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PPG Launches Powercron 160 Electrocoat in North America
On March 12, PPG Industries (PPG) announced the launch of its Powercron 160 electrocoat in North America.
PPG Industries: Investment and Stock Price Update
Due to continued weakness in the market, PPG Industries stock fell 3.0% and closed at $100.14 for the week ending December 14.
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.
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.
PPG Has a New Vice President and Chief Digital Officer
In a press release on April 8, PPG Industries announced that it has appointed Devashish Saxena as its new vice president and chief digital officer.
A. Schulman Announced a Convertible Special Stock Dividend
In a press on April 3, A. Schulman declared a quarterly dividend of $15.00 per share for the holders of its convertible special stock.
PPG: Higher Prices for Automotive Refinish Products in China
In a press release on April 3, PPG Industries (PPG) said that it has increased the prices of its automotive refinish products in China.
J.P. Morgan Downgraded PPG Industries, Stock Fell 5.3%
On March 22, J.P. Morgan (JPM) downgraded PPG Industries’ (PPG) rating to “underweight” from “neutral.”
PPG Industries: Paint Partnership with the Oakland Raiders
On February 25, PPG Industries (PPG) announced that it signed a multiyear corporate marketing agreement with the Oakland Raiders.
LyondellBasell Declared Its First-Quarter Dividend
In a press release on February 22, LyondellBasell (LYB) announced its first-quarter dividend.
PPG Industries Announced $10 Million Investment in Greenville
On February 19, PPG Industries (PPG) announced it will be investing $10 million to construct a new facility in Greenville, South Carolina.
LyondellBasell Bagged a New Order in India
In a press release on February 13, LyondellBasell (LYB) announced that it bagged a new client order in India.
Why PPG’s Industrial Coatings’ Q4 Revenue Fell
PPG Industries’ (PPG) Industrial Coatings segment is the company’s second reporting segment.
IFF’s Frutarom Completes Acquisition of 60% in Thailand’s Mighty
On January 18, International Flavors and Fragrances (IFF) announced that Frutarom acquired 60% of Mighty.
PPG Industries Announced Its First-Quarter Dividend
On January 17, PPG Industries (PPG) announced the dividend for the first quarter of 2019. The board declared a dividend of $0.48 per share.
LyondellBasell Takes a Leadership Role to End Plastic Waste
On January 16, LyondellBasell announced that along with Proctor & Gamble and Veolia, it will lead the global Alliance to End Plastic Waste.
PPG Industries: Analysts’ Views before Its Q4 Earnings
For PPG Industries, 42% of the analysts recommended a “buy,” while 58% recommended a “hold.” None of the analysts recommended a “sell.”
PPG Industries Launched a New Polyurethane Primer
On January 9, PPG Industries (PPG) announced the introduction of SPECTRACRON 385 POLY-IOTHANE—a solid primer.
IFF Collaborates with Aryballe on Digital Nose
On January 7, International Flavors and Fragrances (IFF) announced that it has entered into a collaboration with Aryballe.
PPG Industries Acquires Hemmelrath
On January 7, PPG Industries announced that it signed a definitive agreement to acquire Hemmelrath—an automotive coating manufacturer.
A. Schulman Announces Dividend for the Convertible Special Stock
On January 4, A. Schulman, a subsidiary of LyondellBasell (LYB), announced a quarterly dividend for its convertible special stock.
Air Products and Chemicals: Analysts’ Recommendations
Currently, 21 analysts are actively tracking Air Products and Chemicals—86% gave a “buy” recommendation and 14% gave a “hold” recommendation.
Looking at IFF’s Free Cash Flow Trend
In this article, we’ll discuss IFF’s free cash flow trend to see whether its free cash flow can sustain its robust dividend growth plans.
Update: PPG Industries’ Executive Moves
Despite positive news from PPG Industries, the stock price declined 3.8% and closed at $96.32 for the week ending December 21.
IFF-Lucas Meyer Cosmetics Acquires Sustainable Ingredients
IFF-Lucas Meyer Cosmetics acquired three personal care ingredients and intellectual property rights from Kemin Industries.
PPG Completes the SEM Products Acquisition
On December 3, PPG Industries (PPG) announced that it completed the acquisition of SEM Products.
Eastman Chemical’s Debt-to-Equity Ratio Will Increase
At the end of the third quarter, Eastman Chemical’s total debt was $6.62 billion. The company’s debt increased after declining for three years.
PPG Industries Received Awards Last Week
On November 20, PPG Industries (PPG) announced that it received Uni-Select’s 2018 Diamond Award.
PPG Industries Announced a Partnership with Powercast
On November 12, PPG Industries (PPG) announced that it has entered into an agreement with Powercast.
APD’s Industrial Gases–Americas Segment’s Margins Fell
Air Products and Chemicals’ (APD) Industrial Gases–Americas segment was the company’s largest revenue contributor in the fourth quarter.
DowDuPont’s Specialty Products Segment EBITDA Rose in Q3
DowDuPont’s (DWDP) Specialty Products segment accounted for 28.2% of DWDP’s total revenues, a decrease of 0.6 percentage points on a year-over-year basis.
IFF’s Q3 Adjusted Earnings Met Analysts’ Expectations
On November 5, International Flavors and Fragrances (IFF) reported its third-quarter earnings after the market closed.
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.
IFF Is Set to Post Record Q3 Revenues despite Lower Growth
International Flavors and Fragrances (IFF) is expected to report revenues of $895.83 million in its third-quarter earnings.
LyondellBasell’s Q3 Top and Bottom Line Beat the Estimates
On October 30, LyondellBasell (LYB) reported its third-quarter revenues of $10.15 billion, which reflect an increase of 19.25% YoY.
Home Depot Names PPG as Its Paint Supplier Partner of the Year
On October 22, a PPG Industries press release said that PPG had been awarded Home Depot’s Supplier Partner of the Year award in the paint category.
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.
LyondellBasell Introduces New Purell Copolymer
In a press release on October 11, LyondellBasell discussed the launch of a new copolymer—Purell EP374M.
Sherwin-Williams’s Free Cash Flow Could Reduce the Debt
Sherwin-Williams has been generating strong free cash flows. Since 2012, Sherwin-Williams has generated an average free cash flow of ~$835 million per year.
LyondellBasell and Covestro to Start New Project in Maasvlakte
On September 4, LyondellBasell (LYB) and joint venture partner Covestro announced they had initiated a new project at their site in Maasvlakte-Rotterdam in the Netherlands.
PPG to Build New Research and Development Center in China
On August 29, PPG Industries (PPG) announced plans to build a new paint and coatings research and development center in Tianjin, China.
PPG’s Dulux Paints Selects the 2019 Colors of the Year
PPG Industries stock declined and closed at $108.42 for the week ending August 17. PPG Industries stock has been struggling in 2018.
Airbus Qualifies PPG’s Desothane HD 9008 Mica Basecoat-Clearcoat
On July 11, PPG Industries (PPG) announced that its portfolio with Airbus has been extended.
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.
PPG Industries Gets Clearance from Pilatus Aircraft
On May 24, PPG Industries’ aerospace segment received clearance for exterior paint systems from Pilatus Aircraft for all of its production aircraft.
IFF Beat Earnings Estimates, but Stock Fell on Acquisition Deal
International Flavors and Fragrances (IFF) announced its 1Q18 earnings during market hours on May 7.
A Look at LYB’s Olefins and Polyolefins EAI Segment’s Performance
LyondellBasell’s Olefins and Polyolefins Europe, Asia, and International segment accounted for 36.5% of LYB’s total revenue in 1Q18.
How LyondellBasell Stock Has Performed since 4Q17 Earnings
LyondellBasell is set to announce its 1Q18 earnings on April 27.
Why PPG’s Performance Coatings Net Income Margin Contracted
Among the two reporting segments for PPG Industries (PPG), PPG’s Performance Coatings segment contributed the larger share of the company’s overall revenue in 1Q18.
Why LyondellBasell Has Underperformed in 2018
So far in 2018, LyondellBasell (LYB) has underperformed some of its peers and also the broader market.
PPG Industries: Higher Prices for Automotive OEM Coatings
PPG Industries announced that it will increase the prices of some of its coatings products that are supplied to automotive OEM customers.
Lowe’s Discontinues PPG’s OLYMPIC Brand Paints and Stains
On February 27, 2018, Lowe’s (LOW) announced that it won’t continue to sell PPG Industries’ (PPG) OLYMPIC brand paints and stains in its stores.
Albemarle’s 4Q17 Revenue Grew on All-Around Performance
Albemarle (ALB) reported revenues of $857.8 million in 4Q17, an increase of 23.1% on a year-over-year basis.
PPG Industries’ Aerospace Coating Upgraded to SAE Standard
PPG Industries (PPG) announced that its PPG CA7088 fuel tank coating was upgraded to meet the SAE International’s aerospace specifications.
International Flavors and Fragrances Posts Highest Q4 Revenue
International Flavors and Fragrances (IFF) reported revenue of $854.6 million in 4Q17, a rise of ~12.1% on a YoY (year-over-year) basis.
PPG Industries to Exhibit Its Portfolio at LBM Expo
The global sell-off in the week ended February 9 impacted PPG Industries (PPG). PPG stock fell 2.8% and closed at $112.37 for the week.
PPG’s Performance Coatings Revenue and Margin Improve in 4Q17
Among the two reporting segments of PPG Industries (PPG), PPG’s Performance Coatings segment contributed the larger share of the company’s overall revenue in 4Q17.
PPG Industries: Analysts’ Views and Recommendations
For PPG Industries, 58% of the analysts recommended a “buy,” 48% of the analysts recommended a “hold,” and no analysts recommended a “sell.”
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%.
PPG Industries to Acquire ProCoatings
On January 2, 2018, PPG Industries (PPG) announced that it had entered a definitive agreement to acquire ProCoatings, a Netherlands-based wholesaler that specializes in architectural paint and coatings.
Analysts Are Raising the Target Price of Albemarle Stock
Of the 21 analysts tracking Albemarle (ALB) stock at the end of 2017, 32% recommended the stock as a “buy,” and 68% recommended a “hold.”
International Flavors & Fragrances: Is Rising Debt Good or Bad?
International Flavors & Fragrances’ (IFF) debt has reflected an upward trend in the past five years. At the end of 3Q17, it was reported at $1.6 billion.
Albemarle’s 3Q17 Revenue Rises on Lithium Segment Growth
Albemarle (ALB) reported revenues of $754.9 million in 3Q17, a rise of 15.4% on a year-over-year basis. In 3Q16, its revenues were $654 million.
How IFF Stock Reacted to Better-than-Expected 3Q17 Earnings
International Flavors and Fragrances (IFF) announced its 3Q17 earnings on November 7 during market hours.
LyondellBasell Gets ‘Hold’ Rating from Majority of Analysts
About 35.0% of analysts have recommended a “buy” for LyondellBasell (LYB) stock, and 61.0% have recommended a “hold.”
LyondellBasell Issued $1 Billion of Guaranteed Notes
LyondellBasell’s debt has risen from $4.0 billion in 2011 to $9.0 billion at the end of 2016.
Eastman Increases Prices of Copolyesters
On March 2, 2017, Eastman Chemical (EMN) announced an increase in the prices of copolyesters.
Air Products to Supply Additional Hydrogen for Marathon Petroleum
For the week ended March 3, 2017, Air Products and Chemicals closed at $139.52, losing 1.0% for the week.
Is PPG Industries’ Dividend Yield Better Than Its Peers?
On March 1, 2017, PPG stock closed at $103.29. With a 1Q17 quarterly dividend of $0.40 per share, its current dividend yield is ~1.6%.
LyondellBasell Prices $1 Billion in Public Offering Guaranteed Notes
For the week ended February 24, 2017, LYB closed at $92.43 and lost 0.5% for the week.
A Look at Albemarle’s Dividend Yield Curve since 2011
With ALB’s dividend for fiscal 2017 expected to be $1.28, its current dividend yield stands at ~1.4%.
Air Products and Chemicals to Showcase New Mobile Nitrogen Pumpers
For the week ended February 24, 2017, Air Products and Chemicals closed at $140.86 and lost 0.5% for the week.
Why Is Sherwin-Williams’ Dividend Yield Falling?
The fall in Sherwin-Williams’ dividend yield is primarily due to an increase in its share price. Sherwin-Williams’ share price outpaced its dividend growth.
Eastman Chemical Raises Prices on AQ Polymers
On February 14 and 15, 2017, Eastman Chemical (EMN) announced a price increase for acetic acid by $0.03 per lab in North America and Latin America.
Air Products & Chemicals Hikes Prices of Industrial Gas Products
On February 15, 2017, Air Products & Chemicals (APD) announced price hikes for its liquid and bulk industrial gas products in the North America.
Eastman Chemical Increases Prices on Some of Its Products
Last week, Eastman Chemical (EMN) announced price hikes for several of its products including amines, plasticizers, polymer raw materials, acids, and alcohols.
Albemarle to Buy Back a Part of Outstanding Debt via Tender Offer
On January 4, 2017, Albemarle (ALB) announced that it had issued a tender offer to repurchase debt worth $500 million.
Analyzing PPG Industries’ 2016 Dividend
PPG Industries (PPG) paid a 4Q16 dividend of $0.40 per share on December 12, 2016. Its dividend totaled $1.56 per share for 2016.
Why FMC Is Trading at a Discount to Albemarle
As of December 28, 2016, FMC (FMC) is trading at a one-year forward PE multiple of 17.2x as compared to its peer Albemarle (ALB).
Why Most Analysts Recommend a ‘Hold’ for FMC
As of December 28, 2016, 19 brokerage firms are actively tracking FMC (FMC) stock.
FMC Declares 4Q16 Dividend
On December 15, 2016, FMC (FMC) announced a dividend of $0.17 per share for 4Q16.
FMC Stock Has Been Skyrocketing since November
FMC (FMC) stock has been skyrocketing since November 1, 2016. So far, FMC has outperformed the broader market (SPY) and its peer Albemarle (ALB).
How IFF’s Valuations Were Affected after Its 3Q16 Results
On December 26, 2016, International Flavors and Fragrances (IFF) was trading at a one-year forward PE multiple of 20.10x.
Why Most Analysts Recommend ‘Holds’ on IFF’s Stock
As of December 26, 2016, 13 brokerage firms are actively tracking International Flavors and Fragrances’ stock. About 42% of analysts have recommended “buys” on the stock.
Analyzing International Flavors and Fragrances’ 4Q16 Dividend
On December 14, 2016, International Flavors and Fragrances (IFF) announced a dividend of $0.64 per share for 4Q16.
Why Is Eastman Chemical Trading at a Lower Valuation than Peers?
Forward price-to-earnings (forward PE) is a relative valuation method that considers a company’s future earnings.
Word on the Street: What Analysts Recommend for Eastman Chemical
As of December 22, 2016, 18 brokerage firms are actively tracking Eastman Chemical (EMN) stock.
Albemarle Finishes Selling Chemetall to BASF
On December 14, 2016, Albemarle (ALB) announced the completion of the sale of its Chemetall surface treatment business to BASF.
How’s Albemarle’s Valuation Compared to Its Peers?
As of December 14, 2016, Albemarle (ALB) was trading at a one-year forward PE multiple of 22.7x compared to W.R. Grace (GRA) at 20.0x.
What Analysts Are Recommending for Albemarle
As of December 14, 2016, about 50.0% of the analysts tracking Albemarle stock have recommended a “buy” for the stock. The other 50.0% have recommended a “hold.”
Is Albemarle’s Dividend Yield Better Than Its Peers?
In the first nine months of 2016, Albemarle has paid a dividend of $101.1 million, which represents a dividend payout ratio of approximately 25.9%.
Why Valuations for Sherwin-Williams Are Higher Than Its Peers
As of December 2, 2016, Sherwin-Williams’s one-year forward EV-to-EBITDA stood at 11.9x, while PPG’s was 10.4x.
Albemarle Hikes Prices of Select Brominated Products
In this series, we’ll discuss the latest business updates and announcements made by chemical companies during the week ended December 2, 2016.
Why Are Analysts Expecting Praxair’s Margins to Fall in 3Q16?
Wall Street analysts expect Praxair to post a net profit margin of 15% in 3Q16. Since 1Q14, its net profit margin remained in the range of 14.8%–18.8%.
Could Sherwin-Williams Continue to Trade at a Premium?
Sherwin-Williams’s valuation The forward PE (price-to-earnings) multiple indicates how much investors would be paying per dollar of expected earnings in the next 12 months. Using PE multiples, investors can compare two or more companies in the same industry and decide whether stocks are overvalued or undervalued. As of October 12, 2016, Sherwin-Williams was trading at a one-year […]
A Look at Analysts’ Views on Sherwin-Williams
Analysts’ recommendations As of October 12, 2016, 16 brokerage firms were tracking Sherwin-Williams’ (SHW) stock. All of the brokerage firms have revisited their recommendations after the announcement of the company’s 2Q16 earnings on July 21, 2016. 56% of these analysts have rated the stock as a “buy” and 44% rated the stock as a “hold.” […]
