AkzoNobel publishes 1H and 2Q 2017 results: key figures

AkzoNobel publishes 1H and 2Q 2017 results: key figures

FOCUS The Supervisory Board has designated Vanlancker as CEO/Chairman of the Board of Management, with full power and authority as a member of the Boa...

35KB Sizes 2 Downloads 71 Views

FOCUS The Supervisory Board has designated Vanlancker as CEO/Chairman of the Board of Management, with full power and authority as a member of the Board of Management, in accordance with the articles of association of Akzo Nobel N.V. which provides for such designation until formal CEO appointment by shareholders.

Original Source: Coatings World, 25 July 2017. (Website: http://www.coatingsworld.com) Copyright AkzoNobel 2017.

RPM Reports Fourth-Quarter and Full-Year Results for Fiscal 2017 RPM International Inc. reported record sales for its fiscal fourth quarter and year ended May 31, 2017. Net income and diluted earnings per share for both periods declined following impairment charges and other non-repeating items earlier in the year, as well as a one-time severance charge in the fourth quarter. Fourth-quarter net sales increased 4.6% to $1.49 billion from $1.43 billion a year ago. Net income for the fourth quarter was down 16.2% to $128.1 million from $152.9 million reported in the fourth quarter of fiscal 2016. Diluted earnings per share were $0.94, a 16.8% decline from $1.13 reported a year ago. Income before income taxes (IBT) was off 6.7% to $185.7 million from $199.1 million a year ago. Consolidated earnings before interest and taxes (EBIT) declined 5.1% to $209.1 million, from $220.4 million a year ago and included a $15.0 million severance charge. Excluding the $15.0 million severance charge, EBIT was $224.1 million, up 1.7% from a year ago. Diluted earnings per share excluding the severance charge were $1.02, a 9.7% decline from a year ago, driven primarily by a significantly higher tax rate this year compared to last year.

Original Source: RPM International 24 July 2017. (Website: http://www.rpminc.com) Copyright RPM International 2017.

Axalta Coating Systems Opens New Training Center in Western Australia Axalta Coating Systems has recently opened a new training facility in Bentley, Perth, Australia. The center will become the key training destination for refinishers from the Western Australian region, focusing on the use of Axalta’s refinish and industrial products to help maximize refinishers’ skill-sets and keep them up-todate with latest technology and techniques. The new training center, was initiated to help customers and business partners in the Western Australia avoid having to travel vast distances, often up to 4,000 km. It provides easy access to world class product and consultancy training programs that address business and product

September 2017

ON

POWDER

requirements, sharpening customers’ competitive edge. Located south of Perth, on the premises of Axalta distributor Global Autocoat, the 400m2 training center is equipped with state-of-the-art equipment, tools and layout. It has two training rooms with the latest audio/visual equipment, two mixing rooms, a functional production planning room, two dry sanding floors and an adjoining color study. Two spray booths, one down draft and one down draft with GAS IR Arch, with full-length glass walls optimize the un-restrictive viewing capability for training application techniques and demonstration, as well as the latest waterborne drying technology. They also include special climate control settings so training can replicate varying temperature conditions commonly found in the different regions of Western Australia.

Original Source: Coatings World, 31 July 2017. (Website: http://www.coatingsworld.com) Copyright Axalta Coating Systems 2017.

Arkema: 2Q 2017 results: key figures Arkema has released its financial results for 2Q 2017. Sales were s2198 M, significantly up by 12.6% over 2Q 2016. EBITDA was a record high with s398 M, up 17% compared to 2Q 2016. EBITDA margin was up at 18.1% versus 17.5% in 2Q 2016. Adjusted net income was significantly up by 28% to s172 M (s2.28/share). The company had excellent cash generation with free cash flow multiplied by 2 to over s158 M. Net debt of s1471 M was slightly down on 31 Mar 2017 while including the payment of a s155 M dividend at end May 2017.

Original Source: Arkema, 2 Aug 2017. (Website: http://www.arkema.com/) Copyright Arkema 2017.

Arkema: 2Q 2017 results: Coating Solutions For Arkema’s Coating Solutions segment, in 2Q 2017, sales were s517 M versus s471 M in 2Q 2016. EBITDA was s64 M versus s63 M in 2Q 2016.

Original Source: Arkema, 2 Aug 2017. (Website: http://www.arkema.com/) Copyright Arkema 2017.

AkzoNobel publishes 1H and 2Q 2017 results: key figures AkzoNobel has published financial results for 1H and 2Q 2017. Revenue increased by 4% from s7141 M in 1H 2016 to s7446 M in 1H 2017. EBIT has increased from s825 M to s837 M. Return on sales (ROS) dropped to 11.2% from 11.6%. Net

COATINGS income attributable to shareholders dropped by 2% from s552 M to s541 M. Revenue increased by 2% from s3711 M in 2Q 2016 to s3785 M in 2Q 2017. EBIT dropped by 6% from s491 M to s461 M. ROS dropped from 13.2% to 12.2%. Net income attributable to shareholders declined by 4% from s312 M to s301 M.

Original source: AkzoNobel, 25 Jul 2017, (Website: http://www.akzonobel.com) Copyright AkzoNobel NV 2017.

AkzoNobel publishes 1H and 2Q 2017 results: Performance Coatings AkzoNobel’s Performance Coatings’ 1H 2017 revenue was up 4%, driven by the acquired Industrial Coatings business. Positive volume developments for Industrial and Powder Coatings were more than offset by continued weak demand in Marine and Protective Coatings. Excluding Marine and Protective Coatings, volumes were higher. EBIT was down due to ongoing weakness in the marine and oil and gas industries. Excluding Marine and Protective Coatings EBIT was up. Return on sales and return on investment were affected by Marine and Protective Coatings and the acquired Industrial Coatings business. Revenue increased by 4% from s2861 M in 1H 2016 to s2975 M in 1H 2017. EBIT dropped by 5% from s408 M to s389 M. Revenue increased by 2% from s1473 M in 2Q 2016 to s1504 M in 2Q 2017. EBIT declined by 9% from s222 M to s202 M.

Original source: AkzoNobel, 25 Jul 2017, (Website: http://www.akzonobel.com) Copyright AkzoNobel NV 2017.

TCI develops red powder coatings for Fiat Chrysler automobiles TCI Powder Coatings has developed a specially formulated product for Fiat Chrysler Automobiles (FCA) in its new product development lab. FCA needed a ‘Demonic Red’ color that would meet under-body and under-hood requirements as well as performance specifications to protect the valve covers and engine blocks of the Dodge Challenger SRT Demon. Other powder coaters were struggling to find a match within a reasonable timeline. With the support of TCI Powder Coatings’ Product Development Team, the development of the ‘Demonic Red’ color was prioritized and launched via TCI’s stage gate process. Through this process, TCI was able to quickly dedicate its resources, prioritize the project and deliver on an expedited timeframe. The Chrysler Zr3 Performance Red powder coating was developed and soon approved by FCA. TCI Powder Coatings was able to deliver on its promise of quick turnaround without sacrificing performance or quality.

3