in this issue
People & Business :: Earnings/Finance
Momentive Specialty Chemicals swings to loss; performance materials loss narrows
10:15 AM MST | November 13, 2013 | Vincent Valk
Momentive Specialty Chemicals (MSC) today reported a third-quarter net loss of $76 million, compared with a profit of $342 million in the year-ago quarter, on revenues up 6% year-on-year (YOY), to $1.25 billion. Operating income was up 14% YOY, to $58 million. Epoxy, phenolic and coating resins segment revenues rose 7.3% YOY, to $806 million, while segment Ebitda rose 1.3%, to $77 million. Forest products resins segment sales grew 4%, to $443 million, while segment Ebitda was up 18.4%, to $58 million. “Our Forest Products Resins business continues to...
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