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Atotech (NYSE: ATC) reported a strong first quarter revenue of $353 million, a 25% increase year-over-year, along with a net loss of $72 million due to one-time refinancing costs. Adjusted EBITDA rose 32% to $110 million, reflecting organic revenue growth in chemistry of 13%. The company has raised its full-year organic revenue growth guidance to 11% to 13% and adjusted EBITDA guidance to $415 million to $435 million. Despite supply chain pressures, management remains optimistic about growth fueled by trends in 5G, electronics, and automotive sectors.
Atotech (NYSE: ATC) is set to release its Q1 2021 earnings on May 4, 2021, at 6:00 a.m. ET, followed by a conference call at 8:00 a.m. ET to discuss the results. The company, specializing in advanced electroplating solutions, reported annual revenues of $1.2 billion in 2020. Interested participants can join the call by dialing +1 833 714-3263 (US) or +1 270 823-1866 (international) using conference ID 5176076. A live audio webcast will be available on Atotech's website, with a replay accessible for 180 days.
Atotech (NYSE: ATC) announced that Sarah Spray will join as Global Head of Investor Relations & Communications on April 15, 2021. Reporting to CFO Peter Frauenknecht, Spray brings extensive capital market experience and communication skills. She succeeds Paul Goldberg, who has left to pursue other opportunities. Atotech, headquartered in Berlin, is a leader in specialty chemicals technology with $1.2 billion in annual revenues (2020) and a global team of 4,000 experts. This management change could enhance Atotech’s investor relations strategy, benefiting shareholder communication.
Atotech (NYSE: ATC) has successfully refinanced its senior secured credit facilities, involving five subsidiaries. The refinancing includes a $1.35 billion USD Term Loan, a €200 million EUR Term Loan, and a $250 million multi-currency Revolving Credit Facility. These loans mature between March 2026 and 2028, providing financial flexibility and reduced interest expenses. CFO Peter Frauenknecht highlighted the reduced leverage post-IPO and the favorable terms of the refinanced loans, which support continued business investment.
Atotech (NYSE: ATC) has announced the full operational status of its new production site in Yangzhou, China. This facility, Atotech's second chemistry plant in China, enhances capacity to meet growing demand in the Electronics and General Metal Finishing sectors. It boasts a production capacity of 27,000 tons per year across 14 vessels. The facility also implements cutting-edge waste-water treatment systems, significantly reducing discharge amounts. Atotech operates a global network of 17 production sites, emphasizing its commitment to quality and operational efficiency.
Atotech (NYSE: ATC) reported fourth quarter 2020 revenues of $365 million, an 18% increase year-over-year, with organic chemistry revenue growth of 5%. The company achieved a net income of $22 million and an adjusted EBITDA of $106 million, reflecting a 5% annual increase. For 2021, Atotech anticipates organic revenue growth between 10% and 12% and adjusted EBITDA of $405 million to $425 million, indicating a 14% increase over 2020. The company successfully reduced net leverage to 5.1x by year-end 2020.
Atotech (NYSE: ATC) will release its fourth-quarter 2020 earnings on March 4, 2021, at 6:00 a.m. ET, followed by a conference call at 8:00 a.m. ET to discuss the results. Interested parties can join the call by dialing +1 833 714-3263 (US) or +1 270 823-1866 (international), using conference ID 3943049. The company reported $1.2 billion in annual revenues in 2019 and has a workforce of 4,000 across 40 countries.
Atotech specializes in advanced electroplating solutions and serves multiple markets including consumer electronics and automotive.
Atotech (NYSE: ATC) successfully completed its initial public offering (IPO) on February 4, 2021, offering 29,268,000 shares at $17.00 each, raising approximately $497.6 million before expenses. This marks a significant milestone for the leading specialty chemicals technology company, known for its advanced electroplating solutions. The IPO was led by major underwriters including Citigroup, Credit Suisse, and BofA Securities. Atotech operates globally, employing 4,000 experts and generating annual revenues of $1.2 billion in 2019 across various industries, including consumer electronics and automotive.
Atotech has priced its initial public offering (IPO) at $17.00 per share, with 29,268,000 common shares available. Trading is anticipated to start on February 4, 2021, under the ticker symbol ATC, and the offering is expected to close on February 8, 2021, subject to customary conditions. The underwriters, including Citigroup and Credit Suisse, hold a 30-day option for an additional 4,390,200 shares. Atotech specializes in advanced electroplating solutions and generated $1.2 billion in revenue in 2019.
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