IHS Chemical Week

People & Business :: Earnings/Finance

Georgia Gulf's Income Falls on Special Charge

10:04 AM MDT | August 2, 2012 | Lindsey Bewley

Georgia Gulf reported second-quarter net income of $13.6 million, down 6% from the year-ago quarter, on a $6.6 million of pre-tax expense from transaction related costs, restructuring, and other expenses. Sales were up 4%, to $867.7 million, on stronger volumes in the company’s chlorovinyls and aromatics segments.   “Our operating results for the first half of 2012 improved over the first half of 2011 as the recovery in the housing and construction markets showed modest improvement,” says Paul Carrico, president and CEO of Georgia Gulf...

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