Chemical makers continue to post weak earnings

Chemical makers that reported earnings last week posted results that were generally lower. Kronos was hit by weak titanium dioxide (TiO2) markets, while KMG Chemicals saw demand for semiconductor customers decline. Quaker Chemical, however, saw earnings rise as raw material costs stabilized. Kronos reports a net loss for the fourth quarter due to weakness in TiO2. The company reports a loss of $18.1 million (16 cts/share) for the quarter—down from an $85.5 million gain in fourth-quarter 2011. Net sales of $396.8 million dropped 9% year-on-year (YOY) because...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers