Core Viewpoint - Methanex (MEOH) is positioned well to continue its trend of beating earnings estimates, with a strong history of surprises in recent quarters [1][5]. Earnings Performance - In the last reported quarter, Methanex achieved earnings of $1.24 per share, surpassing the Zacks Consensus Estimate of $1.01 per share, resulting in a surprise of 22.77% [2]. - In the previous quarter, the company was expected to earn $0.44 per share but delivered $1.21 per share, leading to a significant surprise of 175% [2]. Earnings Estimates and Predictions - Methanex has a positive Earnings ESP (Expected Surprise Prediction) of +4.74%, indicating that analysts have recently become more optimistic about the company's earnings prospects [8]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a high likelihood of another earnings beat in the upcoming report [8]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7].

Company Overview - Methanex (MEOH) shares increased by 17.1% to close at $30.29, following a significant trading volume compared to typical sessions, despite a 29.2% loss over the past four weeks [1] - The company is expected to report quarterly earnings of $1.28 per share, reflecting a year-over-year increase of 96.9%, with revenues projected at $1.04 billion, up 13.6% from the previous year [2] Earnings Estimates - The consensus EPS estimate for Methanex has been revised down by 20.2% over the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [3] - In contrast, Innospec (IOSP), another company in the same industry, has an unchanged EPS estimate of $1.39, representing a 20.6% decrease from the previous year [4] Industry Context - Methanex is part of the Zacks Chemical - Diversified industry, which has seen a rally in material stocks following President Trump's announcement of a 90-day pause on reciprocal tariffs for most nations [1] - Innospec, also in the same industry, experienced a 7.8% increase in its stock price, closing at $89.88, but has returned -16.5% over the past month [3]

Core Viewpoint - The Schall Law Firm is investigating Methanex Corporation for potential violations of securities laws related to misleading statements and undisclosed information impacting investors [1][2]. Group 1: Investigation Details - The investigation centers on whether Methanex issued false or misleading statements or failed to disclose critical information to investors [2]. - Methanex announced an unplanned outage at its 1.8 million tonne methanol plant, Geismar 3, in Louisiana, which occurred in late February 2025 [2]. - Following the announcement, Methanex's shares dropped by 12.9% on March 10, 2025, due to analyst downgrades [2]. Group 2: Company Background - Methanex Corporation is a significant player in the methanol production industry, with a notable facility in Geismar, Louisiana [2]. - The company is currently working on repairs to the autothermal reformer (ATR) at the affected plant, with an estimated startup date projected for early May 2025 [2].

Core Viewpoint - Methanex Corporation is under investigation for potential securities fraud and unlawful business practices following an unplanned outage at its Geismar 3 methanol plant, which has led to a significant stock price decline [1][2][3]. Group 1: Company Operations - Methanex announced that its Geismar 3 methanol plant in Louisiana experienced an unplanned outage in late February 2025, prompting management to undertake repairs to the autothermal reformer (ATR) [2]. - The company estimates that the plant will restart by early May 2025 after completing various inspections and repairs [2]. Group 2: Market Reaction - Following the announcement of the outage, Methanex's stock price fell by $5.45 per share, representing a 12.9% decrease, closing at $36.80 per share on March 10, 2025 [3]. - Scotiabank downgraded Methanex's stock rating from Sector Outperform to Sector Perform in response to the outage news [2]. Group 3: Legal Investigation - Pomerantz LLP is investigating claims on behalf of Methanex investors regarding possible securities fraud or other unlawful business practices by the company and its officers or directors [1].

Core Insights - Methanex Corporation's Geismar 3 plant experienced an unplanned outage in late February, impacting second-quarter financial results due to lower methanol sales, although repair costs are not expected to be significant [1] - The plant is projected to restart by early May 2025 after inspections and repairs, with planned maintenance work being expedited [2] - Methanex's production guidance for 2025 is approximately 7.5 million tons, excluding additional production from OCI assets post-acquisition [3] Financial Performance - A significant increase in adjusted EBITDA is anticipated in the first quarter of 2025 compared to the fourth quarter, with produced sales expected to align with fourth quarter 2024 levels and a higher average realized price [4] - The expected average realized price for methanol is projected to be between $395 to $405 per ton for January and February [4] Market Position - Methanex currently holds a Zacks Rank of 3 (Hold), while competitors such as Ingevity Corporation, Carpenter Technology Corporation, and ArcelorMittal have higher rankings [5] - Ingevity has a current-year earnings estimate of $4.45 per share, with a notable earnings surprise average of 202.9% over the past four quarters [6] - Carpenter Technology's earnings estimate is $6.95 per share, with a consistent record of beating estimates and a share price increase of 168.7% in the past year [7] - ArcelorMittal's earnings estimate stands at $3.72 per share, with a mixed record of surpassing estimates [8]

Core Viewpoint - Methanex Corporation's Geismar 3 methanol plant in Louisiana experienced an unplanned outage, with repairs expected to be completed by early May 2025, impacting second quarter financial results due to lower methanol sales [1][2]. Group 1: Plant Operations - The Geismar 3 plant has a production capacity of 1.8 million tonnes of methanol [1]. - Management has decided to repair the autothermal reformer (ATR) during the outage, which will allow for the completion of other planned maintenance work [2]. - The outage is anticipated to primarily affect the second quarter financial results due to reduced methanol sales [2]. Group 2: Financial Impact - The cost of repairs is not expected to be material, indicating that the financial burden from the outage may be limited [2]. - The previously budgeted three-week outage for planned maintenance is no longer expected to be required, suggesting potential operational efficiencies [2]. Group 3: Company Overview - Methanex is the world's largest supplier of methanol and is publicly traded on the Toronto Stock Exchange and Nasdaq [3]. - The company is headquartered in Vancouver, British Columbia, and operates globally [3].

Core Insights - Methanex Corporation released its 2024 Sustainability Report, highlighting progress on sustainability topics relevant to the company and its stakeholders [1] - The company achieved its best-ever safety performance in 2024, ranking in the top ten percent for safety among members of the American Chemistry Council's Responsible Care [2] - Methanex is recognized as the world's largest producer and supplier of methanol, contributing to sustainable solutions and improving everyday life [2][3] Company Overview - Methanex is a publicly traded company based in Vancouver, Canada, and is the largest global supplier of methanol [3] - The company's shares are listed on the Toronto Stock Exchange under the symbol "MX" and on the Nasdaq under "MEOH" [3] - Methanex emphasizes its commitment to safety, environmental impact reduction, and community contributions in its sustainability efforts [2]

ethanex Annual Report TABLE OF CONTENTS | 2 | 2024 Financial Highlights | | --- | --- | | 3 | President's Message to Shareholders | | 5 | Chair's Message to Shareholders | | 6 | Management's Discussion and Analysis | | 49 | Consolidated | | | Financial Statements | | 54 | Notes to Consolidated | | | Financial Statements | Methanex Corporation is the world's largest producer and supplier of methanol and serves customers in Asia Pacific, North America, Europe and South America. Our methanol production sites a ...

Core Insights - Methanex's Q4 2024 earnings report showed a net income of $45 million, or 67 cents per share, an increase from $33 million, or 50 cents per share, in the prior year [2] - Adjusted earnings per share rose to $1.24 from 52 cents year-over-year, surpassing the Zacks Consensus Estimate of $1.01 [2] - Net sales for Q4 were $949 million, missing the Zacks Consensus Estimate of $1,023.7 million, but showing a 3% growth from the previous year [3] Financial Performance - Adjusted EBITDA for the quarter increased by 105.7% year-over-year to $216 million [3] - Production in Q4 was 1,868,000 tons, up approximately 5% year-over-year, driven by higher output in Chile, New Zealand, Geismar, and Egypt [4] - The average realized price per ton of methanol rose to $370, compared to $356 in the previous quarter and $322 in the year-ago quarter, attributed to stable global demand amid tight market conditions [5] Full Year Results - For FY24, net sales were $3,720 million, slightly down from $3,723 million in FY23, while adjusted earnings per share increased to $3.72 from $2.25 [6] - Methanex returned $50 million to shareholders through dividends and repaid a $300 million bond due in December with operational cash flows [7] - The company ended the year with $892 million in cash and reported an operating cash flow of $281 million in Q4 [7] Future Outlook - Methanex's production guidance for 2025 is approximately 7.5 million tons, excluding additional production from OCI assets [8] - In Q1 2025, significantly higher adjusted EBITDA is expected compared to Q4 2024, with produced sales anticipated to be near Q4 levels and a higher average realized price projected between $395 to $405 per ton for January and February [9] - Estimates for the stock have trended upward, with a consensus estimate shift of 17.02% in the past month [10] Investment Metrics - Methanex currently holds a strong Growth Score of A, a Momentum Score of A, and a Value Score of A, placing it in the top quintile for investment strategies [11] - The stock has an aggregate VGM Score of A, indicating strong overall performance across multiple investment strategies [11] - Methanex has a Zacks Rank 3 (Hold), suggesting an expectation of in-line returns in the coming months [12]

Core Viewpoint - Investors are increasingly seeking growth stocks that demonstrate above-average growth potential, with Methanex (MEOH) being highlighted as a strong candidate due to its favorable growth metrics and Zacks Rank [1][2]. Group 1: Earnings Growth - Methanex has a historical EPS growth rate of 16.1%, with projected EPS growth for the current year also at 16.1%, significantly outperforming the industry average of 7.8% [4]. Group 2: Cash Flow Growth - The company exhibits a year-over-year cash flow growth of 17%, which is notably higher than the industry average of -2.6% [5]. - Over the past 3-5 years, Methanex's annualized cash flow growth rate has been 9%, compared to the industry average of -3.9% [6]. Group 3: Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for Methanex, with the Zacks Consensus Estimate for the current year increasing by 7.3% over the past month [7]. Group 4: Overall Assessment - Methanex has achieved a Growth Score of A and holds a Zacks Rank 2, indicating it is a potential outperformer and a solid choice for growth investors [9].