OverviewSuggest Edit

Hexion (formerly known as Momentive Specialty Chemicals) is a company that provides thermoset resins. It manufactures and sells synthetic resins, plastics materials, adhesive and sealant additives, ceramics, coatings, and silicone-based adhesives. The company serves the oil and gas, construction, automotive, wind energy, and transportation industries.

TypePublic
Founded1899
HQColumbus, OH, US
Websitehexion.com
Employee Ratings3.8
Overall CultureB

Latest Updates

Employees (est.) (Dec 2020)2,600(-35%)
Job Openings65
Revenue (FY, 2020)$2.5 B(-25%)
Share Price (Sept 2021)$21.8
Cybersecurity ratingAMore

Key People/Management at Hexion

Craig A. Rogerson

Craig A. Rogerson

Chairman, President and Chief Executive Officer
George F. Knight

George F. Knight

Executive Vice President and Chief Financial Officer
Douglas A. Johns

Douglas A. Johns

Executive Vice President and General Counsel
John P. Auletto

John P. Auletto

Executive Vice President - Human Resources
Paul G. Barletta

Paul G. Barletta

Executive Vice President, Operations
Nathan Fisher

Nathan Fisher

Executive Vice President - Chief Procurement Officer
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Hexion Office Locations

Hexion has offices in Columbus, Alexandria, Batesville, Baytown and in 56 other locations
Columbus, OH, US (HQ)
Ohio Health, 180 E Broad St
Alexandria, LA, US
3901 Sugar House Rd
Batesville, AR, US
2120 N St Louis
Baytown, TX, US
8450 W Bay Rd
Bellevue, WA, US
520 112th Ave NE 4th Flr
Brady, TX, US
45 Acfrac Rd. &, Old Mason Rd
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Hexion Financials and Metrics

Hexion Revenue

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Hexion's revenue was reported to be $2.51 b in FY, 2020 which is a 25.6% decrease from the previous period.
USD

Revenue (Q1, 2021)

753.0m

Gross profit (Q1, 2021)

169.0m

Gross profit margin (Q1, 2021), %

22.4%

Net income (Q1, 2021)

11.0m

EBIT (Q1, 2021)

48.0m

Cash (31-Mar-2021)

134.0m
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

3.8b3.4b2.5b

Revenue growth, %

6%(11%)(26%)

Cost of goods sold

3.2b2.8b2.0b

Gross profit

571.0m563.0m467.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

886.0m892.0m836.0m826.0m628.0m634.0m753.0m

Cost of goods sold

750.0m757.0m710.0m680.0m528.0m500.0m584.0m

Gross profit

136.0m135.0m126.0m146.0m100.0m134.0m169.0m

Gross profit Margin, %

15%15%15%18%16%21%22%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

128.0m254.0m204.0m

Accounts Receivable

412.0m365.0m331.0m

Inventories

334.0m332.0m265.0m

Current Assets

931.0m1.0b953.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

111.0m96.0m108.0m250.0m295.0m158.0m134.0m

Accounts Receivable

496.0m499.0m471.0m451.0m365.0m363.0m410.0m

Inventories

352.0m351.0m342.0m316.0m319.0m261.0m292.0m

Current Assets

1.0b1.0b983.0m1.1b1.0b936.0m1.0b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

(163.0m)2.8b(230.0m)

Depreciation and Amortization

10.0m162.0m191.0m

Inventories

31.0m2.0m35.0m

Accounts Payable

(1.0m)(48.0m)44.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

(52.0m)(159.0m)(52.0m)(59.0m)(101.0m)(203.0m)11.0m

Depreciation and Amortization

26.0m52.0m85.0m58.0m114.0m143.0m49.0m

Inventories

(20.0m)(19.0m)(91.0m)(7.0m)(5.0m)31.0m(32.0m)

Accounts Payable

(21.0m)(28.0m)10.0m(8.0m)(34.0m)(14.0m)20.0m
USDFY, 2018

Revenue/Employee

1.7m

Debt/Equity

-1.3 x

Debt/Assets

1.9 x

Financial Leverage

-0.7 x
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Hexion Operating Metrics

Hexion's Customers was reported to be 2.9 k in FY, 2020.
FY, 2017FY, 2018FY, 2019FY, 2020

Countries

90858586

Customers

3.3 k3.1 k3.1 k2.9 k

Production Sites

52474534

Trademarks

1.15 k1.1 k1.1 k1 k
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Hexion Acquisitions / Subsidiaries

Company NameDateDeal Size
Borden Chemical Holdings (Panama) S.A.
Borden Chemical UK Limited
Borden International Holdings Limited
Hexion 2 U.S. Finance Corp
Hexion Australia Finance Pty Ltd
Hexion Australia General Partner Pty Ltd
Hexion Australia Limited Partnership
Hexion Brazil Coöperatief U.A.
Hexion Canada Inc.
Hexion (Caojing) Limited
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Hexion Revenue Breakdown

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Hexion revenue breakdown by business segment: 52.7% from Coatings and Composites and 47.3% from Adhesives

Hexion revenue breakdown by geographic segment: 11.1% from Canada, 45.5% from United States, 20.8% from Netherlands, 7.4% from Other International, 10.3% from China and 4.9% from Other

Hexion Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

Hexion Online and Social Media Presence

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Hexion Company Culture

  • Overall Culture

    B

    71/100

  • CEO Rating

    B

    70/100

  • Compensation

    C-

    58/100

Learn more on Comparably

Hexion News and Updates

Hexion Inc. to Participate in Fireside Chat at the Water Tower Research Virtual Conference

Hexion Inc. (“Hexion” or the “Company”) today announced that Craig Rogerson, Chairman, President and Chief Executive, will participate in a fireside chat discussing the Company’s sustainability initiatives as a value creation driver at the Water Tower Research Virtual Conference on Wednesday, July 7…

Hexion Ranks Among Top Four Companies in North American Chemical Sector on Prominent International ESG Assessment

Hexion Inc., a leading producer of thermosetting resins, specialty resins, coatings and adhesives, is proud to announce it has ranked among the top four companies in the North American chemical sector with a score of 50 out of 100, according to an environmental, social and governance (ESG) Assessmen…

Hexion Joins Human Rights Campaign’s Business Coalition for the Equality Act

Hexion Inc., a leading producer of adhesives, coatings and composite resins, today announced that it has joined the Human Rights Campaign’s Business Coalition for the Equality Act.

Hexion Partners with Rassini for Composite Leaf Spring Application in New Ford F-150 Model

PIEDRAS NEGRAS, Mexico (June 1, 2021) An EPIKOTE™ epoxy resin system from Hexion Inc. (“Hexion”) has been specified by Rassini for an innovative rear suspension system found in Ford Motor Company’s new 2021 model of the F-150 pickup truck.

Hexion Partners with Rassini for Composite Leaf Spring Application in New Ford F - 150 Model

Hexion Partners with Rassini for Composite Leaf Spring Application in New Ford F - 150 Model

Barbara J. Edwards Elected to Hexion Holdings Corporation Board of Directors

Hexion Holdings Corporation (“Hexion Holdings”), the indirect parent of Hexion Inc. (the “Company”), today announced that Barbara Joanne Edwards was appointed a member of its Board of Directors on May 19, 2021.
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Hexion Blogs

Hexion Introduces “VeoVa House” Virtual Showroom to Highlight Versatility of VeoVa™ Monomers

“VeoVa House: A World of Versatility” Opens to the Public on September 7, 2021 COLUMBUS, Ohio - (September 7, 2021) – Manufacturers of polymeric binders, coatings, adhesives and concrete additives looking to improve the performance and sustainability of their products have a new, easy-to-navigate

Hexion Inc. to Present at the Virtual J.P. Morgan European High Yield & Leveraged Finance Conference

COLUMBUS, Ohio - (September 2, 2021) - Hexion Inc. (“Hexion” or the “Company”) today announced that Craig Rogerson, Chairman, President and Chief Executive Officer, will present at the virtual J.P. Morgan European High Yield & Leveraged Finance Conference. The presentation will begin at 10:45 a.…

Hexion Serves as Start Line Sponsor for 2021 American Heart Association’s Central Ohio Heart Walk

COLUMBUS, Ohio - (August 17, 2021) – For the thirteenth consecutive year, Hexion Inc. (“Hexion” or the “Company”) will serve as the start line sponsor of the American Heart Association’s (AHA) Central Ohio Heart Walk on August 21 in downtown Columbus. “For 13 consecutive years, Hexion has helped

Hexion Inc. Announces Second Quarter 2021 Results

Second Quarter 2021 Highlights Net sales from continuing operations of $852 million, an increase of 59% compared with $535 million in the prior year period Net income of $38 million Segment EBITDA from continuing operations of $160 million compared to $56 million in the prior year period.

Hexion Inc. Announces Second Quarter 2021 Earnings Conference Call

Hexion Inc. Announces Second Quarter 2021 Earnings Conference Call Ephraim.DeGuia… Thu, 08/05/2021 - 19:24 Hexion Inc. Announces Second Quarter 2021 Earnings Conference Call August 5, 2021 at 7:25 PM EDT This release is a backfill from a News Wire …

Hexion Inc. Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering

This is an Important Step in Company’s Ongoing Strategic Review COLUMBUS, Ohio - (August 2, 2021) -  Hexion Holdings Corporation (“Hexion Holdings”), the indirect parent of Hexion Inc. (the “Company”), announced today that it has submitted a draft Form S-1 registration statement on a confidential
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Hexion Frequently Asked Questions

  • When was Hexion founded?

    Hexion was founded in 1899.

  • Who are Hexion key executives?

    Hexion's key executives are Craig A. Rogerson, George F. Knight and Douglas A. Johns.

  • How many employees does Hexion have?

    Hexion has 2,600 employees.

  • What is Hexion revenue?

    Latest Hexion annual revenue is $2.5 b.

  • What is Hexion revenue per employee?

    Latest Hexion revenue per employee is $965.4 k.

  • Who are Hexion competitors?

    Competitors of Hexion include Olin Corporation, Huntsman Corporation and Aditya Birla Group.

  • Where is Hexion headquarters?

    Hexion headquarters is located at Ohio Health, 180 E Broad St, Columbus.

  • Where are Hexion offices?

    Hexion has offices in Columbus, Alexandria, Batesville, Baytown and in 56 other locations.

  • How many offices does Hexion have?

    Hexion has 67 offices.