Cytec Industries Inc. Raises FY 2009 EPS Guidance; Declares Quarterly Dividend
October 15, 2009 |
| Cytec Industries Inc. increased fiscal 2009 guidance for adjusted diluted earnings per share (EPS) to $0.80 to $1.00 from prior guidance of $0.60 to $0.90 per diluted share. According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $0.80 for the same period. The Company also announced that the Company's Board of Directors declared a regular quarterly cash dividend of $0.0125 per share on the common stock of the Company, payable on November 25, 2009, to shareholders of record as of November 10, 2009. |
Cytec Industries Inc. To Close Facility In Spain; Cut 60 Jobs-Reuters
September 30, 2009 |
| Reuters reported that Cytec Industries Inc. would close its manufacturing facility in La Llagosta, Spain and eliminate 60 positions. The manufacturing of the liquid coating resin products currently produced at the La Llagosta facility will be transferred to Cytec Industries Inc.'s Werndorf facility in Austria. |
Cytec Industries Inc.'s Cytec Engineered Materials and Mitsubishi Rayon Co., Ltd. Announce Strategic Business Collaboration
September 15, 2009 |
| Cytec Engineered Materials (CEM), a business unit of Cytec Industries Inc. and Mitsubishi Rayon Co., Ltd. (MRC) announced they have entered into a strategic business collaboration to advance carbon fiber reinforced composite materials technology. Both CEM and MRC will have the opportunity to supply the developed materials for use in the aerospace industry. With the agreement, the companies will combine and share their technologies and engineering efforts for selected high-performance carbon composites applications in the structural materials aerospace market and provide the aerospace industry technologically advanced composite materials. |
Cytec Industries Inc. Reiterates FY 2009 EPS Outlook-Conference Call
September 15, 2009 |
| Cytec Industries Inc. announced that for fiscal 2009, it has reconfirmed earnings guidance, at the upper end of the $0.60 to $0.90 per share range that was previously provided. |
Cytec Industries Inc. Reaffirms FY 2009 EPS Guidance
July 16, 2009 |
| Cytec Industries Inc. announced that for fiscal 2009, it has affirmed the recently updated guidance of adjusted diluted earnings per share(EPS) to be in a range of $0.60 to $0.90 per share. According to Reuters Estimates, analysts are expecting the Company to report EPS of $0.69 for the same period. |
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