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Specialty Chemical Makers Expect Mixed Results
4:50 AM MDT | August 7, 2007 | Kerri Walsh
Second-quarter earnings expectations for U.S. specialty chemical makers have so far been mixed. Rohm and Haas (R&H) has warned that earnings will fall short of analysts’ estimates because of unplanned operating issues at its Deer Park, TX plant and an investment write-off. R&H says it expects to take a $28-million (13 cts/share) charge, and that earnings will be in line with year-ago results of 87 cts/share, excluding those charges. A large maintenance turnaround at R&H’s Dear Park site caused higher than expected maintenance and freight...
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