Key Points Q1’25 EBITDA miss; midpoint of Q2'25 guidance range below consensus Margin weakness observed across two of three segments (y-o-y). Polyurethane margins and volumes up y-o-y in Q1. Management commentary cautious We...
Key Points Q1’25 EBITDA and EPS beat on higher chlorine volumes Below consensus Q2’25 guidance on Q1 planned turnaround pushed into Q2 We rate Olin shares Overweight, with a revised-lower 12-month target price...
Key Points Q2’25 EPS miss on lower Americas margins. Q3’25 and FY2025 guidance midpoint below consensus Higher y-o-y EBITDA logged in all segments except Americas and Middle East and India We rate Air...
Key Points Q1 EPS beat but EBITDA miss; outlook commentary mixed Lower-than-forecasted volumes in Geismar and Trinidad We rate Methanex shares Overweight, with a USD45 per share target price Summary Methanex announced Q1’25 earnings after...
Key Points Slight Q1'25 EBITDA miss on lower zircon prices and volumes 2025 EBITDA guidance reiterated We rate Tronox shares Overweight with a revised lower 12-month target price of USD17 per share Summary Tronox reported...
Key Points We’re updating our forecast for LHX post the firm’s 1Q earnings report last week and we're reiterating our Overweight rating on the shares. Our target price rises USD9 to USD265...
Key Points Market not appreciating tightening methanol supply/demand fundamentals and Methanex’s global portfolio; in our view Attractive free cash flow story evolving; company could cumulatively generate over 85% of current share price...
Key Points We’re updating our forecast for GD post the firm’s 1Q earnings report last week, and we're maintaining our Neutral rating on the shares. Our target price falls USD5 to USD309...