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Borregaard ASA: EBITDA1 of NOK 522 million in the 2nd quarter
Globenewswire· 2025-07-16 05:00
Borregaard’s operating revenues increased to NOK 2,045 million (NOK 1,949 million)2 in the 2nd quarter of 2025. EBITDA1 reached NOK 522 million (NOK 510 million). The result in BioSolutions and BioMaterials increased while Fine Chemicals had a lower result. Continued growth in sales to agriculture was the main reason for the improved result in BioSolutions. In BioMaterials, the result increased due to higher sales prices, improved product mix and increased sales volume, partly offset by higher wood costs. L ...
Stepan to Announce Second Quarter 2025 Results on July 30, 2025
Prnewswire· 2025-07-15 20:01
NORTHBROOK, Ill., July 15, 2025 /PRNewswire/ -- Stepan Company (NYSE: SCL) will issue its second quarter 2025 earnings results on Wednesday, July 30, 2025 at approximately 7:00 a.m. ET (6:00 a.m. CT). Supporting slides will be posted at approximately the same time on the Investors/Presentations page at www.stepan.com. The Company will hold a conference call to discuss and answer questions about its financial and operational performance on the same day at 9:00 a.m. ET (8:00 a.m. CT).The call will be hosted b ...
Corian® Design Launches "WOW That's Corian®!" to Showcase the Evolution and Future Possibilities of Solid Surface Design
Prnewswire· 2025-07-15 14:01
Core Insights - The launch of the "WOW That's Corian®!" global marketing campaign by Corian® Design highlights the innovative and versatile applications of Corian® Solid Surface beyond traditional uses, showcasing its evolution in modern design [1][2][4] - The campaign aims to connect with architects and designers by emphasizing the material's creative potential and performance across various industries, including healthcare, education, hospitality, and food service [2][4][5] Company Overview - Corian® Design, a division of DuPont Water & Protection, specializes in advanced materials for interior design and architecture, with a focus on beauty, functionality, and durability [8] - The Corian® brand is recognized for its pioneering role in solid surface materials, continuously evolving its product offerings to meet market demands [8][9] Product Features - Corian® Solid Surface is characterized by exceptional design versatility, available in a wide range of colors and capable of being thermoformed, backlit, and engraved, contributing to sustainable design by reducing replacement needs [3][4] - The material's non-porous, hygienic surface makes it ideal for high-touch areas in healthcare, while its adaptability supports dynamic learning environments in educational settings [4][6] Market Applications - In healthcare, Corian® Solid Surface is used for patient rooms and nurse stations due to its easy-to-clean properties and aesthetic appeal [4] - In educational environments, it fosters collaboration and creativity through sculptural designs and hygienic dining areas [4] - The hospitality industry benefits from Corian® Solid Surface in creating memorable guest experiences with unique design elements [4][5] Design Trends - The evolution of Corian® Solid Surface aligns with current design trends, including biophilic design and warm minimalism, with collections like Nature's Canvas reflecting nature-inspired aesthetics [6][7] - The material provides architects and designers with aesthetic freedom and functionality, enabling the creation of contemporary yet timeless spaces [7]
Magnera to Report 2025 Third Quarter Results on August 6th
Globenewswire· 2025-07-15 14:00
CHARLOTTE, N.C., July 15, 2025 (GLOBE NEWSWIRE) -- Magnera (NYSE: MAGN) expects to release its 2025 third quarter results prior to trading on the New York Stock Exchange on Wednesday, August 6, 2025. The earnings release, along with an investor presentation, will be available shortly thereafter on Magnera’s website at Investor Relations - Magnera. In conjunction with its release, Magnera will hold a conference call to discuss the 2025 third quarter financial results at 10:00 a.m. (ET) on Wednesday, August 6 ...
Operations leadership changes announced at Ashland
Globenewswire· 2025-07-14 21:00
WILMINGTON, Del., July 14, 2025 (GLOBE NEWSWIRE) -- Ashland Inc. (NYSE: ASH) announced today that Karl Bostaph, senior vice president, operations will retire on October 1, 2025. Bostaph joined Hercules in 1990 which was acquired by Ashland in 2008. Over the course of his career at Ashland, Bostaph held roles in Research and Development, Quality, Engineering and Process Technology, and Manufacturing at multiple U.S. locations. He also spent a portion of his career at manufacturing facilities outside of the ...
Solvay revises its 2025 underlying EBITDA outlook and confirms its Free cash flow guidance
Globenewswire· 2025-07-14 17:18
Group 1 - Solvay is facing a challenging market environment in Q2 2025, influenced by global tariff discussions and geopolitical tensions, leading to reduced demand and slower order books, particularly in soda ash end-markets and the Coatis business unit [1] - The company has updated its 2025 outlook, now expecting underlying EBITDA to be between €880 million and €930 million, down from a previous range of €1.0 billion to €1.1 billion [2] - Solvay anticipates Free Cash Flow from continued operations to be around €300 million, with a maximum of €300 million in capital expenditures, reflecting a focus on cash generation and dividend coverage [3] Group 2 - In Q2 2025, Solvay expects an underlying EBITDA of approximately €230 million, which includes a one-off revenue gain of around €20 million from the Special Chem business unit [3] - The company will not provide further comments ahead of the Q2 2025 earnings release scheduled for July 30 [4] - Solvay, a leading chemical company with a history dating back to 1863, reported underlying net sales of €4.7 billion in 2024 and is committed to sustainability and a carbon-neutral future by 2050 [4]
Stepan Announces Appointment of New Vice President and Chief Financial Officer
Prnewswire· 2025-07-14 11:00
NORTHBROOK, Ill., July 14, 2025 /PRNewswire/ -- Stepan Company (NYSE: SCL) announced today the appointment of Ruben Velasquez as Vice President and Chief Financial Officer of Stepan, effective as of July 15, 2025. Mr. Velasquez will succeed Samuel Hinrichsen who, as previously reported, is presently serving as Vice President and Interim Chief Financial Officer. Mr. Hinrichsen will continue in his role as Vice President of Finance.Mr. Velasquez most recently served as Vice President Global Finance Transforma ...
Cabot Corporation Board Declares Dividend
Globenewswire· 2025-07-11 21:00
Group 1 - Cabot Corporation declared a quarterly dividend of $0.45 per share on all outstanding shares of its common stock, payable on September 11, 2025, to stockholders of record at the close of business on August 29, 2025 [1] - Cabot Corporation is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts, providing a range of products including reinforcing carbons, specialty carbons, battery materials, and more [2] Group 2 - The company is listed on the New York Stock Exchange under the ticker symbol CBT [2]
Northern Technologies International Corporation Reports Financial Results for Third Quarter Fiscal 2025
Globenewswire· 2025-07-10 12:00
Core Insights - Northern Technologies International Corporation (NTIC) reported a 4.0% increase in consolidated net sales for Q3 fiscal 2025, reaching $21.51 million compared to $20.69 million in Q3 fiscal 2024, driven by demand for ZERUST® industrial products despite geopolitical tensions [4][6][20] - The company continues to invest in its ZERUST® oil and gas business, expecting sequential growth in sales and profitability in Q4 fiscal 2025 and into fiscal 2026, with cumulative sales of $24 million over the past 13 quarters [2][3] - NTIC is monitoring European economic stimulus packages, particularly in Germany, which may positively impact joint venture operating income [3] Financial Performance - Consolidated net sales for the nine months ended May 31, 2025, increased by 0.3% to $61.92 million from $61.71 million in the same period last year [4][20] - ZERUST® industrial net sales rose by 7.1% to $14.44 million, while ZERUST® oil and gas net sales decreased by 5.3% to $1.29 million [5][6] - Gross profit margin increased by 20 basis points to 38.4%, while operating expenses rose by 7.6% to $9.67 million [6][7] Income and Earnings - Net income attributable to NTIC for Q3 fiscal 2025 was $122,000, or $0.01 per diluted share, down from $977,000, or $0.10 per diluted share, in Q3 fiscal 2024 [9][21] - Year-to-date net income attributable to NTIC was $1.12 million, or $0.12 per diluted share, compared to $3.57 million, or $0.36 per diluted share, for the same period last year [9][21] - Non-GAAP adjusted net income for Q3 fiscal 2025 was $228,000, or $0.02 per diluted share, compared to $1.08 million, or $0.11 per diluted share, for the same quarter last fiscal year [10][25] Joint Ventures and Investments - NTIC's joint venture operating income decreased by 12.9% to $2.27 million in Q3 fiscal 2025, primarily due to lower sales and reduced equity income from joint ventures [7][20] - The company had $27.14 million in investments in joint ventures as of May 31, 2025, with $13.50 million in cash [12][18] Balance Sheet Highlights - As of May 31, 2025, NTIC had working capital of $21.66 million, including $6.77 million in cash and cash equivalents [11][18] - Total assets increased to $99.30 million from $94.68 million as of August 31, 2024 [18][19]
Innospec Publishes 2024 Sustainability Report
Globenewswire· 2025-07-09 20:45
Core Viewpoint - Innospec Inc. has published its 2024 Sustainability Report, showcasing significant progress in sustainability commitments, growth, innovation, and community engagement [1][2]. Company Overview - Innospec Inc. is an international specialty chemicals company with approximately 2,450 employees across 22 countries, providing a wide range of specialty chemicals for various markets [3]. Sustainability Achievements - A 23% reduction in scope 1 & 2 greenhouse gas (GHG) emissions since the baseline year of 2014 [5] - Avoided CO₂e emissions of 20.8 million metric tons through the use of fuel additives, which is over 200 times Innospec's own operational emissions [5] - Completion of product carbon footprint assessments for over 90 products, enhancing insights into GHG reduction efforts [5] - US$47.8 million spent on Research & Technology, resulting in a 22% increase in total patent filings [5] - A total social value of $791,000 delivered in 2024, benefiting 210 global charities and local good causes [5] - Over $1.6 million raised and 3,889 volunteer hours contributed through the Innospec Cares program since its launch in 2016 [5] - Launch of two new social partnerships: one with International Justice Mission (IJM) to combat modern slavery in the palm industry and another with UNESCO to support Indigenous STEM education in Brazil [5] - EcoVadis Gold rating for sustainability management practices maintained for the fourth consecutive time [5] - Over 90% of employees received careers and skills training, totaling more than 19,000 hours [5].