Chemical

Arcosa, Inc. Announces Second Quarter 2023 Results

Retrieved on: 
Thursday, August 3, 2023
Construction & Property, Other Manufacturing, Building Systems, Other Transport, Engineering, Other Construction & Property, Transport, Manufacturing, Maintenance, Capital expenditure, Construction Products Association, Table, AMP, Debt, Segment, GAAP, ID, Wind, Public expenditure, Inflation, EBITDA, Acquisition, Barge, Capital, Webcast, Growth, Inflation Reduction Act of 2022, Adjustment, Bank, Drug, Fine chemical, Renewable energy, Retail, Iron ore, Chemical, Bookkeeping, Video game

“I am pleased with Arcosa's second quarter performance, with Adjusted EBITDA surpassing last year's record results, normalizing for the divestiture of our storage tanks business,” said Antonio Carrillo, President and Chief Executive Officer.

Key Points: 
  • “I am pleased with Arcosa's second quarter performance, with Adjusted EBITDA surpassing last year's record results, normalizing for the divestiture of our storage tanks business,” said Antonio Carrillo, President and Chief Executive Officer.
  • At the end of the second quarter, the combined backlog for utility, wind, and related structures was $1,507.4 million compared to $410.1 million at the end of the second quarter of 2022.
  • Barge backlog at the end of the quarter was $287.1 million compared to $131.8 million at the end of the second quarter of 2022.
  • A conference call is scheduled for 8:30 a.m. Eastern Time on August 4, 2023 to discuss second quarter 2023 results.

Ecovyst Reports Second Quarter 2023 Results

Retrieved on: 
Thursday, August 3, 2023
Chemicals, Plastics, Other Manufacturing, Manufacturing, Uncertainty, Maintenance, Plastic, Inc., Mineral, Metal, Telephone, Opal, Gasoline, GAAP, Carbon, Domínguez, Forecasting, Sulfur, Regeneration, EBITDA, Nature, Financial result, Regulation S-K, Catalyst Technologies, Appendix, ABL, Growth, Adjustment, Hand, Conference, NYSE, Regulation, Satellite navigation device, Natural gas, Oil, Car rental, Fine chemical, Bank, Chemical

Ecovyst Inc. (NYSE: ECVT) (“Ecovyst” or the “Company”), a leading integrated and innovative global provider of specialty catalysts and services, today reported results for the second quarter ended June 30, 2023 and updated fiscal 2023 guidance.

Key Points: 
  • Ecovyst Inc. (NYSE: ECVT) (“Ecovyst” or the “Company”), a leading integrated and innovative global provider of specialty catalysts and services, today reported results for the second quarter ended June 30, 2023 and updated fiscal 2023 guidance.
  • “Although unplanned operational downtime at our Ecoservices’ Dominguez facility at the end of the quarter limited sales volume and increased maintenance costs, we delivered second quarter 2023 Adjusted EBITDA of $79 million, up 9%, compared to the second quarter of 2022, with an associated margin of 34.7%, which was up 680 basis points compared to the year-ago quarter,” added Bitting.
  • Sales for the quarter ended June 30, 2023 were $184.1 million, compared to $225.2 million in the second quarter of 2022.
  • On Thursday, August 3, 2023, Ecovyst management will review the second quarter results during a conference call and audio-only webcast scheduled for 11:00 a.m. Eastern Time.

EQS-News: Rational AG: Sales revenues up 23 percent to 561 million euros in the first half of 2023

Retrieved on: 
Thursday, August 3, 2023
Social responsibility, Food, Tax, EBIT, Stainless steel, Movement, Investment, CFO, Growth, Hand, Many, MDAX, Tourism, Chemical, Rationality

Rational generated sales revenues of 278.3 million euros, 20 percent up on the figure for the second quarter of 2022 (2022: 232.4 million euros).

Key Points: 
  • Rational generated sales revenues of 278.3 million euros, 20 percent up on the figure for the second quarter of 2022 (2022: 232.4 million euros).
  • After the first six months of 2023, sales revenues amounted to 560.8 million euros, 23 percent up on the previous year (2022: 457.7 million euros).
  • In the iVario product group, sales revenues of 57.8 million euros were slightly down on the previous year (62.6 million euros).
  • Cost of sales increased more slowly than sales revenues in the first half of the year, up around 17 percent to 246.0 million euros (2022: 210.5 million euros).

Tennant Company Declares Regular Quarterly Cash Dividend

Retrieved on: 
Wednesday, August 2, 2023
Retail, Chemicals, Plastics, Specialty, Manufacturing, Tennant Company, TNC, Tennant, NYSE, Marketing, Holding company, Chemical

Directors of Tennant Company (NYSE: TNC) today declared a regular quarterly cash dividend of $0.265 per share payable September 15, 2023, to shareholders of record at the close of business on August 31, 2023.

Key Points: 
  • Directors of Tennant Company (NYSE: TNC) today declared a regular quarterly cash dividend of $0.265 per share payable September 15, 2023, to shareholders of record at the close of business on August 31, 2023.
  • Founded in 1870, Tennant Company (TNC), headquartered in Eden Prairie, Minnesota, is a world leader in the design, manufacture and marketing of solutions that help create a cleaner, safer and healthier world.
  • Tennant Company had sales of $1.09 billion in 2022 and has approximately 4,250 employees.
  • The Tennant Company logo and other trademarks designated with the symbol “®” are trademarks of Tennant Company registered in the United States and/or other countries.

EQS-News: Schaeffler AG: Schaeffler raises overall Group guidance for 2023 following robust second quarter

Retrieved on: 
Wednesday, August 2, 2023
Growth, International Centre for Automotive Technology, Automation, Industrial, Greater, Automotive aftermarket, Retail, Auction, Chemical, Semiconductor, EBIT

The Automotive Technologies division generated 4,840 million euros in revenue in the first half of 2023 (prior year: 4,514 million euros).

Key Points: 
  • The Automotive Technologies division generated 4,840 million euros in revenue in the first half of 2023 (prior year: 4,514 million euros).
  • The constant-currency revenue growth of 8.3 percent resulted mainly from a market-driven increase in volumes contributed to by all business divisions.
  • Overall, the Automotive Technologies division’s revenue growth at constant currency fell slightly short of the trend in global automobile production.
  • The division generated 207 million euros (prior year: 92 million euros) in EBIT before special items in the first six months.

Eastman Announces Second-Quarter 2023 Financial Results

Retrieved on: 
Thursday, July 27, 2023
Packaging, Chemicals, Plastics, Manufacturing, Borrowing base, Plastic, Advanced Materials, Costa, Table, Agriculture, Aviation, Weakness, GAAP, EBIT, Plasticizer, Chairperson, Growth, EPS, Environment, Renewable energy, Chemical, Retail, Gasoline, Natural gas

In second quarter 2023, cash provided by operating activities was $410 million compared to $245 million in second quarter 2022.

Key Points: 
  • In second quarter 2023, cash provided by operating activities was $410 million compared to $245 million in second quarter 2022.
  • In second quarter 2023, the company returned $144 million to stockholders through dividends and share repurchases.
  • Commenting on the outlook for full-year 2023, Costa said: “We delivered solid results in the first half of the year despite the challenging global economic environment.
  • Our financial results forecasts do not include non-core items (such as mark-to-market pension and other postretirement benefit gain or loss, and asset impairments and restructuring charges) or any unusual or non-recurring items because we are unable to predict with reasonable certainty the financial impact of such items.

AM Best Affirms Credit Ratings of Teachers Insurance and Annuity Association of America and Its Subsidiary

Retrieved on: 
Thursday, July 27, 2023
Insurance, Professional Services, Teachers Insurance and Annuity Association of America, AM Best, IRS, TIAA Bank, Education, ALL, Life, Long-Term Capital Management, Credit, Schedule, TIAA, AUM, Investment, Superior, AM, CREF, News, Chemical

AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aaa” (Exceptional) of Teachers Insurance and Annuity Association of America (TIAA) and its wholly owned insurance subsidiary, TIAA-CREF Life Insurance Company (TIAA-CREF Life).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aaa” (Exceptional) of Teachers Insurance and Annuity Association of America (TIAA) and its wholly owned insurance subsidiary, TIAA-CREF Life Insurance Company (TIAA-CREF Life).
  • Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IR) of “aa” (Superior) on TIAA’s surplus notes.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Textron Reports Second Quarter 2023 Results; Raises Full-Year EPS Outlook

Retrieved on: 
Thursday, July 27, 2023
Chemicals, Plastics, Other Defense, Automotive Manufacturing, Aerospace, Energy, Manufacturing, Insurance, Finance, Professional Services, Defense, Air, General Automotive, Transport, Automotive, Other Energy, Textron, Bell, Inc., Aviation, GAAP, Research, Textron Aviation, Access code, Webcast, NYSE, Video game, Chemical

Textron Inc. (NYSE: TXT) today reported second quarter 2023 income from continuing operations of $1.30 per share, as compared to $1.00 per share in the second quarter of 2022.

Key Points: 
  • Textron Inc. (NYSE: TXT) today reported second quarter 2023 income from continuing operations of $1.30 per share, as compared to $1.00 per share in the second quarter of 2022.
  • "Operationally, execution was strong across our segments with a segment profit margin of 10.3% in the second quarter of 2023, up 140 basis points from last year's second quarter."
  • Textron Aviation delivered 44 jets in the quarter, down from 48 last year, and 37 commercial turboprops, up from 35 in last year's second quarter.
  • Textron eAviation segment revenues were $11 million and segment loss was $12 million in the second quarter of 2023, primarily related to research and development costs.

Tennant Company to Webcast Second Quarter 2023 Conference Call

Retrieved on: 
Monday, July 24, 2023
Retail, Chemicals, Plastics, Other Retail, Home Goods, Manufacturing, Other Manufacturing, Machinery, Central Time, Tennant Company, TNC, Tennant, New Çeltek events, NYSE, Marketing, Chemical, News

Tennant Company (NYSE: TNC) announced today that the company will report its 2023 second quarter results on Friday, August 4, 2023.

Key Points: 
  • Tennant Company (NYSE: TNC) announced today that the company will report its 2023 second quarter results on Friday, August 4, 2023.
  • The company will conduct a conference call to discuss the results at 10:00 a.m. Central Time on August 4.
  • Tennant Company had sales of $1.09 billion in 2022 and has approximately 4,250 employees.
  • The Tennant Company logo and other trademarks designated with the symbol “®” are trademarks of Tennant Company registered in the United States and/or other countries.

PROFITS ON HOME SALES REBOUND ACROSS U.S. IN SECOND QUARTER OF 2023 AS HOUSING MARKET REVIVES

Retrieved on: 
Thursday, July 20, 2023
Metro, REO, Housing, Statistics, Typical, Margin, Record, Profit margin, Great, Pueblo, Colorado, Sale, Lincoln, Report, AL, Federal Housing Administration, FHA, Seneca, South Carolina, Pharmaceutical industry, Property management, Video game, Real estate, Arms industry, Chemical, Drug, Security (finance), MD

IRVINE, Calif., July 20, 2023 /PRNewswire/ -- ATTOM, a leading curator of land, property, and real estate data, today released its second-quarter 2023 U.S. Home Sales Report, which shows that profit margins on median-priced single-family home and condo sales in the United States increased to 47.7 percent in the second quarter – the first gain in a year.

Key Points: 
  • Gross profits also shot up from the first to the second quarter of 2023.
  • The about-face in profits and prices around the U.S. during the second quarter reflected a housing market in flux.
  • Prices and profits went back up in the second quarter during the start of the annual buying season, helped along by several forces.
  • Metro areas were included if they had sufficient population and at least 1,000 single-family home and condo sales in the second quarter of 2023.