August 28, 2016 5:08 PM ET

Chemicals

Company Overview of Hexion Inc.

Company Overview

Hexion Inc. provides thermosets, specialty products, and technical support for a range of applications and industries worldwide. It operates in two segments: Epoxy, Phenolic and Coating Resins; and Forest Products Resins. The Epoxy, Phenolic and Coating Resins segment offers epoxy specialty resins, modifiers, and curing agents for use in the automotive, construction, wind energy, aerospace, and electronics industries; basic epoxy resins, such as solid epoxy resins and liquid epoxy resins for industrial coatings applications; bisphenol-A and epichlorohydrin products; and versatic acids and derivatives under the Versatic, VEOVA vinyl ester, and CARDURA glycidyl ester names, which are used in d...

180 East Broad Street

Columbus, OH 43215

United States

Founded in 1857

5,100 Employees

Phone:

614-225-4000

Key Executives for Hexion Inc.

Chairman, Chief Executive Officer and President
Age: 60
Chief Financial Officer, Executive Vice President and Director
Age: 59
Executive Vice President and President of Epoxy, Phenolic & Coating Resins Division
Age: 60
Executive Vice President and President of Forest Products Division
Age: 58
Executive Vice President and General Counsel
Age: 58
Compensation as of Fiscal Year 2016.

Hexion Inc. Key Developments

Hexion Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Hexion Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported net sales of $952 million, a decrease of 12% compared with $1.09 billion in the prior year period. The decline in net sales were primarily driven by the strengthening of the USD against most other currencies, slightly lower volumes in both segments and the pass through of savings from lower priced oil-driven feedstocks. Operating income was $218 million against $79 million a year ago. Income before income tax and earnings from unconsolidated entities was $162 million against loss of $7 million a year ago. Income before earnings from unconsolidated entities was $145 million against loss of $8 million a year ago. Net income was $150 million against loss of $2 million a year ago. The company's second quarter 2016 results reflected continued volume growth in the company's specialty epoxy business driven by strong wind energy demand, particularly in Europe and the Asia Pacific region, as well as improved earnings in Versaticâ„¢ Acids and Derivatives and North American forest product businesses. For the six months, the company reported net sales of $1,861 million compared with $2,166 million a year ago. Operating income was $235 million against $142 million a year ago. Income before income tax and earnings from unconsolidated entities was $121 million against loss of $18 million a year ago. Income before earnings from unconsolidated entities was $97 million against loss of $45 million a year ago. Net income was $106 million against loss of $36 million a year ago. Net cash used in operating activities was $150 million against net cash provided by operating activities of $28 million a year ago. Capital expenditures were $61 million against $79 million a year ago. EBITDA was $703 million. Adjusted EBITDA was $447 million.

Hexion Inc. to Report Q2, 2016 Results on Aug 11, 2016

Hexion Inc. announced that they will report Q2, 2016 results Pre-Market on Aug 11, 2016

Hexion Inc., Q2 2016 Earnings Call, Aug 11, 2016

Hexion Inc., Q2 2016 Earnings Call, Aug 11, 2016

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 1, 2016
HA International LLC
Merger/Acquisition
March 21, 2016
Hexion Inc., Hexion Performance Adhesives & Coatings
Merger/Acquisition
November 9, 2015
Momentive Union Specialty Chemicals Ltd.
 

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