in this issue
World News and Views :: Top of the News
Chemtura Swings to Profit; Misses Targets
November 2, 2007 | CW Editorial Staff
Chemtura reported net income from continuing operations for the third quarter, ended September 30, of $4 million (2 cts/share), up compared to a loss of $89 million for the year-ago period. Sales grew 9%, to $950 million, primarily due to the company’s recent acquisition of Kaufman Holdings (Fords, NJ). Higher selling prices, and positive foreign exchange also contributed to sales growth, the company says. Income from continuing operations on a non-gaap basis was $19 million (8 cts/share), falling short of First Call consensus expectations of 14 cts/share...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee