LONDON, February 11, 2013 /PRNewswire/ --
Specialty chemical companies are performing well. Various reasons supporting the industry are the improvement in the U.S. economy and recovery of global economy. Various companies including PolyOne Corporation (NYSE: POL) have reported strong results, beating analysts' estimates. These companies are also seeing benefits by the low energy prices as it helps them in controlling their input and operating costs. On the other hand, Ferro Corp. (NYSE: FOE) is looking to curtail its costs to improve profits. StockCall analysts initiated preliminary technical research on PolyOne and Ferro. These free reports are accessible by signing today at
PolyOne on Acquisition Spree
PolyOne Corporation reported strong quarterly results and beat the street's estimates. However, its GAAP results fell short of its prior performance. The company's revenue stood at $679.4 million, surpassing consensus estimate of $673.7 million while its EPS met the expectation of 21 cents per share. The results show that the stock is likely to retain its momentum into the foreseeable future. It gained 50 percent in the past 12 months. The free technical analysis on PolyOne is available by signing up at
The stock is also being lapped up by hedge funds. According to its recent filing, Fine Capital Partners holds interest in the company. PolyOne Corporation is looking ahead to a rewarding 2013 as the global economy shows the signs of recovery.
The company is also expanding itself as it acquired Glasforms in a $34 million deal. Glasform deals in advanced composite products and the acquisition will help PolyOne Corporation to gain foothold in the market. The company expects the acquisition to be accretive to its earnings this year. PolyOne Corporation is also looking to close its Spartech Corp deal this year. The deal will help PolyOne in capturing security and aerospace market. Spartech acquisition is also expected to be accretive from its full first year. Overall, PolyOne Corporation is in the position to repeat its past year's stock performance and offers good upside to investors.
Ferro Corp. Gets Out of Loss Making Business
Ferro Corp. is going ahead with its plans to restructure its business. The company sold its solar paste assets to Heraeus. The deal will help Ferro Corp. to get out the loss making business of solar pastes, which had been in decline since 2011. The company is expected to save $17 million in operating costs after disposing of the business. Ferro is also planning to take various other steps to contain its costs and help the company's margins. Demise of its solar paste business will help it in reducing the negative impact. Register now to download the free research on Ferro at
Looking forward, Ferro Corp. expects to improve its financial performance. The company expects its FY2012 EPS to be in the range of 7 cents to 12 cents per share, while its 2013 EPS is likely to remain between 25 cents and 30 cents per share. The company is moving into new direction after the change of guard at the helm. Its CEO James Kirsch resigned in November last year.
Ferro Corp. will also benefit from China's new push to solar companies. The country recently announced subsidy package for promoting use of solar power. Ferro Corp. lost a quarter of its value in past 52 weeks. However, the new steps taken by the company to boost its profitability and margins are expected to yield good results.
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