Last $26.63 USD
Change Today +0.19 / 0.72%
Volume 361.7K
TAM On Other Exchanges
Symbol
Exchange
Munich
As of 8:04 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

taminco corp (TAM) Snapshot

Open
$26.33
Previous Close
$26.44
Day High
$26.80
Day Low
$26.33
52 Week High
09/15/14 - $26.96
52 Week Low
11/11/13 - $16.29
Market Cap
1.8B
Average Volume 10 Days
1.1M
EPS TTM
$0.45
Shares Outstanding
66.5M
EX-Date
--
P/E TM
59.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for TAMINCO CORP (TAM)

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taminco corp (TAM) Details

Taminco Corporation, together with its subsidiaries, produces and distributes alkylamines and alkylamine derivatives in the United States, Belgium, and internationally. The company operates through three segments: Functional Amines, Specialty Amines, and Crop Protection. The Functional Amines segment provides alkylamines products used as the integral element in chemical processes to produce formulated products applied in agriculture, personal an home care, animal nutrition, and oil and gas markets; and produces basic amines, which are used as building blocks to produce downstream derivatives for non-cyclical end-markets. The Specialty Amines segment sells alkylamine derivatives for use in the water treatment, personal and home care, oil and gas, and animal nutrition end-markets; and specialty additives for use in the pharmaceutical, industrial coatings, and metal working fluid end-markets to large and multinational enterprises. The Crop Protection segment sells alkylamine derivatives, active ingredients, and formulated products for use in the agriculture and crop protection end-markets to the multinational crop protection, agricultural enterprises, and large local farms. The company was formerly known as Taminco Acquisition Corporation. Taminco Corporation was founded in 2003 and is headquartered in Allentown, Pennsylvania.

851 Employees
Last Reported Date: 02/28/14
Founded in 2003

taminco corp (TAM) Top Compensated Officers

Chief Executive Officer, Director, Member of ...
Total Annual Compensation: $457.2K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $326.2K
Chief Operating Officer
Total Annual Compensation: $282.9K
Executive Vice-President of Functional Amines...
Total Annual Compensation: $260.0K
Chief Compliance Officer, Executive Vice Pres...
Total Annual Compensation: $290.0K
Compensation as of Fiscal Year 2013.

taminco corp (TAM) Key Developments

Eastman Chemical Co., Taminco Corporation - M&A Call

To discuss the acquisition agreement between the company and Taminco Corporation

Taminco Corporation Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Operating Results for the Second Quarter of Fiscal 2014; Re-Iterates Earnings Guidance for the Full Year of Fiscal 2014

Taminco Corporation announced consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company announced net sales of $370 million compared to $305 million for the same period a year ago. Operating income was $37 million compared to $1 million for the same period a year ago. Income before income taxes and equity in losses was $20 million compared to loss before income taxes and equity in losses of $35 million for the same period a year ago. Net income for the period was $14 million or $0.21 per basic and diluted share compared to net loss for the period of $13 million or $0.21 per basic and diluted share for the same period a year ago. EBITDA was $71 million compared to $17 million for the same period a year ago. Adjusted EBITDA was $77 million compared to $66 million for the same period a year ago. Net sales increase was primarily driven by strong growth in Specialty Amines and Crop Protection. Adjusted EBITDA was primarily due to strength in Specialty Amines, Crop Protection and the contribution of the Formic Acid business. Net debt totaled $978 million as of June 30, 2014. For the six months, the company announced net sales of $689 million compared to $615 million for the same period a year ago. Operating income was $69 million compared to $38 million for the same period a year ago. Income before income taxes and equity in losses was $35 million compared to loss before income taxes and equity in losses of $20 million for the same period a year ago. Net income for the period was $24 million or $0.36 per basic and diluted share compared to net loss for the period of $5 million or $0.09 per basic and diluted share for the same period a year ago. Net cash flows provided by operating activities was $93 million compared to $37 million for the same period a year ago. Purchase of property, plant and equipment was $54 million compared to $29 million for the same period a year ago. Purchase of intangible assets was $5 million compared to $3 million for the same period a year ago. EBITDA was $135 million compared to $83 million for the same period a year ago. Adjusted EBITDA was $147 million compared to $132 million for the same period a year ago. Free cash flow was $39 million and recurring free cash flow was $50 million. The company announced operating results for the second quarter of fiscal 2014. For the quarter, the company announced volume increased 25% year over year to 182,000 tons. The company re-iterated earnings guidance for the full year of fiscal 2014. The company reiterating full year adjusted EBITDA guidance of $290 million to $295 million on record second quarter of fiscal 2014 performance. Free cash flow generation is expected to be robust in the second half of the year, following the completion of the methylamine capacity expansion at the Pace facility. Total tangible capital expenditures for fiscal 2014 are expected to be $85 million.

Taminco Mulls Acquisitions

Taminco Corporation (NYSE:TAM) intends to pursue acquisitions. "We will continue to be active in terms of M&A, but with clear focus on bolt-on acquisition into our core markets, meaning alkylamines and formic acids. The fact that we have now two niches to look at increases the number of potential opportunities, but we continue to look at these bolt-on opportunities in a very disciplined way. At the moment, I'm not focusing on new adjacencies or transformational type of deals," Laurent Lenoir, Director and Chief Executive Officer of Taminco, said.

 

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TAM

Industry Average

Valuation TAM Industry Range
Price/Earnings 80.1x
Price/Sales 1.4x
Price/Book 3.2x
Price/Cash Flow 79.9x
TEV/Sales 0.5x
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