Markets :: Plastics :: Polyvinyl chloride
Profits Rise at Georgia Gulf
8:20 AM MDT | May 3, 2012 | Lindsey Bewley
Georgia Gulf’s first-quarter net income nearly tripled from the year-ago quarter, to $35.3 million, on sales up 9%, to $859.9 million. First-quarter 2012 earnings includes a pre-tax $12.4 million net benefit from gain on sale of assets, restructuring and other factors. Operating income in the company’s chlorovinyls segment was up 38% from the year-ago period, to $51.9 million, on sales up 1%, to $329.5 million. The increase in operating income was due to a $17.4 million gain resulting from the sale of air separation assets at our Plaquemine...
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