People & Business :: Companies
KMG Chemicals earnings fall but beat estimates
10:56 AM MDT | June 10, 2013 | Vincent Valk
KMG Chemicals today reported fiscal third-quarter net income down 27.5% year-on-year (YOY), to $2.9 million, on sales down 10%, to $59.9 million. Earnings totaled 25 cts/share, beating analysts’ consensus of 22 cts/share, as reported by Thomson Reuters (New York). KMG’s fiscal third quarter ended on 30 April. Electronic chemicals segment sales fell 7.8% YOY, to $36.3 million, while segment operating income fell 23.1%, to $3 million. The declines were due to falling North American volumes as demand from semiconductor manufacturers remained weak...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee