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Stock Market & Financial Investment News

News Breaks
March 20, 2014
07:26 EDTZEP, ECL, RPM, CHMT, AVY, FOE, KMG, MTX, OMN, SHLM, POLGabelli to hold a conference
5th Annual Specialty Chemicals Conference is being held in New York on March 20.
News For ZEP;SHLM;OMN;MTX;KMG;FOE;AVY;CHMT;RPM;ECL;POL From The Last 14 Days
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October 15, 2014
10:08 EDTOMNOmnova Solutions management to meet with Sidoti
Meeting to be held in New York on October 16 hosted by Sidoti.
October 14, 2014
16:58 EDTKMGKMG Chemicals files to delay 10-K
The company said, "The principal reason that we cannot file our annual report on Form 10-K within the prescribed period without unreasonable effort is that we have not yet completed managementís assessment of the effectiveness of our internal controls over financial reporting. The process was more time-consuming than anticipated, because of a reliance on many manual processes and the significant effort to document and test internal controls across the subsidiaries in Europe and Asia that were part of our ultra pure chemicals acquisition in May 2013. We expect that we will be able to complete the work necessary to file our Form10-K for the fiscal year ended July 31, 2013 within the fifteen day extension period provided by Rule 12b-25."
07:33 EDTKMGKMG Chemicals sees FY15 consolidated net sales flat vs. FY14
One est. $357.5M. Sees moderate growth in the Electronic Chemicals segment likely offset by potential weakness in the Wood Treating Chemicals segment. Excluding restructuring and realignment charges, fiscal 2015 adjusted EBITDA is forecast to be $32-35 million. Fiscal 2015 depreciation and amortization expense is forecast at approximately $16 million. Fiscal 2015 capital expenditures are forecast at $14-16 million, including expenses related to our ERP system implementation and UPC integration.
07:32 EDTKMGKMG Chemicals sees incurring $3.2M-$5M in realignment charges in FY15
The company estimates incurring $3.2-$5.0 million in realignment charges in fiscal 2015, including $1.5-$3.0 million for decommissioning of equipment and $1.7-$2.0 million in non-cash charges for accelerated depreciation. Starting in fiscal 2016, the Company projects annual savings of $1.0-$3.0 million from the HF manufacturing realignment.
07:32 EDTKMGKMG Chemicals reports Q4 adjusted EPS 27c vs. 28c last year
Reports Q4 revenue $91.2M vs. $81.09M last year.
07:15 EDTZEPZep Inc. initiated with a Buy at Wunderlich
Target $21.
05:44 EDTSHLMA. Schulman, INITZ form strategic alliance
A. Schulman announced that it has signed an agreement and a strategic partnership with the South Korean polymer producer INITZ for the compounding and marketing of INITZ Co., Ltd.'s ECOTRAN Polyphenylene Sulfide, or PPS, compounds. A. Schulman will be producing, selling and distributing the ECOTRAN compounds in Europe, the Middle East, Africa and the Americas. INITZ is a joint venture of SK Chemicals, Korea and Teijin, Japan. Through this strategic partnership, INITZ and A Schulman are committed to becoming a global leader in PPS with the ECOTRAN brand, serving customers' needs across a diverse range of markets.
October 13, 2014
16:31 EDTKMGKMG Chemicals announces realignment of hydrofluoric acid operations
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07:16 EDTPOLPolyOne added to Priority Stock List at Wells Fargo
Wells Fargo added PolyOne to its Priority Stock List saying the recent pullback in shares is overdone. The firm see san attractive entry point at levels and keeps an Outperform rating on the name.
October 9, 2014
14:47 EDTRPMRPM increases quarterly dividend 8.3%
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October 8, 2014
16:32 EDTPOLPolyOne raises quarterly ividend 25% to 10c
PolyOne has declared a quarterly cash dividend of 10c per share on the common stock outstanding, representing a 25% increase, to be paid on January 7, 2015, to stockholders of record on December 15, 2014. "
10:32 EDTRPMRPM seeing improvement in construction markets, expects to continue through 2015
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10:25 EDTRPMRPM says Q1 results was 'on track' with its earnings plan
RPM said it expected a flat performance in Q1 after experiencing "extraordinary performance' due to results in Synta and Kirker subsidiaries. The company did not expect the performance to continue this year. The comparisons will continue to be negative in Q2 and be fairly flat for 2H15. The company also said there was $5.6M in unplanned costs due to the SEC investigation, the proposed SPHC settlement, and a voluntary self-disclosure agreement with the state of Delaware for unclaimed property. RPM expects costs for these three categories to continue in Q2 and Q3. When accounting for these facts, RPM says it is right on track with its earnings plan and says its consumer segment is continuing to perform well with mid-EBIT growth. The company also said more normal winter weather should help Q3. RPM expressed concern about the weak Euro, and says its outlook for the European economy remains mixed. Comments taken from Q1 earnings conference call.
09:20 EDTRPMOn The Fly: Pre-market Movers
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07:59 EDTRPMRPM comments on SPHC plan of reorganization
On September 26, 2014, SPHC filed its plan of reorganization in Delaware Bankruptcy Court. The plan memorializes the settlement in principle reached with representatives of current and future asbestos claimants. As previously reported, a trust will be established to resolve all current and future Bondex asbestos claims, an injunction will be issued by the court that will permanently protect SPHC, RPM International Inc., their affiliates, and other parties from current and future asbestos claims, and SPHC will emerge from bankruptcy and will be reconsolidated with RPM. RPM currently anticipates that the plan's effective date and the reconsolidation of SPHC's financial results will occur in RPM's fiscal 2015 third quarter, but the actual timeline could change based on a variety of factors beyond the control of SPHC and RPM. The impact of the completion of this transaction on RPM's 2015 fiscal year will be dependent on specific timing and related transaction costs. On an annualized basis, SPHC has revenues of approximately $400M. CEO Frank Sullivan said, "We look forward to plan confirmation for SPHC and its emergence from bankruptcy. While the amounts required to fund a 524g trust are substantial from a financial perspective, this transaction will be good for RPM shareholders, both in terms of our ongoing operations and as a process which will bring finality to the Bondex asbestos liability."
07:57 EDTRPMRPM sees FY16 EPS $2.70-$2.90, consensus $2.74
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07:34 EDTRPMRPM backs FY15 EPS $2.38-$2.42, consensus $2.42
Backs FY14 consolidated sales up 6%-8%, consensus $4.65B; Backs FY15 industrial sales up 6%-8%; Backs FY15 consumer sales up 5%-7%.
07:33 EDTRPMRPM expects FY15 quarterly results to follow different pattern from FY14
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07:31 EDTRPMRPM reports Q1 EPS 73c, consensus 79c
Reports Q1 revenue $1.20B, consensus $1.23B
October 7, 2014
15:16 EDTRPMNotable companies reporting before tomorrow's open
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