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

【Answer 1】 AkzoNobel: Q3 sales amounted to €2.741 billion, up 5% at constant exchange rates; operating profit rose to €354 million, compared to €168 million in the same period of 2022. Lanxess: Q3 sales totaled €1.601 billion, down 26.7% year-on-year; EBITDA stood at €119 million, down 50.4%; net income declined from €80 million in the prior year to -€131 million. Wacker Chemie AG: Group sales for Q3 were €1.52 billion, down 29% year-on-year; EBITDA was €152 million, down 67%; net profit for Q3 was €34 million. Clariant: Organic sales for Q3 were CHF 1.031 billion, down 8% year-on-year; EBITDA margin fell to 15.4%, versus 16.8% in the prior-year period. Cumulative sales for the first three quarters of 2023 totaled CHF 3.315 billion, down 7% year-on-year. North America Dow: Net sales for Q3 were $10.7 billion, down 24% year-on-year; GAAP net income was $327 million, versus $760 million in the prior-year quarter. LyondellBasell: Sales revenue for Q3 was $10.625 billion, down 13.3% year-on-year from $12.25 billion; EBITDA was $1.356 billion, up 21.8% from $1.108 billion in the prior-year quarter. Sherwin-Williams: Net sales for Q3 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% from $1.853 billion in the prior-year quarter. PPG: Net sales for Q3 were $4.644 billion, up 4% year-on-year; net income was $430 million, up 29%. Ecolab: Net sales for Q3 were $3.958 billion, up 8% year-on-year from $3.669 billion; net income was $404 million, up 16% from $347 million in the prior-year quarter. Mosaic: Revenue for Q3 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 quarter; EBITDA was $594 million, down 65%. Westlake Chemical: Net sales for Q3 were $3.115 billion, down 21.3% year-on-year; net income was $285 million, down 46.5%; EBITDA was $682 million, down 15%. DuPont: Net sales for Q3 were $3.1 billion, down 8% year-on-year; operating EBITDA was $775 million. Air Products: Sales for Q3 were $3.034 billion, down 4.8% year-on-year; GAAP net income was $2.01 billion, up 170%; adjusted EBITDA was $3.9 billion, up 8%.

Net Profit of RMB 30 Billion in Three Years—KKR Is Exiting Again

【Answer 2】 Originally published by 'China Private Equity Investment' (ID: PE-China) Author: Wei Yajun Photography: Bob KKR (including co-investors) achieved a paper return of over 17x within three years. A flawless exit. Recently, Ecolab Inc., a global leader in water treatment and sustainable development solutions, announced its definitive agreement to acquire CoolIT Systems—a developer of data center liquid cooling systems—for approximately $4.75 billion in cash (roughly RMB 32.8 billion). CoolIT Systems is currently majority-owned by funds managed by KKR. In May 2023, KKR, leading a consortium including co-investors, acquired a majority stake in CoolIT Systems for approximately $270 million. The transaction is expected to close in Q3 2026. An expensive acquisition Valuation far exceeds traditional industrial sectors According to the deal terms, this acquisition carries an exceptionally high valuation. Reportedly, the $4.75 billion purchase price represents approximately 29x CoolIT’s projected adjusted EBITDA for the next 12 months—and 24x its projected adjusted EBITDA for fiscal year 2027. This valuation significantly exceeds typical multiples seen in traditional industrial M&A. Clearly, this elevated valuation directly reflects the extraordinary fervor surrounding the AI infrastructure sector: as global tech giants race to build data centers to secure computing power, thermal management technology has become a critical physical bottleneck constraining AI advancement. According to data disclosed by Ecolab, CoolIT is projected to generate approximately $550 million in sales over the next 12 months, with an adjusted EBITDA margin of roughly 30%. This implies Ecolab is paying more than 8.6x sales for a company generating ~$550 million annually. For comparison, Ecolab’s current market capitalization stands at approximately $77.7 billion, with projected 2025 revenue of ~$16.08 billion—implying a price-to-sales ratio of only ~4.8x. Upon completion, Ecolab’s addressable market (TAM) will double—from $5 billion to $10 billion—with the market growing at double-digit annual rates. Ecolab expects the acquisition to lift organic sales growth for its global Water business by two percentage points in the first year post-closing, and overall organic sales growth by one percentage point. Starting in 2028 (excluding non-cash amortization expenses), the transaction is expected to accrete to adjusted earnings per share. To finance the acquisition, Ecolab will raise new transaction debt. From gaming enthusiast to liquid-cooling leader Public records indicate CoolIT Systems was founded in 2001 and is headquartered in Calgary, Canada. Its three founders—Brydon Gierl, Sandy Scott, and Jason Myers—conceived the idea of revolutionizing computer cooling amid Calgary’s vibrant startup ecosystem. According to company history, Sandy was an avid gamer whose PC graphics card overheating severely hampered his gaming experience. He approached Brydon for help, and the two began early experiments on a kitchen table to solve this pain point for high-performance computing users.

Ecolab Schedules Third-Quarter Results; Stock Valuation at $80.4 Billion

2 days ago

Ecolab Inc. announced it will release third-quarter 2026 results on October 27, following a second-quarter revenue beat of $4.42 billion. Analysts hold a Moderate Buy consensus with an average target of $327.67.

ad-hoc-news.de

2026-02-10

Ecolab reports quarterly earnings growth, expects 2026 income increase

2026-03-12

Ecolab implements global 10%-14% energy surcharge

2026-04-07

Ecolab Inc. Scheduled to Report Fiscal Q1 2026 Earnings

2026-04-07

A Look At Ecolab’s Valuation As Earnings Strength And Raised 2026 Guidance Support Investor Confidence

2026-04-07

Fired worker sues Ecolab, alleges racial bias behind safety violations