People & Business :: Companies
Arch’s Income Rises on Reduced Antidumping Duty
2:18 PM MST | November 11, 2008 | Nancy Seewald
Arch Chemicals reported net income of $17 million (68 cts/share) in the third quarter, compared to a net loss of $12.6 million in the same period last year. The most recent period included a benefit of 31 cts/share related to a favorable antidumping duty ruling, and a charge of 3 cts/share related to a pension settlement. Sales fell 2%, to $367.9 million. “Despite increasingly difficult market conditions, lower demand, and higher raw material and freight costs, I am pleased with our third quarter earnings,” says Michael Campbell, Arch’s...
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