Nova's Earnings Soar on Strong Olefins Results

Nova Chemicals reported first-quarter net income of $191 million, up 17% from the year-ago quarter, on higher margins in the company’s olefins segments. Sales rose 3% from the year-ago period, to $1.34 billion.   Operating income in the company’s olefins/polyolefins business unit was up nearly 10% from the year-ago quarter, to $308 million, as higher selling prices and lower natural gas costs more than offset higher crude oil based feedstock costs. Sales rose 3%, to $1.27 billion. Polyolefins sales volumes increased 3%, to 805 million lbs.  ...

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