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Employees |
4,300 |
Revenues (TTM) (Millions $) |
2,972 |
Net Income (TTM) (Millions $) |
71 |
Cash Flow (TTM) (Millions $) |
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Capital Exp. (TTM) (Millions $) |
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Hexion Inc
Hexion Inc., a New Jersey corporation with predecessors dating from 1899, is
the world’s largest producer of thermosetting resins, or thermosets, and
a leading producer of adhesive and structural resins and coatings. Thermosets
are a critical ingredient in virtually all paints, coatings, glues and other
adhesives produced for consumer or industrial uses. The type of thermoset used,
and how it is formulated, applied and cured, determines its key attributes,
such as durability, gloss, heat resistance, adhesion or strength of the final
product. Thermosetting resins include materials such as phenolic resins, epoxy
resins, polyester resins, acrylic resins and urethane resins.
Our direct parent is Hexion LLC, a holding company and wholly owned subsidiary
of Hexion Holdings LLC (“Hexion Holdings”), the ultimate parent
entity of Hexion. Hexion Holdings is controlled by investment funds managed
by affiliates of Apollo Management Holdings, L.P. (together with Apollo Global
Management, LLC and its subsidiaries, “Apollo”). Apollo may also
be referred to as the Company’s owner.
Our business is organized based on the products we offer and the markets we
serve. we had two reportable segments: Epoxy, Phenolic and Coating Resins and
Forest Products Resins.
Our products are used in thousands of applications and are sold into diverse
markets, such as forest products, architectural and industrial paints, packaging,
consumer products, composites and automotive coatings. Major industry sectors
that we serve include industrial/marine, construction, consumer/durable goods,
automotive, wind energy, aviation, electronics, architectural, civil engineering,
repair/remodeling and oil and gas field support. The diversity of our products
limits our dependence on any one market or end-use. We have a history of product
innovation and success in introducing new products to new markets, as evidenced
by more than 800 granted patents, the majority of which relate to the development
of new products and manufacturing processes.
We are a large participant in the specialty chemicals industry. Thermosetting
resins are generally considered specialty chemical products because they are
sold primarily on the basis of performance, technical support, product innovation
and customer service. However, as a result of the impact of the ongoing global
economic volatility and overcapacity in certain markets, certain of our competitors
have focused more on price to retain business and market share, which we have
followed in certain markets to maintain market share and remain a market leader.
Company Address: 180 East Broad St., Columbus, 43215 OH
Company Phone Number: 225-4000 Stock Exchange / Ticker: HXN
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HXN's Customers Net Profit Margin grew to |
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Stock Performances by Major Competitors |
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Karat Packaging Inc
As an experienced financial analyst, I have been closely following the recent financial results announced by Karat Packaging Inc. (KRT) and I must admit, the numbers are quite intriguing. Despite reporting a decline in earnings per share (EPS) in the October to December 31, 2023 quarter, the company managed to achieve an impressive 4.068% growth in revenue compared to the same period a year ago. This increase in revenue to $96.44 million from $92.67 million is indeed a positive sign for the Chemicals - Plastics and Rubber sector. What is particularly surprising is that while the rest of the Chemicals - Plastics and Rubber industry experienced a 7.77% contraction in revenue, KRT managed to buck the trend and show growth. This demonstrates the company's ability to adapt to changing market conditions and capitalize on opportunities for growth.
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Latham Group Inc
Company Pointed Out Full Year 2023 Sales Outperformed the U.S. In-Ground Pool Market in 2023 Driven by Continued Fiberglass Conversion Latham Group Inc, a prominent player in the Chemicals - Plastics and Rubber industry, recently released its financial results for the fourth quarter of 2023. The company achieved exceptional sales performance, outperforming the U.S. in-ground pool market for the year. This success was primarily driven by the continued conversion to fiberglass pools, a trend that has been gaining momentum in recent years. In the fourth quarter of 2023, Latham Group Inc reported a zero gain of $0.00 per share, a significant improvement compared to the loss of $-0.17 per share in the same period the previous year. Moreover, this figure also indicated a positive deviation from the previous reporting period, which recorded earnings of $0.05 per share.
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Core Molding Technologies Inc
Core Molding Technologies Inc, a leading engineered materials company, has recently announced the approval of a stock repurchase program as it seeks to enhance shareholder value and strengthen its financial position. The company, which primarily focuses on molded structural products in various industries, including building, industrial, truck, and powersports, is confident in its growth prospects and committed to delivering long-term value to shareholders. The stock repurchase program, approved by Core's Board of Directors, allows the company to repurchase up to $7.5 million of its issued and outstanding common stock, with each share valued at $1.00. This move reflects the company's confidence in its financial strength and future prospects.
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Purecycle Technologies Inc
Purecycle Technologies Inc (PCT) is a company that operates in the Chemicals - Plastics and Rubber sector, and it has recently announced its operating deficit for the period of October to December 31, 2023. The company reported a deficit of $-29.032 million during this period, reflecting a challenging quarter for the business. However, despite the operating deficit, Purecycle Technologies Inc is actively seeking distinct corporate policies to secure its product line. This proactive approach by the management indicates their commitment to turning around the current financial situation and achieving profitability. The company recognizes the need for strategic measures to improve its financial position.
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Rogers Corp
Softness in revenue and earnings, as well as a decline in net profits, have painted a bearish picture for Rogers Corporation (NYSE: ROG) in the fourth quarter of 2023. The company saw its earnings tumble by -64.77% to $1.25 per share, compared to $3.55 per share in the previous year's reporting period. This decline in earnings was primarily driven by an -8.238% decrease in revenue, which dropped to $205.28 million from $228.36 million in the preceding reporting period. Net profits also took a hit, falling by -65.52% to $23.206 million in the fourth quarter of 2023, compared to $67.308 million in the corresponding period a year before. These bleak numbers were reflected in the shrinking operating margin, which mitigated to 14.88%, and the net margin, which shrank to 11.3% for the same period.
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