Company Overview of Hexion Inc.
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
Founded in 1857
Key Executives for Hexion Inc.
Chairman, Chief Executive Officer and President
Chief Financial Officer, Executive Vice President and Director
Executive Vice President and General Counsel
Principal Accounting Officer, Senior Vice President and General Controller
Compensation as of Fiscal Year 2016.
Hexion Inc. Key Developments
Hexion Inc. Announces Executive Changes
Oct 6 16
Hexion Inc. announced that Joseph P. Bevilaqua has been named Chief Operating Officer (COO) of the company effective immediately. Mr. Bevilaqua will oversee all aspects of the company’s operations for both business divisions, including global responsibility for the manufacturing, supply chain, commercial, and environmental, health and safety functions. In connection with the appointment, Dale N. Plante, Executive Vice President and President of the Forest Products Division, will leave the company to pursue other endeavors. Mr. Plante will remain with the company as an advisor through mid-2017 to ensure a smooth transition of responsibilities. Mr. Bevilaqua most recently served as Executive Vice President and President of the Epoxy, Phenolic and Coating Resins Division of the company.
Hexion Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
Aug 11 16
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 Versatic™ 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
Aug 11 16
Hexion Inc. announced that they will report Q2, 2016 results Pre-Market on Aug 11, 2016
Similar Private Companies By Industry
Recent Private Companies Transactions