People & Business :: People/Executives
Cytec’s Earnings Dip; CEO to Retire
9:38 AM MDT | October 27, 2008 | Nancy Seewald
Cytec Industries reported third-quarter earnings of $46.3 million, down 11% from the same period last year. Results included an after-tax charge of $4.9 million related to employee reductions in its specialty chemical business and the company’s planned closure of its Pampa, TX site. The year-ago quarter included an after-tax restructuring charge of $2.2 million, and a tax benefit of $3.5 million. Sales rose 10%, to $963 million. Lilley: Weak North American demand. Cytec also announced that David Lilley, Cytec’s chairman and CEO, plans to retire...
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