Leadership Appointments, Earnings Report, Acquisitions, and Price Movements - Analyst Notes on IFF, Grace, Williams Partners, Chemtura, and Olin
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NEW YORK, March 5, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding International Flavors & Fragrances Inc. (NYSE: IFF), W.R. Grace & Co. (NYSE: GRA), Williams Partners L.P. (NYSE: WPZ), Chemtura Corporation (NYSE: CHMT), and Olin Corp. (NYSE: OLN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
International Flavors & Fragrances Inc. Analyst Notes
On February 20, 2014, International Flavors & Fragrances Inc. (IFF) announced the appointment of Matthias Haeni as the Company's Group President, Flavors effective April 1, 2014. Matthias Haeni joined IFF in 2007 in the role of Regional General Manager, Flavors Greater Asia. "It is with great pleasure that I announce the appointment of Matthias Haeni to the position of Group President, Flavors," said Doug Tough, Chairman and CEO of IFF. "We have achieved consistently strong volume and profit results in Flavors, EAME under his leadership and are excited to have someone with his experience and insights in this role." The full analyst notes on International Flavors & Fragrances Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03052014/IFF/report.pdf
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W.R. Grace & Co. Analyst Notes
On February 5, 2014, W.R. Grace & Co. (Grace) reported its Q4 2013 and full-year 2013 financial results. For the quarter, the Company reported sales of $776.7 million, down 2.6% YoY. Net income was $29.7 million, or $0.38 per diluted share, in Q4 2013, as compared to a net loss of $184.3 million, or $2.44 per diluted share, in Q4 2012. For full year 2013, sales were $3.1 billion, down 3.0% YoY. Net income totaled $256.1 million, or $3.30 per diluted share, compared to $40.0 million, or $0.52 per diluted share, in 2012. "Earnings finished as expected with strong results from Materials Technologies and Construction Products," said Fred Festa, Grace's Chairman and CEO. "Catalysts Technologies increased sales and earnings sequentially and completed the strategically important UNIPOL acquisition. We settled the remaining appeal in our Chapter 11 proceedings, secured our exit financing, and emerged from bankruptcy on February 3. I'm excited about the improved strategic position of our company and looking forward to solid earnings growth in 2014." The Company expects 2014 adjusted EBITDA to be in the range of $765 million to $805 million. The full analyst notes on W.R. Grace & Co. are available to download free of charge at:
http://www.AnalystsReview.com/03052014/GRA/report.pdf
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Williams Partners L.P. Analyst Notes
On March 3, 2014, William Partners L.P. (William Partners) announced that it has completed the acquisition of Williams' currently in-service Alberta, Canada operations for $1.2 billion. The assets include an oil sands offgas processing plant near Fort McMurray, approximately 260 miles of NGL and olefins pipelines, as well as an NGL/olefins fractionation facility and butylene/butane splitter facility at Redwater. Williams Partners also acquired an in-progress expansion project at the Redwater facility. Williams Partners expects the addition of these assets via this acquisition will be accretive to distributable cash flow, on a per-unit basis for the partnership's unitholders. The full analyst notes on William Partners L.P. are available to download free of charge at:
http://www.AnalystsReview.com/03052014/WPZ/report.pdf
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Chemtura Corporation Analyst Notes
On March 3, 2014, Chemtura Corporation's (Chemtura) stock declined 0.32% to end the day at $24.67, compared to the previous day's closing price at $24.75. Chemtura's stock went down 2.06% over the past three trading days, compared to the Dow Jones Industrial Average which decreased 0.19% during the same trading period. The full analyst notes on Chemtura Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03052014/CHMT/report.pdf
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Olin Corp. Analyst Notes
On March 3, 2014, Olin Corp. (Olin) stock increased 0.11% to end the day at $26.22, compared to the previous day's closing price at $26.19. The Company's stock went up 1.19% over the past three trading days, compared to the Dow Jones Industrial Average which decreased 0.19% during the same trading period. The full analyst notes on Olin Corp. are available to download free of charge at:
http://www.AnalystsReview.com/03052014/OLN/report.pdf
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