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, US
Websitehexion.com
Employee Ratings3.3
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2019)4,000
Job Openings31
Revenue (FY, 2019)$3.4 B(-11%)
Share Price (Nov 2020)$13 (+24%)
Cybersecurity ratingAMore

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 - Chief Procurement Officer
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Hexion Office Locations

Hexion has offices in Columbus, Alexandria, Batesville, Baytown and in 55 other locations
Columbus, US (HQ)
Ohio Health, 180 E Broad St
Alexandria, US
3901 Sugar House Rd
Batesville, US
2120 N St Louis
Baytown, US
8450 W Bay Rd
Bellevue, US
520 112th Ave NE 4th Flr
Brady, 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 $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
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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
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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 B.V.
Hexion Canada Inc.
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Hexion Revenue Breakdown

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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

A

90/100

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 Inc. to Participate in Fireside Chat at Bank of America’s 2020 Leveraged Finance Virtual Conference

Hexion Inc. (“Hexion” or the “Company”) today announced that Craig Rogerson, Chairman, President and Chief Executive, will participate in a fireside chat at the Bank of America’s 2020 Leveraged Finance Virtual Conference on Monday, November 30, 2020 at 8:15 a.m. Eastern Time.

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

Hexion Inc. (“Hexion” or the “Company”) announced today that Karen M. Fowler has joined the Company as its first Director of Diversity, Equity and Inclusion.

Hexion Inc. Announces Third Quarter 2020 Results

Hexion Inc. (“Hexion” or the “Company”) today announced results for the third quarter ended September 30, 2020. "Third quarter 2020 results reflected steadily improving volume gains each month during the quarter as ongoing improvement in several key end markets drove Segment EBITDA that exceeded th…

Hexion Inc. Announces Third Quarter 2020 Earnings Conference Call

Eastern Time.  The Company will issue a press release announcing its financial results for the Third Quarter 2020 ended September 30, 2020 prior to the opening of the market on November 9, 2020. read more

Hexion Inc. to Participate in Fireside Chat at Morgan Stanley Virtual Global Chemicals, Agriculture, and Packaging Conference

Hexion Inc. (“Hexion” or the “Company”) today announced that Craig Rogerson, Chairman, President and Chief Executive, will participate in a fireside chat at the Morgan Stanley Virtual Global Chemicals, Agriculture, and Packaging Conference on Tuesday, November 10, 2020 at 2:15 p.m. Eastern Time.

Hexion Inc. Announces Third Quarter 2020 Earnings Conference Call

Hexion Inc. (“Hexion” or the “Company”) will host a teleconference to discuss Third Quarter 2020 results on Monday, November 9, 2020, at 9:00 a.m. Eastern Time. The Company will issue a press release announcing its financial results for the Third Quarter 2020 ended September 30, 2020 prior to the o…
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Hexion Blogs

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.

Hexion Inc. Announces Agreement for Sale of Phenolic Specialty Resins, Hexamine and European-based Forest Products Resins Businesses to Black Diamond and Investindustrial

COLUMBUS, Ohio - (September 28, 2020) - Hexion Inc. (“Hexion” or the “Company”) today announced that it has entered into a definitive agreement to sell its Phenolic Specialty Resin, Hexamine and European-based Forest Products Resins businesses for approximately $425 million to Black Diamond and

Hexion Inc. Announces Return of Chairman, President and CEO from Medical Leave

COLUMBUS, Ohio - (September 14, 2020) - Hexion Inc. (“Hexion” or the “Company”) today announced that Craig Rogerson, Chairman, President and Chief Executive Officer (“CEO”), has returned from medical leave effective today.  “I’m pleased to return, and I’d like to acknowledge George Knight and the
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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 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 55 other locations.

  • How many offices does Hexion have?

    Hexion has 63 offices.