Chemicals - Major Diversified
(FMC) FMC Corporation Beats Consensus Estimates
FMC Corp. (FMC) reported results for the fourth quarter and full fiscal 2009. FMC’s quarterly income stood at $68.9 million or 94 cents per share, from $75.4 million or $1.02 in the prior-year quarter. However, this was above the Zacks Consensus Estimate of 90 cents per share....
5Feb2010 | vitalstocks | 0 comments | Continued(DOW) Dow Chemical Company Posts Encouraging Results
The Dow Chemical Company (DOW) reported encouraging results for the fourth quarter and full year 2009. During the fourth quarter EPS was 18 cents, compared to a loss of 63 cents in the same quarter in the previous year. It was above the Zacks Consensus Estimate of 10 cents. Full-year...
2Feb2010 | vitalstocks | 0 comments | Continued(SHW) Sherwin-Williams Beats Consensus Earnings Estimates
Sherwin-Williams (SHW) has posted a profit of 69 cents per share (before special items) for the fourth quarter of 2009 compared to 60 cents per share (before special items) in the same quarter a year ago. The profit was higher than the Zacks Consensus Estimate of 53 cents per...
26Jan2010 | vitalstocks | 0 comments | Continued(DD) DuPont EI De Nemours & Co Swings to Profit
Chemical giant DuPont EI De Nemours & Co. (DD) reported fourth quarter 2009 earnings of 48 cents as opposed to a fourth quarter loss of 70 cents a year ago. Excluding non-recurring charges, DuPont earned 44 cents, beating the Zacks Consensus Estimate of 41 cents. Earnings...
26Jan2010 | vitalstocks | 0 comments | Continued(SHW) Existing Homes Sales Plunge
The National Association of Realtors reported this morning that in December Existing Homes Sales plunged 16.7% from November, to an annual rate of 5.45 million. That rate was, however, 15.0% below the extremely depressed 4.74 million rate in December 2008. While inventories also...
25Jan2010 | vitalstocks | 0 comments | Continued(APD) Air Products and Chemicals’ Profits Improve
Atmospheric and industrial gas producer Air Products and Chemicals (APD) announced operating results for the first quarter of fiscal 2010. Earnings for the quarter were $1.16 per share, slightly higher than both the Zacks Consensus Estimate and the market estimate of $1.14, helped...
23Jan2010 | vitalstocks | 0 comments | Continued(DD) A Very Busy Week Ahead – Earnings Preview
Earnings Preview 1/22/10 Next week is the heart of the 4Q09 earnings season. There will be a total of 503 firms reporting including 136 members of the S&P 500, and fully one third of the Dow 30. These will include such bellwethers as DuPont (DD), Johnson & Johnson (JNJ),...
23Jan2010 | vitalstocks | 0 comments | Continued(DD) EI DuPont de Nemours & Company Receives Grant
EI DuPont de Nemours & Company’s (DD) Circleville plant in Ohio received $50.73 million in tax credits for a new production line under the American Recovery and Reinvestment Act. The $50.73 million in tax credits will be used to expand production of high-performance polyvinyl...
11Jan2010 | vitalstocks | 0 comments | Continued(SHW) Pending Home Sales Tumble According to National Association of Realtors
The National Association of Realtors (NAR) reported that Pending Home Sales plunged 16.0% in November from October, but are 15.5% above year-ago levels. Used home sales are recorded at closing — not when the deal is reached — which often results in a delay of as much...
5Jan2010 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Company – Strong ROE of 22.46%
Eastman Chemical Company (EMN) expects to see 20% earnings growth as the recovery takes hold. EMN is trading with a forward P/E of 14.03. Company Description Eastman Chemical manufactures chemicals, fibers and plastics materials from 11 manufacturing facilities around the world. The...
5Jan2010 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Company Discontinues Project
Eastman Chemical Company (EMN) announced yesterday that it has halted operations at the industrial gasification project in Beaumont, Texas, on high operational costs and other factors. In addition to high costs, Eastman attributed the move to a smaller spread between natural...
10Dec2009 | vitalstocks | 0 comments | Continued(DD) EI DuPont de Nemours & Company Delays Product Launch
EI DuPont de Nemours & Company (DD) has delayed the release of its corn hybrids and soybean varieties products at its Pioneer Hi-Bred seed business. The world’s second largest chemical company (in terms of market capitalization and fourth in terms of revenues) stated...
7Dec2009 | vitalstocks | 0 comments | Continued(DOW) Dow Chemical Company Expands AgroSciences
Dow Chemical Company (DOW) has further expanded its AgroSciences business in Canada by acquiring Hyland Seeds, a division of Thompsons Limited of Blenheim, Ontario. Hyland is recognized internationally for building industry-leading corn hybrids, soybeans, edible beans and cereal...
1Dec2009 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Company Boosts Guidance
Eastman Chemical Co. (EMN) has raised its full year 2009 earnings guidance to $3.50 per share from the initial guidance of $2 to $3 per share, driven by an expected strong growth in its core business. The company is hoping to deliver about 20% or over $6 per share growth in annual...
18Nov2009 | vitalstocks | 0 comments | Continued($DOW) Dow Chemical Gearing Up to Divest
Dow Chemical Company (DOW) is planning to sell more non-core assets in 2010 to pay off debt from its $16.5 billion acquisition of rival Rohm and Haas in April of this year. It is planning further debt reductions of about $12 billion. Dow stated that it plans to lighten its debt...
16Nov2009 | vitalstocks | 0 comments | Continued(DOW) Dow Chemical Company Divests Business
Diversified chemical company Dow Chemical Company (DOW) has signed an agreement to sell its non-core Powder Coatings Business to Akzo Nobel N.V. (AKZOY), a leading producer of paints and coatings, based in Amsterdam, The Netherlands. Financial terms of the transaction were not...
14Nov2009 | vitalstocks | 0 comments | Continued(ASH) Investing in the Biotech Sector: Here’s An Easy Way to Profit from Biotech Stocks
by Marc Lichtenfeld, Healthcare Expert Wednesday, November 11, 2009: Issue #1135 Investing in the biotech sector can be risky – no doubt about that. But you know what? There are a lot of ways to make money from biotech stocks, too. If you know what to look for, that is. Two...
11Nov2009 | InvestmentU | 0 comments | Continued($DD) Ei Dupont De Nemours Reaffirms Earnings Outlook
Ei Dupont De Nemours Co.(DuPont) (DD) recently announced that it expects to generate about 10% growth in the top-line during 2009-2012. The chemical giant also plans to capture $1 billion in fixed cost productivity and $1 billion in working capital productivity gains during the...
9Nov2009 | vitalstocks | 0 comments | Continued(APD) Air Products and Chemicals Inc Focuses on China
Atmospheric and Specialty gases company, Air Products and Chemicals Inc. (APD) recently opened its new specialty amines plant in Nanjing, China. The facility complements its existing local capabilities to support customers in the growing polyurethane additives and epoxy markets. The...
9Nov2009 | vitalstocks | 0 comments | Continued(CE) Celanese Soundly Beats the Consensus Estimates
Celanese Corporation (CE), a leading global chemical company, reported net earnings of 58 cents per share in the third quarter of 2009, beating the Zacks Consensus Estimate of 42 cents. Results, however, were lower than last year’s 78 cents. Weak pricing and lower volumes,...
4Nov2009 | vitalstocks | 0 comments | Continued(DOW) Dow Chemical Company – Bull of the Day
We have upgraded Dow Chemical Company (DOW) from Neutral to Outperform. Earnings of 24 cents in the third quarter of 2009 (significantly better than the Zacks Consensus Estimate of 9 cents, and the 5 cents reported in the previous quarter) were driven by cost reduction and asset...
2Nov2009 | vitalstocks | 0 comments | Continued(FMC) FMC Corporation’s Earnings Match Estimates
One of the world’s leading diversified chemical companies, FMC Corporation (FMC) serving agricultural, industrial and consumer markets reported earnings of 89 cents in the third quarter of 2009. Results were in line with the Zacks Consensus Estimate of 89 cents, though...
1Nov2009 | vitalstocks | 0 comments | Continued(EMN) Eastman Chemical Company’s Profits Improve
Net earnings of $1.38 per share of Eastman Chemical Company (EMN) in the third quarter of 2009 bettered the Zacks Consensus Estimate of $1.13 per share. Year over year, earnings inched up 2% on lower costs. However, lower selling prices and volumes across all major segments drove...
27Oct2009 | vitalstocks | 0 comments | Continued(DOW) Dow Chemical Company Gears Up in Third Quarter
Chemical giant Dow Chemical Company (DOW) earned 24 cents per share in the third quarter 2009, significantly better than the Zacks Consensus Estimate of 9 cents and 5 cents reported in the previous quarter, driven by cost reduction and asset sales. However, year over year, earnings...
26Oct2009 | vitalstocks | 0 comments | Continued(APD) Air Products Chemicals Inc Delivers Disappointing 2009 Results
Air Products Chemicals Inc. (APD) has reported results for the fourth quarter of 2009. Net earnings slipped 9.5% year over year to $1.14 per share in the last quarter of fiscal 2009. Reported earnings were, however, slightly higher than the Zacks Consensus Estimate of $1.12....
22Oct2009 | vitalstocks | 0 comments | Continued(SHW) Sherwin Williams Cost Cuts Help Company Exceed Earnings Estimates
Net earnings of $1.51 per share for paint and coating maker Sherwin Williams Company (SHW) in the third quarter of 2009 exceeded the Zacks Consensus Estimate of $1.35 per share and improved marginally from the $1.50 reported in the same period of the previous year. Cost reduction...
20Oct2009 | vitalstocks | 0 comments | Continued(DD) EI DuPont de Nemours & Company Beats Expectations
Chemical giant EI DuPont de Nemours & Company (DD) reported third quarter 2009 earnings of 45 cents, beating the Zacks Consensus Estimate of 33 cents, helped by significant cost cuts and lower raw material, energy and freight expenses. Cost cuts have boosted Du Pont’s third-quarter...
20Oct2009 | vitalstocks | 0 comments | Continued(APD) Air Products and Chemicals Forays into China
Industrial gases and specialty chemical company, Air Products and Chemicals Inc. (APD) has forayed into the Chinese liquefied natural gas market [LNG] by signing an agreement with Technip to supply Air Products’ LNG process technology and equipment for an LNG project in Yinchuan,...
16Oct2009 | vitalstocks | 0 comments | Continued(DOW) Dow Chemical Sells Morton Salt and Pays Down Debt
Dow Chemical Company (DOW) has recently paid off its entire outstanding balance of $1 billion for a bridge loan raised to fund its Rohm & Haas acquisition this year. The company used a large portion of the proceeds from its sale of Morton Salt — the salt business of...
6Oct2009 | vitalstocks | 0 comments | Continued(DOW) Dow Chemicals Dropping Basic Chemicals
Dow Chemical Co. (DOW) recently agreed to sell its hollow sphere plastic pigment product line to Fairlawn, Ohio-based specialty chemicals maker Omnova Solutions Inc. Hollow plastic pigments are used by the paper and paperboard industry. Dow also plans to close two production...
11Sep2009 | vitalstocks | 0 comments | Continued