Divestitures, Cash Dividends, Strong Cost Management, and Expanding Operating Capacities - Research Report on Rockwood, Olin, PolyOne, NewMarket, and Methanex

News provided by

Aug 01, 2013, 08:00 ET

NEW YORK, August 1, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Analysts' Corner announced new research reports highlighting Rockwood Holdings, Inc. (NYSE: ROC), Olin Corp. (NYSE: OLN), PolyOne Corporation (NYSE: POL), NewMarket Corp. (NYSE: NEU), and Methanex Corp. (NASDAQ: MEOH). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Rockwood Holdings, Inc. Research Report

On July 28, 2013, Rockwood Holdings, Inc. (Rockwood) announced that it has signed a definitive agreement with Atlanta Group to sell its Clay Based Additives business for $635 million, subject to customary adjustments. Seifi Ghasemi, Rockwood's Chairman and CEO, said, "The sale of Clay Based Additives is another step forward in the implementation of our long term business strategy to maximize shareholder value. I want to thank our Clay Based Additives management team and employees for their dedication and execution over the past few years during a challenging macroenvironment." According to Rockwood, the expected timing for the closure of this sale is Q4 2013. The Full Research Report on Rockwood Holdings, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/23c3_ROC]

Olin Corp. Research Report

On July 25, 2013 Olin Corp. (Olin) reported its Q2 2013 financial results with sales up by 28.2% YoY to $652.2 million and net income of $43.7 million, or $0.54 per diluted share, down compared to $47.6 million, or $0.59 per diluted share, in Q2 2012. Joseph D. Rupp, Chairman, President, and CEO, said, "During the second quarter of 2013, Olin generated $108.7 million of adjusted EBITDA, which is the highest second quarter level in the history of the company. The record adjusted EBITDA was driven by strong volumes and reduced costs in the Winchester business." The Company now anticipates full-year 2013 adjusted EBITDA in the range of $425 million to $460 million and net income to be in the range of $0.65 to $0.70 per diluted share. The Full Research Report on Olin Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/c3d4_OLN]

PolyOne Corporation Research Report

On July 23, 2013, PolyOne Corp. (PolyOne) announced that its Board of Directors has approved a quarterly cash dividend of $0.06 per share on the outstanding common stock. According to PolyOne, the dividend is payable on October 3, 2013, to shareholders of record as on September 13, 2013. The Full Research Report on PolyOne Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/560b_POL]

NewMarket Corp. Research Report

On July 18, 2013, NewMarket Corp. (NewMarket) announced that its Board of Directors has declared a quarterly dividend amounting to $0.90 per share in its common stock. According to the Company, the dividend is payable on October 1, 2013 to shareholders of record as on September 16, 2013. The Full Research Report on NewMarket Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/8042_NEU]

Methanex Corp. Research Report

On July 24, 2013, Methanex Corp. (Methanex) reported its Q2 2013 financial results with adjusted EBITDA of $157 million compared to $113 million in Q2 2012. Adjusted net income totaled $99 million or $1.02 per diluted share versus $88 million or $0.92 per diluted share in Q1 2013. John Floren, President and Chief Executive Officer of Methanex, commented, "The higher methanol pricing environment in the second quarter contributed to stronger EBITDA and earnings. Entering the third quarter, we continue to move forward on a number of growth projects. These projects are expected to expand our annual operating capacity by approximately three million tonnes over the next three years, representing a 60% capacity increase." He added, "We are making solid progress on our initiatives in both New Zealand and Medicine Hat, which will add up to one million tonnes of annual production capacity by the end of 2013. Our project to relocate the first one million tonne plant from Chile to Geismar, Louisiana is on track to be completed by the end of 2014 with the second one million tonne plant in Geismar expected to be operational in early 2016." The Full Research Report on Methanex Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b01f_MEOH]

----

EDITOR NOTES:

This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
For any urgent concerns or inquiries, please contact us at [email protected].
Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

http://AnalystsCorner.com

SOURCE Analysts' Corner