Quarterly Results, New Products, Cash Tender Offers, and Divestitures - Research Report on Flotek, H.B. Fuller, PolyOne, Chemtura, and OM Group
NEW YORK, July 2, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Wall Street Reports announced new research reports highlighting Flotek Industries, Inc. (NYSE: FTK), H.B. Fuller Company (NYSE: FUL), PolyOne Corporation (NYSE: POL), Chemtura Corporation (NYSE: CHMT), and OM Group, Inc. (NYSE: OMG). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Flotek Industries, Inc. Research Report
On June 25, 2013, Flotek Industries, Inc. (Flotek) announced that it has filed a Registration Statement with the US Securities and Exchange Commission in conjunction with the Flotek common stock issued to the former shareholders of Florida Chemical Company, Inc. (Florida Chemical). The Registration Statement registers the resale of approximately 3.3 million shares of Flotek common stock that were issued in a private placement related to the Company's acquisition of Florida Chemical, as required by the acquisition agreement. According to Flotek, the Registration Statement is not to be used for resales of such shares until declared effective. The Full Research Report on Flotek Industries, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/f889_FTK]
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H.B. Fuller Company Research Report
On June 26, 2013, H.B. Fuller Company (H.B. Fuller) announced financial results for Q2 FY 2013 (period ended June 1, 2013). The Company reported Q2 FY 2013 net income of $25.9 million, or $0.51 per diluted share, compared with $5.1 million, or $0.10 per diluted share, in Q2 FY 2012. Net revenue for Q2 FY 2013 was $519 million, down 1.5% YoY, primarily due to foreign currency translation and lower volume, which were partially offset by higher average selling prices. The Company reported a decline of 1.2% YoY in organic revenue. "While we did not deliver the organic growth we expected in the quarter, we managed our margins well, took another step toward completion of the business integration plan and reduced discretionary spending to deliver on our commitments," said Jim Owens, President and CEO of H.B. Fuller. For the full-year FY 2013, the Company expects earnings in the range of $2.55 to $2.65 per diluted share. The Full Research Report on H.B. Fuller Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/6275_FUL]
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PolyOne Corporation Research Report
On June 20, 2013, PolyOne Corporation (PolyOne) introduced its second generation of Wilflex Oasis water-based inks. The Company stated that Wilflex Oasis inks have long screen life and are production-friendly to improve operational efficiencies, increase design quality, and meet regulatory and performance requirements. "With this technology, we are responding to our customers' needs for greater productivity, high-end looks, and regulatory compliance," said Scott Craig, General Manager of PolyOne Specialty Inks and Polymers Systems. PolyOne stated that Wilflex Oasis offerings include discharge inks, soft hand inks, and high solid inks. 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.wsreports.com/r/full_research_report/5c0f_POL]
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Chemtura Corporation Research Report
On June 24, 2013, Chemtura Corporation (Chemtura) announced that it has received the requisite consents to adopt proposed amendments to the identure governing the Notes that would eliminate substantially all of the restrictive covenants, certain events of default, and related provisions contained therein. The consents are pursuant to the Company's previously announced cash tender offer and consent solicitation with respect to all of its 7.9% Senior Notes due 2018 aggregating to an outstanding amount of $455 million. Chemtura also announced that as of June 21, 2013, tenders and consents had been delivered regarding the $348.3 million aggregate principal amount of Notes, representing about 76.6% of the outstanding aggregate principal amount of Notes. The Full Research Report on Chemtura Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/5376_CHMT]
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OM Group, Inc. Research Report
On June 3, 2013, OM Group, Inc. (OM Group) announced the completion of the previously announced divestiture of its Ultra Pure Chemicals (UPC) business to KMG Chemicals, Inc (KMG).OM Group's UPC business was included in its Specialty Chemicals segment. The Company received net cash consideration of approximately $63 million, including an amount for working capital, upon the closing of the transaction and used these proceeds to continue to pay down its outstanding debt. The sale was announced on April 29, 2013, demonstrating OM Group's intention to optimize its portfolio. The Full Research Report on OM Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/138a_OMG]
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SOURCE Wall Street Reports
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