NEW YORK, August 1, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting LyondellBasell Industries NV (NYSE: LYB), W.R. Grace & Co. (NYSE: GRA), PPG Industries Inc. (NYSE: PPG), Eastman Chemical Co. (NYSE: EMN), and FMC Corp. (NYSE: FMC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
LyondellBasell Industries NV Research Report
On July 26, 2013, LyondellBasell Industries NV (LyondellBasell) reported its Q2 2013 financial results. The Company reported income from continuing operations of $923 million or $1.60 diluted per share in Q2 2013, compared to $768 million or $1.33 diluted per share in Q2 2012. Revenues declined 1.3% YoY to $11.1 billion and EBITDA totaled approximately $1.7 million, down 4.3% YoY, during Q2 2013. "Overall, it was a strong quarter. We achieved record quarterly earnings and advanced our plans for the future on several fronts. The back-to-basics strategy that we put in place three years ago continues to yield strong results and returns for our shareholders," said Jim Gallogly, LyondellBasell Chief Executive Officer. The Full Research Report on LyondellBasell Industries NV - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/dc7c_LYB]
W.R. Grace & Co. Research Report
On July 25, 2013, W.R. Grace & Co. (Grace) reported its Q2 2013 financial results. The Company posted total net income of $82.8 million, or $1.07 per diluted share, in Q2 2013, compared to $69.3 million, or $0.90 per diluted share, reported in Q2 2012. Sales for Q2 2013 totaled $802.8 million, a decrease of 2.9% YoY, due to lower pricing and unfavorable currency translation. Adjusted EBIT totaled $142.1 million compared to $143.6 million in Q2 2012, pressurized by lower gross profit and higher operating expenses. Fred Festa, Grace's Chairman and CEO, said, "Earnings for the quarter came in as expected; Materials Technologies and Construction Products had solid quarters, benefiting from good growth in emerging regions and strong pricing and margins. In Catalysts Technologies, the customer operational issues that impacted the first quarter were successfully resolved. However, our refinery catalyst pricing initiative has not produced the results we wanted, with negative effects to our sales and earnings outlook in the second half." For its full-year 2013 outlook, Grace expects adjusted EBITDA to be in the range of $685 million to $695 million and adjusted EBIT to be between $560 million and $570 million. The Full Research Report on W.R. Grace & Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0c09_GRA]
PPG Industries Inc. Research Report
On July 18, 2013, PPG Industries, (PPG) reported its Q2 2013 financial results. The Company posted net sales of $4.1 billion, an increase of 16.1% YoY in Q2 2013. Net income from continuing operations totaled $341 million or $2.35 per diluted share in Q2 2013, compared to $297 million or $1.92 per diluted share in Q2 2012. Charles E. Bunch, PPG chairman and Chief Executive Officer, said, "We achieved new sales and adjusted earnings records due to the continued strong performance of our coatings businesses, which in aggregate delivered 25% earnings growth in comparison to last year's record level. The record adjusted earnings results were driven by our strong operating focus, including ongoing aggressive cost management, and the earnings benefit from cash deployed on recent coatings acquisitions." The Full Research Report on PPG Industries Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/7f49_PPG]
Eastman Chemical Co. Research Report
On July 29, 2013, Eastman Chemical Company (Eastman) reported its Q2 2013 financial results. The Company's reported earnings from continuing operations were $1.69 per diluted share compared to $1.26 per diluted share in Q2 2012. Sales revenue for the quarter amounted to approximately $2.4 billion, a 31.7% YoY increase, and operating earnings totaled $428 million compared to $317 million in Q2 2012. "The great progress we've made over the past several years to improve our portfolio, including the acquisition of Solutia, shows in the continuing strength of our earnings," said Jim Rogers, Chairman and Chief Executive Officer. The Company expects its full-year 2013 EPS to range between $6.40 and $6.50, slightly lower than H1 2013 due to normal seasonality of sales volume. The Full Research Report on Eastman Chemical Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/456e_EMN]
FMC Corp. Research Report
On July 29, 2013, FMC Corp. (FMC) reported its Q2 2013 financial results. The Company posted total revenues of $959.4 million, up 6.0% YoY in Q2 2013. Net income for the quarter totaled $118.0 million or $0.86 per diluted share in Q2 2013, compared to $104.9 million or $0.76 per diluted share in Q2 2012. Pierre Brondeau, FMC President, Chief Executive Officer and Chairman, said, "We remain firmly on track to meet or exceed our Vision 2015 targets. We are executing our growth strategies across the enterprise, pursuing the right opportunities to expand our portfolio, and delivering premium shareholder return." For full-year 2013, the Company expects adjusted earnings to range between $3.72 and $3.87 per diluted share, a 13% YoY increase at midpoint range. The Full Research Report on FMC Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/a00b_FMC]
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