionic acid facility in Texas.
Air Products and Chemicals: Coral Floating LNG Project
Air Products and Chemicals continues to win new contracts, which ensures that strong organic growth is driving its revenue and net income.
Air Products and Chemicals’ New Plant in China Begins Operations
On December 5, 2017, Air Products and Chemicals (APD) announced the beginning of operations of its new plant in the Pukou Economic Development Zone (PKEDZ) in Nanjing in Eastern China.
Dow Chemical Completes Sale of Corn Seed Business
On December 1, Dow Chemical (DWDP) announced the completion of the sale of a portion of Dow AgroSciences corn seed business in Brazil to CITIC Agri Fund.
W.R. Grace Signs a Spree of New Contracts
On November 27 and 28, 2017, W.R. Grace (GRA) signed a spree of new contracts for its Unipol license.
Praxair’s Valuation: Where It Stands Compared to Its Peer
As of November 27, 2017, Praxair’s one-year forward PE multiple was 24.2x, while its peer Air Products & Chemicals (APD) had a one-year forward PE multiple of 22.7x.
Praxair: 4Q17 Dividend Details and Key Dates
On October 26, 2017, Praxair (PX) announced the dates for its 4Q17 regular cash dividend and stated that it would pay a dividend of $0.7875 per share.
Air Products and Chemicals Expands in China
Air Products and Chemicals’ stock price remained flat for the week ending November 24, 2017. It was trading 7.10% above the 100-day moving average price.
Praxair Hikes Helium Prices across Regions
On November 15, 2017, Praxair (PX) announced that it will increase the price of helium, effective January 1, 2018, or as the contract allows.
International Flavors & Fragrances: Strengthening Supply Chain
On November 16, 2017, International Flavors & Fragrances (IFF) launched a new program called Shubh Mint aimed at supporting mint farmers and communities.
W.R. Grace Hikes Silica-Based Product Prices
On November 6, 2017, W.R. Grace (GRA) announced that it would be hiking the prices of its silica-based and molecular sieve products.
Why Albemarle’s Refining Solutions Segment Fell in 3Q17
Albemarle’s (ALB) Refining Solutions segment is the company’s lowest revenue generator, accounting for 22.6% of its total revenues in 3Q17 compared to 29.1% in 3Q16.
DowDuPont Declares Quarterly Dividend and New Share Repurchase Plan
On November 2, 2017, DowDuPont (DWDP) declared a dividend of $0.38 per share for the fourth quarter.
APD’s Industrial Gases–Asia Revenues Rose on New Business Growth
APD’s Industrial Gases–Asia segment reported operating income of $152.0 million in 4Q17, a 38.2% increase from $110.0 million in fiscal 4Q16 YoY.
Why PPG Industries Hiked Industrial Coating Prices
As of October 25, PPG Industries (PPG) announced that it would hike the prices of industrial coatings. On average, PPG plans to hike the prices of all the industrial coating products by 6%.
W.R. Grace to Hike Prices for FCC Catalysts Beginning in 2018
On October 25, W.R. Grace (GRA) announced a price hike for its Fluid Catalytic Cracking (FCC). The price hike should be in the range of 3% to 9%, according to product type and on contract terms.
Praxair Signs New Deal with GlobalFoundries to Supply Nitrogen
On October 17, 2017, Praxair (PX) announced that it has entered into a long-term agreement with GlobalFoundries in Malta, New York.
Air Products and Chemicals Extends Its Contract with Barrick
On October 10, 2017, Air Products and Chemicals (APD) announced that it would continue operating and maintaining Barrick’s oxygen plant in Elko, Nevada.
Why Analysts Are Expecting PPG Industries’ Revenues to Fall in 3Q17
As of October 10, analysts expect PPG Industries (PPG) to post revenues of $3.75 billion in 3Q17, which would be a decline of 1.1% over the previous year.
Axalta Launches the 1st Shatter-Proof Glass Coating
Spencer Coatings, acquired by Axalta (AXTA) in June 2017, has launched a water-based coating that keeps all glass in place if the glass shatters.
Axalta’s Managment Changes in Global Refinishing
AXTA stock was trading 6.6% below its 100-day moving average of $30.98, but analysts expect a target price of $32.53, implying a return potential of 12.5%.
Did Higher Interest Expense Impact IFF’s Interest Coverage Ratio?
At the end of 2Q17, International Flavors and Fragrances’ interest coverage ratio stood at 9.1x.
Chart in Focus: IFF’s Debt Trend in 2017
In 2012, IFF’s total debt was ~$1.0 billion and grew to ~$1.9 billion by the end of 2Q17.
IFF Impresses Investors as Its Stock Price Trends Upward
Year-to-date through September 27, International Flavors and Fragrances (IFF) has returned 19.7%. IFF has outperformed its peer Sensient Technologies (SXT), which has fallen 2.0% year-to-date.
Air Products & Chemicals to Supply Gas in South Korea
On September 19, 2017, Air Products & Chemicals (APD) announced that it will supply oxygen to LG Chem in South Korea for its new production facility.
Air Products and Chemicals Stock Could More in 2017
So far, Air Products and Chemicals (APD) stock has disappointed investors in 2017. As of September 19, 2017, Air Products and Chemicals has returned 4.60%.
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.
Eastman Chemical Hikes the Prices of Esters and Alcohols
On September 14, 2017, Eastman Chemical announced that it’s increasing the prices of Esters and Alcohols. The price increase will be effective on October 1.
Wall Street Talks: Analysts’ Recommendations for PolyOne
About 67.0% of analysts covering PolyOne (POL) have recommended a “buy” for the stock, and 33.0% have recommended a “hold.”
Why Most Analysts Recommend ‘Buy’ for Huntsman
Analysts’ consensus for Huntsman The number of analysts covering Huntsman (HUN) stock has increased from eight analysts to nine analysts in the last month. Among them, 89% of the analysts have recommended “buy,” and 11% have recommended “hold.” There were no “sell” recommendations. Analysts have raised Huntsman’s 12-month target price to $30.11 from $28.71, implying a potential […]
What Eastman Chemical’s Valuations Suggest
As of September 12, 2017, EMN’s one-year forward price-to-earnings multiple stands at 10.85x.
What Analysts Recommend for Eastman Chemical
Analysts’ consensus on EMN’s mean target price is on the rise from $89.92 in July to the current target price of $93.38 as of September 12, 2017.
Olin on the Street: Analysts’ Recommendations
Of the 13 analysts actively tracking Olin (OLN) over the past three months, 61% have recommended a “buy,” while 39% have recommended a “hold.”
Analysts’ Consensus on Westlake Chemical
For Westlake Chemical stock, 60% of the analysts recommended a “buy,” 33% recommended a “hold,” and 7% recommended a “sell.”
Eastman Chemical to Increase Its Copolyester Production Capacity
On August 23, 2017, Eastman Chemical (EMN) announced its plan to expand its copolyester site in Kuantan, Malaysia.
Dividend Yield of Air Products & Chemicals
In this series, we’ll be looking at ten dividend aristocrats with low PE ratios. Dividend aristocrats are S&P 500 stocks that have raised their dividend payouts for at least 25 successive years.
Dow Chemical Commissioned All 26 Plants at Sadara
On August 14, the joint venture company of Dow Chemical (DOW) and Saudi Aramco, Sadara made the announcement that all 26 plants have been commissioned.
How Albemarle’s Refining Solutions Segment Performed in 2Q17
Albemarle’s (ALB) Refining Solutions is the company’s lowest revenue generator, accounting for 25.0% of its total revenues in 2Q17 compared to 26.6% in 2Q16.
Dow Chemical and DuPont Will Close the Merger Deal on August 31
All of the merger conditions have been satisfied. Dow Chemical and DuPont stock will stop trading after the close on August 31, 2017.
Air Products & Chemicals’ Stock Price Rose
Air Products & Chemicals (APD) announced its fiscal 3Q17 earnings on August 1, 2017. Its adjusted EPS from continuing operations was $1.65.
Why DOW’s Performance Plastics Segment Revenue Rose in 2Q17
Dow Chemical’s (COW) Performance Plastics segment is the company’s largest revenue generator.
How Dow Chemical’s Consumer Solutions Segment Performed in 2Q17
Dow Chemical’s (DOW) Consumer Solutions segment is the fourth largest segment in terms of revenue.
Analyzing DuPont’s Nutrition and Health Segment in 2Q17
DuPont’s (DD) Nutrition and Health segment is the company’s third-largest revenue generator. The segment accounted for 11.0% of DuPont’s revenue in 2Q17.
DuPont’s Performance Materials Segment’s Revenue Rose in 2Q17
In 2Q17, DuPont’s Performance Materials segment reported revenue of $1.38 billion—a increase of 3.40% on a YoY (year-over-year) basis.
DuPont’s Revenue Rose in 2Q17 Due to Higher Volumes
DuPont (DD) reported revenue of $7.42 billion in 2Q17—an increase of 5.10% on a year-over-year basis. In 2Q16, DuPont reported revenue of $7.06 billion.
Air Products and Chemicals Stock before Its Fiscal 3Q17 Earnings
Air Products and Chemicals (APD) plans to announce its fiscal 3Q17 earnings on August 1. In this series, we’ll analyze APD’s performance since its fiscal 2Q17 earnings release.
Axalta Acquires IVA’s European and Chinese Operations
On July 19, 2017, Axalta (AXTA) announced that it entered into an agreement with IVA to acquire its European and Chinese operations.