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Rockwood earnings rise on solid surface treatment results

9:12 AM MDT | May 7, 2014 | Vincent Valk

Rockwood today reported first-quarter net income of $21.7 million, more than double that of the year-ago quarter. Net sales totaled $354.5 million, up 5.2% year-on-year (YOY). Adjusted net income from continuing operations totaled $32.2 million, or 43 cts/share, up 39.4% YOY and matching analysts’ consensus estimate, as reported by Thomson Reuters (New York). “Our core businesses (surface treatment and lithium applications, which excludes potash) delivered strong performance in the first quarter. Surface treatment continued to post excellent top-line...

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