Venator Materials PLC, together with its subsidiaries, manufactures and markets chemical products worldwide. It operates through two segments, Titanium Dioxide and Performance Additives. The Titanium Dioxide segment offers titanium dioxide (TiO2), such as rutile, anatase, and ultrafine TiO2 products for use in coatings, printing inks, PVC window frames, plastic masterbatches, cosmetics, pharmaceuticals, polyester fibers, polyamide fibers, catalysts, paper, and food and personal care products. The Performance Additives segment provides barium and zinc additives for use in coatings, films, pharmaceuticals, and paper and glass fiber reinforced plastics; and colored inorganic pigments comprising iron oxides, ultramarines, specialty inorganics chemicals, and driers for construction, coatings, plastics, cosmetics, inks, catalyst, and laminates. This segment also offers wood protection chemicals for use in residential and commercial applications; timber treatment chemicals for use in decking, fencing, and other residential outdoor wood structures; industrial construction products for use in telephone poles, and salt water piers and pilings; and water treatment chemicals for the municipal and industrial waste water treatment markets, as well as for the paper industry. Venator Materials PLC was incorporated in 2017 and is headquartered in Stockton-On-Tees, the United Kingdom.
IPO Year: 2017
Exchange: NYSE
Website: venatorcorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/6/2022 | $2.04 → $0.65 | Neutral → Sell | UBS |
| 9/19/2022 | $2.00 → $0.60 | Market Perform → Underperform | BMO Capital Markets |
| 3/22/2022 | $2.50 → $2.00 | Neutral → Underperform | BofA Securities |
| 2/23/2022 | $4.50 → $3.00 | Buy | Deutsche Bank |
| 1/4/2022 | $3.50 → $2.95 | Neutral | UBS |
| 8/16/2021 | $5.50 → $4.50 | Buy | Deutsche Bank |
| 8/5/2021 | $3.50 | Buy → Neutral | B of A Securities |
SC 13G - Venator Materials PLC (0001705682) (Subject)
SC 13D - Venator Materials PLC (0001705682) (Subject)
SC 13D - Venator Materials PLC (0001705682) (Subject)
SC 13D - Venator Materials PLC (0001705682) (Subject)
SC 13D - Venator Materials PLC (0001705682) (Subject)
SC 13D - Venator Materials PLC (0001705682) (Subject)
SC 13D - Venator Materials PLC (0001705682) (Subject)
SC 13G/A - Venator Materials PLC (0001705682) (Subject)
SC 13D/A - Venator Materials PLC (0001705682) (Subject)
SC 13D/A - Venator Materials PLC (0001705682) (Subject)
15-12G - Venator Materials PLC (0001705682) (Filer)
EFFECT - Venator Materials PLC (0001705682) (Filer)
S-8 POS - Venator Materials PLC (0001705682) (Filer)
S-8 POS - Venator Materials PLC (0001705682) (Filer)
POS AM - Venator Materials PLC (0001705682) (Filer)
6-K - Venator Materials PLC (0001705682) (Filer)
6-K - Venator Materials PLC (0001705682) (Filer)
6-K - Venator Materials PLC (0001705682) (Filer)
6-K - Venator Materials PLC (0001705682) (Filer)
6-K - Venator Materials PLC (0001705682) (Filer)
4/A - Venator Materials PLC (0001705682) (Issuer)
4/A - Venator Materials PLC (0001705682) (Issuer)
4/A - Venator Materials PLC (0001705682) (Issuer)
4 - Venator Materials PLC (0001705682) (Issuer)
4 - Venator Materials PLC (0001705682) (Issuer)
4 - Venator Materials PLC (0001705682) (Issuer)
4 - Venator Materials PLC (0001705682) (Issuer)
4 - Venator Materials PLC (0001705682) (Issuer)
4 - Venator Materials PLC (0001705682) (Issuer)
4 - Venator Materials PLC (0001705682) (Issuer)
WYNYARD, UK, Feb. 21, 2023 /PRNewswire/ -- Fourth Quarter 2022 and Other Highlights The macro-economic environment deteriorated sharply in the second half of 2022 leading to significantly lower product demand and higher raw material and energy costs, with TiO2 sales volumes (44)% lower compared to the fourth quarter 2021 and (28)% lower compared to the prior periodNet loss attributable to Venator of $(228) million compared to net income of $14 million in the prior year periodAdjusted EBITDA of $(57) million compared to $40 million in the prior year periodNet cash used in operating activities was $(27) million and free cash flow was $(48) millionDiluted loss per share of $(2.11) and adjusted
WYNYARD, UK, Feb. 9, 2023 /PRNewswire/ -- Venator Materials PLC (NYSE:VNTR) ("Venator") will hold a conference call to discuss its fourth quarter and full year 2022 financial results on Tuesday, February 21, 2023, at 08:00 a.m. ET. Results will be released to the public before the market opens that day via PR Newswire. Call-in numbers for the conference call: U.S. participants 1-833-366-1118 International participants 1-412-902-6770 (No passcode required) In order to facilitate the registration process, you may use the following link to pre-register for the conference call. Callers who pre-register will be given a unique PIN and separate call-in number to gain immediate access to the call an
Fourth Quarter 2022 Highlights Macro environment continues to be challenging due to significantly higher energy costs and lower product demandAdjusted EBITDA for the fourth quarter of 2022 estimated to be negative $(57)-(62) millionLiquidity position is estimated at approximately $275 million as of December 31, 2022Moelis & Company and Kirkland & Ellis appointed as respective financial and legal advisors, in addition to Alvarez & Marsal as the previously engaged operational advisor, to assist with strategic review and engagement with stakeholdersAppointment of two new independent directors, Stefan M. Selig and Jame Donath, who bring extensive and highly relevant experience to the BoardStefan
WYNYARD, UK, Nov. 14, 2022 /PRNewswire/ -- Third Quarter 2022 Highlights Net loss attributable to Venator of $50 million compared to $47 million in the prior year periodAdjusted EBITDA of $(8) million compared to $48 million in the prior year periodNet cash used in operating activities of $74 million and free cash flow of $(90) million Diluted earnings per share of $(0.46) and adjusted diluted earnings per share of $(0.33)Titanium Dioxide (TiO2) sales volumes declined 25% compared to the prior quarter and 29% compared to the prior year periodImplements a $50 million cost reduction programClosed a sale-leaseback transaction for Color Pigments manufacturing facility in Los Angeles, California
WYNYARD, United Kingdom, Oct. 6, 2022 /PRNewswire/ -- Venator Materials PLC (NYSE:VNTR) ("Venator") today provided a third quarter business update. Simon Turner, President and CEO of Venator, commented, "During the third quarter we saw a meaningful decline in sales volume for our TiO2 products in the European and Asian regions. We expect to report third quarter TiO2 sales volumes to be approximately 25% lower than in the second quarter. With limited outlook visibility and persistently high European energy costs, we have reduced production at our Uerdingen, Germany, facility to minimal levels and are reducing production at our Duisburg facility in Germany as well. We are also implementing oth
WYNYARD, UK, July 26, 2022 /PRNewswire/ -- Second Quarter 2022 Highlights Net income attributable to Venator of $93 million compared to net loss of $23 million in the prior year periodAdjusted EBITDA of $61 million compared to $43 million in the prior year periodNet cash provided by operating activities of $73 million and free cash flow of $58 millionDiluted earnings per share of $0.86 and adjusted diluted earnings per share of $0.13Received $85 million cash in settlement with Tronox on April 25, 2022, which has been excluded from adjusted EBITDARecognized $10 million of income by releasing an accrued liability in the second quarter and received $13 million cash in the third quarter, under s
WYNYARD, United Kingdom, July 11, 2022 /PRNewswire/ -- Venator Materials PLC (NYSE:VNTR) ("Venator") will hold a conference call to discuss its second quarter 2022 financial results on Tuesday, July 26, 2022, at 08:00 a.m. ET. Results will be released to the public before the market opens that day via PR Newswire. Call-in numbers for the conference call: U.S. participants 1-833-366-1118 International participants 1-412-902-6770 (No passcode required) In order to facilitate the registration process, you may use the following link to pre-register for the conference call. Callers who pre-register will be given a unique PIN and separate call-in number to gain immediate access to the call and byp
WYNYARD, UK, May 4, 2022 /PRNewswire/ -- First Quarter 2022 Highlights Net loss attributable to Venator of $3 million compared to $21 million in the prior year periodAdjusted EBITDA of $57 million compared to $49 million in the prior year periodNet cash used in operating activities of $86 million and free cash flow of $(103) million includes a primary working capital cash use of $87 million attributable to higher accounts receivablesDiluted loss per share of $0.03 and adjusted diluted earnings per share of $0.06Compared to the fourth quarter of 2021, average TiO2 selling prices increased 12% in local currency, mitigating cost pressures, and TiO2 sales volumes increased 15%Received $85 milli
WYNYARD, United Kingdom, April 19, 2022 /PRNewswire/ -- Venator Materials PLC (NYSE:VNTR) ("Venator") will hold a conference call to discuss its first quarter 2022 financial results on Wednesday, May 4, 2022 at 08:00 a.m. ET. Results will be released to the public before the market opens that day via PR Newswire. Call-in numbers for the conference call: U.S. participants 1-833-366-1118 International participants 1-412-902-6770 (No passcode required) In order to facilitate the registration process, you may use the following link to pre-register for the conference call. Callers who pre-register will be given a unique PIN and separate call-in number to gain immediate access to the call and bypa
WYNYARD, UK, Feb. 22, 2022 /PRNewswire/ -- Fourth Quarter 2021 Highlights Net income attributable to Venator of $14 million compared to net loss of $58 million in the prior year period Adjusted EBITDA of $40 million compared to $25 million in the prior year period Net cash provided by operating activities was $17 million and free cash flow was $(9) million Diluted income per share of $0.13 and adjusted diluted loss per share of $0.05 Compared to the third quarter of 2021, TiO2 average selling prices increased 6% in local currency and TiO2 sales volumes were 10% lower, primarily due to seasonalityFull-Year 2021 Highlights Net loss attributable to Venator of $77 million compared to $112 millio
WYNYARD, UK, Aug. 9, 2022 /PRNewswire/ -- Venator Materials PLC (NYSE:VNTR) ("Venator") today announced the resignation of Kathy Patrick from its Board of Directors and the appointment of Miguel Kohlmann to its Board of Directors, both effective August 9, 2022. Ms. Patrick has served as a director since the Company's IPO in 2017 and served on Venator's Audit Committee and Compensation Committee at the time of her resignation. She is resigning due to other professional commitments. Mr. Kohlmann is based in Europe and has substantial industry experience as a former CEO and via service on a number of boards, including the listed Danish building materials group H+H. Mr. Kohlmann is an independe
WYNYARD, UK, Feb. 11, 2021 /PRNewswire/ -- Venator Materials PLC (NYSE: VNTR) ("Venator") announced today that Vir Lakshman has been appointed to serve as a member of its Board of Directors. The appointment of Vir Lakshman was effective February 11, 2021. Mr. Lakshman worked for KPMG in Germany from 1999 to July 2019, where he was Head of Chemicals and Life Sciences in Germany and a Deal Advisory Partner. Prior to KPMG Mr. Lakshman held senior positions at GE Capital, including that of CFO at Budapest Bank in Hungary, and worked for Coopers and Lybrand (now PwC) in the UK and Germany. Mr. Lakshman, a UK Chartered Accountant, was appointed to serve as Chair of the Audit Committee. Simon Tu
WYNYARD, UK, Jan. 4, 2021 /PRNewswire/ -- Venator Materials PLC (NYSE: VNTR) ("Venator") announced today that Barry B. Siadat, Aaron C. Davenport and Heike van de Kerkhof have been elected as new members to its Board of Directors. The appointment of Dr. Siadat was effective December 31, 2020. Prior to co-founding SK Capital Partners, Dr. Siadat worked for 37 years in the chemicals and materials industries as an inventor, operator and investor. Dr. Siadat has been the chairman of several specialty materials and chemicals companies. He currently serves as Chairman of the Board for Ascend Performance Materials, Aristech Acrylics, Archroma and SI Group. Additionally, he serves on the Board o
UBS downgraded Venator Materials from Neutral to Sell and set a new price target of $0.65 from $2.05 previously
BMO Capital Markets downgraded Venator Materials from Market Perform to Underperform and set a new price target of $0.60 from $2.00 previously
BofA Securities downgraded Venator Materials from Neutral to Underperform and set a new price target of $2.00 from $2.50 previously
Deutsche Bank reiterated coverage of Venator Materials with a rating of Buy and set a new price target of $3.00 from $4.50 previously
UBS reiterated coverage of Venator Materials with a rating of Neutral and set a new price target of $2.95 from $3.50 previously
Deutsche Bank reiterated coverage of Venator Materials with a rating of Buy and set a new price target of $4.50 from $5.50 previously
B of A Securities downgraded Venator Materials from Buy to Neutral and set a new price target of $3.50
Morgan Stanley reiterated coverage of Venator Materials with a rating of Equal-Weight and set a new price target of $4.50 from $3.75 previously
Deutsche Bank Aktiengesellschaft reiterated coverage of Venator Materials with a rating of Buy and set a new price target of $5.50 from $3.00 previously
WYNYARD, UK, May 15, 2023 /PRNewswire/ -- Venator Materials PLC ("Venator" or the "Company") (NYSE:VNTR), a global manufacturer and marketer of chemical products, announces that it has reached an agreement with the overwhelming majority of its lenders and noteholders on the terms of a comprehensive recapitalization plan. The agreement will equitize nearly all of the Company's funded debt, strengthen its balance sheet and facilitate an infusion of new capital, which will position the Company for future growth and success. The recapitalization will be implemented through a prepackaged Chapter 11 process in the United States and will be financed by a debtor-in-possession ("DIP") financing fac
WYNYARD, UK, April 3, 2023 /PRNewswire/ -- Venator Materials PLC ("Venator") (NYSE:VNTR) announced today that it has completed the sale of its Iron Oxide business to Cathay Industries. The enterprise value of the transaction was $140 million and Venator expects to receive cash proceeds of approximately $130 million net of working capital adjustments, taxes, fees and other closing cash adjustments. Venator expects an approximate $50 million reduction of its ABL facility resulting in a net liquidity improvement of approximately $80 million. About VenatorVenator is a global manufacturer and marketer of chemical products that comprise a broad range of pigments and additives that bring color and
WYNYARD, UK, Feb. 23, 2023 /PRNewswire/ -- Venator Materials PLC ("Venator") (NYSE:VNTR) has filed its annual report on Form 20-F for the year ended December 31, 2022, with the U.S. Securities and Exchange Commission. The 2022 Form 20-F is available on Venator's website at https://www.venatorcorp.com/investor-relations and on the website of the U.S. Securities and Exchange Commission at www.sec.gov. Hard copies of the complete audited financial statements included in the 2022 Form 20-F are available to shareholders free of charge upon request. About VenatorVenator is a global manufacturer and marketer of chemical products that comprise a broad range of pigments and additives that bring colo
WYNYARD, UK, Feb. 21, 2023 /PRNewswire/ -- Fourth Quarter 2022 and Other Highlights The macro-economic environment deteriorated sharply in the second half of 2022 leading to significantly lower product demand and higher raw material and energy costs, with TiO2 sales volumes (44)% lower compared to the fourth quarter 2021 and (28)% lower compared to the prior periodNet loss attributable to Venator of $(228) million compared to net income of $14 million in the prior year periodAdjusted EBITDA of $(57) million compared to $40 million in the prior year periodNet cash used in operating activities was $(27) million and free cash flow was $(48) millionDiluted loss per share of $(2.11) and adjusted
WYNYARD, UK, Feb. 9, 2023 /PRNewswire/ -- Venator Materials PLC (NYSE:VNTR) ("Venator") will hold a conference call to discuss its fourth quarter and full year 2022 financial results on Tuesday, February 21, 2023, at 08:00 a.m. ET. Results will be released to the public before the market opens that day via PR Newswire. Call-in numbers for the conference call: U.S. participants 1-833-366-1118 International participants 1-412-902-6770 (No passcode required) In order to facilitate the registration process, you may use the following link to pre-register for the conference call. Callers who pre-register will be given a unique PIN and separate call-in number to gain immediate access to the call an
Fourth Quarter 2022 Highlights Macro environment continues to be challenging due to significantly higher energy costs and lower product demandAdjusted EBITDA for the fourth quarter of 2022 estimated to be negative $(57)-(62) millionLiquidity position is estimated at approximately $275 million as of December 31, 2022Moelis & Company and Kirkland & Ellis appointed as respective financial and legal advisors, in addition to Alvarez & Marsal as the previously engaged operational advisor, to assist with strategic review and engagement with stakeholdersAppointment of two new independent directors, Stefan M. Selig and Jame Donath, who bring extensive and highly relevant experience to the BoardStefan
New partnership supports Venator's sustainability ambition WYNYARD, UK, Dec. 7, 2022 /PRNewswire/ -- Venator (NYSE:VNTR) today announced that it is working with Atos – a global leader in digital transformation – to measure the carbon footprint of its products. As Venator increases its focus on sustainability across its operations, this strategic project will enable the business to deliver data on the carbon footprint of its products to its customers and accelerate its sustainability ambitions. Atos will help Venator gather key insights from its existing data that will enable enterprise-wide deployment of a specialist digital product carbon footprint (PCF) tool originally developed by BASF.
WYNYARD, UK, Nov. 14, 2022 /PRNewswire/ -- Third Quarter 2022 Highlights Net loss attributable to Venator of $50 million compared to $47 million in the prior year periodAdjusted EBITDA of $(8) million compared to $48 million in the prior year periodNet cash used in operating activities of $74 million and free cash flow of $(90) million Diluted earnings per share of $(0.46) and adjusted diluted earnings per share of $(0.33)Titanium Dioxide (TiO2) sales volumes declined 25% compared to the prior quarter and 29% compared to the prior year periodImplements a $50 million cost reduction programClosed a sale-leaseback transaction for Color Pigments manufacturing facility in Los Angeles, California
WYNYARD, UK, Nov. 4, 2022 /PRNewswire/ -- Venator Materials PLC (NYSE:VNTR) ("Venator") received written notice on November 2, 2022, from the NYSE indicating that Venator is no longer in compliance with the continued listing standard set forth in Section 802.01C of the NYSE's Listed Company Manual because the average closing price of the Company's ordinary shares was less than $1.00 per share over a consecutive 30 trading-day period. The notice does not result in the immediate delisting of the company's ordinary shares from the NYSE. Venator plans to notify the NYSE by November 16, 2022, that it intends to cure the stock price deficiency and return to compliance with the NYSE continued listi
Visit Venator at Messe Munich, Germany from October 24- 30, 2022 WYNYARD, United Kingdom, Oct. 12, 2022 /PRNewswire/ -- Venator is returning to Bauma this October where it will highlight its expertise in the manufacture of pigment dosing machines designed specifically for the construction industry and for coloring concrete. Known worldwide for its extensive range of inorganic pigments and functional additives, Venator has also developed a leading portfolio of pigment dosing systems that can be used in conjunction with specialist pigment preparations to transform grey concrete into any shade in the color spectrum. Visitors to Bauma will be able to see one of Venator's GRANUMAT™ automatic dos
Venator Materials Plc (NYSE:VNTR) announces an agreement on the terms of a comprehensive recapitalization plan that will be implemented in the United States through a prepackaged Chapter 11 process. A debtor-in-possession financing facility will fund the recapitalization, which includes a commitment of $275 million in new money from VNTR's supporting creditors. Simon Turner, President, and Chief Executive Officer of Venator, commented: "We have faced unprecedented economic headwinds, including significantly lower product demand and higher raw material and energy costs in the second half of 2022, but Venator's management, alongside our advisors, has worked tirelessly to assess all viable
Venator Materials PLC ("Venator" or the "Company") (NYSE:VNTR), a global manufacturer and marketer of chemical products, announces that it has reached an agreement with the overwhelming majority of its lenders and noteholders on the terms of a comprehensive recapitalization plan. The agreement will equitize nearly all of the Company's funded debt, strengthen its balance sheet and facilitate an infusion of new capital, which will position the Company for future growth and success. The recapitalization will be implemented through a prepackaged Chapter 11 process in the United States and will be financed by a debtor-in-possession ("DIP") financing facility, which includes a commitment for $2
During Thursday's session, 99 companies made new 52-week lows. Points of Interest From Today's 52-Week Lows: Trimble (NASDAQ:TRMB) was the biggest company on a market cap basis to set a new 52-week low. Allarity Therapeutics (NASDAQ:ALLR) was the smallest company by market cap to set a new 52-week low. Windtree Therapeutics (NASDAQ:WINT) saw the largest move of the companies, as shares plummetted 56.79% to hit a new 52-week low. PIMCO Dynamic Income (NYSE:PDI)'s stock bounced back the most, actually rising 0.0% after reaching its new 52-week low. Stocks that set new 52-week lows on Thursday are as follows: Trimble (NASDAQ:TRMB) shares reached a new 52-week low of $46.85 on Thu
The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30. Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. Myers Industries, Inc. (NYSE:MYE) Myers Industries reported worse-than-expected Q4 sales results. Myers Industries President and CEO Mike McGaugh said, "2022 w
Upgrades According to UBS, the prior rating for Vipshop Holdings Ltd (NYSE:VIPS) was changed from Neutral to Buy. For the fourth quarter, Vipshop Holdings had an EPS of $0.53, compared to year-ago quarter EPS of $0.41. At the moment, the stock has a 52-week-high of $16.18 and a 52-week-low of $5.75. Vipshop Holdings closed at $13.62 at the end of the last trading period. Canaccord Genuity upgraded the previous rating for Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) from Hold to Buy. For the fourth quarter, Kratos Defense & Security had an EPS of $0.08, compared to year-ago quarter EPS of $0.11. The stock has a 52-week-high of $22.26 and a 52-week-low of $8.90. At the end of the l
Deutsche Bank analyst David Begleiter downgrades Venator Materials (NYSE:VNTR) from Buy to Hold and lowers the price target from $1 to $0.5.
BMO Capital analyst John McNulty maintains Venator Materials (NYSE:VNTR) with a Underperform and lowers the price target from $0.8 to $0.5.
Companies Reporting Before The Bell • Sohu.com (NASDAQ:SOHU) is likely to report earnings for its fourth quarter. • Adtran (NASDAQ:ADTN) is estimated to report quarterly earnings at $0.16 per share on revenue of $366.69 million. • Dillard's (NYSE:DDS) is estimated to report quarterly earnings at $11.60 per share on revenue of $2.14 billion. • Diamondrock Hospitality (NYSE:DRH) is estimated to report quarterly earnings at $0.11 per share on revenue of $250.54 million. • Navios Maritime Partners (NYSE:NMM) is likely to report quarterly earnings at $5.34 per share on revenue of $382.55 million. • NexPoint Residential (NYSE:NXRT) is projected to report earnings for its fourth quarter. • T
We are in the process of restarting production for both TiO2 and functional additives in the first quarter of 2023, however we do not believe it is economically viable to continue TiO2 production longer term. We therefore intend to permanently close TiO2 production at our Duisburg site unless economic conditions meaningfully improve. As a result, we will engage with the relevant works council when required. We intend to transfer the production of certain specialty TiO2 products to other sites with lower manufacturing costs.
Venator Materials (NYSE:VNTR) reported quarterly losses of $(0.20) per share which beat the analyst consensus estimate of $(0.47) by 57.45 percent. This is a 300 percent decrease over losses of $(0.05) per share from the same period last year. The company reported quarterly sales of $366.00 million which missed the analyst consensus estimate of $371.70 million by 1.53 percent. This is a 31.59 percent decrease over sales of $535.00 million the same period last year.