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Momentive Posts Narrow Loss

3:42 PM MDT | August 9, 2010 | Robert Westervelt

Momentive Performance Materials posted a net loss of $1 million for the fiscal quarter ended June 27, compared with net income of $102.8 million in the year-ago quarter. Year-ago results included a gain on exchange of debt of $178.7 million. Net sales increased 32.9%, to $651.4 million. Operating income was $71.6 million versus $3.6 million in year-ago period, and adjusted Ebitda of $134.3 million was up 110% from the year-ago quarter....

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