Markets :: Basic Chemicals :: Inorganic Chemicals :: Chlor-alkali
Axiall reports second-quarter income down 62%
5:28 AM MDT | August 6, 2014 | Clay Boswell
Axiall (Atlanta) says that weakness in chlor-alkali and an unplanned outage in vinyl chloride monomer (VCM) pushed second-quarter net income down 62% year-over-year (YOY), to $27.2 million, and that sales fell 3% YOY, to $1.237 billion. Adjusted earnings of 48 cts/share fell just short of analysts’ consensus estimate of 50 cts/share, as compiled by Thomson Reuters....
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