IHS Chemical Week

People & Business :: Earnings/Finance

Momentive reports net losses on weak epoxies, quartz

8:46 AM MDT | August 13, 2013 | Rebecca Coons

Momentive Specialty Chemicals reports a net loss of $28 million compared with net income of $28 million in the year-ago quarter. Operating income fell 53.3% YOY, to $49 million, reflecting lower gross profit. Segment Ebitda was 18.6% lower year-on-year (YOY). Sales were flat, at $1.3 billion. "While our overall results trailed the prior year, we were pleased to post record segment Ebitda within our forest products resins segment, which was partially offset by our epoxy business," says Craig Morrison, chairman, president, and CEO of Momentive. "Our...

This information is only available to Chemical Week subscribers.


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

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa