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Stock Market & Financial Investment News

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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March 2, 2015
08:50 EDTAXLLAxiall announces departure of Chief Strategy Officer George Biltz
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February 26, 2015
09:22 EDTAXLLAxiall sells Specialty Phosgene Derivatives business assets to Altivia
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09:17 EDTAXLLAxiall signs agreement to sell La Porte facility to Altivia
Axiall signed a definitive agreement to sell its La Porte, Texas, chemical manufacturing facility to ALTIVIA Chemicals. Financial terms of the agreement, which is subject to customary closing processes, were not announced. The transaction is expected to close within 45 days. The Axiall facility at La Porte manufactures phosgene and its derivatives, which are used in the polymer, pharmaceutical and agricultural chemicals industries. ALTIVIA Specialty Chemicals, is a manufacturer and distributor of chemicals used primarily for municipal and industrial water treatment, oil field drilling and production operations, and pulp and paper production.
February 25, 2015
10:01 EDTAXLLOn The Fly: Analyst Upgrade Summary
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06:39 EDTAXLLAxiall upgraded to Sector Perform from Underperform at RBC Capital
February 20, 2015
10:19 EDTAXLLAxiall price target raised to $55 from $48 at Goldman
Goldman raised Axiall's price target to $55 following the Q4 report and the disclosure it has filed a PLR with the IRS to create the first chlor-alkali MLP. The firm believes the MLP could unlock up to $10 per share in value and reiterates its Buy rating.
February 19, 2015
10:32 EDTAXLLHigh option volume stocks:
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10:26 EDTAXLLAxiall rises as MLP potential discussed during earnings call
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10:17 EDTAXLLAxiall jumps 6% to $49.43 during earnings conference call
February 18, 2015
19:23 EDTAXLLAxiall reports Q4 adjusted EPS 19c, consensus 16c
Reports Q4 revenue $1.07B, consensus $1.14B.

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