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May 03, 2015 2:02 PM ET

Chemicals

Company Overview of MPM Holdings Inc.

Company Overview

MPM Holdings Inc., through its subsidiaries, produces and sells silicones and silicone derivatives worldwide. It is also involved in the development and manufacture of products derived from quartz and specialty ceramics. The company operates in two segments, Silicones and Quartz. It offers fluids products, including polydimethylsiloxane polymers, co-polymers, elastomers and gel networks, high-performance antifoams, and emulsions under the Magnasoft, Sagtex, Formasil, Silwet, Silsoft, Silshine, Tospearl, and Velvesil brands; and silane and specialty resins products under the Silblock, A-Link, Wetlink, Silquest, NXT, Pearlene, SPUR, Tospearl, and CoatOSil brands. The company also provides inte...

260 Hudson River Road

Waterford, NY 12188

United States

4,600 Employees

Phone:

518-237-3330

Key Executives for MPM Holdings Inc.

Chief Executive Officer, President and Director
Age: 54
Total Annual Compensation: $1.0M
Interim Chief Financial Officer
Age: 42
Total Annual Compensation: $434.7K
Executive Vice President and Secretary
Age: 56
Total Annual Compensation: $486.2K
Interim General Counsel
Age: 50
Total Annual Compensation: $345.7K
Compensation as of Fiscal Year 2014.

MPM Holdings Inc. Key Developments

Momentive Performance Materials Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Momentive Performance Materials Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. Net sales for the three months ended December 31, 2014 were $603 million, a decrease of 2% compared with $614 million in the prior year period. The decline in Net Sales were primarily driven by the strengthening of the U.S. dollar against other currencies which more than offset price and mix improvements in silicones. Operating loss was $28 million against $3 million a year ago. Net income before income taxes and earnings from unconsolidated entities was $2,023 million against loss of $163 million a year ago. Net income was $1,986 million against $266 million a year ago. Net sales for the twelve months ended December 31, 2014 were $2.48 billion, an increase of 3% compared with $2.40 billion in the prior year. The increase in Net Sales were primarily driven by an increase in silicones volumes. Operating loss was $612 million against income of $31 million a year ago. Net income before income taxes and earnings from unconsolidated entities was $1,622 million against loss of $467 million a year ago. Net income was $1,625 million against $464 million a year ago. Net cash used in operating activities was $210 million against $150 million a year ago. Capital expenditures were $95 million against $79 million a year ago. EBITDA was $2,007 million. Adjusted EBITDA was $221 million.

MPM Holdings Inc., Q4 2014 Earnings Call, Mar 30, 2015

MPM Holdings Inc., Q4 2014 Earnings Call, Mar 30, 2015

MPM Holdings Inc. Announces Management Appointments

John G. (Jack) Boss has been named as Chief Executive Officer and President of MPM Holdings Inc. and that Bradley J. Bell has been named as Chairman of the Board of MPM Holdings, effective as of December 15, 2014. Mr. Boss has served as Interim Chief Executive Officer and President of Momentive Performance Materials Inc. and MPM Holdings Inc. since October 24, 2014.

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