20 Companies! Summary of Chemical Giants’ 2024 Financial Performance!

On February 6, Honeywell announced its full-year 2024 financial results: total sales amounted to $38.5 billion, up 5% year-on-year, with organic sales growth of 3%. Operating income reached $7.441 billion, up 5% year-on-year; operating margin remained flat, while segment profit rose by 1% and segment margin contracted by 90 basis points—driven by strong performance in Honeywell’s long-cycle Industrial Automation businesses outpacing the recovery in short-cycle sectors. Additionally, Honeywell announced plans to split into three independent, publicly traded companies: Automation, Aerospace, and Advanced Materials. Chemours On February 18, Chemours released its 2024 fiscal-year results: net sales totaled $5.8 billion, down 5% year-on-year; net income was $86 million (compared to a $2.37 billion loss in the prior year); adjusted EBITDA stood at $786 million, down 22% year-on-year. Furthermore, the earnings report indicated that Chemours has initiated a strategic review of the asset footprint of its European Advanced Performance Materials (APM) business. LyondellBasell On January 31, LyondellBasell Industries reported its full-year 2024 results: net income amounted to $1.4 billion, down 35.6% year-on-year; EBITDA was $3.5 billion, down 23.4% year-on-year; EBITDA excluding identified items was $4.3 billion. The company attributed this primarily to adverse conditions across global petrochemical markets in 2024—including weak global demand, rising raw material costs, and economic uncertainty. Broadly soft demand for durable goods pressured margins across its Olefins & Polyolefins and Intermediates & Derivatives segments. Meanwhile, margin recovery in its Advanced Polymer Solutions segment was constrained by declining global automobile production. For comparisons with the prior quarter (Q4 2023) and full-year 2023, please refer to the table below: ExxonMobil On January 31, ExxonMobil announced full-year 2024 earnings of $33.7 billion, down 6.5% from $36.0 billion in 2023; operating cash flow totaled $55.0 billion, and free cash flow reached $34.4 billion. In Q4 2024 alone, earnings were $7.6 billion, down 11.6% sequentially; operating cash flow was $12.2 billion, and free cash flow was $8.0 billion. Eastman Chemical On January 30, Eastman Chemical Company reported its 2024 fiscal-year results: sales revenue totaled $9.382 billion, up 1.88% from $9.210 billion in 2023; EBIT was $1.278 billion, slightly down from $1.302 billion in 2023; adjusted EBIT was $1.298 billion, up 18% from $1.097 billion in 2023; operating cash flow was $1.287 billion, down from $1.374 billion in 2023. LG Chem On February 3, LG Chem announced its 2024 financial results: consolidated revenue (including LG Energy Solution) amounted to ₩48.9161 trillion, down 11.46% year-on-year; operating profit was ₩916.8 billion, down 63.75% year-on-year.

Zhongzhi Weiye Information | Q3 Financial Results of the World’s Top 50 Chemical Enterprises Released!

Lanxess: Q3 sales totaled €1.601 billion, down 26.7% year-on-year; EBITDA was €119 million, down 50.4% year-on-year; net income declined from €80 million in the prior-year period to -€131 million. Wacker Chemie AG: Group sales in Q3 amounted to €1.52 billion, down 29% year-on-year; EBITDA was €152 million, down 67% year-on-year; net income for Q3 was €34 million. Clariant: Organic sales in Q3 totaled CHF 1.031 billion, down 8% year-on-year; EBITDA margin fell to 15.4%, compared to 16.8% in the prior-year period. Cumulative sales for the first nine months of 2023 totaled CHF 3.315 billion, down 7% year-on-year. North America Dow: Q3 net sales were $10.7 billion, down 24% year-on-year; GAAP net income was $327 million, versus $760 million in the prior-year period. LyondellBasell: Q3 sales revenue was $10.625 billion, down 13.3% year-on-year from $12.25 billion; EBITDA was $1.356 billion, up 21.8% year-on-year from $1.108 billion. Sherwin-Williams: Q3 net sales were $6.117 billion, up 1.1%; net income was $298 million, up 10.7%; EBITDA was $1.27 billion, up 12.6%. Nutrien: Q3 sales were $5.631 billion, down 31% year-on-year from $8.188 billion; net income was $82 million, down 95% year-on-year from $1.853 billion. PPG: Q3 net sales were $4.644 billion, up 4% year-on-year; net income was $430 million, up 29% year-on-year. Ecolab: Q3 net sales were $3.958 billion, up 8% year-on-year from $3.669 billion; net income was $404 million, up 16% year-on-year from $347 million. Mosaic: Q3 revenue was $3.5 billion, down approximately 34% year-on-year; net loss was $4 million, versus net income of $842 million in the prior-year period; EBITDA was $594 million, down 65% year-on-year. Westlake Chemical Corporation: Q3 net sales were $3.115 billion, down 21.3% year-on-year; net income was $285 million, down 46.5% year-on-year; EBITDA was $682 million, down 15% year-on-year. DuPont: Q3 net sales were $3.1 billion, down 8% year-on-year; operating EBITDA was $775 million. Air Products: Q3 sales were $3.034 billion, down 4.8% year-on-year; GAAP net income was $2.01 billion, up 170% year-on-year; adjusted EBITDA was $3.9 billion, up 8% year-on-year. International Flavors & Fragrances (IFF): Q3 net sales were $2.82 billion, down 8% year-on-year; EBITDA was $506 million, down 10% year-on-year.

Huntsman Corp Q3 Results: Sales up 17.6% to $1.717 billion

16 hours ago

Huntsman Corporation reported a 17.6% surge in Q3 sales to $1.717 billion, beating analyst estimates, driven by strong growth in its Polyurethanes segment. However, adjusted EPS missed forecasts despite a 40% rise in adjusted EBITDA.

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