COLUMBUS, OH — Hexion Inc. announced results for the first quarter ended March 31, 2018, reporting an increase in sales of 9%.
“Hexion reported strong Segment EBITDA gains of 24% and sales growth of 9%, respectively, in the first quarter of 2018,” said Craig A. Rogerson, Chairman, President and CEO. “First quarter 2018 Segment EBITDA reflected significant improvement in our base epoxy resins and phenolic specialty resins businesses, as well as the positive impact of our recent structural cost reduction initiatives. We also drove higher Segment EBITDA in all regions of our formaldehyde and forest products resins business.”