in this issue
World News and Views :: Top of the News
Rockwood reports lower third-quarter profits
11:45 AM MDT | October 25, 2012 | Rebecca Coons
Rockwood Holdings reported net income of $61.6 million for its fiscal third quarter, down 23% from the year-ago period, on unfavorable currency translation and a sharp falloff in titanium dioxide (TiO2) demand. Adjusted earnings of 84 cts/share narrowly beat analysts’ consensus estimate of 83 cts/share, as reported by Thomson Reuters (New York). Net sales slipped 8%, to $862.8 million, and adjusted Ebitda fell 20%, to $181.9 million. “As compared to the third quarter of 2011, our results were negatively impacted by foreign currency...
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