Last $48.94 USD
Change Today +0.19 / 0.39%
Volume 631.8K
CYT On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

cytec industries inc (CYT) Snapshot

Open
$49.48
Previous Close
$48.75
Day High
$49.51
Day Low
$48.82
52 Week High
07/18/14 - $54.63
52 Week Low
10/15/14 - $42.17
Market Cap
3.5B
Average Volume 10 Days
535.1K
EPS TTM
$3.26
Shares Outstanding
72.1M
EX-Date
11/6/14
P/E TM
15.0x
Dividend
$0.50
Dividend Yield
0.77%
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. 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
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
Vice President
Total Annual Compensation: $681.8K
Compensation as of Fiscal Year 2013.

cytec industries inc (CYT) Key Developments

Cytec Industries Inc. Announces Expiration and Final Results of its Tender Offer

Cytec Industries Inc. announced the expiration and final results of the previously announced tender offer for any and all of its outstanding 6.0% notes due 2015. The tender offer expired on November 12, 2014. The terms and conditions of the tender offer were described by Cytec in an offer to purchase and related letter of transmittal, each dated November 5, 2014. Cytec has accepted for purchase all Notes that were validly tendered and not subsequently validly withdrawn as of the expiration Time. Holders who validly tendered their notes on or prior to the expiration time and whose notes were accepted for purchase will receive $1,048.59 per $1,000 principal amount of notes subject to the terms and conditions set forth in the offer to purchase and related letter of transmittal.

Cytec Industries Inc. Announces Partial Redemption of its 8.95% Notes Due 2017

Cytec Industries Inc. announced that it is calling $82 million of its 8.95% Notes due 2017 (CUSIP 232820AH3 /ISIN US232820AH32) for redemption on December 5, 2014. The Notes called for redemption will be redeemed in cash at the redemption price as determined in the applicable indenture plus accrued and unpaid interest up to, but excluding, the Redemption Date. As of the close of business on November 4, 2014, there were $164,286,000 of Notes outstanding. The Depository Trust Company will select the Notes to be redeemed by lot in accordance with its operational arrangements. From the Redemption Date forward, the Notes called for redemption will no longer be deemed outstanding, interest will no longer accrue and holders will have no rights other than the right to receive the redemption price, without interest, upon surrender of the Notes. Payment of the redemption price will be made only upon presentation and surrender of the Notes to The Bank of New York Mellon, as the trustee and paying agent of the Notes, during its business hours at the address specified in the notice of redemption. The notice of redemption was distributed to holders of the Notes on November 5, 2014.

Cytec Industries Inc. Announces Redemption of its 6.0% Notes Due 2015

Cytec Industries Inc. announced that it is calling all of its 6.0% Notes due 2015 (CUSIP 232820AG5/ISIN US232820AG58) for redemption on December 5, 2014 to the extent not tendered and accepted pursuant to the tender offer announced earlier and to the extent outstanding on the Redemption Date. The Notes will be redeemed in cash at the redemption price as determined in the applicable indenture plus accrued and unpaid interest up to, but excluding, the Redemption Date. As of the close of business on November 4, 2014, there were $141,759,000 of Notes outstanding. From the Redemption Date forward, the Notes will no longer be deemed outstanding, interest will no longer accrue and holders will have no rights other than the right to receive the redemption price, without interest, upon surrender of the Notes. Payment of the redemption price will be made only upon presentation and surrender of the Notes to The Bank of New York Mellon, as the trustee of the Notes, during its business hours at the address specified in the notice of redemption. The notice of redemption was distributed to holders of the Notes on November 5, 2014.

 

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CYT

Industry Average

Valuation CYT Industry Range
Price/Earnings 15.7x
Price/Sales 1.8x
Price/Book 2.7x
Price/Cash Flow 13.7x
TEV/Sales 1.3x
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