Home / Knowledge / News / Textiles / Axiall adjusted EBITDA skyrockets 100% in 2013
Axiall adjusted EBITDA skyrockets 100% in 2013
20
Feb '14
Axiall Corporation announced financial results for the fourth quarter and year ended December 31, 2013.
 
The company reported net sales of $4.7 billion for the full year 2013, compared to net sales of $3.3 billion reported for the full year 2012. The company reported Net income attributable to Axiall of $165.3 million, or $2.44 per diluted share, for 2013, compared to Net income attributable to Axiall of $120.5 million, or $3.45 per diluted share, for 2012. 
 
The company reported Adjusted Net Income of $266.1 million and Adjusted Earnings per Share of $3.93 for 2013, compared to Adjusted Net Income of $138.2 million and Adjusted Earnings per Share of $3.95 for 2012. The company reported Adjusted EBITDA of $672.0 million for 2013, compared to Adjusted EBITDA of $334.9 million for the prior year.
 
“2013 was a transformational year for Axiall. We closed the merger with PPG’s chemicals business in January and immediately focused on integrating the two organizations and leveraging the combined assets,” said Paul Carrico, president and chief executive officer. “We exceeded our year-one synergy target, launched a number of innovative new products, and operated our plants at higher than industry rates for much of the year. These are all indications of a smooth and successful integration. 
 
We now are focused on leveraging our diverse end-market portfolio and access to cost-advantaged U.S. shale gas resources. One of our key strategic objectives is to gain access to cost-based ethylene, and we were pleased to announce in early February our partnership with Lotte Chemical to develop a world-scale ethane cracker fed by U.S. shale gas.”
 
Axiall reported net sales of $1.1 billion for the fourth quarter of 2013, compared to net sales of $784.7 million for the fourth quarter of 2012. The company reported Net income attributable to Axiall of $57.0 million, or $0.81 per diluted share, for the fourth quarter of 2013, compared to Net income attributable to Axiall of $32.3 million, or $0.92 per diluted share, for the fourth quarter of 2012. 
 
The company reported Adjusted Net Income of $62.3 million and Adjusted Earnings per Share of $0.88 for the fourth quarter of 2013, compared to Adjusted Net Income of $44.2 million, and Adjusted Earnings per Share of $1.26, for the fourth quarter of 2012. The company reported Adjusted EBITDA of $165.7 million for the fourth quarter of 2013, compared to Adjusted EBITDA of $98.3 million for the same quarter in the prior year.
 
 
Click here to view full results.
 

Axiall

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search