Company Overview of MPM Holdings Inc.
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
Key Executives for MPM Holdings Inc.
Chief Executive Officer, President and Director
Total Annual Compensation: $1.0M
Interim General Counsel
Total Annual Compensation: $345.7K
Compensation as of Fiscal Year 2014.
MPM Holdings Inc. Key Developments
Momentive Performance Materials Starts Up Silicone Rubber Expansion in Germany
Jun 12 15
Momentive Performance Materials has started up an expansion at its liquid silicone rubber (LSR) plant at the Leverkusen chemicals production hub in Germany.
Momentive Performance Materials Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Financial Guidance for the Full Year of 2015
May 15 15
Momentive Performance Materials Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $579 million compared to $605 million a year ago. Operating income was $11 million compared to $27 million a year ago. Loss before income taxes and earnings from unconsolidated entities was $17 million compared to $49 million a year ago. Loss before earnings from unconsolidated entities was $27 million compared to $57 million a year ago. Net loss was $26 million compared to $56 million a year ago. Net cash used in operating activities was $3 million compared to $68 million a year ago. The company announced a $65 million improvement in cash flow from operations during the first quarter of 2015 compared to the prior year period and net debt totaled approximately $1.2 billion as of March 31. Capital expenditures were $27 million compared to $27 million a year ago. Purchases of intangible assets were $1 million. EBITDA was $1,980 million. Adjusted EBITDA was $222 million. The decline in net sales primarily driven by the strengthening of the U.S. dollar against other currencies and continued weakness in siloxanes which more than offset price and mix improvements in specialty silicones and volume gains in quartz. On a constant currency basis, net sales would have increased 2% for the period.
The company continues to expect that capital expenditure investment will total $125 million for the full year of 2015. The company expects to improve year-over-year on EBITDA.
MPM Holdings Inc. to Report Q1, 2015 Results on May 15, 2015
May 15 15
MPM Holdings Inc. announced that they will report Q1, 2015 results Pre-Market on May 15, 2015
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