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
Founded in 2014
Key Executives for MPM Holdings Inc.
Chief Executive Officer, President and Director
Total Annual Compensation: $1.0M
Vice President and Deputy General Counsel
Total Annual Compensation: $345.7K
Compensation as of Fiscal Year 2014.
MPM Holdings Inc. Key Developments
MPM Holdings Inc. and Momentive Performance Materials Inc. Announce Executive Changes
Sep 17 15
MPM Holdings Inc. announced that John D. Moran has been named Senior Vice President, General Counsel and Secretary of the company, and its indirect subsidiary Momentive Performance Materials Inc., effective September 21, 2015. In connection with the appointment, Stephen J. Psutka will resign as Interim General Counsel and Secretary of the company and Momentive Performance Materials Inc. and be named Vice President and Deputy General Counsel. Prior to joining Momentive, Mr. Moran served as General Counsel, Vice President and Secretary of GrafTech International Ltd. since April 2009, where his primary responsibilities included corporate governance, regulatory compliance, commercial and transactional matters and oversight of the legal and corporate secretary functions.
MPM Holdings Inc. Announces Resignation of Daniel C. Murphy as a Member of the Board of Directors
Sep 1 15
On August 27, 2015, Daniel C. Murphy resigned as a member of the Board of Directors of MPM Holdings Inc.
MPM Holdings Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Aug 14 15
MPM Holdings Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, net sales were $602 million against $637 million a year ago. Income before income taxes and earnings from unconsolidated entities was $7 million against loss before income taxes and earnings from unconsolidated entities of $94 million a year ago. Net income was $12 million or $0.25 per basic and diluted share against net loss of $106 million or $1,060,000 per basic and diluted share a year ago. EBITDA was $60 million against $59 million a year ago.
For six months, net sales were $1,181 million against $1,242 million a year ago. Loss before income taxes and earnings from unconsolidated entities was $10 million against $143 million a year ago. Net loss was $14 million or $0.29 per basic and diluted share against $162 million or $1,620,000 per basic and diluted share a year ago Net cash provided by operating activities was $8 million against net cash used in operating activities of $110 million a year ago. Capital expenditures were $54 million against $48 million a year ago. EBITDA was $112 million against $114 million a year ago. Net debt remained relatively unchanged at approximately $1.2 billion as of June 30, 2015.
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April 30, 2015