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People & Business :: Companies
Georgia Gulf Earnings May Be Lower Than Expected
1:14 PM MDT | July 24, 2007 | Chemical Week Editorial Staff
Georgia Gulf expects full-year 2006 net income to be $1.35-$1.50/share, including an expected loss from discontinued operations of about 12 cts/share, the company says in recent SEC filings. Year-ago results were $2.79/share. Earnings fell because of lower sales and volumes in the company’s legacy chemical business, the company says. Nonrecurring items of about 85 cts/share, and an increase in interest expense of about 44 cts/share related to the acquisition of Royal Group Technologies (Toronto) also pushed earnings down, Georgia Gulf says (CW, Sept. 27...
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