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Axiall -1.9% after update on repairs at Lake Charles chemicals facility

  • Axiall (AXLL) -1.9% AH after saying it expects Q1 will be hit by three significant headwinds: repairs at its Lake Charles, La., chemicals facility; severe winter weather; and a Q/Q increase to normal maintenance spending.
  • Damage from the December 2013 fire at the PHH vinyl chloride monomer manufacturing facility at the Lake Charles chemicals complex has been repaired and the facility has resumed operations, but the facility is not expected to reach full operating rates until May.
  • AXLL expects to report Q1 EBITDA of $65M-$70M.
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Comments (1)
  • Ajayyy
    , contributor
    Comments (327) | Send Message
     
    The management must really want to surprise the market with a good performance.

     

    1) Announce how bad your business is suffering
    2.) Beat estimates

     

    Share Price up!
    14 Apr, 09:23 PM Reply Like
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