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News Breaks
April 14, 2014
17:01 EDTAXLLAxiall sees Q1 adjusted EBITDA $65M-$70M
Axiall Corporation announced that the damage from the December 20 fire at its PHH vinyl chloride monomer manufacturing facility at the company’s chemicals complex in Lake Charles, Louisiana, has been repaired and the facility has resumed operations. The facility is expected to reach full operating rates in May. On February 19, the company described its expectation that the first quarter would be impacted by three significant headwinds: the PHH incident, severe winter weather and a sequential increase to normal maintenance spending. “During this period of lower production and sales, we increased maintenance spending by an additional approximately $10M compared to what we described February 19 to prepare our plants to run at high operating rates for the remainder of the year,” the company said. Based on these factors, the company expects to report $65M-$70M of adjusted EBITDA for Q1.
News For AXLL From The Last 14 Days
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October 2, 2015
07:16 EDTAXLLAxiall price target lowered to $25 from $44 at SunTrust
SunTrust cut its price target on Axiall based on several factors, including weakening caustic soda prices, lack of PVC margin expansion due to price discounting, and inventory losses in Aromatics, which the company divested yesterday. The firm lowered its Q3 EBITDA estimate by $16M to $95M but keeps a Buy rating.
October 1, 2015
10:11 EDTAXLLHigh option volume stocks
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09:16 EDTAXLLAxiall Corp sells aromatics business to INEOS Americas for roughly $62.9M
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