Axiall Reports First-Quarter 2015 Results

05/05/2015

Axiall Reports First-Quarter 2015 Results

ATLANTA--(BUSINESS WIRE)--May 5, 2015-- Axiall Corporation (NYSE: AXLL) today announced financial results for the quarter ended March 31, 2015. The company reported net sales of $947.6 million for the first quarter of 2015, compared to net sales of $993.7 million for the first quarter of 2014. The company reported a net loss attributable to Axiall of $10.6 million, or a $0.15 loss per diluted share, for the first quarter of 2015, compared to a net loss attributable to Axiall of $11.6 million, or $0.17 loss per diluted share, for the first quarter of 2014. The company reported an Adjusted Net Loss of $3.6 million and an Adjusted Loss Per Share of $0.05 for the first quarter of 2015, compared to an Adjusted Net Loss of $5.3 million and an Adjusted Loss Per Share of $0.08 for the first quarter of 2014. The company reported Adjusted EBITDA of $83.2 million for the first quarter of 2015, compared to Adjusted EBITDA of $67.6 million for the first quarter of 2014. “Our first-quarter results were primarily driven by higher operating rates and lower ethylene and natural gas costs compared to the first quarter of last year. The benefit from these impacts was partially offset by lower caustic and vinyl prices,” said President and CEO Paul Carrico. “In our Building Products segment, we experienced volume growth in both the U.S. and Canadian markets, but this was more than offset by the impact of a weaker Canadian dollar compared to the same period last year.”

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