Georgia Gulf’s Loss Widens; New CEO Appointed

Georgia Gulf, which continues to struggle in the wake of its 2006 acquisition of Royal Group, reported a net loss of $227.3 million ($6.62/share) for the fourth quarter of 2007. The company also announced the departure of its CEO and significant asset writedowns last week. The charges include an asset impairment charge of $155.7 million and a $52.1-million charge related to a valuation allowance against deferred tax assets in Canada. Georgia Gulf reported a loss of $47.2 million in the same year-ago period. Earnings were hurt by “substantial...

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