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Last $30.53 USD
Change Today +0.40 / 1.33%
Volume 759.0K
CHMT On Other Exchanges
Symbol
Exchange
New York
EN Paris
OTC US
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As of 8:04 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

chemtura corp (CHMT) Snapshot

Open
$30.38
Previous Close
$30.13
Day High
$31.10
Day Low
$30.35
52 Week High
05/1/15 - $31.10
52 Week Low
12/16/14 - $21.02
Market Cap
2.1B
Average Volume 10 Days
677.0K
EPS TTM
$5.46
Shares Outstanding
67.2M
EX-Date
--
P/E TM
5.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for CHEMTURA CORP (CHMT)

chemtura corp (CHMT) Related Businessweek News

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chemtura corp (CHMT) Details

Chemtura Corporation, together with its subsidiaries, develops, manufactures, and markets performance-driven engineered specialty chemicals for industrial manufacturing customers in the United States and internationally. Its Industrial Performance Products segment offers synthetic base-stocks and petroleum additives that enable engine and machine protection through friction reduction, thermal and oxidative stabilization, detergency, corrosion inhibition, and wear protection in transportation and industrial lubricating fluids and greases; and synthetic finished lubricants and greases for aviation, marine, refrigeration, power generation, and general industrial applications. This segment also provides thermoset and thermoplastic urethane polymers for a range of industrial and recreational applications; and polyester polyols for cast polyurethane pre-polymers, flexible polyurethane foams, and water-based polyurethane dispersions for use in various coatings. The company’s Industrial Engineered Products segment offers catalyst components; surface treatments; flame retardants and a bromine based product line used as agricultural and pharmaceutical intermediates; completion fluids for oil and gas extraction; and mercury control products for coal fired power stations. It serves plastics, agriculture, fine chemicals, oil and gas, building and construction, insulation, electronics, mercury control, solar energy, pharmaceutical, and automotive industries. The company offers its industrial performance products under the Adiprene, Anderol, Durad, Duracast, Everest, Fomrez, Hatcol, Hybase, Lobase, Naugalube, Reolube, Royco, Synton, Trixene, Vibrathane, and Witcobond brands; and industrial engineered products under the Axion, DayStar, Emerald Innovation, Firemaster, Fyrebloc, GeoBrom, Kronitex, Meth-o-Gas, Ongard, Pyrobloc, Reofos, Smokebloc, Thermoguard, and Timonox brands. Chemtura Corporation was founded in 1900 and is headquartered in Philadelphia, Pennsylvania.

2,700 Employees
Last Reported Date: 02/25/15
Founded in 1900

chemtura corp (CHMT) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $524.0K
Executive Vice President of Supply Chain & Op...
Total Annual Compensation: $442.4K
Executive Vice President, General Counsel and...
Total Annual Compensation: $419.5K
Executive Vice President of Organometallics S...
Total Annual Compensation: $386.1K
Compensation as of Fiscal Year 2014.

chemtura corp (CHMT) Key Developments

Chemtura Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Tax Rate Guidance for the Year 2015

Chemtura Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's net sales were $438 million compared to $556 million a year ago. Operating income was $29 million against $22 million a year ago. Earnings from continuing operations before income taxes was $32 million compared to $13 million a year ago. Earnings from continuing operations were $21 million or $0.30 per diluted share compared to $10 million or $0.10 per basic and diluted share a year ago. Net cash provided by operating activities was $16 million compared to net cash used in operating activities of $50 million a year ago. Net debt as at March 31, 2015 was $313 million. Capital expenditures were $13 million against $23 million a year ago. The decrease from the first quarter of 2014 primarily related to lower spending on capital projects at Nantong, China and Hyeongok (Daystar), South Korea facilities. On managed basis, the company's net sales were $429 million compared to $556 million a year ago. Operating income was $25 million against $32 million a year ago. Earnings from continuing operations before income taxes was $28 million compared to $23 million a year ago. Earnings from continuing operations were $20 million or $0.29 per basic and diluted share compared to $16 million or $0.16 per diluted share a year ago. Adjusted EBITDA was $51 million compared to $61 million a year ago. The company reported increased net income because of fewer expenses. Sales fell in the company's industrial performance products because of changes in its product mix. These were partially offset by lower feedstock costs. For the year 2015, the company anticipates that the managed basis effective tax rate may range from 26% to 30%.

Chemtura Corporation Announces the Introduction of the ANDEROL® 5000 PLUS EP Synthetic Gear Oil Product Series

Chemtura Corporation announced the introduction of the ANDEROL® 5000 PLUS EP Synthetic Gear Oil product series, which is designed for gear applications requiring high micropitting resistance and protection under extreme conditions. Exceeding the most stringent gear box OEM and heavy industry specification requirements, these PAO/ester-based gear oils are formulated using a specific balance of advanced synthetic base stocks and additives to provide performance greatly superior to conventional petroleum oils. The base stock technology coupled with the additive system offers significantly improved load carrying ability, excellent wear and rust protection, higher viscosity indices, higher flash points, low pour points, cleaner running systems and improved thermal and oxidative stability compared to conventional oils. This helps promote higher gearbox reliability, extended lubricant life and reduced maintenance costs for the end user. ANDEROL® 5000 PLUS EP Synthetic Gear Oils are approved by Tier 1 global gear OEMs and also meet the requirements of all the major industry specifications for EP gear oils. Depending on the specific application, the operating temperature ranges from -30°C to +100°C as the series includes a full range of viscosity offerings including ISO 220, 320, 460 and 680. Synthetic gear oils service approximately 10% of the industrial gear oil market, with a current growth rate of approximately 5% each year, a significantly higher growth rate than that for conventional industrial gear oils. The market includes sub-segments such as power generation, cement, mining, steel and marine. Typical applications include lubrication in spur gear, bevel gear and planetary gear systems in heavy loaded gear units, along with oil-lubricated rolling bearings.

Chemtura Corporation to Report Q1, 2015 Results on Apr 29, 2015

Chemtura Corporation announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Apr 29, 2015

 

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