Electronic Materials, Emerging Markets Drive Rohm and Haas’s Earnings

Rohm and Haas (R&H) reported fourth quarter net income from continuing operations up 8%, to $180 million (91 cts/share), on sales up 16%, to $2.3 billion. The consensus of analysts’ estimates as reported by First Call (Boston) was for 78 cts/share). R&H expected earnings of 75 cts-80 cts/share late last year (CW, Dec. 5, 2007, p. 9). “We completed the year on a strong note with record sales contributed by robust organic growth, particularly in our electronic materials business,” said Raj Gupta, chairman, president and CEO. “Growth in the company’s...

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