axiall corp (AXLL) Key Developments
Dow Reportedly Mulls To Sell Its Epoxy And Chlorine Businesses
Sep 25 14
The Dow Chemical Company (NYSE:DOW) has kicked off a process to sell its epoxy and chlorine businesses, hoping to find a single buyer for them in what is set to be a multibillion-dollar deal, according to people familiar with the matter. Dow has hired Goldman Sachs Group Inc and Barclays Plc to manage the process, the people said this week, adding that calls to potential buyers began this week. Logical buyers might include companies in the sector such as Axiall Corporation (NYSE:AXLL), Westlake Chemical Corp. (NYSE:WLK) and Apollo Global Management, LLC (NYSE:APO), the people said. Representatives for Axiall and Westlake did not respond to requests for comment, while Apollo declined to comment.
Axiall Corporation Presents at RBC Capital Markets 2014 Global Industrials Conference, Sep-10-2014 11:30 AM
Sep 3 14
Axiall Corporation Presents at RBC Capital Markets 2014 Global Industrials Conference, Sep-10-2014 11:30 AM. Venue: The Mandarin Oriental Hotel, 3752 Las Vegas Blvd, Las Vegas, Nevada, United States. Speakers: Gregory C. Thompson, Chief Financial Officer and Principal Accounting Officer.
Axiall Corporation Declares Quarterly Dividend, Payable on October 10, 2014
Aug 13 14
The Board of Directors of Axiall Corporation declared a regular quarterly dividend of 16 cents per share of common stock. The dividend is payable October 10, 2014, to shareholders of record at the close of business on September 26, 2014.
Axiall Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Capital Expenditure Guidance for the Year of 2014; Reports Long-Lived Asset Impairment Charges for the Second Quarter Ended June 30, 2014
Aug 5 14
Axiall Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $1,236.9 million compared to $1,272.8 million a year ago. Operating income was $58.4 million compared to $124.6 million a year ago. Income before income taxes was $39 million compared to $105.5 million a year ago. Net income attributable to the company was $27.2 million or $0.38 per diluted share compared to $72.8 million or $1.03 per diluted share a year ago. Net cash provided by operating activities was $38 million compared to $70 million a year ago. Capital expenditures were $44.7 million compared to $39.2 million a year ago. Adjusted EBITDA was $128.1 million compared to $197.9 million a year ago. The company reported adjusted net income of $33.5 million and a djusted earnings per share of $0.48 compared to adjusted net income of $84.0 million and adjusted earnings per share of $1.19 for the second quarter of 2013. Second-quarter results were primarily impacted by lower ECU values and the unplanned outage at PHH VCM facility.
For the six months, the company reported net sales of $2,230.6 million compared to $2,334 million a year ago. Operating income was $58 million compared to $195.8 million a year ago. Income before income taxes was $20.7 million compared to $103.5 million a year ago. Net income attributable to the company was $15.6 million or $0.32 per diluted share compared to $69.3 million or $0.16 per diluted share a year ago. Net cash provided by operating activities was $16.2 million compared to net cash used in operating activities of $34.8 million a year ago. Capital expenditures were $87.7 million compared to $55.6 million a year ago. Adjusted EBITDA was $195.8 million compared to $331.3 million a year ago. Adjusted net income was $28.2 million or $0.40 per diluted share compared to $129.1 million or $1.98 per diluted share a year ago.
For full year 2014, the company expects an effective tax rate between 25% and 30%. For 2014, the company expects to invest about $200 million in total capital expenditures for maintenance and organic growth projects.
The company reported long-lived asset impairment charges, net of $0.1 million for the second quarter ended June 30, 2014.
Axiall Corporation to Report Q2, 2014 Results on Aug 05, 2014
Jul 29 14
Axiall Corporation announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 05, 2014