in this issue
People & Business :: Earnings/Finance
Olin reports rise in sales due to K.A. Steel acquisition
2:47 PM MDT | October 26, 2012 | Lindsay Frost
Olin (Clayton, MO) reported a drop in earnings for the third quarter 2012—down 40%, to $28.7 million or 35 cts/share, falling short of analyst estimates of 47 cts/share, according to Thompson Reuters (New York). The results reported for the quarter include sales and a $1.9 million pretax segment income from the company’s new chemical distribution segment created from the acquisition of K.A. Steel Chemicals in August. Sales for the quarter jumped 5%, to $581.2 million. "Third-quarter 2012 earnings in our chlor-alkali business declined compared 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