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Economics :: Prices
Pricing Momentum Continues
12:09 PM MDT | May 7, 2008 | Robert Westervelt Robw@Chemweek.Com
Chemical makers continue to post stronger than expected first-quarter earnings, despite weaker volumes and another surge in energy and raw material costs. A key factor behind the resilient earnings has been improved pricing efforts. DuPont says it achieved its 17th consecutive quarter of price increases. Price increases across its business equaled or outpaced escalating raw material and energy costs and generated a positive net impact of 8 cts, or 6%, to earnings per share in the quarter. Some producers, including Dow Chemical, did not fully recover higher raw...
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