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Axalta Releases Second Quarter Earnings Per Share Of $0.42

Thursday, 25 Jul 2019 06:45am EDT

July 25 (Reuters) - Axalta Coating Systems Ltd ::AXALTA RELEASES SECOND QUARTER 2019 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.52.Q2 EARNINGS PER SHARE $0.42.Q2 SALES $1.158 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.2 BILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.43 -- REFINITIV IBES DATA.STRATEGIC REVIEW PROCESS UNDERWAY, ANNOUNCED BY AXALTA'S BOARD OF DIRECTORS ON JUNE 19.AXALTA'S Q2 RESULTS WERE STRONG.SEES 2019 NET SALES DECLINE OF 2% AS-REPORTED.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $1.70 TO $1.90.AXALTA COATING SYSTEMS - SEES 2019 CAPEX OF $160 MILLION.FACED HEADWINDS SEEN MOST NOTABLY FROM CHINA'S LIGHT VEHICLE MARKETS IN QUARTER.AXALTA COATING SYSTEMS - SEES 2019 FREE CASH FLOW OF $430 MILLION - $470 MILLION.FY2019 EARNINGS PER SHARE VIEW $1.72, REVENUE VIEW $4.69 BILLION -- REFINITIV IBES DATA.ACTIVELY ENGAGED IN REVIEW PROCESS CURRENTLY.FOR BALANCE OF YEAR, WE SEE A MIX OF CONTINUED SELECTIVE END-MARKET VOLUME PRESSURE.AXALTA COATING - EXPECT ONGOING STABLE EXECUTION, EASING RAW MATERIAL HEADWINDS TO ENABLE TO ACHIEVE PROFITABILITY TARGET RANGES THAT WE SET IN JAN.EXPECT TO MEET OUR FULL YEAR GUIDANCE.

PPG Industries Creates Automotive OEM Services Organization

Thursday, 28 Mar 2019 10:16am EDT

March 28 (Reuters) - PPG Industries Inc ::PPG INDUSTRIES INC - PPG CREATES AUTOMOTIVE OEM SERVICES ORGANIZATION.PPG INDUSTRIES - NEW ORGANIZATION TO SERVE AS TECHNICAL SERVICE TOUCHPOINT SPANNING COMPLETE PRODUCT OFFERING FOR AUTOMOTIVE, COMMERCIAL VEHICLE OEMS.

Givaudan Enters Into Exclusive Negotiations To Acquire Albert Vieille

Friday, 14 Dec 2018 12:39am EST

Dec 14 (Reuters) - Givaudan SA ::GIVAUDAN MEDIA RELEASE: GIVAUDAN ENTERS INTO EXCLUSIVE NEGOTIATIONS TO ACQUIRE ALBERT VIEILLE SAS.AS PART OF ITS 2020 STRATEGY TO EXPAND CAPABILITIES OF ITS FRAGRANCE BUSINESS, GIVAUDAN TODAY ANNOUNCES THAT IT HAS ENTERED INTO EXCLUSIVE NEGOTIATIONS TO ACQUIRE ALBERT VIEILLE SAS.WHILE TERMS OF THE DEAL WILL NOT BE DISCLOSED, ALBERT VIEILLE’S BUSINESS WOULD HAVE REPRESENTED APPROXIMATELY EUR 30 MILLION OF INCREMENTAL SALES TO GIVAUDAN’S RESULTS IN 2017 ON A PROFORMA BASIS.GIVAUDAN PLANS TO FUND THE TRANSACTION FROM EXISTING RESOURCES.

African Oxygen Sees Fall In FY HEPS Due To Restructuring Cost, Impairment Of Assets

Thursday, 13 Dec 2018 12:06am EST

Dec 13 (Reuters) - African Oxygen Ltd ::JSE: AFX - TRADING STATEMENT.AFRICAN OXYGEN LTD - HEPS FOR FINANCIAL YEAR ENDING 31 DEC IS EXPECTED TO BE BETWEEN 150.5 CENTS AND 174.3 CENTS PER SHARE.AFRICAN OXYGEN LTD - EXPECTS DECREASE IN FY HEPS DUE TO RESTRUCTURING COST, IMPAIRMENT OF ASSETS AMONG OTHERS.AFRICAN OXYGEN LTD - RESULTS FOR CURRENT REPORTING PERIOD WILL DIFFER BY AT LEAST 20% FROM RESULTS OF PREVIOUS CORRESPONDING PERIOD.AFRICAN OXYGEN LTD - REVIEWED ITS OPERATING MODEL TO ENABLE CONTINUED GROWTH IN EARNINGS.

Changjiu Biochemical's Controlling Shareholder Plans Asset Restructuring Related To The Company

Tuesday, 20 Nov 2018 07:44am EST

Nov 20 (Reuters) - JiangXi ChangJiu Biochemical Industry Co Ltd <600228.SS>::SAYS CONTROLLING SHAREHOLDER PLANS ASSET RESTRUCTURING RELATED TO THE COMPANY.

Zibo Qixiang Tengda Chemical's Asset Restructuring Plan Is Underway, Share Trade To Resume

Tuesday, 13 Nov 2018 06:14am EST

Nov 13 (Reuters) - Zibo Qixiang Tengda Chemical Co Ltd <002408.SZ>::SAYS ITS ASSET RESTRUCTURING PLAN IS UNDERWAY, SHARE TRADE TO RESUME ON NOV 14.

Lecron Internet Media Industry's Share Trade To Halt Pending Regulator's Review Of Asset Acquisition

Tuesday, 13 Nov 2018 04:51am EST

Nov 13 (Reuters) - Lecron Internet Media Industry Co Ltd <300343.SZ>::SAYS SHARE TRADE TO HALT FROM NOV 14 PENDING REGULATOR'S REVIEW OF ITS ASSET ACQUISITION APPLICATION.

Ube Industries to integrate its separators business with consolidated subsidiary

Thursday, 1 Nov 2018 02:25am EDT

Nov 1(Reuters) - Ube Industries Ltd <4208.T>:Says the company will integrate its separators business for lithium-ion rechargeable batteries by a company split (simplified absorption-type split)..In the integration, Ube Industries will split off its separators business, which will be succeeded by Ube Maxell Co., Ltd., the company’s consolidated subsidiary .The integration will take effect on January 1, 2019.Upon integration, Ube Maxell will issue 49,600 ordinary shares to be delivered in entirety to Ube Industries in exchange for the rights and obligations subject to succession.

Nippon Carbide Industries to merge with wholly owned unit

Monday, 29 Oct 2018 03:15am EDT

Oct 29(Reuters) - Nippon Carbide Industries Co Inc <4064.T>:Says it plans to merge with a wholly owned printed circuit board unit .Merger effective Dec. 31.Says the unit will be dissolved after the merger .

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