IHS Chemical Week

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Cambrex posts gain on tax benefit

3:55 PM MST | February 6, 2013 | Rebecca Coons

Cambrex reported a net income of $43.6 million for its fiscal third quarter ended 31 December, up from $741,000 in the year-ago quarter. The 2012 quarter included a tax benefit of $36 million. Sales increased 4.8%, to $70.4 million, as demand for certain custom manufacturing products partially offset lower prices. Cambrex says it expects full-year 2013 sales, excluding the impact of foreign currency, to increase 8%-12% over 2012.  "We expect 2013 to be our third consecutive year of increased sales and EBITDA and we will be making important capital...

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