MOSCOW (MRC) -- Axiall Corp, a maker of chemicals and building products, reported third-quarter net income of USD44.5 million, higher than USD39.0 million in the prior-year quarter, said Nasdaq.
Excluding items, adjusted earnings for the quarter were USD0.72 per share, compared to USD0.97 per share in the year-ago quarter.
Revenue for the quarter grew to USD1.27 billion from USD1.20 billion in the same quarter last year.
Analysts polled by Thomson Reuters projected earnings of $0.60 per share on revenue of USD1.19 billion for the quarter. Analysts' estimates typically exclude special items.
As MRC wrote before, Axiall Corp. considered building a USD3 billion ethane cracker and chemical plant somewhere in Louisiana. Axiall would invest USD1 billion of its own money, while an unnamed partner would put in USD2 billion. The plant could open in 2018, creating 225 permanent jobs.
Axiall Corporation is a leading integrated chemicals and building products company. It is an international manufacturer of chlor-alkali and derivatives, chlorovinyls and aromatics products including chlorine, caustic soda, vinyl chloride monomer, chlorinated solvents, calcium hypochlorite, ethylene dichloride, muriatic acid, phosgene derivatives, polyvinyl chloride, vinyl compounds, acetone, cumene and phenol. It also manufactures vinyl-based building and home improvement products, including window and door profiles, mouldings, siding, pipe and pipe fittings, and decking. Axiall, headquartered in Atlanta, Georgia, has manufacturing facilities located throughout North America and in Asia to provide industry-leading materials and services to customers.