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KMG Chemicals Inc (KMG.N)

KMG.N on New York Stock Exchange

51.66USD
21 Jul 2017
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Latest Key Developments (Source: Significant Developments)

KMG Chemicals Inc enters into a new credit agreement
Thursday, 15 Jun 2017 04:47pm EDT 

June 15 (Reuters) - KMG Chemicals Inc ::KMG Chemicals Inc - on June 15, 2017, co entered into a new credit agreement .KMG Chemicals-credit agreement provides for 7 year syndicated senior secured term loan of $550 million, 5year senior secured revolving credit facility of $50 million.KMG Chemicals Inc - credit agreement and related loan documents replace the company’s prior second amended and restated credit agreement.KMG Chemicals Inc - prior credit facility, and all commitments thereunder, were terminated effective June 15, 2017.KMG Chemicals Inc - proceeds from the term loan under the credit agreement was used to finance the acquisition of Flowchem Holdings LLC, related costs.KMG Chemicals Inc - proceeds from tern loan also used to repay in full $31 million outstanding indebtedness under prior credit facility.  Full Article

KMG Chemicals reports Q3 GAAP earnings per share of $0.49
Friday, 9 Jun 2017 07:30am EDT 

June 9 (Reuters) - KMG Chemicals Inc ::KMG reports third quarter 2017 financial results.Q3 adjusted earnings per share $0.53.Q3 gaap earnings per share $0.49.Q3 sales for electronic chemicals segment rose 2.3 percent to $68.1 million.Says "Looking ahead, our acquisition of Flowchem remains on track to close in mid-June".In quarter ‍experienced good sales growth in wood treating chemicals business, severe weather stimulated demand for replacement utility poles treated with penta​.Qtrly ‍net sales $81.6 million versus $ 75.2 million​.  Full Article

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

BRIEF-KMG Chemicals Inc enters into a new credit agreement

* KMG Chemicals Inc - on June 15, 2017, co entered into a new credit agreement