IHS Chemical Week

People & Business :: Companies

Earnings Season Starts Off Mixed

10:27 AM MDT | July 27, 2007 | Kerri Walsh and Nancy Seewald

Earnings were mixed among U.S. companies with fiscal quarters ended February 28. Higher selling prices and improved sales helped to lift third-quarter profits at Mosaic and RPM International. Restructuring charges and weak end-use demand negatively impacted A. Schulman’s second-quarter results. Mosaic reported earnings of $42.2 million, compared with a net loss of $71.6 million in the same period last year. “We experienced strong potash sales in the third quarter compared to weak results a year ago, and phosphates sales gained momentum as the...

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