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Last $74.07 USD
Change Today -0.01 / -0.01%
Volume 447.1K
As of 8:04 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

cytec industries inc (CYT) Snapshot

Open
$73.96
Previous Close
$74.08
Day High
$74.23
Day Low
$73.88
52 Week High
08/5/15 - $74.68
52 Week Low
10/15/14 - $42.17
Market Cap
5.3B
Average Volume 10 Days
1.4M
EPS TTM
$2.23
Shares Outstanding
71.5M
EX-Date
08/6/15
P/E TM
33.2x
Dividend
$0.50
Dividend Yield
0.68%
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: $950.0K
Chief Financial Officer and Vice President
Total Annual Compensation: $195.8K
Vice President of Corporate & Business Develo...
Total Annual Compensation: $410.8K
President of Cytec Aerospace Materials
Total Annual Compensation: $363.7K
Vice President, General Counsel and Secretary
Total Annual Compensation: $412.5K
Compensation as of Fiscal Year 2014.

cytec industries inc (CYT) Key Developments

Cytec Industries Announces Expansion in Wrexham

Cytec Industries Inc. announced create 50 highly-skilled jobs in Wrexham with a £65 million investment in a new manufacturing facility. The team drew up plans to fit the 7,000 sq metres facility, car parking and service park on the site and obtained outline planning approval. The site currently employs 230 people. This new facility - opposite their existing manufacturing plant on the Wrexham Industrial Estate - will supply their EU and Asia-Pacific customers and meet the growing demand globally for their products. Work is due to commence in September 2015.

Cytec Industries Inc. Declares Regular Quarterly Cash Dividend, Payable on August 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 August 25, 2015 to shareholders of record as of August 10, 2015.

Cytec Industries Inc. Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reaffirms Earnings Guidance for the Full Year 2015

Cytec Industries Inc. announced earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net earnings of $54.7 million or $0.75 per diluted share on net sales from continuing operations of $508 million. Earnings from continuing operations were $56.2 million or $0.77 per diluted share. Excluding the special items, net earnings from continuing operations were $59.6 million or $0.81 per diluted share. Net earnings for the second quarter of 2014 were $73.6 million or $1.00 per diluted share on net sales of $527 million. Earnings from continuing operations were $62.5 million or $0.85 per diluted share. Excluding the special items, net earnings from continuing operations were $62.7 million or $0.85 per diluted share. Cash flows provided by operating activities of continuing operations were $56.3 million in the second quarter 2015. Capital spending in the second quarter was $30 million. For the six months, the company's net earnings were $97.2 million or $1.33 per diluted share on net sales of $1,023 million. Earnings from continuing operations were $98.7 million or $1.35 per diluted share. Excluding the special items, earnings from continuing operations were $119.2 million or $1.63 per diluted share. Earnings from continuing operations for the six months ended June 30, 2014 were $118.4 million or $1.61 per diluted share on net sales of $1,016 million. Excluding the special items, earnings from continuing operations were $114.8 million or $1.56 per diluted share. Capital spending for the first half 2015 was $64 million. The company reaffirmed sits full year 2015 guidance for adjusted diluted earnings per share remains in a range between $3.15 and $3.35. The forecasted effective tax rate reflected in its 2015 guidance remains in a range between 30% and 31%. The company’s expectation for capital spending for the full year 2015 is now estimated to be in a range between $160 million to $180 million, down from its prior range of $170 to $190 million.

 

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Industry Analysis

CYT

Industry Average

Valuation CYT Industry Range
Price/Earnings 43.6x
Price/Sales 2.6x
Price/Book 4.2x
Price/Cash Flow 39.1x
TEV/Sales 2.2x
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