Last C$64.13 CAD
Change Today -0.14 / -0.22%
Volume 386.3K
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As of 4:00 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

methanex corp (MX) Snapshot

Open
C$64.44
Previous Close
C$64.27
Day High
C$64.61
Day Low
C$63.15
52 Week High
03/7/14 - C$81.24
52 Week Low
10/30/13 - C$57.50
Market Cap
6.0B
Average Volume 10 Days
770.3K
EPS TTM
C$4.73
Shares Outstanding
94.1M
EX-Date
09/12/14
P/E TM
12.1x
Dividend
C$0.99
Dividend Yield
1.53%
Current Stock Chart for METHANEX CORP (MX)

methanex corp (MX) Details

Methanex Corporation produces, supplies, and sells methanol to petrochemical producers and distributors in the Asia Pacific, North America, Europe, and South America. It also purchases and re-sells methanol produced by others on the spot market. The methanol is a liquid commodity chemical that is used in the production of traditional chemical derivatives, such as formaldehyde, acetic acid, and various other chemicals. The methanol is also used in various energy-related applications, such as blending into gasoline; and as a feedstock in the production of dimethyl ether and biodiesel, and methanol-to-olefins, as well as to produce methyl tertiary-butyl ether, a gasoline component. The company owns or manages a fleet of 18 ocean-going vessels to ship methanol, as well as lease or own in-region storage and terminal facilities. Methanex Corporation was founded in 1968 and is headquartered in Vancouver, Canada.

1,105 Employees
Last Reported Date: 03/11/14
Founded in 1968

methanex corp (MX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$750.3K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$499.5K
Senior Vice President of Corporate Developmen...
Total Annual Compensation: C$360.5K
Senior Vice President of Global Marketing & L...
Total Annual Compensation: C$360.5K
Compensation as of Fiscal Year 2013.

methanex corp (MX) Key Developments

Methanex Corporation Adopts Advance Notice By-Law

Methanex Corporation announced that its Board of Directors has approved the adoption of By-law No. 4. By-law No. 4 is a consolidation of By-laws Nos. 1, 2 and 3 and, in addition to certain amendments to the Company's existing by-laws, includes the adoption of an advance notice by-law (the 'Advance Notice By-Law'). By-laws Nos. 1, 2 and 3 have been repealed. The Advance Notice By-law establishes a framework for advance notice of nominations of directors by shareholders of the Company. Among other things, the Advance Notice By-law fixes a deadline by which shareholders must submit a notice of director nomination to the Company prior to any annual or special meeting of shareholders at which directors are to be elected. The Advance Notice By-law also sets forth the information that a shareholder must include in the notice for it to be valid. The Advance Notice By-law is similar to the advance notice by-laws adopted by many other Canadian public companies. The purpose of the Advance Notice By-law is to ensure that all shareholders, including those participating in a meeting by proxy rather than in person, receive adequate notice of the nominations to be considered at a meeting and can thereby exercise their voting rights in an informed manner. In addition, the Advance Notice By-law is intended to provide a reasonable framework for shareholders to nominate directors and should assist in facilitating an orderly and efficient meeting process. In the case of an annual meeting of shareholders, notice to the Company must be given not less than 30 and no more than 65 days prior to the date of the annual meeting. In the event that the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting is made, notice may be given not later than the close of business on the 10th day following the notice date. In the case of a special meeting of shareholders (which is not also an annual meeting), notice to the Company must be given not later than the close of business on the 15th day following the day on which the first public announcement of the date of the meeting is made. In addition to adopting the Advance Notice By-law, the Board of Directors of the Company has also adopted certain amendments to the Company's existing by-laws. The principal purpose of these amendments is to ensure that the Company's by-laws remain consistent with evolving corporate governance practices and the published guidelines of major proxy advisory firms. These amendments include increasing the quorum requirements for a directors' meeting to a majority of directors, and removing the casting vote previously granted to the chairman of directors' meetings. For shareholder meetings of the Company, the quorum has been increased to two or more persons holding or representing at least 25% of the eligible vote, respectively. By-law No. 4 is effective immediately. As required by the CBCA, shareholders of the Company will be asked to ratify and confirm the adoption of By-Law No. 4 at the next meeting of shareholders.

Methanex Corporation Presents at Scotiabank Fertilizer and Chemicals Conference 2014, Sep-23-2014 11:50 AM

Methanex Corporation Presents at Scotiabank Fertilizer and Chemicals Conference 2014, Sep-23-2014 11:50 AM. Venue: Toronto Board of Trade, 77 Adelaide St W, Toronto, Ontario, Canada. Speakers: John Floren, Chief Executive Officer, President and Director.

Methanex Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Methanex Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $792 million compared to $733 million for the same period a year ago. Operating income was $189.903 million compared to $73.304 million for the same period a year ago. Income before income taxes was $184.903 million compared to $67.401 million for the same period a year ago. Net income attributable to company was of $125 million compared to $54 million for the same period a year ago. Cash flow from operating activities was of $240.172 million compared to $125.749 million for the same period a year ago. Adjusted EBITDA was $160 million, compared to Adjusted EBITDA of $255 million reported in the first quarter of 2014 and $157 million reported in the quarter ended June 30, 2013. Adjusted net income was $91 million or $0.94 per diluted share compared to $99 million or $1.02 per diluted share for the second quarter of 2013. For six months, the company reported revenues of $1,760 million compared to $1,385 million for the same period a year ago. Operating income was $413.698 million compared to $167.391 million for the same period a year ago. Income before income taxes was $404.908 million compared to $145.696 million for the same period a year ago. Net income attributable to company was of $270 million compared to $114 million for the same period a year ago. Cash flow from operating activities was of $419.243 million compared to $243.428 million for the same period a year ago. Adjusted net income was $251 million or $2.59 per diluted share compared to $186 million or $1.94 per diluted share for the same period a year ago. Adjusted EBITDA was $415 million compared to $307 million for the same period a year ago.

 

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