KMG net income rises 17% on strong electronics

KMG Chemicals (Houston), a specialty chemicals producer, reported a drop in sales and a slight increase in earnings for its fiscal first quarter, ended 31 October. The company says net income rose 17%, to $4.1 million. Earnings per share of 36 cts/share were up 16% from the first quarter 2012 and beat analyst estimates of 31 cts/share, according to Thomson Reuters (New York). Sales were down 8.7% year-on-year (YOY), to $65.3 million, because of reduced volumes in its wood treating chemicals business, the company says. The "results underscore the...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers