Q1 2010 Texas Petrochemicals, Inc Earnings Release - Before Market Open

Earnings Announcements for Friday, November 13CompanySymbolTimeConferenceCallAbercrombie & Fitch Co.ANFBefore Market OpenListenAbitibiBowater Inc.ABWTQ.PKAfter Market CloseACEA SPAACEJF.PKTime Not SuppliedACOTEL GROUP S.P.AACO.MITime Not SuppliedADAMPAK LIMITED5EZ.SIAfter Market CloseAdams Resources & EnergyAETime Not SuppliedADHEREX TECHNOLOGIES INCADHXF.PKTime Not SuppliedAEDES(SPA LIG LOMB IMPRES E COSTR)AE.MITime Not SuppliedAeroCenturyACYTime Not SuppliedAEROPORTO DI FIRENZE ADF SPAAFI.MITime Not SuppliedAF GRUPPEN ASAAFG.OLTime Not SuppliedAgilent Technologies Inc.ABefore Market OpenListenAGTECH HOLDINGS LIMITEDAGTEF.PKAfter Market CloseAlfacellACEL.PKTime Not SuppliedALGETA ASAGJ9.F02:00 am ETALSTRIA OFFICE REIT-AGAOX.FTime Not SuppliedAMARA HOLDINGS INCA34.SIAfter Mar...
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Texas Petrochemicals Reports Fiscal 2010 First Quarter Results

HOUSTON, Nov. 13 /PRNewswire-FirstCall/ -- Texas Petrochemicals, Inc., (OTC:TXPI.PK:) today reported revenues of $340.2 million for the first quarter of fiscal 2010 compared to $543.3 million in last year's first quarter and $260.9 million in the immediately preceding fourth quarter of fiscal 2009. The 37% decline compared to the prior year quarter reflects substantially lower selling prices driven by lower petrochemical and fuel-related prices that were approximately half of fiscal 2009 first quarter levels, partially offset by 12% higher sales volume. The 30% sequential improvement reflects significant improvement in average selling prices, partially offset by 9% lower sales volume. First quarter net income was $3.7 million, or $0.21 per diluted share, compared to $1.4 million, or $0.08 per diluted share, for the prior year quarter and $7.8 million, or $0.44 per diluted share, for the immediately preceding quarter. First quarter Adjusted EBITDA (earnings before interest, taxes, depreciation, amortization and additional items) was $20.0 million compared to $18.3 million for the year ago quarter and $33.7 million for the fourth quarter of fiscal 2009. Fourth quarter Adjusted EBITDA benefited from the partial recovery of a business interruption claim of $10.0 million. (Note: Adjusted EBITDA is a non-GAAP financial measure and is reconciled below to net income, the most closely related GAAP measure). Charlie Shaver, President and CEO, commented, "I am quite pleased with our fiscal 2010 first quarter results considering the generally weak economic conditions that persisted throughout the quarter. Our business lines continue to experience an upward trend in selling prices across our product lines, and we are seeing improved stability in our profit margins. The increases in our selling prices, to a significant degree, reflect tightness in the...
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Texas Petrochemicals to Present at the Oppenheimer Fourth Annual Industrials Conference

HOUSTON, Nov. 12 /PRNewswire-FirstCall/ -- Texas Petrochemicals, Inc. (the "Company") (OTC: TXPI - News) today announced that the Company will participate in the Oppenheimer Fourth Annual Industrials Conference to be held at The Millennium Broadway Hotel in New York City. Ruth Dreessen, Executive Vice President and Chief Financial Officer, is scheduled to present on Tuesday, November 17, 2009 at 4:15 p.m. Eastern Time. The presentation will be broadcast live over the Internet. The live web cast link will be available on the Company's website at www.txpetrochem.com and will be archived there for approximately ninety days following the presentation. A copy of the slide presentation will also be available in the Investor Relations' section of the Company's website.Headquartered in Houston, Texas, Texas Petrochemicals Inc. sells products into a wide range of performance, specialty and intermediate markets, including synthetic rubber, fuel additives, plastics and detergents. The Company has manufacturing facilities in the industrial corridor adjacent to the Houston Ship Channel, Port Neches and Baytown, Texas and operates a product terminal in Lake Charles, Louisiana. For more information, visit the Company's web site at ...
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Texas Petrochemicals Announces Fiscal 2010 First Quarter Earnings and Conference Call Schedule

HOUSTON, Oct. 28 /PRNewswire-FirstCall/ -- Texas Petrochemicals, Inc., (OTC: TXPI.PK - News) announced today it will release its fiscal 2010 first quarter financial results before the market opens on Friday, November 13, 2009. In conjunction with the release, the Company has scheduled a conference call that will be broadcast live over the internet that same day at 10:30 a.m. Eastern Time (9:30 a.m. Central). What: Texas Petrochemicals Fiscal 2010 First Quarter Earnings Conference Call When: Friday, November 13, 2009 - 10:30 a.m. Eastern Time How: Live via Conference Call - Dial (480) 629-9722 at least 10 minutes prior to the start time and ask for the Texas Petrochemicals call Live via webcast- Log on to the website address below Where: www.txpetrochem.com. The webcast can be accessed from the Investor Relations/Presentations & Webcast page For those unable to listen to the live call, a replay will be available through Friday, November 27, 2009 by calling (303) 590-3030 using pass code 4177981#. Also, an archive of the webcast will be available shortly after the call on the Company's website at ...
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Texas Petrochemicals Announces Fiscal 2010 First Quarter Earnings and Conference Call Schedule

HOUSTON, Oct. 28 /PRNewswire-FirstCall/ -- Texas Petrochemicals, Inc., (OTC: TXPI.PK - News) announced today it will release its fiscal 2010 first quarter financial results before the market opens on Friday, November 13, 2009. In conjunction with the release, the Company has scheduled a conference call that will be broadcast live over the internet that same day at 10:30 a.m. Eastern Time (9:30 a.m. Central). What: Texas Petrochemicals Fiscal 2010 First Quarter Earnings Conference Call When: Friday, November 13, 2009 - 10:30 a.m. Eastern Time How: Live via Conference Call - Dial (480) 629-9722 at least 10 minutes prior to the start time and ask for the Texas Petrochemicals call Live via webcast- Log on to the website address below Where: www.txpetrochem.com. The webcast can be accessed from the Investor Relations/Presentations & Webcast page For those unable to listen to the live call, a replay will be available through Friday, November 27, 2009 by calling (303) 590-3030 using pass code 4177981#. Also, an archive of the webcast will be available shortly after the call on the Company's website at ...
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Texas Petrochemicals Announces Appointment of Chairman and Two New Directors

HOUSTON, Sept. 29 /PRNewswire-FirstCall/ -- Texas Petrochemicals Inc. (the "Company") (OTC:TXPI - News) today announced that the Board of Directors has expanded the Board of Directors to ten (10) members and has appointed three new directors: Michael E. Ducey, who will also serve as Chairman of the Board of Directors, Richard B. Marchese and Jeffrey M. Nodland. Charlie Shaver, the Company's President and CEO, said: "I am excited by the additions of Mike, Dick and Jeff to the Board of Directors. As the Company's Chairman, Mike will bring invaluable industry expertise and experience to assist the Board and management in determining the future direction of the Company. In addition, the Company looks forward to tapping Dick's financial expertise in our Audit Committee as part of our ongoing Sarbanes-Oxley compliance efforts with a view toward the possible registration of our securities. Finally, Jeff will offer a valuable perspective for the Board on strategic, operational and commercial issues. With the addition of these three experienced directors, the Board is uniquely positioned to work with management to drive value for the Company and its stockholders."Mr. Ducey has held a series of key senior executive and director positions during an almost forty year career in the industry. He was President and Chief Executive Officer and a director of Compass Minerals International, Inc., a producer of salt and specialty fertilizers, from 2002 to 2006, where he led the company to a successful initial public offering in Dec...
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Q4 2009 TEXAS PETROCHEMICALS INC Earnings Release - Before Market Open

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Texas Petrochemicals Reports Fiscal 2009 Fourth Quarter and Full Year Results

HOUSTON, Sept. 18 /PRNewswire-FirstCall/ -- Texas Petrochemicals, Inc., (OTC:TXPI.PK - News) today reported revenues of $260.9 million for the fourth quarter of fiscal 2009, which compares to $558.2 million reported in last year's fourth quarter and $162.6 million reported in the immediately preceding third quarter. The 53% decline compared to the prior year quarter was driven primarily by significantly lower average selling prices that reflect fuel related prices that were approximately half of what they were in the prior year period. The 60% sequential improvement compared to the third quarter reflects significant increases in both sales volumes and average selling prices. Fourth quarter net income was $7.8 million, or $0.44 per diluted share, compared to $13.9 million, or $0.77 per diluted share, for the prior year quarter and a net loss of $5.3 million, or $0.30 per diluted share, for the immediately preceding third quarter. Fourth quarter Adjusted EBITDA (earnings before interest, taxes, depreciation, amortization and additional items) was $33.7 million compared to $36.5 million for the year ago quarter and $5.4 million for the third quarter of this year. Fourth quarter net income and Adjusted EBITDA reflect the positive impact of a partial business interruption insurance recovery related to Hurricane Ike of $10.0 million (pretax), and net income includes the negative impact of a non-cash impairment charge of $6.0 million (pretax). (Note: Adjusted EBITDA is a non-GAAP financial measure and is reconciled below to net income, the most closely related GAAP measure). ...
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Texas Petrochemicals Announces Fiscal 2009 Fourth Quarter Earnings and Conference Call Schedule

HOUSTON, Sept. 3 /PRNewswire-FirstCall/ -- Texas Petrochemicals, Inc., (OTC: TXPI.PK - News) announced today it will release its fiscal 2009 fourth quarter financial results before the market opens on Friday, September 18, 2009. In conjunction with the release, the Company has scheduled a conference call that will be broadcast live over the internet that same day at 9:30 a.m. Eastern Time (8:30 a.m. Central). What: Texas Petrochemicals Fiscal 2009 Fourth Quarter Earnings Conference Call When: Friday, September 18, 2009 - 9:30 a.m. Eastern Time How: Live via Conference Call - Dial (480) 629-9692 at least 10 minutes prior to the start time and ask for the Texas Petrochemicals call Live via webcast- Log on to the website address below Where: www.txpetrochem.com. The webcast can be accessed from the Investor Relations/Presentations & Webcast page For those unable to listen to the live call, a replay will be available through Friday, October 2, 2009 by calling (303) 590-3030 using pass code 4146923#. Also, an archive of the webcast will be available shortly after the call on the Company's website at ...
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Potter resigns as Texas Petrochemicals chairman

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