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In millions, except per share items | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 | Dec-31-12 | Dec-31-11 | Dec-31-10 | Dec-31-09 |
| 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K/A |
Revenues: |
Industrial Performance Products | 823.0 | 886.0 | 987.0 | 979.0 | 891.0 | 939.0 | 835.0 | 999.0 |
Industrial Engineered Products | 721.0 | 722.0 | 800.0 | 803.0 | 896.0 | 869.0 | 728.0 | 512.0 |
Chemtura AgroSolutions | 110.0 | 137.0 | 403.0 | 449.0 | 409.0 | 376.0 | 351.0 | 332.0 |
Other | | | | | | | 458.0 | 457.0 |
Total revenues | 1,654.0 | 1,745.0 | 2,190.0 | 2,231.0 | 2,196.0 | 2,184.0 | 2,372.0 | 2,300.0 |
Revenue growth [+] | -5.2% | -20.3% | -1.8% | 1.6% | 0.5% | -7.9% | 3.1% | -27.1% |
Industrial Performance Products | -7.1% | -10.2% | 0.8% | 9.9% | -5.1% | 12.5% | -16.4% | |
Industrial Engineered Products | -0.1% | -9.8% | -0.4% | -10.4% | 3.1% | 19.4% | 42.2% | |
Chemtura AgroSolutions | -19.7% | -66.0% | -10.2% | 9.8% | 8.8% | 7.1% | 5.7% | |
Cost of goods sold | 1,181.0 | 1,312.0 | 1,682.0 | 1,721.0 | 1,615.0 | 1,626.0 | 1,760.0 | 1,721.0 |
Gross profit | 473.0 | 433.0 | 508.0 | 510.0 | 581.0 | 558.0 | 612.0 | 579.0 |
Gross margin | 28.6% | 24.8% | 23.2% | 22.9% | 26.5% | 25.5% | 25.8% | 25.2% |
Selling, general and administrative | 143.0 | 151.0 | 234.0 | 229.0 | 246.0 | 269.0 | 306.0 | 289.0 |
Research and development | 21.0 | 20.0 | 36.0 | 40.0 | 41.0 | 36.0 | 39.0 | 35.0 |
Equity in earnings | | 1.0 | | | | | | |
Other operating expenses | 164.0 | 7.0 | -1,037.0 | | 4.0 | 4.0 | 33.0 | 73.0 |
EBITDA [+] | 145.0 | 256.0 | 1,275.0 | 263.0 | 329.0 | 286.0 | 251.0 | 193.0 |
EBITDA growth | -43.4% | -79.9% | 384.8% | -20.1% | 15.0% | 13.9% | 30.1% | -38.3% |
EBITDA margin | 8.8% | 14.7% | 58.2% | 11.8% | 15.0% | 13.1% | 10.6% | 8.4% |
Depreciation | 78.0 | 81.0 | 87.0 | 104.0 | 119.0 | 118.0 | 143.0 | 135.0 |
EBITA | 67.0 | 175.0 | 1,188.0 | 159.0 | 210.0 | 168.0 | 108.0 | 58.0 |
EBITA margin | 4.1% | 10.0% | 54.2% | 7.1% | 9.6% | 7.7% | 4.6% | 2.5% |
Amortization of intangibles | 7.0 | 12.0 | 15.0 | 19.0 | 20.0 | 22.0 | 32.0 | 38.0 |
EBIT [+] | 60.0 | 163.0 | 1,173.0 | 140.0 | 190.0 | 146.0 | 76.0 | 20.0 |
EBIT growth | -63.2% | -86.1% | 737.9% | -26.3% | 30.1% | 92.1% | 280.0% | -78.3% |
EBIT margin | 3.6% | 9.3% | 53.6% | 6.3% | 8.7% | 6.7% | 3.2% | 0.9% |
Non-recurring items [+] | 14.0 | | 554.0 | 42.0 | 11.0 | -20.0 | 56.0 | 52.0 |
Asset impairment | 1.0 | 1.0 | | | | 4.0 | 57.0 | 39.0 |
Restructuring charges | 14.0 | 3.0 | 25.0 | 42.0 | 11.0 | 3.0 | 1.0 | 3.0 |
Loss (gain) on disposal of assets | -1.0 | -4.0 | 529.0 | | | -27.0 | -2.0 | |
Interest expense, net [+] | 30.0 | 28.0 | 42.0 | 57.0 | 59.0 | 60.0 | 188.0 | 63.0 |
Interest expense | 32.0 | 30.0 | 45.0 | 60.0 | 64.0 | 63.0 | 191.0 | 70.0 |
Interest income | 2.0 | 2.0 | 3.0 | 3.0 | 5.0 | 3.0 | 3.0 | 7.0 |
Other income (expense), net [+] | -2.0 | 17.0 | 2.0 | -45.0 | 9.0 | -21.0 | -400.0 | -121.0 |
Reorganization items | | | | 1.0 | 5.0 | -19.0 | -303.0 | -97.0 |
Gain (loss) on debt retirement | | | -7.0 | -50.0 | -1.0 | | -88.0 | |
Other | 1.0 | 20.0 | 12.0 | 8.0 | 15.0 | 1.0 | -6.0 | -17.0 |
Pre-tax income | 14.0 | 152.0 | 579.0 | -4.0 | 129.0 | 85.0 | -568.0 | -216.0 |
Income taxes | 29.0 | 16.0 | -192.0 | 18.0 | 26.0 | 17.0 | 19.0 | 10.0 |
Tax rate | 207.1% | 10.5% | | | 20.2% | 20.0% | | |
Minority interest | | | | | 1.0 | -1.0 | -1.0 | 1.0 |
Earnings from continuing ops | -15.0 | 136.0 | 1,542.0 | -22.0 | 104.0 | 67.0 | -600.0 | -230.0 |
Earnings from discontinued ops | | | -8.0 | -155.0 | -3.0 | 52.0 | 14.0 | -63.0 |
Net income | -15.0 | 136.0 | 1,534.0 | -177.0 | 101.0 | 119.0 | -586.0 | -293.0 |
Net margin | -0.9% | 7.8% | 70.0% | -7.9% | 4.6% | 5.4% | -24.7% | -12.7% |
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Basic EPS [+] | ($0.24) | $2.01 | $17.10 | ($0.23) | $1.06 | $0.67 | ($2.69) | ($0.95) |
Growth | -111.7% | -88.3% | -7691.9% | -121.3% | 58.2% | -124.9% | 184.1% | -99.9% |
Diluted EPS [+] | ($0.24) | $1.98 | $16.85 | ($0.23) | $1.05 | $0.67 | ($2.69) | ($0.95) |
Growth | -111.9% | -88.3% | -7584.0% | -121.4% | 57.6% | -124.8% | 184.1% | -99.9% |
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Shares outstanding (basic) [+] | 63.8 | 67.8 | 90.2 | 97.7 | 98.2 | 100.1 | 223.0 | 242.9 |
Growth | -5.9% | -24.8% | -7.7% | -0.5% | -1.9% | -55.1% | -8.2% | 11796.7% |
Shares outstanding (diluted) [+] | 63.8 | 68.8 | 91.5 | 97.7 | 98.8 | 100.3 | 223.0 | 242.9 |
Growth | -7.3% | -24.8% | -6.3% | -1.1% | -1.5% | -55.0% | -8.2% | 11796.7% |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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