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Higher Sales and Selling Prices Push Georgia Gulf Into the Black
9:23 AM MDT | May 5, 2011 | Lindsey Bewley
Georgia Gulf reported first quarter net income of $12.1 million (35 cts/share), compared to a net loss of $19 million in the year-ago quarter. Operating income was $36.6 million, compared to an operating loss of $10.5 million for the first quarter of 2010. First-quarter results were driven by higher ECU values and higher chlorovinyls and aromatics sales volumes and prices, Georgia Gulf says. Net sales were up 25% from the year-ago period, to $787.9 million. Sales in the company’s chlorovinyls segment increased 13.4% from the first quarter of 2010, to...
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