Axiall Corp. (AXLL) Tops Q2 EPS by 11c

Axiall Corp. (NYSE: AXLL) reported Q2 EPS of $0.12, $0.11 better than the analyst estimate of $0.01. Revenue for the quarter came in at $776.1 million versus the consensus estimate of $838 million.

On June 10, 2016, the company entered into an agreement and plan of merger with Westlake Chemical Corporation (“Westlake”) and Lagoon Merger Sub, Inc., a newly formed wholly owned subsidiary of Westlake.

On August 1, 2016, Axiall filed a definitive proxy statement with the United States Securities and Exchange Commission (the “SEC”) to notify the company’s shareholders of a special meeting to be held on August 30, 2016 to vote on the proposed merger with Westlake (the “Merger”). Axiall and Westlake have received all regulatory approvals required for the Merger, including approvals required by U.S. and Canadian competition laws.

The company has terminated its previously announced sales process for the remainder of its Building Products business.

For earnings history and earnings-related data on Axiall Corp. (AXLL) click here.

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