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Georgia Gulf's Income Rises

12:34 PM MDT | November 3, 2011 | Lindsey Bewley

Georgia Gulf reported third-quarter net income up 38% from the year-ago quarter, to $34.4 million, on sales up 23%, to $929.6 million. Net income for the third quarter of 2011 was positively impacted by an $8.1 million release of tax reserves related to Royal Group prior to its acquisition by Georgia Gulf in 2006. “North American building and construction markets remain sluggish, and the softness in the global economy has continued to pressure margins and export demand for our products into the fourth quarter of 2011,” says Paul Carrico, president and...

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