OverviewSuggest Edit

Hexion (previously 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 Ratings3.1
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2019)4,000
Job Openings1
Revenue (FY, 2019)$3.4 B(-11%)
Share Price (Feb 2021)$15.5
Cybersecurity ratingBMore

Key People/Management at Hexion

Craig A. Rogerson

Craig A. Rogerson

Director, 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 Barletta

Paul Barletta

Executive Vice President, Operations
Nathan Fisher

Nathan Fisher

Executive Vice President and Chief Procurement Officer
Show more

Hexion Office Locations

Hexion has offices in Columbus, Alexandria, Batesville, Baytown and in 57 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
Show all (67)

Hexion Financials and Metrics

Hexion Revenue

Embed Graph
View revenue for all periods
Hexion's revenue was reported to be $3.37 b in FY, 2019 which is a 11.1% decrease from the previous period.
USD

Revenue (Q3, 2020)

634.0m

Gross profit (Q3, 2020)

134.0m

Gross profit margin (Q3, 2020), %

21.1%

Net income (Q3, 2020)

(102.0m)

EBIT (Q3, 2020)

8.0m

Cash (30-Sept-2020)

158.0m
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

3.6b3.8b3.4b

Revenue growth, %

4%6%(11%)

Cost of goods sold

3.1b3.2b2.8b

Gross profit

501.0m571.0m563.0m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

946.0m995.0m952.0m886.0m892.0m836.0m826.0m628.0m634.0m

Cost of goods sold

789.0m829.0m796.0m750.0m757.0m710.0m680.0m528.0m500.0m

Gross profit

157.0m166.0m156.0m136.0m135.0m126.0m146.0m100.0m134.0m

Gross profit Margin, %

17%17%16%15%15%15%18%16%21%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

115.0m128.0m254.0m

Accounts Receivable

462.0m412.0m365.0m

Inventories

313.0m334.0m332.0m

Current Assets

940.0m931.0m1.0b
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(234.0m)(163.0m)2.8b

Depreciation and Amortization

(115.0m)10.0m162.0m

Inventories

(10.0m)31.0m2.0m

Accounts Payable

19.0m(1.0m)(48.0m)
USDFY, 2017

Revenue/Employee

1.8m

Debt/Equity

-1.4 x

Debt/Assets

1.8 x

Financial Leverage

-0.8 x
Show all financial metrics

Hexion Operating Metrics

Hexion's Customers was reported to be 3.1 k in FY, 2019.
FY, 2017FY, 2018FY, 2019

Countries

90 85 85

Customers

3.30 k3.10 k3.10 k

Production Sites

52 47 45

Trademarks

1.15 k1.10 k1.10 k
Show all operating metrics

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 B.V.
Hexion Canada Inc.
Show more

Hexion Revenue Breakdown

Embed Graph

Hexion revenue breakdown by business segment: 56.0% from Epoxy, Phenolic and Coating Resins and 44.0% from Forest Products Resins

Hexion revenue breakdown by geographic segment: 45.6% from United States, 16.2% from Netherlands, 9.5% from Canada, 5.4% from Germany, 5.3% from Brazil, 13.7% from Other International and 4.3% from Other

Hexion Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

Hexion Online and Social Media Presence

Embed Graph

Hexion Company Culture

  • Overall Culture

    A+

    84/100

  • CEO Rating

    A+

    95/100

  • Compensation

    D+

    55/100

Learn more on Comparably

Hexion News and Updates

Hexion Announces Restart of Montenegro, Brazil Site

Hexion Inc. (“Hexion” or the “Company”) announced that it is restarting operations at its Montenegro, Brazil manufacturing site to reflect improving market conditions and customer demand for wood adhesives in the region.

Hexion Announces Innovation Challenge

Hexion Inc. (“Hexion” or the “Company”), in collaboration with Innoget, is offering an exclusive opportunity for individuals and teams to submit technical proposals based on new renewable resins and raw materials that can be used to formulate more sustainable, lower yellowing coatings. The Open In…

Hexion Inc. to Raise Prices for Cardura™ Glycidyl Ester, VeoVa™ Monomers and Versatic™ Acids

Hexion Inc. (“Hexion” or the “Company”) today announced that it will increase the prices of its Cardura™ Glycidyl Ester, VeoVa™ monomers and Versatic™ Acids globally for all products shipped on or after March 1, 2021, or as contract terms allow. Prices of all above mentioned products will increase …

Hexion to seek transformational deal and bolt-on acquisitions

US-based adhesives, coatings and composites producer Hexion is seeking a transformational deal, along with smaller acquisitions, to boost its specialties component, its CEO said on Friday.

US Hexion leans on internal growth to expand specialties

Hexion is adopting internal growth as a second plank to move the company's portfolio towards specialty products that are not exposed to the ups and downs of the business cycle, the CEO of the thermoset resins producer said on Friday.

Hexion verlengt huurovereenkomst voor 7.000 m2 in Rotterdam

Hexion en Port Park Pernis hebben de huurovereenkomst voor Gebouw 4 Portpark, gelegen aan de Seattleweg 17 in Botlek Rotterdam verlengd. Hexion huurt circa 7.000 m2 kantoorruimte inclusief 148 parkeerplaatsen.
Show more

Hexion Blogs

Hexion Announces Restart of Montenegro, Brazil Site

Hexion Announces Restart of Montenegro, Brazil Site kenneth.clark@… Thu, 02/04/2021 - 08:33 Hexion Announces Restart of Montenegro, Brazil Site February 4, 2021 at 8:35 AM EST This release is a backfill from a News Wire General COLUMB…

Hexion Announces Innovation Challenge

Designed to Accelerate the Development of Coatings Resins with More Sustainable Attributes   COLUMBUS, Ohio - (February 3, 2021) - Hexion Inc. (“Hexion” or the “Company”), in collaboration with Innoget, is offering an exclusive opportunity for individuals and teams to submit technical proposals

Hexion Inc. Names Karen M. Fowler as Company’s First Director of Diversity, Equity and Inclusion

Hexion Inc. Names Karen M. Fowler as Company’s First Director of Diversity, Equity and Inclusion kenneth.clark@… Thu, 11/12/2020 - 08:29 Hexion Inc. Names Karen M. Fowler as Company’s First Director of Diversity, Equity and Inclusion November 12, 2020 at 8:33 AM EST …

Hexion Inc. Announces Third Quarter 2020 Results

Third Quarter 2020 Highlights Entered into a definitive agreement to sell our Phenolic Specialty Resin, Hexamine and European-based Forest Products Resins businesses for approximately $425 million Net sales from continuing operations of $634 million Loss from continuing operations, net of taxes of

Hexion Releases Updated Sustainability Goals for 2020 and Beyond

COLUMBUS, Ohio - (Oct. 15, 2020) - Hexion Inc. (“Hexion” or the “Company”) is strengthening its commitment to minimize its impact on climate change and develop more innovative sustainable products as part of its updated sustainability goals for 2020 and beyond.

Hexion Inc. to Raise Prices for Cardura™ Glycidyl Ester, VeoVa™ Monomers and Versatic™ Acids

COLUMBUS, Ohio - (October 7, 2020) - Hexion Inc. (“Hexion” or the “Company”) today announced that it will increase the prices of its Cardura™ Glycidyl Ester, VeoVa™ monomers and Versatic™ Acids globally for all products shipped on or after November 8, 2020, or as contract terms allow.
Show more

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 4,000 employees.

  • What is Hexion revenue?

    Latest Hexion annual revenue is $3.4 b.

  • What is Hexion revenue per employee?

    Latest Hexion revenue per employee is $843.5 k.

  • Who are Hexion competitors?

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

  • 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 57 other locations.

  • How many offices does Hexion have?

    Hexion has 67 offices.