Last $102.83 USD
Change Today -0.30 / -0.29%
Volume 24.9K
CYT On Other Exchanges
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As of 11:03 AM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

cytec industries inc (CYT) Snapshot

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07/1/14 - $107.07
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08/28/13 - $74.29
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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. It has strategic collaboration with Dralon GmbH to explore opportunities for industrial grade carbon fiber production. Cytec Industries Inc. was founded in 1993 and is headquartered in Woodland Park, New Jersey.

4,400 Employees
Last Reported Date: 02/21/14
Founded in 1993

cytec industries inc (CYT) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $896.1K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $681.8K
Vice President of Corporate & Business Develo...
Total Annual Compensation: $598.2K
Corporate Officer and President of Cytec Aero...
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 and Dralon Announce Strategic Collaboration to Explore Opportunities for Industrial Grade Carbon Fiber Production

Cytec Industries Inc. (CYT) announced that they have entered into strategic discussions with Dralon GmbH to support the exploration and development of large tow industrial grade carbon fiber. Demand for large tow carbon fiber is projected to grow significantly in the coming years, driven by increasing use in industrial markets such as automotive, whereby OEM manufacturers are actively researching the technology to help them achieve lighter-weight vehicles with greater fuel efficiency.

Cytec Industries Inc. Announces Management Changes, Effective from August 4, 2014

On June 24, 2014, Cytec Industries Inc. announced that its Board of Directors has elected Daniel G. Darazsdi as Vice President and Chief Financial Officer of the Company effective as of August 4, 2014. In this position, Daniel G. Darazsdi will report directly to the Chairman and CEO of the company and will be based at Corporate Headquarters in Woodland Park, New Jersey. In addition, Daniel G. Darazsdi will become a member of the Cytec Executive Leadership Team. Mr. David Drillock, Cytec's current Vice President and Chief Financial Officer announced in February 2014 his intention to retire by the end of the year. As a result of the Mr. Darazsdi's election, Mr. Drillock will resign his position as Chief Financial Officer on August 4, 2014 but will remain at Cytec for several months after that date to assist Mr. Darazsdi with a smooth leadership transition. Mr. Darazsdi will serve as the Company's principal financial and accounting officer. Prior to joining Cytec, Mr. Darazsdi had been Chief Financial Officer from 2007 to January 2014 of Pharmaceutical Product Development.

Cytec Industries Inc. Presents at Goldman Sachs Basic Materials Conference, May-21-2014 09:45 AM

Cytec Industries Inc. Presents at Goldman Sachs Basic Materials Conference, May-21-2014 09:45 AM. Venue: 200 West ST., New York, New York, United States. Speakers: David M. Drillock, Chief Financial Officer, Chief Accounting Officer and Vice President.


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Price/Earnings 17.8x
Price/Sales 1.9x
Price/Book 3.0x
Price/Cash Flow 17.8x
TEV/Sales 1.5x

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