OverviewSuggest Edit
Ciner Resources Corporation is one of the world’s largest producers of natural soda ash. Ciner uses an all-natural, environmentally-friendly mining process that produces a pure, high-quality product every day. The Company processes trona ore into soda ash, a raw material in flat glass, container glass, detergents, chemicals, paper and other consumer and industrial products.
| Type | Public | |
| Founded | 1962 | |
| HQ | Atlanta, US | Map |
| Website | ciner.us.com |
Key People/Management at Ciner Resources
Oğuz Erkan
Chairman, President and CEO
Atilla Ciner
Director
Eduard Freydel
Vice President of Finance
Gürsel Usta
Director
Ray Katekovich
Vice President, Commercial
Ahmet Tohma
Director
Ciner Resources Office Locations
Ciner Resources has offices in Atlanta and Green River
Atlanta, US (HQ)
5 Concourse Pkwy
Green River, US
254 County Road 4
Ciner Resources Financials and Metrics
Ciner Resources Revenue
Ciner Resources's revenue was reported to be $486.70 m in FY, 2018
| USD | |
|---|---|
Revenue (Q3, 2019) | 137.2m |
Gross profit (Q3, 2019) | 43.3m |
Gross profit margin (Q3, 2019), % | 31.6% |
Net income (Q3, 2019) | 29.9m |
EBIT (Q3, 2019) | 31.4m |
Market capitalization (13-Feb-2020) | 345.4m |
Closing stock price (13-Feb-2020) | 17.5 |
Cash (30-Sept-2019) | 12.2m |
EV | 466.2m |
Ciner Resources's current market capitalization is $345.4 m.
Annual
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 109.9m | 123.4m | 130.4m | 129.8m | 137.2m | ||||||||||||||
Cost of goods sold | 79.4m | 84.0m | 79.9m | 76.3m | 82.4m | 85.6m | 79.2m | 80.2m | 81.7m | 83.9m | 91.4m | 89.0m | 88.0m | 86.4m | 88.7m | 90.0m | 90.2m | 90.6m | 93.9m |
Gross profit | 21.2m | 33.4m | 40.2m | 39.2m | 43.3m | ||||||||||||||
Gross profit Margin, % | 19% | 27% | 31% | 30% | 32% |
Annual
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 106.8m | 35.4m | 46.4m | 56.2m | 36.4m | 19.2m | 13.7m | 22.9m | 16.8m | 29.6m | 11.4m | 15.8m | 13.8m | 22.1m | 20.9m | 26.6m | 17.5m | 9.4m | 12.2m |
Accounts Receivable | 88.3m | 32.6m | 33.0m | 31.4m | 35.4m | 30.8m | 37.4m | 42.1m | 38.8m | 41.4m | 35.3m | 39.6m | |||||||
Prepaid Expenses | 1.5m | 600.0k | 1.9m | 2.5m | 1.3m | 1.8m | 1.5m | 1.1m | 1.7m | 1.2m | 1.6m | 2.0m | 1.5m | 1.8m | 2.1m | 1.4m | |||
Inventories | 44.7m | 42.3m | 44.0m | 46.7m | 49.3m | 26.3m | 29.7m | 28.3m | 26.7m | 24.6m | 22.6m | 20.8m | 20.2m | 24.8m | 22.4m | 21.9m |
Annual
Quarterly
| USD | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 45.2m | 21.6m | 42.7m | 64.3m | 26.5m | 51.0m | 77.9m | 21.1m | 42.9m | 22.4m | 39.9m | 59.2m | 20.9m | 55.4m | 74.4m | 25.2m | 49.0m | 78.9m | |
Depreciation and Amortization | 18.1m | 5.4m | 11.4m | 16.8m | 5.7m | 11.6m | 17.4m | 6.3m | 12.8m | 19.6m | 6.8m | 13.4m | 20.5m | 6.8m | 14.3m | 21.7m | 6.3m | 13.3m | 20.2m |
Inventories | (2.6m) | (600.0k) | (2.3m) | (4.8m) | (6.0m) | (4.8m) | (7.4m) | (2.1m) | (600.0k) | 1.6m | (300.0k) | 800.0k | 800.0k | (3.2m) | (1.5m) | (900.0k) | (2.1m) | (300.0k) | |
Accounts Payable | (3.8m) | (3.9m) | (2.8m) | (3.6m) | 2.9m | 1.5m | 1.6m | (300.0k) | 1.0m | 2.1m | 1.8m | 1.7m | 3.4m | 5.2m | (600.0k) | 2.2m | 2.2m | (3.8m) | (1.2m) |
| USD | Y, 2019 |
|---|---|
EV/EBIT | 14.8 x |
EV/CFO | 6.8 x |
Debt/Equity | 0.5 x |
Debt/Assets | 0.3 x |
Financial Leverage | 1.7 x |
Ciner Resources Online and Social Media Presence
Ciner Resources's Trends
Ciner Resources News and Updates
November 12, 2018
Ciner Resources to Exit ANSAC
WESTPORT, Conn., Nov. 12, 2018 /PRNewswire/ -- Ciner Resources Corporation ("Ciner Resources") provided notification on November 9, 2018, that it has exercised its right to withdraw from American Natural Soda Ash Corp. ("ANSAC"). Ciner Resources will exit effective December 31, 2021, with ...
Ciner Resources Blogs
September 01, 2019
One ingredient. Many industries.
Soda ash is an essential raw material used in many applications and industries, including glass, detergents and soaps, chemicals, and building manufacturing. As such, soda ash is one of the most widely used and important commodities in the United States, contributing substantially to the gross domes…
August 01, 2019
Recycle, Refine, Reuse
As a global leader of the soda ash industry, we feel it is our corporate responsibility to set an environment-friendly precedent when it comes to mining trona from the Green River Basin. We understand how important the environment is to the future of our industry. As a result, our soda ash is mined …
July 01, 2019
Ciner Wins First Place Overall at Surface Rescue Competition
SweetwaterNow.com reports, “The Ciner Mine Rescue teams are, needless to say, on a roll these days. Ciner successfully brought home the trophy for 1st Overall at the Southwest Wyoming Mutual Aid Surface Rescue Competition. The Ciner team competed against 12 other teams from Wyoming, Utah, Colorado …
June 01, 2019
Ciner Wins First Place At Kansas Shootout
SweetwaterNow.com recently reported, “The Ciner Blue Rescue Team recently competed in the Kansas Shootout and brought home some championship hardware from that competition. The mine rescue event takes place in Hutchinson, Kansas each year. Rescue teams from all over the nation competed using simulat…
May 29, 2019
Ciner Wins Industrial Minerals Association of North America Safety Award
May 21, 2019 - The Industrial Minerals Association of North America (IMA-NA) announced the companies and mining operations that received safety recognition awards. IMA-NA Chairman Doug Smith and IMA-NA President Mark Ellis presented the awards at the IMA-NA’s Spring Meeting in Washington, DC. The sa…
May 01, 2019
Ciner Takes First Place In Team Tech Competition
One of Ciner’s mine rescue teams recently won first place in the Team Tech Competition held in Ruidoso, New Mexico. The team trained and competed against other teams from around the country. SweetwaterNow.com explains, “The entire competition was held in the dark to simulate conditions in a mine…Tea…
Ciner Resources Frequently Asked Questions
When was Ciner Resources founded?
Ciner Resources was founded in 1962.
Who are Ciner Resources key executives?
Ciner Resources's key executives are Oğuz Erkan, Atilla Ciner and Eduard Freydel.
How many employees does Ciner Resources have?
Ciner Resources has 488 employees.
What is Ciner Resources revenue?
Latest Ciner Resources annual revenue is $486.7 m.
What is Ciner Resources revenue per employee?
Latest Ciner Resources revenue per employee is $997.3 k.
Who are Ciner Resources competitors?
Competitors of Ciner Resources include Incitec Pivot, Intrepid Potash and Tronox.
Where is Ciner Resources headquarters?
Ciner Resources headquarters is located at 5 Concourse Pkwy, Atlanta.
Where are Ciner Resources offices?
Ciner Resources has offices in Atlanta and Green River.
How many offices does Ciner Resources have?
Ciner Resources has 2 offices.
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