Latest news for Akzo Nobel (OTC:AKZOF) Stock

Netherlands-based AkzoNobel is the world's third-largest paint and coatings producer. Europe is the largest market, with around 46% of sales generated in the Europe, Middle East, and Africa, or EMEA, region. Cumulatively, the Asia-Pacific and Latin American divisions have also grown quickly to more than 40% of sales. Construction-related end markets are the most important, but meaningful revenue is also generated from the industrial, consumer goods, and transportation markets.

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Stocks That Hit 52-Week Highs On Wednesday

Earnings

Akzo Nobel Q1 Net Profit Drops 45%

Akzo Nobel NV

Akzo Nobel NV (OTC: AKZOF) reported a decline in its first-quarter net profit.

Akzo Nobel's net profit dipped 45% to EUR71 million, versus estimates of EUR99.4 million. Its revenue climbed 5.6% to EUR3.97 billion, versus analysts' estimates of EUR3.85 billion.

At its Decorative Paints division, revenue surged 3.8% to EUR1.24 billion. Performance Coatings revenue surged 11% to EUR1.37 billion, while Specialty Chemicals revenue gained 3.6% to EUR1.4 billion.

While recessions aren't the norm, they aren't particularly uncommon. It makes sense to prepare yourself and your portfolio for a recession before one occurs. In such a market environment, a stock like PPG Industries may seem appealing.

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Akzo Nobel

Akzo Nobel NV (OTC: AKZOF) reported a decline in its first-quarter net profit.

Akzo Nobel's net profit dipped 45% to EUR71 million, versus estimates of EUR99.4 million. Its revenue climbed 5.6% to EUR3.97 billion, versus analysts' estimates of EUR3.85 billion.

At its Decorative Paints division, revenue surged 3.8% to EUR1.24 billion. Performance Coatings revenue surged 11% to EUR1.37 billion, while Specialty Chemicals revenue gained 3.6% to EUR1.4 billion.


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Latest news for Akzo Nobel (OTC:AKZOF) Stock

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