in this issue
Regions :: North America
Calumet Specialty Products reports drop in income, modest sales gain
12:01 PM MDT | May 8, 2013 | Lindsay Frost
Calumet Specialty Products Partners (Indianapolis) reports a slight drop in first-quarter net income, though sales and adjusted Ebitda was up. Net income fell 11%, to $46 million, because of a decrease in realized derivative gains as well as higher operating and interest expense costs—all partially offset by growth in gross profit, the company says. Adjusted Ebit increased 15%, to $80 million, because of an increase in gross profit partially offset by an increase in total selling and general administrative expenses. Net sales increased 8%, to $1.3 billion...
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