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KMG Chemicals Inc (KMG.N)

KMG.N on New York Stock Exchange

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28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

KMG to acquire Flowchem LLC
Monday, 24 Apr 2017 05:45pm EDT 

April 24 (Reuters) - KMG Chemicals Inc : :KMG to acquire Flowchem LLC.Transaction is expected to be highly accretive to EBITDA, margin and adjusted earnings per share.Says KMG will acquire Flowchem for a purchase price of $495 million in cash.Says deal price includes working capital of approximately $17 million.KMG Chemicals Inc says acquisition and associated transaction expenses will be funded with committed financing.KMG Chemicals - signed definitive agreement to acquire Flowchem, a manufacturer of pipeline performance products, from Arsenal capital partners.  Full Article

KMG Chemicals says files for mixed shelf offering of upto $200 mln
Friday, 7 Apr 2017 06:39am EDT 

KMG Chemicals Inc :KMG Chemicals Inc says files for mixed shelf offering of upto $200 million.  Full Article

KMG Q2 adjusted earnings per share $0.57
Monday, 13 Mar 2017 04:10pm EDT 

Kmg Chemicals Inc : Kmg reports second quarter 2017 financial results . Q2 adjusted earnings per share $0.57 . Q2 gaap earnings per share $0.53 . Sees fy 2017 sales about $315 million to $320 million . Kmg chemicals inc- raising our fiscal 2017 adjusted ebitda guidance to $51-53 million, up from our prior guidance of $47-49 million . Kmg chemicals inc- capital expenditures are forecast to be approximately $21 million for 2017 . Kmg chemicals inc says anticipate a positive impact in second half of fiscal year from recently acquired sealweld in our other chemicals segment . Qtrly gaap net sales $79.1 million versus $70.9 million . Q2 revenue view $73.7 million -- Thomson Reuters I/B/E/S .Q2 earnings per share view $0.42 -- Thomson Reuters I/B/E/S.  Full Article

KMG reports acquisition of Sealweld
Tuesday, 31 Jan 2017 04:30pm EST 

Kmg Chemicals Inc : Kmg announces acquisition of sealweld . KMG Chemicals Inc - deal for us$17.4 million . KMG Chemicals Inc- Sealweld is immediately accretive to kMG's adjusted ebitda and adjusted earnings per share . KMG Chemicals Inc - deal for for us$17.4 million .KMG Chemicals Inc - kMG drew on its revolving credit facility to finance acquisition.  Full Article

KMG Chemicals Q4 adjusted earnings per share $0.38
Thursday, 13 Oct 2016 04:15pm EDT 

KMG Chemicals Inc : KMG reports fourth quarter and full year 2016 financial results . Q4 adjusted earnings per share $0.38 . Q4 GAAP earnings per share $0.31 . Sees FY 2017 sales about $300 million to $305 million .Qtrly net sales $75,301 versus $ 75,993.  Full Article

KMG names Marcelino Rodriguez CFO
Monday, 27 Jun 2016 09:15am EDT 

KMG Chemicals Inc : KMG names Marcelino Rodriguez chief financial officer .Rodriguez replaces Mindy Passmor.  Full Article

KMG Chemicals reports Q3 adjusted earnings per share of $0.41
Thursday, 9 Jun 2016 04:15pm EDT 

Kmg Chemicals Inc - : FY sales forecast includes a projected negative foreign currency impact of approximately $6 million . FY capital expenditures are forecast to be less than $15 million, compared to our prior forecast of approximately $15 million . Forecast adjusted EBITDA will be at upper end of prior guidance range of $43-45 million for FY . KMG reports third quarter 2016 financial results . Q3 adjusted earnings per share $0.41 . Q3 GAAP earnings per share $0.53 . Sees FY 2016 sales about $300 million .Q3 sales $66.6 million versus $66.4 million.  Full Article

KMG Chemicals Inc announces acquisition of Nagase FineChem
Monday, 4 Apr 2016 04:15pm EDT 

KMG Chemicals Inc:Announces acquisition of nagase finechem.Says transaction will be accretive to adjusted EBITDA and adjusted diluted earnings per share starting in the first year.  Full Article

KMG Chemicals Inc declares quarterly dividend
Tuesday, 12 Jan 2016 04:30pm EST 

KMG Chemicals Inc:Declared a quarterly cash dividend of $0.03 per common share.Dividend is payable January 29, 2016 to shareholders of record January 25, 2016.  Full Article

KMG Chemicals gives FY 2016 guidance in line with analysts' estimates
Wednesday, 14 Oct 2015 04:55pm EDT 

KMG Chemicals:Sees FY 2016 consolidated net sales to be about $300 million, reflecting lower sales in the Other Chemicals segment due to the divestiture of the creosote business and a foreign currency impact.Says Excluding restructuring charges, FY 2016 adjusted EBITDA is forecast to be about $40-42 million.Fy 2016 revenue of $315 million and EBITDA of $41 million - Thomson Reuters I/B/E/S.  Full Article

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BRIEF-KMG reports acquisition of Sealweld

* KMG Chemicals Inc- Sealweld is immediately accretive to kMG's adjusted ebitda and adjusted earnings per share