Last $26.25 USD
Change Today +0.05 / 0.19%
Volume 915.7K
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As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

chemtura corp (CHMT) Key Developments

Chemtura Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Chemtura Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net sales of $467 million compared to $544 million a year ago. Operating income was $510 million compared to $24 million a year ago. Earnings from continuing operations before income taxes of $501 million compared to $7 million a year ago. Earnings from continuing operations were $703 million compared to $13 million a year ago. Net earnings were $703 million compared to net loss of $21 million a year ago. Diluted net earnings per share were $8.44 compared to diluted net loss per share of $0.22 a year ago. Adjusted EBITDA was $44 million compared to $65 million a year ago. Net cash used in operating activities was $55 million compared with cash provided by operating activities of $20 million for the fourth quarter of 2013. Capital expenditures for the fourth quarters of 2014 and 2013 were $35 million and $46 million, respectively.  For the full year, the company reported net sales of $2,190 million compared to $2,231 million a year ago. Operating income was $619 million compared to $98 million a year ago. Earnings from continuing operations before income taxes of $579 million compared to loss from continuing operations before income taxes of $4 million a year ago. Earnings from continuing operations were $771 million compared to loss from continuing operations of $22 million a year ago. Net earnings were $763 million compared to net loss of $177 million a year ago. Diluted net earnings per share were $8.34 compared to diluted net loss per share of $1.81 a year ago. Net cash used in operating activities of $78 million compared to net cash provided by operating activities of $79 million a year ago. Capital expenditures were $113 million compared to $170 million a year ago. Adjusted EBITDA was $244 million compared to $275 million a year ago. For the year 2015, the company expects capital expenditures in the range of $85 million to $95 million, as this is a year when will focus on making the assets. Net cash provided by operating activities will exceed net cash used by investing activities. That is that the company will generate free cash flow in the year of 2015.

Chemtura Corporation Presents at Morgan Stanley Chemicals Corporate Access Day, Feb-12-2015 08:30 AM

Chemtura Corporation Presents at Morgan Stanley Chemicals Corporate Access Day, Feb-12-2015 08:30 AM. Venue: New York, New York, United States. Speakers: Craig A. Rogerson, Chairman, Chief Executive Officer and President, Matthew Sokol, Director, Investor Relations.

Chemtura Corporation to Report Q4, 2014 Results on Feb 04, 2015

Chemtura Corporation announced that they will report Q4, 2014 results After-Market on Feb 04, 2015

Chemtura Corporation, Q4 2014 Earnings Call, Feb 26, 2015

Chemtura Corporation, Q4 2014 Earnings Call, Feb 26, 2015

Chemtura Mulls Acquisitions

Chemtura Corporation (NYSE:CHMT) is looking for acquisitions. Craig Rogerson, Chief Executive Officer of Chemtura Corporation said, "If Chemtura built the business organically, it would take a lot of time. Any growth would have to be achieved through acquisitions."

 

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