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Chemtura earnings meet estimates; flame retardants difficulties continue
November 4, 2013 | Vincent Valk
Chemtura today reported a third-quarter net loss from continuing operations of $44 million, or 45 cts/share, compared with earnings of $22 million in the year-ago quarter. Sales increased 4% year-on-year (YOY), to $569 million. On a managed basis, which excludes some charges related to early debt repayments, earnings totaled 10 cts/share, matching analysts’ consensus, as reported by Thomson Reuters (New York). Results do not include the company’s pool and spa chemicals business, which was classified as discontinued operations after Chemtura agreed to...
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