BOSTON, May 05, 2025 (GLOBE NEWSWIRE) -- On Monday, May 5, 2025, the Board of Directors of Cabot Corporation (NYSE: CBT) declared a quarterly dividend of $0.45 per share, an increase of 5% compared to the current quarterly dividend of $0.43 per share, on all outstanding shares of the Corporation’s common stock. The dividend is payable on June 13, 2025, to stockholders of record at the close of business on May 30, 2025. "Today's announcement reflects the Board’s confidence in our consistent earnings performa ...

Quaker Chemical (KWR) Q1 2025 Earnings Call May 02, 2025 08:30 AM ET Speaker0 As a reminder, this conference is being recorded. I would now like to turn the call over to Jeffrey Snell, Vice President, Investor Relations. Mr. Snell, you may begin. Speaker1 Thank you. Good morning, and welcome to our first quarter twenty twenty five earnings conference call. On the call today are Joe Burkwist, our President and Chief Executive Officer Tom Kohler, our Executive Vice President and Chief Financial Officer and Ro ...

Financial Data and Key Metrics Changes - First quarter sales grew 6% on an organic basis, with operating EBITDA of $788 million increasing 16% year over year, resulting in an operating EBITDA margin of 25.7%, up 240 basis points from the prior year [6][7][20] - Adjusted EPS for the quarter was $1.00, reflecting a 30% increase compared to the previous year [7][21] Business Line Data and Key Metrics Changes - Electronics Co. net sales for the first quarter were $1.1 billion, up 14% year over year, driven by a 16% increase in volume [22] - Industrials Co. first quarter net sales were $1.95 billion, flat year over year, with a 2% organic sales growth offset by currency headwinds [24][26] Market Data and Key Metrics Changes - Asia Pacific delivered 13% organic sales growth year over year, with China seeing a 20% increase driven by electronics and water [20] - Organic sales in Europe were up 4%, while North America remained flat due to softness in construction and auto markets [20] Company Strategy and Development Direction - The company is on track for the spin-off of its electronics business, named Qunity, with a planned separation date of November 1 [8][10] - Qunity is positioned to be a major player in the electronics materials and solutions market, with a strong focus on semiconductor markets and AI applications [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing demand in electronics, particularly in semiconductor advanced nodes and AI applications, with strong order patterns expected to continue [8][18] - The company is actively addressing tariff uncertainties and has identified actions to mitigate potential impacts, estimating a net cost impact of $60 million for 2025 [12][27] Other Important Information - The company has realigned its segment reporting structure in preparation for the upcoming separation, with results now reported as Electronics Co. and Industrials Co. [18] - The estimated cost exposure due to tariffs in 2025 is about $500 million, with mitigation actions expected to reduce the net impact significantly [12][27] Q&A Session Summary Question: Can you walk us through the exemption process regarding tariffs? - Management indicated that product exemptions are a smaller part of their mitigation strategy, focusing more on procurement and supply chain optimization [30][31] Question: What is the tariff exposure for each business segment? - The estimated net exposure for 2025 is split evenly between Electronics Co. and Industrials Co., with about $30 million each [43] Question: How much of the sales in China are under long-term contracts? - Approximately 70% of sales into China are specked-in materials, making it difficult for customers to switch to competitors [56] Question: What is driving the strong demand in the water business? - Demand is strong across various technologies, particularly reverse osmosis and ion exchange, with expectations for high single-digit growth for the year [61][62] Question: How does the company view its competitive positioning in the electronics market? - Management believes they have a strong competitive position due to their extensive customer relationships and application engineering support [102] Question: What are the expectations for the semiconductor market in China? - Management expects normalization in demand in China, with flat growth anticipated for the full year, while global demand remains strong [70][111]

Financial Data and Key Metrics Changes - First quarter sales grew 6% on an organic basis, with operating EBITDA of $788 million increasing 16% year over year, resulting in an operating EBITDA margin of 25.7%, up 240 basis points from the prior year [5][20]. - Adjusted EPS for the quarter was $1.00, reflecting a 30% increase from the previous year [21]. Business Line Data and Key Metrics Changes - **Electronics Co.**: First quarter net sales increased 14% year over year to $1.1 billion, driven by a 16% increase in volume, while prices decreased by 2% [22]. Operating EBITDA for Electronics Co. was $373 million, up 26% year over year, with a margin of 33.4%, up 340 basis points [23]. - **Industrials Co.**: First quarter net sales were flat at $1.95 billion, with a 2% organic sales growth offset by currency headwinds [24]. Operating EBITDA for Industrials Co. was $464 million, up 6% year over year, with a margin of 23.8%, up 130 basis points [26]. Market Data and Key Metrics Changes - Asia Pacific delivered 13% organic sales growth year over year, with China showing a 20% increase driven by electronics and water [19]. Europe saw a 4% organic sales increase, while North America remained flat due to soft construction and auto markets [20]. Company Strategy and Development Direction - The company is progressing on the spin-off of its electronics business, named Qunity, with a planned separation date of November 1 [6][8]. The new company aims to be a leading provider in the electronics materials and solutions sector, with a strong focus on semiconductor markets [13][15]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing demand in electronics, particularly in semiconductor advanced nodes and AI applications, and noted strong order patterns through April [6][18]. The company is also actively addressing tariff uncertainties and has identified actions to mitigate potential impacts [11][28]. Other Important Information - The company expects a net cost impact of tariffs of about $60 million for 2025, primarily affecting the second half of the year [28]. The financial guidance for 2025 remains unchanged, with net sales estimated between $12.8 billion and $12.9 billion [27]. Q&A Session Summary Question: Can you walk us through the exemption process regarding tariffs? - Management indicated that product exemptions are a smaller part of their mitigation strategy, focusing more on procurement and supply chain optimization [31][32]. Question: What is the tariff exposure split between Electronics Co. and Industrials Co.? - The estimated net exposure for 2025 is evenly split, with about $30 million for each segment, representing around 6% of their COGS [45][46]. Question: How much of the sales in China are under long-term contracts? - Approximately 70% of sales into China are specked-in materials, making it difficult for customers to switch to competitors [60]. Question: What is driving the strong demand in the water business? - Demand is strong across various technologies, particularly reverse osmosis and ion exchange, with expectations for high single-digit growth for the year [65][66]. Question: How does the company view its competitive positioning in the electronics market? - Management feels confident about their competitive position, emphasizing strong customer relationships and the ability to support advanced technologies [107]. Question: What are the expectations for the China market in the second half of the year? - The company anticipates normalization in demand, with flat year-over-year expectations, while still expecting strong global market conditions [75][116].

Quaker Houghton First Quarter 2025 Results Investor Conference Call Forward-Looking Statements Regulation G The attached charts include Company information that does not conform to generally accepted accounting principles ("GAAP"). Management believes that an analysis of this data is meaningful to investors because it provides insight with respect to ongoing operating results of the Company and helps investors to evaluate the financial results of the Company. These measures should not be viewed as an altern ...

May 2, 2025 Overview On January 15, 2025, DuPont de Nemours, Inc. ("DuPont", or after the completion of the Intended Electronics Separation, "New DuPont") announced it is targeting November 1, 2025 to complete the intended separation of its Electronics business (the "Intended Electronics Separation") by way of a spin-off transaction, thereby creating a new independent, publicly traded electronics company ("ElectronicsCo"). The Intended Electronics Separation will not require a shareholder vote and is subjec ...

Core Insights - DuPont reported strong financial performance in Q1 2025, with a 5% increase in net sales to $3.066 billion and a 6% organic sales growth year-over-year [4][8][9] - The company experienced a significant GAAP loss of $548 million, primarily due to a $768 million non-cash goodwill impairment charge related to the Aramids reporting unit [5][8] - Operating EBITDA increased by 16% to $788 million, with an operating EBITDA margin of 25.7%, reflecting volume benefits and restructuring savings [4][6][9] Financial Performance - Net sales for Q1 2025 were $3,066 million, up from $2,931 million in Q1 2024, marking a 5% increase [4][8] - Organic sales growth was 6%, driven by an 8% increase in volume, partially offset by a 2% decrease in price [9] - GAAP loss from continuing operations was $(548) million, compared to income of $183 million in the prior year, representing a 399% decline [4][8] - Adjusted EPS rose by 30% to $1.03, up from $0.79 in Q1 2024 [4][8] Segment Performance - ElectronicsCo segment net sales increased by 14% to $1,118 million, with an operating EBITDA of $373 million, up 26% [14][20] - IndustrialsCo segment net sales were flat at $1,948 million, with a 6% increase in operating EBITDA to $464 million [16][21] - The ElectronicsCo segment saw a 14% organic sales growth, while IndustrialsCo experienced a 2% organic sales growth [9][14] Cash Flow and Guidance - Cash provided by operating activities from continuing operations was $382 million, down 23% from $493 million in Q1 2024 [4][7] - Transaction-adjusted free cash flow was $212 million, a decrease of 26% compared to the previous year [4][7] - The company maintains its full-year 2025 financial guidance, estimating Q2 2025 net sales of approximately $3.2 billion and adjusted EPS of about $1.05 [17][18] Strategic Developments - DuPont is on track for the spin-off of its Electronics business, named Qnity, scheduled for November 1, 2025 [2][25] - The company is actively managing the impact of tariffs through its global manufacturing footprint and flexible supply chain [2][8]

Core Insights - Huntsman reported $1.41 billion in revenue for Q1 2025, a year-over-year decline of 4.1% and an EPS of -$0.11 compared to -$0.06 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $1.48 billion, resulting in a surprise of -4.68% [1] - The company has not delivered an EPS surprise, with the consensus EPS estimate being -$0.11 [1] Performance Metrics - Huntsman's shares have returned -14.2% over the past month, while the Zacks S&P 500 composite changed by -0.7% [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance against the broader market [3] Segment Performance - Polyurethanes sales volume decreased by 3%, compared to an estimated 4.2% decline by analysts [4] - Local currency price for Polyurethanes fell by 3%, against an expected increase of 1.5% [4] - Total revenues for Polyurethanes were reported at $912 million, below the average estimate of $943.78 million, representing a year-over-year change of -1.5% [4] - Advanced Materials revenues were $249 million, compared to an estimated $264.13 million, reflecting a -4.6% change year-over-year [4] - Performance Products revenues were $257 million, below the average estimate of $282.54 million, indicating an -11.7% year-over-year change [4]

Core Viewpoint - Huntsman Corporation announces the retirement of Tony Hankins, Division President of Polyurethanes, effective at the end of 2025, with Steen Weien Hansen appointed as his successor starting June 1, 2025 [1][2]. Company Leadership Transition - Tony Hankins has had a long career at Huntsman and its predecessor, starting in 1980, and will continue to advise management until December 31, 2025 [2]. - Steen Weien Hansen has been with the company since its acquisition of the polyurethanes division in 1999 and has held various leadership roles, including Vice President of Asia Pacific operations [3]. Executive Comments - Peter R. Huntsman, President, CEO, and Chairman, praised Hankins for his distinguished service and influence on future managers, while also highlighting Hansen's strong leadership and strategic capabilities [4]. Company Overview - Huntsman Corporation is a global manufacturer of specialty chemicals with approximately $6 billion in revenues for 2024, operating over 60 facilities in about 25 countries and employing around 6,300 associates [5].

Core Viewpoint - Huntsman Corporation has declared a cash dividend of $0.25 per share on its common stock, payable on June 30, 2025, to stockholders of record as of June 13, 2025 [1]. Company Overview - Huntsman Corporation is a global manufacturer and marketer of differentiated and specialty chemicals, with 2024 revenues of approximately $6 billion [2]. - The company offers thousands of chemical products sold worldwide, serving a diverse range of consumer and industrial end markets [2]. - Huntsman operates over 60 manufacturing, R&D, and operations facilities in around 25 countries and employs approximately 6,300 associates [2].