Financial Results, Trend Data Findings, and Senior Leadership Changes -
Research Report on BP, LyondellBasell, PPG, Olin, and Ashland
NEW YORK, November 1, 2013
NEW YORK, November 1, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting BP plc
(NYSE: BP), LyondellBasell Industries NV (NYSE: LYB), PPG Industries Inc.
(NYSE: PPG), Olin Corp. (NYSE: OLN) and Ashland Inc. (NYSE: ASH). Today's
readers may access these reports free of charge - including full price
targets, industry analysis and analyst ratings - via the links below.
BP plc Research Report
On October 29, 2013, BP plc (BP) announced its Q3 2013 financial results,
raised dividends and set new divestment targets. For Q3 2013, the Company
reported underlying replacement cost profit of $3.7 billion, versus $5.0
billion for Q3 2012. Further, with its commitment to maintaining a progressive
and sustainable dividend policy, BP stated that it will increase its quarterly
dividend by 5.6%, to 9.5 cents per ordinary share, payable in December 2013.
The Company added that it plans to review the level of dividend with Q1 and Q3
results each year. Lastly, Bob Dudley, BP Group Chief Executive stated that
the Company expects to divest a further $10 billion in assets before the end
of 2015, continuing its programme of focusing its business portfolio worldwide
around BP's key assets and strategic strengths. The Full Research Report on BP
plc - including full detailed breakdown, analyst ratings and price targets -
is available to download free of charge at:
LyondellBasell Industries NV Research Report
On October 29, 2013, LyondellBasell Industries NV (LyondellBasell) reported
its Q3 2013 financial results. The Company's sales and other operating
revenues went down slightly by 1.1% YoY to 11.2 billion, and EBITDA declined
3.7% YoY to $1.5 billion during the quarter. Diluted EPS was $1.51 in Q3 2013,
compared to $1.47 in Q3 2012. Commenting on the results, LyondellBasell's CEO
Jim Gallogly said, "We achieved solid third quarter results, with earnings of
$1.51 per share and EBITDA of $1.53 billion. During the quarter, we advanced
our capital deployment program, purchasing shares and declaring dividends
totaling $1.3 billion. Since authorization of the share repurchase program in
May 2013 and through the close of the third quarter, approximately three
percent of our outstanding shares have been repurchased." The Full Research
Report on LyondellBasell Industries NV - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
PPG Industries Inc. Research Report
On October 24, 2013, PPG Industries Inc. (PPG) released its annual automotive
color trend data, which reveals that white is still the most popular car color
worldwide, based on 2013 automotive build data. Jane E. Harrington, PPG
Manager, color styling, automotive original equipment manufacturer (OEM)
coatings, commented, "While white continues to be the most dominant choice in
car color, we see growth in the variety of whites being offered to consumers.
Car manufacturers are seeking ways to create variations of white, silver,
black and gray that are specific to their brands and that complement different
vehicle types. Distinct effects such as micas, glass flakes, fine bright
aluminum and hue-shifting pigments help them achieve this." 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:
Olin Corp. Research Report
On October 28, 2013, Olin Corp. (Olin) reported its financial results for Q3
2013. Olin's Q3 2013 net income was $69.7 million, or $0.86 per diluted share,
higher as compared to $28.7 million, or $0.35 per diluted share in Q3 2012.
The Company's Q3 2013 sales were $670.7 million versus $581.2 million in Q3
2012. Joseph D. Rupp, Chairman, President, and CEO commented, "Olin had a
strong third quarter of 2013 during which we increased our cash position by
$142.2 million. We also generated $138.8 million of adjusted EBITDA, which is
the highest quarterly level in the history of the company. The elevated level
of commercial demand that Winchester began to experience in the fourth quarter
of 2012 continued throughout the third quarter of 2013." The Full Research
Report on Olin Corp. - including full detailed breakdown, analyst ratings and
price targets - is available to download free of charge at:
Ashland Inc. Research Report
On October 15, 2013, Ashland Inc. (Ashland) announced that it is realigning
senior leadership within two commercial units, as a part of its commitment to
unlock new value and growth opportunities within its global specialty
chemicals businesses, with immediate effect. John E. Panichella, Ashland's
Senior Vice President, was named President of Ashland Water Technologies, and
Luis Fernandez-Moreno was appointed as Senior Vice President of Ashland and
President of Ashland Specialty Ingredients. James J. O'Brien, Ashland's
Chairman and CEO, commented, "We are fortunate to have two proven leaders with
extensive global experience in both specialty chemicals and water markets.
Each brings unique strengths and talents to his new role. We believe that
moving Luis and John into these new roles will help maximize growth
opportunities for Ashland by enabling each of them to capitalize on what they
know best." The Full Research Report on Ashland 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/dfdb_ASH]
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