Last $25.25 USD
Change Today -0.25 / -0.98%
Volume 388.4K
As of 8:04 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

chemtura corp (CHMT) Snapshot

Open
$25.29
Previous Close
$25.50
Day High
$25.54
Day Low
$25.17
52 Week High
12/31/13 - $28.17
52 Week Low
08/29/13 - $21.79
Market Cap
2.4B
Average Volume 10 Days
434.4K
EPS TTM
$0.81
Shares Outstanding
96.1M
EX-Date
--
P/E TM
31.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for CHEMTURA CORP (CHMT)

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chemtura corp (CHMT) Details

Chemtura Corporation, together with its subsidiaries, develops, manufactures, and markets performance-driven engineered specialty chemicals primarily for industrial manufacturing customers. The company operates through Industrial Performance Products, Industrial Engineered Products, and Chemtura AgroSolutions segments. The 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 that are engineered to provide performance properties in 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, such as wood floor finishes, glass fiber coatings, and textile treatments. The 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. The Chemtura AgroSolutions segment provides seed treatments, fungicides, miticides, insecticides, growth regulators, and herbicides. It serves various industries, such as agriculture, automotive, construction, electronics, lubricants, packaging, durable and non-durable goods plastics, and transportation. The company was founded in 1900 and is headquartered in Philadelphia, Pennsylvania.

3,300 Employees
Last Reported Date: 02/24/14
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: $438.5K
Executive Vice President, General Counsel and...
Total Annual Compensation: $410.9K
Executive Vice President of Human Resources &...
Total Annual Compensation: $372.0K
Compensation as of Fiscal Year 2013.

chemtura corp (CHMT) Key Developments

Platform Specialty Seeks Acquisitions

Platform Specialty Products Corporation (NYSE:PAH) is looking for acquisitions. Platform Specialty Products Corporation intends to use the net proceeds from the $200 million private placement to support future growth and for working capital and other general corporate purposes, which may include Platform Specialty Products Corporation's previously-announced proposed acquisition of Chemtura AgroSolutions owned by Chemtura Corporation (NYSE:CHMT), if completed and the possible acquisition of other businesses.

Chemtura Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Tax Rate Guidance for 2014

Chemtura Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, net sales were $556 million compared to $528 million a year ago. Operating income was $22 million against $2 million a year ago. Earnings from continuing operations before income taxes was $13 million compared to loss from continuing operations before income taxes of $11 million a year ago. Earnings from continuing operations were $10 million or $0.10 per basic and diluted share compared to loss from continuing operations of $18 million or $0.18 per basic and diluted share a year ago. Net earnings was $6 million or $0.06 basic and diluted per share compared to net loss of $23 million or $0.23 basic and diluted per share a year ago. Net cash used in operating activities was $50 million compared to $75 million a year ago. Capital expenditures were $23 million compared to $49 million a year ago. Adjusted EBITDA was $57 million compared to $68 million a year ago. Operating income increase was primarily due to a $10 million increase in gross profit and a $12 million decrease in facility closures, severance and related costs, partly offset by a $2 million increase in other costs. Consolidated net sales were driven by higher sales volume of $31 million, offset by lower selling prices of $1 million and unfavorable foreign currency translation of $2 million. In 2014, the company is continuing to apply an estimated managed basis tax rate of 31% until such time as the company has evaluated the impact the sale of Chemtura AgroSolutions will have on managed basis tax rate.

Industrial Engineered Products Announces Sales Results for the First Quarter of 2014

Industrial Engineered Products announced sales results for the first quarter of 2014. The company reported net sales increased $9 million to $208 million, due to a $13 million increase in sales volume and a $1 million favourable currency translation which was offset by $5 million in lower selling prices for products.

 

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Industry Analysis

CHMT

Industry Average

Valuation CHMT Industry Range
Price/Earnings 100.0x
Price/Sales 1.1x
Price/Book 2.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.6x
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