Last $52.33 USD
Change Today -0.185 / -0.35%
Volume 222.3K
CYT On Other Exchanges
Symbol
Exchange
Berlin
As of 3:02 PM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

cytec industries inc (CYT) Snapshot

Open
$52.27
Previous Close
$52.51
Day High
$52.69
Day Low
$52.01
52 Week High
07/18/14 - $54.63
52 Week Low
10/15/14 - $42.17
Market Cap
3.7B
Average Volume 10 Days
341.2K
EPS TTM
$2.21
Shares Outstanding
71.3M
EX-Date
02/6/15
P/E TM
23.6x
Dividend
$0.50
Dividend Yield
0.84%
Current Stock Chart for CYTEC INDUSTRIES INC (CYT)

cytec industries inc (CYT) Related Businessweek News

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cytec industries inc (CYT) Details

Cytec Industries Inc., a specialty materials and chemicals company, focuses on developing, manufacturing, and selling value-added products for aerospace and industrial materials, mining, and plastics industries. The company operates through four segments: Aerospace Materials, Industrial Materials, In Process Separation, and Additive Technologies. The Aerospace Materials segment provides aerospace-qualified prepregs, resin infusion systems, ablatives, structural/surfacing adhesives films, and high performance standard modulus carbon fibers. The Industrial Materials segment offers structural materials comprising industrial grade prepregs and structural/surfacing adhesives; and process materials, such as vacuum bagging, release films, and sealant tapes. The In Process Separation segment provides mining chemical products consisting of flotation promoters, collectors, frothers, dispersants and depressants, solvent extractants, flocculants, filter and dewatering aids, antiscalants, and defoamers; and phosphines comprising catalyst ligands, high purity phosphine gas, and biocides. The Additive Technologies segment offers polymer additives, such as ultraviolet light stabilizers and absorbers, high performance antioxidants, and antistatic agents; specialty additives, including acrylic acid stabilizers; and formulated resins comprising formulated high technology, specialty polyurethane, and epoxy resin systems. It operates in North America, Latin America, the Asia/Pacific, and Europe/the Middle East/Africa. The company markets its products through its sales forces, third-party distributors, and agents. Cytec Industries Inc. was founded in 1993 and is headquartered in Woodland Park, New Jersey.

4,600 Employees
Last Reported Date: 02/24/15
Founded in 1993

cytec industries inc (CYT) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $896.1K
Vice President of Corporate & Business Develo...
Total Annual Compensation: $598.2K
President of Cytec Aerospace Materials
Total Annual Compensation: $353.1K
Vice President, General Counsel and Secretary
Total Annual Compensation: $600.8K
Compensation as of Fiscal Year 2013.

cytec industries inc (CYT) Key Developments

Cytec To Continue Acquisitions In 2015

Dan Darazsdi, Vice President and Chief Financial Officer of Cytec Industries Inc. (NYSE:CYT) said in the fourth quarter earnings call that Cytec will continue using its cash reserves for maintaining the business, expanding capital to meet the growth objectives, bolt-on acquisitions, continue to improve the already strong balance sheet while maintaining debt over time, to provide dividends from sustainable operating cash flow, and to repurchase shares from excess free cash flow. We will continue to allocate our capital with a strong bias to maintaining our current investment grade credit rating.

Cytec Industries Inc. Declares Regular Quarterly Cash Dividend, Payable on February 25, 2015

Cytec Industries Inc. announced that the company's Board of Directors declared a regular quarterly cash dividend of $0.125 per share on the common stock of the company, payable on February 25, 2015 to shareholders of record as of February 10, 2015.

Cytec Industries Inc. Announces Earnings Results for the Fourth Quarter and Full Year of 2014; Provides Earnings Guidance for the Year 2015

Cytec Industries Inc. announced earnings results for the fourth quarter and full year of 2014. For the quarter, the company reported net loss attributable to company $29.3 million or $0.41 per diluted share. Net sales from continuing operations were $485 million. Loss from continuing operations was $28.0 million or $0.39 per diluted share. Included in the quarter for continuing operations are several special items that total $76.2 million of net income after-tax, or $1.05 per diluted share, which are outlined further in this release. Excluding these special items, earnings from continuing operations were $48.2 million or $0.66 per diluted share. For the fourth quarter of 2013, net earnings attributable to Cytec were $59.4 million or $0.81 per diluted share. Net sales from continuing operations were $480 million. Earnings from continuing operations for the fourth quarter of 2013 were $56.0 million or $0.77 per diluted share. Earnings from discontinued operations were $3.4 million or $0.04 per diluted share. Included in the quarter for continuing operations were several special items that totaled $14.0 million of net charges after-tax or $0.19 per diluted share. Excluding the special items, earnings from continuing operations were $41.9 million or $0.58 per diluted share. Cash flows provided by operating activities were $91 million. Capital spending for continuing operations in the quarter was $50 million. For the full year, capital spending for continuing operations was $221 million, with the majority related to manufacturing capacity expansions for Aerospace Materials and In Process Separation segments. Net earnings attributable to Cytec for the full year ended December 31, 2014 were $153.8 million or $2.09 per diluted share. Net sales from continuing operations were $2,008 million. Earnings from continuing operations were $144.1 million or $1.96 per diluted share. Earnings from discontinued operations were $9.7 million or $0.13 per diluted share. Excluding these special items, net earnings from continuing operations were $217.2 million or $2.96 per diluted share for twelve months ended December 31, 2014. For the fourth quarter of 2013, net earnings attributable to Cytec of $173.5 million or $2.16 per diluted share. Net sales from continuing operations were $1,935 million. Earnings from continuing operations were $171.7 million or $2.14 per diluted share. Earnings from discontinued operations were $2.2 million or $0.02 per diluted share. Excluding these special items, earnings from continuing operations were $192.9 million or $2.40 per diluted share. The company expectation for capital spending for the full year 2015 is estimated to be in a range of $170 million to $190 million. The forecasted effective tax rate reflected in its 2015 guidance is in a range between 30% and 31%. The full year guidance for 2015 adjusted diluted earnings per share is in a range between $3.10 and $3.30.

 

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Industry Analysis

CYT

Industry Average

Valuation CYT Industry Range
Price/Earnings 27.2x
Price/Sales 1.9x
Price/Book 3.1x
Price/Cash Flow 22.6x
TEV/Sales 1.5x
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