April 2024 U.S. Auto Sales By Jerry Reynolds May 6, 2024 Auto sales for April 2024 are in the books, at least from the automakers that still report sales on a monthly basis.  From those car companies, sales were off just slightly, less than 2% from April of 2023.  However, the actual picture could be different if we could see all the automakers’ numbers.  A spot check of many of our CarPro Certified Dealers showed business was actually quite good last month in new, but most reported used car sales were down from a year ago.  This is to be expected with new vehicle invento ..read more

Private equity CVC Funds buys into Hempel Photo: Hempel CVC Funds is becoming a minority investor in the coatings company which has been solely owned by Hempel Foundation for 75 years. Marcus Hand | May 08, 2024 The move by Hempel Foundation to bring CVC in as an investor into Hempel A/S is designed to help support both its organic growth strategy and to pursue merger and acquisition opportunities. CVC will as a minority investor subscribe to new shares equating to up to a 30% stake in Hempel over time. The value of the investment was not revealed. Related: Hempel launches underwater hull ..read more

LyondellBasell Weighs Strategic Options for European Assets HOUSTON and LONDON, May 8, 2024 /PRNewswire/ — LyondellBasell today announced the formal launch of a strategic review of the European assets of its Olefins & Polyolefins and Intermediates & Derivatives business units. The assessment will evaluate the assets through the lens of the company’s strategy to Grow & Upgrade the Core, Build a Profitable Circular and Low Carbon Solutions Business, and Step Up Performance & Culture. “At the 2023 Capital Markets Day, we stated our intent to concentrate our portfolio around ..read more

Leggett & Platt, Incorporated (LEG) Q1 2024 Earnings Call Transcript May 01, 2024 11:07 AM ETLeggett & Platt, Incorporated (LEG) Stock (2) Q1: 2024-04-30 Earnings Summary EPS of $0.23 misses by $0.01 | Revenue of $1.10B (-9.62% Y/Y) misses by $22.67M Leggett & Platt, Incorporated (NYSE:LEG) Q1 2024 Earnings Call Transcript May 1, 2024 8:30 AM ET Company Participants Cassie Branscum – VP, IR Mitchell Dolloff – President & CEO Benjamin Burns – EVP & CFO Tyson Hagale – EVP & President, Bedding Products Mitchell Dolloff Good morning, and thank you for joining our call to ..read more

Stepan Company (NYSE:SCL) Q1 2024 Earnings Call Transcript Scott Behrens: Good morning and thank you all for joining us today to discuss our first quarter 2024 results. I plan to share highlights from our first quarter performance, and we’ll also share updates on our key strategic priorities, while Luis will provide additional details on our financial results. The company reported first quarter adjusted EBITDA of $51.2 million, up 5% year-over-year. Global sales volume was up 1% year-over-year. Volume weakness in the agricultural market due to continued inventory destocking and lower phthalic ..read more

Tempur Sealy International, Inc. (TPX) Q1 2024 Earnings Call Transcript May 07, 2024 10:29 AM ETTempur Sealy International, Inc. (TPX) Stock Tempur Sealy International, Inc. (NYSE:TPX) Q1 2024 Earnings Conference Call May 7, 2024 8:00 AM ET Company Participants Aubrey Moore – Investor Relations Scott Thompson – Chairman, President & Chief Executive Officer Bhaskar Rao – Executive Vice President & Chief Financial Officer Scott Thompson Thank you, Aubrey. Good morning, everyone, and thank you for joining us on our first quarter 2024 earnings call. I’ll begin with some highlights from ..read more

Pearl Group expands west with launch of Pearl Deutschland Pearl Group (Dubai, United Arab Emirates), an international leader in polyurethane (PU) insulation solutions and other PU-based applications, has achieved another significant milestone in its geographical growth, launching Pearl Deutschland in Leverkusen, Germany. This strategic expansion is the latest development in Pearl’s ambitious PearlX2 strategy, which aims to double the organisation’s size by 2026. Following the acquisition of Covestro’s majority stake in the joint venture in 2021, Pearl has established itself as a standalone p ..read more

International Process Plants (IPP) enters agreement to market ammonia, methanol and melamine plants in Ludwigshafen, Germany, from BASF Ludwigshafen, Germany; Princeton Junction, New Jersey, USA – MAY 6, 2024 – BASF and International Process Plants (IPP), a global leader in the acquisition and sale of process plants and equipment, have entered an agreement to market ammonia, methanol and melamine plants located at BASF’s Verbund site in Ludwigshafen, Germany. The plants have become available as BASF implements structural measures at its Ludwigshafen site to ensure competi ..read more

Huntsman Corporation (HUN) Q1 2024 Earnings Call Transcript May 03, 2024 2:50 PM ETHuntsman Corporation (HUN) Stock Q1: 2024-05-02 Earnings Summary EPS of -$0.06 beats by $0.00Revenue of $1.47B (-8.47% Y/Y) misses by $1.15M Huntsman Corporation (NYSE:HUN) Q1 2024 Earnings Conference Call May 3, 2024 9:00 AM ET Company Participants Ivan Marcuse – VP, IR & Corporate Development Peter Huntsman – Chairman, CEO & President Phil Lister – EVP & CFO Peter Huntsman Ivan, thank you very much, and thank you all for taking the time to join us this morning. Reviewing the results of the fir ..read more

Now at $0.465/lb Source ..read more