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Chemtura forecasts YOY earnings decline in the second quarter

11:10 AM MDT | June 7, 2013 | Vincent Valk

Driven by continued difficulties in the company’s industrial engineered products segment, Chemtura says it expects second-quarter 2013 earnings to decline on a year-on-year (YOY) basis. Chemtura posted earnings of $60 million, or 61 cts/share, in the second quarter of 2012, on sales of $845 million “With the first two months of the quarter behind us, we are seeing similar trends in performance to those we saw in the first quarter of 2013,” says Chemtura chairman and CEO Craig Rogerson. In the first quarter of this year, Chemtura’s earnings...

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