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Platform Specialty Products reports income gain, flat sales

10:32 AM MDT | August 6, 2014 | Lindsay Frost

Platform Specialty Products (Miami), formed by the acquisition of MacDermid, posted a narrower net loss of $400,000 in the second quarter compared with a loss of $5.9 million in the year-ago quarter. The company says adjusted net income was $26.6 million, up 12% year-on-year (YOY). The increase in net income “is primarily attributed to favorable product mix, variable operating expense management, and increased work in the company’s long term tax planning,” Platform says. Reported earnings of 19 cts/share were above analyst estimates of 16...

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