Saliva Collection Kit,Cortisol Saliva Collection Kit,Dna Genotek Saliva Collection Kit,Assisted Saliva Collection Kit Ningbo Dasky Life Science/ Eralab Scientific Instrument(HK)Co., Limited. , https://www.daskyswab.com
According to the third-quarter performance data released by Cytec Industries, a US-based chemical manufacturer, the company’s net profit was US$ 12.5 million in the quarter, although it was not comparable to the net profit of US$ 46.3 million in the same period of last year, but it was the second year this year. The quarterly loss of $25 million has changed considerably. Shane Fleming, CEO of Cytec Industries, stated that the company’s sales growth in the third quarter relative to the second quarter showed positive factors in the current re-stocking of the specialty chemicals market. Cytec Industries has raised its profit forecast for the full year from 60 to 90 cents/share to 80 to 100 cents/share.
The third quarter earnings report released by the US paint giant PPG Industries is also encouraging. In the third quarter, the company's adjusted earnings per share was 97 cents, which was higher than the analysts' consensus forecast of 89 cents/share. Charles Punch, Chairman and CEO of PPG Industries, attributed the main factors of performance improvement to the implementation of cost control measures and improved demand conditions.
The third-quarter performance reports from global leading manufacturers and sellers of adhesives, sealants, coatings and other specialty chemical products, HB Fuller and Omnova Solutions, are also encouraging. Fuller’s third-quarter earnings per share reached 72 cents, far higher than analysts had previously estimated 36 cents per share; Honor’s third-quarter earnings per share were 23 cents, also higher than expected. 8 cents.
There are some companies whose third-quarter earnings report has not yet been announced, but people believe that their performance data will be better than expected. The most prominent of these will be Lubrizol Corporation. Analysts generally expect the company's third-quarter earnings to increase significantly. A consulting company even expects Lubrizol’s earnings per share to reach $2.14 in the third quarter, more than double the revenue of the same period last year. It is because of the favorable changes in the market situation in the third quarter that led to a significant increase in performance. The Lubrizol Corporation recently raised its profit forecast for the full year.
Deutsche Bank raised the third quarter and full year profit targets for Cytec Industries, Dow Chemical, Lubrizol and PPG Industries. The continued growth of product sales, lower operating costs, stable product sales prices, and stable raw material costs are the main reasons for Deutsche Bank to increase the profit forecast of these companies.
"We believe that the chemical business has bottomed out in the first half of this year, and the current market demand has begun to recover. At the same time, the cost of chemical companies, including fixed costs and input costs, has dropped, so we are profitable," said Kris Shaw, chemical analyst at Ticonderoga Securities in New York. There will be a quick rebound."
However, some fertilizer companies have not yet shaken off the shadow of sluggish demand. Due to the weak demand for phosphate fertilizer and potash fertilizer, the profit of Mosaic from June 1 to August 31 fell by 91% year-on-year to US$100.6 billion. Potash Corp. recently announced that the third quarter The company's earnings per share will be located at the low end of the 0.8 to 1.2 US dollar forecast range, while at the same time reducing its full-year earnings forecast from the previous 4 to 5 US$/share to 3.25 to 3.75 US$/share; Agrium also adjusts The third-quarter profit forecast was down, mainly due to the fall in both fertilizer prices and sales. Analysts expect the company's third-quarter earnings per share to be 80 cents, compared with the company's earnings per share of $2.31 for the same period last year.
Catalyst giant Yabao expects third-quarter earnings per share to fall by 9 cents/share from its forecast. According to reports, the profits of the company's polymer additives and fine chemicals business will decline by 45% and 55% respectively year-on-year. In addition, Jefferies downgraded its third-quarter earnings targets for Cabot and Koppers.
Looking ahead, analysts are cautious about the profitability of the commodity chemicals business in the fourth quarter. Deutsche Bank said that compared to the third quarter, global GDP growth will slow in the fourth quarter, while chemical producers are avoiding the establishment of excessive inventories, and the demand for petrochemical products is expected to slow down in the fourth quarter.
American Chemical Company Sees Recovery
One year after the outbreak of the global financial crisis, people saw the dawn of economic recovery. Most American chemical companies are expected to produce better-than-expected third-quarter results, but some chemical companies are still struggling at the bottom of earnings.