IHS Chemical Week

People & Business :: Earnings/Finance

Rockwood sales up on surface treatment improvement

9:03 AM MST | March 3, 2014 | Lindsay Frost

Rockwood Holdings today announced its fourth-quarter results—up on improved surface treatment and lithium, as well as lower interest expenses. However, net income of $14.8 million was down 47% year-over-year (YOY). Earnings per share of 20 cts were lower than the analyst consensus of 34 cts/share, according to Thomson Reuters (New York). Net sales of $347 million increased 7% YOY. “2013 represented a landmark year for Rockwood. In addition to our strong financial performance, we embarked on and successfully executed a significant and strategic...

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